If you don’t own Defi crypto your missing out on so much.
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I can’t remember if they set a timeframe for it for the $136k target, but who the fuck knows
Would you mind giving a quick rundown of what Defi is/does?
Just realised DeFi stands for decentralised finance haha sorry I thought it was a specific crypto
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Ripple and cardano have very little in common.
I thought we had a dedicated crypto thread.
Yes. You can find it by searching for “nonce”
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Very funny.
Either way. Seems like new money coming in which is good. For new comers, take profit early if you’re investing in some of the established coins otherwise you will get burned.
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There is no doubt, Bitcoin is a long term profitable investment.
So are many DeFi projects. I would like to convince all of you who aren’t invested yet, but I understand for those who don’t know anything about it seems ludicrous and daunting.
But, for your own sake, just get in. A spare 1000 bucks can go a long way long term.
And we are in the middle of a bull cycle.
Many institutions are adapting and joining, many billionaires. The tech and potential is still early stages but the world of finance will permanently change in the next decade because of blockchain.
Cheers
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I agree. It’s the future. And still big gains to be made in the next 5 years.
Link went 20x, AAVE went 20x so many doing well.
The thing is, there will be many projects viable in the future operating next to each other and some projects allow cross chain operability which will connect all the different platforms where there is a need for this.
It will go even higher than 136k. Over time of course, we are talking years, it will go much higher.
When this bull cycle is finished, the next one will be in 2024, which coincides with the next Bitcoin halving.
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He is not kidding btw.
And you posted in that thread just few days ago.
Are there any you would recommend people do a little research into?
Good DeFi projects you could look into are: ChainLINK, AAVE, Synthetix, yearn.finance, 1inch, Ren, Reserve Right, Uniswap.
They all have made already sick gains in the last 3 months, but bull market is going till approximately september.
Some other good projects, not per say DeFi, are Polkadot (competitor to Ethereum and founded by one of the co-founders of Ethereum) and Ada / Cardano (competitor to Ethereum).
Of course, always, do your due diligence.
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Thanks man. I’ve already been with Cardano for a while so I’m happy with their little jump recently. I don’t really plan to invest into anything more right now but I like to read up various opportunities to compare and contrast and just learn a little more about the market. So this is a great jumping off point for me. Appreciate it.
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Leave it out man. Still hurt over ps5 scalping.
I thought the crypto thread was dedicated to crypto but seems this is just as useful in terms of people wanting to make money.
You will be happy with Cardano ROI over the years for sure. I’d say cardano under a dollar is a fire sale
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Although there has been mention of DEFI I would urge extreme caution over applications that use coins that are based on ERC20. I would not touch anything related to ERC20.
ERC20 is basically ethereums network and many applications use it. Because so many applications use the network and the increase in volatility it has made the gas price increase a fair amount (gas price is whats charged to use the network). Enough for developers and institutions to likely move away from these applications to third generation block chain.
Don’t get me wrong, you can still have an erc20 based coin and make money, but I only really hold/invest long term coins and anything ethereum related isn’t that.
To add, ethereum are trying to overcome this with what they call “eth 2.0” but honestly, there already exists better blockchain such as cardano, elrond, and polkadot, hashgraph etc.
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If you’re invested in cardano, deffo spare £50 to a £100 on HBAR.
It is a totally different concept worth reading up on.
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I do agree, Polkadot is better than Ethereum, but Ethereum is not going to go away and a project like chain link (already number 1 DeFi) is on it.
Chainlink isn’t fixated on ethereum. The whole purpose of chainlink is to be a link between a variety of blockchains and concensus. IF ethereum crumbles chainlink won’t.