It's true that many called BTC scam in the past, but many got to realize they missed a huge investment opportunity. However this does not apply to ICOs generally since obviously most are scams (moneygrabs for selfish interests of developers). Some ICOs are legit but sometimes it's difficult to know which is not scam. In the case of IEO, anyone saying its scam didn't participate in IEO from a trustworthy exchange with high reputation. Also, presently too many new DEFI projects do token sales on their website, and hence those who get scammed via this means will regard DEFI as scam, which does not make any sense.

It's an illusion to even think that there will come a time when there'll be one universal cryptocurrency used worldwide, or to think crypto will ever replace FIAT. Let's assume there is going to be a currency used universally worldwide, it's never going to be any existing cryptocurrency. The world powers understand the risk involved in doing such, hence I doubt if it will ever be obtainable.

It's not a surprise that emporium.finance project scammed , even so many projects looking so cool from onset still scam hence the reason why we should be extremely careful what we invest in and what we promote. Sometimes many crypto enthusiasts ignorantly invest in and promote scam projects, even after doing some level of research. I always try to verify if team is real and never invest in or promote projects with anonymous team nowadays to avoid regrets.

I expected to see some write up about "DEFI Token gains outperforming Bitcoin" as seen on the topic, but the body just highlights BTC new highs. When comparing alts with BTC, you should consider a longer time frame and obviously BTC gains outperforms DEFI gains by far over longer time frame. Nobody knows when the DEFI hype will completely die down for a new trend to sprout.

Aside using Bitpay or coinspayment to directly convert crypto to FIAT when paying for services like restaurant and hotel due to crypto volatility, I think stable coins like USDT, USDC, BUSD etc fit in this description. Well, I'm yet to pay with crypto in fast food or restaurant but I've come across articles talking about restaurants where it's acceptable. Will be really cool 😎 to try it out.

Two things are involved here, it's either there was a flash crash in price leading to massive dump and immediate recovery or the app is scam. But even if there was a flash dump/crash, it should have reflected on the chart, not otherwise. By the way, I checked the app you used and its obviously untrusted. Let's be mindful of the trading platforms we use.

Greed is a very crucial factor which must be controlled to become a successful trader. When I started trading newly, I used to set very high targets which hardly get achieved. Sometimes I see above 100% profit but greed won't allow me take profit, I'll be waiting for more profit but at the end of the day I end up selling for smaller profit or even at loss. I learnt the hard way and now I'm thankful to be a good trader. Aside greed, we should always know when to leave a trade, whether in profit or at loss. This is the more reason why I use OCO (order cancel order), whereby I set my sell target and stop loss.

DEFI has awesome impact in revamping finance sector, but it's never going to replace centralized finance. Saying DEFI will replace CEFI is just like saying crypto will replace FIAT. Both DEFI and centralized finance will co-exist. We still have a long way to go for DEFI to go mainstream, since there are still security concerns to be tackled. For instance, DEFI platforms offering flash loans and staking keep getting hacked here and there. It's one of the areas DEFI projects needs to improve on.

UNISWAP has some similarities with etherdelta being a DEX, but there are very clear differences. For etherdelta, there is nothing like adding liquidity to a pair, but uniswap has that feature. Also, for uniswap you can swap directly in your wallet, however etherdelta requires transfer of funds to etherdelta before trading and withdrawal of funds after trading even though you can connect easily with metamask, just like uniswap. Another difference is that Uniswap doesn't display order book, like etherdelta.

How is DEFI losing, you are getting it twisted? The coins you mentioned are awesome, but don't forget that ETH blockchain birthed many DEFI projects. Actually the DEFI hype doesn't cause FOMO like when the trend started, but many DEFI projects are doing great. Some DEFI coins like DMG and OM which dipped so badly, I took some risk to buy the dips after seeing some upcoming news and made huge profit. Also SUSHI gave cool profit lately, but I missed the train. Someone already recommended YFI, LINK, CRV, etc I think you should go to DEFI section on Coinmarketcap and do some personal research on top DEFI projects, ranked according to market cap.

Yes that's true, but cobinhood already folded up due to team internal issues and probably funding issues. An exchange needs trading fees for sustainability, so that they can pay workers, employ more workers when need be, carry out upgrades etc. They can't depend entirely on listing fees, what if new projects hardly list on the exchange, it eventually folds.

Sometimes I get paranoid waiting for blocks to finish syncing on desktop wallet, windows precisely. It's true that most crypto enthusiasts use mobile wallets more often, compared to desktop wallet. This year, I've used desktop wallets for transactions just very few times, but I often use mobile wallet precisely trust wallet. Any project without mobile wallet, not really my thing.

If IEO was the very first crowdfunding pattern, maybe by now a newer kind of crowdfunding would have been enacted. However, IEO done on reputable exchanges has instilled great trust in investors and most crypto enthusiasts are comfortable with it. Even after IEO, we all saw a newer strategy by name IMO (Initial Model Offering) which failed wholefully. Unlike IEO which releases user funds after launchpad event, the IMO model releases investors coins bit by bit, across a year and also there are series of IMO sales for a particular coin even when it's trading. That aside, maybe a newer model similar to Bounce.finance which works in a decentralized fashion would have been enacted too, or maybe a better option.

Actually if something doesn't work for you or stop being profitable, it's wise to switch to a new option. Investing in top altcoins especially the ones mentioned by OP isn't a bad idea, but getting good entries is important. Well, presently some of the top altcoins are still undervalued in my opinion. However, this doesn't mean he might not regret selling his old rigs for altcoins, since anything can happen in crypto market.

Scammers keep cloning metamask and other crypto websites, and even creating fake apps for crypto projects. This is the more reason why I bookmark official websites that I use often, I don't click random links. It's very important to be keen and crosscheck thoroughly any website or app we download, to avoid hack. The fakes like meramask.io can be spotted easily if you check properly before clicking, however sometimes scammers play on our intelligence by replacing capital i (I) with small L (l), in this case both look similar but different when applied to  domain names. OP thanks for pointing this out, at least it will create more awareness for safety.

You mentioned clearly the advantage of KYC, because without it, retrieving hack accounts won't be easy. A friend was able to retrieve her account after 3 weeks on Binance because it was KYC verified. A video verification was made to ensure the rightful owner will be in control of the account, she was asked to hold required documents during the video verification to crosscheck with the ones uploaded in the system. KYC is cool for those who have large amount of funds on centralized exchanges. KYC should never be mandatory for those who trade with smaller funds, say below 1BTC. If KYC becomes a requisite before trading, then more and more people will adopt DEX, since some people won't want to share their ID.

It's true that ETH gas fee is higher than some other blockchains like TRON and Binance chain, but there is still hope that it can be reduced in future. Nobody imagined staking with ETH, when the algorithm was POW. So too let's be patient and hope for the best.

Like seriously? CEX for safety of your investments? I think you are talking the opposite. Remember you are never in total control of your funds when it comes to centralized exchanges and CEX are prone to hacks, but for DEX like UNISWAP, your funds will be in your possession while you carry out swaps. Decentralized exchanges achieved huge milestones this year, the major propeller was Uniswap. Uniswap's large trading volumes and liquidity shows a lot of interest was drifted towards it, many other DEX which cloned Uniswap are fast rising even on other blockchains like TRON and BSC.

Bitcoin is already a gem, it's not "going to be". Over the years, the gains gotten from Bitcoin investment surpasses most investments. I think the phrase "next gem" should be used when talking about a prospective altcoin, not BTC. I will personally hold some of my BTC for many more years, provided no tragedy comes up in future. I think those investing in BTC presently are not even late, more greater heights to be achieved even though there will surely be ups and downs in between.

Are you sure you understood the topic? The coins you mentioned are far from fastest coins, you even included BTC which right now is among the slowest with regards speed of transaction. You didn't include TRX, NEO, XLM (just to mention a few from personal experience ) which are very fast comparatively. ETH you included isn't fast enough , even though we are hoping soon speed of transaction will increase for ETH with the ongoing developments. I think the slow speed of some transaction for some coins is influenced by number of users onchain.