🔺let's admit it, Bitcoin time is over, now DEFI Time 🔺

[WalkerIVIV]

So many people have invested their money on bitcoin and more people keep interested to invest in bitcoin and why are you re trying to deny it? as you can see that bitcoin has more and more big investors and it's not only retail anymore but big companies as well. A few hundreds percents happened with defi coins but thousands of percents happened with bitcoin. Don't you see a big gap between it? why are you calculating bitcoin based on ATH price. that doesn't make sense to be called as a comparing bitcoin and defi.

[Cryptock]

So many people have invested their money on bitcoin and more people keep interested to invest in bitcoin and why are you re trying to deny it? as you can see that bitcoin has more and more big investors and it's not only retail anymore but big companies as well. A few hundreds percents happened with defi coins but thousands of percents happened with bitcoin. Don't you see a big gap between it? why are you calculating bitcoin based on ATH price. that doesn't make sense to be called as a comparing bitcoin and defi.

For people who have recently started their adventure with cryptocurrencies, Bitcoin is a prehistory. I understand that these people would also like to hit the investment of their life and earn millions of dollars, therefore they are looking for their gem. Of course, there will certainly be many more successful projects, but I'm sure none will repeat what Bitcoin has done.

[TimeTeller]

So many people have invested their money on bitcoin and more people keep interested to invest in bitcoin and why are you re trying to deny it? as you can see that bitcoin has more and more big investors and it's not only retail anymore but big companies as well. A few hundreds percents happened with defi coins but thousands of percents happened with bitcoin. Don't you see a big gap between it? why are you calculating bitcoin based on ATH price. that doesn't make sense to be called as a comparing bitcoin and defi.

For people who have recently started their adventure with cryptocurrencies, Bitcoin is a prehistory. I understand that these people would also like to hit the investment of their life and earn millions of dollars, therefore they are looking for their gem. Of course, there will certainly be many more successful projects, but I'm sure none will repeat what Bitcoin has done.

And soon, they will realize that DeFi is just one of the many hypes that crypto market has seen.
Bitcoin will remain as it is not driven by small group of people to create hype, but already an established entity in this crypto market.
They will understand that btc may be old, but it is the foundation of these many alts that are continuously sprouting in the market.
And most of these alts, will be worthless in time as their respective devs will abandon them once they got tired of pumping their project.

[kotajikikox]

While i waned to believe you but when i check your post history ? all i see is a complete shilling for every company that hires you , and all of your posts are about positivities of those companies and none are negative.
so Meaning? you are not trustworthy and only a paid advertiser lol.

Anyway , DEFI will be gone soon, so in the next you will again make a thread for new one that will pays you.

[Cryptock]

So many people have invested their money on bitcoin and more people keep interested to invest in bitcoin and why are you re trying to deny it? as you can see that bitcoin has more and more big investors and it's not only retail anymore but big companies as well. A few hundreds percents happened with defi coins but thousands of percents happened with bitcoin. Don't you see a big gap between it? why are you calculating bitcoin based on ATH price. that doesn't make sense to be called as a comparing bitcoin and defi.

For people who have recently started their adventure with cryptocurrencies, Bitcoin is a prehistory. I understand that these people would also like to hit the investment of their life and earn millions of dollars, therefore they are looking for their gem. Of course, there will certainly be many more successful projects, but I'm sure none will repeat what Bitcoin has done.

And soon, they will realize that DeFi is just one of the many hypes that crypto market has seen.
Bitcoin will remain as it is not driven by small group of people to create hype, but already an established entity in this crypto market.
They will understand that btc may be old, but it is the foundation of these many alts that are continuously sprouting in the market.
And most of these alts, will be worthless in time as their respective devs will abandon them once they got tired of pumping their project.

I hope you are not right about everything, but of course I agree with you. Bitcoin has already survived at least a dozen falls, which only strengthened it as the leader of the cryptocurrency market. The hype for various things comes out almost every year, so I'm sure DeFi as well as ICO, IEO, meme coins etc.. will be forgotten probably in a few months. But something new will surely replace it!

[bhadz]

Heard of it when people say that bitcoin was dead, bitcoin was over and over again and again. It's a never stopping dethroning for bitcoin just to lift up another project.
But the real thing that has happened, it was the project of theirs that became crap and forgotten by everyone.

[timerland]

Then tell me why has BTC dominance risen relative to rest of the altcoins this bear market?

BTC is still the primary store of value in this space, don't get it twisted. It is just that DeFi is growing at an exponential rate, which is definitely fair enough given its utility.

I expect DeFi to grow but it's not the only thing in town. BTC is here to stay, so are NFTs, P2E, etc.

[crzy]

Then tell me why has BTC dominance risen relative to rest of the altcoins this bear market?

BTC is still the primary store of value in this space, don't get it twisted. It is just that DeFi is growing at an exponential rate, which is definitely fair enough given its utility.

I expect DeFi to grow but it's not the only thing in town. BTC is here to stay, so are NFTs, P2E, etc.

I have the same thought, DeFi still depends on the trend of Bitcoin and that’s why the whole market turns into bear market because Bitcoin is the basis of many investors on selling their altcoins.

Btc along with good altcoins are here to stay, there is no need to replace Bitcoin because there’s a lot of options now and for me if Bitcoin is over, cryptomarket is over too so don’t ever think Bitcoin to die because that’s a big catastrophe in the whole crypto.

[YinShuiSiYuan]

Then tell me why has BTC dominance risen relative to rest of the altcoins this bear market?

BTC is still the primary store of value in this space, don't get it twisted. It is just that DeFi is growing at an exponential rate, which is definitely fair enough given its utility.

I expect DeFi to grow but it's not the only thing in town. BTC is here to stay, so are NFTs, P2E, etc.

New technologies that appear on the market always grow very quickly at the beginning. This is what hype is characterized by. All new investors are looking for the fastest possible profit, which very often ends in an investment loss. Anyone who is on this market longer thinks exactly like you.

[kripto_corumlu]

guys, what I mean with DEFI is the entire DEFI ecosystem, I'm not talking or shilling about any coin.
there are many shit and scam coins or hacks at everywhere not only in DEFI
if you really think that DEFI is a scam, you seriously don't understand what is DEFI, I will not discuss it with you.
Nowadays hypes are Metaverse and NFT ecosystem not DEFI.

Bitcoin is king yes and of course it will here to stay, but I think very soon we will see major DEFI coins will be less and less affected by bitcoin price movements.

why ?
-prices affected now because market psychology is used to be like that very long time, and all traders and manipulators still following this trading rule, but it will change soon or later.
-DEFI coins has different and real use cases than bitcoin, people getting learning and adopting and using it, look at the rise of total locked value does it look to you in bear market ?
-earning money from money it's never been such easier. With DEFI; lending, borrowing, staking, farming, pool rewards, even self-repaying loans are possible. it is quite attractive newcomers are keep coming.


what I'm trying to say is DEFI has huge potential and really important use cases, as soon as DEFI prove itself, bitcoin will stay behind and will sit there just like gold does. less volatile safe store of value.

[mm2543363580]

guys, what I mean with DEFI is the entire DEFI ecosystem, I'm not talking or shilling about any coin.
there are many shit and scam coins or hacks at everywhere not only in DEFI
if you really think that DEFI is a scam, you seriously don't understand what is DEFI, I will not discuss it with you.
Nowadays hypes are Metaverse and NFT ecosystem not DEFI.

Bitcoin is king yes and of course it will here to stay, but I think very soon we will see major DEFI coins will be less and less affected by bitcoin price movements.

why ?
-prices affected now because market psychology is used to be like that very long time, and all traders and manipulators still following this trading rule, but it will change soon or later.
-DEFI coins has different and real use cases than bitcoin, people getting learning and adopting and using it, look at the rise of total locked value does it look to you in bear market ?
-earning money from money it's never been such easier. With DEFI; lending, borrowing, staking, farming, pool rewards, even self-repaying loans are possible. it is quite attractive newcomers are keep coming.


what I'm trying to say is DEFI has huge potential and really important use cases, as soon as DEFI prove itself, bitcoin will stay behind and will sit there just like gold does. less volatile safe store of value.

Believe me, everyone above is writing about the same. DeFi is only one stage in the development of cryptocurrencies. If I am to judge over time, it will take a year, a maximum of two. At this point, the attention of new investors is already focused on DAO and web3. In this industry, nothing lasts more than a year. Only Bitcoin is always King.

[bitbollo]

I dont see anyone around me invest in bitcoin anymore, everyone are all in DEFI; staking, lending, farming, dex pools all of them are creating highly satisfying apy.

why should I invest in btc and hope price rise, while defi coins create satisfying revenue for me? I'm all in coins and I dont care about last dumps because after few months I will recover the losses, even if the price does not recover.

total defi index also looks much better than bitcoin graphs

I think last bull season was all about defi, not bitcoin , bitcoin made only 3x from 2017 ATH and you call it bull season? but defi coins like avax, solona made more than 100x, all people thought it was about bitcoin and now they are understand they are wrong.
only whales are in bitcoin who has bought 10 years ago, to be honest I dont want to make them richer so I will never invest in bitcoin, it also wasting of energy and creates chip crisis too.

bitcoin is not just an investment but is an instrument.
I am not using for the monetary value in fiat but ... for the alternative and from several point of view it's much better than fiat!
it's deflationary!  I don't need a bank account for receiving or storing my bitcoin. I don't need to provide my personal data to someone in order to receive a payment. I don't have any limit for my transactions. It works in any case/any situation. It can't be censored. It's free for everyone. I need just a private key or a seed for storing my bitcoin. Payment can't be recalled (no chargeback!). Has created an unique community "worldwide" ...
I need to continue with other advantages, uses cases? Bitcoin time has no ended!
DeFI is interesting for use cases but is just a part of revolution introduced by bitcoin!

[South Park]

In as much as I want to agree with everything the op has said, (like ognasty said), we still can't rule out the fact that bitcoin is still the market leader with almost half of the entire cryptocurrency market capitalization, I personally can't remember the last time I bought bitcoin with my money, but that does not mean I've put it out of the equation, all bull runs we've experienced so far all started with bitcoin, and from bitcoin, the money spreads to altcoins, so no matter what, bitcoin is still very relevant in this space, atleast until an altcoin takes the number one spot on coinmarketcap.

Thing is that the market caps that we see are extremely deceiving, bitcoin is even more dominant than what we can see, if we take out the centralized projects and stable coins the dominance of bitcoin is even greater, and if to this we add that most of the transactions that are done to actually buy something and not speculate are done with bitcoin the dominance of bitcoin increases even further, so this idea that somehow bitcoin is over could not be further from the truth.