DeFi coins have turn the market into confusion

[Janus101]

It's becoming scaring to me the rate at which Defi projects are trending, I am very skeptical about investing in Defi projects now because scammers will surely take advantage of it. I just hope people can stick to solid projects that are credible instead of investing in anything called Defi.

Yeah, I also feel oddly scared for how some DeFi project suddenly took the top spot on CMC while many altcoin took years and not even come close to it. I feel a strong sense of denying and couldn't believe it. Pretty much in confusion now and don't know what I should do.

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[pathapoddo]

I just laughed at a the team picture you used in your thread. Its so funny. Jokes a part I also like to invest on defi projects. Of course I check the projects before I invest in those. Now why I invest in Defi projcets? My answer is for profit. After all every people in the crypto market invest to gain profit, me too. I know that now a days defi projects became so profitable if you can ride the project on early stages. But yes, we have to be carefull about the projects.

[SaShiRaJaVu]

All the DeFi shit that is spreading in the market is because of investors who are just pushing these projects higher and higher, and they are waiting on a point where they will make enormous profits and then they will start dumping. Thanks to DeFi, every other coin is pumping crazy and there's no reason to it.

This is iconic statement that rings true when we saw the initial stages of the ICO market when all the coins started pumping to extreme levels and then dumping and that is what we will see in the DeFi hyped era, the investors are looking to pump the coins so that they could attract other gullible investors and then dump and make a substantial profit. I am yet to jump into the hype completely.

[Hemady17]

Actually, I have no further idea right now about decentralised finance. I just notice that for the recent weeks it dominates the market. A new hype was formed in 2020 and nowadays, there are coins such YFI and YFII or even YFV exist in the market. Well, I know that it is only a hype coin. And let us be aware of them so that the hype in 2017 made by shitcoins were not gonna happen right now.

[pedpedped101]

DeFi is currently a modern buzzword, and this name is used by many projects that have nothing to do with defi. That is simply attractive when you identify with defi

At a point, i began to think that so many of them will not have the tech, but will want to answer the name DeFi, just because of the hype it now has.
The funny part of it is that, so many projects that are not yet mature for launch, will be released into the space, just because they also want to partake in the hype of this time.

[Akoldi_ibk]

DeFi is simply a wave that everyone wants to ride on. It brings more life to the crypto space kind of. And again, it is causing confusion in a way; as non DeFi projects are now turning to & implementing DeFi Protocol in order to move with the current market wave. It is every investor duty to do due diligence before investing in any DeFi. Scammers are very much around.

[coin-investor]

Now that DeFi is Around, I've seen some project with no purpose related to DeFi but they are also a DeFi projects. And they once trend too. A lot of people are investing in these projects and  I can sense great loses coming to traders or holders in future.
My Advice for everyone is to invest responsibly and if you want to invest irresponsibly, invest on a DeFi project with well know team and good partners.

By the way, I will like to see more advice and opinions of others. I know we can all learn more from experienced people here.

You don't have to confuse yourself, all you have to do is to educate yourself on what to look on DeFi projects and how they perform their functions, you don't have to invest in every DeFi projects that comes along some DeFi projects are worth investing and expect a lot of DeFi projects, so far one of the DeFi related projects I'm in is doing great, the name of the project is Oikos.

[carlisle1]

What is DeFi or  (Decentralized Finance)?

DeFi is an ecosystem of Decentralized Applications (Dapps) that provide
financial services built on top of distributed networks with no governing authority OR the movement that allows users to utilize financial services such as borrowing, lending, and trading without the need to rely on centralized entities or third parties. All these Services are provided trough Dapps. And Most of these Dapps are on Ethereum blockchain. But not Ethereum Blockchain only.

So, Recently, I noticed that Every coin related to DeFi is trending everywhere or trending on most cryptocurrency market tracking websites such as coingecko and coinmarketcap. So, these Remind me of 2017 where there are many cryptocurrency scams and shit projects like this image below with one man Team.

Then, it was because new people are just coming into the cryptocurrency and they feel like everything is safe. So, they just wanna keep buying.

Now that DeFi is Around, I've seen some project with no purpose related to DeFi but they are also a DeFi projects. And they once trend too. A lot of people are investing in these projects and  I can sense great loses coming to traders or holders in future.
My Advice for everyone is to invest responsibly and if you want to invest irresponsibly, invest on a DeFi project with well know team and good partners.

By the way, I will like to see more advice and opinions of others. I know we can all learn more from experienced people here.

Actually the main question is is Until when this revolution of DeFi will happen?i mean for How long will tthose project related to DeFi will make Run?
I am confused because in just a matter of months they Move the trend towards them and other non DeFi projects leaves behind?

Sometimes i was thinking if this is a legit Growth or just another Altcoin season alike when 2018 push them?

DeFi is simply a wave that everyone wants to ride on. It brings more life to the crypto space kind of. And again, it is causing confusion in a way; as non DeFi projects are now turning to & implementing DeFi Protocol in order to move with the current market wave. It is every investor duty to do due diligence before investing in any DeFi. Scammers are very much around.

Absolutely my Point as well mate,actually this is how i look at It seeing even non DeFi shit projects are now getting themselves into this popular one?
so meaning after the wave everything will back to normal and again investors or late comers will be trapped again.

[Sanitough]

DeFi has become a hype because there is a profit on it, so it's not right to say that it turn the market into confusion as DeFi would really succeed as they offered something investors are looking. However, when we say DeFi, it refers to the entire market of DeFi and this market has different projects inside, but a failure of some projects should not make us think that DeFi is bad.

I hope everyone will educate  themselves first before they start investing into the hype market so they know who's to blame when they fail, and that is themselves.

[tuchenvi]

defi market is growing now. as for me, defi earnings can be huge and interesting not only for speculation purpose, but in long term. I pay my attention on defi exchanges and these projects mostly works for me

[aysha9853]

since there are defi and uniswap, there are a lot of scammers who run scam projects and they are listed on uniswap at will, when investors enter and the price goes up so drastically and the scam dev sells his tokens there and there is a rug pull

[Samayuki]

Everyone are just rushing to take their out piece of pie out of DeFi craze that's ongoing in crypto space presently, I m not surprised that we have more scam DeFi today, that happens because DeFi became successful this year, whatever becomes successful in coming year will bring another rush craze just like right now too, investors are the ones that need to be watchful of every steps they make.

[Drahzar]

defi market is growing now. as for me, defi earnings can be huge and interesting not only for speculation purpose, but in long term. I pay my attention on defi exchanges and these projects mostly works for me

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

[tuchenvi]

defi market is growing now. as for me, defi earnings can be huge and interesting not only for speculation purpose, but in long term. I pay my attention on defi exchanges and these projects mostly works for me

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

cool maybe you'll give me some link/additional information about it?

[globalcitizen]

Decentralized Finance unarguably is at the center of the purpose of creating Bitcoin and the technology behind it, blockchain. And since the past years many great DeFi projects have emerged and doing quite awesome today - projects like Bancor, Aave, UniSwap and a few others.

But it's appalling to see how the ecosystem is being infiltrated today with many shit projects whose sole aim is to scam the public and disappear afterwards. And it seems such projects are becoming more common these days. Once in a while I come across the likes and keep distance.

The investing public owe it to themselves to dictate such projects and stay away from them to avoid losing their hard-earned money.

[Drahzar]

defi market is growing now. as for me, defi earnings can be huge and interesting not only for speculation purpose, but in long term. I pay my attention on defi exchanges and these projects mostly works for me

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company

cool maybe you'll give me some link/additional information about it?

https://xsigma-lab.medium.com/meet-the-brains-behind-xsigma-defi-d2e89928f3f7 I read here, but you can google them))