Trading DEFI vs Trading Older coins

[TradingBull.io]

Always difficult to predict what is going to pump next.

But there are some indicators:

- Some projects have lot of hype around them;
- Investors and traders are very sensible to announcements
- DeFi is definitely hot rn
- Bullrun is still on going
- Many coins haven't yet pumped and/or are still undervalued (peer comparison)

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[thesmallgod]

Old coin has stand a test of time and some new defi too are doing great well but it could a great thing to note that many of this defi projects still greatly depend on old coin such as ethereum. Most of them are develop on ethereum block chain and it is a good thing to know that some defi such as YFI are still under developed with no info regarding the next thing to expect in term of development. I will advise you not to put all your eggs in one basket. ETH and some defi coin combination won't be a bad idea at all

[Ridwan Fauzi]

I do day trading with choosing a coin that being pumped or the coin having a good fundamental factor. Be it DeFi coin or an older coin becaus it doesn't matter to me. A coin that has a good fundamental factor will always up when the price meet a slightly correction. Even, we will see a small correction in the movement price.

I choose the coin because I can differentiate when I choose a coin that has fundamental and no, the coin that has fundamental factor will give a comfortable feel and I'll get a lot of profit. But when I choose the coin that doesn't has a fundamental factor when the coin meet a correction I'll be afraid and sometime I choose panic selling.

[lienfaye]

We cant deny that there are defi coins performing well in the market and good choice to take advantage because it can give us profit depending on our style and strategy on how we trade it.

But I think old coins are still safer because they are already well-established. If we track the history, these coins experienced to plunged but managed to recover back. Its just shows how reliable these old coins regardless if you want to trade it or hold.

Thus it depends on what we prefer, we know better whats more profitable so go with it.

[Yamifoud]

Do you think that it's better to trade older coins that are nowhere near the DeFi craze that we have right now?

So the DeFi Tokens that are hyped right now (from the top of my head)

• LINK
• UNI
• SNX
• DAI

DeFi coins were still hot in the market. I closely check the LINK coin and probably a good coin for me to trade. The more it becomes volatile the more chance we can possibly get huge profit but we should have to carefully understand the RSI before buying.
For now, I'm out of known coins, ETH, BTC, there are more gainers coins in the altcoins where some of them are just preparing for the hypes. Must have to catch it before it fires up and that was now I'm searching for.

[globalpain]

if you want a big profit, follow the trend, because the trend determines your profit income, the trend in 2020 is Defi,
and Defi has experienced a high increase of up to 1000%, of course this is different from old coins like Litecoin, Ethereum, and Monero which only rose a few percent in last year, but this year is very interesting, not only Defi but old coins are rising, and giving new trends, old coin collections are also because Ethereum has reached new ath, then old coins will also follow suit.

[crwth]

After reading all the posts, I believe that it's better to choose what's best for you. And for me, I would prefer the less "hot coins" at the current time, which are DeFi, and just possibly sit and wait to profit from my swing trades.

Same thing with those altcoins. The DeFi tokens are moving a lot more recently due to their hype so there's so much opportunity to time a long/short, while those other non DeFi altcoins are slightly more stable hence probably better to trade with options.

With the type of trading strategies that I have, I would prefer the stability right now because once I have chosen the wrong position, it would be a heavy bag. Which is what's happening to me right now.

Instead of accumulating some of them before, I instead bought the old coins or where those DeFi coins are built on.

I thought you were thinking about not riding the wave of it because you don't believe in it. Anyway, I think there's still time to be part of it though.

Maybe we should depend on the project that are fully packed with updates and news.

For me, I would have a hard time following the news because I don't check it too much. I have subscribed to a channel but I don't see it often. It's hard to ride the hype though.

Note: Old altcoins/ tokens give you better safety, risks of loss is smaller than DeFi tokens. At least for this period.

I do somewhat agree with this because of the current situation that we have right now. Having a larger audience of DeFi makes it seems more unpredictable compared to the old ones. I don't think it's more profitable but better to be safe than sorry.

I think you can use bitcoin to trade now as the price still moves up and down many times, so I guess you will have a chance to make a profit.

The movement of BTC is too big for my strategy right now, I don't think I would ever use it for now. If I base those types of movements with other coins, I would choose a stable movement type.

Perhaps, that still worth trying, but you need to be careful.

I did try a very small amount to trade in with DOGE and I would say that I was too late, lol.  

I choose the coin because I can differentiate when I choose a coin that has fundamental and no, the coin that has fundamental factor will give a comfortable feel and I'll get a lot of profit. But when I choose the coin that doesn't has a fundamental factor when the coin meet a correction I'll be afraid and sometime I choose panic selling.

How do you even determine that "fundamental" factor of a coin? Would you be willing to share?

[jjdub7]

I'm looking in DeFi and DeFi coins right now, and I have the feeling that all the on-chain trading fees are eating the good profits. But I will try my luck with UNI anyway as it looks stable.

[MCobian]

The profit I got from trading DeFi tokens was greater than trading with older coins. Moreover, LINK and UNI gave me enormous profit, but I believe
the profit generated from older coins can be much greater if in HODL for the long term. Especially for Ethereum and Dogecoin holders who have
been holding since 2018, surely now this can generate a very large profit. Because the two older coins experienced a very significant increase in price.
The conclusion is, if you want maximum results, combine DeFi tokens and older coins.

[santiPOGI]

Do you think that it's better to trade older coins that are nowhere near the DeFi craze that we have right now?

So the DeFi Tokens that are hyped right now (from the top of my head)

• LINK
• UNI
• SNX
• DAI

and many more.

There are a lot of tokens that are bringing even more value without being a DeFi Token

• ETH
• LTC
• NEM
• XMR

With Doge skyrocketing, I'm even more confused what's the best thing to trade into.

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

In the first place, we really don't what could be the movement in the market whether it is a defi coin or an old coins.
Just like what happened this recently, were Dogecoin was showed it's performance to pumped or spike its price suddenly in
the market, then for the Defi coin for me Link is one of the potentials that can really give a nice good profit as well if we are holding
it in the long term for sure.

[CryptopreneurBrainboss]

if you want a big profit, follow the trend, because the trend determines your profit income, the trend in 2020 is Defi,

With this, you're just gambling with your capital. Do understand that no trend of last forever which is why if you want to invest for the long term, you go for coins with solid fundamentals and support community support. These aren't the attribute among f must newly launched project excluding just few. You can see imhiw the trends has changed over the years. Before it was privacy tokens getting all the attention and now it's lending platforms.

If you want to go after the trends you need to be very cautious to avoid getting dumped on as the possibility of that happening is very high most especially as the earlier adopters dump their holding when the attention has gone mainstream. Trading trends has high risk associated with it though they give the best profit but it usually don't last for long.

[rokon1234]

Now DeFi tokens are became popular than older coins.Because, everyone try to do new things and make profits by different way.i like both Defi tokens and older coins, if those coin or tokens given good profits.

[carlisle1]

Now DeFi tokens are became popular than older coins.Because, everyone try to do new things and make profits by different way.i like both Defi tokens and older coins, if those coin or tokens given good profits.

How long these Popularity will last ? Yeah Defi projects are now popular but the question is if how long will this be capable of serving the people ?
Most of those who invest in those project are only there to Profit and that's their pure target while in Older coin those who has been holding up to now are supporter and had been their for long time .
so better think wide and not for short term planning.

[xSkylarx]

I prefer trading older coins because I'm more familiar with their patterns and prices on where to buy. I recently gain some amounts from xrp and doge when it started to pump few days ago. Defi tokens are very new to me and I haven't done some research about them. I feel like they are just the ICO tokens back in the days where it only pump once and never goes back up again when it dumps.

[boyptc]

I prefer trading older coins because I'm more familiar with their patterns and prices on where to buy. I recently gain some amounts from xrp and doge when it started to pump few days ago. Defi tokens are very new to me and I haven't done some research about them.

Defis look new but if you have experience in trading, you can cope up with it by just having yourself the time to read a particular defi token.

I feel like they are just the ICO tokens back in the days where it only pump once and never goes back up again when it dumps.

They really are but somehow evolved.

[el kaka22]

I believe it is obvious that people who want to trade defi and people who want to trade older coins are not the same type of traders.

If you want to trade on defi that means you are willing to take more risks for higher rewards, you either put some money in and make 5x return or you lose 100% of it via some rug pull if they do that, there is really few in the middle but it is usually either go big or go home situation for the defi traders, whereas in the older coin generation we are talking about making 50% profit as a great thing or 50% loss as a great loss and that's about it, we do not invest into ethereum and lose all our money, we do not invest into ethereum thinking it will be 10k neither, it is going to be something between 500-2k for a very very very long time. Sure there are times when all coins go up a lot but those are investors deals and not trader related honestly.

[Lordhermes]

More significant factors had affected tokens/coins both defi and old ones in one way or the other depending on there constant development techniques, beside Defi is just ramping at the corner at an everyday news and rumours unlike old coins, mind you the number of years a token will stay will surely determine how that token would still be active, actually old tokens that's still having some recent development seeks the attention of new and old traders thereby causing the price to be at the high peak as the case of doge, atom, LTC even rxp.

Take a time and observe these defi coins in the future if they will still be showing some significant growth in price except for the ones that's still having plan of executing the targets. The both coins are good for trading but consider the old tokens still healthy like funfair (FUN).

[doomloop]

With Doge skyrocketing, I'm even more confused what's the best thing to trade into.

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

Just go for anything you like, they are all good, stop waiting for which is the best and just start trading.
If you’re serious about trading a coin you have to follow up with it and be doing everything you have to do, like analysis and being up-to-date with news about it.

Defi is good and they are profitable, and that’s the same thing with other coins in the market that has been around for some years, they are well established in the market and you’re very sure that they will increase in price at anytime. There are so many Defi that are not really good. Doge has been going through a lot of pumps, and you know why, but don’t forget the pump can end anytime.

[crwth]

If you want to go after the trends you need to be very cautious to avoid getting dumped on as the possibility of that happening is very high most especially as the earlier adopters dump their holding when the attention has gone mainstream. Trading trends has high risk associated with it though they give the best profit but it usually don't last for long.

If you have information before it happens, I think that's the best way to be safe and form a plan of risk management towards the action you are going to do. For sure it's going to be easy money but to get out at the right time would be key. Mental challenges would be a factor as well.

I prefer trading older coins because I'm more familiar with their patterns and prices on where to buy. I recently gain some amounts from xrp and doge when it started to pump few days ago. Defi tokens are very new to me and I haven't done some research about them. I feel like they are just the ICO tokens back in the days where it only pump once and never goes back up again when it dumps.

Some of the DeFi coins are still on top. Look at DOT, reaching an 18% gain in the past few days. Do you think it's just like the older coins as well? It seems some coins have potential.

I believe it is obvious that people who want to trade defi and people who want to trade older coins are not the same type of traders.

I think it's not only because of the type of traders, like how much they risk etc, but how early they are trading. Imagine being able to trade profitably when you are new but going to be devastated once you taste those real losses. One key difference is how they became traders or when did they become traders. So mostly, if they are new to the trading scene in crypto, they would know DeFi coins and how it pumps, etc.

Just go for anything you like, they are all good, stop waiting for which is the best and just start trading.
If you’re serious about trading a coin you have to follow up with it and be doing everything you have to do, like analysis and being up-to-date with news about it.

It's all about the market right? We cannot control or predict it 100% of the time so we just need to believe. There's no correct answer here in the first place. It's all about the timing.

[illnino]

As far as I understand, DeFi is an investment in the development of a project, cryptocurrencies, most of them are short-term transactions. Not all, but many. First of all, you need to understand what you want to get in the end, interest from the auction or profit from the project. But DeFi is a big risk, you should take this into account.