I wouldnt say its the best time but its definitely one of those times where we take advantage of the situation to grow businesses that would fit the public. Sadly on the other hand, scammers see this as a massive oppurtunity to take advantage of people as well. Better to be cautious in whatever where doing i say, wether it be creating your own business or in investing on some new projects.
|
|
|
I wouldnt really count on crypto ratings. Most of them are too unreliable. There are some crypto ratings that are sponsored by some projects therefore giving them less of a reliability factor since ofcourse they have to give a positive review. Its safer to do your own research and not rely on these things too much.
|
|
|
I think most people approach crypto in the wrong way. With "get rich quick" approach.
If you come to crypto with such an attitude, you should never ever invest.
On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?
Examples: You get crypto as a token of gratitude after making donation to some project. (crowdfunding) or You are paid crypto as a bonus to your salary. or ... (any other examples come to your mind?)
Wouldn't the whole cryptoworld be way more healthy? What do you think about it?
I actually agree with the part that you shouldnt get into crypto if youre impatient and are looking for an easy cash because it wouldnt really be like that. But saying that you should completely blow the idea of investing and just get into it if you were getting it as a bonus, i wouldnt agree with it much. Tho its nice to recieve it as a token, its also great to invest on it as long as its your extra money, you wouldnt mind the long wait and if youve taken the ample amount of research about the currency before investing.
|
|
|
A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.
Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
You should be extra careful, as you said DeFi is hyping the public, thats enough to trigger scammers to using this to their advantage in reeling in their investors. Whered you get information of this new project?
|
|
|
I know this project ,they did initial exchange Offering some time ago, I think 2019 in probit exchange,the rate was around $1 but after then I lost knowledge about it, I think the best you should do is to carry out more research before you invest in it. And remember to invest what you can afford to loose.
Do you have any links where i can read about this project to know more about it? Do they have a telegram group, im new to this and was looking forward to atleast somewhere. Thanks.
|
|
|
I recently read about PayAccept having some kind of staking system active from 1st August - https://www.payaccept.net/pay-stakeI read about it a lot from Telegram groups where people join and share about this but I am not able to understand how does it work? I tried from that above link but did not understood. Anyone using it? Please tell me how does this work? I think its better for you to ask the admin of that telegram group. Im not familiar with that system, just ask the admin im sure they'd be happy to answer you.
|
|
|
1. Total Value Locked in DeFi will continue to raise and might reach X billion mark. ▪️"We'll see significant growth over the next year, both in terms of value locked in the DeFi smart contracts and user base" by DeFiprime ▪️"Total value locked up in Ethereum DeFi will surpass 1 billion dollars in 2020" by Outlier Ventures ▪️"Value locked in DeFi hits $5B" by Blockchain Capital ▪️"The DeFi sector will continue to grow. The amount of funds locked in DeFi will double at least" by CryptoRank
2. Significant competition to Ethereum will arise. ▪️"More cross-chain DeFi projects and at least 2 major public chains other than ETH will establish a noticeable DeFi eco, competing with ETH" by Ryan Tian ▪️"Ethereum still will be the #1 platform for DeFi projects. We'll see fully functional and trustless bridges from BTC to the ETH-based DeFi ecosystem. We'll see 10x attempts to build the DeFi ecosystem from scratch, both on old semi-dead blockchains from the past, and on newish VC founded" by DeFiprime
3. Interoperability will arrive in 2020 ▪️"Interoperability will arrive in 2020" by Roy Learner ▪️"We'll see significant progress with blockchains interoperability and the adoption of DEXes with assets swaps between more than one blockchain" by DeFiprime
4. We might see the fall of at least one DeFi project either because of regulations or volatility of the market and systematic risks of the collateral. ▪️"We'll see at least one project being slapped by regulators. It'll force other projects to switch from the team ruled somewhat-DeFi/CeFi to non-custodial/DAO-governed." by DeFiprime ▪️"There will be at least one major collapse of the current well-known project due to the volatility of the market and systematic risks of the collateral." by Ryan Tian
5. The amount of BTC locked in DeFi will significantly raise and might even outperform ETH ▪️"BTC will eclipse ETH as the primary value locked in DeFi" by Roy Learner ▪️"Don't bet against Bitcoin, and try to pull its value into DeFi machines" by Lex Substack
Any additional thoughts?
Credit: cryptodiffer
It would be nice if DeFi would really push through and not just stick with the hype. Im working for a DeFi project right now and would also love to see where this thing takes us. Im looking forward to it.
|
|
|
Scams are everywhere ever since, its not suppose to be new or surprising anymore. Tho i think most of the people who're around long enough can identify the scam a mile away.
|
|
|
Are you suggesting that countries will treat crypto currencies the same way as their national currencies? I dont get this, isnt the point of crypto currencies is to remain undetected and untraceable?
|
|
|
Someone got me into it. I thought it wouldnt be so bad since ill just be taking on projects and theyd pay me coins. Thought i wouldnt really be taking out real money but the return that atleast ill have these coins and it was just on my spare time. Tho im still trying to learn my way around it.
|
|
|
This is kinda refreshing to read. Some projects from two years ago still have next to nothing value coins, but some still rise their values even two years late.
|
|
|
I get this. A new crypto currency surfaces and creates headlines but it still wouldnt hurt to conduct your own sufficient research before jumping on to a project by DeFi. Tho youre not paying for coins, time is still valuable.
|
|
|
The fears are pretty standard for me since i just started here. New crypto-currencies are harder to verify since they just started, i tend to stick to currencies known to my friends first to be safe.
|
|
|
I have noticed many of the alts but ETH is truly a strong competitor in crypto market, over the past few days ETH is showing some great signs which means the price is pumping.
The price have also break new yearly high, eth is absolute gem for Investment. I am sure it is all set to break $300k barrier some interesting story is about to come in this crypto market, let's wait and watch...
I'm actually looking forward on this one. I switched to eth from bitcoin since i wont be able to feel the rising of the bitcoin due to the lack of invested funds. It just feels great that what little money invested feels like its growing since eth is cheaper than the bitcoin.
|
|
|
I'm kinda new on the trading community but ive stumbled upon a scene just about last week. There was a rapid rise on this token i was monitoring for about two years. It went up steeply for about 4 hours and then came crashing almost instantly. That same token was of almost no value for two years then it came rushing up. Im just saying that i think its the best time to invest if you can let it slide if you think youve lost something big. Nothing's sure when it comes to these tokens.
|
|
|
I was just thinking and imagining the bull run that happen toward the end of last year when the crypto market became a cake of enjoyment for everyone. The story is on the contrary now. I am wondering and disturbed that can it ever happen again? My wallet coins are reducing in value daily. I am not completely sure if it can happen again.... somehow I still have little believe it may. Do you think it will happen again?
Anything could happen, but a bull run like last year is far from happening let alone we have 1 month left to end this year. Would be better if we collect at the moment and bull run could prosper next year. Let's be hopeful and positive during this current market trend.
|
|
|
I wonder how long it will take to collect the entire amount?
I have no idea
|
|
|
It all started
Has anyone already invested? Not yet
|
|
|
It seems to me, or now ICO can be done with any idea?
This is true. But not every idea can collect money There is a huge amount of trash coins Yes, they are made just for the sake of fun
|
|
|
|