Bitcoin Forum

#DeFi

Fortunes will be made during this 2020 #DeFi craze, and also fortunes will be lost.  Will you be the investor that made that fortune or not?

$ETH, $LINK, $BAND, $KAVA, $JST, $ORN
How do you think benefit from these Token ?

I lost my fortune in the last pandemic market crash because of single simple mistake. Never used stop limits on my trades.
I congratulate those who bought LINK at 0.1$ on binance, Kava is solid and Band was a crazy come back with coinbase listing. I can't agree more that DEFI is 2020 trend.

Being timely on investing in projects always pays, although, it is to projects that one has carried out research extensively on. I think DeFi is great but is gradually becoming over hyped and it will most definitely attract some insincere people and that is where investors may face some degree of challenges. Research before investing.

DeFi projects are actually making a lot of waves in the market now.  Investors see it as a new way of making quick money or profit.  It's actually an investment opportunity for everyone.  However, we need to invest in the good ones, not those created by the scammers.  My little investment in Oikos cash is really paying me well now.  You can also give it a trial.

Damn, I never saw this coming to be honest, I spent my time with useless projects and I lost thousands of dollars already, I never thought that projects like chainlink would be this big today, I guess there is lot for me to learn about in this crypto space, DeFi owns this year for sure

Becoming an investor that takes profit from crypto currency tokens is not by choice, neither is it by willingness, it is by doing the right thing as an invesyr. Which starts with a proper research, proper token identification, market charts studying, when to buy, when to sell, and how long to hold. This are the core tasks and more required of an investor. Always do your own research.

The benefits will be coming from the utility usage that has already offered by those coins but remember as an investors and then your benefit will be also coming from your investment on their token as the price growth will give you more money.

Yeah mate, I should have packed enough link when the price was dead cheap, who knows it will blow up this much, if only we can see the future 😉,
I think many people will be among those who make fortune with defi project because right now it is the hottest trend in the market and everyone is trying to get a piece of the pie.

I was late to jump in and now I guess it would be riskier to jump at the moment though all of the popular defi platforms like chainlink, tezos, maker, compound, aave, synthetic network and almost all of defi still seems to be rising, the market has gone stangnant for most of other coins. They are heading towards a sharp correction and it would be better to buy them after they correct if you are going to invest them for long term.

Many people trying to buy token because DeFi hype now, it's too late IMO. Don't start to invest if you only invest on FOMO, you need do self analysis regarding the token, project vision, whitepaper, team, etc. There's so many deadcoin/shitcoin get massive pump after they use DeFi word as his project. The FOMO will not last longer like altcoin season (2017-2018) especially if Bitcoin will got dump to below $10,000... many altcoins will got dump too.

tl;dr Be careful if you only invest on FOMO

I made cool profit from ETH and BAND, still holding my ETH but sold 80% of my BAND. I was so lucky to get in BAND at 1$+, with determination to hold long term seeing the amazing project development. DEFI craze is on and many DEFI related coins are surging. Today YAM gained so much attention after tweet from Arthur Hayes, Bitmex CEO. The hype aspect making people to buy in when they see DEFI is what I detest, people should also look deep on what the project has to offer.

If I were you, I'd take the investment option in DeFis off the list of choices. Once something in crypto goes towards general hype and then into an incredible pump, it's time to say goodbye imo. Right now it's most likely all about the timing before they all start dropping and before you know it, FOMO suddenly turns into FUD.

Just take preventive measures and do not jump into a bowl of hype where you're already late. Whoever hopes the DeFi hype won't turn out into the same usual massive dump, best of luck to you. But I honestly believe chances are small that these coins will be able to sustain the current pumps.

hashtags dont work here buddy . are you highlighting defi ? or you are asking a general question . first off , defi  isnt the only thing that are on hyped but before defi boom, btc and eth already taking the lead  . so what is defi will be gone when there are btc and eth than can stay for more many long years . if your scared that your fortune will be gone by not selling , why not sell when you still have a chance .  you can always make a fortune here small or big

Prices were increased a lot for most of the cryptos in this 2020 but many people who sold their coins at the beginning of corona spread due to panic are the one lost their fortunes and who bought at that time made it.

Ride it while it last. But dont ever jump to every new tokens I can say that defi hype is really have a good impact on the market but who knows until this kind of hype will last. I am also being careful to some fomo, and only join those good tokens that are worth investing. I am more incline using trading and future contracts which is more efficient if you study it well.

Surely this hype will probably have an ending but lets hope many investors would not lose their money into more fomo.

Defi is definitely making a huge wave at the current today. Projects are starting to pop up claiming to be DeFi. Along with the hype comes with opportunistic people taking advantage of this. Need to be extra careful out there.

The idea of making a fortune is a dream that all of us are running toward, trying to make it realise and take place but the subject is just awkward to be discussed as the coins that you mentioned are having the same chance of soaring just like the others, why picking this specific list only? isn't there alot of other projects worth attention or you are just expecting to be rich from these only?
I really recommend you to dig for other projects, search for your fortune and next time just do an analysis, don't ask for peoples thoughts.

those are some very coins with great potential to make it big in the next bullrun. I have invested and some of them and I am hoping to gain substantial returns. There are some coins I didn't know of and I am trying to research them. If they have potential, I am sure gonna get some. Hopefully they're gonna pump.

I don't know much about the coins you say. But just knowing the coin, it increases every time. I tried to invest a little in the DeFi project, but I don't know if the project I chose is good or not. I hope when it comes to DeFi, chances are good.

Not everyone can resist the desire to sell when the coin increases in price by 30-50%. And I am not one of those who can calmly hold and wait for the goal of 100-200%. Usually, when the price increases by 10-20%, I am ready to sell such a coin.

I think that that's the best decision that has already taken by them all. In fact that so many people have been taking the same decision like them all. I think that we should remember when people sold their coin to buy at the deep price. Mostly they were shorting the market.

No one will hold the LINK from $ 0.1 so far, I bet they sold it all when it went up $ 1 or lower. I also held a lot of LINK in 2019 but quickly sold it for a small profit, it is too difficult to be patient when the profits have come to us

Exactly mate, too difficult to be patient enough to hold through to this day, anyone still holding link from ico to date have my altmost respect, I will probably have sold in $1 too because that is already a huge profit,  this is why it is not going to be easy to make millions from crypto when it 8s too difficult to hold for this type of opportunity.  Anyone still holding from ico, I congratulate them for they have achieve alot.

Best thing to do before jumping to this ride. DeFi already moving faster and if you'll going to jump now without doing your research the very chance that you'll missed the train and the next thing you'll noticed that everything is falling, better to be ready in anyhow. Go deep and find the things that made the coin very useful, the best reason to join and support any project is the offer from the team that will solve or add to this industry, without any future adoptions, everything will ends up as a speculative and made by hypes, very dangerous to your investment.

I will be the investor that didn't give even a damn about all of this defi talk. I can't believe people are so gullible that they think defi will make them rich, it is just another bubble that will burst very soon. Remember people last year when IEO was starting to pick up pace? There was over a billion dollars invested into all of that and you know what happened?

Well, if you really want to know just go out and check binance dex part and see all those IEO coins and how little the price are and how small the volume is right now, people gave up and they are not interested in IEO at all. Obviously this is going to end up the same, some people who are very early made some profit, but after a while it became like get rich quick scheme and now people will start to lose a ton of money with hopes of getting rich over night.

Defi has really given people lots of money this period. It really rescucitated alot in crypto and glad many took the opportunity to invest and enjoyed the maximum profit. Aside Defi coins some other coins really did marvelously this period we thought Coro will really spoil lots of things. Life is about risk, it may pay but fear leads to no where.

That is just the fact, many will make fortunes and many will lose theirs, and it all depends on the type of Defi projects invested in. People who will likely make fortunes from Defi will be those that took their time to research before investing while those likely to lose will be those running after Defi hype while throwing caution to the wind because scammers will soon start creating theirs. Defi hype is just too much and people should be careful of where they invest in especially those who believe the most gain can be gotten from newly listed Defi projects.

its a rhetoric question, but considering the trend of things now its fortune, because the current market trend is just like awaken of economic trauma, so more are expected to be made, but when making fortune also one need to be careful as regards to things so that will not loose more than what he/she earn.