ask about DeFi this year

[bangdol]

Defi is another game charger and most people are going into Defi this days. Should I say every July and NS August often turn out good for traders and bounty hunters.middle of the year is usually good I must say. But scammers are really going I to defi through some pump and dump exchanges that has no payment for listing. People are listing coins there always in the name of Defi. This space ehh.

be careful with projects like that. Scammers are everywhere. we will only believe in projects with clear exchanges with the support of other large platforms. don't even think those who are new with small exchanges can get full market support.

[rahmatullah9305]

be careful with projects like that. Scammers are everywhere. we will only believe in projects with clear exchanges with the support of other large platforms. don't even think those who are new with small exchanges can get full market support.

Yes, now scammers are very good at polishing a project to be used as new bait to everyone, especially investors who often invest in crypto, if they are not careful and always in a hurry in making decisions, then they will always be victim of a scammer.

[minairia3]

There are many good DeFi projects right now, you can follow and invest in them if you want. But be careful because there are also many scam projects, if you are not careful, you will lose money with it.

Not all are real defi projects some are just using the idea to get investors. Technically defi is broad and once you read a platform saying they are decentralized finance but totally indicated only it as description then maybe you are not investing on the right project.

Overall contributions of defi rapidly increased not just by development but also in terms of financial contribution. ICOs seems to be returning in the form defi, and many of those dead projects before are trying to tie it up with defi just to get a chance for the hype it brings.

[deathcode]

be careful with projects like that. Scammers are everywhere. we will only believe in projects with clear exchanges with the support of other large platforms. don't even think those who are new with small exchanges can get full market support.

Yes, now scammers are very good at polishing a project to be used as new bait to everyone, especially investors who often invest in crypto, if they are not careful and always in a hurry in making decisions, then they will always be victim of a scammer.

for those who have invested a lot, I don't think it will be easy to fool them. most old investors especially for those who have long invested in new projects, of course, have a way to analyze scammers. their target is new investors who are easy to be invited to and persuaded with sweet promises.

[semobo]

Hello everyone I am new here, and I want to start investing, lately the DeFi Project is good this year, there are many ubiquitous DeFi projects, both on Twitter and on the Telegram channel, Am I investing in every DeFi Project that can make a profit?
 another one is DeFi becoming a promising business in the future?

Basically these hypes will be here only for short term so it is your own choice to invest on decentralized Finance aka DeFi projects.Maybe this has got some potential but if we are already reached the hype so any time this will get hard hit.

First of all we need to have decentralized payment system which itself is in the infant stage of adoption.

[Lordhermes]

This not first time DeFi is been hyped as its booming in the market right now. Remember mining coins did the same thing but gradually fades away, now dumped in exchange without any good backup. So when investing in DeFi projects, not all would be good, some already dumped in market. So be careful with the one you choose to invest in and do a proper research before investing into it.

[Untomabur]

Hello everyone I am new here, and I want to start investing, lately the DeFi Project is good this year, there are many ubiquitous DeFi projects, both on Twitter and on the Telegram channel, Am I investing in every DeFi Project that can make a profit?
 another one is DeFi becoming a promising business in the future?

We don't know what the future will be like,
but 2020 is a year for the DEFI project to flourish, invest some of your money, not all your money

[orengitu]

Actually, Defi projects are really doing well this year, it wont be a bad idea investing in it Since we all know that scammers are everywhere o, you just need to be vigilant and make sure you invest in the real Defi project. But i think you need to learning about crypto world in general since you are new to cryto world you cant just start from the investing aspect make sure you learn the basics of crypto.

[CuriousGeorge]

be careful with projects like that. Scammers are everywhere. we will only believe in projects with clear exchanges with the support of other large platforms. don't even think those who are new with small exchanges can get full market support.

Yes, now scammers are very good at polishing a project to be used as new bait to everyone, especially investors who often invest in crypto, if they are not careful and always in a hurry in making decisions, then they will always be victim of a scammer.

Usually the scammers were using the non sense idea for its project that was almost impossible to be implemented. I have been watching this so many times newbies were rushing without DYOR. that's the worst thing that i have ever seen and how often the newbies were watching the awareness thread.

[BuNga_cute]

I am quite surprised by the growing popularity of DeFi right now, many newbies are suddenly interested in investing in DeFi projects.
No wonder like Compound and Oikos suddenly pump, because there is hype. And this is very risky with investing in projects like that.
Do not be too quick in making a decision to invest in DeFi projects, learn more about DeFi projects. If you really understand just
taking a stand, I don't want newbies investing blindly.

[OptimusPrime_3]

This not first time DeFi is been hyped as its booming in the market right now. Remember mining coins did the same thing but gradually fades away, now dumped in exchange without any good backup. So when investing in DeFi projects, not all would be good, some already dumped in market. So be careful with the one you choose to invest in and do a proper research before investing into it.

That's the whole point, knowing which to invest in. But one can also say since DeFi is just a new development the possibilities of dumping soon is ruled out. So the earlier the better. Early bird, they say...

[Ken_terrance]

Hello everyone I am new here, and I want to start investing, lately the DeFi Project is good this year, there are many ubiquitous DeFi projects, both on Twitter and on the Telegram channel, Am I investing in every DeFi Project that can make a profit?
 another one is DeFi becoming a promising business in the future?

I can actually give you a clue about DeFi projects you need to stay the hell away from, be more careful around new DeFi projects because the hype will definitely attract scammers to this DeFi use case, DeFi projects have been around for a while, it's better to choose the old DeFi projects

[Noean]

Hello everyone I am new here, and I want to start investing, lately the DeFi Project is good this year, there are many ubiquitous DeFi projects, both on Twitter and on the Telegram channel, Am I investing in every DeFi Project that can make a profit?
 another one is DeFi becoming a promising business in the future?

I can actually give you a clue about DeFi projects you need to stay the hell away from, be more careful around new DeFi projects because the hype will definitely attract scammers to this DeFi use case, DeFi projects have been around for a while, it's better to choose the old DeFi projects

you're right, this is one of the ways I choose projects DeFi choose projects that have been running for a long time with its active products

[ipanda]

i had the same question for DEFI this year, and thank you guys for lots of advices

[Winscosinally]

Hello everyone I am new here, and I want to start investing, lately the DeFi Project is good this year, there are many ubiquitous DeFi projects, both on Twitter and on the Telegram channel, Am I investing in every DeFi Project that can make a profit?
 another one is DeFi becoming a promising business in the future?

With the way I'm seeing the combination between DeFi and stable coins in terms of the news surrounding them I think this year belongs to DeFi projects, almost all old DeFi projects have woken up from their sleeps, adding more value to their tokens, investors have finally realized DeFi potential, make sure you do research though

[qwizzie]

Most of the DeFi (specially tether) is running on Ethereum network, which currently has a network utilization of 95%. Already this is causing higher fees on the Ethereum network,
any further network utilization will grind the Euthereum network to a halt, making transaction confirmations take longer and making the fees (gas) a lot higher. This has actually
happened once before with Ethereum in 2018, through one of their Dapps called cryptokitties --> https://qz.com/1145833/cryptokitties-is-causing-ethereum-network-congestion/  

Upscale plans in the form of sharding solutions are still years away, which means it will not save Ethereum network from getting over utilized in the short term.
ETH 2.0 phase 0 that is planned for later this year will just focus on setting up a PoS chain and setting up validators, it will not address upscaling which is planned for phase 1 and 2.

Link : https://decrypt.co/36263/defi-ethereum-transaction-fees

The simple truth is that Ethereum was not setup from the start to function as a decentralized transaction provider, it was setup to function as a decentralized smart contract / Dapp provider.
This is now giving massive problems with regards to transaction upscaling and will most likely end up with investors and traders looking for alternative networks that have
more efficient transaction-processing capabilities and upscaling solutions already in place.

[big kid]

You should remember about investing in DEFI based on its use-case and the demand that has already gotten. Did you see compound or oikos? You should not invest in any defi but just invest in DEFI that has a very huge potential and big community.
This is no an investment advice but I'm interested in this defi https://icodrops.com/meter/

that is one of the most valuable advices you can get here op
stop looking at charts and predictions, announces and twitter accounts
look at real demand of the project, real usage cases and etc
currency will only work if people use it

[tiang_tower]

that is one of the most valuable advices you can get here op
stop looking at charts and predictions, announces and twitter accounts
look at real demand of the project, real usage cases and etc
currency will only work if people use it

Yes, in everything we have to see is a real use case, because with a real use case, we can also see improvements through graphs and not just predicting, because predictions are just a guess of someone who could miss what he predict.

[vvu351]

I think that the capitalization of DEFI projects will not exceed $ 10 billion this year. So far, Bitcoin is most important to me.

[Kocret02]

the deFI project is currently doing well, but we need to try to analyze the project. because there is an issue if there is a DeFI project that is a scam and the scammer deliberately imitates the DeFI project to make a profit. so we have to be really vigilant and careful