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DeFi projects are significantly different from almost the first ICO projects that were in 2017. I still like DeFi projects because they perform the direct functions of banks and take away their profits from them. This has never happened before. Banks have always been in a privileged state, being protected by the state. They are now facing a real challenge from DeFi.Agreed. Same compliment and positive outlook on defi, what I dont like is the similarities on ICO of 2017 that some projects are taking advantage of the scenario and hype doing a scam exit. Process now is much faster compared to the ICO which dont have uniswap approach. I think we can ve more secure if there is a platform auditing the defi projects being out everyday.
my honest opinion, i think xrp would reach between $5-10 but it'll probably be worth double that in 2021 considering bitcoin is increasing.
I have participated Verasity bounty 2018-19 but still they didn't pay to the bounty hunters and now they have opened another bounty round. They should pay the previous round and continue new round.
If it is used by everyone around the world, the price will be very expensive, even more than we imagine, because if we calculate in detail the maximum number of bitcoins is not enough for all people in the world,Do you think it is impossible that Bitcoin value will become $100,000, or $500,000 more years from now?Not impossible but we don't know when it is. Bitcoin value is always growing day after day. If it becomes more popular and used by all people around the world, then the price should multiply. Then, the price can continue to increase more and more. Some have predicted it can reach $100,000.
100k usd is very small, now even bitcoin users are less than 20% of the world's population but the price is already expensive, what if it's 90%? 1 million usd could possibly happen.
In your opinion, whether cryptocurrency can be an option in making long-term investments? and what advice would you give to do that? whether to buy bitcoin or the like?
Whether long term or short term, depends on the circumstances of the market conditions. Like if you purchase Bitcoin at higher price, you have to wait if fall the market or if you purchased at low price, you can sell it short time if you get profits but holding for more time can give you more profits. Basically, time period depends on the market and your strategies.
Ups and Downs is the natural way of crypto market as we can see the down trend now after a constant uptrend. I don't think bull run ended, rather i can say 'it is a correction'. DeFi projects in the last few weeks touched sky and now returning to the ground. Before investing in DeFi project, we have to think and select correct time.
I think you need to hold now and try to invest as much as possible in Ethereum if you have extra money, because Ethereum has not had good growth for a long time and therefore this good growth should soon begin.
It has been a long without a massive increase for Ethereum. Since you are waiting for Ethereum 2.0, much better to hold than invest them into some of ERC20. Just wait Ethereum 2.0 and it's possible huge demands.
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