Downfall of dia data (DeFi)

[South Park]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

It is not really difficult to guess what it is happening, this is a coin that while good depended mostly on its hype to get most of its value and when that happens bubbles form and as people begin to invest more money than they should this creates a misallocation of resources that needs to be resolved, and how this gets resolved? By a crash of course, which is exactly what happened to DIA, personally I do not see a fast recovery for this coin as people are not going to forget that easily all the money they lost but since I think it is a good project I think it should be back on track on one or two years.

[lobo13hf]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

If you are the old traders and you should have known the cycle in the trading but if you are not a part of the old traders and you will not know that. as far as i know when you are seeing DIA was getting dumped on binance and that means the traders have been using binance as a place to speculate the DIA coin.
People were buying DIA before it was getting listed on binance and these people will use binance as the place to sell their DIA. the whales were also doing this too. This is an old cycle that keeps repeating.

[Shasha80]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

If you are the old traders and you should have known the cycle in the trading but if you are not a part of the old traders and you will not know that. as far as i know when you are seeing DIA was getting dumped on binance and that means the traders have been using binance as a place to speculate the DIA coin.
People were buying DIA before it was getting listed on binance and these people will use binance as the place to sell their DIA. the whales were also doing this too. This is an old cycle that keeps repeating.

Absolutely this is just a recurring cycle, DIA dump prices when listing on exchanges is a natural thing to happen. Because investors who have
bought DIA and bounty hunters who own DIA immediately sell DIA simultaneously, the price is immediately dumped. But if the developer team
is active, DIA's price should rise again. I still believe in DIA, so for those who haven't had the chance to sell DIA because the price has gone
down quickly, just take it easy and hold on to what you have. And be patient waiting for DIA's price to rise again.

[fortebettor]

What About Uniswap ?

[vesper188]

Is there any chance to go back to 5 dol?

[fortebettor]

Is there any chance to go back to 5 dol?

I think so, it looks like a typical move for many projects, but uniswap has a solid foundation to last a long time and you can see the great commitment of the team.

[mdzahed134]

I really dont know whats wrong with DIA i actually went in after Binance listing and then it dumps so hard I just hope it makes a comeback soon Is still a credible project maybe their marketing or just too many oracles in the market

The price of DIA was affected badly by the KuCoin hack.
The hack and negative attitude of Kucoin and the passivity of DIA
Many requests for Kucoin update in DIA community, at least we get an AMA to know what's happening on this
But I think DIA has the potential to get a higher price, The number of coins in circulation is very small.
This will increase the value of the coin.
The team has to give the right news at the right time.
If all this happens, Dia will fly.

No, where you have seen bad effect in DIA after hacked. Now i see price a bit higher from which moment. Trading volume is still big. DIA is legitimate project so that they have been able to deal with incident. Too much possibility to rocket high at any time. DIA didn’t dropped below 1$ yet i think.

[pealr12]

Is there any chance to go back to 5 dol?

There is, chance but we dont know when will dia go back to 5usd. As far as i know all money is now on bitcoin as it pumps toward $15k by the end of the year.  Altseason will happen by next year so dia.

[Alexmagn84]

We can't anticipate that all these new coins should proceed with the flood, it was too clear that one day the entirety of this publicity would subside. From the outset, it came out as something incredible and individuals loved it and I do comprehend that I even preferred it, yet inevitably, it became something "how about we get rich from this overnight!!!" sort of thing which is the point at which it got crappy. After that period it was all individuals who needed to be rich and clearly they destroyed the market for all defi. Presently we just gotta stick around until they are completely gone and it won't be as advertised as it used to be nevertheless it wouldn't be as awful as it is at this moment, it will locate a normal where it is really making change, it will be fair and not colossal, consider DASH levels, that is around it.

[ichi]

We can't foresee that all these new coins ought to continue with the flood, it was too evident that one day the sum of this exposure would die down. From the start, it came out as something mind boggling and people adored it and I do understand that I even favored it, yet definitely, it became something "we should get rich from this overnight!!!" kind of thing which is where it got awful. After that period it was all people who should have been rich and unmistakably they obliterated the market for all defi. By and by we just gotta stay until they are totally gone and it won't be as promoted as it used to be in any case it wouldn't be as terrible for what it's worth right now, it will find a typical where it is truly making change, it will be reasonable and not goliath, consider DASH levels, that is around it.

[Nhebu]

We can't anticipate that all these new coins should proceed with the flood, it was too clear that one day the entirety of this publicity would subside. From the outset, it came out as something incredible and individuals loved it and I do comprehend that I even preferred it, yet inevitably, it became something "how about we get rich from this overnight!!!" sort of thing which is the point at which it got crappy. After that period it was all individuals who needed to be rich and clearly they destroyed the market for all defi. Presently we just gotta stick around until they are completely gone and it won't be as advertised as it used to be nevertheless it wouldn't be as awful as it is at this moment, it will locate a normal where it is really making change, it will be fair and not colossal, consider DASH levels, that is around it.

I agree to your point. Actually, almost all altcoins are bleeding today. The fact that btc is still in dominance, market price of altcoins are pulling down. The decline of dia price is usual since there is high volatility to the top coins in market. Traders wanted to satisfy this period before we enter of altcoin booming. For sure, when time comes dia will surely rise again.

[bitgov]

Sorry for little off top

We can't foresee that all these new coins ought to continue with the flood, it was too evident that one day the sum of this exposure would die down. From the start, it came out as something mind boggling and people adored it and I do understand that I even favored it, yet definitely, it became something "we should get rich from this overnight!!!" kind of thing which is where it got awful. After that period it was all people who should have been rich and unmistakably they obliterated the market for all defi. By and by we just gotta stay until they are totally gone and it won't be as promoted as it used to be in any case it wouldn't be as terrible for what it's worth right now, it will find a typical where it is truly making change, it will be reasonable and not goliath, consider DASH levels, that is around it.

We can't anticipate that all these new coins should proceed with the flood, it was too clear that one day the entirety of this publicity would subside. From the outset, it came out as something incredible and individuals loved it and I do comprehend that I even preferred it, yet inevitably, it became something "how about we get rich from this overnight!!!" sort of thing which is the point at which it got crappy. After that period it was all individuals who needed to be rich and clearly they destroyed the market for all defi. Presently we just gotta stick around until they are completely gone and it won't be as advertised as it used to be nevertheless it wouldn't be as awful as it is at this moment, it will locate a normal where it is really making change, it will be fair and not colossal, consider DASH levels, that is around it.

I am quoting these two statements for the moderator.

I have no idea why people do such things knowing very well that their account will sooner or later be automatically banned.

[TopTort777]

Sorry for little off top

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I am quoting these two statements for the moderator.

I have no idea why people do such things knowing very well that their account will sooner or later be automatically banned.

There might be a connection between them, as they both participate in same signature campaign, and mostly do video bounty campaigns. Gonna check their video for a search of more proof.

Or, ichi wanted to quote Alexmagn84  and failed with such an easy task

[peterpanda]

I said many places that defi projects are like a hype and people are joining in this trend. After some days they will realize this trend. Dia team should work properly to make it potential as it is listed on top exchanges.

[iamaruf]

Because of the bounty payments. They already paid 2nd phase of bounty rewards. Hunters selling their coins thats why price is decreasing. But project is good overall. Also DIA priced hyped and went 5$. For correction price decreased.

[FairUser]

Because of the bounty payments. They already paid 2nd phase of bounty rewards. Hunters selling their coins thats why price is decreasing. But project is good overall. Also DIA priced hyped and went 5$. For correction price decreased.

I don't see the issue of bounty payoffs affecting DIA's cost-effectiveness. Well with you that DIA's price is already too high compared to the start, but this is understandable when something has reached the limit of FOMO, everything happens in the few months we are seeing. At present, I think this is the right time to invest in DIA, after all, this is also a big project with great support from this market, very hopefully in 2021 DIA will be on the moon.