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

[Stedsm]

DeFi has a lot of fake as well as unwanted tokens, as only a few have some use case while 99% DeFi projects are scam to me. I've heard that some projects hold the potential to do even a 100x while others will suffer the pain of getting buried just like those altcoin projects that are now lost which were once holding a big share of the total crypto marketcap (back then) like Peercoin, Namecoin, Vertcoin, and so on.

[Wawa2013]

As long as the project is of no clear use, it will end up scams, I agree that most of the DeFi projects in circulation today are scams. So be careful
if we want to invest in DeFi projects, for now I suggest if we want to invest in DeFi tokens. Choose DeFi tokens that are popular and have high
volume, so it is safer for investment. I suggest investing in Chainlink is a good DeFi token for investment.

Regarding DeFi projects, it will end as ICO projects seem to look the same. DeFi projects are only hype in 2020, entering 2021 the demand will
decrease drastically. Investors prefer investing in top cryptos that have strong fundamentals, such as Bitcoin and Ethereum.

[BigBoy89]

Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception

[JeffBrad12]

Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception

DEFI and altcoin seasons are the same. Both will be increasing when the market turned into bullish mode. There's no reason to differentiate the altcoin and defi bullish trend.
As long as the bitcoin keeps bullish and both will be increasing at the same time. We have experienced that so many times dude and i guess people know it so well too.
It's just a matter of time until we will see bitcoin enters the key point to get another big correction again.

[Questat]

Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception

DeFi has some bloodbath today. https://coinmarketcap.com/defi/

That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe.

[BigBoy89]

Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception

DeFi has some bloodbath today. https://coinmarketcap.com/defi/

That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe.

Today was a bloodbath for all, starting with Bitcoin. And alts, of course, to not miss anything, were deep-diving too.

But I think we reached the bottom (for now) an hour ago.

[taunitsed]

it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((

yes  for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partners

btw, i'm researching new stablecoin dex, they also plan to launch defi - xsigma, i like their whitepaper and they are backed by a public company

[Questat]

Smells a lot like 2018 doesn't it?

It does. IMO the DeFi season will continue for at least another twelve months. EVerybody is staking anything possible with the hope to earn tokens that could have some real price. I'm not an exception

DeFi has some bloodbath today. https://coinmarketcap.com/defi/

That's because bitcoin is dumping currently, and it's affected, the future of DeFi may also rely on the performance of bitcoin, if there's a big correction that will happen, there's no doubt that DeFi projects will be heavily affected as well. We can tell that DeFi is already popular as they already have the list in CMC which currently they are at $27 B total marketcap, and that is huge I believe.

Today was a bloodbath for all, starting with Bitcoin. And alts, of course, to not miss anything, were deep-diving too.

But I think we reached the bottom (for now) an hour ago.

Let's see what's next, I don't think it's already the bottom, correction does not only happen in just one day, it sometimes resulted to a long bear market like in the past, bullish people will not be convince that a correction has started, they'll think it's just a minor shake up and price will eventually rise again. Total marketcap have also dive below $900 billion, it's still too early to say but I have a feeling the correction is over.

[shoreno]

it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((

i thought it was controlled and then you feel scams are too much ? lol . if scams are too much , that simply means that defi is not different to ico/alt and other seasons .

 given that its like them , itll also end like them . now if your a defi investor and if you have already have some defi in you or planning to invest more , you may know think in advance ,  think about what happened in the past so that you can decide quickly if whats the best you can do to earn somehow and not to get losses .

[bluebit25]

I find it not uncommon if you've been through that stage, the market right now I think it's like an ICO is over. We see a new DeFi trend in 2020 and it has driven and attracted more people to this market, I see the same size re-iterating and alt season is coming. But is it too humble to look at the value of crypto, I think people expect more than that, and confidence in what has happened will be the basis for us to hope for the upcoming boom.

[sophwest]

it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((

yes  for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partners

btw, i'm researching new stablecoin dex, they also plan to launch defi - xsigma, i like their whitepaper and they are backed by a public company

thank you, i'll check this projects

[Severine]

After two despairing years, and showing plenty of promise in the summer, Bitcoin still stole the show, towards the end of 2020 but some analysts forecast that the beginning of 2021 belongs to altcoins.

[leea-1334]

yes  for sure, market is growing and hyping so i also see a lot of strange defi concepts(( but still, i pay my attention to the interesting and credible dex projects, with nice liquidity partners

Currently some markets are not growing, but it is not predictable even though some of the Dex projects are still holding good positions and some strange defi concepts are still holding out in their current conditions.

DEX really relies so so much on people using it and continuing to like it. The chicken and egg problem persists in DEX: people do not use it because there is too little liquidity, and there is too little liquidity because people do not use it. So I feel like people must have other advantages for using Dex,,, maybe this is the future of DEX being a part of some other main utility.

[bitkanu]

it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((

So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project.
There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi.
That will help people to avoid the scam defi.

[cabron]

it looks like it's much more controlled hype,than ICO period.. but i have a lot of concerns by the way - how do u think will be everything going on with defi? it feels like a lot of defi scams are coming out (((

So many scam defi is coming to the crypto but investors have become even smarter than before consider the investors are also doing so many analyzations before try to invest in a project.
There are still lots of legit defi project and you should not feel worried about that dude. People will always try to dig the information about the new defi.
That will help people to avoid the scam defi.

There are few defi projects that end up to have a good price and volume like the ones we recently just see suchas DIA AND POOLZ I have not invested to any but there are bounty hunters I have read on telegram channels praising the projects.

The scams however are more than the number of legit defi project. Its alarming but its  bringing bullrun still.

[meldrio1]

Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump.

[dimonstration]

Well nope it was not like the altcoin season before that almost all the altcoins in the market were pumping even the shitcoins. Only few DeFi tokens were increasing so I can not tell the same as alt season in 2017 - 2018. Sometimes I doubt of the DeFi tokens because of low supply it can easily to manipulate it, they can pump and dump.

Pump now ill only depends on the project quality. Investors were smarter now to choose where to invest unlike before that many thinks that once it's a crypto it have a potential, now we already learned that only few really can keep their project and have real goal. DeFi can still pump provided it's development or developers still gives update or provide unique ideas on it.

[SlimShadyMmp]

Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts

[SirLancelot]

It is obvious that Defi can't go even further up than what it has done all because ETH gas fee is a lot. I for example had a token that I invested during presale and now I can't sell it because ETH is too crowded, it costs over 20-30 dollars just to get it out and I am not rich enough to invest 300-400+ dollars to make it worth while, which is why I am going to just keep it unfortunately, if one day eth fee finally goes down we could do a better.

Sure there are other chains but they are not used as much as ETH is used. Which means the moment you can swap without paying 40+ dollars, that would be a great period and defi will have a huge increase, think about swaping for under 1 dollars and paying 10 cents for eth transactions, if that ever happens (at this point I doubt it) that means we could do a lot better in the future and prices of defi will increase a lot.

[cryptonx]

Defimania in August was really the highlight of the day until things really changed and now basically is a bull run which if you will ask me I will say is just about to start for alts

if the bull on altcoins is just about to start like your words above, seems defi project is a part of altcoins
wich mean i believe the second waves of defi will coming together with altseason