Topic: What do You think about YFI ? - page 2. (Read 1250 times)
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.
YFI is a defi project. The prize dump and pump rate is very high. So I fear about the volatiley of this token. Of course it is better than any other defi.
With a very high increase in the price of YFI, it is very risky if we invest, don't get into the trap of the
owners of a lot of money, because by buying it now at a very large price we don't know the decline.
owners of a lot of money, because by buying it now at a very large price we don't know the decline.
A significant number of the defi venture have seen are overhyped and some have even disintegrated in cost with practically no desire for the cost risen again yet YFI is still much better. Bitcoin costs in a month after dispatch has indicated us the likelihood that anything could occur in the current crypto world, however what we have to acknowledge is whether the YFI bubble pattern will proceed for quite a while or it might be brief.
YFI First Defi token. Defi concept is a good concept at present. YFI's Defi's first successful project. Many investors invest by looking at the concept of Defi and the price is $ 40k. But currently its price is trading above 9k.
What can i say? Overpriced and overrated thing. It has unbelievable hype and volume. I do not trust it as a mid or long term investment. But possible to trade it because of its hype.
Seems like people are more crazy about the YFI token price itself than the protocol itself
I guess majority of the people have no idea what YFI does and what YFI token does
Not saying that YFI token is bad or what
But i will spent my money using their yield aggregator to farm yield rather than buying YFI token itself
I guess majority of the people have no idea what YFI does and what YFI token does
Not saying that YFI token is bad or what
But i will spent my money using their yield aggregator to farm yield rather than buying YFI token itself
Reasons why I won't invest in YFI
1. It's way too over priced
2. Dex are losing liquidity right now, I'm guessing massive sell off
3. YFI use cases is just like HYIP, that's my own opinion though
4. Even if I have to take risks I'd wait for further price dump
1. It's way too over priced
2. Dex are losing liquidity right now, I'm guessing massive sell off
3. YFI use cases is just like HYIP, that's my own opinion though
4. Even if I have to take risks I'd wait for further price dump
Defi venture have seen are overhyped and some have even decayed in cost with next to zero any desire for the cost risen again however YFI is still much better. Possibly on the grounds that it is recorded in huge trade, for example, binance yet the recuperation rate after the ongoing business sector. whatever it tends to be experienced and occurred, not just in light of the fact that now there are numerous issues about YFI being examined. YFI tokens is little, and a few people including financial specialists have made a great deal of benefit through tokens.
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Personally i won't suggest to invest now. From the first time of overvalued, i have been saying it is hype and will blast soon. Now the investors who bought $40k rate are huge losses. An overvalued token can't be suggested for investment. We should bear in mind that a token 3x-4x value comparing to Bitcoin is a matter of thinking and should be observed before investment. You should avoid this token to invest and can wait if it goes down to $4k-$5k.
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
YFI has always been a bubble,it reached its peak of about $41k thats was almost equivalent to about 4 bitcoin at that time, but now it's $17k and still dumping fast, I won't advice anyone to even invest in it cus it's really volatile, besides there's no more hype around it, maybe that's why its has been dumping, YFI was just an overvalued project, I always knew it won't take long for the bubble to burst,so just avoid it for your own safety. Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
It's better to wait for a cheaper price to invest in YFI. Looking at this sideway market condition will provide a great opportunity for you to find YFI momentum at the cheapest price.
Many people join YFI because it is a valuable coin today. Before investing money, relying on my advice, do not be lazy and look at the charts of price changes, this will help you not to make a mistake in buying a coin.
It's not caused by YFI was a valuable coin but in fact if people can take the advantage from the dump that is still happening with the YFI. The price has already plunged a lot and that means if we will see so many speculators will be using this to make the more profit. The daily trade volume of YFi has gone somewhere. YFI is good enough but i personally didn't like the product that has already made.
People were betting on the pnd that is still happening with YFI.
People have difference of view over the yearn finance token and on other DEFI projects that reached the market in recent weeks/months. More users have mentioned this to be manipulated market movement, and I don't think this to be completely manipulated. If this is completely manipulated then it could've gone as a pump and dump asset. It regularly shows growth as well as drop in value. Few days back it sold for a value around $13000, and today it is trading for $17000+ value.
All that can be said about YFI has long been said both on this forum and by the charts themselves.
If all cryptocurrencies and the market itself are often compared to a bubble, then your vaunted YFI is a 100% bubble in its most pristine form.
The main question is whether you will have time to get out of it so that you can earn money? If you have time, then of course invest and you will be able to get a good profit, but if you do not intend to look at the terminal continuously 24/7 and react to any wind blow, then it is not worth it. This is really a real casino, and as we know - the casino in any case remains the winner.
If all cryptocurrencies and the market itself are often compared to a bubble, then your vaunted YFI is a 100% bubble in its most pristine form.
The main question is whether you will have time to get out of it so that you can earn money? If you have time, then of course invest and you will be able to get a good profit, but if you do not intend to look at the terminal continuously 24/7 and react to any wind blow, then it is not worth it. This is really a real casino, and as we know - the casino in any case remains the winner.
Prices alerts are your friend
Of course. But looking at YFI, you understand that it's better to save your nerves once again than to try to beat Russian roulette, isn't it? I still think that such incidents are not what you want to see on the market. Again, such things scare off new users because a novice understands that this price is too volatile
Defi is over ( the sad story) and so YFI will be expected to follow then.
Well, since from the start of the Defi system it gives me a less(particularly no) interest in them. Maybe it was a big surprise how it gains popularity in a very short period of time but sadly, it takes a short stay and loses its momentum. Early investors have their huge gains but I'm not sure how it happens those who come late while the market is on the peak already, I'm afraid if they are suffering losses after.
Well, since from the start of the Defi system it gives me a less(particularly no) interest in them. Maybe it was a big surprise how it gains popularity in a very short period of time but sadly, it takes a short stay and loses its momentum. Early investors have their huge gains but I'm not sure how it happens those who come late while the market is on the peak already, I'm afraid if they are suffering losses after.
When asked, it was worth investing in the month of September but now, defi has been sent into grave and is worth shit. This fake pump in the price of defi tokens can't convince me that they are of any worth except that the total money locked into the project for nothing but lending and borrowing purposes.
All that can be said about YFI has long been said both on this forum and by the charts themselves.
If all cryptocurrencies and the market itself are often compared to a bubble, then your vaunted YFI is a 100% bubble in its most pristine form.
The main question is whether you will have time to get out of it so that you can earn money? If you have time, then of course invest and you will be able to get a good profit, but if you do not intend to look at the terminal continuously 24/7 and react to any wind blow, then it is not worth it. This is really a real casino, and as we know - the casino in any case remains the winner.
If all cryptocurrencies and the market itself are often compared to a bubble, then your vaunted YFI is a 100% bubble in its most pristine form.
The main question is whether you will have time to get out of it so that you can earn money? If you have time, then of course invest and you will be able to get a good profit, but if you do not intend to look at the terminal continuously 24/7 and react to any wind blow, then it is not worth it. This is really a real casino, and as we know - the casino in any case remains the winner.
Prices alerts are your friend
Many people join YFI because it is a valuable coin today. Before investing money, relying on my advice, do not be lazy and look at the charts of price changes, this will help you not to make a mistake in buying a coin.
YFI seems to hurt people in terms of financial loss. The price of YFI first went up to $ 44000 and now it has reached $ 17500. One should avoid investing in such rapidly rising coins.
The price of each YFI has ever touched 12k yesterday and it's the worst thing that happened with YFI. So many people were putting non sense of expectation for the future of YFI. The pump that happened before just caused by people were hyping the new defi projects. The prediction that has already made by a lot of people if YFI was also a pump and dump coin was true. Investing when it reaches the bottom price but we didn't know when that will be achieved.
The pump and dump make it becomes a very risky coin at this moment.
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