What is DeFi? – these are memes: a review of funny posts this week

CONTENT

  • The DeFi Industry Remains the Main Joke of the Cryptocurrency Community

  • Traders don’t give up hope for bitcoin’s rise to new heights

  • Bulls and bears retained the ability to self-irony

International consortium of news organizations developing transparency standards.

Regardless of whether the bitcoin (BTC) rate is growing, moving sideways, or falling, members of the crypto community find a lot of reasons to joke about the current state of the digital asset market. Find out what amused investors within five working days from our review.

The new week again did not bring positive news about the movement of the bitcoin rate. On the contrary – in Monday technical analysis Investing in and trading in cryptocurrencies is impossible without the use of technical and fundamental analysis. Despite the popularity of both of these instruments, intraday … More coins indicated the prospects for BTC entering a new phase of decline. At the same time, low bitcoin prices have not become a problem for everyone. For example, institutional investors took advantage of the opportunity to build up their positions.

Members of the crypto community, meanwhile, continued to discuss the specifics of working in the decentralized finance market (DeFi). Many investors have agreed that the new move is not as safe as it seems. In particular, users drew attention to the fact that startups in the decentralized finance sector negatively affect Ethereum. Recall that most DeFi projects are built on the cryptocurrency blockchain. Amid their popularity, fees on the Ethereum network skyrocketed to record highs.

“Ethereum, newbie, DeFi” – caption to the picture.

Also, there were some jokes about the “edible” DeFi projects. For example, Sushi and KIMCHI. According to many investors, attempts to combine the incompatible in the market of decentralized finance lead to the emergence of strange, obscure startups..

Popular members of the crypto community also did not miss the opportunity to criticize DeFi. For example, Sasha Ivanov, CEO of the Waves project with Russian roots, drew attention to the fact that the decentralized finance market is more like a Ponzi scheme (pyramid) 2.0 than a new version of the financial system.

Now #Defi is Ponzi 2.0, not #Finance 2.0. But Finance 2.0 will come anyways.

Sitting Down with QAnon Conspiracy Theorists – The Jim Jefferies Show

– Sasha Ivanov (@ sasha35625) September 13, 2020

 

On Monday, a meme gained popularity on the network, which reflects how members of the cryptocurrency community perceive the world of traditional finance.. 

In Tuesday the bitcoin rate went into the long-awaited growth. As of 12:10 (Moscow time), the cryptocurrency was trading at $ 10,658 (according to the resource CoinMarketCap). Against the background of the positive movement in the rate of the most capitalized cryptocurrency, the participants of the crypto community did not miss the opportunity to joke about the high level of volatility of the coin.

“Damn, we’ll be rich again.”. 

oh shit are we about to become rich again

The Origin Of The Karen Meme

– CryptoGainz (@ CryptoGainz1) September 14, 2020

 

Investors also remembered the positive forecasts for the movement of the cryptocurrency. Bitcoin at $ 100 thousand is still seen by them, while for some reason in the rear-view mirror. 

Against the background of the positive movement of the cryptocurrency rate, investors wondered when BTC will be able to update the absolute maximum. Recall that the record for the cost of the cryptocurrency was recorded in December 2017. Discussions about the prospects for the movement of bitcoin provoked a flood of the network with new memes in which investors fantasize about how their lives will change with the release of the coin to the maximum values.

“She said she would be my girlfriend when bitcoin returns to its highs.”.

She said when #Bitcoin is back at ATH she’ll be my girlfriend. pic.twitter.com/e8qRNca1rZ

– Sound Money Fudd (@Dyor_Fudd) September 14, 2020

 

Also, the sudden rise in the bitcoin rate became an occasion to recall an old meme:

There were some jokes about DeFi projects. The latter, according to many experienced participants in the cryptoindustry, seem attractive only to beginners..

Read also: Bitcoins can be used to buy not only limousines, but also planes

IN Wednesday bitcoin approached the level of $ 11 thousand. Against the background of the positive movement of the rate of the most capitalized cryptocurrency, members of the crypto community noted that during such periods all the attention of investors again shifts to BTC. Altcoins – on the contrary, at this time they often fade into the background.

At the same time, investors who prefer to invest in bitcoin, according to many members of the crypto community, look more successful during such periods..

A popular trader in the crypto community, blogging under the nickname Crypto Michaël, in turn, drew attention to the “power of Hodle” – a strategy for long-term retention of cryptocurrency in order to make a profit. 

“Stay strong. Keep holding”, – he posted a post with such a signature on his Twitter.

pic.twitter.com/e3IzUJJ88o

– Michaël van de Poppe (@CryptoMichNL) September 16, 2020

 

Wednesday also not without jokes about DeFi. The CEO of Waves, a popular crypto project with Russian roots, Alexander Ivanov, has found another way to “prick” the movement of decentralized finance, the popularity of which has led to an increase in fees on the Ethereum network to maximum values. 

“What has DeFi done for Africa? Objectively, nothing. One ETH transaction fee is equal to the average African salary, ”he wrote on his microblog..

What did #DeFi do for Africa? Obviously nothing, one Eth transaction fee is an average African salary. # DeFo is coming.

– Sasha Ivanov (@ sasha35625) September 15, 2020

 

Read also: DeFi Market Growth Threatened by High Ethereum Fees

Another popular trader in the crypto community, blogging under the nickname The Crypto Dog, in turn, decided to illustrate the position of DeFi. For this, he took a painting by the Russian artist Ilya Repin, “Ivan the Terrible and his son Ivan on November 16, 1581”, better known as “Ivan the Terrible kills his son”.

#defi pic.twitter.com/7iSC8YIZgx

– The Crypto Dog (@TheCryptoDog) September 16, 2020

 

What is DeFi? - these are memes: a review of funny posts this week

IN Thursday bitcoin continued to test the level of $ 11 thousand. In the meantime, one of the members of the crypto community found an ingenious way to indicate the date of birth of his child by writing the block number of the coin, during the mining of which the event occurred.

Born at block height 648630 # GirlDad pic.twitter.com/b5AcPyZQTc

– Aaron Ingalls (@AaronIngalls) September 16, 2020

 

The positive movement of the cryptocurrency, in turn, again became a reason for jokes.

“Did you sell Bitcoin for under $ 11,000? Yes, son, I did it. Well, why, dad, why? “.

Also, investors did not miss the opportunity to make fun of market participants who were buying up shares of companies instead of investing in bitcoin..

“People were buying Tesla shares at a time when they could invest in BTC.”. 

Another topic of jokes was the sharp change in sentiment towards Bitcoin during periods of its rise and fall. Investors drew attention to the fact that the coin is most often accused of a scam during its positive movement..

#Bitcoin is freedom money pic.twitter.com/0CRGgva2fC

– ₿obby Orr (@ MarioLemieux99) September 17, 2020

 

At the same time, many agreed with the opinion that “bears” (bearish movement – a decline in the cryptocurrency rate) are not asleep. 

real-time image of bears waking up tmrw gn pic.twitter.com/EG5RPRIbwB

– CryptoGainz (@ CryptoGainz1) September 17, 2020

 

It was not without jokes about the growth of shares of MicroStrategy, against the background of buying bitcoins, and the positive movement of the newly released tokens of the Uniswap decentralized exchange. Over the night, assets rose significantly in value. The Block analyst Laria Chermak ironically noted that the 6 hours allocated to him for sleep were the most expensive for him. Justin Sun, CEO of the TRON crypto project, in turn, drew attention to the fact that “the digital asset market never sleeps”.

crypto never sleeps

– Justin Sun (@justinsuntron) September 17, 2020

 

Friday bitcoin spent near the level of 11 thousand. Against the background of the positive movement of the coin rate, the participants of the crypto community continued to discuss the prospects for investments of large companies in BTC. Many again drew attention to the decision of MicroStrategy to acquire 17 thousand bitcoins, against which the company’s shares went up. 

Netizens believe that the purchase of BTC by the organization, among other things, has become one of the factors in the positive movement of the coin rate. Against the background of the event, a meme gained popularity on the network, which, according to the authors, reflects the position of Bitcoin, Ethereum and traditional money in the modern investment market.

Not without another portion of jokes about DeFi. 

how is prangent formed

“People who think it’s safe to use the app.
DeFi Developers Trying to Fix Bugs in a Product “.

You can find out what the participants in the digital asset market laughed at last week from our material.

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What is DeFi? - these are memes: a review of funny posts this week
What is DeFi? - these are memes: a review of funny posts this week
What is DeFi? - these are memes: a review of funny posts this week
What is DeFi? - these are memes: a review of funny posts this week

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