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

[Chukwunonso]

One thing I found out about the cryptocurrency industry is that there are time and season for everything. Defi tokens seems to be in the limelight now, and I'm not surprised because I know that it was exactly the way it was in 2017 when ICO's were the talk of the year and people some persons made substantial gains investing in ICO, though others lost as a result of the scam projects which were also very rampant.

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[bitcoingape]

I agree with what has been said. It is certain that he will share the same fate as the ICOs. Nevertheless, it would be best to make a profit by taking advantage of opportunities instead of waiting for it to turn our backs completely and collapse. During the ICO period, we made good money in this way. Currently, my investments in many cryptocurrencies are above ICO prices.

Completely agree to your point. for sure it have same fate until it collape take good profit from it

[Gunday_07]

Here is my before and after thoughts about DeFi projects

BEFORE

DeFi is different from ICO completely because it's crowdfunding vs utility that's pointing to Decentralized Finance and it just got popular on its own, getting better than centralized finance now, investing in DeFi projects is futuristic investment that will bring investors huge profits.

AFTER

Well eventually DeFi will end up the same way that ICO ends up in 2017 and many DeFi projects will die and bring huge loss for those who are too hooked with DeFi because there are too many fake DeFi projects riding DeFi hype only, be careful and do very deep research on any DeFi projects you want to invest money on.

[bittick]

Here is my before and after thoughts about DeFi projects

BEFORE

DeFi is different from ICO completely because it's crowdfunding vs utility that's pointing to Decentralized Finance and it just got popular on its own, getting better than centralized finance now, investing in DeFi projects is futuristic investment that will bring investors huge profits.

AFTER

Well eventually DeFi will end up the same way that ICO ends up in 2017 and many DeFi projects will die and bring huge loss for those who are too hooked with DeFi because there are too many fake DeFi projects riding DeFi hype only, be careful and do very deep research on any DeFi projects you want to invest money on.

As much I hate to say this, DeFi will eventually lost its hype just like IEO and ICO back then but the main reason why ICO dies out because the scam is too rampant then come IEO that offers more security but eventually there's shady people who trying to create shady IEO by making shady exchange. but, DeFi is different than ICO and its utilities is what promises profit of an investment. But well, let's see what will DeFi ended up become.

[Wapinter]

I think defi is a new bubble which will burst and leave many rekt

[South Park]

When creating DeFi, they tried to take into account the mistakes of the ICO, and only time will tell the vulnerable sides of DeFi. But the worst thing is that it is impossible to get rid of scammers and hyped projects, they will still find ways to make money in any project, with any protection system.

This, at the beginning when icos were first introduced in the market we saw many good projects being developed and that is why that form of funding became popular, but what happened? Scammers noticed this and began to take advantage of people and it is exactly what it is going to happen to DeFi projects as well, the first DeFi projects were good and as such they generated profits and people wanted to be part of that and scammers obliged, so sooner or later all of this hype over DeFi projects will end.

[robattfield]

The Defi hype are still on but it still cannot defeat the era of Icos back in 2017.. Where all buying tokens even a shit one. Defi has being so hyped lately and i can see the clone are popup so fast right now as they want to make an easy money from the Defi hype which is has no values at all. No project to be offer just a copy paste from other project.

Yes, too much popularity that even Ponzi schemers are now joining the the DeFi hype.  And sadly some DeFi projects looks like HYIP.  I am sure many DeFi projects that practice this system will eventually collapse even before reaching its goal, just like the typical Ponzi scheme.

There are a lot of projects that are not Defi but they are trying to add Defi to their project, it makes me feel really confusing because it will make their project much different from the idea original. All for profit and want to gain interest from investors

[Barbut]

It's some kind of revolution, but be aware as we had many scam ICO's, we will have many DeFi scams too. It's how it goes, but we will have something good that will come out from this madness. Some DeFi projects are really good and they will survive in the long term, as we have some coins that started with ICO and now they are big. Just don't invest in any DeFi, do some research, and try to trust the top ones.

[@baoli]

With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

[Akoldi_ibk]

With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

Yes, I agree with you. The whole hype is fading away and people are learning the hard way. Moving forward, everyone will be more cautious before considering any DeFi. On the other hand, I think this saga will put to test the DeFi projects with only the genuine ones surviving the waves.

[saint_casanova]

It's some kind of revolution, but be aware as we had many scam ICO's, we will have many DeFi scams too. It's how it goes, but we will have something good that will come out from this madness. Some DeFi projects are really good and they will survive in the long term, as we have some coins that started with ICO and now they are big. Just don't invest in any DeFi, do some research, and try to trust the top ones.

Hopefully, this is the course of action for Defi and there will many good Defi projects come out from this overhype phase like it was to ICO. Though I worry there is a certain threshold for Defi scams that if it was too high, a crash could leave a strong impact on both Defi and crypto market.

Do you still remember how the crypto market was after the ICO crashed with Bitcoin going as low as $4000. We should learn a lesson from it and don't fall FOMO to Defi scams so it won't leave an unhealthy mark on the market.

[Denongels]

This is a revolution, but we have to remember that the current defi project, some of which come from ICO project, and the project that actually brought a revolution is the DeFI project which was just launched this year, but unfortunately currently DeFi trend is often misused because there are too many new DeFi projects that have been launched. recently held tokensale not reached several months already exit scam.

[Viscore]

It can't be simply to judge but seeing many of the projects involve here, it also leaves the idea that we are likely the same situation. A lot of not known project gets hypes, that was pretty amazing but I suppose not to buy this show because it is actually different from the normal event.
I believe that Defi is just a tool to trick people but not a tool that helps to make the market more sustainable that we are looking for.

[Shasha80]

It is true that DeFi projects are the best choice for investment right now, after the ICO / IEO hype. You can see that almost
all DeFi projects in 2020 have experienced hype, but unfortunately DeFi projects have no real use cases. Therefore, the current
price of Bitcoin dumps, affecting the price of DeFi projects in markets that are dumped too. But that doesn't mean investing in
DeFi projects is bad, we just need to take advantage of the current market situation to buy some potential coins, including DeFi
projects that are still good for investment, especially for long-term investments.

[southerngentuk]

I think it's been exaggerated and defi market is in some bubble, some kind of temporary hype that will burst sooner or later, there was some other technology before that like POS or DPOS, and now its Defi time, next year would be something else, but it helps market grows.

[ampu]

DEFI is truly a revolution in the crypto market, by locking in liquidity and benefiting from loans and loans. Some older DEFI projects are demonstrating this model's effectiveness. Younger DEFI projects offer higher returns and risks. Copying the code and anonymous DEV teams have resulted in fraud and value manipulation. We need to be aware before investing in these projects, it is not that high and fast returns are good, and most importantly safety and certainty.

[South Park]

With the owner of Sushi withdrawing over 20k ETH worth about $8m it is a sad thing to Defi. The completely genuine one are taking the hit with bzrx losing over 1$ to hit back at 0.5$ . I see the whole hype fading away soon.

Do you have a link to that news? I tried to look for it but I could not find it, however if true it is very discouraging and it could explain why sushi has collapsed and lost 65% of its value in just a week, people need to be very careful it is easy to let yourself be dragged by the emotions in the market but you need to always ask yourself if what you are seeing makes sense, and if it does not then you must be aware that this cannot continue forever and at some point it will end.

[lousie9]

In my opinion Defi is not a new revolution other than ICO, actually in the same year or when the heyday of the ICO started, people were interested in taking advantage of investment through ICO and then Dorrrrr. Well, now you can compare it to Defi, after seeing the insane increase of the Defi coin, most investors are interested in taking part in it.

[Drahzar]

Not sure it's revolution I think it's more like following concept, next development stage. Not hype, more like long term investment.

[Baimovic]

Not sure it's revolution I think it's more like following concept, next development stage. Not hype, more like long term investment.

for me personally not. the truth of Defi is sheer sensation. this will not last long, the crypto concept changes over time. If at another time some new types of programs appear that can attract the market, the hype defi will be abandoned. of course investors follow market trends.