Title: I am curious about people's opinion of DeFi projects and coins Post by: Panxora_COO on August 31, 2020, 10:13:40 PM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi?
If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Mahanton on August 31, 2020, 10:18:03 PM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi? If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. Same as usual and its not really that revolutionary for these DeFi projects and this is just like what happened with ICO and IEO in the past and when those markets arent really making any profits or buzz then its anticipated that there would be always a new one would replace the spot and as of this year we are already talking about DeFi's. When it comes to investment suggestion then its up to you if you do go along with the ride or would simply skip out but there are actually people whom do made some risk and did really make out some profits but for long term aspect then im not really that expecting much. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: tippytoes on August 31, 2020, 10:23:58 PM Of course, I have heard of DeFi. Everyday you will see in the forum that a new DeFi-related project is launched. It maybe a game changer but I believe only few of them will survived as most of them are just money-grab projects. They are riding the hype and in a hurry to launch their so-called DeFi platform. In time, you will know how many of them will continue to serve the community. But I bet most of them, have very short lifespan. So if you are serious buyer of DeFi, you should really assess on each project and read between the lines if they are here only for money.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: tabas on August 31, 2020, 11:55:52 PM Not everything that's published on Forbes or any news media articles, you should trust them quickly. The Defi's are on the peak hype and they are pushing to the extent that they want to gain more investors and this is just part of the marketing.
Anyway, your link is broken. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: WalkerIVIV on September 01, 2020, 04:06:20 AM I have heard defi before and I do. You can see how much funds are getting locked in defi and it's always increasing too. I think that as long as people can be carefully to choose the legit defi and it will implode. Some people may still feel doubt about the possibility for this trend to be another ico bubble but we will see that.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Anonylz on September 01, 2020, 04:29:28 AM I think the verdict would be from the users of this decentralized finance platform if they find the services more useful and beneficial than the normal traditional financial system, it can only be considered disruptive if users find it more useful, but if this is only in theory without practice then it will only be seen as a hype no different than the ico's and ieo's, my own perception.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: SillyGirl on September 01, 2020, 07:59:22 AM I also found this article on WorldCoinIndex: https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000 (https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000)
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: leea-1334 on September 01, 2020, 09:04:02 AM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi? If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. Implode and destroy itself, maybe that is too harsh an assessment but I do not think it will disrupt anything now, it will change and make things easier in the future, but not before some massive hack or smart contract failure turns one big platform inside out. Nothing special about Defi. People lending other people money and earning interest is the gist. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: reliable on September 01, 2020, 11:00:39 AM Not everything that's published on Forbes or any news media articles, you should trust them quickly. The Defi's are on the peak hype and they are pushing to the extent that they want to gain more investors and this is just part of the marketing. Anyway, your link is broken. In recent time the prices of Defi coins has being on rise and rising very quickly. I am sure considering this many would be tempted to invest in it to become part of the rising prices and make some profits from it. But yes as you said can it be a part of marketing and in the end prices falls drastically from the top this is uncertain. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: blue Snow on September 01, 2020, 01:01:07 PM I also found this article on WorldCoinIndex: https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000 (https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000) If you get in and had received profit, let's take action to leave it quickly. don't be greedy and come to be euphoria. you have thought it back in the past (2017) how token like this come too fast pump and dump.Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: TeraBite on September 01, 2020, 01:36:03 PM Of course, I have heard of DeFi. Everyday you will see in the forum that a new DeFi-related project is launched. It maybe a game changer but I believe only few of them will survived as most of them are just money-grab projects. They are riding the hype and in a hurry to launch their so-called DeFi platform. In time, you will know how many of them will continue to serve the community. But I bet most of them, have very short lifespan. So if you are serious buyer of DeFi, you should really assess on each project and read between the lines if they are here only for money. Indeed only few of them are legit who have real people behind most of them just rushing towards this space and launching their projects to steal the money. At the there is FOMO everyone investing in all DEFI project without using his own brain to pick the right project to make secure his future. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: poodle63 on September 01, 2020, 01:58:08 PM The defi trend can disappear anytime and I think that you are missing the means of bubble and it's related to the trend that has already acquired by the defi. This trend has been making so many people FOMO to buy the defi coins and try to use the defi platforms.
The bubble can become even bigger when it can make a sustained growth but the opposite trend can happen to make the bubble will be burst and you can call this as the bearish trend for the defi coins or platforms. Just look at Y family coins and some of them have already dumped again and this day my friend is losing 50% of his investment caused by the bubble burst that happened on YFIS. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: tabas on September 01, 2020, 07:27:16 PM Not everything that's published on Forbes or any news media articles, you should trust them quickly. The Defi's are on the peak hype and they are pushing to the extent that they want to gain more investors and this is just part of the marketing. Anyway, your link is broken. In recent time the prices of Defi coins has being on rise and rising very quickly. I am sure considering this many would be tempted to invest in it to become part of the rising prices and make some profits from it. But yes as you said can it be a part of marketing and in the end prices falls drastically from the top this is uncertain. And they can think that it's also the same as the original defi that can also go up. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Sophia Portera on September 02, 2020, 08:41:20 AM I try to figure it out myself. I just read an article about DeFi and it concerns shown by Vitalik Buterin: https://www.worldcoinindex.com/news/ethereum-co-founder-vitalik-buterin-raises-concerns-on-the-latest-craze-around-yield-farming-in-the-defi-space (https://www.worldcoinindex.com/news/ethereum-co-founder-vitalik-buterin-raises-concerns-on-the-latest-craze-around-yield-farming-in-the-defi-space)
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Reatim on September 02, 2020, 09:17:42 AM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi? Truth?i have just heard of Defi Projects just months ago when Threads popping out in altcoin section talking about them and Boom the price went Up Moon just in a Bit.If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. How i hope this is reality,this is truly a good way to make profit in this market. I think the verdict would be from the users of this decentralized finance platform if they find the services more useful and beneficial than the normal traditional financial system, it can only be considered disruptive if users find it more useful, but if this is only in theory without practice then it will only be seen as a hype no different than the ico's and ieo's, my own perception. And this is what i am afraid of that we are entering another 2018 Altcoin Hype and Money mostly wasted as the whales that supports the project took the money just like that.Not everything that's published on Forbes or any news media articles, you should trust them quickly. The Defi's are on the peak hype and they are pushing to the extent that they want to gain more investors and this is just part of the marketing. Just let it be mate because This is gaining Media attention now so surely the bringing of many news from different platform and sites will be indeed.Anyway, your link is broken. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Crypto_lion on September 02, 2020, 12:08:18 PM I have already expressed my opinion that defi and the current staking returns offered are unsustainable in the long run and many investors are gonna burn their hands.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Pasutinmeur on September 02, 2020, 01:49:54 PM The defi project is just like a time bomb that can explode anytime. So many investors have already faced big loses from some defi. This time I have been watching there was a defi called yuno has rugged the liquidity on its pool.
The bubble will be burst as soon as possible. CZ has created a very important awareness for the defi especially the new defi that was offering a super high yield farming for the stakers. The defi itself just like a money grabber and it will destroy itself soon. I remember someone said 1 or more defi developer = thousand bankers. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Captain Corporate on September 02, 2020, 02:02:57 PM Unfortunately I do not believe in any of them, they are all bunch of scams if you ask me. Sure some of them got lucky and got a funding and they are looking like they are working right now, but this is a hype and that hype will eventually end, when that ends what do you think people will do? Do you think that even the most successfull one will continue to be awesome forever? Believe me they are no bitcoin, even the biggest one will get that hype died down and at that moment they will be all a big nothing. And all of those billions of dollars funding these projects will be gone, obviously making the creators super rich while making the investors poorer. I hope that people will realize this quicker so that they could find their way out of it. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: shadowduck on September 02, 2020, 03:58:00 PM I have already expressed my opinion that defi and the current staking returns offered are unsustainable in the long run and many investors are gonna burn their hands. just don't invest all your money in one Defi coin. Split the risks and leave 50 percent of your deposit in bitcoin and then you will not lose your money, but earnTitle: Re: I am curious about people's opinion of DeFi projects and coins Post by: Perfect35 on September 02, 2020, 11:50:36 PM I have already expressed my opinion that defi and the current staking returns offered are unsustainable in the long run and many investors are gonna burn their hands. just don't invest all your money in one Defi coin. Split the risks and leave 50 percent of your deposit in bitcoin and then you will not lose your money, but earnAnother very good option now is Ethreum. Ethereum yesterday reached an all time high since the beginning of 2020 till now. It's a very promising coin, which can be an alternative d better investment when compared with lots of Dedi projects. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: TimeTeller on September 02, 2020, 11:58:36 PM I have already expressed my opinion that defi and the current staking returns offered are unsustainable in the long run and many investors are gonna burn their hands. just don't invest all your money in one Defi coin. Split the risks and leave 50 percent of your deposit in bitcoin and then you will not lose your money, but earnAnother very good option now is Ethreum. Ethereum yesterday reached an all time high since the beginning of 2020 till now. It's a very promising coin, which can be an alternative d better investment when compared with lots of Dedi projects. ETH alone is a very promising cryptocurrency to invest with. But talking about DeFis, only few of them will emerge to be successful in implementing their business. And right now, it is on hype and very hard to determine which one is authentic among them. You need to dig deeper about their portfolio before buying one in uniswap. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: tabas on September 03, 2020, 09:38:06 PM Not everything that's published on Forbes or any news media articles, you should trust them quickly. The Defi's are on the peak hype and they are pushing to the extent that they want to gain more investors and this is just part of the marketing. Just let it be mate because This is gaining Media attention now so surely the bringing of many news from different platform and sites will be indeed.Anyway, your link is broken. The hype investors will be gone for a while and will turn back again if the market shows resiliency which is an absolute and happening as usual. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: MCobian on September 03, 2020, 09:59:56 PM In my opinion, there is nothing special about DeFi projects, because it is the same as ICO / IEO projects. Where now DeFi projects
look profitable, because of the hype. It was the same when the ICO project was hype in 2017/2018, eventually the ICO project was no longer profitable. And I am sure this will happen to DeFi projects, therefore always be careful when investing in DeFi projects. Because there is no guarantee that DeFi projects will be profitable in the long term. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: shoreno on September 03, 2020, 11:13:24 PM idk if disrupt is the right word to use because defi is also related to financial or can solve financial problems . we can also say that defi can help or can act as an alternative to the local financial industry . the only downside is that there so many projects on this space and not all of them can be trusted . with the massive hype that defi got , no wonder why it cant be included on forbes . add in that defi coin which already surpass the value of bitcoin , that makes the headlines hot for the defi .
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: TGD on September 04, 2020, 03:05:23 PM I have already expressed my opinion that defi and the current staking returns offered are unsustainable in the long run and many investors are gonna burn their hands. just don't invest all your money in one Defi coin. Split the risks and leave 50 percent of your deposit in bitcoin and then you will not lose your money, but earnTitle: Re: I am curious about people's opinion of DeFi projects and coins Post by: cepot9 on September 05, 2020, 08:49:31 AM Every time there is a new innovation I feel that everything is very good but because there are a lot of dirty people, they managed to take advantage of this moment so that many DeFi projects were born that were of no benefit like the popular ICO time. DeFi currently only takes really expensive shipping costs.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Fredomago on September 05, 2020, 09:00:18 AM Every time there is a new innovation I feel that everything is very good but because there are a lot of dirty people, they managed to take advantage of this moment so that many DeFi projects were born that were of no benefit like the popular ICO time. DeFi currently only takes really expensive shipping costs. That ideas coming from those opportunist people who loves riding with hypes, there are projects that just incorporate themselves to DeFi, only to take advantage from people who really don't understand the system. Those who take the risk thinking that the hypes will bring them real good benefits. Only to realized that they are already being victimized by scammers who runaway with their money. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: sayulita on September 05, 2020, 09:29:11 AM realized that they are already being victimized by scammers who runaway with their money. Lot more scams are going on inside the cryptocurrency industry, like the ones that were going on in the era of ICO hype where the project used to raise millions of dollars in ICO and then was never to be seen with either a working copy of the project or else on any exchange too. The same thing is happening now, on a daily basis lots of DeFi project are coming which are almost identical of its predecessors in the source code with only a few alterations like the name and ticker and people still buy these tokens because of the greed and the opportunity to make a quick buck from these coins.Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: GatotKaca on September 05, 2020, 12:28:25 PM something different, of course between regular coins and coin defi advantages that cannot be compensated for so investors prefer to trade on coin defi now and it is proven that the defi coin price many pumps high many times
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Dollar_Hunter on September 05, 2020, 08:10:15 PM something different, of course between regular coins and coin defi advantages that cannot be compensated for so investors prefer to trade on coin defi now and it is proven that the defi coin price many pumps high many times in the Defi project a lot of locked coins, this is good for the development of their altcoin price, and look what happens is an increase in the price, I think this will be a great future Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: dunfida on September 05, 2020, 10:12:52 PM Every time there is a new innovation I feel that everything is very good but because there are a lot of dirty people, they managed to take advantage of this moment so that many DeFi projects were born that were of no benefit like the popular ICO time. DeFi currently only takes really expensive shipping costs. That ideas coming from those opportunist people who loves riding with hypes, there are projects that just incorporate themselves to DeFi, only to take advantage from people who really don't understand the system. Those who take the risk thinking that the hypes will bring them real good benefits. Only to realized that they are already being victimized by scammers who runaway with their money. where it isnt really really surprising that we would see lots of those so called opportunist to go along and do take advantage while its still hot. Lots of noob investors will just jump in without even noticing that they are already dealing with fraud or projects that doesnt really deserve to be supported.Im not generalizing all of them but 5% would be considered legit nor does really have that actual usage or relevance and the rest are just trash. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: hulla on September 05, 2020, 10:31:18 PM Every time there is a new innovation I feel that everything is very good but because there are a lot of dirty people, they managed to take advantage of this moment so that many DeFi projects were born that were of no benefit like the popular ICO time. DeFi currently only takes really expensive shipping costs. Honestly, Defi dont only take expensive shipping costs as you said cause the price are justify due to the potential and the opportunity Defi create huge benefit that traditional finance can not give and this is the main reason people rush into it. However, the best way not to be victim of scam Defi project is to invest in those already listed on top exchange site.Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Beparanf on September 05, 2020, 11:58:57 PM something different, of course between regular coins and coin defi advantages that cannot be compensated for so investors prefer to trade on coin defi now and it is proven that the defi coin price many pumps high many times DeFi Projects can pump in prices but doesn't mean they are a good project, this what hype creates even in ICO before as long as they were call DEFI projects some were still support it without studying that makes them in loss once the coins starts to get lost in price. Unlike some top altcoins that can still recover in time despite the loss, some DeFi may just be another shitcoins once they reach some amount and been dump. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: qwizzie on September 06, 2020, 07:06:07 AM We have tokens and we have coins, each with their own marketcap listing. Please don't ask about coins when you actually mean tokens.
https://coinmarketcap.com/coins/ https://coinmarketcap.com/tokens/ (within tokens you also have DeFi tokens : https://coinmarketcap.com/defi/ Tokens take place on one specific blockchain (mostly Ethereum) and depend on the fees and on the security of that one blockchain. Coins each have their own blockchain, their own network security and their own fees. Tokens have one major disadvantage, they all have a single point of failure access point as they all rely on one single (out of their control) blockchain. If that blockchain is congested and its fees are high, the users will get to pay the price. They will most likely end up getting stuck on that blockchain. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Anish02 on September 06, 2020, 06:00:37 PM something different, of course between regular coins and coin defi advantages that cannot be compensated for so investors prefer to trade on coin defi now and it is proven that the defi coin price many pumps high many times DeFi Projects can pump in prices but doesn't mean they are a good project, this what hype creates even in ICO before as long as they were call DEFI projects some were still support it without studying that makes them in loss once the coins starts to get lost in price. Unlike some top altcoins that can still recover in time despite the loss, some DeFi may just be another shitcoins once they reach some amount and been dump. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: cheezcarls on September 06, 2020, 06:36:01 PM Recently, a good friend of mine from another city reached out to me inquiring about DeFi and wanting my advice. I just simply tell him not to jump in immediately to invest in DeFi project or coin and start doing his own research by searching on Google, Youtube or right here on Bitcointalk.
It's all about learning the mistakes from the past regarding our immediate decision to jump in rather than researching that coin or project first. And not only that, when circumstances happen, we must be fully equipped with risk management. It's all about preparing our mind when things go downward, and to only invest what we can afford losing. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: crzy on September 06, 2020, 10:16:31 PM There’s a good opportunity for a DeFi project but I don’t think they’ll replace any institutions because people still believe on fiat money and of course, this is not bitcoin. Well, the hype is still here and so many scam DeFi and if this continues it will just like an ICO and became unpopular later on.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: monineklutak on September 06, 2020, 11:27:46 PM There’s a good opportunity for a DeFi project but I don’t think they’ll replace any institutions because people still believe on fiat money and of course, this is not bitcoin. Well, the hype is still here and so many scam DeFi and if this continues it will just like an ICO and became unpopular later on. Defi is different from ICOs, it's just that now many new ICOs use Defi as their success tool, and this makes Defi a scam project, but if you follow a big project like Defi on Ethereum or EOS, you will not be hit by a scammer. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Chainsmokers on September 07, 2020, 10:43:19 AM the development of defi is very rapid an increase of up to many times is a concern of crypto users including me many are waiting for the next project defi
and I hope it will give a lot of profit so that crypto is more advanced in the eyes of the world Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: leea-1334 on September 07, 2020, 11:11:48 AM Recently, a good friend of mine from another city reached out to me inquiring about DeFi and wanting my advice. I just simply tell him not to jump in immediately to invest in DeFi project or coin and start doing his own research by searching on Google, Youtube or right here on Bitcointalk. It's all about learning the mistakes from the past regarding our immediate decision to jump in rather than researching that coin or project first. And not only that, when circumstances happen, we must be fully equipped with risk management. It's all about preparing our mind when things go downward, and to only invest what we can afford losing. Problem is if you search on youtube especially (and anyway most Google search results) you are going to watch some video form some influencer telling you some crazy stories of profit. Then you are off spending your hard earned money to invest. Just be careful and consider this a gamble, every deposit consider a loss. Then you are fine. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Shasha80 on September 07, 2020, 12:04:09 PM Of course I often hear DeFi, especially in 2020 there will be hype for all DeFi projects, surely the news has spread everywhere.
Especially on websites that cover business and the economy, and related articles in Forbes should make DeFi more popular. And I believe investing in DeFi projects can provide a very big return, and there must be many people who think like me. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: TWW on September 07, 2020, 01:51:37 PM Of course I often hear DeFi, especially in 2020 there will be hype for all DeFi projects, surely the news has spread everywhere. this year has left a few more quarters. And I think Defi could be a trend until next year if there weren't too many scam projects published in the market. it could affect and it might be quicker to collapse.Especially on websites that cover business and the economy, and related articles in Forbes should make DeFi more popular. And I believe investing in DeFi projects can provide a very big return, and there must be many people who think like me. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: posi on September 07, 2020, 02:34:42 PM Of course I often hear DeFi, especially in 2020 there will be hype for all DeFi projects, surely the news has spread everywhere. this year has left a few more quarters. And I think Defi could be a trend until next year if there weren't too many scam projects published in the market. it could affect and it might be quicker to collapse.Especially on websites that cover business and the economy, and related articles in Forbes should make DeFi more popular. And I believe investing in DeFi projects can provide a very big return, and there must be many people who think like me. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: glowing10 on September 07, 2020, 04:09:41 PM Of course I often hear DeFi, especially in 2020 there will be hype for all DeFi projects, surely the news has spread everywhere. this year has left a few more quarters. And I think Defi could be a trend until next year if there weren't too many scam projects published in the market. it could affect and it might be quicker to collapse.Especially on websites that cover business and the economy, and related articles in Forbes should make DeFi more popular. And I believe investing in DeFi projects can provide a very big return, and there must be many people who think like me. Before this year end only you will see the coins, which are not worth it or just in hype those rose will crumble and fall badly. It’s not going to be long and many of them which has rose too much in last month or so without any major reason will have its falls too. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: asriloni on September 07, 2020, 04:27:31 PM I have heard the defi but as I have predicted before and this defi was the same like the defi hype. All of defi coins especially that used the name of yearn as a part of its name have already plunged to the bottom.
It's very bad to see that but this is how the bubble works today when everything was getting pumped and then dumped again. Defi hype just like a timebomb that none know when it will be explode and so many investors will be trapped. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: cassavachips on September 07, 2020, 04:38:46 PM For now there is not enough time to assess, It takes enough time to find out such as ICO, IEO and others. Currently DeFi is quite attractive to the public and also many who invest, but several projects also show that they are a scam. So it's like the first year when the ICO appeared, many projects were committing scam.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: 7788bitcoin on September 07, 2020, 05:50:10 PM For now there is not enough time to assess, It takes enough time to find out such as ICO, IEO and others. Currently DeFi is quite attractive to the public and also many who invest, but several projects also show that they are a scam. So it's like the first year when the ICO appeared, many projects were committing scam. As long as the cryptocurrency market is not strictly regulated you could expect scammers taking advantage of the market, even in a regulated market you will find scammers gaming the system and scamming and when you have a market when there is nothing you should be careful with the way in which you invest your money as it is hard to understand whether the team behind the project are genuine and whether they will fulfill the promise. There is no doubt that the trend is DeFi and if you are not careful you will burn your investment. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Smitty Werben Man Jensen on September 07, 2020, 11:25:49 PM Before this year end only you will see the coins, which are not worth it or just in hype those rose will crumble and fall badly. It’s not going to be long and many of them which has rose too much in last month or so without any major reason will have its falls too. altcoin season is still not coming, maybe 2021, we will see the most exciting things again Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: DU18 on September 08, 2020, 07:31:17 PM Now it looks like investors are starting to shift their investment into projects that do use the defi system, and of course this is very reasonable because a few months after the defi system was introduced, many alt coins that were incorporated in the defi system experienced a quite fantastic price increase, and even jumped almost 300% of the price Listing of coins such as YFI coin (yearn finance) which currently has great popularity and even beats the popularity of bitcoin in the market, but it looks like defi is a temporary hype that happens like other altcoins that bubble and in some times the bubble / hype will disappear so the price will fall back down in the future.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Renampun on September 08, 2020, 09:48:14 PM for me DeFi is a good project and has great potential...
but I do not like the DeFi project which only manipulates market prices to their advantage. like yfi which has unreasonable value and is most likely riddled with price manipulation. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Stedsm on September 08, 2020, 10:43:28 PM Decentralized finance is as good as dark coins like XMR and Dash, but those dark coins have been holding very tight in a specific range. I can understand that in order to disrupt the so-called traditional financing systems, this DeFi niche needs to take a strong spike, not just in terms of price alone but delivering their promises through their projects. How can a project that was abandoned by its dev still be in the game and still 2x from its all time low? Maybe because investors have faith in the new dev who took over the project. What I'll be doing now, is just wait and watch how this "helping hand" theory plays out in DeFi. I'm also quite surprised to see some projects which were named meme projects that popped up after YFI was a success. I wonder how people even took that to over 3 BTC a coin when their devs clearly said that they didn't make this token with a purpose to give it a value as it's a valueless token.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: bitcon on October 14, 2020, 09:24:23 PM for me DeFi is a good project and has great potential... but I do not like the DeFi project which only manipulates market prices to their advantage. like yfi which has unreasonable value and is most likely riddled with price manipulation. Not all DeFi projects can be trusted. Many of them are a scam. If you choose projects for long-term investment, then you should give preference to those ones that are supported by a standing and finished product or which is based on DeFi technology, and not pharming. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: aemma on December 23, 2020, 05:01:17 PM Yes I have heard a lot about Defi and in as much as many will think it has a revolutionary idea, I however think that it needs more work and growth to be a seen as a revolutionary ecosystem. Sometimes, what's happening in Defi projects has also being seen in the ICO projects, wherein there were a lot of exit scam and nowadays, a good number of them are being hacked. Also, about disrupting the already existing financial system; I think it will be difficult to be achieved because only few of them are really working towards it, others are just for hype, and some are not secure enough hence the hacks witnessed within them.
Nevertheless, irrespective of the unfriendly experiences in DeFi, it is also good to know that just like the ICO era, it also brought a lot of attention to the crypto space hence if more work is done by the few good DeFi projects, a new rate of growth will be experienced. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Drahzar on January 05, 2021, 08:26:49 PM i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: edandrada on January 05, 2021, 09:37:53 PM they will be the finisher of this bull marekt. most of this defi project and exchange is scam.
be aware of scam. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: TimeTeller on January 05, 2021, 09:43:45 PM Yes I have heard a lot about Defi and in as much as many will think it has a revolutionary idea, I however think that it needs more work and growth to be a seen as a revolutionary ecosystem. Sometimes, what's happening in Defi projects has also being seen in the ICO projects, wherein there were a lot of exit scam and nowadays, a good number of them are being hacked. Also, about disrupting the already existing financial system; I think it will be difficult to be achieved because only few of them are really working towards it, others are just for hype, and some are not secure enough hence the hacks witnessed within them. Nevertheless, irrespective of the unfriendly experiences in DeFi, it is also good to know that just like the ICO era, it also brought a lot of attention to the crypto space hence if more work is done by the few good DeFi projects, a new rate of growth will be experienced. If you will study DeFi platform, they really do have good mission. But since it is proliferated by scammers, this platform becomes a headache for most investors. If they will truly implement the goals of DeFi, I believe a lot of users will get benefit from it. But sadly, only few of them have legit intentions. And it is hard to tell at the early stages of the project. Usually, it is in the end phase of the project that you know they are about to abandon or run away. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Indiana1990 on January 05, 2021, 10:13:32 PM i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and especially interested in credible dex-esTitle: Re: I am curious about people's opinion of DeFi projects and coins Post by: Chainsmokers on January 05, 2021, 11:42:14 PM in my eyes defi is one good alternative to invest if we are smart to choose and don't invest in long-term defi as it is too risky defi project can only be used as a short term investment when has doubled the profit sell and looking for another defi project
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Drahzar on January 06, 2021, 02:06:02 AM i think defi is much more credible concept than IEO/ICO previously, - here even when we see a huge hype, we understand that there's a strong financial model/technical base/strategic roadmap under this particular token. i believe defi isn't a real hype more like stable concept which will have a huge impact on a crypto market also believe defi is a new concept, it will change the market. i invest in defi even in long term strategy, and especially interested in credible dex-esTitle: Re: I am curious about people's opinion of DeFi projects and coins Post by: btc78 on January 06, 2021, 05:12:56 AM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi? DEFI reaching everything that they need to have access , Forbes does not Prove them being adopted by Masses instead a Paid organization in which can be manipulated with the use of Good amount od money .If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. DEFI has been in the market but what happen in their Bull running months ago. in my eyes defi is one good alternative to invest if we are smart to choose and don't invest in long-term defi as it is too risky defi project can only be used as a short term investment when has doubled the profit sell and looking for another defi project Yeah one good alternative to invest in PUMP and DUMP strategy ,and if you Got unlucky then your funds is Goodble.Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: FrozenBit on January 06, 2021, 05:32:38 AM I found this article in Forbes (http://"https://www.forbes.com/sites/forbestechcouncil/2020/08/28/how-defi-is-reinventing-the-worlds-financial-system/") over the weekend and it got me to thinking: If we are seeing articles in Forbes that means Decentralised Finance is reaching the eyes and ears of the masses. Question: Have you heard of DeFi? I also always questioned myself that it was created instead? dose that right? Basically, between DeFi and CeFi, it has its own good and bad points, so what we want with the current financial system. So i think there will be irreplaceable that between DeFi and cefi will combine to bring people the best services and products.If you have heard of DeFi, do you think its going to disrupt the multi-trillion dollar financial service industry or do you think its going to implode and destroy itself? Or do you think something in between those two polar opposites. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Elite70 on February 26, 2021, 04:40:17 AM DeFi are so popular and in demand right now,why? Because more people are earning through staging and farming defi tokens and they're really gaining great returns from it. Just like me, I already farming XGT/xDAI on xdai chain and on Honeyswap. Very low gas fee with less than $0.01 /TX. check it here.
Xion.finance/farm https://info.honeyswap.org/pair/0xB2B15DaE735e52CA0902824570Bd2458d78672f8 Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Arkann on February 26, 2021, 02:28:05 PM I take DeFi Yield Protocol projects very seriously as well as Kingswap. Of course, only $ DYP has performed well to date, as my capital has increased two and a half times thanks to the investment, but with regard to Kingswap, I am still pending the project.
Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: JNR on February 26, 2021, 10:39:31 PM they will be the finisher of this bull marekt. most of this defi project and exchange is scam. be aware of scam. indeed, thats why if we want to make a good profit, we should think about risk and try to ignore unknown defi project wich mean invest only in the real defi project with serious dev team my friend Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: tippytoes on February 26, 2021, 11:21:42 PM they will be the finisher of this bull marekt. most of this defi project and exchange is scam. be aware of scam. indeed, thats why if we want to make a good profit, we should think about risk and try to ignore unknown defi project wich mean invest only in the real defi project with serious dev team my friend Or better yet, ignore the Defi market at all and invest in btc or eth, at least you know, these projects are real. You can only count in your fingers those real DeFi projects and you need to study them first. Most DeFis are in beta, just look for DeFi project that is already up and working. As many of them have already exited, it just demonstrates that DeFi hype is now slowing down and we are seeing the true color of this hype. So if you want to go into defi, maybe just go for real project like LINK or UNI. Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Clement Kaliyar on February 26, 2021, 11:57:01 PM Basically, between DeFi and CeFi, it has its own good and bad points, so what we want with the current financial system. So i think there will be irreplaceable that between DeFi and cefi will combine to bring people the best services and products. I am always confused with these new Jargon, what is CeFi. I am yet to identify what special package these DeFi is giving where the centralized financial system is not providing. All i can see is high interest loans and everyone thanking the DeFi platform for that, i can get better deals with government and other centralized loans. May be in the future we might see some changes but now i am still confused with the implications other than just jargon .Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: Vinaa77 on February 27, 2021, 02:47:47 AM I like DeFi because we can get passive profit investing in these altcoins. The return given is high depending on which altcoin you choose to choose. maybe for people who don't really know what DeFi is, I will give a review
https://www.coindesk.com/what-is-defi (https://www.coindesk.com/what-is-defi) But behind that there are still conflicts regarding DeFi because many complain when following Liquidity the transaction fees are higher than the result Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: avarnet on February 27, 2021, 08:32:01 AM I like DeFi because we can get passive profit investing in these altcoins. The return given is high depending on which altcoin you choose to choose. maybe for people who don't really know what DeFi is, I will give a review If we are interested in the liquidity in DeFi, it requires a lot of capital. because once we add to Uniswap the transaction fee we pay is high. and true as you say. many are not interested if the liquidity level is already high due to the fees and capital that must be spent on a large amount. but on the other hand, we cannot deny that DeFi is currently what many people are interested inhttps://www.coindesk.com/what-is-defi (https://www.coindesk.com/what-is-defi) But behind that there are still conflicts regarding DeFi because many complain when following Liquidity the transaction fees are higher than the result Title: Re: I am curious about people's opinion of DeFi projects and coins Post by: RealMalatesta on February 27, 2021, 08:07:09 PM Coins are currently included in the most defi project in the market almost all the projects are running under the defi name and many of these tokens have been very lucrative since they came to the new market. I also chose to invest but stopped trading because the fee was too high at first their condition was good but later they were scammed due to low quality most of the exchange sites are locked but many traders are more confident in defi projects. The reason why those defi projects became so much better than the other ones and why it has been profitable is the fact that regular coins before the defi project were all ruled by a team, and even if there is a team right now they do not have any control or power, hell there is "governance" tokens that basically leaves all the rights to the token holders as well, if the team holds most of the tokens they are still running it so it is not decentralized but if they don't? They are basically giving the people who are making the decisions.Long story short I do not think that it is a hype, it is not some bull run, it is totally a permanent change where regular tokens without any decentralization at all will be gone and people will not use them except maybe a few of them, because that should how crypto should have been anyway, it should have been decentralized from the start. |