BestEarningTips (OP)
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August 29, 2020, 03:29:19 PM |
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In 2017 was the peak growth of crypto, it attracted many new users in the industry, many later left it after the deepest correction, but some have learned to earn and successfully entrenched in the blockchain industry since then, eg your bounty manager bubbalex ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Most users invested blindly in everything, there were a lot of identical and/or useless projects, everyone just heard that you can earn a lot and easy and tried to repeat this success. According to statistics released later, 44% of ICOs of 2017 were a scam. Now the same thing is happening with DeFi, in my opinion. The success of several DeFi projects gave rise to a whole new milestone for the Blockchain projects. Most users who are disappointed with the long correction of the market finally believe in the bull market again and want to repel their losses and/or increase profits. In 2017, you could add the word Blockchain to the name of your project and collect a lot of money, now the same can be done by adding the word DeFi. I don't mean that all projects are bad and they will fall, but I want to warn people. Despite the fact that in 2017 there were many good ICO projects that have been successfully developed so far, and now there are many good DeFi projects that will be developed in the future, most projects fail. Do not invest blindly in everything that is popular, understand the potential risks, think yourself and never follow others, it's your money and time. I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below
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Sulman326
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August 29, 2020, 03:32:25 PM |
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Yes, Defi if the new crypto hype, we need to be careful, will not take so long to the first Defi scam project appears, like happened with the Icos, it's just a question of time to something bad shows up in this Defi scenario.
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jrrsparkles
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August 29, 2020, 03:39:29 PM |
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Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.
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M Sarwar
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August 29, 2020, 03:40:55 PM |
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Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.
Defi is a huge attraction of the market. Currently many people are interested in investing in Defi. Because investing in DeFI projects is making a huge profit. However, many people are suffering by investing in blockchain for some time. But they invested in the wrong project. When people are more inclined towards investment sites. But those started in 2017. But it was good. Since 2017, some fake projects have started. In 2017 scamming was more. The amount was further increased. So I think everyone is having a good time at Defi or blockchain.
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Think Crypto
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August 29, 2020, 04:08:21 PM |
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DeFi is an alternative for investing, even this DeFi has a sizable volume in the market. DeFi brings changes in the development of blockchain technology. DeFi is an investment in the future that will probably be hype like ico in 2017. All investments have risks, so we must be smart in making decisions.
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Lordhermes
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August 29, 2020, 04:33:20 PM |
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Throughout the ecosystems, there had been some sort of newly development strategies that emerges and become something to be hyped but failed at some certain point in time due to influx of start-up projects impersonating same idea making it a confusing states for investors. Before 2017 bull run the popular idea was the mining project which eventually fade away because of excessive inflow of newly project. The same happened with ICO, IEO, AI, Big data, more, now DeFi (Decentralize Finance) erupting in the industry as new hype. Surely some DeFi project will fade away and many investors had already lost from fake DeFi projects in the space. Its just a matter of thorough research on the teams behind it, project development, and many more to research on. Conclusively, DeFi project hype is quite the same as ICO in 2017 but will fade away as ICO is gradually experiencing.
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lumeire
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August 29, 2020, 04:44:11 PM |
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Yes, Defi if the new crypto hype, we need to be careful, will not take so long to the first Defi scam project appears, like happened with the Icos, it's just a question of time to something bad shows up in this Defi scenario.
Yes the DeFi hype is same as of the ICO hype of 2017 and I believe that this is going to make the investors really regret that they came into rhe DeFi coins as it is going to fall really bad and there would be a huge market crash also when the DeFi coins would fall in the future, right now the prices of DeFi tokens are increasing because of the new investor money coming into these projects and once it stops then all the support would be gone and we could see a crash for sure.
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ScamViruS
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August 29, 2020, 04:47:57 PM |
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I saw the ico hype of 2017. There is no calculation of how many projects came at that time. Most of these projects were created for the purpose of scam. And the scammers were successful at that time. Because lots of new people were coming into the market and most of them didn't know what the consequences of this hype would be. While the ICO hype was profitable for some people, the majority suffered huge losses.
Now that the DeFi hype has been created, those people have already set a stop target. I don't know how this hype will end. A bad environment can be created when it is finished. It's a good sign that something new is coming in the market, but some people find ways to scam people by misusing those new things.
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bobyhodob
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August 29, 2020, 04:59:46 PM |
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Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.
DeFi is currently still looking good and I hope they can survive until they finally beat bitcoin because so far no one has ever beaten bitcoin after that DeFi appeared and the YFI coin if you know it has a good impact, with DeFi having limited support so making the price expensive and can beat bitcoin.
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bitbollo
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August 29, 2020, 05:18:02 PM |
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Well from a certain point of view both ICO and DeFi are very similar, there is an hype behind very similar. With DeFi there are several projects, and what's is really different is the mechanism behind. I mean in 2017 there was the fake belief that for earn money it was enough be one of the first investor a in a "decent" project and then resell immediately for a plus. Every project has launched specific campaign for early investors, creating a bunch of people able to receive money only for their ability to invest before others one.
DeFi seems that have created another type of product able to gather interest on cryptocurrencies. I think that it's a system that can bring more value then just a ICO (you can make an ICO also from a worthless token ...) but there is also here some speculation and there are daily too many "MEME" projects launched just to grab money from newbie or speculators.
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thesmallgod
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August 29, 2020, 05:23:51 PM |
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Yes, Defi if the new crypto hype, we need to be careful, will not take so long to the first Defi scam project appears, like happened with the Icos, it's just a question of time to something bad shows up in this Defi scenario.
Of course, there will be scam defi because the scammers will see as a new way to get money from the investors but I believe people are wiser now and also there are many individuals out there they quickly report scam project. Also, I have realized many of already existing projects created many of this defi tokens and the new upcoming one is the Flamingo token which was shared on the medium by the famous Da Hongfei https://medium.com/flamingo-finance/up-the-defi-game-introducing-flamingo-be3eb1c6c426
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coin-investor
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August 29, 2020, 05:31:29 PM |
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I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below
We should be very careful on hype because fake projects who live up on hype will not last long, but so far some DeFi projects are looking good I think DeFi is not just a hype this a technology that will add more features to Cryptocurrency adoption, I'm glad I'm into two DeFi projects in their bounty campaign Oikos is doing great in the exchange, peole should not miss this DeFi while it's cheap and this is not a hype words.
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jrrsparkles
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August 29, 2020, 05:31:39 PM |
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Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.
DeFi is currently still looking good and I hope they can survive until they finally beat bitcoin because so far no one has ever beaten bitcoin after that DeFi appeared and the YFI coin if you know it has a good impact, with DeFi having limited support so making the price expensive and can beat bitcoin. So you are saying defi project will surpass the total market cap of bitcoin, remember they don't even have any usage other than lending options and not own blockchai as well.It will be going to end before this 2020, don't forget my words bro!
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tvplus006
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August 29, 2020, 05:37:06 PM |
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Entirely ICO is not a scam but they got no value after that hype ends now the same going with Defi as well and I do expect the same thing will happen with these projects.Potential of these projects are only short term gains and for aure most of them will become scam as well.
After the price of some DeFi has increased a thousand times, it is already dangerous to invest your capital in such projects. And we can expect that the price will not be able to stay at this level for too long, it should go to a correction. And again, everyone will make a choice, just like in 2017, at what point they will stop and fix their profi
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TGD
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August 29, 2020, 05:54:10 PM |
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I thought I was the only one who thought DeFi was like an ICO in 2017. This hype was a little crazy, I was a little worried it wouldn't last long, so I decided I didn't want to get involved with it. whereas here, I have several friends who managed to make a profit by signing in with DeFi. Unfortunately I am not as brave as them, and I am more focused on safe investments with Bitcoin and Ethereum.
The hype of DeFi were too high, actually right now some DeFi project were doing pump and dump, it's too hard to monitor and decide what to do, so we should set a solid goal of what to do since they might be gone or no longer upproriate to hold like what ICOs are after 2017 hype.2017 Hype thought us that It's still better to buy projects that have a foundation and plans that will benefit till the future but it's also good to take advantage of some hype now to do trading as long as we are able to focus on watching or monitoring it.
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Mpamaegbu
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August 29, 2020, 06:00:22 PM |
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Whether Decentralized Finance (DeFi) or not, all hypes are the same. They always end up leaving a trail of victims. We can't save everyone from falling prey to scam projects as some are very glaring of the scam they portray but the problem however is that most people who fall victims are greedy people who want quick ROI on their investment. Addressing the question in the OP, well, I don't think the DeFi hype is generating the type of buzz ICOs had in 2017. Mehn, that was a glorious year. Anything that had crypto to its name or logo sold out. Not even the so-much-trusted IEO had half the buzz ICO had, Lt alone DeFi projects.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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eaLiTy
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August 29, 2020, 07:43:53 PM |
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I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below The concept is really novel and great and so does the ICO, the idea behind ICO was to collect funds for producing real products but that is not what we saw as everyone wanted to raise money but never did anything substantial and the idea behind DeFi is having financial services without the help of banks and other financial institutions and the concept is really great but we should expect scammers to try their hand in the market as well.
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amonymous
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August 29, 2020, 07:53:13 PM |
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yes I think at the moment defi projects are creating hype in a way that is similar to the 2017 ICO which is neatly called bullrun angon. But the question is how long will such a time last because the hype created by the ICO did not last long, so defi projects are a new idea. However, we will use the same amount now, but we need to be prepared because the hype may stop suddenly.
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prehisto
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August 29, 2020, 07:56:44 PM |
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No, it is not the same because the term ICO includes all projects where funds are raised mostly with crypto assets, this incluses defu projects. DEFI project fundrising is just an another ICO . Just the concept of DEFI is reltively new thats why they are the new hype.
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Heisenberg_Hunter
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August 29, 2020, 08:10:52 PM |
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Despite the fact that in 2017 there were many good ICO projects that have been successfully developed so far, and now there are many good DeFi projects that will be developed in the future, most projects fail.
Not really true. Only a handful of 2017 projects (less than 100) survived without the creator running away with their coins collected during ICO. Even though some of them had the real potential they didn't care about the investors and scammed everyone outright. Many manged to survive till the end of 2019 before the pandemic has begun and many ran away during the bearish market of 2018. Many ICOs made successful promises during the start of 2018 and some managed to achieve that, but some or the other insider of the startup played a game and completely destroyed the reputation of the company. I remember Oyster Pearl, Sykfchain, Elysian and many others eventually turning out into a scam and the price of a coin plummeting below a few satoshis. All these projects had the potential and if they didn't scam the investors, they could have something good with the money collected during ICO. Now the Defi trend is similar to ICO trend but here many of the developers remain anonymous so that they can run easily during the failure. YAM was a stupid coin and everyone were warned that there the contract wasn't audited and the coin should be maintained at the price tag of $1. But none of the newbie investors listened to that and pumped a $1 coin to $160 before analyzing the bug. Only a few coins like Monero and ETH (apart from Bitcoin) have a little potential in this world, apart from that everyone are forks or just a new shitcoin to scam investors
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