Do you think DeFi season is going to be just like Altcoin season?

[inanilujimi]

I know the defi project has been around for a long time, but the hype that happened to the defi project has just been created which makes almost most old and new altcoins offer the service to benefit from the hype, I believe there will be many defi projects that fail and leave little. who will succeed with this concept. of course those who are real and have a strong team.

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[Renampun]

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.

for me DeFi is just a HYPE, in the next few months we will see a lot of DeFi Projects died...
DeFi is phenomenal, many don't have a reasonable value, this HYPE is coming to an end and will make many new investors disappointed.

[jerrison]

I guess you meant by altcoins ICO. When it was the ICO season back then in 2017 loads of projects came up and the whole season about coins was ICO and loads of projects window to the block chain world. I guess DeFi is coming with that same orientation and I just pray it doesn't face the same fate as ICO.

[TheUltraElite]

I know the defi project has been around for a long time, but the hype that happened to the defi project has just been created which makes almost most old and new altcoins offer the service to benefit from the hype, I believe there will be many defi projects that fail and leave little. who will succeed with this concept. of course those who are real and have a strong team.

Which is what makes the hype absurd. DeFi projects have been here for a longer period of time than ICOs started.

What actually happened is that some projects started doing lending pools and stablecoins and tag the DeFi hashtag with it and promoted it like it was some new groundbreaking technology. In reality fools who never know what projects like BitRefill have done got excited about this "new thing" and looked into it as the new bubble.

But even if many users of this forum understand this disguised scam, most investors dont even come to this forum and thus they are not getting informed of the same.

[gazilla]

Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing.

[peter0425]

Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing.

That's why those who Ride in this Pump should realized that and be mature to be contented on their profit so far,and wont look for too much.
Because if this is just a Hype then it will drop drastically one of this days.
Practicality is the Key to Win in this situation.

[carlisle1]

Smells a lot like 2018 doesn't it?

at some point Yes this is also my own interpretation of this situation as the News spreads like Corona and then out of the Blue Defi projects rise like we don't expect to happen,so it seems like 2018 and will end up sooner?

Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing.

Of course if there is really a Legit currency on these Defi projects then why not?my most concerns are those Not really  Defi projects that is now Trying to keep close and make their project as Defi also to ride with the popularity and Scam investors,
we must be aware of this.

[glowing10]

Honestly, I think the DEFI bubble will pop and only the good coins will survive, which is hard to tell which ones they are. So we have to be very careful not to get stuck with bags full of nothing.

This will happen and more or less in short time the way this Defi coins prices has risen is nothing more than speculation and I think those who have made some money should exit before those starts to fall like pack of cards. I am not of opinion currently that those would be a long-term lasting leaving some of the coins.

[Lhaine]

If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market.

How can I make money in a falling market? Can you prove it? I'm new and I don't know much.

For a simple reasons you can earn profit by having patience of waiting to the market became stable again. Buy when there are blood in the street then sell it when the price increase . More traders is accumulating many crypto currency when we are experiencing  bear market and that way many traders earn a lot for having patience to wait.

[Danslip]

If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market.

How can I make money in a falling market? Can you prove it? I'm new and I don't know much.

Just head to babypips education portal and learn how to use stop/limit orders. After having an idea, how to avoid catching a falling knife you are good to go. DEFI season is just another opportunity waiting on the corner. Learning from other professional traders will make you a wise trader and you will be able to take advantage of falling market prices. Otherwise, the loss is inevitable and you will be remembered as a loser in the long term, unfortunately.

[naureen978]

In my view, cryptocurrency is innovative and I think it is the just start. we'll see so many things in the future because developer create new idea / projects to take benefit as well as these are the huge opportunities for everyone. However people should understand and learn it 1st then they should research before invest in any ICO or any other project.

[Mame89]

I think this Defy trend looks like it will run smoothly for some time to come, but I think this will also be the same as the trend that has happened before, nothing lasts forever we just need to get used to it. Everything that happens in the crypto world and this Defi trend is actually an opportunity to move and seek profit.

[Dinda mayasi]

my hope and all, that paradefi network system will be the solution after the collapse of the crypto world price after BTC reached 300 Million. But as discussed by the friends above, there are some ICO market participants who are naughty and ultimately not as the marketing people expected. My DeFi value as a new breakthrough that can bring back the state of the world, at least make the market participants happy and trust the crypto world again.

[rk8814719]

DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.

[carlfebz2]

If you're waiting for a miracle, it won't happen. Learn how to trade even in a falling market.

How can I make money in a falling market? Can you prove it? I'm new and I don't know much.

Just head to babypips education portal and learn how to use stop/limit orders. After having an idea, how to avoid catching a falling knife you are good to go. DEFI season is just another opportunity waiting on the corner. Learning from other professional traders will make you a wise trader and you will be able to take advantage of falling market prices. Otherwise, the loss is inevitable and you will be remembered as a loser in the long term, unfortunately.

Loses are inevitable but if you do know on how to utilize the learning that it gives then it would really mold you as a better trader.Some said that hearing from other trades is bad but actually it can really help
if you are just starting up or essential for your trading career.Everything can be learn and resources are already or can be found online.

Its up to you if you would really make use of those information .Babypips is indeed a good place for complete beginner not just talking about stoploss or take profits but also when it comes to the
very basics.

In my view, cryptocurrency is innovative and I think it is the just start. we'll see so many things in the future because developer create new idea / projects to take benefit as well as these are the huge opportunities for everyone. However people should understand and learn it 1st then they should research before invest in any ICO or any other project.

The cycle would really continue because if theres one get old or gets saturated then theres new one would come out and now its the DeFi we are facing now which is really not much different

with ICO in the past. Altcoin season? its just the same since these are just still alts which are part of alternative market.The thing here is that

you do know on when to get in and on when to get out. Dont hold for long term excluding to those projects which are really worth to hold on.

[Twinkledoe]

I think this Defy trend looks like it will run smoothly for some time to come, but I think this will also be the same as the trend that has happened before, nothing lasts forever we just need to get used to it. Everything that happens in the crypto world and this Defi trend is actually an opportunity to move and seek profit.

Get profit as much as you can. But this hype will be over soon. If you will examine most of these DeFi projects, they have nothing in it. No real application in the market as most of them are showing they are in beta. But wonder if they are really doing their developments. They are just selling their tokens in uniswap and once they got their funds, their project will disappear.

[tabas]

DRK coin traditional systems involve high transaction fees resulting from high costs due to low transaction speed and low throughput.Even simple applications can slow down the Ethereum based platform and increase transaction fees.

DRK coin? What type of coin is that?
With the scenario that we're looking at. The high costs for Ethereum/Gas fee is due to all of those transactions that's happening with defi and uniswap.
The same as the ico days, the fees were very high and the same as the crypto kitties.

[pallang]

For the meantime defi is the favorite of traders but once bullrun started and bitcoin pumps, defi will be left behind.  Defi are just like ico before.

[Ridwan Fauzi]

Smells a lot like 2018 doesn't it?

There are two prediction atll least, one, this system will be develope because DeFi is offering many user and makes it easy for them to make all transactions truly anynomous that should really exist in crypto currency. Because now, we get used to use centralized exchange to facilitate that.

And the second thing is yeah there are some similaties like 2017-2018 ago. The crypto currency sphere is developing time by time, there will be many people who will have a new feature/event to improve the old way. For the first time we know ICO, this event had given a lot of profit for the crypto user and also with IEO event who just take a little time. And now the new system came and has given a lot of profit as well for the investor. And seem like we will have the next event that will give a bad impact for the privious event.

[Deficraze]

Agreed! 2021 will be the year of DeFi.

Smells a lot like 2018 doesn't it?

2020 is really a different year for altcoins, IMO. It has really make wave. And this same year lots of people who own the coin called UNISWAP has turned billionaires and millionaires over night. Crypto is the future trust me.