Hype Defi makes new projects like YFI phenomenal, because the very high increase in YFI prices makes YFI popular,
but also takes a toll, this is how trading works, if you buy above then you can get stuck,
remember, YFI is just a DeFi coin , if you want to invest there, make sure you understand DeFi first.
Topic: What do You think about YFI ? (Read 1284 times)
I for one imagine that most coin you will pick will make some benefit for you over the long haul YFI. I imagine that this coin isn't getting controlled as all that has been running by the engineers of YFI extremely straightforward to the dealers or clients. On the off chance that you are deciding from the low stock and I ought not be a solid motivation to state this coin was getting controlled by the engineers.
Since YFI was listed on CoinBase the price has been on downward trend. It will still do well but those people that hve made money in it have already did, I don't see it doing 10X from the current price. I would rather look for project with great potential that has its market price below $20 million that can do at least 5X
YFI may be an important one but its price is still high but there is a lot of risk for this YFI when it is so fast ahead, I may not know much about this token but I will say that I think I can get good profit from it in future, So I will not agree to anyone investing here, maybe for a short time you can get a good profit. It is your job to discover what that is and to bring it about.
YFI is just Yoken Defi, and you are currently defi still hype,
I think that if Hype Defi ends then fomo Defi ends, and results in many defi tokens becoming rect,
maybe YFI will also be affected.
Maybe but till the time yfi is making gud money to their investors I think that if Hype Defi ends then fomo Defi ends, and results in many defi tokens becoming rect,
maybe YFI will also be affected.
but can,t ignore the fact that there is huge change of being rekt
Thank
YFI is just Yoken Defi, and you are currently defi still hype,
I think that if Hype Defi ends then fomo Defi ends, and results in many defi tokens becoming rect,
maybe YFI will also be affected.
I think that if Hype Defi ends then fomo Defi ends, and results in many defi tokens becoming rect,
maybe YFI will also be affected.
Practically entire of Y family coins have been confronting large downtrend and I believe that the genuine YFI will be additionally following such pattern. The bullish will never remain perpetually and you should realize that. I am not inspired by, there are huge loads of undertakings out there and everybody imagines that one of them is the following huge thing that they will make a huge load of cash however in all actuality I don't perceive any of these the following huge thing that will permit you to resign early.
in my opinion, for the time being, try to hold it first, because the decline experienced will give a warning. I advise not to be tempted by a large popa but at the time the price of parachuting feels abnormal. This is usually done to lure investors to be trapped at a high price, and then lose a very large nominal value. even double what was invested.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
When the YFI token recently began to plummet in price and fell to almost eight thousand dollars, I thought that it would no longer rise significantly in value, and in any case not so quickly. However, almost immediately it began to grow again and the day before yesterday it almost reached $ 28,000. Now its price has dropped slightly again, but it looks like this token will still live. It is interesting to observe now its price movements after it reached the price of more than forty-three thousand dollars quite recently. Of course, such a price for him again will hardly be achievable. always be alert and watch his movements. take the right moment, and execute according to your considerations.
Depending on your own, I see it as a hype coin and of course there are a lot of risks and high returns that it creates in a short time.
you just have to choose what to do.play it safe or take the risk.
if you want to be safe just avoid hype coins like that, but if you want to try your luck in a short time, please enter.
you just have to choose what to do.play it safe or take the risk.
if you want to be safe just avoid hype coins like that, but if you want to try your luck in a short time, please enter.
in my opinion, for the time being, try to hold it first, because the decline experienced will give a warning. I advise not to be tempted by a large popa but at the time the price of parachuting feels abnormal. This is usually done to lure investors to be trapped at a high price, and then lose a very large nominal value. even double what was invested.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
Very risky I wouldn't buy if I were you. I bought at $14K after it peaks at almost $40k but it instead drop to $8k. I'm at loss, this is because I beleive to that vlogger on youtube who kept spreading good details about it. BTC is rising up, this is just going to make altcoins bleed more in the coming months. They may be green for now but it will not go up to its ATH if BTC keeps spiking.
in my opinion, for the time being, try to hold it first, because the decline experienced will give a warning. I advise not to be tempted by a large popa but at the time the price of parachuting feels abnormal. This is usually done to lure investors to be trapped at a high price, and then lose a very large nominal value. even double what was invested.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
For now YFI doesn't look cool technically. Major support areas are low around 5k$, hence buying some at this level might be a little risky unless with some reasonable fundamental analysis. However, the market decides for itself, no one can predict the market perfectly. I heard KP3R founders are still behind YFI, but not sure. I'm holding some YFI but already in big loss, hence I have no option but to hold long term. Going by development progress, YFI has a solid project anyway, but price-wise it already pumped excessively hence this correction.
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Don't take this to the heart, it's just my own kind of view about YFI and few DeFi projects like it, they are all Ponzi schemes, the returns they give investors are too high, not even POS coins can give up that amount of ROI, YFI and it's kinds are all high risk investments, every one should watch out, if you want to take a bit go in with money you can afford to lose. Good luck Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
I'm not going to talk much about Defi projects, let alone the coins with the initials (Y). there is a large selection of Defi coins out there that might be good to invest in. but my advice if you want to invest in Defi especially YFI then be careful, because half of the YFI coin price has been reduced from $ 40k to $ 18k.
It will most likely become another coin that whales will play with for a while - just because they can, expect some big swings (just my 2 cents worth).
YFI went up due to the DEFI hype and in my opinion t is too late to buy it, because the defi bubble seems like it is bursting, I would stay away from it and would rather invest in some other new projects with more potential they key is that you get there early.
YFI is risky to invest for a long time. Because at any time these coins can go absolutely bad. Although I don't know what this project is like. But by 2017 there were some ICO projects that are now lost. So it is better to think of YFI short time. At present it is better not to invest in YFI coin. You can go to Bitcoin. The future of Bitcoin is bright. No one can talk about the price of Bitcoin. But Bitcoin can be trusted. Just as good news can take up to 20,000 from current prices in a matter of days, so bad news can go a long way.
Your advise is better. I also think it is not correct time for investment. Investment in crypto is very difficul. Volatility of token is the main cause. You tell to go to bitcoin. Yes right bitcoin future is better alltime.
In my opinion, YFI is not worth investing in now and should also be avoided because this is due to the turnaround cycle of YFI which indicates a decline. Therefore, even though there is a strong buying impulse, it seems that YFI's price will continue to fall. It must be reminded that 90% of Defi will fail and this is already being warned by Binance CEO and Ethereum founder Vitalik Buterin.
YFI is risky to invest for a long time. Because at any time these coins can go absolutely bad. Although I don't know what this project is like. But by 2017 there were some ICO projects that are now lost. So it is better to think of YFI short time. At present it is better not to invest in YFI coin. You can go to Bitcoin. The future of Bitcoin is bright. No one can talk about the price of Bitcoin. But Bitcoin can be trusted. Just as good news can take up to 20,000 from current prices in a matter of days, so bad news can go a long way.
This YFI is a recent boom in the whole crypto market. This is the first crypto which is level crossed the price of Bitcoin and reached near $40,000 and now it declined to half of this highest price. Recommended that it should be avoided now for the fresh investment because of the crypto market uncertainty. Maybe the price if declined then it could hit a mere $200 like Bitcoin in the infant stage.
So there's no chance for YFI will bounce back. DeFi hype is gone, so YFI is down. Since yield farming is down and we're going to see a lot of these low supplies. It will go up when whales start farming again. Stay out of this project must be best move since it's declined everyday. Jump to: