Despite hitting new 2020 highs, DeFi token gains in November outperform Bitcoin

[mrasel5t5]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

[hatshepsut93]

This is like saying that some shitty penny stock outperforms Apple. When the crash will come, altcoins and DeFi tokens will crash twice as hard as Bitcoin. It's pointless to talk about performance if you ignore the risk, because hindsight is always 20/20.

And also consider this - DeFi is not even 1 year old, where it will be in 11 years? Or even in 3 years? It's likely to end up just like ICO - abandoned and forgotten when crypto bros will find a new toy for pumping and dumping.

[NeuroticFish]

Also in gambling or lottery the very few ones that get the jackpot are in surreal profit. This doesn't tell the story of the ones that keep losing.
The same is with DeFi. Too many project are scams or simply falling and this makes the performance related news only tell the "smaller" "half" (heh) of the story (i.e. lying).
So thanks, but no thanks.

[X-ray]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

Defi was gaining the momentum caused by bitcoin. It's too early to said that to happen but defi is also getting the same traction as another altcoin too. There are so many scam defi in the market and the majority of these shitty garbage defi tokens were being pumped and these coins have become pnd coin. I can mention a scam defi coin like kimchi. It was getting pumped again without any reason.

[pealr12]

but btc still remains the safest investment despite the gains from defi, i bet you only few can say for sure they made good gains from defi hype this period because most of the defi projects end up as scam and many people lose money, why btc on the other hand gave decent profit to those who hold and have patience, to me btc perform great.

[cryptogod322]

It was always when bitcoin starts to grow, many are guessing cosmic prices, someone even believes in $ 1 million per bitcoin next year. 300,000 dollars is also a lot, it is very likely that this will not happen. When Bitcoin starts to fall, everyone will also say that it will fall to 1,000.

[InwardContour]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

I expected to see some write up about "DEFI Token gains outperforming Bitcoin" as seen on the topic, but the body just highlights BTC new highs. When comparing alts with BTC, you should consider a longer time frame and obviously BTC gains outperforms DEFI gains by far over longer time frame. Nobody knows when the DEFI hype will completely die down for a new trend to sprout.

[bosede1]

You did not really buttress your point with the gain Defi achieved in November but from here I think the momentum Defi got was because of the new heights in bitcoin. I have seen a lot of threads talking about Defi but despite this, I don't think the Defi token will outperform bitcoin in the coming years.

[YOSHIE]

Ah, Defi, defi again.

At times like this many people are jumping, as if Bitcoin is choking you, even though Bitcoin has opened your eyes, it's easy to be hooked with a coin that is priced higher than Bitcoin, remember bug, the defi came out and circulated on the market February 2020.

Bitcoin has opened your eyes to the digital world in 2009 "don't be like a peanut forgetting its shell".
At times like this defi, defi, oh defi, when everything collapses defi cheats, gullibility, defi evil, silly.

Try to read this briefly: https://bitcointalk.org/index.php?topic=5297829.msg55780292#msg55780292, maybe it will make you realize.

[DoubleAweSeven]

The title doesn't really correlate with the content though. Anyway, you don't really tell the whole picture of the DeFi market. Most of them are pump and dump that rakes thousands of percentage gains that outperforms Bitcoin bit dumps so hard that it became nothing. Most DeFi projects does this so your statement is really insignificant.

[bittick]

Every unpopular coin that vulnerable to manipulation could outperform major coins easily. reaching the new high for bitcoin takes tremendous effort meanwhile these defi tokens that comes out of nowhere could gain 1000% easily becasue they are not big coin in the first place with relatively low market cap
It's only right to say defi outperform bitcoin if their market cap is as big as bitcoin otherwise it's like comparing ant to elephant.

[Reatim]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

300,000$ is Really a dream for every Bitcoin Trader,holder because that is the fruit of all sacrifices specially those who had been Holding and supporting the coin.
But 300k is Far ahead for the Next years expected performance though the signsare given,Big companies like Paypal and others ,banks are adopting crypto and Blockchain. So if this will Happen then Thank you but if not?as long as the Value don't drop so hard and staying that level?i will still Keep buying and selling and also using if there are chance of using into merchant and resto.

[zulfi125]

Actually, DeFi Tokens are just creating hype, and most of the tokens launch on Uniswap pump, and after some days dump so, you can't say that the DeFi tokens perform better Bitcoin. Most of the projects are scams and failed, just only a few projects were succesful, I think Bitcoin can be reached at the price of $30000 but not can reach $300000 in 2021, so in the future, maybe the price will reach $300000 but not in 2021.

[Kupid002]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

As you said this is only an anlayze and can be wrong but if we can see the price of Bitcoin around 25k$ this year then 75k-100k is possible for next year depends if we can get a good market price in early days of 2021. For me the 300k$ for next year is not yet possible we have a hard time right now to break 20000$ so what else if the price increase that much.

[FireBallex]

If you think DeFi is better than bitcoin and top altcoins in crypto market then proceed and buy them but don't comeback on here and start crying about losing some money, you have been warned many times to be extremely careful with DeFi projects, very few, I repeat, very few DeFi projects are good, all the rests are just creating Hypes that will fade away very quick, the surge at first and later they dump big, goodluck

[Sterbens]

A lot of attention has shifted to Bitcoin since its massive Bull Run to new 2020 highs. The digital asset has surged from around $12,000 to over $19,000 in the last 2 months. And just like three years ago, the predictions have started rolling in, with some analysts predicting a price of $300,000 by the end of next year

indeed, the Defi token outperformed Bitcoin. but in the crypto world, what is superior isn't about high prices. but the value of the commodity and one's love for bitcoin cannot fade away just because the price of the Defi Token has soared.
You have to remember the strength of bitcoins is the most important thing of all. therefore, even if the price of Defi Tokens is high, people will still feel safe if they are on the bitcoin route.

that is why Bitcoin remains invisible to us from such an angle.

[rmyles25]

The popularity of DeFi is also causing problems because of the high fees. It seems it is more expensive to pay gas than use BTC transaction fees these days.

[bitkanu]

The popularity of DeFi is also causing problems because of the high fees. It seems it is more expensive to pay gas than use BTC transaction fees these days.

Is not it the defi was pegging to the blockchain? all of txs have been made on the defi will be broadcasted to the blockchain instantly, that means the fees play nothing in the popularity of defi. I think that you didn't understand how the mechanism of defi is working these days. you should learn more about that dude.

[sana54210]

It has nothing to do with shitty penny stock and apple, because in that sense you are probably investing into apple not for quick gain but for long term investment, whereas you could have a quick gain with penny stock which people do care about but know risky.

In defi world you could find tokens that you could invest for long term as well. Look at the uni token for example of the uniswap, you really think that is something that will gain very quickly and then be gone? Or dot? Or link? There are not thousands of defi that we can give example right now because it is new btw there are amazing tokens that you could hold for years without a worry. Penny stocks are not like that, they are almost always a bad place to put your money into and only good for quick small gains if you can.

[disconnectme]

Bitcoin now is in the class of its own and there is no token in the space now that come close to it, there is a reason why it has market dominance of more than 60%. If Bitcoin rises, Altcoins dump, if Bitcoin Dumps, Altcoins dump the more. I know one or two Altcoins will outperfom Bitcoin long term but Bitcoin will outperform more than 90% of the ALtcoins in the market in the next 3 years, just look at Ethereum, Ripple, Dash, NEO etc