Any suggestion in investment in Defi coins/tokens

[chikator]

Nowadays the Defi project is growing very fastly and many of the coins/tokens are successfully trading and many big investors are getting into it. So, I want some suggestions in investment in Defi coins/tokens and which Defi project should I can invest in, as a short time to get a good gain.

Maybe you should consider going after DeFi if youre just in it because you got swept with the hype. Theres a lot of projects out there who switched to DeFi and then just ran with the money when they got investors in.

[semobo]

Decentralized finance doesn't really have any benefits to the traditional lending system but it has more cons to add which definitely make the defi projects useless in the long run.For example giving complete control of your funds to someone will result into complete loss if the value of the coin dumped and also attacks from hackers can be the real challenge.

But in the traditional lending system you are too giving complete control of your money to someone else. Most of the time you don't even know who is in control of your money. As for hacking, traditional banks can be hacked too (not really hacked, but robbed). The only difference is that money in the bank is insured. I guess eventually DeFi users will be able to insure their money to be safe from dumping tokens and bad smart contract code. DeFi is still new and it needs more time to develop to become a competition to the traditional lending system.

Traditional lending system is kind of having lot of benefits like low interest rates and not really any need for collateral for some kind of loans but for decentralized we need to give something that equals to the value we are getting so it better to sell that and have the money we wanted in my opinion.

[ahmia39]

Maybe you should consider going after DeFi if youre just in it because you got swept with the hype. Theres a lot of projects out there who switched to DeFi and then just ran with the money when they got investors in.

Yes, if people like to chase Hype at this time, it would be great to choose the DeFi project because this DeFi system has been used by several projects this year so that their project can be recognized again in a new trend this year.

[slackovic]

Traditional lending system is kind of having lot of benefits like low interest rates and not really any need for collateral for some kind of loans but for decentralized we need to give something that equals to the value we are getting so it better to sell that and have the money we wanted in my opinion.

That's not true. When you need a big loan, you need mortgage. And when you need a smaller loan (like for buying a car), a bank can confiscate your assets if you can't pay back your loan. In decentralized lending system no one can confiscate your assets in order to pay back the loan.

As for selling crypto instead using is as a collateral, why would that be better? If you give BTC as a collateral, you can get loan and then when you pay it back, you withdraw your collateral. In the mean time BTC price can go up and you would be sorry for selling your BTC instead using it as a collateral.

[semobo]

Traditional lending system is kind of having lot of benefits like low interest rates and not really any need for collateral for some kind of loans but for decentralized we need to give something that equals to the value we are getting so it better to sell that and have the money we wanted in my opinion.

That's not true. When you need a big loan, you need mortgage. And when you need a smaller loan (like for buying a car), a bank can confiscate your assets if you can't pay back your loan. In decentralized lending system no one can confiscate your assets in order to pay back the loan.

As for selling crypto instead using is as a collateral, why would that be better? If you give BTC as a collateral, you can get loan and then when you pay it back, you withdraw your collateral. In the mean time BTC price can go up and you would be sorry for selling your BTC instead using it as a collateral.

So what will happen when the user dafualt loan on defi platform? He could never access the collateral which literally mean we lost our property/asset right?

Don't forget smart contracts codes were exploited in the past so if that happens then you might lose your assets as well.

[deathcode]

Maybe you should consider going after DeFi if youre just in it because you got swept with the hype. Theres a lot of projects out there who switched to DeFi and then just ran with the money when they got investors in.

Yes, if people like to chase Hype at this time, it would be great to choose the DeFi project because this DeFi system has been used by several projects this year so that their project can be recognized again in a new trend this year.

the popularity of the Defi project has been trending this year. It's only natural that short-term traders and investors are looking to some new Defi projects. but be aware, when anything is popular on the market there will always be scammers.
everyone will of course hope that a good market situation like this one can survive and continue to grow for a long time. but we will see the end of the popularity that is currently on the market.

[Restmand]

Nowadays the Defi project is growing very fastly and many of the coins/tokens are successfully trading and many big investors are getting into it. So, I want some suggestions in investment in Defi coins/tokens and which Defi project should I can invest in, as a short time to get a good gain.

Honestly, I cannot suggest anyone to invest on Defi because until now I am still observing the movements of this project. I have joined many bounty campaigns of Defi believing it can give earnings in the future, but for investing this Defi project I cannot say don't and yes maybe its up to the one who want to invest what I want to say is observe first because this project is new in this crypto business.

[sayam]

Investing in crypto is risky all the time. However, the way DeFi projects create hype is tempting. So many people in greed invest in the wrong project at the wrong time. So I think we should refrain from investing in DeFi projects no matter how tempting it is.

[dmzworld]

I will advise you look into $BLZ, https://bluzelle.com as the project has gotten a solid and hardworking team behind it.
Some great highlights of the project include:
i. Powered by Cosmos
ii. Decentralized data storage
iii  Maximum security of data
iv. Enable tokens to connect regardless of what blockchain they originate
Last but not the least, you can read more about them online.

[nutildah]

I'm gonna take this in a different direction and recommend the only long or short term DeFi project I have confidence in, and that's Bitcoin (BTC). As far as decentralizing one's own finances is concerned, the Bitcoin Network is by far the most decentralized in terms of global node count. In general, there's no safer option when it comes to taking control of your own finances, and while the real-world infrastructure simply isn't in place for most DeFi projects, it is in place for Bitcoin (more than any other coin, that is).

Pros:

• Largest user & merchant base in the world
• Secured by more computing power than all other coins combined
• Greatest amount of volume, stability

Cons:

• Nothing to farm
• No 1000% in 1 week gains
• Not tradeable on UniSwap

Bitcoin, for all your DeFi needs.* "We're already here."


*do you actually have any "DeFi needs," or are you just looking for some of those super sweet gainz?