Yurkov
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Pepemo.vip
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October 20, 2020, 06:17:10 PM |
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Some of them that did not join because of the hype with intention of making money will stand the test of time. Some of them are developed by the dev team that created some of the first generation altcoins such as the Flamingo token that is developed by the NEO team. Just like we have witnessed the fall of ICO,STO and IEO. DeFi too is going through the same trend but that does not mean there are still not some successful ones
Unfortunately, we must say that a large part of the projects are simple scams. Also, a large number is created by inexperienced developers who will simply lose investors money through bad decisions. Certainly some of them will manage to appear on the market and create a useful product. However, I am sure that the situation with DeFi will be similar to what happened with the ICO market. The scale will certainly be smaller, because now investors are much more cautious.
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Mealea
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October 20, 2020, 06:56:43 PM |
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I guess you mean that Defi will also end up like ICO. Degi is the trend in crypto space right now, anyone that want to enjoy the the crypto space right now must be involved in Defi directly or indirectly. Most projects are now adding Defi to their plan in order to sell their product. If Defi will end up like ICO, only time will tell.
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SirLancelot
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October 21, 2020, 06:33:44 PM |
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A lot of people are comparing ICOs with DeFi hype and they are not entirely wrong because there are indeed many scam projects being made in the name of DeFi right now and there is again the same problem, there are good ones but those are in minority right now.
Look wherever finance is involved there will be opportunities and scammers both ready and it is upto us which one we invest with so just be wise and make sure the project you are looking to invest is actually a genuine project rather than just a fake bubble that will burst once they get their pocket full of money.
I was so hyped for Defi but to be honest I have to agree, this looks like ICO 2.0 so far apart from a few good ones.
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Lhaine
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October 21, 2020, 06:39:40 PM |
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A lot of people are comparing ICOs with DeFi hype and they are not entirely wrong because there are indeed many scam projects being made in the name of DeFi right now and there is again the same problem, there are good ones but those are in minority right now.
Look wherever finance is involved there will be opportunities and scammers both ready and it is upto us which one we invest with so just be wise and make sure the project you are looking to invest is actually a genuine project rather than just a fake bubble that will burst once they get their pocket full of money.
I was so hyped for Defi but to be honest I have to agree, this looks like ICO 2.0 so far apart from a few good ones.
I also don't think DEFI will last long, I think it will disappear soon, unlike ICO that it takes two years before many investors see that it use by scammers to gain Money from investors. Which in defi right now its already happening there are many project already flashed and use by many scammers.
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amonymous
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October 21, 2020, 06:41:30 PM |
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We are hype time right now which like feel 2017 when ICO was big hype and there results many scam project after years. Likewise two different think one you can enjoy this defi hype time or you can avoid. If you want enjoy this time then look forward best defi project then doing invest.
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Bitcoinislife09
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October 21, 2020, 07:39:45 PM |
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it is at their own risk to join such a project. So they did it on their own terms, anyone can lose and win if they join Fomo like this. must be prepared with the risks, because this is like a bubble that is ready to explode at any time.
Investing is really risky in ICO projects even in the past years. And scam projects are everywhere these days and pandemic just makes scammers so frequent. In investing in some project is still profitable in my experience the market volatility could easily give you profit even in altcoins. I thought in the past month investing in some altcoins or ICO is not profitable anymore because of so many scams projects in the past. But after trying to invest a few funds again in your projects it was still profitable but the risk of investment is still high and it was a big gamble for every investor.
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jostorres
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October 21, 2020, 08:44:03 PM |
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I guess you mean that Defi will also end up like ICO. Degi is the trend in crypto space right now, anyone that want to enjoy the the crypto space right now must be involved in Defi directly or indirectly. Most projects are now adding Defi to their plan in order to sell their product. If Defi will end up like ICO, only time will tell.
The problem is that people get hyped too easily and they criticize equally badly when they don't get the expected returns. People expect like million dollar profit within a week with defi coins and this is just the wrong way of looking at it because must look at this as an opportunity to earn but there will always be bad tokens so it is not like you close eyes and invest and then blame defi if you don't succeed. It looks like the excitement over DeFi continues, but it's good to remember that something bad can happen so stay wise and be aware that the unwanted might repeat itself as an ICO once triumphed in its time and then left so much disappointment for deceived investors. , by a fake project project.
As long as there exist investors there will always be scam or fake tokens because scammers want to juice out as much money as possible from these innocent/new investors.
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disconnectme
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October 21, 2020, 09:16:10 PM |
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It is, this is something we should expect, when there is money involved in any system scammers are bent to exploit it, he onus is now on any investors to research carefully the project he/she wants to invest into. I think as the bull market continues we will see more scam, remember we have not even reach the level of Bitconnet yet
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SaShiRaJaVu
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October 21, 2020, 09:44:50 PM |
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The problem is that people get hyped too easily and they criticize equally badly when they don't get the expected returns. People expect like million dollar profit within a week with defi coins and this is just the wrong way of looking at it because must look at this as an opportunity to earn but there will always be bad tokens so it is not like you close eyes and invest and then blame defi if you don't succeed. If you look at the market, it always moved along with the hype, in the beginning any news coming out from certain countries would have a weight age and that would propel the price forward and now that is gone and then the ICO hype was there and now when the market is about to go higher we have the DeFi hype as well as other news.
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JeffBrad12
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October 22, 2020, 07:28:21 AM |
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We are hype time right now which like feel 2017 when ICO was big hype and there results many scam project after years. Likewise two different think one you can enjoy this defi hype time or you can avoid. If you want enjoy this time then look forward best defi project then doing invest.
Even the best defi projects have been getting a very big crash like the shit scam defi projects. The bubble will not be last forever and we have learned a lot from the ICO bubble and DEFI bubble to never try to hodl anything for the long term. The defi scams have already started to pop up in the crypto market. Million dollars have already stolen by hackers too. The same trend will always repeat and i will expect the next bubble trend will come next years.
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Silberman
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October 22, 2020, 03:46:59 PM |
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It looks like the excitement over DeFi continues, but it's good to remember that something bad can happen so stay wise and be aware that the unwanted might repeat itself as an ICO once triumphed in its time and then left so much disappointment for deceived investors. , by a fake project project.
I will admit that I am somehow surprised that the DeFi hype is still going on when there are so many scams in the market right now and it seem most people cannot tell the difference between the good and the bad projects, but it is not my responsibility to save people from their own mistakes and even if I could hope for things to turn alright for most people deep down I know this is not possible as it is impossible that each person becomes a winner and that most likely a great deal of those that have just recently entered this market will lose most if not all their capital, by investing in those coins that for the most part can only sustain their price thanks to the hype it has been generated during the last months.
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FanEagle
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October 22, 2020, 04:42:28 PM |
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With the way DeFi was going I already was expecting it to end like this. Seriously, just look at how these projects were growing like crazy, how can a genuine investment go from $1 and the next thing, within a month or so, you’re seeing that it’s being sold for over $50k or so, lol.
So, I wasn’t surprised when they started becoming total failure. Although I am not saying all of them will fall, there will still be some of them around. But with the way they were moving , majority of them were doomed to fail and that’s what they are currently experiencing.
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Geleve
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October 22, 2020, 05:20:02 PM |
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Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
i dont think so. defi hype is almost over. and ethereum fees are so high. Ieos are more effective nowadays. I think ieos on binance launchpad are the only good platform for newborn projects.
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articlecity
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October 22, 2020, 05:25:55 PM |
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Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again
Friend, do not stress much about defi projects, all new projects will have to prove their worth in the market first so if you like some project wait for them to prove their credibility and performance and then you can invest. If you are not a risk taker then it is better to stay in top 10 coins with less risk and also bull market is highly expected now so that is the better option.
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inoes
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October 22, 2020, 11:00:25 PM |
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in every good project that can be profitable, there will definitely be some naughty people who try to make a profit. You hope to be more alert because I've come across DeFi which turned out to be a scam, namely Unswap on the grounds that sending some ETH later would get a bonus token from them. broadly similar to ICO scams. namely Hype
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erikoy
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October 22, 2020, 11:15:04 PM |
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Scammers never get tired of attempting or doing fraud activities. This is one of the sad part in cryptocurrency where we let scammers do their business and not getting caught and are free to do things such. They get even motivated when many people do like to invest and are getting into their trap. So what do we expect that people or investors are leaving in cryptocurrency investments because of this scammers that are good for nothing stealing money of other people in a legit manner.
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Kasabus
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October 22, 2020, 11:23:14 PM |
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Scammers never get tired of attempting or doing fraud activities. This is one of the sad part in cryptocurrency where we let scammers do their business and not getting caught and are free to do things such. They get even motivated when many people do like to invest and are getting into their trap. So what do we expect that people or investors are leaving in cryptocurrency investments because of this scammers that are good for nothing stealing money of other people in a legit manner.
Scammers are becoming even more rampant nowadays with this hype defi projects. Yes they are even more motivated when investors keep on investing on those hype projects that will only die on the latter part and definitely lost their money. I guess this is what makes cryptocurrency leaves a negative impact to some people particularly investors who cannot live the risks in crypto market.
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flagpara
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October 22, 2020, 11:57:24 PM Last edit: October 23, 2020, 12:08:28 AM by flagpara |
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We are hype time right now which like feel 2017 when ICO was big hype and there results many scam project after years. Likewise two different think one you can enjoy this defi hype time or you can avoid. If you want enjoy this time then look forward best defi project then doing invest.
This investment left us at the highest risk. I believe only 5-110 percent DeFi projects from the whole running ICO. Already listed exchange coins are a low risk. Right, many investors are enjoying DeFi hype. Whatever hype makes any DeFi projects, after the exchange listed, correction time will come. Maybe before (Correction) again bullrun of cryptocurrency.
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Freebieindia
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October 23, 2020, 12:36:15 AM |
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yes, the reality is 90% of the new defi projects launching everyday will die. Many even dont have website. They are just taking funds on telegram. Mnay are scams. Many will turn scam. And many will not be able to survive in the market. Only few genuine projects with real use case and strong team will survive. Same like ICO hype in last bull cycle. But then it will only give a chance to make insane amount of money before going scam. This is what it is. It will repeat again.
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Silberman
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October 27, 2020, 05:11:26 PM |
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With the way DeFi was going I already was expecting it to end like this. Seriously, just look at how these projects were growing like crazy, how can a genuine investment go from $1 and the next thing, within a month or so, you’re seeing that it’s being sold for over $50k or so, lol.
So, I wasn’t surprised when they started becoming total failure. Although I am not saying all of them will fall, there will still be some of them around. But with the way they were moving , majority of them were doomed to fail and that’s what they are currently experiencing.
It seems that when there is a bubble any kind of common sense goes out of the window, it is as if people do not really understand how the economy or the market works and this is puzzling as it is in fact very simple, if you earn one dollar then that dollar did not magically appear on your account, that was a dollar that someone else had and that now you took away by being smarter than them. Which means that if a coin grows in price from 1 dollar to 50 dollars unless the demand can be maintained then its price is destined to crash sooner or later, and which kind of an asset can justify trading for one price one month and then trade for 50x the next month? And no asset can justify that kind of reevaluation.
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