Rowenta
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November 06, 2020, 10:46:40 AM |
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DeFi brings good profit for investors weeks ago and right now the price are down massively, I don't think these projects can recover unless altcoin season takes over In coming weeks, to say the truth DeFi did pay off, only greedy investors will hesitate to take profit
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ttcsalam
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November 06, 2020, 11:18:15 AM |
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In fact, it is very difficult for any new investor.A close friend of mine made me aware of the matter.Even then I got caught so it really is a lot more difficult for me.But it's a mystery I couldn't unravel.
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InwardContour
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November 06, 2020, 11:57:06 AM |
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DeFi brings good profit for investors weeks ago and right now the price are down massively, I don't think these projects can recover unless altcoin season takes over In coming weeks, to say the truth DeFi did pay off, only greedy investors will hesitate to take profit
You all sound as though DEFI bubble has burst, whereas DEFI in the real sense is a long term trend making waves already in crypto space. It's only normal for coin prices to crash, but if the project continues with development, definitely the price will pick up. AAVE (formerly LEND) is a very good example. I'm still staking and farming a few DEFI tokens, making reasonable profit from it. The main issue is that there are many new scam DEFI projects which fold up especially when the team sells off massively on uniswap, balancer or related exchange , making liquidity very low and creating FUD. DEFI hype has not actually declined as purported.
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Ayiranorea
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November 06, 2020, 02:52:45 PM |
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DEFI hype isn't over, whenever there exists a new platform the previous thing gets over. In the past ICO market was much hyped, and this didn't lasted for longer time period. When IEO reached the market automatically the ICO hype got over. Now people are much into the DEFI projects. Now it is in the very beginning of hype, so it takes a little time for the DEFI hype to get over.
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masterrex
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November 06, 2020, 03:29:02 PM |
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I think you're right Mate, Defi hype was slowly faded away because most of the Defi token price is decreasing on day to day basis, and even the Yearn Finance token (YFI) price is also decreasing from its $43K all-time high during September 2020 now it was down to $10K per YFI token, but again it was still expensive it's better to wait in the following days and let us see what will happen to the proud Defi.
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koang
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November 06, 2020, 04:32:02 PM |
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Many experts think DeFi development is a temporary sensation and won't last more than a year. But not all DeFi will die, some will last longer. So we must be careful before investing. Because at present not profitable.
I think the DeFi hype was over and started switching to NFT. IMO
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Dondeon
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November 06, 2020, 05:33:07 PM |
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Contrary to your post, I do not agree that Defi hype is over because as at the time you made this post, the market was down generally, it is not just about Defi alone. As far as I am concern, some Defi projects will definitely strive strong as we approach the bull run.
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ningrum
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November 06, 2020, 07:13:49 PM |
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now Defi is increasingly giving many victims, many people buy Defi coins at high prices, for new projects I do not recommend that you follow and buy them, many cases have occurred, you can see the chart from YFI, just like the bitcoin bubble in 2017-2018.
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chip1994
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November 06, 2020, 07:22:23 PM |
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DEFI hype isn't over, whenever there exists a new platform the previous thing gets over. In the past ICO market was much hyped, and this didn't lasted for longer time period. When IEO reached the market automatically the ICO hype got over. Now people are much into the DEFI projects. Now it is in the very beginning of hype, so it takes a little time for the DEFI hype to get over.
No, i don't think that's true. Take a closer look, between the ICO trend and the IEO trend. The ICO trend officially ended in early 2018 and since then the market has fallen back into a puddle of blood. It was not until mid-June 2019 that the IEO trend appeared. History has shown that the trend does not follow the trend, so trends can be extinguished at any time. As for the Defi trend, it is not over yet but at the same time it has lost the Hype. Maybe the reason is that Bitcoin is the main focus so the Defi projects are being slowed from the beginning.
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Pithaxz
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November 06, 2020, 08:19:06 PM |
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Many DeFi projects have already launched on the market and are now going too deep. in detail many tokens were unable to raise the price to the last high. We'll see what happens to the DeFi project later, and if DeFi still has the power to improve, it will bounce back. And I think investors will also take part in the Defi project back which they think is profitable for investment. but for me Defi is better for short-term investments, sell immediately when I see an opportunity and go with other coins that are more viable. The hype or FOMO is still in effect, I am worried for new investors who may have incurred huge losses after being caught up in the DEFI hype. let's say like a YFI coin, from $ 40k to $ 18k
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sambuddha
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November 06, 2020, 09:04:23 PM |
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I think you're right Mate, Defi hype was slowly faded away because most of the Defi token price is decreasing on day to day basis, and even the Yearn Finance token (YFI) price is also decreasing from its $43K all-time high during September 2020 now it was down to $10K per YFI token, but again it was still expensive it's better to wait in the following days and let us see what will happen to the proud Defi.
The total value of assets locked in YFI is currently US$334 million, down from the August all-time high of nearly US$1 billion. It is still a very popular platform and I believe in a bright future for the YFI token)))
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kaneki007
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November 06, 2020, 09:12:58 PM |
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I think the DeFi hype is still big because almost every day there are new projects, it's just that now the hype of every new project is short and there is a pump&dump at the initial price when release on uniswap. Maybe this hype will stop sometime because I see this like ICO hype in 2017.
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Twinkledoe
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November 06, 2020, 09:17:18 PM |
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I think the DeFi hype is still big because almost every day there are new projects, it's just that now the hype of every new project is short and there is a pump&dump at the initial price when release on uniswap. Maybe this hype will stop sometime because I see this like ICO hype in 2017.
The hype is not yet over because a lot of scammers are still creating their copy cats projects. So it means, they are still getting some audience in the DeFi market. They will slow down once there are no more naive investors buying their crap tokens in uniswap particularly. I can bet, in the coming months, there will be so many worthless defi tokens in uniswap once this hype period is over.
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tycsols
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November 06, 2020, 09:24:18 PM |
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Defi hype is gone for good as there were just too many scammers taking advantage of this trend. I always thought that DeFi is a highly vomplex or complicated subject that needs bigger ecosystem, volume and userbase to make it a success, based on this analysis i expect that there would be only a handful of successful defi projects in a couple of years but they will have extended ecosystem and really huge userbase.
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Nhebu
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November 06, 2020, 11:55:54 PM |
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Many experts think DeFi development is a temporary sensation and won't last more than a year. But not all DeFi will die, some will last longer. So we must be careful before investing. Because at present not profitable.
I think the DeFi hype was over and started switching to NFT. IMO
Changes are inevitable. Many hypes was came in market. Most of them faded by the end of the year. Dife, ICO and IEO all of them made profits but ended very fast. People are slowly adapting the changes happening in the market. If you want to be successful in trading, just do what markets want to do. In short, we have to go to the trend.
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MCobian
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November 06, 2020, 11:59:38 PM |
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It's too early to say that DeFi projects are over, because the decline in the price of DeFi projects is only because of the sudden increase in Bitcoin. I am sure if you see some popular DeFi projects that are still high in volume, this indicates that DeFi projects still have high demand. We just need to be patient waiting for the Bitcoin price to stabilize, after that we can see DeFi projects will recover.
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BChydro
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November 07, 2020, 12:00:08 AM |
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I think you're right Mate, Defi hype was slowly faded away because most of the Defi token price is decreasing on day to day basis, and even the Yearn Finance token (YFI) price is also decreasing from its $43K all-time high during September 2020 now it was down to $10K per YFI token, but again it was still expensive it's better to wait in the following days and let us see what will happen to the proud Defi. The ETH 2.0 will be rolling out soon and it will have a positive impact on the DeFi market as well, even when Vitalik Buterin tweeted about the upgrade the price started to move and the DeFi market was also having an impact with the price moving higher in all the DeFi tokens which means that once the upgrade is finalized we might see a huge rally.
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mexite
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November 07, 2020, 12:36:17 AM |
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I don't believe that the end of DeFi has come yet. In fact, DeFi WI play a prominent role in bringing blockchain to mainstream adoption and we will witness a new phase of innovations to accomplish that. The reason why the prices of many projects tanked is due to the mentality of many investors which is to make some quick bucks. Ultimately, investors move funds around, pump it into a new DeFi project, pull out when the price is up, take profit and repeat the process with another DeFi project.
This approach is not sustainable as blockchain is yet to reach maturity.
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chanler
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November 07, 2020, 01:02:12 AM |
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just waiting for time until bitcoin is stable, for now bitcoin is still not stable,
Will the prices of Defi tokens growing once Bitcoin is stable? I don't think any guarantee of this. Just look at the prices of Defi tokens, they have declined too much. Even if there is an increase once the bitcoin to be stable, I don't think it will return to the best performance. We cannot deny that the Defi project hype is over already. Also, I doubt if Bitcoin will be stable, it always moves up or down every time. I hope this coin defi will always grow and what people say is not true
It is likely contradictory to your beginning sentence. But well, as a Defi token holder, you mustn't be happy if Defi is over. Let's see what will happen after yesterday's Bitcoin increased quite high. Will Bitcoin be a sideway, declines, or continues the bullish trend?
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alrrez
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November 07, 2020, 02:19:03 AM |
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