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

[darewaller]

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

We will get to see defi continuously make profits for people and there will be big gains from them in the long run, the difference between ICO/IEO world and DeFi world that separates them is the fact that DeFi could stay and not go down and be forgotten that easily and it could be a long term thing.

I understand that many people assume this is all just a hype but the fact is I sense that the money we are putting into defi will probably not go down a lot, maybe just a bit but instead of going into all the new projects that looks shady right away but might profit you, it will probably go to main guns that will make people profit. This is going to make these defi projects keep going up for a long time, instead of hundreds of defi that gets funding, we will have few that will go on forever.

[MandatoryOption]

As others said already, you cannot compare BTC to some random Defi PnD shitcoins. Sure, they might give you a good return in the short term but when you miss the exit point you are getting dumped on. Just look at all the hacks, scams and scandals the Defi space has seen over the last couple of months. If you pick the wrong token you are risking losing everything. Of course Bitcoin has its volatility too but it's way safer than all the Defi-hype-tokens.

[fridrix21]

I don’t believe in $ 300,000, but Bitcoin could go up to $ 50,000 next year. Buyers are much stronger this time than in 2017. The main thing is to break through the important level of $ 20,000.

[tarable]

I don’t believe in $ 300,000, but Bitcoin could go up to $ 50,000 next year. Buyers are much stronger this time than in 2017. The main thing is to break through the important level of $ 20,000.

How important is it for Bitcoin to break the $ 20,000 level? hasn't it been penetrated by Bitcoin in the past, then why are you so sure that next year Bitcoin will break up to $ 50,000? Are you sure more will buy Bitcoin next year? if so, how did you know this? because it concerns the future.

[nicecrypto]

don't compare the performance of btc to defi pls, most of the defi project are artificially pumped and should not even be compared to btc performance which is driven by real demand, just give those defi's some few more weeks and see what the outcome will be.
defi performance are temporary while btc performance have last a decade, try wrap your head around that.