Is DeFi hype the same as ICO hype in 2017?

[Genemind]

The market is always about the hype. Same as what happened from ICO to IEO and now DeFi. It's not bad to take advantage of it but be cautious, the amount of reward could be great, but same goes with the risk. I remember ICOs around 2017 where most are successful regardless if it has a real use case or not.

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[ufaiz50]

Currently Defi is in hype but for comparison with ICO in 2017 I don't think the demand is that high, this is almost the same as IEO. Defi has succeeded in attracting crypto users because we are familiar with the concept of this system, coupled with the covid pandemic that has increased the cryptocurrency market. Defi is considered a solution to the country's economic problems and the benefits that the defi system provides have interesting benefits, I hope this hype lasts long.

[Eco_111]

I'm still not confidence that DeFi hype will be as big as ICO results of 2017 but anything is possible, instead of waiting and watching I prefer to take the risk and invest in affordable DeFi tokens because if the hype continues the profit will be massive.

[ScamViruS]

I'm still not confidence that DeFi hype will be as big as ICO results of 2017 but anything is possible, instead of waiting and watching I prefer to take the risk and invest in affordable DeFi tokens because if the hype continues the profit will be massive.

Yeah. Since there is a lot of discussion about DeFi projects in the market now, there is a possibility to make a good profit. But it will require your proper research and the ability to find a good project. Because the market is now attracting people to the DeFi project, scammers here will definitely try to take advantage. So be careful here. And if any hype is created in the market, it will end in a bad way.

[Zeehaxan]

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

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

This is something really shocking and exciting as well because DeFi has proven to be even bigger because of billions already locked and it is still not stopping rather growing everyday and new and improved defi projects are also coming up regularly so looks like next 2 years or sp defi will keep booming.

[GREENch]

This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top.

Even if YFI crosses the $50K mark, it does not mean that this success will be long. The initial suplay of this coin was 20,000, then after the vote it was increased to 30,000, but the project does not have an actual limit on the issue of coins, that is, if people support the total number can be increased to any number, whether it is a billion or more. Any project must pass the test of time and prove its worth.

[Ceyflix-Rez]

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.

DeFi scam projects are already here but they aren't that hard to detect, those scam projects have nothing to offer than DeFi hype and useless use case, by doing your own research you can find out which DeFi project has serious team or suspicious team

[Ceyflix-Rez]

This time, the ones you are holding back in 2017 are just staying as it is while the YFI is almost about to cross $40K. Projects UMA that you didn't even heard suddenly outrank the ones on top.

Even if YFI crosses the $50K mark, it does not mean that this success will be long. The initial suplay of this coin was 20,000, then after the vote it was increased to 30,000, but the project does not have an actual limit on the issue of coins, that is, if people support the total number can be increased to any number, whether it is a billion or more. Any project must pass the test of time and prove its worth.

In the case of this YFI DeFi project only time will tell, if it's real or not or just a hyped project we will know, it's just that the price is too high presently and buying it isn't safe, just how I feel about the project you are free to make any choices you like.

[Gozie51]

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.

Just as you have narrated and concluded that is about researching the prospective project about to invest on because it is certain that every innovation that comes on the cryptocurrency space must have fake duplicate. From ICO, iIEO and now Defi "hype" projects. We just need to be careful in investment.

[kindbtc]

The hype is definitely not the same, if you remember correctly during ico hype even fake or scam icos were able to raise good funds and exit scammed the investors so the big money in the form of btc and eth was wasted.
While now, the money if flowing into defi which most probably seems legit because you are holding the coins in your wallet and everything happens in a transparent way through the use of smart contracts and everything is trackable so the chances of scam are low but still we need to wait and see how it all goes after a year or so we can analyse the performance and give our opinion on the authenticity of defi projects.

[Barbut]

The hype is definitely not the same, if you remember correctly during ico hype even fake or scam icos were able to raise good funds and exit scammed the investors so the big money in the form of btc and eth was wasted.
While now, the money if flowing into defi which most probably seems legit because you are holding the coins in your wallet and everything happens in a transparent way through the use of smart contracts and everything is trackable so the chances of scam are low but still we need to wait and see how it all goes after a year or so we can analyse the performance and give our opinion on the authenticity of defi projects.

The hype is hype, it's not the same, but in essence, it's hype! I agree with you, we have more proven ICO scams than defi scams, but we need to give it more time and we will see what will happen, maybe we will have even more scams with defi projects, that is a possibility.
I would say there are some similarities, and many people just invest without thinking and researching. When it's hype you need to know that after the pump there will be a huge dump!

[Kelvinid]

I'd never think it was the same.
2017 Hype is very aggressive and many people have gained a lot of money during that time. It was the time for ICO and the market is in the bullish but somehow, it was also a time where people changes their mind towards ICO as a non-reliable investment because after that moment, most of them are gone and many had suffered big losses.

This Defi hype is another market play, I'm not seeing it was a trick to catch the attention but as we continue to develop the market they'll find out that it was a good way to keep our fund safely and have our full control.

[Twinkledoe]

The hype is definitely not the same, if you remember correctly during ico hype even fake or scam icos were able to raise good funds and exit scammed the investors so the big money in the form of btc and eth was wasted.
While now, the money if flowing into defi which most probably seems legit because you are holding the coins in your wallet and everything happens in a transparent way through the use of smart contracts and everything is trackable so the chances of scam are low but still we need to wait and see how it all goes after a year or so we can analyse the performance and give our opinion on the authenticity of defi projects.

The hype is hype, it's not the same, but in essence, it's hype! I agree with you, we have more proven ICO scams than defi scams, but we need to give it more time and we will see what will happen, maybe we will have even more scams with defi projects, that is a possibility.
I would say there are some similarities, and many people just invest without thinking and researching. When it's hype you need to know that after the pump there will be a huge dump!

Right now, we don't have proven defi scams yet because they are just starting to be deployed. So still early to conclude for what's gonna happen but seems we are heading in that direction again, the time of ICO hype. Look at those DeFi projects that are introduced lately, either they have plagiarized whitepaper or fake team members. So ask yourself, where will this situation end up with? Your guess is as good as mine.

[denasha92]

almost every year, we see a new technology in some projects. for now, DeFi was one of them that really hype. most of crypto project are DeFi now. but the hype has time, it will die soon or later. the new technology will replace it in the future.

[Serco]

almost every year, we see a new technology in some projects. for now, DeFi was one of them that really hype. most of crypto project are DeFi now. but the hype has time, it will die soon or later. the new technology will replace it in the future.

Defi project was not new technology for blockchain, it just hype that controlled by many whales that unite to make market moved. i confidence it will not stand for long time.  next we will see blockchain technology that have low fee for each transaction  and it will adopted in real business like in banking system.

[Bezobraznike]

almost every year, we see a new technology in some projects. for now, DeFi was one of them that really hype. most of crypto project are DeFi now. but the hype has time, it will die soon or later. the new technology will replace it in the future.

   You are right Denasha92! Every year we have some hype about something new, and it's great feeling to be here while that
happens around. We can say that hype before and hype now is the same, just some new things are getting the spotlight and
all of us who invested in some ICO's years ago and in DeFi now have a great experience and I hope great profit!

[bakasabo]

Imho DeFi hype is not the same as ICO. First, compared to the amount of projects that present themselves as DeFi, to a number of projects that ran ICO's. Second, the amount projects raise. Back in 2017 minimum softcaps were 1 million US Dollars, not DeFi projects tries to collect 100-500k. Third - the hype by itself. ICO's were super popular and new on the market, while DeFi is just a another different player in crypto, that competes with IEO who is more on hype.

[LouVandetta]

It could be the same, following just a few successful projects now the hype is no joke. Almost everywhere you look at new projects, it's not that far from DeFi. Because it's the trend as of now. But will it also ends just like how ICO used to be back then? Sooner or later there will be another new type of tech on the future projects. Just like how there were a lot of scammed ICOs, we still cannot assume that DeFis might have the same path. I'm actually pretty interested on them, still I need more research, it's okay even if I were left behind the hype trend but at least I need to come prepared.

[GREENch]

Even if YFI crosses the $50K mark, it does not mean that this success will be long. The initial suplay of this coin was 20,000, then after the vote it was increased to 30,000, but the project does not have an actual limit on the issue of coins, that is, if people support the total number can be increased to any number, whether it is a billion or more. Any project must pass the test of time and prove its worth.

In the case of this YFI DeFi project only time will tell, if it's real or not or just a hyped project we will know, it's just that the price is too high presently and buying it isn't safe, just how I feel about the project you are free to make any choices you like.

Let's just say that as long as the flywheel is promoted and more and more investments are invested in the project, then the dividend payments will go, but as soon as the new hamsters run out(in the same amount as now) then we'll see what's what

[bluebit25]

I participated in many ICOs in 2017, and now I also invest in many Defi projects. Basically they are exactly the same and get the big hype, but they still differ because the investors know how to recognize scam projects so only the best projects are there can be successful in this market