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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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>"We've entered a new era of Weird DeFi, one that's more finance, less meme than last year's bizarre crypto projects."
>"We've entered a new era of Weird DeFi, one that's more finance, less meme than last year's bizarre crypto projects."
At this point in the crypto space, more attention should be paid to trading and accumulating and I can't complain either about the price action of bitcoin because I have had my own share of active daily trading with the help of Nathan Trueman. We talk about Decentralised Finance getting rid of the fees that Banks charge and the cost of sending money from A to B but so far when ever I have tried to stake money on a DeFi platform it has cost me fifteen to twenty USD for each layer of the process and so setting things up and getting money back out costs me twenty USD a time. My question is how can we get confidence in this while Ethereum transactions costs are so high?
At this point in the crypto space, more attention should be paid to trading and accumulating and I can't complain either about the price action of bitcoin because I have had my own share of active daily trading with the help of Nathan Trueman. We talk about Decentralised Finance getting rid of the fees that Banks charge and the cost of sending money from A to B but so far when ever I have tried to stake money on a DeFi platform it has cost me fifteen to twenty USD for each layer of the process and so setting things up and getting money back out costs me twenty USD a time. My question is how can we get confidence in this while Ethereum transactions costs are so high?
Yes fees are a pain point on Ethereum but there are solutions already out like xdai or polygon that negate this. Day trading is just to stressful imo and if your new to it then the odds of getting rekt are super high. No idea who Nathan Trueman is but I'm an advocate of people learning a good amount of TA to at least stand a chance in a market where retail tends to get hammered. I'm always accumulating bitcoin, every month like clockwork via DCA with money I can afford to loose. Keep that stress to a minimum people...life's too short.
Yes fees are a pain point on Ethereum but there are solutions already out like xdai or polygon that negate this. Day trading is just to stressful imo and if your new to it then the odds of getting rekt are super high. No idea who Nathan Trueman is but I'm an advocate of people learning a good amount of TA to at least stand a chance in a market where retail tends to get hammered. I'm always accumulating bitcoin, every month like clockwork via DCA with money I can afford to loose. Keep that stress to a minimum people...life's too short.
Yes I am aware that we just listed this as an advantage but this sticky topic can be a big disadvantage too. It’s easy to think that an always-open market will always have desirable trades when in fact, that is simply untrue. What it can actually mean is that there are fewer parts of the day where you can execute predictable (in other words, profitable) trades. I think Bitcoin will be a store of value/digital gold rather first and foremost because it was first to market. I don’t think it can solve practical real world problems the way other projects are aiming to and where the innovation has gone. Blockchain technology has the potential to do that by creating decentralised systems across multiple industry sectors and I fear DeFi is drawing attention away from this too much at the moment.
Yes I am aware that we just listed this as an advantage but this sticky topic can be a big disadvantage too. It’s easy to think that an always-open market will always have desirable trades when in fact, that is simply untrue. What it can actually mean is that there are fewer parts of the day where you can execute predictable (in other words, profitable) trades. I think Bitcoin will be a store of value/digital gold rather first and foremost because it was first to market. I don’t think it can solve practical real world problems the way other projects are aiming to and where the innovation has gone. Blockchain technology has the potential to do that by creating decentralised systems across multiple industry sectors and I fear DeFi is drawing attention away from this too much at the moment.
Agree. Overall, I’d say keep DeFi weird, but all of these are amazing and not so weird. The article questions whether any of these will last. The large majority of anything in the startup crypto space will not last. That’s the nature of risk in innovation. Weird defi projects are my favorite.
Agree. Overall, I’d say keep DeFi weird, but all of these are amazing and not so weird. The article questions whether any of these will last. The large majority of anything in the startup crypto space will not last. That’s the nature of risk in innovation. Weird defi projects are my favorite.
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