Bitcoin Forum

Define the (scam) DeFi (https://bitcointalk.org/index.php?topic=5273078.0).  I hope that some people will read my topic and become more careful with their buy orders since today with any DeFi projects. Farm, swap, IEO or trade all should be done carefully and wisely.

People are more easily to accept stop profit but they are too late to accept loss and do stop-loss. "Easy comes easy goes", in the meantime of their hesitation, their money evaporate fastly.

it is a correction after strong move upside, where this correction will end, it is an important question, since long correction could pull down whole crypto market
at the moment, IMO it is best to wait a bit to see how the things are going to roll out in the following days

this will be the most correct decision. now fast decisions can bring great losses. It is important to understand that the growth was very strong and the correction could be more than 50 percent

I know you will agree with me that, crypto market is volatile and it's unstable, definitely there will be change.  That is just less than 24h change for those top DeFi, so we can't really say much for now, though there were lots of hypes and some manipulation when it comes to them.  As it has also been noted, one must thread carefully in an attempt to invest in them.  But let's give it some time, we can't really conclude for now.

All smart people understand that there is no endless growth of cryptocurrency. We now see the usual correction. It can continue for several months. Just keep watching

This is not the best time to invest as those coins can go even deeper than this time. This is the best time to shorting the market for the bump that can happen anytime.

it has been a long time since those coins were going to the moon and this is not a big surprise to see those coins were getting dropped as the correction before the next bump.
Bitcoin and ethereum were also playing a lot in this cases as people were liquidating their money for the bitcoin and ethereum too.

DeFi HYPE was already causing an uproar, during the last few times...
then market corrections are a natural thing.

agree with you, it is likely that the market correction on DeFi will occur in the next few time.

I don't think anyone is surprise about this, this is bound to happen because the market will surely make correction. This is the time for people that missed out fo the recent DEFI pump to buy the dip. I believe this month is all about market correction before we hit a new gear in the last quarter

Projects still exist because the money is constantly being poured in, but the market keeps track of the trend of bitcoin. In the past, the present and future will always be like that. I believe that the above projects will only depreciate in the present time and the future, they will continue to be of higher value.

Maybe time for a good correction in all these defi projects because the way their price grew was unrealistic to many but as a supporter i think this tech has bright future and even if price dumps more it will be good to pickup some good defi coins.

How can you even expect the market especially the defi coins to keep pumping everyday and always if a deep correction occurs here it would be good for them as the coins will find support and fair value and then the price can build on that foundation.

This is just a short term correction, the price has increased many times in the past so it is perfectly reasonable to adjust like this. Don't worry too much about this, prices will continue to rise in the long term because these are the leading projects in this market

some of the top Defi tokens underwent a market correction and this is common especially after they pump up significantly. In this case I am worried for those who have bought at a high price or are stuck on FOMO. In fact, the possibility could still decline especially if they are panic selling, after seeing the weak market chart.

Prices cannot go up on a regular basis, they need to be adjusted and enabled for new investors to invest in the project. So collapsing like this will not be too big of a problem, as long as you don't panic sell, I believe that you will still be safe and have profit in the future.

From that list I think only 8 are losing, DAI and Wrapped Bitcoin are not included because in my opinion DAI is more like a new stablecoin, and wrapped bitcoin is based on bitcoin, because bitcoin is dropping, of course, wrapped also follows. for others they lost for a while, but in some lists, of course there are some who still have the potential to rise.

This explosive growth on the Decentralized Financial market or DeFi is one of the impetuses that resulted in an increase in the price of several defi coins some time ago, but in every cryptocurrency trade anything can happen suddenly of such as a decline, in prices on some currents defy coins and of course along with when the price rally will also occur again so that we as traders do not have to panic too much in the face of the current downward trend in prices because isn't that normal in trading investment?

Coin price fluctuations are frequent in the crypto market even among the top Defi coins and I think this is normal. You can make corrections like this as an opportunity to buy cheaply, but if you are confident in the project then you can buy it.

It's not just DeFi, practically every cryptocurrency is down today—after Bitcoin got rejected at the $12,000 threshold once again.

However, it's not too bad. It basically wiped off the last 2-3 days of gains for most cryptocurrencies. There is still a long term bullish trend and I highly doubt we're going to stay at these levels for long.

Remember, the longer the accumulation, the more rejections, the bigger the break out. Bitcoin has been knocked back from $12,000 around five times already in the last three months, we're about to see one monster breakout soon.

Bitcoin is almost certainly going back to $20,000 this year, and altcoins are going to go damn moon.

Just make sure you've got your stop losses set!

Who was surprised that every altcoin needs a retrace? These things were mooning like crazy. In fact almost every god damn crypto was mooning that wasn't dead already. Mooning without any retrace is very unhealthy. This just gives it them more power to moon later on.

They cannot constantly show only growth, I honestly do not understand where the money comes from for this holiday, I hope there will be new users.

its normal correction in market cycle , price will make volatilty in its movement and so far cryptocurrency market still in bullish trend and no need to worry if price decline now. keep hold and don't be panic while our assets down now in several  months later our asset will growth alot especially if we hold gem.

Today is a very good opportunity to buy DeFi at a lower price. It is possible that the price will become even lower if bitcoin does not stop falling further. Those who hold these tokens should not give in to panic, because we are seeing a correction that we have been waiting for for a long time.

I just checked the Coinmarketmarket right now and it's currently in the bloody market. That's true, not only Defi who have been experiencing a big dump and if we're going to look in the top 100 cryptocurrencies in the Coinmarketcap, we can see some of the coins have been down up to -20%-30%. Probably, some of us will get scared because of this but take note that it's totally normal having this kind of situation in the market. But, how long can we see more dumps in the market?

I agree with @tvplus006 but, make sure before we invest to in any coins, we should already have our prior research to avoid losses.

That's your choice to make but don't forget that Bitcoin dumps back to 10+ today and thats because of a big amount of Bitcoin that was deposited on an exchange, investors dumped their bitcoin with the fear that the market will dump big if the whale dumps his big stack of bitcoins   

Today is worse than yesterday, bitcoin is too deep in price, all efforts in August have been wiped clean. I don't think the market will get strong again after this sell-off. Maybe bitcoin depreciates deeper and we have to wait until 2021 for a chance to rise again.

and remember, most alts whether they are in top position in the market or not follow the performance trend of btc. and DarkDays is the first to mention about bitcoin's status in the market in relation to what is happening.  so what is happening in DeFi market is expected also as btc goes down.
 but when btc recovers again, these other alts and tokens will follow again its trend. just look at the btc chart and see for yourself about the shape of other charts

https://i.imgur.com/qKGjHGv.png

Don't get confused bitcoin is still very bullish, we are still going up and it's better to invest now and take advantage of the market, I believe some dump to take advantage of the 12,000$ price per bitcoin but in no time Bitcoin will recover, this is another good opportunity time to invest

Investors ran away from Ethereum and went to buy TRON  ;D
But seriously, the DEFI market over the past few months has grown by 1000-2000% or more, and a small correction of 20% has already caused panic in you.
We are only at the very beginning of the rally, so choose promising def tokens and buy while the price falls.

I believe this month there is going to be real correction and will give some investors chance to take positions in good projects. I believe we are just getting started, the economy is getting opened and people are going back to work, which I think is good for the space, that means more money is set to enter the market after this correction

The fact that now all the best DeFi projects are falling in price and going to correction, I think it is a good event. It would be much worse if the hype around their prices continued to rise and this would happen much later, closer to the fourth quarter. Then investors in DeFi would suffer huge losses and this could lead to a general drop in the cryptocurrency market. Now the fall will not be so significant and will give the market an opportunity to prepare for the next wave of growth. It is also quite possible that after the current correction, the price of DeFi projects will no longer grow so quickly. The cryptocurrency market will be more or less balanced.

"yearnFinance",  "wrapped bitcoin"...kinda feels like those who fell for the DeFi hype deserved to get burned after investing in tokens with such dumb names

but to be fair, the BTC price drop yesterday kinda dragged the entire crypto market down with it so the bloodbath in the charts is "normal", it woulda been weird if they were in the green numbers, though...Regardless, it would be interesting to see if these tokens will recover in the short-term or if this drop will trigger the demise of the DeFi bubble. My advice: stay away from DeFi, it's too late to invest, you missed the train already

It's what's known as shitty market day.
It comes and goes on it's own, on random. Sometimes it lasts a day, sometimes few days.
Don't get discouraged by it, buy the dip if you believe in a project

Bitcoin is collapsing right now, so it's making this entire market bleed. I am not too surprised by its current status, and do not worry too much about the prices of these projects, I am confident that in the near future the price will continue to go up and take advantage of this opportunity to buy things at a cheaper price, otherwise you will regret it

Bitcoin lost 5% and is dragging all coins down. 5% is a lot for Bitcoin.  What your screenshot shows is just an ordinary day for DeFi. When DeFi goes down a lot is -90% :)

I think at the moment Bitcoin is bullish mood. So entire of the market is going correction not only DeFi projects are falling down. All of DeFi coins are right now too much lower price i have seen but it’s not big effect we see still those coins so much good price. Most provably it's good time to invest for short time in several DeFi projects.        

When the market was booming, many investors were cashing out in profits while some were greedy and refused to take profits. This market will teach you how to be humble if you aren't careful enough. This correction may take time.

There is no need to panic seeing the price of DeFi tokens experiencing a decline, this is only natural if you see the price of Bitcoin which
has fallen far enough. Since all altcoins are bound to be affected by this drop in Bitcoin price, this should be a good opportunity to buy
DeFi tokens. Because the current price correction will not last long, don't miss the opportunity to buy DeFi tokens at low prices.

The situation of DeFis is normal as bitcoin also plunges its price. A lot of alts are also in red for the past day. But I guess a lot of those who bought DeFi tokens are in loss obviously. But if you have faith on the project, just hold it and wait until bitcoin recovers and hope that your Defi token will also recover

If you will panic in this situation, the tendency is to sell what you have and you will incur big loss. Better wait for the market to recuperate and see what's in store for your holdings.

Even the price of bitcoin was in huge red after a good bullish rally, so I guess the crypto market is in correction but talking about the defi projects alone some of there are getting dumped more than 20% in a day which not really normal so people who are holding such tokens should be really careful.

I am thankful I didn't enter any of these DeFi coins hahaha.
Especially I am watching closely the Compound last few days when it was around $250+ in Binance. But what I thought before is I will wait for a small pullback on it, but jeez! It falls below $200, and I don't think it's good to buy now, it's difficult to catch a falling knife, lol.

This time can be considered as the time to invest. IMO if those dump will always happen when the coins have been increasing so much. You should look at the total capitalization that owned by them all and they were going to the moon. If they have been getting plunged a lot and that's not a big problem for sure. As long as they legit and they can recover anytime.

that also depends on the how the position of bitcoin as the crypto that ruling the market.

You can call it a price correction since in the past months, the market went up massively with little consolidation for alts. You can consider a buyback on those DeFi tokens once there is a trend reversal, and right now, I can't see any signs of it. Let's see in a few weeks if there will be some confirmations based on the price movement, but on my side, I wouldn't risk a buyback unless I can confirm a reversal.

This is no loss as the entire market has dumped so it is likely that every coin is dumping along. The best thing to do right now is to take a break, have some fun and watch the charts and just hodl your assets. Don't panic sell and you have nothing to lose. Curently my portfolio is down by 4 figures and its pretty normal if you have been in this industry for long.

and look at chainlink too dont only on Defi project . price dropping may still continue in few day or week again and waiting price consolidation will be good decision for us. catcing a falling knife was very dangerous way, it represent investors still panic selling . Defi project actually there is no speciality at all , everything moved by hype .

Nope the market is crashing including major coins so expect a good retracement from other defi projects too. I dont know but we can see a big change whether defi could still roll on booming on the market from this bearish sentiment.

I am keeping some usdt for some buybacks just in case the market crash suddenly.

There are also defined project dumped more than 50% of its price and that's not good sign if you are a long term investors. This is only proven that you should not trust too much on the market hype if you don't want to lose big . Better to invest in a project that is proven already not those project come with just a new idea and make a hype for their project.

Stock market is also in the red after the news of China dumping the US bonds that it was collecting from a long period of time and is now finally selling the bonds due to the tensions between the two. I have been watching the stock market since long and the market is also responding exactly the same to this news just like the crypto market, everywhere there is red and selling pressure is higher than the buying pressure and I don't blame DeFi and surely this isn't the end of the DeFi tokens and they will again rise after this small dump.
 
Here is the link to the news article  LINK (https://www.forexlive.com/news/!/china-will-further-cut-holdings-of-us-bonds-global-times-20200903)

You can read my personal text to find what kind of investor I am. :D

Talking about the defi tokens especially it is not only crashed so there might be a chance for the prices to get recovered but not all so play with the risks for huge profits or invest on bitcoin for long term profits.

Because of BTC down. But I don't think so this will be a good choice to invest in. I think they should go down more. As you can see the DeFi is on HYIP so you should take steps carefully. wrong steps can be dangerous. As you know about YAM? price was 180$+ now less than 1$. be careful before invest.

DeFi are tokens, not coins. Coinmarketcap made specific changes to what it consider coins and what it consider tokens :

https://coinmarketcap.com/coins/
https://coinmarketcap.com/tokens/

To view only DeFi tokens, from all tokens :

https://coinmarketcap.com/defi/

Maybe it is time users start to use the same definition and also remember that coinmarketcap has a separate marketcap ranking for both coins and tokens.

https://coinmarketcap.com just throws coins and tokens together, making it a 'comparing apples with oranges' kind of situation by now.
I think we should avoid referencing that one at all.

Also a warning : do not get trapped in DeFi token projects, they have fees for interacting with DeFi protocols that can run up to $100.
These fees are different from the gas fee.

I am just glad i am in a PoW coin that has very low average transaction fees ($0.004), settles transactions (send, receive, spend) within a few seconds, has protection against double spending, has protection against 51% attacks and function as digital cash.

Its name : Dash

You can even stake Dash on Binance : https://www.binance.com/en/support/articles/af64a497b040498f85c573baf4f24fcb

https://i.imgur.com/zpMsALT.jpg
Source : Binance (see above link)

Be smart, use Dash !

I think the decline in coin prices as you have presented above is a form of market correction. but if you want to invest when the coin price is down it is not a problem, it's just that I would not recommend with the DEFI project, I have heard a lot that most DEFI projects end with scams, such as UBI, SUSHI, YAM and maybe many more that I haven't know.

There are still DeFi projects that are not scam especially those who are already in the market even before the hype. Those project that you mention above just appear instantly and got only attention due to hype not really about their project so dont just invest because of hype better know the project at all.

now all Defi projects will be dumped. I believe that any investment in these projects is very dangerous. We see now that the market is showing us that we do not need to trust defi

fomo is over, look at the market!, prices are all back to the beginning,
all fell very deep, almost a 100% decline occurred in altcoins, very terrible

It was to be expected, it was impossible for this bubble to continue, I could see the merits of some DeFi projects but in no way this guaranteed the fortunes we saw being invested in those coins and finally the market is reacting to this truth, I do not have any interest in investing in those projects but for those that do this is the moment to wait and let the market run its course, and finally once all the hype dies down you can buy some of the best coins at a cheap price and hold them for some time and obtain some easy profits.

Correction in cryptocurrency industry is inevitable, as such we're into the correction period. During this period, don't be surprise to see dipper corrections from the market and from major coins and tokens in the market. At this junction, defi coins should be kept safe because the market will rebounces back to continue its bullishness. Currently, am buying chainlinks for my future profits because it's a good project with high caliber of individuals as project team.

and today Chainlink was 10 USD , so every single token lost a lot today. Today was a huige red day, bloo bath. Unfortunately this shows that recent rally was a failed attempt of breaking 12k resistance, again. This means that we will not see new ath soon, maybe ww will have to wait another year before next attempt.

This is just one of the things one need to understand about the crypto space, that is, after a long period of growth, there is always a time for correction, no one can predict it, it's just something that happens. Also, just like no one can actually know how long a green market will last, in the same way, no one can know how long a bloody market can be. In my own opinion, I think it's better to wait for a while, and even if one needs to buy I would strongly suggest major coins which have the higher potential of bouncing back as soon as the market is favourable again.

This is no new, Correction hits on Defi tokens along with other market coins, This can be a piece of good news to those who are still planning to buy some coins, You can consider this time to buy, I expect price gains for some Defi tokens after this dump. As we see these tokens were pumped and gained value fast so we should expect to lose it's value fast also.

As expected. Feel sorry for those who blinded again by the hype thinking no way the rise won't be destroyed. Latecomers surely can't sleep properly at night.

But still, congratulations to those who able to ride.

Been seeing disappointment posts and regrets on some traders group in social media. FOMO really struck them and some even shifted the majority of their holding to this Defi tokens. Should serve that as a lesson in case there's another token on a crazy hype again.

But it's not just the DeFi coin that's down. The whole crypto market is now bearish. You know, Bitcoin's price has been rising over the past few months, as have altcoins too. The collapse of the market now is undoubtedly a correction. I hope the crypto market will be uptrend again after the correction.

Another year for the next attempt! Don't you see the history of Bitcoin price and a few months ago halving time. Bitcoin will break through 15K USD before next February because December next year we could see another bullrun like 2017. Whatever if Chainlink dumps to 10 USD, the top coins list is always changing because we are receiving more new future & features.

Gonna say it will take time before the DeFi hype will come back again.

Even experienced ones got blinded by these hypes and do the hodl to death mindset even seeing the price is continuously decreasing right before their eyes.

Well, the good thing here is, people who don't experience yet how to deal with this hype now actually feel the pressure of riding the big wave. Should act as a good reference in making their future strategy.

unfortunately those who are affected by DEFi hope to get a lot of profit, as happened some time ago the price of DeFi coins like YFI has a high price increase but when the time collapses it makes many people stuck at high prices like today many traders become victims of DeFi .

Looks like not only the top 10 has decreased. Even under him experienced the same thing too. So the market is really down and a lot of altcoins or DeFi coins are going down and losing. So I understand this, not just one sector.

Now all the crypto market is bleeding,almost all of the tokens are red color,not only top 10 DeFi Tokens.But i think this is just a correction after the big pump, it has been proven time and again.So if you have spare money, I think this is a good chance to get on the cheap DeFi boat,missing this opportunity,it's hard to find another time.

How do you know that we are going to have a bull run next February? There's no information to back up your claim, and no one in this market can predict the future. Just keep an eye on the market and buy them at the right price, I believe we will always benefit from them.

We do not need any defi, there are so many people who got hyped about bitcoin and I believe there is really nothing that it provides that would be too much of a change. I believe bitcoin world will continue without DeFi being so big in the near future. By 2021 and forward DeFi will not be as big, it will be half of this probably and even less in the future after that. Think about it, ICO times in the peak was over a billion dollars a month, A BILLION DOLLARS A MONTH, at its peak, look at it now, it is not even 100 million in the past 5 months, that is ridiculously low compared to what it used to be.

Hopefully it won't fall that much, but even if it does, I believe it would make sense as well. I just hope that people do not loss too much money while the DeFi world goes down.

well, when you already know the price movement, you should be able to make the best of it because such price movements usually get full support for investors and the whales who are playing with prices and trying to find profit in a very terrible way.

not only Defi but all coins are now experiencing huge price drops, it's just that those who believe in Defi suffer more losses
Prices are now back where they were before the pump happened

This is just a short term correction, the price has increased many times in the past so it is perfectly reasonable to adjust like this. Don't worry too much about this, prices will continue to rise in the long term because these are the leading projects in this market

Crypto market is passing full of volatile and unstable condition. I agree that others cryptocurrency lost their value along with bitcoin. But i wonder after seeing, some defi tokens lost their value incredibly 50% to 60% within 3days. Even they continueously deacreasing after op posted, When Others altcoins seems quite stable after lossing their 10% to 15% value.

That is natural, the recent growth in the markets was for the most part caused by DeFi projects and since a lot of money was moving there as soon as it began to go down and people finally realized the fun was over and began selling their coins this had an effect on all the market, after all it is not as if bitcoin has gotten any weaker because of this, if anything this shows once again that all of those coins trying all kind of tricks to replace it as the leading coin and surpass it will never get there as they simply will never be as trusted as bitcoin is precisely because of what we are seeing right now.

Yeah, it can be a hard hit but honestly we should have seen this coming after weeks on end after the BTC halving event the market stays in the same place and only recently showing a small uptrend.

Now that the bull-ish run occurred almost for no significant reason, not that in crypto this means anything, the aftermath correction is happening now. I do think that even with so many coins underperforming greatly, the markets could look even worse, and from what I've seen in the couple of days there's some sluggish movements of recovery. And, lets not forget about the current global pandemic causing distress signal among the stock market...

currently, some DeFi coins have grown by a few percent in the last 24 hours based on Coinmarketcap / DeFi.

the phenomenon of a market correction is a natural thing and in one year it will definitely occur several times. I see the price decline a few days ago is just a market correction and have no other reason.

*I hope we always think positively and remember to only sell when it's profitable, don't be a panic seller

First of all, weren't we all aware of crypto being extremely volatile and non-consistent thing all along?
Why do you expect something to be able to grow like 200%+ overnight and then not experiencing a rapid fall?
For me it is a good time to buy some of those, you can fomo sell if you want to

Defi projects are like bubbles and can burst at any time so I recommend that if you want to invest in these projects, you should consider carefully and do not hold for too long as that can cause for you to lose a lot. The current market is now dependent on Bitcoin as this coin is all decisive for the existence of the crypto market. I guess this year the market will definitely be on an uptrend and here's your chance.

So far the top ten DeFi projects are moving up again or recovering there are still hope for some DeFi projects, investors are wiser now they know that there are a lot of scam DeFi based products and there are still good DeFi projects this indistry has potential the fact that they have a dedicated page created by Coingecko and Coinmarketcap so people can easily see the market movement of DeFi based projects.

Yeah a market correction where almost all the investors are already make a panic sell and from what i see the defi hype look like already end. Most of the Defi project just a scam with no solid plan for a long term.  To me Defi project just like a ponzi scheme where the first peoples will make a lot of money and the last one will stuck with the shit token at high price.

I think for what is happening into Defi tokens, it is all because of Hype, and they're taking advantage in the response of the community who also got easily interested to buy em. But most of them in reality it's just temporarily only, then cry in the end for sure for those investors who made the wrong decision about investing it.

It is just a little correction, You can't expect something goes up 24/7 if you expect that you are in a wrong place and better go to gambling, that is so natural to see some correction after a couple of X .

Basically it's not a correction consider about the crap coins have been going to the hell since this correction was happening before. People think gambling in the crypto or a new defi coins are less risky compared with gambling with your money in the platform. Some coins can go up in a few days gradually.

In this case, when a project has a quality and it will never be dumped to the bottom again. that's it.

Despite the fact that the value of most Defi projects seems to be on the decline, its more an act of price correction than the project dieing. I've held some of those projects for several years and I can say that they're here for long term, especially the LEND token. It's unwise to be scared of market fluctuations when volatility is a feature of cryptocurrency.

This is to be expected. They inflated these defi-projects from scratch. It turned out something like a soap bubble.

Let them make improvements to the DeFi project as long as you can always be vigilant and make research on each project so you don't get caught up in a fake project, because many scammers take advantage of the current conditions in the DeFi project.

I do not think that DeFi is dead, however I do think that not all DeFi coins are as they make it to be, as some of these DeFi have ridicilous projects. Some DeFi exchanges on the other hand are very good.

I think this is interesting as of how different people will interpret the same event in different manners, personally I do not think this is a correction at all, to me it is clear that what we are seeing is an important shift in the opinion of investors about DeFi projects, just a few months ago as long as you said your project was a DeFi project it was more than enough to get a lot of money for your project but now people are becoming sceptic of the market as scams keep appearing every single day and they are losing their trust in those projects.

Precisely. Do your research and invest with your knowledge taking the risk of participating to this kind of projects
needs a deeper understanding. Without any knowledge your investment may end to totally busted, as lots of DeFi
supporters are fat whales who controlled the trends, they can quickly burned your money when they decide to dumped
each coins that they've hold. be wise in observing the flow before taking your side.

It will very unfair to generalize since there are some DeFi projects that are good and could have potential over the long term but the thing is that number is very reduced if compared against the number of DeFi projects in the market right now, this is what it is generating scepticism among investors and I cannot blame them because as we know you only need to make a single mistake in this market to lose all your money and even your identity, which leads me to believe that most likely DeFi projects will suffer the same fate that icos suffered and eventually no one will invest in those projects.

No need to panic seeing the price of DeFi tokens experiencing falling down, its natural if you see the price of King Coin Bitcoin which
has fallen really deep. Since all altcoins are bound to be affected by this drop in Bitcoin price, this the right time to buy
DeFi tokens. Because the current price correction will not last long, don't miss the opportunity to buy DeFi tokens at low prices so when the price go up its time to say winner winner chicken dinner

10-20% correction is nothing when you compare it with 1000x what almost all of these tokens did in the past few months. Is Bitcoin dead when it comes back to 10k USD level? Probably not because it has grown from 0.01USD.  :D

i think its too over reactive if 20% correction mentioned as died. its not only defi project that have negative gain in crypto market, almost all coin even top 10 do the same thing too. i am agree with your opinion , we should not worry and if look price histroy we still see extreme growth in most of cryptocurrency.

in this condition we should over panic while see crypto price drop 10 to 20%. price will not always grow up or always down. correction must happen to make accumulation phase. some trader sell their position to take lower price again and accumulate stock. look at chart will clearly explain to us about this history.

I'm not really sure if the DeFi tokens your pertaining too will bounce back to its the price. If the a certain token falls, It's not always the case that you need to buy one and assume that it will bounceback, Remember that DeFi token prices are going up really fast and the correction price of it is expected. But as of now DeFi tokens are at it's prime, You can easily gain some profit on trading or investing on it. Just make some good decisions about picking one.

Does anyone feel Farming is another scheme of Ponzi? I don't know where they get the profits to pay farmers, and the only way to farming is to buy and keep 1 coin, then get paid another coin to sell for money, it will die when it doesn't attract more. new entrants.

Even as of this moment, there is a green movement but the prices are still very far from your post. At the time of your post, Chainlink is at 15$ but right now it is currently sitting at 10$ which is 5$ low from the day you have posted this thread even if Chainlink is gaining a 2.82% change last 24 hours.

Most of the Defi tokens graph are pointing downward, though it can surely recover if the market will start to move upward again or the defi hype will continue to grow again.

I don't think that DeFi Tokens is dead but due to the current instability in the market,
investing in altcoins at the moment bears very high risk, wait until the market stabilizes.
You don't want to gamble with your money by investing in this bleeding altcoin market right now.
So take a break for now and not make any calls until you see the trend reverse.

if you are planning to invest then this is the green light for you to buy some coins whose prices are down. This is a golden opportunity to make a good profit when the market stabilizes again. but I don't recommend about DEFI coins, my advice is only the top altcoins.

As I said, investing in altcoins at the moment bears a very high risk
Altcoins are not my priority at this point.
If I want to buy crypto, I would only buy Bitcoin
Either way, thanks for your advice  :)

Top coins are good for a big investment. Top coins are always positive for only 5, 10 or 30 percent in several months. In the short term, we can earn profits from some altcoins. I can predict that May 2021 another bear market we could see, we could wait for the last opportunity or we can take these opportunities. The big opportunity is that Bitcoin halving is over this year.

It's very risky especially when you don't know if there's still reversal that may take place, there's chances that the project that you are participating or planning to participate after the hypes there's nothing else to expect but to continue experiencing downfall.

You need to have a better understanding so in case you buy and hold whatever happens you can continue
holding the coin while waiting for another bounce up.

The whole premise of the original post is silly. A complete market has had a deep dip/consolidation, so DeFi projects followed that pattern. Regardless the hype, they are not resistant of the makro market movements, so if you believe in the long term success of the DeFi scene, now it could be a solid buying opportunity for sure.

I have stopped investing in defi coins for now. I've lost nearly 50%.
The current price looks like a correction but may fall again.

This bubble will explode after defi hype will finally end

I do not think so. The defi trend is still very strong, new projects are born and the price is still x many times, Hakka, Hedge are a typical example. The problem is that you bought those defi coins at its highest level, after bitcoin corrected we will definitely lose money. As an investor, you should calculate the risks in advance and you should buy earlier before its price has pumped too high.
For me, I will still hold my defi coins for another month. If the general economy remains bad, I will give up.

You can also include DIA in that list I invested in DIA when the price was about $3.2 and, now the price fell below $2. I hope it will start going back up once bitcoin stabilizes a bit. Right now, my major DeFi loss is coming from the DIA project.

If you talk about risk, then whatever you do will have it even though the risk value has a difference from a small risk value and a large risk value, while for cryptocurrencies including the DeFi project this has a very high risk meaning you have to be careful when making transactions at DeFi platform.

To be Honest, i have choose and will stick to Uniswap platform for my farming and any DEFI transaction as long as it is recommendable and recognized project. i thingk the DEFI sector is here to stay and will last long just like the financial sectors are dominating in everything that have to do with finance in the world. The defi project will last for long.

There is ssoooooooo many of them, I do not understand how the idea strike as top ranked. Sure every one of them put a little twist at the end there or whatever but all of them do the same exact thing over and over again with a different color ribbon at the top of it. Believe me when I say this, hot or not right now, this will go to garbage can one day as well, the idea is dime a dozen and nothing new there, it is simple as well and there is really nothing that makes it shine brighter than the other ones neither.

So, at the end of the day if you can stay away from it aside from.. maybe using it? You should definitely do that, defi projects these days look like they could very well be scammers as well, get all of your money and run with it, doesn't really look impossible if they are cheaters.

Everything related to investing, especially in crypto, is very risky. That's why we have to study this ecosystem as best we can, and determine the right strategy and analysis. Most of the people only fomo, see popular trends and then join in, without realizing they join when the price is high. Then lose a lot of money when the price goes down, especially when BTC goes down, then blame that DeFi is a scam. Come on be wiser in addressing this matter. You can follow the trend, but we must be aware of the risks.

We know how volatile the market not only for the old cryptos but most especially to the newer one such as those DeFi token and knowing the fact that investing in crypto has a much higher risk crypto enthusiasts should really do several strategies to avoid losses such for example with this top 10 DeFi projects. Let us still give these top rank DeFi a benefit of the doubt that it can still manage to maintain a good standing as well as its good value in the market.

the down fall of crypto market is recovering gradually but that leave a bad effect to defi investors cause dafi tokens prices are dropped irregularly than other altcoins. Although some people saw that as a opportunity to buy DeFi tokens at low price. and i think, they are in profit, at this moment. moreover crypto industry is still in a bullish condition. So it can be expected from defi, to recover their price fast and going higher again

When bear market starts, it affects all coins and tokens with no exception, but when the market starts growing again, some coins and tokens can grow back with it while some might find it difficult to grow, and in some cases if the prices of such coins continues dropping, there is every possiblity that panic might set in, in the minds of investors and thus they might rush to sell which will lead to further drop in price. This is what happens in most projects and it is also wrong for the team to give users a reason to dump, which might include lack of update etc. Now having this in mind, I believe that, bear markets affect DeFi tokens as well, and hence it is now time for users to know the ones which have a serious team that are ready to work, transform the DeFi space etc, and the ones which were just growing as a result of Defi hype. The ones whose team are ready to work, can't die while those that grew because of hype, will.

The DeFi token red chart isn't over yet. I think this will continue. If we invest, we must be ready to lose, or be patient in waiting for price increases. This has a very long process. There are currently hundreds of DeFi tokens, so we don't know which DeFi tokens will last.

Not only those but also saw, a large numbers of defi tokens lost their value within overnight even some of them fighting with downfall of all time low condition. That's really a strange thing.although a large number of people in this forum, are already aganist defi tokens as they think defi is just a hyip, a brand new way o take money from innocent investors as well as traders.so need to be careful from defi hyip

UNI token is one of the tokens that will last it has usage, it has a community and it has a lot of fo future, I still have my UNI token coming from the last airdrop and still waiting for the next big surge that will likely to happen anytime, DeFi or Decentralized Finance is here to stay they have a good roadmap and they are being adopted.

There are all the top 10 defi tokens in the coinmarketcap at a loss they are coming from the bounty campaign which puts a lot of risk in investing in these tokens most of its projects are scammed the price of this currency has come down a lot at the coinmarket cap. Most of the currencies in the market are running under the name of defi project but in case of investing in other currencies every trader has to invest by choosing the right currency with awareness.

At first some defi projects gave lucrative profits which caused a lot of investors to lose money by investing at this time. A new defi project is easily raising millions of volumes from uniswap and later the project dies. In fact they want to create a fake volume by spreading the net from uniswap. So my idea is to forget the defi project and also try to catch a good project but if you want you can invest in good currency of the past bages.

Are you new to crypto?
Because this isn't something extraordinary, it happens all the time, cryptocurrencies are highly volatile, yet they still aren't doing as bad as most of stocks.
Reconsider your views on correction of market.

after increasing for few month and now its decrease and you say will be dead project?
i guess not because all coin is decrease now not only defi its apply to all.
but more bigger for defi because of the hype make the volatile is high than other coin.