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Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again

The turnover already started as soon as Yam and Sushiswap collapse, though its totally different from ICO period. ICOs where the worst form of public offering, so many start up and investors with zero knowledge about what crypto is all about. Unlike DeFi, an average person in crypto space knows what it stands for coupled with total value locked tokens.
There weren't new inflow of money if you check market capitalization, the last ICO frenzy almost total a trillion, roughly 800 billion if I'm not wrong. ICOs isn't DeFi, I have seen some projects performing excellently with or without hype.
DeFi is still a new trend which will fail with some projects but expect some modifications from developers soon, ideas are built from existing ones.

i think icos already lost their hype. ios on launchpad rules now. especially ieos on binance platform gives huge gains to the investors. So bnb owners have great advantage since they can get a possibility to participate before listing.

i think low max supply will push the price up my friend, but for a good project
people investing on defi project is because they only follow the hype, and now as you said above the hype coming to defi type project right ?
anyway in my opinion the hype on defi project is not over yet, and i believe we will see another good price movements on a good defi project buddy

they meant not to make an announcement thread here for the project security they know many will ask important details that need to be know by investors and they don't want to give that information.

But if you are long investors you should know that they need to have one here for your own security and members of this forum can help you to check  project legitimacy and open an accusation if they found out something wrong with the project.

Those are scam coins but the unbelievable thing should be the investors didn't even learn from the second time.
The majority of scam coins will never try to create announcement in this forum caused by so many people will be doing deeper research and that can reveal the true identity of the scammers who have been creating the scam coins.
It looks like that people should have never tried to buy the scam coins again.

Yes, ICO is not a "defi", but most new defi project using ICO method for funding. Defi project by relying on yield farming is more risky, I think without a clear team they will leave, and liquidity providers will take it back. This is just like ICO hype, and will pass quickly.

I also think that more than 60% of defi projects will die, but that's okay. Very strong competition in this market will leave only a few strong and really important Defi projects. now a strong fight has begun for the first places in the Defi market

I believe that the Defi craze today has a slightly different from the ICO craze before, Because the ICO craze in 2017 is far larger than of today's Defi hypes combine inputs, But I agree that it was the same method is used to attract people to invest in the Defi projects just like the ICO projects before, It happens today just like the old times.

no matter if most defi projects will die, and we will back to existing cryptocurrency again. no more hype and  scam possibility will decrease alot while most of defi will die. in this condition investors will really carefully when investing money, and someday only high qualification project will survive and nature selection already happen now.

 
I am thinking of 80-90% of defi project will actually die. For a reason that there are many scammers already use that decentralized finance method to create the project failed in thier ICO times.

I don't even see it as good way to earn money  in defi its only a shorttime hype that can give you a lot of profit , if you are one of the early followers but in long term no you will only lost in that investment.

You are both right and wrong at the same time, I think that fundamentally we are seeing something very similar when we compare the hype of icos and the hype of DeFi coins, and that eventually a great deal of those projects will end up being scams or projects that will never launch as the people behind those projects simply do not have the ability to pull off something that complex, however where I think you are wrong are on the dimensions of the two events, the markets of icos was huge and a great deal of people thought that was the moment cryptocurrencies will go mainstream but that did not happen and if anything it made the image of cryptocurrencies even worse on the eyes of the average people, but this DeFi bubble is nowhere near those kind of levels.

I partially agree with you but there are two main things to focus on:
Yes there are many scams around that are enchasing in the name of defi and also incomplete projects are launching in a hurry but i do not think any real crypto supporter will fall for such projects. Secondly no one is forcing anyone to invest so the people and investors need to show some maturity and no need to chase all new projects.

That's what's happening right now. Every day DeFi projects pop up, offering short benefits. I don't know if investors are interested in that. Looking at the existing developments, it seems that there are still many investors who still take this as a profitable investment. And many also suffered losses due to the scam DeFi project.

I agree. Now that investors are flocking to try to get into projects with the theme of decentralized finance because they are already tired of ICO or IEO, this is natural. Soon the decentralized financial hype will be obsolete.

I am also getting bored with the concept of decentralized finance projects, which are just like that. There is no variation. They only take ideas from other defi projects.

You are right about most projects which are listing on Uniswap now, a good number of them do not have a functional website or adequate whitepaper, let alone use case, their only attractive feature is the low supply which they uses to attract investors. Although no one is forcing anyone into investing in any of these coins, but I think carefulness is highly needed at all times.
Also, comparing the era of ICO to what is being experienced in the DeFi space now, I think there is a correlation between them and that is, DeFi hype is going down rapidly which shows that nowadays a project will need to offer more to investors to convince them into investing.
And lastly, many Defi projects will die especially those that failed to present an attractive use case just as seen during the ICO era.

We're in a circle.

And what we're looking at is the same hype as the ICO did. But did it last long? no. That is the reason why other speculators see that the same fate will come next to the defi projects. Scam projects will proliferate this industry and investors will keep away from it.

The established will stay but mostly won't.

Expect for those things to happen.Everything in DeFi now is hot and on the trend and it wont be something new if this will follow into the tracks of ICO once again.

So for investors out there then they should really be careful because anytime these hype will collapse and would really lead you into deep loss.

Better to be wise and smart on taking advantage with the hype and secure profits and never look back.

After ICO the crypto market has IEO.

Now, it is all about DeFi. After DeFi, what will be a next one? CeFi as some people tried to spread the confusing term or a different term but with a very minor change from DeFi or CeFi. Do you think about any name for the future trend?

ICO - IEO
DeFi - CeFi - next ?

They are only names and you can forget about names as long as you can see the scam method is the same.

it is at their own risk to join such a project.
So they did it on their own terms, anyone can lose and win if they join Fomo like this.
must be prepared with the risks, because this is like a bubble that is ready to explode at any time.

Do you mean about the second round of ICO bubble again? I don't think so but this is a defi bubble. There are so many scam defi appeared in the market and some have become exit scam projects too. If we are seeing the pattern and it looks like this defi trend has the same pattern with the ico bubble.
People are hyping the defi and then scammers have seen an opportunity to create more and more scam projects.
People have made the bubble to come again.

We had so many bubbles and Ponzis in the past and I would assume investors to behave in a rational manner. There are a lot of people who lost their hard earned money to various ICO/IEO scams such as PlusToken and OneCoin. If people continue to invest in such scams, then they should be ready to face the consequences. The DeFi bubble is going to burst anytime soon. It was too much overhyped.

difficult situation, many think that this DeFi project is a scam. and uniswap is considered worthless. if all need a process, the wisest thing is to wait. but worse, the current situation was not the right time to wait. We all know that ico and Ieo have lost faith in the last 2 years and the crypto world needs new innovations for new, more promising projects.

yes, it may be the second round but it's on the investors' side now, why? because what happened in 2017 will not happen again to the investor
we have learn a lot during that year, we know now what are the do's and don't, its an advantage to us and a disadvantage for the scammers who
will try to elude us to 1000x profit which we fall easily, at the same time there are lots of groups that can verify if projects are good,
and we must be proud of it from our mistakes during those years we are now better than before.

I agree. This forum immediately recognizes the scam. Many of those, who tried to cheat in the ICO, was found here. Today they are not even trying to create an ANN. Because without providing correct information, they will not receive recognition here.
So many questionable platforms are popping up with Defi today. Many of them have not passed the code audit.
Therefore, everyone who has doubts about projects of this type should allocate a separate wallet and withdraw as much money to it as it is not scary to lose.

Even Vitaly Buterin warned about the dubiousness of Defi projects, his remark about the possibility of hacking decentralized financing protocols, which could lead to the loss of user funds, is very relevant. For example, the recent story with the bZx cryptocurrency lending protocol.
https://www.theblockcrypto.com/post/77656/defi-protocol-bzx-attacked-lost-8-million-faulty-code

And if this often happens, then such projects will very soon lose popularity.

The time for low max supply to put token price higher has pass mate, it's no more about max supply again, investors have wise up and now they've understand what real utilities and real use cases meant for the future of any new project, you give investors low max supply without any big usefulness it's automatically over for your project

This DeFi hype will force investors to do more due diligence since it's very short term and every projects now using defi as their main focus. But maybe it's slightly different from ICO in last 3 years. iam still sure that investors and community know better projects to invest

This absurd "investment" and Ponzi-like scheme has been here for a long time, even before cryptocurrency stuff. The problem is that the younger generation doesn't yet have the experience to know which one is a legit and reasonable investment and the one that just a blatant scam.

There will be "ICO round 3" with the same modus operandi. It always involves buying something to get rich quickly and resell something "new" for a substantially higher value. The hype is everywhere started from tulip, orchid, artworks, gemstone, etc.

Still all the same to me, ICO, IEO, DeFi or upcoming fundraising strategies, scammers will always use any available means to scam people, only old investors can evade scammers easily not new crypto investors, newbies have the habit of ignoring lessons, I wish they can put learning habit first before investments but they won't, would they?

that's what I'm thinking too. just like bitcoin, it has the same vibes and people also wanted to buy even more despite of the low supplies. However, if they really want some coins that has some high supplies they could go for the other coins but they didn't. this one of the indication that the low supplies won't really matter to them and it would be a way to even raise its price after some months or years from now.

there is the same hype that we have seen in 2017 and we should not ne surprised or angry for that.
it's natural that newbie try to find their lucky coins, "betting" in any new launched DeFu launched (as this is the new hype).
always, excluding just few excellence, is a very big risk invest in such type of product ....

I don't see people will trust for the second time around to ICO because they lost a lot of money because of that.
During 2018 upto this now millions dollars scam by scammer and I think this is the right time to think about stop investing to ICO.
I will never invest to the Initial coin offering and I hope many of us will also the same just like what I did.

I believe the OP is just making a comparison with ICO days. Not really thinking that we will have second round of ICO. The DeFi hype is like ICO happy days. Everyone wants to get profit from their coins or tokens. But very soon, we will see that most of them are just crap DeFi tokens. And just like ICO days, many buyers will be rekt by worthless tokens.

 Defi is what is trending right now, you can call it ICO 2, trust me, no one cares, even those that will respond to your post here pretending as if they are not interesting, they are actually interested. Many are in it including me. I will say it is time to enjoy the show of Defi, we can either cry later and may be celebrated. As your post suggested, it might eventually crash but for now, it is all about Defi.

Well by now it's pretty obvious that there are a lot of scammers, more than the 2017 ICO boom and taken advantage of this Defi madness and uniswap exchange. So the death will be twice and very quick as compare to ICO, because ICO thens to relieve its old glory in 2018 and people still thinks that it can bounce back. Yes, it's disturbing to see huge money flowing in, but what can you do? Crypto investors wanted to get profits and most of the time greediness takes over logic.

Not only this, with the help of imagination we can do a lot of research and we can see that a lot of defi projects will be dead within the next year. You will understand that lots of new investors have entered the crypto market at this defi hype. There are also many scam defi projects coming up all the time. In my opinion, it is better to trade for defi project and the risk of holding for more days is high.

ICO round two? Well that's for those who can't do research on projects very well, most especially the newbies but it's more easier to avoid scam DeFi projects, here is what I'd do if I were you

1. Never join any DeFi projects that have anonymous team
2. Join DeFi IEO projects from top exchanges
3. Uniswap IEO can easily get you fooled, any scammers would prefer to use uniswap

investors only want to make progress so that they can still make a profit so that when there is a new DeFi project, investors will come in and try to participate in this program, when they have made a lot of profits and they feel that they are not attractive, they will come out and leave this project.

ICO round 2, pretty similar to scam part 2. I know what you mean but this De-Fi hype will be gone soon, it will not stay long and nothing could beat the ICO craze which many people made fortune on but a lot of people also lose their money. IMO, the safest to invest now is on IEO as it also risk the exchange reputation if they will support a scam project.

Exactly this time the ICO was held on the DEX and they happened faster with less money. DEFI projects are attracting a large amount of ETH, sometimes they raise funds for an ICO using other altcoins on Ethereum. These projects quickly increase in value and then fall in freefall. Although ICO-sponsored projects have no clear origin, everyone involved is very active. They are trading quickly for a profit exit soon. Those who came later all suffered losses.

I thought this was for reals lol. It was insane when ICOs were like getting big back in the days. I don't think that ICOs are gonna return though if ever there's such round 2. Can we assume that IEOs, STOs, etc were like the round x of ICOs ?
Hype never ends for different trends but it ends in each trends at a specific point, cause of what we known as scams.

Fraudsters will always be where you can deceive gullible investors, and especially where there is still hype around new projects. Therefore, it will absolutely be natural that a significant part of DeFi projects will subsequently die due to fraud, ineptitude of the ICO team, uselessness of a token, or for other reasons. However, a certain part of DeFi projects will still be useful and this will be enough for DeFi projects to develop. The main thing is that their idea is generally quite useful. If not for fraud, ICOs remained the easiest and most affordable form of fundraising to create new tokens. It's just that this kind of activity needs organizational regulation.

People should have learned from the lesson of the past that they should do diligent research on what they are investing and do not go for FOMO or hype, they have nothing to blame but themselves if they still fall into an obvious scam, these tokens that are being listed in UNISWAP are useless tokens with are bringing nothing to the table, and to the community.

It looks like the excitement over DeFi continues, but it's good to remember that something bad can happen so stay wise and be aware that the unwanted might repeat itself as an ICO once triumphed in its time and then left so much disappointment for deceived investors. , by a fake project project.

I don't know if Defi is a 2nd round ICO or something. but I know or I feel that DEFI is an investment tool to get a good profit for now. I don't support it, it's just that I enjoy it as long as DEFI can be a tool for profit, so why not? The most important thing is that you have to be wiser, be able to manage your finances properly in order to minimize the risk of loss, be it the risk of losing money or being trapped in FOMO Defi.

Well.. this has happened multiple times in the cryptocurrency sector. When the ICO craze was at its peak, I personally knew a few of my friends who received as much as 20x profit from a single ICO. Even the bounty hunters were having such a great time.. many of them were earning as much as $1,000 or $2,000 from a single campaign. But all this vanished within a few months. Late entrants had to be satisfied with whatever breadcrumbs they could collect.

Its quite normal to see the investors taking advantage whatever the current hype is. Its because they want to earn specially if these projects are promising a good return. Thats why if you bite the offer make sure that you're aware of the risk on investing in defi and for not taking time to research if this is worth to invest in.

DeFi and ICO aren't the same thing, DeFi is a use case and ICO is fundraising events for new projects, even there hypes are different, ICO projects are of different types and they have different ideas and teams too, many ICOs are dead today but some still survives, DeFi in general is the same but scammers are building theirs just like they did in ICO days but it's very easier to avoid DeFi than ICO in those days

This already started. Some projects like YAM and Sushi show major dumps and by this time being many projects will be dead or left by the developers. Only strong projects and projects with real benefits will remain in the market. You feard that sometimes like in 2017 ICO will happen and I also think the same way. Many people who join the DeFi market late will lose their money probably.

I think the DeFi era was really successful in bring out round two of the ICO era. I am seeing new DeFi based ICOs popping out almost every single day and some of which are raising a really good amount of money. But with R2 of ICO scams are back too.

Actually projects still run ICO's, but the number of new projects, compared to 2017-2018 has decreased and these projects prefer not to run bounty campaigns for promotion. That is why there is a feeling that ICO's are no longer on hype. They still are, they still try to raise funds, but this time no one tries to insert blockchain in every project and business.

Whatever comes next will all be the same but in different colors, I believe it's all about ideas and no matter how better they are scammers will be ready to take advantage of such ideas and scam new investors, in few more months DeFi hypes will be no more and some DeFi projects will exit scam, only very few will remain

I don't think ICO R2 is needed there are new platforms that offers tokensale like Disx, Trustswap or IEO will still stay in legit exchanges like Binance If you are a project owner and want a good exposure to investors then use legit websites like I mentioned above they are offering a secured way of ICO like DAICo a more improved ICO with token vesting and automatic funds release once they meet target and agreed by investors unlike ICO after crowdsale they can spend money unlimited but in DAICO it not possible.

There are many top cryptocurrencies in the field of defi, and these cryptocurrencies will be popular for a long time, but most of the unnecessary cryptocurrencies in the sphere of defi will, of course, die after a while, but I think that defi sphere will still be popular next year, and then something else may already appear, so while there is a hype around defi cryptocurrencies, we need to make money on it.

as developer prepared with use of possession on experiencing the early terms of entrance with field of business, the return helps as improving scale on apprentice as pupils and parties on involvement to gains with the modest work on jobs of the development.

I really agree with what you say because if you always hold an ICO it will make investors not interested anymore, they should go straight to a large exchange that will provide trading volume and can make investors even more enthusiastic to provide full support to the project that is of interest by investors.

yep, avoid DeFi by promising big returns and does not make sense. Even, most DeFi projects don't list Tim and they are anonim. DeFi Scam, After funding is over, they don't run away right away. The team provides liquidity, farming, etc. as if the project was real and after many joined, BOMM! they fled with millions of dollars. and the new DeFi project is not much different from the previous project, because most of it is just copying and pasting the source code.

There would be a lot of ICO before we are done. This is not even ICO round 2, this is ICO round 4 actually, the first one was ico obviously, the second ones sto, the third one was IEO and right now we are on round 4 with the defi situations going on. So you can safely assume that we are going to have a lot more as well, we are not going to suddenly have something much different than everyone assumed.

It is not like "oh my god this is different!!" type of situation, it never was and it never will be in the future neither. You will see there will be a round 5 and something brand new will come in a year or whatever and everyone will spend billions on it and we would all be shocked how they are falling for it once again, but they will ignore that and think this is different.

Some of them that did not join because of the hype with intention of making money will stand the test of time. Some of them are developed by the dev team that created some of the first generation altcoins such as the Flamingo token that is developed by the NEO team. Just like we have witnessed the fall of ICO,STO and IEO. DeFi too is going through the same trend but that does not mean there are still not some successful ones

Having an ANN thread here where they ask questions this should have been a very good criteria for investors to screen out fraudulent DeFi projects but many investors don't care they choose to invest blindly hoping to earn a huge return having been promised huge and bogus bonuses while at the end they fell to scam, and there many more obvious factors that needed to be considered, once the DeFi token is listed on Uniswap exchange most investors just throw in their funds.

Unfortunately, we must say that a large part of the projects are simple scams. Also, a large number is created by inexperienced developers who will simply lose investors money through bad decisions.
Certainly some of them will manage to appear on the market and create a useful product. However, I am sure that the situation with DeFi will be similar to what happened with the ICO market. The scale will certainly be smaller, because now investors are much more cautious.

I guess you mean that Defi will also end up like ICO. Degi is the trend in crypto space right now, anyone that want to enjoy the the crypto space right now must be involved in Defi directly or indirectly. Most projects are now adding Defi to their plan in order to sell their product. If Defi will end up like ICO, only time will tell.

A lot of people are comparing ICOs with DeFi hype and they are not entirely wrong because there are indeed many scam projects being made in the name of DeFi right now and there is again the same problem, there are good ones but those are in minority right now.

Look wherever finance is involved there will be opportunities and scammers both ready and it is upto us which one we invest with so just be wise and make sure the project you are looking to invest is actually a genuine project rather than just a fake bubble that will burst once they get their pocket full of money.

I was so hyped for Defi but to be honest I have to agree, this looks like ICO 2.0 so far apart from a few good ones.

I also don't think DEFI will last long, I think it will disappear soon, unlike ICO that it takes two years before many investors see that it use by scammers to gain Money from investors. Which in defi right now its already happening there are many project already flashed and use by many scammers.

We are hype time right now which like feel 2017 when ICO was big hype and there results many scam project after years. Likewise two different think one you can enjoy this defi hype time or you can avoid. If you want enjoy this time then look forward best defi project then doing invest.

Investing is really risky in ICO projects even in the past years. And scam projects are everywhere these days and pandemic just makes scammers so frequent. In investing in some project is still profitable in my experience the market volatility could easily give you profit even in altcoins. I thought in the past month investing in some altcoins or ICO is not profitable anymore because of so many scams projects in the past. But after trying to invest a few funds again in your projects it was still profitable but the risk of investment is still high and it was a big gamble for every investor.

The problem is that people get hyped too easily and they criticize equally badly when they don't get the expected returns. People expect like million dollar profit within a week with defi coins and this is just the wrong way of looking at it because must look at this as an opportunity to earn but there will always be bad tokens so it is not like you close eyes and invest and then blame defi if you don't succeed.

As long as there exist investors there will always be scam or fake tokens because scammers want to juice out as much money as possible from these innocent/new investors.

It is, this is something we should expect, when there is money involved in any system scammers are bent to exploit it, he onus is now on any investors to research carefully the project he/she wants to invest into. I think as the bull market continues we will see more scam, remember we have not even reach the level of Bitconnet yet

If you look at the market, it always moved along with the hype, in the beginning any news coming out from certain countries would have a weight age and that would propel the price forward and now that is gone and then the ICO hype was there and now when the market is about to go higher we have the DeFi hype as well as other news.

Even the best defi projects have been getting a very big crash like the shit scam defi projects. The bubble will not be last forever and we have learned a lot from the ICO bubble and DEFI bubble to never try to hodl anything for the long term.
The defi scams have already started to pop up in the crypto market. Million dollars have already stolen by hackers too.
The same trend will always repeat and i will expect the next bubble trend will come next years.

I will admit that I am somehow surprised that the DeFi hype is still going on when there are so many scams in the market right now and it seem most people cannot tell the difference between the good and the bad projects, but it is not my responsibility to save people from their own mistakes and even if I could hope for things to turn alright for most people deep down I know this is not possible as it is impossible that each person becomes a winner and that most likely a great deal of those that have just recently entered this market will lose most if not all their capital, by investing in those coins that for the most part can only sustain their price thanks to the hype it has been generated during the last months.

With the way DeFi was going I already was expecting it to end like this. Seriously, just look at how these projects were growing like crazy, how can a genuine investment go from $1 and the next thing, within a month or so, you’re seeing that it’s being sold for over $50k or so, lol.

So, I wasn’t surprised when they started becoming total failure. Although I am not saying all of them will fall, there will still be some of them around. But with the way they were moving , majority of them were doomed to fail and that’s what they are currently experiencing.

i dont think so. defi hype is almost over. and ethereum fees are so high. Ieos are more effective nowadays. I think ieos on binance launchpad are the only good platform for newborn projects.

Friend, do not stress much about defi projects, all new projects will have to prove their worth in the market first so if you like some project wait for them to prove their credibility and performance and then you can invest.
If you are not a risk taker then it is better to stay in top 10 coins with less risk and also bull market is highly expected now so that is the better option.

in every good project that can be profitable, there will definitely be some naughty people who try to make a profit. You hope to be more alert because I've come across DeFi
which turned out to be a scam, namely Unswap on the grounds that sending some ETH later would get a bonus token from them. broadly similar to ICO scams. namely Hype

Scammers never get tired of attempting or doing fraud activities. This is one of the sad part in cryptocurrency where we let scammers do their business and not getting caught and are free to do things such. They get even motivated when many people do like to invest and are getting into their trap. So what do we expect that people or investors are leaving in cryptocurrency investments because of this scammers that are good for nothing stealing money of other people in a legit manner.

Scammers are becoming even more rampant nowadays with this hype defi projects. Yes they are even more motivated when investors keep on investing on those hype projects that will only die on the latter part and definitely lost their money. I guess this is what makes cryptocurrency leaves a negative impact to some people particularly investors who cannot live the risks in crypto market.

This investment left us at the highest risk. I believe only 5-110 percent DeFi projects from the whole running ICO. Already listed exchange coins are a low risk. Right, many investors are enjoying DeFi hype. Whatever hype makes any DeFi projects, after the exchange listed, correction time will come. Maybe before (Correction) again bullrun of cryptocurrency.

yes, the reality is 90% of the new defi projects launching everyday will die. Many even dont have website. They are just taking funds on telegram. Mnay are scams. Many will turn scam. And many will not be able to survive in the market. Only few genuine projects with real use case and strong team will survive. Same like ICO hype in last bull cycle. But then it will only give a chance to make insane amount of money before going scam. This is what it is. It will repeat again.

It seems that when there is a bubble any kind of common sense goes out of the window, it is as if people do not really understand how the economy or the market works and this is puzzling as it is in fact very simple, if you earn one dollar then that dollar did not magically appear on your account, that was a dollar that someone else had and that now you took away by being smarter than them.

Which means that if a coin grows in price from 1 dollar to 50 dollars unless the demand can be maintained then its price is destined to crash sooner or later, and which kind of an asset can justify trading for one price one month and then trade for 50x the next month? And no asset can justify that kind of reevaluation.