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Author Topic: DeFi Bubble Burst?  (Read 532 times)
CaVO32
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October 09, 2020, 11:41:51 PM
 #41

I think DeFi isn't over yet, there are still surprises later this year. Just pay attention to some DeFi projects starting to experience price increases,
I am still optimistic that DeFi projects are still good for investment, based on the research and analysis I have done, DeFi projects are still a trend
until 2021. If anyone disagrees with my opinion, it's up to everyone's opinion. Because everyone must have different thoughts and beliefs regarding
DeFi projects.


I am sure, DeFi is not yet over. As most of these platforms are still in beta, and we don't know if they will ever get out from their beta stage, we are still awaiting how these platforms will cater crypto users. And there are still DeFi projects that are being launched everyday. But we don't know how serious they are in this chosen field. Maybe by next year, we will know which of these DeFis will still be alive and doing what needs to be done as a DeFi platform. Up until now, I haven't seen what exactly is the purpose of DeFi - for example the YFI project, since they are in beta, we don't know what kind of  services they are going to provide with crypto users. And yet, they have been copied many times over, imitated and faked and the whole nine yards.
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October 10, 2020, 01:11:15 AM
 #42

I think DeFi isn't over yet, there are still surprises later this year. Just pay attention to some DeFi projects starting to experience price increases,
I am still optimistic that DeFi projects are still good for investment, based on the research and analysis I have done, DeFi projects are still a trend
until 2021. If anyone disagrees with my opinion, it's up to everyone's opinion. Because everyone must have different thoughts and beliefs regarding
DeFi projects.


Agree, the DeFi project will continue to develop and regarding the price which is falling at the moment, I think many factors could be causing it. One of the factors is that investors start selling to take advantage of their investment and besides, I think many investors prefer to take short term decisions.
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October 10, 2020, 08:11:27 AM
 #43

My opinion is not over yet, where people's interest is still high and investors are still making trade transactions. Exchange providers are also competing to provide a place for Defi-based exchanges.
I quite agree with it but we must also see the fundamental of the defi right now. Someone has already created a thread that has already discussed how much value that has already gone from the defi platforms.
People are also seeing the defi projects very similar like the ico projects. There will always be the time when people will be feeling bored with it.
Investors are making the transaction in the defi platforms but they never think to use the defi coins as their long term investment.
In fact, if people will always jump from one to the another project.

That's very true, many say defi is a bubble and it is certain that investors will not invest long in defi because they don't know when the bubble will burst.
The defi period is not over yet, that's right because there will be new bubbles that will be created
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October 10, 2020, 08:18:49 AM
 #44

Why are you confused about the defi bubble? The fact is that today the exchange volume on the decentralized financial exchange has reached 900 million dollars. This amount proves that Defi has not lost its prestige.
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October 10, 2020, 09:00:42 AM
 #45

I was expecting this to happen since most of them always end up the same ICO was the longest one and the beginning of all of it.
I expect that most crowdfunding projects would crash it is just a matter of time.
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October 10, 2020, 09:30:56 AM
 #46

Why are you confused about the defi bubble? The fact is that today the exchange volume on the decentralized financial exchange has reached 900 million dollars. This amount proves that Defi has not lost its prestige.
I thought that if it's not included with the total amounts that are still getting locked on the defi platforms. IMO if these amounts can't be taken as a reason to determine whether the defi has lost its demand or not. Remember that even there are lots of volume in the market didn't always mean good for the price. I just take YFI as an example and how it was going down so much from 45k to the 12k just in two weeks.
There must be a better reason than it but I do agree if defi is still holding the trend,

 
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October 10, 2020, 09:46:01 AM
 #47

That's very true, many say defi is a bubble and it is certain that investors will not invest long in defi because they don't know when the bubble will burst.
The defi period is not over yet, that's right because there will be new bubbles that will be created
The investor will only invest in DeFi for a short time because they think that the DeFi trend will not stay long.
If the investor is smart, they will only buy the DeFi token and sell it when the price increase, and they do not touch the token anymore if the price is not at the bottom because they think that after the price touch the highest price, sooner or later, the price will go down too deep.
Besides that, many DeFi projects become a scam, which makes the investor worry about selecting the project to invest.
It is better to wait for a while until the situations are conducive.
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October 10, 2020, 12:50:14 PM
 #48

We have witnessed a massive popularity regarding DeFi projects, but it's seems that DeFi hype is over. For the past week DeFi tokens plunged massively.

Loses over the last week:
Chainlink: 12%
Aave: 19.5%
Uniswap: 32%
Yearn.Finance: 44%
Compound: 20%
Uma:33%

Read more: https://www.worldcoinindex.com/nl/news/defi-tokens-plunge-in-a-wide-sell-off-is-this-the-defi-bubble-burst

I never thought that the hype would end up this soon. I mean considering the amount of projects that switched to DeFi, this is unforeseen. Youd think it would stick much longer.




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October 10, 2020, 12:55:05 PM
 #49

I never thought that the hype would end up this soon. I mean considering the amount of projects that switched to DeFi, this is unforeseen. Youd think it would stick much longer.

For me it lasted longer than I thought it would be. DEFI according to my idea are highly efficient way of doing doing P2P exchanges, P2P loans and other financial activities that would not involve a middleme. When there's no middlemen, the users would be the one that's rewarded most. The platform too makes a profit but the profit made by the platform is a small fraction, which itself can be high if they can move large volume of coins. i.e. for a Defi to sustain, they should have lowest fees and large volume. For that to be true, there would be just a small number of successful Defi and in no way would it be money generating machine for investors.



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October 10, 2020, 10:10:39 PM
 #50

~
And also, it catches the attention of those investors that are wise enough to dump whenever it is needed and necessary. While you're not yet there, secure your profits, you will never know if you're the next to experience dumping with the token you hold.
we must be able to adapt, with changes in the ecosystem in the crypto world, trends always change, as well as risks and challenges. DeFi does offer pretty good opportunities, but don't get your hopes up for big surprises like what happened before, if we expect too much and rely only on luck without being based on analysis, we might lose. DeFi trains are already running fast, don't force a ride if we don't have enough preparation.
And most defi projects that skyrocketed in a short period of time, we can see that they are also taking a dip. The importance of determining the proper timing of entry and exit is key.
Very true.

The trend changes from time to time and people, investors should be away of that and take note that they're not going to be there for a long time. Except for bitcoin and other major altcoins which had created a significant following and community that will never get out of it.

In defis, right, they have given opportunities but it doesn't mean that the opportunity that it is offering is for everyone. As you have said, you need to adapt.

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imstillthebest
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October 10, 2020, 10:19:40 PM
 #51

I was expecting this to happen since most of them always end up the same ICO was the longest one and the beginning of all of it.
I expect that most crowdfunding projects would crash it is just a matter of time.
not ico because there are coins already that are failing before ico came . ico was like an agency of failed coins and the recent defi was the same with it . yournt alone to expect this but we all expected this to happen .

it was sad that wherever theres a new agency of coins people will still have the same expectation with them which is poor . defi bubble hasnt bursted yet because theres still coins that are contiously being created under them .
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October 10, 2020, 10:22:36 PM
Last edit: October 11, 2020, 01:18:29 AM by StephenJH
 #52

The current market is in bearish mode, waiting for bull market confirmation can help the traders to find the right price point for entering the new trades. The market crash was expected, the bubble will burst more after the investors go to liquidate their big alt bags. The Uniswap is the biggest leader in this pump and a 32% loss in a week is the common thing if the token price climbs more than %100 less than a month. I predict the market will turn the red and DeFi altcoins will lose the value heavily.

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Yaseen Wallis
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October 10, 2020, 10:29:16 PM
 #53

Every year there is a trend, one year we have ICOs, next is masternodes, than IEO.. the flavour of the year is DeFi.
A shame so many people lost money on projects that had zero innovation, or even a chance for that matter.
amos77978
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October 10, 2020, 11:10:41 PM
 #54

I think the current down market is a general thing... and as for uniswap token.. the price will go even further down what it is currently worth
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October 10, 2020, 11:11:48 PM
 #55

I think the current down market is a general thing... and as for uniswap token.. the price will go even further down what it is currently worth
while I was happy I got a bit of uniswap airdrop about 400 uni.. I quickly sold when I realized that... theres simply no incentive for one to hold onto uni token.. considering the large supply
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October 11, 2020, 04:09:43 AM
 #56

There are a huge number of great defi projects such as
Maker DAO, Uniswap, Aave. I think that it is not correct to say that all Defi projects are a bubble. You just need to carefully study the projects and not give your money to scammers.

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October 11, 2020, 10:01:33 AM
 #57

There are a huge number of great defi projects such as
Maker DAO, Uniswap, Aave. I think that it is not correct to say that all Defi projects are a bubble. You just need to carefully study the projects and not give your money to scammers.
Yes, as always some defi are good, some are bad, it is unfair to call all of them bad. But market is oversaturated with them and bad ones are ruining it for legit ones.
Samayuki
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October 11, 2020, 10:46:58 AM
 #58

We have witnessed a massive popularity regarding DeFi projects, but it's seems that DeFi hype is over. For the past week DeFi tokens plunged massively.

Loses over the last week:
Chainlink: 12%
Aave: 19.5%
Uniswap: 32%
Yearn.Finance: 44%
Compound: 20%
Uma:33%

Read more: https://www.worldcoinindex.com/nl/news/defi-tokens-plunge-in-a-wide-sell-off-is-this-the-defi-bubble-burst
Most of these loses  are recovered right now since bitcoin starts another bullish move over 11,000$ ,I sure that what we witnessed weeks ago is just correction although not all DeFi projects are reliable but the littles DeFi's I invested on are all bullish right now, as a investors we shouldn't expect coins to always shot for the sky, there will always be time for retrace

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October 11, 2020, 11:59:36 AM
 #59

The current decline is global and cannot be faulted for a coin or defi.
because the market is in a declining state, although the defi is admittedly a bubble but the current situation is happening globally not only in crypto market but the whole market.
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October 11, 2020, 02:22:59 PM
 #60

Uniswap: The price of the token of this project has been changing rapidly over the last month, so it is not entirely correct to estimate recent price changes. Tokens continue to be distributed as a reward to participants for using the Uniswap project
https://app.uniswap.org/#/uni
This will last another 36 days, you have to wait until the distribution stops and we get the real market price

Chainlink:I think that now the price is too high

Yearn.Finance: 💩💩💩  Grin

Uma:I didn't have time to buy at the beginning, but I understood that the price would fall, so you need to watch out when a good reason to buy comes


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