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.
Topic: What do You think about YFI ? - page 3. (Read 1250 times)
I have less knowledge about YFI.
But Yearn Token is the most valuable token in the present time.
So I buy some yLand token.
But Yearn Token is the most valuable token in the present time.
So I buy some yLand token.
Those who believed in this project earned well. In General, the situation now resembles the cryptoboom of 2017. Many of the DeFi projects show very good profitability. YFI is one of these projects.
Agree.
Think there is still huge amount of profits to be taken thanks to this coin.
With the coin now falling to 23k$ while it was still at 34k just few days ago, there is still potential for a huge bull run so if I were people, I would buy it now and enjoy a new ride.
There was information that the developer of this project fell into depression and is no longer involved in it. If this is true, then this project will soon face difficult times.
Although I don't know much about the YFI project but I won't fail to acknowledge the fact that the team was active, and this activeness can be seen in terms of hype or development. My reason for this is owing to that fact the price moved to as much as $40k and thus many people made good profits, and had it been the Defi hype is still very much alive then it might be worth taking a risk and getting out as soon as possible but considering the price now and the current nature of DeFi projects, it is a bad idea to invest in it. The difference between the previous price and the current price is just too much and I don't think the price will ever rise to such extent again because people have now channelled their attention to other DeFi projects.
Hence, the project is one of the hyped projects in the DeFi space and the price dump is terrible, so focus on other potential projects.
Hence, the project is one of the hyped projects in the DeFi space and the price dump is terrible, so focus on other potential projects.
yearn.finance (YFI) good project. Teams is very active. But the way the YFI price goes up and down, I think it is very difficult to invest here. If this continues then YFI will do something good. But in my opinion it is better not to invest here.
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.
I must admitted this is the first time i have heard about the YFI coin,so i go to coinmarketcap to check YFI information,it was so astonishing me,how a coin could up to such price,except BTC.Obviously,for me,i am definitely not investing in YFI,due to its high price and unfamous.
You didn't hear about yearn. finance coin which doesn't mean this is unfamous coin. Top 28 listed coins which means something good there. Although I support your view, we shouldn't invest in this coin, the price is too high. But I'm seeing that only yearn.finance coins have the highest value than Bitcoin ( although supplies are different). 
Look, YFI had started great but what we have seen now it is likely they are ended up badly. This is the cause of hypes and for sure many investors had already loosened up their grip and sell it. I was encouraged by then to buy some but the doubts hold me as I'd never see such strong supports that hold the hypes and that's it, it was done shortly.
It finds that much better to choose those coins that have already been established well, otherwise, just making your money throw away.
It finds that much better to choose those coins that have already been established well, otherwise, just making your money throw away.
But now YFI presents great opportunities for traders to get a high profit. This high volatility of YFI allows you to work with margin both long and short. But we must be prepared for the fact that the price of the coin may drop very much, so do not forget to set a stop loss.
Look, YFI had started great but what we have seen now it is likely they are ended up badly. This is the cause of hypes and for sure many investors had already loosened up their grip and sell it. I was encouraged by then to buy some but the doubts hold me as I'd never see such strong supports that hold the hypes and that's it, it was done shortly.
It finds that much better to choose those coins that have already been established well, otherwise, just making your money throw away.
It finds that much better to choose those coins that have already been established well, otherwise, just making your money throw away.
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
If you can read the charts, buying now can be full of risk as peak has formed and it is expected that we will see deeper correction before the continuation of growth of value of yfi. So if you are keen you should open a buy order at a lower price. 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
This is a project to create over hype and highly manipulated the market price of this token. This token is being manipulated in the market by many gangs and has managed to create a lot of hype. We've seen before what the consequences of such projects are and how bad the situation is, when big people create hype. So it is much safer to keep yourself away from this project.
I think personally I will not enter YFI for now because I don't know much about this project yet, and the price is quite surprising for me too.and what I'm afraid the price will drop that is the reason why i am afraid of investing in yfi.
According to a source from coingecko, YFI has exploited all of its tokens and since last week until now, the deposit in DEFI YFI has been withdrawn quite a lot.
The value of each YFI token has plummeted to $ 23,000 per token. I wonder what they will do to keep the project going once they have fully exploited the project's tokens.
https://www.coingecko.com/en/coins/yearn-finance
The value of each YFI token has plummeted to $ 23,000 per token. I wonder what they will do to keep the project going once they have fully exploited the project's tokens.
https://www.coingecko.com/en/coins/yearn-finance
I must admitted this is the first time i have heard about the YFI coin,so i go to coinmarketcap to check YFI information,it was so astonishing me,how a coin could up to such price,except BTC.Obviously,for me,i am definitely not investing in YFI,due to its high price and unfamous.
With the coin now falling to 23k$ while it was still at 34k just few days ago, there is still potential for a huge bull run so if I were people, I would buy it now and enjoy a new ride.
The late adopters of this coin have no room to generate a lot of profit like the early adopters of YFI. The price has been getting dumped to the 24k again after the last rally to the 34k or even more and is not it mean if the bearish signal coming for YFI? I have the same thought like you to put more money on this coin but it looks like i must be more patient caused by YFI can go even deeper than this rate.
It may happen very soon.
Those who believed in this project earned well. In General, the situation now resembles the cryptoboom of 2017. Many of the DeFi projects show very good profitability. YFI is one of these projects.
Agree.
Think there is still huge amount of profits to be taken thanks to this coin.
With the coin now falling to 23k$ while it was still at 34k just few days ago, there is still potential for a huge bull run so if I were people, I would buy it now and enjoy a new ride.
Those who believed in this project earned well. In General, the situation now resembles the cryptoboom of 2017. Many of the DeFi projects show very good profitability. YFI is one of these projects.
~
I will say some facts about YFI:- It is another DeFi project (first ones I think) and the DeFi hype is there so you can probably buy at the top and then suddenly the coin go down like what is happening to it already. Going up and then going down very hard which makes the dumb investors panic and sell it at a loss. You might be like them too.
- Low supply (only 30k). The coin can easily be manipulated by just a group of rich people or huge institutions.
To answer your question, there are many more worthy coins out there to choose. For me I will avoid this for now and will pick another coins. If you want to ride the hype then you can but know when to entry and exit. Good luck.
It would be very easy to manipulate the coin because the supply is quite low and as it seems only few persons holds a substantial amount of the tokens. The value could easily drop if these persons choose to cash out.
Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
If you can accept the risk of investing in yfi, then you can try to invest now while the price is down a lot than the last high price.Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
But you need to know that the market is too volatile and depends on the bitcoin market. I think yfi have a fast move right now because bitcoin price is not moving so fast.
You need to analyze the trend of yfi, so you know when the right time to buy yfi.
Otherwise, you can get yfi at a high price, and that will make you wait for some time.
The price of YFI has already exceeded the price of Bitcoin and I think with a small total supply, it is possible that the YFI price could go up again. YFI promises large returns and this is a special attraction for investors. But I prefer to invest in other coins because there are still many potential tokens or coins
That makes some people want to buy yfi as soon as possible before the price goes up higher.I think many people are now trying to buy fyi while the price still at a downtrend.
But soon, the price will start to rise again.
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