Bull on YFI? Think again. Alarming you!

bandungan

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Quote from: tabas on December 05, 2020, 06:18:10 PM

Quote from: ahoenk on December 05, 2020, 05:37:59 PM

You are right. I dont think there will be any alt coin on erth on the time btc bullish and this year probably btc will create it all time high again. Sometimes. Maybe end of 2021 or maybe in the middle of 2021. Yfi is over prices because DeFi project is still on beta. TBH i'd rather buy some legit ico then buying YFI

I'm not into investing in any ICO or YFI. But if there's a strategy that anyone can see and taking profit within this coin, it's liquid and still a top coin and that can't be removed.
It has a sort of cooldown when it has reached its ATH at $41k then plummeted to $8k. Now, those who have it at the bottom are still in profit with current price of $28k-$29k.

I also think like that, when ATH was at its peak it seemed that the token price would immediately go down. This is a lot of cases of tokens like that and it is just a game of whales to get profit

BigBoy89

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Quote from: Stedsm on November 23, 2020, 12:53:54 PM

Those who've bought YFI at around BTC1.4 and are still waiting that it'd catch up that area soon, I'd like to tell them to simply short it instead of only having your coins in YFI being a bull because it has broken down a key support area at 1.31 and looks like it will get down at least 10-15%, so expect it to show a circus till it reaches BTC1.1 and enjoy. I hope we don't see a wick here which can probably take place if BTC reverts back upside with full strength and momentum.

Take my advice with a grain of salt, this is not a trading advice so DYOR and trade it at your risk.

I find YFI for overpriced and in general I agree with you.

IMO YFI will fall even under 1BTC. Not right now, but in a 6-9 months spam. DeFi projects seem to have seemingly short life spam.

crzy

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Quote from: ahoenk on December 05, 2020, 05:37:59 PM

You are right. I dont think there will be any alt coin on erth on the time btc bullish and this year probably btc will create it all time high again. Sometimes. Maybe end of 2021 or maybe in the middle of 2021. Yfi is over prices because DeFi project is still on beta. TBH i'd rather buy some legit ico then buying YFI

I’d rather do the same thing because any time from now, YFI will dump hard again and its too risky if you can’t catch up the early train. I know many already made a lot of profit with YFI and that is really good for them, just make sure you know when to exit and keep on speculating this token, its too volatile to trade.

tabas

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Top Crypto Casino

Quote from: ahoenk on December 05, 2020, 05:37:59 PM

You are right. I dont think there will be any alt coin on erth on the time btc bullish and this year probably btc will create it all time high again. Sometimes. Maybe end of 2021 or maybe in the middle of 2021. Yfi is over prices because DeFi project is still on beta. TBH i'd rather buy some legit ico then buying YFI

I'm not into investing in any ICO or YFI. But if there's a strategy that anyone can see and taking profit within this coin, it's liquid and still a top coin and that can't be removed.
It has a sort of cooldown when it has reached its ATH at $41k then plummeted to $8k. Now, those who have it at the bottom are still in profit with current price of $28k-$29k.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: ahoenk on December 05, 2020, 05:37:59 PM

You are right. I dont think there will be any alt coin on erth on the time btc bullish and this year probably btc will create it all time high again. Sometimes. Maybe end of 2021 or maybe in the middle of 2021. Yfi is over prices because DeFi project is still on beta. TBH i'd rather buy some legit ico then buying YFI

thats what im wondering here. ive been checking their yearn website and still in beta. i have the feeling that they will never develop this platform and capitalise in market manipulation here only. there are legit defis like chainlink and you know theres something going on with their devt. here with yfi, investors are blindly participating the trade as there is no working platform here.
the fall of this platform is forthcoming imo. if you are a holder, better watch out closely!

ahoenk

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You are right. I dont think there will be any alt coin on erth on the time btc bullish and this year probably btc will create it all time high again. Sometimes. Maybe end of 2021 or maybe in the middle of 2021. Yfi is over prices because DeFi project is still on beta. TBH i'd rather buy some legit ico then buying YFI

Stedsm

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Quote from: Paycoinzzz on November 24, 2020, 02:32:37 AM

In this case, I believe that Bitcoin will not be adjusted as drastically as you say.
--snip--

So what were you saying?
I told about this just 2 days ago from the date (26 Nov) when BTC ^adjusted^, or in other words, corrected down >$3k in a matter of an hour. What a plunge that was! And with it, saw the crash in DeFi as well, please check the level I was alarming about. It was BTC1.10 and YFI reached the exact price and bounced back after BTC started showing recovery. And I still believe there's an opportunity to short YFI here. Wink

Kopetunto

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Defi still doesn't have Fomo anymore,
currently Fomo is still in the top altcoins like Ethereum or Litecoin and also Ripple,
avoid Defi then you will be safe, all have their own cycle don't force it.

Paycoinzzz

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Quote from: Stedsm on November 23, 2020, 02:47:49 PM

Quote from: chip1994 on November 23, 2020, 02:19:06 PM

I think YFI will continue to fly because it just had a Doji reversal on D1.
Apart from the TA aspect I still see that YFI may soon return to its ATH. Major investment funds in the world are investing quite a lot in Defi projects and especially have just poured whales money for YFI. The current Trend Defi is not over and YFI still has enough reasons for further growth.

TBH, DeFi needs to be polished actually in order to remain in the game, else you already know about the hacks ongoing and how much "real money" of investors is locked and still vulnerable to huge losses, not through theft but "price hacks" - meaning dumps. I've a strong reason to say that it'll get down to that area and I never ever said that it can't create a new ATH, if it touches BTC1.1, may it reverse or may it continue the bearish trend, it'll totally depend upon the market sentiments. You know some secret? Markets like BTC have gone way too high so quick that there's a "pending correction" waiting for BTC, and once it shakes us out with a $1k-$2k move, do you believe DeFi will continue to rise? Have you ever seen any alts rising and "flying" like crazy when BTC falls?

In this case, I believe that Bitcoin will not be adjusted as drastically as you say. Currently there are many new sources of money pouring into the crypto market, Bitcoin is truly a valuable asset that any investment fund wants to own to avoid fiat inflation in the coming months. .
So the purchasing power could get even bigger in the coming days. Of course, when Bitcoin corrects, the entire coin will bleed, but certainly not the present time. YFI will increase further, probably up about 30% more before its price is sharply corrected. Wink

- Paypal has just bought 70% of the newly mined bitcoin last month due to strong demand from traders. This is also one of the proof that the price of BTC will not be corrected as soon as you say

Link to news: https://news.bitcoin.com/paypal-bought-70-of-all-newly-mined-bitcoin-last-month-as-demand-rockets/

Zemomtum

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On both weekly and daily, YFI technical analysis still indicates an uptrend unless BTC have a crazy movement upward. I will get in immediately the Doji shows the next direction as the next day begins.

turbo_trader0101

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If you are a liquidity provider on Uniswap - time to increase your rewards in any pool. Take a look at what https://peanut.trade/ is doing and I swear you won't be missing your profit anymore, Reduce slippage while you farm tokens in any pool. Maximize your profit. Sale is in two weeks. Make sure you grab some tokens

Stedsm

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Quote from: chip1994 on November 23, 2020, 02:19:06 PM

I think YFI will continue to fly because it just had a Doji reversal on D1.
Apart from the TA aspect I still see that YFI may soon return to its ATH. Major investment funds in the world are investing quite a lot in Defi projects and especially have just poured whales money for YFI. The current Trend Defi is not over and YFI still has enough reasons for further growth.

TBH, DeFi needs to be polished actually in order to remain in the game, else you already know about the hacks ongoing and how much "real money" of investors is locked and still vulnerable to huge losses, not through theft but "price hacks" - meaning dumps. I've a strong reason to say that it'll get down to that area and I never ever said that it can't create a new ATH, if it touches BTC1.1, may it reverse or may it continue the bearish trend, it'll totally depend upon the market sentiments. You know some secret? Markets like BTC have gone way too high so quick that there's a "pending correction" waiting for BTC, and once it shakes us out with a $1k-$2k move, do you believe DeFi will continue to rise? Have you ever seen any alts rising and "flying" like crazy when BTC falls?

chip1994

sr. member

Activity: 868

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HEX: Longer pays better

I think YFI will continue to fly because it just had a Doji reversal on D1.
Apart from the TA aspect I still see that YFI may soon return to its ATH. Major investment funds in the world are investing quite a lot in Defi projects and especially have just poured whales money for YFI. The current Trend Defi is not over and YFI still has enough reasons for further growth.

Stedsm

legendary

Activity: 3052

Merit: 1273

Those who've bought YFI at around BTC1.4 and are still waiting that it'd catch up that area soon, I'd like to tell them to simply short it instead of only having your coins in YFI being a bull because it has broken down a key support area at 1.31 and looks like it will get down at least 10-15%, so expect it to show a circus till it reaches BTC1.1 and enjoy. I hope we don't see a wick here which can probably take place if BTC reverts back upside with full strength and momentum.

Take my advice with a grain of salt, this is not a trading advice so DYOR and trade it at your risk.

Topic: Bull on YFI? Think again. Alarming you! (Read 164 times)