SomeJasonGuy (OP)
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August 20, 2020, 04:15:47 PM |
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Smells a lot like 2018 doesn't it?
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AhmadM
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August 20, 2020, 04:57:02 PM |
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Did you mean the current DeFi hype like ICO hype in 2017/2018?
Well, IMO there's no different from that and nowadays many frauds on behalf of DeFi project already exposed.
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Shohag123
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August 21, 2020, 02:26:19 PM |
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I think everything has a perfect time and a date to expire.DeFi project is the new trend which is more hyped than 2018 ICO,s or Altcoins rally.DeFI projects are performing very well.But because if this hype every project are turning into DeFI. and just like ICO many scammers are running scam DeFi project.I think it will bring down the DeFi project.If the DeFi project rally continues in 2021 it will be a great opportunity for crypto to grow more.And I think DeFi will be a trend for a some time may be year or more.
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cryptovigi
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August 21, 2020, 07:00:40 PM |
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Smells a lot like 2018 doesn't it?
exactly people have scent the money and they all pretend to be part of this ecosystem .... But it rather reminds me days of the dot.com bubble from the end of the XXth century (I'm probably one of the very few here who remember it) then the shares of every company that announced that they were entering the dot.coms or even IT business soared. I perfectly remember a shoe manufacturer who announced that he decided not to produce shoes anymore and is moving to the IT business - his shares jumped 10 times during the week ... why do I remember it so well? Because I bought on top .... ;-/
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bitbollo
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August 22, 2020, 07:31:46 AM |
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we can see right now only the speculation part of this process (the same that we have seen with mostly of ICO). however behind project launched there are some advantages, since cryptocurrencies have new valid instruments and bringing new users, create opportunities is always a plus.
However, there are some project that have been launched with "malicious" intentions (likewise no code audited etc etc). anyone should be very cautious at first sight while investing in such projects.
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TheUltraElite
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Call your grandparents and tell them you love them
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August 22, 2020, 08:06:37 AM |
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Some of the projects that were already known to be De-Fi long before ICO season started were like BitRefill and they are legit. Now we are seeing lending pools and stablecoins pools are De-Fi project and added on top are the fanbois hoping to see huge gains. This all makes it seem similar to the hyped ICO pump of 2017.
However it does not mean that all of them are scams. But profitable to investors? Doubtful about it because ICOs were not legal securities and as long as this sector remains unregulated nothing good will happen to altcoins. You can only put your trust in one thing and that is bitcoin.
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sheenshane
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August 22, 2020, 09:53:50 AM |
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At least we saw now that this De-Fi project has been delivered the live product and has used it in the ecosystem not just like ICO, this isn't comparable yet. And the fact that most De-Fi tokens projects are being held in by top 500 holder addresses. And yes, there are too many speculation parts about this and we can't blame those investors comparing ICO and De-Fi projects especially those people had been failure of having profit on ICO's projects back then. Let see and wait for the result and at least we invest of what we can afford.
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cryptovigi
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August 22, 2020, 11:41:44 PM |
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Damn! it surprised me ... most of the projects concentrated among 500 addresses / users, so unfortunately their real decentralization does not look good ... In this case maybe we should call most of them rather CeFi - Centralized Finance
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Om.monata
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August 23, 2020, 09:00:55 AM |
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it looks like this is very similar to 2018, this will probably fly high altcoin prices easily and this can be used as an option to get bigger profits
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SomeJasonGuy (OP)
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August 23, 2020, 11:29:44 AM |
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Did you mean the current DeFi hype like ICO hype in 2017/2018?
Well, IMO there's no different from that and nowadays many frauds on behalf of DeFi project already exposed.
Yeah ICO Seasons of 2017-18. Huge pump followed by an equally huge dump across the board
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SomeJasonGuy (OP)
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August 23, 2020, 11:31:09 AM |
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I think everything has a perfect time and a date to expire.DeFi project is the new trend which is more hyped than 2018 ICO,s or Altcoins rally.DeFI projects are performing very well.But because if this hype every project are turning into DeFI. and just like ICO many scammers are running scam DeFi project.I think it will bring down the DeFi project.If the DeFi project rally continues in 2021 it will be a great opportunity for crypto to grow more.And I think DeFi will be a trend for a some time may be year or more.
Yeah, feels like it got more legs than ICOs had. Interesting to see what project stick around and whether they can sustain the success and hype.
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SomeJasonGuy (OP)
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August 23, 2020, 11:32:13 AM |
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At least we saw now that this De-Fi project has been delivered the live product and has used it in the ecosystem not just like ICO, this isn't comparable yet. And the fact that most De-Fi tokens projects are being held in by top 500 holder addresses. And yes, there are too many speculation parts about this and we can't blame those investors comparing ICO and De-Fi projects especially those people had been failure of having profit on ICO's projects back then. Let see and wait for the result and at least we invest of what we can afford. Yeah it's going to be interesting for sure. we'll just have to wait and watch.
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SomeJasonGuy (OP)
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August 23, 2020, 11:33:13 AM |
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Some of the projects that were already known to be De-Fi long before ICO season started were like BitRefill and they are legit. Now we are seeing lending pools and stablecoins pools are De-Fi project and added on top are the fanbois hoping to see huge gains. This all makes it seem similar to the hyped ICO pump of 2017.
However it does not mean that all of them are scams. But profitable to investors? Doubtful about it because ICOs were not legal securities and as long as this sector remains unregulated nothing good will happen to altcoins. You can only put your trust in one thing and that is bitcoin.
I remember a lot of coins were Proof of Stake. Now the buzzword seems to be DeFi.
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BayAngelo
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August 23, 2020, 10:38:44 PM |
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i strongly believe that the Defi season has come to stay and it will last for a long period of time just like the traditional banking system has controlled finance and maintain top level in montary affairs. the DEFI season is quite different from ICO which involves funds raising which DEFI allows you to invest your money for a sutiable returns.
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Bl_385
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Bounty
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August 24, 2020, 12:48:45 AM |
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Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time. The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects.
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GreatArkansas
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CoinPoker.com
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August 24, 2020, 12:59:17 AM |
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Lol, 2018 altcoin season was mentioned again hahaha. Well, those times are glory days, literally shitcoin season. But I do believe it will never happen again for altcoins, maybe it will but it will be different or there will be a new trend unlike before, there was ICO fever or other altcoins. Speaking of the new trend DeFi will be going be just like before, well that's also what I think but I am more on impossible to happen. People already learned for sure.
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kotajikikox
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August 24, 2020, 07:06:56 AM |
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Smells a lot like 2018 doesn't it?
actually like 2017 and it may end this year or the next who knows? What is better now that many holders specially of ChainLink that make more than multiple pf their capital and this is what important now. and about the longevity of this DEFI?that is nothing we can tell just like what Altcoin season does couple years back.
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tabas
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August 25, 2020, 05:24:14 AM |
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Smells a lot like 2018 doesn't it?
It smells more of 2017. Many say that Defi is just a hype, but I think that there are really interesting projects that will surely survive and grow even more over time. The fact that there are a lot of scams, but after the hype passes, the best ones will remain and a lot of money will be poured into these projects.
The same impression for ICO before until the scams existed and they took over the hype and then suddenly victimized a lot of innocent investors. There are legit defi but there will be scam projects that will ride this hype.
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gazilla
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August 25, 2020, 07:13:26 AM |
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It is hard to say at this point, but I truly believe that some of the "DeFI" will fail as they are only adapting to market hype. However, there are a number of good projects that will succeed without doubt. Thus everyone should be aware that not all DeFi projects will make it.
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peter0425
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August 26, 2020, 04:01:40 AM |
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Smells a lot like 2018 doesn't it?
Smells like Shitty will comes next? If this is like altcoin season then better for the holder to sell all of it now or be sorry soon? anyway i don't really like the concept of Defi and not even thinking in investing to this even that there are some currency that shaking the market now.
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