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Topic: Sure, We have good DeFi project. - page 3. (Read 686 times)

hero member
Activity: 1232
Merit: 858
September 04, 2020, 01:43:19 PM
#45
Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

You're wrong. At its peak, the coin was worth over $ 38,000. And even now, its price remains higher than $ 30,000. This can be clearly seen on the coinmarketcap website.
However, I agree with you that this is a huge bubble that will eventually burst and bury the money of unsuccessful investors.

yeah, thats why its better to wait and see what will happend in the next few days with all kind of thus project above my friend
because in my opinion for now its too risky if somebody want to buy this altcoin

It is quite likely to grow further in price, because it offers a real opportunity to earn money.
However, it is worth remembering that this token already has too high a price, which has a chance to fall much more than to grow.
member
Activity: 795
Merit: 10
September 04, 2020, 10:10:48 AM
#44
Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

Hhmmm...your opinion is respected.  However, if you have invested in this YFI when it was $35, it would have been another testimony or story today.  There are hypes or manipulations about one project or the other, despite that, some coins are worth putting a whole lots of investment on them if discovered at a ridiculous or small price, such project is that of YFI.  Before every hype is bursted, I tell you, things would have changed better for you.  But as it is now, because of the high price, I don't think it will be logical investing in such a new project now.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
September 04, 2020, 07:25:34 AM
#43
Defi is very risky, I am reminded of bitcoin in 2017 where bitcoin was deposited in a few months and experienced a large decline in price in a short time
YFI will be repeating the bitcoin moment in 2017
Currently, I do not dare to take big risks because it is possible that YFI has touched its ATH and could fall at any time
That's the real risk behind, once the value rises to it's peak, the correction will hurt your investment a lots when you place
your entry in the wrong position. You need to learn and you need to be extra careful when positioning yourself. DeFi kind of
projects are hyping and with that, it's your judgement that will going to make either profitable or lose your investment,.
full member
Activity: 1064
Merit: 101
September 04, 2020, 07:18:21 AM
#42
YFI is indeed a legit project, but Conje has consequentially created a completely new "sub-genre" of DeFi, an army of YFI clones, most of them blatant scams from their inception. So yes, stick to already established yield farming projects and avoid garbage that is primarily named after food haha.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 04, 2020, 07:08:47 AM
#41
Those are the grateful who were invested in YFI at the time it was listed when it's the price was $35 and right now it has been growing consistently and it's almost reached 29k.
Yes, and that's clearly a good advantage for those who have invested in YFI when the price was still cheap ($ 35), but if you want to buy at this point it's not too bad, because the potential profit that can be obtained through day trading is still very good open to everyone.
member
Activity: 449
Merit: 10
swordking
September 04, 2020, 06:58:10 AM
#40
Those are the grateful who were invested in YFI at the time it was listed when it's the price was $35 and right now it has been growing consistently and it's almost reached 29k.
full member
Activity: 1750
Merit: 118
September 04, 2020, 06:47:16 AM
#39
Sure, we have good DeFi project, but there is still high risks.
when its good theres always a risk that entails with it but we cant also pick bad projects just because theres no risk because it does not make sense or itl only make you a bad investor  .

. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in
that could be your last when you end up being greedy and invest all your life saving and suddenly bam , bubble burst

this price is conditioned by faith in further growth, not by project development.
lol wtf . so that means when price started to fall ,  people easily loose faith and panic sell .
full member
Activity: 588
Merit: 103
September 04, 2020, 06:34:56 AM
#38
Defi is very risky, I am reminded of bitcoin in 2017 where bitcoin was deposited in a few months and experienced a large decline in price in a short time
YFI will be repeating the bitcoin moment in 2017
Currently, I do not dare to take big risks because it is possible that YFI has touched its ATH and could fall at any time
hero member
Activity: 1260
Merit: 607
Leading Crypto Sports Betting & Casino Platform
September 04, 2020, 06:30:23 AM
#37
In fact, I have been involved in more than 10 different DeFi projects in the past few months and most of them have helped me make a big profit. Of course, I only speculate and will sell when there is a profit because if you hold it, you will easily lose money.
Once we buy DeFi projects especially those new once we must monitor it and take advantage when the price increase as it did not happen in any alt mostly. I also do trading and buys some DeFi and make sure that once I hit atleast double or triple of my capital I sell and find another project to trade with as DeFi prices were only due to hype.
sr. member
Activity: 337
Merit: 250
September 04, 2020, 06:26:22 AM
#36
The current trend in the cryptocurrency market is DeFi and I think the trend in the future will change. New projects are constantly emerging that take advantage of existing industries and I think if the DeFi project is hype, then there might be a new trend in cryptocurrency.

In fact, DeFI projects were created not now, but several years ago. Take for example the leader among DeFi projects, which is Link, it was created in 2017. Just now, thanks to the HYIP, it is more like a soap bubble, in which the price increases by attracting new participants. And it is now very risky to invest in such projects.
I think DeFi projects now look like speculation because investors are only interested in profits and they are definitely risky if you don't consider them.

In fact, I have been involved in more than 10 different DeFi projects in the past few months and most of them have helped me make a big profit. Of course, I only speculate and will sell when there is a profit because if you hold it, you will easily lose money.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 04, 2020, 06:12:54 AM
#35
The current trend in the cryptocurrency market is DeFi and I think the trend in the future will change. New projects are constantly emerging that take advantage of existing industries and I think if the DeFi project is hype, then there might be a new trend in cryptocurrency.

In fact, DeFI projects were created not now, but several years ago. Take for example the leader among DeFi projects, which is Link, it was created in 2017. Just now, thanks to the HYIP, it is more like a soap bubble, in which the price increases by attracting new participants. And it is now very risky to invest in such projects.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
September 04, 2020, 06:03:59 AM
#34
It's so disappointing that I missed the YFI project when it listed at 35$, imagine if one has purchased only 2 tokens upon its listing. We would have made over a million percent return on investment. The Cryptocurrency industry could be very lucrative and I wish to find a project like YFI before it starts increasing this much.
It is unfortunate, you throw away the golden opportunity that is in sight. What was on your mind at that time so that you were afraid to invest in YFI ?. At the beginning of the launch of YFI, there were signs of rising prices and lots of investors who took part in it. If at that time you dared to take a risk by buying only 2 tokens, you can imagine how much profit you have got.
member
Activity: 700
Merit: 10
September 04, 2020, 04:40:12 AM
#33
Obviously, it is hype.
That's what knowledgeable in cryptocurrencies will always tell when a price goes to the roof without even having a good reason.
It ain't a good project. The mass just focused on buying the coins.

It's a good profit though. Someone who is in short-term investment can make a lot with that high of a fluctuation.

The current trend in the cryptocurrency market is DeFi and I think the trend in the future will change. New projects are constantly emerging that take advantage of existing industries and I think if the DeFi project is hype, then there might be a new trend in cryptocurrency.
hero member
Activity: 3052
Merit: 651
September 04, 2020, 04:20:44 AM
#32
Obviously, it is hype.
That's what knowledgeable in cryptocurrencies will always tell when a price goes to the roof without even having a good reason.
It ain't a good project. The mass just focused on buying the coins.

It's a good profit though. Someone who is in short-term investment can make a lot with that high of a fluctuation.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
September 03, 2020, 11:02:31 PM
#31
Why do people forget about circulation, for example, I will create a project with only 10 tokens, the project will become popular, what price can 1 token reach ? 35 dollars the price was held for very little time, there was a very small offer.
The simple logic should be less supple combined with high demand and that will be result in the price of tokens will be very high consider the very small amount of tokenj will be divided into the a lot of people. I remember about economy 101.

What you are saying totally true but you forget another aspect when crypto is not about supply and demand but it must be combined with good enviroment and community is also playing a very important role too.
sr. member
Activity: 365
Merit: 250
September 03, 2020, 10:39:27 PM
#30
It's so disappointing that I missed the YFI project when it listed at 35$, imagine if one has purchased only 2 tokens upon its listing. We would have made over a million percent return on investment. The Cryptocurrency industry could be very lucrative and I wish to find a project like YFI before it starts increasing this much.

You can try your lucky with other Defi projects which have a involvement platform with YFi such as Curve. The price of Curve today is quite good to buy, so let's research to not miss out again.
I am really worried about Defi projects and best when you have a market profit you should consider selling to secure your property because as far as I know, not all projects are good for you to choose to invest. Also, you should learn about the coin before you buy it because if it is a newly created coin, you will definitely face a great risk. Of course, the most important thing is that DeFi projects are often highly sought after and this is a new trend.
full member
Activity: 440
Merit: 100
Roobet
September 03, 2020, 10:05:21 PM
#29
It's so disappointing that I missed the YFI project when it listed at 35$, imagine if one has purchased only 2 tokens upon its listing. We would have made over a million percent return on investment. The Cryptocurrency industry could be very lucrative and I wish to find a project like YFI before it starts increasing this much.

You can try your lucky with other Defi projects which have a involvement platform with YFi such as Curve. The price of Curve today is quite good to buy, so let's research to not miss out again.
sr. member
Activity: 952
Merit: 253
September 03, 2020, 06:41:16 PM
#28
I suggest you watch the development progress that has already made by YFI and YFI has already audited by so many trusted parties. It's not about people who were buying it caused by the bubble. YFI is totally different as it was the first finance project launched by the famous party with a good reputation.

It's fully audited, it has good functionality. People were buying it caused by they were know about the future of YFI.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
September 03, 2020, 06:30:22 PM
#27
In fact, did YFI exist just because of hype? So that it could easily soar beyond BTC and other coins so easily in just a few weeks?
Look at the chart, it's really surprising. I wondered, can this easily achieved success last long? Or will it drop dramatically because the hype is over?
Maybe so, but YFI holders will not possibly let that happen. We see that the total supply from YFI itself is almost all in the market, circulating supply.
All right, whatever it is, don't let any regrets because of the hype or missing moments from YFI.
hero member
Activity: 2996
Merit: 609
September 03, 2020, 06:26:45 PM
#26
Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.
This basically shows on how a HYPE can really make these things possible on where price can shoot up into those spectacular levels on where we dont even expect that it do even overtake Bitcoin which had been
on this market for 11 years compared to this DeFi project that had just launched recently.

Lucky for those people who do able to get in and its better to get out and secure profits early rather than considering this project for long term aspect. Good project will be test out by time and if do able to stand
for that long and does really have that community support then it indicates that this one is different than on most common projects out there.

Its true that projects that had been running for years is much more better than on a month old project.
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