Excellent pump! Today is "yearn.finance" price is over 29k USD and the highest hit price is 34.5k USD. I don't recommend anyone to invest in the YFI project. The price is so high. Holding or selling decisions should apply as coin supply. I found a topic about "Curio" ERC-20 tokens, because the lowest supply price surpassed 4 USD.
An amazing growth for CUR, A few weeks ago I saw a topic talking about this project. OP wanted to invest in it when it was at $ 0.5, a lot of people said its price was too high and this was a bullshit project. But after only 2 weeks the price has increased by 8 times and is still increasing, it is really a great project. 
Topic: Be careful with scam copycats of YFI - page 4. (Read 791 times)
yes, thank you for reminding us all, I have also heard the news that the Defi YFI token has pumpvery significantly and has even surpassed the price of BTC itself. This of course can be misused by scammers to rake in investors' money through their junk tokens that resemble YFI tokens.
That's only ponzi coins and those who are throwing their money to the YFI family coin will be dumped by the whales who have already started to pump the YFI coins.Basically, the real YFI coin was year.finance but after that coin has been getting a very big increase and there were so many duplicates coin. You will see a lot of people will be losing their money caused by the crap coins.
Excellent pump! Today is "yearn.finance" price is over 29k USD and the highest hit price is 34.5k USD. I don't recommend anyone to invest in the YFI project. The price is so high. Holding or selling decisions should apply as coin supply. I found a topic about "Curio" ERC-20 tokens, because the lowest supply price surpassed 4 USD.
Man this is so crazy! I just saw the thread and went on to check the CMC for this coin. I can't believe there are such projects, and devils behind them who are pumping this temp coin. Why in the first place would they make such coin and worst thing is why would people get attracted to it where it seems to be hyip or ponzi stuff.
27k USD price for a coin that's 1.5x the BTC who made its career through a decade of year!! It struggled from penny price to dollars to thousand dollar window.
And here are Ponzi coins like yfi which is but obvious to put into ignore list. Lolz
27k USD price for a coin that's 1.5x the BTC who made its career through a decade of year!! It struggled from penny price to dollars to thousand dollar window.
And here are Ponzi coins like yfi which is but obvious to put into ignore list. Lolz
is YFI itself really worth to invest? In my opinion, they are just capitalizing also with FOMO as checking their site - https://yearn.finance/earn it says they are still in beta. So what added value are they offering to the community right now why they are very expensive in the first place? So you also need to be careful with this YFI project itself because they have no solid foundation why they are having that kind of price.
They were smart enough to set their supply to way fewer coins than most cryptos, and that attracted a lot of attention from everyone. If you were to multiply the 30k supply by 700 times (to get to BTC's max supply) and then divide the current price (~$29k) by 700, at Bitcoin's supply it'd be worth $41.5 right now. It's a very very vague calculus but I'm only considering the supply & price/coin.In other words, it may be more expensive than Bitcoin but do people really not care about anything else besides price at this point?
many YFI duplicate now occuring in market, dev team trying to get positive impact from YFI hype . YFI price even more expensive than bitcoin and investors very interested with "YF" project, so while there are new another " YF " they recognized it as good speculation who know they will get alot profit like on YFI. their choice only Rug or Profit.
If you check the top 100 coin in the coinmarketcap, 40% of the token on the list are Defi project. this is the exact reason for the fomo. nobody wants to miss out in the current Defi launch. everyone wants to be an own defi token and this causes the rush. with the recent acceptance of crypto by some traditional financial systems, Defi project will go a long way.
I have seen a lot of YFI in the market and there's a lot of them in the Uniswap. I don't even know this coin but what really shocked me is the price of this token is higher than bitcoin and as of now the price of YFI is around 32,000$. I've also read several comments in the crypto signal and they said be careful in investing in YFI because the price is being manipulated (I'm not sure if this thing is really true or not but it seems like that). Always do research whenever we buy a coin in the market and by just doing simple research we can distinguish which are the legit one and not. I also suggest don't invest in this kind of coin even they have good growth in the market and it's better to stay away from this.
No wonder the copycats trend is because like in the past, when bitcoin bull run in 2017, there were a lot of projects using Bitcoin name and now it's happening at YFI, if you want to invest in projects that are indicated as copycats, you have to be a little vigilant and never be greedy when copycats project goes up because you can be caught in a trap
And aside from these YFI copycats, is YFI itself really worth to invest? In my opinion, they are just capitalizing also with FOMO as checking their site - https://yearn.finance/earn it says they are still in beta. So what added value are they offering to the community right now why they are very expensive in the first place? So you also need to be careful with this YFI project itself because they have no solid foundation why they are having that kind of price.
We have seen some projects coming up like that, though I have seen two which are doing well right now, they appear tempting but we must be very sure before investing in such projects. The rate at which these coins are going up is alarming
means that it is true that it has been running and it seems that many have participated in it even though it may not be a scam or it is definitely a scam. maybe just use the token name moment which is in the spotlight. but hopefully it won't be a fraud if it's still going on. legendary
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Don't invest into the scam copycats of YFI but also don't invest in YFI too as of this moment.
There is a huge pump on the coin itself and there will be some time that it will go down very hard. Very hard that you can't imagine if you bought at the top.
Coin will continue to rise?? That's bullsh*t man. Every coin that goes up will go down at some point and even Bitcoin did it. A coin that just popped out of nowhere is now hyping those newbie investors. Well, you will not learn if you aren't experience it the hard way so if you still want to invest into YFI and these copycats then good luck
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There is a huge pump on the coin itself and there will be some time that it will go down very hard. Very hard that you can't imagine if you bought at the top.
Coin will continue to rise?? That's bullsh*t man. Every coin that goes up will go down at some point and even Bitcoin did it. A coin that just popped out of nowhere is now hyping those newbie investors. Well, you will not learn if you aren't experience it the hard way so if you still want to invest into YFI and these copycats then good luck
. Thanks for the heads up but I think we should all be very careful which coins we invest in and also take links from official pages.
Official project pages is very important to avoid being scammed, following the right team and not just by following with
some links it's prone to being targeted of phishing site.
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For instance I have noticed scammers making copies of fake coins like Open Predict Protocol in order to deceive investors.
Correct, Scammers can easily copy or duplicate the sites and start getting info to get your details or to get your investments.
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Let us not be greedy and also don't FOMO into coins or tokens when you see a spike in price
Correct, proper understanding and do your DYOR as always.
As crypto advances, if any project cannot visually display the team involves and their background, I turn back immediately irrespective of the quality of the project. You should be visible in terms of holding regular video meetings and give regular update to the community about the progress of development.
well even though like that, take advantage of the opportunities that exist to make a profit because we all know that no coin can have a price this expensive and the price is very good, it looks like the price movement always goes up, so there's nothing wrong with entering and using YFI to make a profit and what I do know that many investors are starting to enter and try to take the risks that are there to get a profit.
Thanks for the heads up but I think we should all be very careful which coins we invest in and also take links from official pages. For instance I have noticed scamers making copies of fake coins like Open Predict Protocol in order to deceive investors. Let us not be greedy and also don't FOMO into coins or tokens when you see a spike in price
Obviously, no website and ann leads to scam and fraudalent acts.
YFI has scam accusations since last month.
They're certainly making it a hype and other investors are hooked by this new good to be true returns. It's a trap, don't be too silly to buy the crap. 18% ROI weekly is really hard to believe.
YFI has scam accusations since last month.
- YFII token has popped up on the crypto market this week, offering a weekly ROI on yCRV staking of over 10%
- The too-good-to-be-true APYs have led many to label the copycat YFI token a scam
- As protocols admins have burned their keys, many have discussed whether a truly decentralized protocol can be a scam
- The too-good-to-be-true APYs have led many to label the copycat YFI token a scam
- As protocols admins have burned their keys, many have discussed whether a truly decentralized protocol can be a scam
They're certainly making it a hype and other investors are hooked by this new good to be true returns. It's a trap, don't be too silly to buy the crap. 18% ROI weekly is really hard to believe.
I was formerly thinking of something else as regards this YFI coin, but as soon as I checked the market watch sites for the exchanges it is trading and I saw Binance, I was amazed.
Not only that, it has a decent volume and it showed that it can be traded.
Not only that, it has a decent volume and it showed that it can be traded.
Just an advice from me to you, do not invest in new YFI copycats popping up on daily basis due to the huge success of YFI. We all saw the surge with YFI price currently above 22,000$ which surpasses BTC price right now. This is causing a lot of FOMO and scammers are taking advantage to launch their own scam coins (YFI copycats). Examples are YFIE, YFIS which launched even without website or team information, yet people still FOMO to buy. Be careful please, just a peaceful advise.
We really don't know yet if YFIE is going to scam or not. We need to wait and see if there is going to be a website launch etc before we can say there is going to a rug pull. I do agree though many DEVS are going to try to rake in a lot of money on the success of the original YFI and already there are few..I am still waiting of confirmation of the website. I think there will be scams but let's see if YFIE is real or not. The next 2-3 days will really give us the proof we need to see if it is really legit or if it will scam out. I am waiting to see if the website will launch or not over the coming days.
i guess dont wait to be scammed before realizing they are just here for the money. they are delaying again the launch of their exchange and yet the price seems to skyrocket. be careful in this kind of scheme. their site seems to be a cheap one, though just my impression here.
there will be more of these copycats in the coming days. but ask yourself, is the original YFI really doing their job? what is their offering to the community? nothing yet right?
Just an advice from me to you, do not invest in new YFI copycats popping up on daily basis due to the huge success of YFI. We all saw the surge with YFI price currently above 22,000$ which surpasses BTC price right now. This is causing a lot of FOMO and scammers are taking advantage to launch their own scam coins (YFI copycats). Examples are YFIE, YFIS which launched even without website or team information, yet people still FOMO to buy. Be careful please, just a peaceful advise.
We really don't know yet if YFIE is going to scam or not. We need to wait and see if there is going to be a website launch etc before we can say there is going to a rug pull. I do agree though many DEVS are going to try to rake in a lot of money on the success of the original YFI and already there are few..I am still waiting of confirmation of the website. I think there will be scams but let's see if YFIE is real or not. The next 2-3 days will really give us the proof we need to see if it is really legit or if it will scam out. I am waiting to see if the website will launch or not over the coming days.
It is very important to follow all projects of interest on every social media units and get a contact for inquiries. Any project which is responsible will provide a team member on all those fronts to attend to the community's challenge and questions. The reason for such support any time with suspected scam approach is to prevent falling victim to them. Most unnecessarily good offers in cryptocurrency are not reliable.
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