Is Defi New revolution or just like 2017 ICO,s ?

[jrrsparkles]

IMHO, Defi is getting more hype that ICOs so I believe soon this will end.

Decentralized lending is something revolutionary but is it really possible in real life! I don't think so but still people are investing on it due to the trend goes behind these projects, if there is a huge dump then the panic selling will get started.

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[Baimovic]

I don't think that the DEFI project has a real use case for future investment, for me it's a HYPE. but since the beginning of DEFI's emergence in the industry, they have attracted the attention of investors to join in and may be good for those who are good at taking quick profits in the Defi project.

[rexxarofmoknathal]

Guys
these days heard lots about Defi ?

what do you think Defi have some real use cases if yes

would you think its good to invest in it ?

Honestly, I do think that the future of finance is DeFi. For me this is an upcoming sector which can lead to great profitability if you invest smartly. The difficult part just like with any other coins is that you still have to go through the selection process and identify the projects that will make it.

While I get that some people are put off by DeFi, some look at it as an opportunity for investment. It's a matter of attitude and research, which is what crypto is altogether isn't it ?

[Stedsm]

DeFi seems to be like a golden egg that's being thrown every single day by the hen unless some day this hen gets cut by the investors to party out eating her. Don't get caught when the dust settles - that's all I can say. I don't think DeFi is bad, but what's happening here is literally making it look like a pump and dump scenario and I hope for the best in the interest of investors. Saw YFII listed today which is being called even better over YFI as it has official Chinese local investors involved in it, but every investor would invest for profit, so some day soon, they'll crash the price when they'll look for their profits. This scene is looking too good to be true, or like a dream come true.

[articlecity]

DeFi projects are being followed and fomoed blindly. Although the use cases and potential is real but still i would say that investors need to be careful as not all these defi projects are going to survive over time.

[ameliana]

To be honest, I personally don't trust the Defi project that is being discussed in this forum. because they are too good to be true or have no real use cases. suppose (BTC, ETH, BNB etc) are coins which actually have real use cases for future investment.

[Denies Distro]

To be honest, I personally don't trust the Defi project that is being discussed in this forum. because they are too good to be true or have no real use cases. suppose (BTC, ETH, BNB etc) are coins which actually have real use cases for future investment.

Some defi have a usecase, if in doubt, maybe you can learn a little about defi on some defi monitoring site, for example DefI Pulse, then click the defi project that you want to learn there an explanation of the different use case of DeFi, it's just that in my opinion what's wrong with the current trend too many developer make DeFi and it makes it strange because the average concept is almost same and this causes the potential for a scam project to enter very big.

[Renampun]

I don't think that the DEFI project has a real use case for future investment, for me it's a HYPE. but since the beginning of DEFI's emergence in the industry, they have attracted the attention of investors to join in and may be good for those who are good at taking quick profits in the Defi project.

I agree with you, DeFi's popularity will not last long, only HYPE...
It is very risky to invest in DeFi in current conditions, most investors who have been holding on for a long time must have taken their profits, it is not safe to invest in DeFi that are at the top right now.

[pedpedped101]

I don't think that the DEFI project has a real use case for future investment, for me it's a HYPE. but since the beginning of DEFI's emergence in the industry, they have attracted the attention of investors to join in and may be good for those who are good at taking quick profits in the Defi project.

I agree with you, DeFi's popularity will not last long, only HYPE...
It is very risky to invest in DeFi in current conditions, most investors who have been holding on for a long time must have taken their profits, it is not safe to invest in DeFi that are at the top right now.

The problem is that many people now have this mentality of Defi projects as having continuous pump, when it's not a ponzi. Only ponzi scheme will.keep.going high without any corrections. I prefer the organic growth of a coin and that can be sustained for a long period of time.

[MCobian]

I think DeFi projects that are currently hype are similar to ICOs in 2017. But so far they are still more profitable
the existing ICO in 2017. Even so, there is nothing wrong with investing in DeFi projects, because based on my
analysis DeFi projects will still continue to grow until 2021. So it's pretty good investing in DeFi projects right now.

[bobyhodob]

I think DeFi projects that are currently hype are similar to ICOs in 2017. But so far they are still more profitable
the existing ICO in 2017. Even so, there is nothing wrong with investing in DeFi projects, because based on my
analysis DeFi projects will still continue to grow until 2021. So it's pretty good investing in DeFi projects right now.

indeed many talk about DeFi as hype but you have to be able to take advantage of this to be able to make a profit, it does have a big risk but you can see the various DeFi coins that have entered the Binance exchange, and it seems impossible if bad coins enter the exchange Binance, so there's nothing wrong with buying a few coins with your capital, after that, wait for the price to go up and take a fresh profit before the price goes down again.

[Yamifoud]

It is better to read and understand how the Defi system works and help to understand that it was different in how ICO disappoints us.

https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi

This a reason why we call it revolution and having this new system will help to minimize the risk involved. People trust the system and make it hyped. However, the current situation will never be like that forever, not it takes so long and sees the surge will be kept like that. It soon to calm once the demand stabilizes. It is for now since the system is newly launched and people are eager to try it which I believe as worth trying.

[albon]

I like when something new appears in the market, such as ICO and IEO. Investors have a real opportunity to invest their capital in a promising project. Now we are seeing a hype around DeFI projects, which, if chosen correctly, give a profit of thousands of percent.

It is good to see a new and good financing system that joins the crypto list, so that any investor has complete freedom to choose what he wants to invest his money in. Each system has its time and hype, and even with DeFi projects, there will be projects that will succeed and give a good profit return, and there are projects that will fail or turn To a scam, that's why I see that DeFi is very similar to the ICO with its risks and great profit advantages.

[trauchot]

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

[bitcoingape]

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

[DarkTrix]

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

Soon dozens of projects will come out cloning each other. There will be many scam among them

[tvplus006]

indeed many talk about DeFi as hype but you have to be able to take advantage of this to be able to make a profit, it does have a big risk but you can see the various DeFi coins that have entered the Binance exchange, and it seems impossible if bad coins enter the exchange Binance, so there's nothing wrong with buying a few coins with your capital, after that, wait for the price to go up and take a fresh profit before the price goes down again.

I know what a HYIP is, but I still don't understand how the price can increase from $35 to $39,000. Now 2 forks of the YFI token have been made and one of them is already trading at $ 8,000 (YFII). And this happens at a time when there is no working project behind YFII at all.

[Killrbit]

As with the ico boom from 2017 there will be a some legitimate tokens but again few and far between. DEFI does have a lot of potential and use cases but right now a lot of these tokens seems to have the mechanisms of ponzis. That's not to say you can't make money of it but people need to remember how the ico boom eventually faltered.

[bitcoingape]

At the moment, DeFi very much attracts investors in the cryptocurrency sphere, and it is now possible and even necessary to make money by investing in DeFi cryptocurrency projects, so there is no time to waste, but you need to act.

I have an idea, why don,t on this thread we put few defi here as a list i,ll put it on table, so that everyone can see this & take profit also

& it would be crowd based opinion, so that chances of scam also would be quite less

Soon dozens of projects will come out cloning each other. There will be many scam among them

for sure various projects would come as clone but my idea is everyone who were reading this thread can put favorite projects here & we can put voting on it & maybe invest on it if they think its worth to invest

[cryptoknightt]

Will probably have the same painful death ICOs had. One thing you maybe could keep an eye on is the very few first DeFi coins, but be careful about investing in them as well. Usually, it's the first few coins that get the hype started. The upcoming ones are crapcoins sitting there just to try taking advantage of it. But to be honest, I think it's already very late to join the hype.

ICOs showed us what "revolution" really means. If there's any coin or technology to revolutionize the markets and crypto domain, it'll show its true potential in a matter of years like Bitcoin did. Can't say this is going to be a long-lasting thing, it's too early and the hype is already overpowered imo.

maybe you have a point, because this is still the beginning, however defi coins have been around since 2017 but it is not as hype as it is now or is it because of the current pandemic and economic crisis that defi is rising and trending, I don't know for sure but if indeed a new innovation will certainly last and growing.