Is DeFi hype the same as ICO hype in 2017?

[hair]

DeFi is an alternative for investing, even this DeFi has a sizable volume in the market. DeFi brings changes in the development of blockchain technology. DeFi is an investment in the future that will probably be hype like ico in 2017. All investments have risks, so we must be smart in making decisions.

[krypto4uvak]

I think Defi is the hype that needs to be chased. Since you can make very good money. Therefore, you must not miss your chance.

[Nostoman]

During 2017, there were many projects that were listed on the top exchanges. They must have been successful. The project will die if hyped. I don't think there has been much success since the current 2017. The reason for success is because of fraud and scams. Various projects have not been successful due to fraud and scams. He left the market with a lot of money. But currently being successful. People have started blindly investing. Because he wants to make up for his loss. Team can cheat. So people are investing despite being risky. Everyone be careful, you invest your money carefully.

[Jaephoenix]

DeFi and ICO are different concepts in cryptocurrency that aims to ultimately finance project activities. So they are the same

[Jaguar]

We must be cautious as what you said.
Be aware not to repeat the lost back on 2017. DeFi might be the trend now. But one thing for sure; real, unique, and consistent DeFi projects will remain in crypto sphere. Weak and scam DeFi projects will fade  slowly or suddenly. Be cautious always.

[jacaf01]

There is no doubt that the current DEFI trend can be compared to ICO in some ways but DEFI is bigger than ICO in many ways. DEFI is what is called have a skin in the game. This would drive the market to Trillions of USD. The good thing now is that most of the projects in the DEFI space already have a working platform or have shown MVP, this is very good unlike 2017 that all you need is just a marketing whitepaper and you have your $20 million or more

[Rafiq]

Although there is a systematic difference between the current DEFI with the ICO of 2017, I do not see any difference in terms of results. Talking about blockchain system in 2017, many bad projects come with good projects. At that time various projects could not succeed due to fraud and scams. There are still many scandalous projects coming to market under the name Daffy; The outcome, I think, will be the same as in 2017.

[Riya143]

Defi is a huge attraction of the market. Currently many people are interested in investing in Defi. Because investing in DeFI projects is making a huge profit. However, many people are suffering by investing in blockchain for some time. But they invested in the wrong project. When people are more inclined towards investment sites. But those started in 2017. But it was good. Since 2017, some fake projects have started. In 2017 scamming was more. The amount was further increased. So I think everyone is having a good time at Defi or blockchain.

[Duckenth]

In 2017 the ICO project was very popular and attracted a lot of investor interest, but unfortunately this did not last long because of the dirty behavior of irresponsible people, so that many investors were disappointed and left it.  And now the Defi project is here and it has given everyone here a new passion. I think this will be a revival of the Cryptocurrency world because the Defi project is better than the ICO project. But even so we still have to be more careful in all matters relating to money, even though the Defi project looks promising.

[bigcash2011]

Yes, it is kind of similar but we have seen that defi has already put an impulsive or strong boosting effect on the overall crypto market so i assume this defi thing is bigger and market will also perform better than last time this time around.

[MrSpasybo]

Besides good projects doing well, we see fake tokens, we see fundamental flaws, we see a profit loop that causes tokens to rise in price, everything going on with DeFi is almost like translation with ICOs early 2018. Many people spend money on DeFi projects easily because they believe that speaking is a way to generate profits quickly & overcome a pandemic crisis.
It may be a little different between DeFi and ICO, at least on the level of interaction in the ecosystem, but we should still be cautious before joining any project to not lose money during the down-trend phase. .

[bubbalex]

DeFi hype already showed as the case of such failure - YAM token failed from 167$ per token to 0,97$ per token for several hours after huge bug was found at their code. It is precisely because DeFi is so popular now that their prices are instantly growing, but the real value of new projects has not yet been confirmed and even if in the short term it is possible to earn on a hype, in the long term, many of the tokens can literally depreciate, because they originally should not have cost so much and collect as much money as they collect because of the hype.

[masterrex]

I got your point mate, I think the Defi crazed is just a bubble that destined to explode soon, and it was comparable to the ICO hype in 2017. but not the same size or magnitude because the Defi trend is just slowly fading already and most of the Defi tokens trading price is started to going down and its a sign that the hype is already dying.

[Absolutep]

Though many have compare this hype around Defi to ICO in 2017, I feel they are not far from the truth even though the truth is difficult to accept. Personally, I am skeptical about where the boat of Defi is taking us to because everything is happening too fast and people have started to invest blindly just as it was in 2017.

[Hope4life]

I think so, every year there will always one hype that attract people to invest in crypto world. Last year there is IEO, ICO, etc. It's just repeated the same hype with different type. Just be careful and enjoy this hype at your own risk.