DeFi Coins

Nah over the course of the years I've learnt no alt coin is worth anything. If you want to invest in crypto stick with btc/eth.

How about as a short term play?

You think this would be something to consider?
 
Unless you are day trading , which can end up being straight up gambling if you do not know what you are doing , just stick to the big players (btc,eth,xrp ... ) etc
 
It's pretty easy to create DeFi project and list it on Uniswap. If you don't know what you are doing I suggest to stay away from it as there is a lot of fake projects because anyone can list his coin on DEX
 
What do you think of DeFi coins?
Defi is not just a trend, but almost Defi tokens will be a shit token. And 99,99% defi token built on Ethereum, but tps is too slow, fee is too expensive, Let's wait to Eth2.0. In my opinion, defi game is in middle time, if you want being ahead of the trend, NFT will be a good one
 
Nah over the course of the years I've learnt no alt coin is worth anything. If you want to invest in crypto stick with btc/eth.
This is complete bs and almost a cliche at this point. There's so much potential in a lot of altcoin projects to provide longterm solutions that in 10 years+ will still be in operation with their tokens being worth thousands of % higher than today. Case in point - BAT and Brave. If you want more just take a cursory look in the top 50 and do some research into what some of those projects are about.

If you've learned that only investing in BTC/ETH is worth doing "over the course of years" then you haven't been paying attention tbh. If the goal of investing is maximising profit (which it is) then take a look at the ROI on BTC over the last bull run compared to a cluster of the top altcoins at the time.

Saying that only BTC/ETH should be invested in is the same as saying that the only viable applications of crypto and blockchain are as a basic form of digital currency and as 2nd-layer smart contracts system. That's as insane as saying the only way AI can be used is self-driving cars and playing chess.

Ask yourself this: why aren't they using the default DAI and Maker system? Why do we need a new coin for each pawn shop?
Because almost all provide unique opportunities, and those that don't are competing against each other for prominence.

ie. Curve provides the lowest slippage for stablecoin:stablecoin trading.. traders, farmer/lp's, investors are an ecosystem of profit and income amongst themselves. Before Curve there wasn't a platform that focused solely on stablecoin liquidity pools, although obviously there are others where non-stablecoin:stablecoin could be traded with low slippage (still not as low though).

I was actually talking to the founder of Curve two days ago about some of the new products they're developing right now in partnership with a few of the other DeFi projects and I think that all involved are going to take off and be some of the best investments of this bull run.

As most crypto projects, only ~10% will still exist. Everything else will die.
I used to think that a few years ago as well, but over time I've realised that picking arbitrary percentages and saying that's how many will be left in the future is an unsubstantiated guess at best.

Realistically, anything that solves a real-world problem and is profitable will continue to operate. If only 10% of projects do that, yeah, only 10% will survive. But there's an equally likely possibility that 50% or more projects survive, especially being that the people behind those projects have a) the incentive to create legitimate startups that solve problems in order for them to make money b) continuous investment from the market, and c) 4 or 5 years (for most projects) of operation without disappearing and having that time to keep building out their infrastructure.. bearing in mind many of those projects secured more than $1M in funding during the ICO boom, and a still large number got more than $10M.

Any founders of those crypto projects could have taken the cash, dissolved the project and never worried about it again. They're still in the market, a vast majority have built teams and expanded their original scope of operation.

At the end of the day, logic always wins. In this situation its more logical for these projects to build something viable and then ride this bull run and the coming ones and disrupting their chosen field with a blockchain-based solution than larping around for 4 years without creating anything worth investing in.
 
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I used to think that a few years ago as well, but over time I've realised that picking arbitrary percentages and saying that's how many will be left in the future is an unsubstantiated guess at best.

Realistically, anything that solves a real-world problem and is profitable will continue to operate. If only 10% of projects do that, yeah, only 10% will survive. But there's an equally likely possibility that 50% or more projects survive, especially being that the people behind those projects have a) the incentive to create legitimate startups that solve problems in order for them to make money b) continuous investment from the market, and c) 4 or 5 years (for most projects) of operation without disappearing and having that time to keep building out their infrastructure.. bearing in mind many of those projects secured more than $1M in funding during the ICO boom, and a still large number got more than $10M.

Any founders of those crypto projects could have taken the cash, dissolved the project and never worried about it again. They're still in the market, a vast majority have built teams and expanded their original scope of operation.

At the end of the day, logic always wins. In this situation its more logical for these projects to build something viable and then ride this bull run and the coming ones and disrupting their chosen field with a blockchain-based solution than larping around for 4 years without creating anything worth investing in.
You may think it's arbitrary, but I'm not talking out of my ass. At best, a DeFi project can be considered a startup. And there are a lot of statistics on how and if they work.

Code:
90% of new startups fail.
75% of venture-backed startups fail.
Under 50% of businesses make it to their fifth year.
33% of startups make it to the 10-year mark.
Only 40% of startups actually turn a profit.
82% of businesses that fail do so because of cash flow problems.
The highest failure rate occurs in the information industry (63%).

They fail even with the most capable teams. The market decides.

Startups are more likely to be fair and not scams. Because they are regulated. These crypto projects have the disadvantage and can fail even more. I am using a lot of logic in this and has nothing to do with attacking anyone. Just try to be objective.
 
Startups are more likely to be fair and not scams. Because they are regulated.
I'd have to agree with that - you're right, traditional startups are less likely to be scams.

These crypto projects have the disadvantage and can fail even more.
And even with this purported truth taken into account, you have the stat that only 50% of businesses make it to their 5th year, but with a majority of the crypto projects in CMC were created in the 2016/2017 ICO boom.

That means they've already been in business for 3 or 4 years, and you'd have to expect that if we do see another bull run in the coming 18 months that not only will those projects survive, but will see their token value (and therefore disposable capital in many cases) increase significantly. That will buck the trend of only 50% of startups surviving 5 years if a majority of the current CMC listings are around after another huge bull run.

Another interesting stat is that 82% of businesses fail because they have cash flow problems. Crypto projects in the ICO boom saw higher levels of investment than VC for startups during the same period, pretty significantly too.

Most of these projects were born out of that, and so cash flow problems certainly won't be the reason that crypto projects fail when they do (by and large), which now bucks that trend as well.

I think comparing crypto projects that have their own tradable currency and huge levels of hype surrounding them with normal businesses or even startups might be a bit like saying that both hand gliders and 747's fly and so they're the same kind of vehicle...

90% of new startups fail. 75% of venture-backed startups fail. Under 50% of businesses make it to their fifth year. 33% of startups make it to the 10-year mark. Only 40% of startups actually turn a profit. 82% of businesses that fail do so because of cash flow problems. The highest failure rate occurs in the information industry (63%).
...aka, there's a really good chance these stats don't hold true with crypto projects (although admittedly, they might as well. We've just never been in the position to test if 33% of crypto projects will make it to 10 years before)
 
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We talk about many specifics and details. I feel like my message was lost. If there's one thing I want other people to remember from this talk it this:

It's hard to see the truth when everyone is excited and all projects are hyped up. Be careful and (I know it's overused) do research.

Some projects will make it. Time will tell.
 
You may think it's arbitrary, but I'm not talking out of my ass. At best, a DeFi project can be considered a startup. And there are a lot of statistics on how and if they work.

Code:
90% of new startups fail.
75% of venture-backed startups fail.
Under 50% of businesses make it to their fifth year.
33% of startups make it to the 10-year mark.
Only 40% of startups actually turn a profit.
82% of businesses that fail do so because of cash flow problems.
The highest failure rate occurs in the information industry (63%).

They fail even with the most capable teams. The market decides.

Startups are more likely to be fair and not scams. Because they are regulated. These crypto projects have the disadvantage and can fail even more. I am using a lot of logic in this and has nothing to do with attacking anyone. Just try to be objective.
Can i have soure for this figures, pls
 
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