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Author Topic: Are you going to buy into these high rising defi coins now?  (Read 658 times)
paramind22
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August 31, 2020, 06:47:29 PM
 #1

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?

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August 31, 2020, 08:44:21 PM
Last edit: September 06, 2020, 02:04:43 AM by Danslip
 #2

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?
Currently looking for the correction from DIA and RR token, maybe there will be another opportunity to buy lower before going to the moon. Who knows? Personally, I never go all in but in case of having a super inside feeling, I can do it. Now it is a good time to enter the alt season toward the end of the year. Maybe the price surge will happen again in the next few years but I can't convince myself to invest in the mentioned altcoins.

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August 31, 2020, 08:51:30 PM
 #3

I wouldn't.

I'm not sure how long this trend will be for Defi tokens. I'm at the observation stage and isn't willing to buy any of them for now. I want to see more of it until most of them are eliminated and only the best of the best remained.

Not any of those is in my thoughts.

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August 31, 2020, 08:58:41 PM
 #4

In general, it's not a good principle to buy a high rising coin unless you are doing a short trade, the best timing to buy is always when the price is at its dip because that's the only time you can get the best value or to minimize your loses in case you fail.

If you are buying when the price is high,that's what people do when they got into FOMO, and since DeFi is very hype now, there's a high possibility that you are already into FOMO without realizing it, so calm down, carefully analyze before buying regardless of what kind of project it is.

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August 31, 2020, 09:27:16 PM
 #5

I respect the existence of the Defi project in crypto market because they actually make crypto to be notice by real world market investors but I consider Defi market to highly manipulated which is the reason why I never invest in any and I will advise people that already invest in it to be very observant.
The most talk about Defi is now YFI.

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August 31, 2020, 10:04:47 PM
 #6

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?

not for now, because the price is too high, its better to wait a corrections if you want to buy thus alt buddy
and maybe i will find another defi type project with a lot of potential to grow in the near time buddy


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August 31, 2020, 10:10:01 PM
 #7

I think the majority of the projects are trying to capitalize on the DeFi hype!
As always you need to fully investigate the project in order to take your ideas if it is worth it or not.

Personally, I get a bit burned in ICO's in the past. I am seeing this DeFi hype the same as it was ICO's two years ago.
I am waiting to see some establish projects before investing. But have a few in sight.

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August 31, 2020, 10:11:47 PM
 #8

I respect the existence of the Defi project in crypto market because they actually make crypto to be notice by real world market investors but I consider Defi market to highly manipulated which is the reason why I never invest in any and I will advise people that already invest in it to be very observant.
The most talk about Defi is now YFI.

I have the same sentiments when it comes to DeFi. And as you mentioned this YFI project, I myself, also got curious as to why this project exceeded the price of bitcoin. So I checked their website, and unfortunately, in my opinion, there is no solid reason why they are pumping like there's no tomorrow. It says their project is in beta so why this commotion on this project? I believe there is a group manipulating the price in the market so one should really be careful in jumping on this one. Because this is quite suspicious for me. And just like other DeFis, most of them have plagiarized whitepaper so it means they are launched in a hurry, maybe just to jump on the hype and not care if people will be rekt.

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August 31, 2020, 10:38:42 PM
 #9

I'd be looking at where the hype is coming from and work out if they are participants, or more likely they are just that building hype around that product.
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August 31, 2020, 11:03:35 PM
 #10

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?

When in talks of which one would go higher then no one can really answer it out since legit projects would only be the one would able to sustain and would really take apart from the hype.

Asking out if you would buy up to this moment then its a gamble when everything is hyping yet as mentioned that you wouldnt know that it might be already into its ATH and when you do get yourself into
FOMO then you would end up on holding for too long a shit load of useless coins.

So its a matter of risk taking if you do let yourself do go with the ride.

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August 31, 2020, 11:14:25 PM
 #11

Those coins in your list already over priced but I have been buying sushi coin at $1.2 and this time it is going more than $6 or almost $7

You should not gamble with the coins that have already pumped so high. Just bet on the new potential coins. FOMO is real but be careful with your money.  Grin

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September 01, 2020, 01:43:37 AM
 #12

I'd rather buy Ethereum compare to those DeFi coins.
Even they are still cheap or something new and popular these days, yes you may earn a lot of profits but you still can't guarantee sure profits, the risk still high there.
I think what we are experiencing these days about the DeFi trends are what we experience in ICO fever before in bull run 2017 - 2018, the hype is everywhere but in the end, REKTs are everywhere.





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September 01, 2020, 03:50:39 AM
 #13

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?
Nope had no plan at all,

First - i did not pay attention about this DeFi thing from the start.

Second - they have been On rising now and i'm afraid to be trapped if ever this is just a Hype and Bubble.

And Besides I am Contented in my Holdings and waiting for Our turn as the Cryptos on my Hand are very Much promising and had a good Potential ,Back up with Bitcoin?
I'm Ok with everything.

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September 01, 2020, 08:19:39 AM
 #14

I found an interesting article about it: https://www.worldcoinindex.com/news/yearn-finance-native-defi-cryptocurrency-yfi-surges-190-over-the-last-week-price-tops-38-000
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September 01, 2020, 11:50:29 AM
 #15

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?

not for now, because the price is too high, its better to wait a corrections if you want to buy thus alt buddy
and maybe i will find another defi type project with a lot of potential to grow in the near time buddy

I agree with your opinion, if you want to buy have to wait for a cheap price don't buy when the price is high, if this is done I'm afraid there will be a dump for Altcoins, so for that better think if you want to buy it, or you can also look for cheap Altcoins but You have to see and judge first whether Altcoins are good or bad to invest in because this will all be your future.

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September 01, 2020, 12:36:48 PM
 #16

I am looking at several DeFi coins, but I am not buying yet. Right now, everybody wants to find the next DeFi coin thats gets heavily pumped, so FOMO is becoming real.
Sooner than later, there must follow a correction and maybe then it is time to invest.

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September 01, 2020, 01:38:12 PM
 #17

I would probably not buy those Defi coins that you have mentioned OP because it's too risky and I don't even know them and I don't have any idea if those coins will go higher these coming days. Then, I already miss the Defi project that I have been watching which is the Mantra Dao, and right now, I don't have any plan to enter or buy this coin because the price of this is already too high like it's now around .5$ and its presale price is around .0.05$ to 0.07$. There is still great hype on Defi projects that's why we need to be good at choosing the project where you are going to invest and don't forget to do research.

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September 01, 2020, 01:56:18 PM
 #18

The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?
It is too late for me,Lucky those who rides from the start but now that they have attain their Hype.
I hope i have ride with this since last year so maybe i rather profiting now than my 2 sleeping coins for almost 2 years now lol.
But still i have no plan of selling them because i only  gather them from some Bounty in the past.

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September 01, 2020, 03:05:56 PM
 #19

Be carefull if you invest based on hype, you will gone lose at the end. Moreover if you store your money for long term investment.

You can find a good altcoin that has been trusted, I mean the coin keep standing although there are a lot a bad news  came.

You may good to choose ethereum which is DeFi project comes or bitcoin that looking good if you store your money now. There is a lot of information about bull run market, so as you have to be carefull to choose for your investment place.

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September 01, 2020, 04:20:19 PM
 #20

I am not interested in buying useless projects like a fool, even though I do get huge profits and don't care about their future projects, I am really not interested. It will only keep bad projects popping up and make the crypto world ugly

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