What do You think about YFI ? - page 4.

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Quote from: marilynmanson21 on September 13, 2020, 07:44:46 PM

If we would talked about the price of YFI, this price is created by the hype of the defi thingy, it's quite amazing that this coin could surpasses the Bitcoin price. If you asked if it's worth to invest into it right now, i would say it is not a good decision, it's better to invest into other token/coin because of the price are already way too high at this current time.

Despite all the hype around this token, YFI showed the entire cryptocurrency market that the price for 1 token can be higher than $40000. This gives market participants psychological confidence that the price of bitcoin can reach a higher price than $20000 in 2017.

ibuddy122505

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Quote from: Chrystora123 on September 15, 2020, 04:02:07 PM

Quote from: OcTradism on September 07, 2020, 11:26:17 PM

Ignore it, buy bitcoin and hold it till next year. In the next year, you will be able to double your balance.
snip..

You are absolutely right, ignore it then buy Bitcoin!! since the first time making the market fuss, I have been very sure that yfi is just a speculation token. regarding the trading volume, I am not sure it is real, most likely they have worked with many people to make the value continue to increase (create a scenario as if the market demand is high)..

Well, we've noticed YFI token gone from $31 to $43000 in roughly 55 days. YFI has been immensely manipulated, that's correct but the question is, this one gonna quick crash? I guess it won't crash too soon. Slightly late get to the party so I don't hold any.

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Quote from: OcTradism on September 07, 2020, 11:26:17 PM

Ignore it, buy bitcoin and hold it till next year. In the next year, you will be able to double your balance.
snip..

You are absolutely right, ignore it then buy Bitcoin!! since the first time making the market fuss, I have been very sure that yfi is just a speculation token. regarding the trading volume, I am not sure it is real, most likely they have worked with many people to make the value continue to increase (create a scenario as if the market demand is high)..

Twentyonepaylots

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Quote from: marilynmanson21 on September 13, 2020, 07:44:46 PM

If we would talked about the price of YFI, this price is created by the hype of the defi thingy, it's quite amazing that this coin could surpasses the Bitcoin price.

It is kinda funny how people be investing on something they don't really know, they just ride the hype coz the time is very unusual for the bitcoin to be stagnant on its price right now. YFI has a huge price value, valuable than YFI but the question is why? why would people buy YFI whereas they can't use it anywhere. There you'll see how people are deceive, the crypto market is being slowly build by ignorance.

Quote from: marilynmanson21 on September 13, 2020, 07:44:46 PM

If you asked if it's worth to invest into it right now, i would say it is not a good decision, it's better to invest into other token/coin because of the price are already way too high at this current time.

Anyways, though YFI cannot give you any goods but short term investment, jump on it Grin

wmaurik

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Quote from: DarkDays on September 15, 2020, 03:26:30 PM

The CEO of BitMEX said that YFI is going to reach $100k, and so far his prediction is looking pretty accurate.

It just touched its all time highest value of $43,000 a few days ago while the rest of the market is trading sideways or struggling to recoup losses.

https://www.coingecko.com/en/coins/yearn-finance

I think that $100k is certainly within the realm of possibility. I'll buy a decent bag on the next dip (if it goes under $35k).

This guy will not be deterred by case of YAM before which made his reputation a little damaged, and now he is doing it with YFI I don't support his theory but if we see YFI still has potential to achieve more value because the supply is still very supportive and also DeFi hype is still there not uncertain in the near future maybe YFI could reach $ 100K early in the next year, but I would rather buy another DeFi token than buy YFI.

DarkDays

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The CEO of BitMEX said that YFI is going to reach $100k, and so far his prediction is looking pretty accurate.

It just touched its all time highest value of $43,000 a few days ago while the rest of the market is trading sideways or struggling to recoup losses.

https://www.coingecko.com/en/coins/yearn-finance

I think that $100k is certainly within the realm of possibility. I'll buy a decent bag on the next dip (if it goes under $35k).

Ozero

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Quote from: ?? on ??

In my opinion, YFI is worth investing in now that YFI has a smaller supply of 30000 tokens than Bitcoin. since it was first launched in August, YFI has experienced a rapid increase in prices in a short time.

Today, the price of the YFI token has risen to $ 39,870, although in recent days there has been a slight decrease in its price and capitalization. It seems to me that those who manage to fix their profits in time will win. We have not yet witnessed such a huge rise in the price of the token. It is very strange for the cryptocurrency market to see a token that outperforms bitcoin by four times in value.

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Quote from: bitcoingape on September 07, 2020, 11:42:40 AM

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

No doubt YFI has created waves in the market by coming up with unique tokenomics and small supply, i hope their platform and services will be equally good because i have not tested any as of yet. The model has impressed many already that is why we see continuous copy cat projects popping around.

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Quote from: bitcoingape on September 07, 2020, 11:42:40 AM

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

YFI prices have risen sharply in a very short time. At the moment it is the 20th resource on Coinmarketcap and is priced at over , 39,500. I think investing in YFI should be avoided; After any time its price collapses. We should remember that the bullish hype will not last for years.

r32godzilla

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Already overbought. You pay for 1 YFI token more than for 1 Bitcoin? It doesn´t make any sense for me! I know that it is due to low circulating supply, but when you think about it in a long term. Your 30 000USD investment would be much safer in Bitcoin, right?

imstillthebest

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Quote from: ?? on ??

In my opinion, YFI is worth investing in now that YFI has a smaller supply of 30000 tokens than Bitcoin. since it was first launched in August, YFI has experienced a rapid increase in prices in a short time.

its low supply could be the reason why its price sky rockets so much and its low supply is also the reason why its in demand because theres people that also look for the supply of the coin to see if they will buy it or not but i didnt knew that the coin was one of the early defi coins because i just heard the coin lately and it arrived like it came out of nowhere . theres other defi coins that i know before this but this was the coin that only became so popular due to its bloated price

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Quote from: chikator on September 15, 2020, 07:59:32 AM

YFI is kinda risky. Its bullish run is so unnatural you would think that it is manipulated and personally i would think that. You cant win on something like that, it might get dropped any time soon.

Yes, what you are saying really makes sense that YFI tokens are very risky, but if we look at the supply, then it is also very natural to happen because the supply of YFI tokens is very small, and some people including investors have made a lot of profit through tokens. This YFI, although in fact they are also afraid to buy YFI because they remember the same thing as you said, they still take advantage of this condition to seek profit through YFI.

chikator

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YFI is kinda risky. Its bullish run is so unnatural you would think that it is manipulated and personally i would think that. You cant win on something like that, it might get dropped any time soon.

k3rnel31

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It is just a ponzi scam like russian miner coin RMC reached 100k$ then dumped to 600$

marilynmanson21

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If we would talked about the price of YFI, this price is created by the hype of the defi thingy, it's quite amazing that this coin could surpasses the Bitcoin price. If you asked if it's worth to invest into it right now, i would say it is not a good decision, it's better to invest into other token/coin because of the price are already way too high at this current time.

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Quote from: Ozero on September 13, 2020, 02:16:50 PM

Now the YFI token has already risen to 23rd place in the CoinMarketCap table with a capitalization of just over one billion dollars. However, the price has dropped to $ 34,429 and is down more than 14 percent. Given that the number of tokens issued is very small at 30,000 YFI, the price can be manipulated very easily. Personally, I would not buy this token at such a high price anymore. And holding it further is very risky.

though the supply is very small, yet i havent seen any working product yet of their platform. if they can manipulate this project without having active use case at the moment, then theres something questionable about their true intentions here. the price drop is very imminent on this one. so not really a safe option to venture with.
my first impression on this Y project is something that they are running a bogus business here. stay alert!

Ozero

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Now the YFI token has already risen to 23rd place in the CoinMarketCap table with a capitalization of just over one billion dollars. However, the price has dropped to $ 34,429 and is down more than 14 percent. Given that the number of tokens issued is very small at 30,000 YFI, the price can be manipulated very easily. Personally, I would not buy this token at such a high price anymore. And holding it further is very risky.

lixer

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The price of Yearn.finance keeps on increasing, and as of now it is ranked as the number 25 asset on Coinmarketcap with a market cap of over $900 million, and a price of over $30,000 (before now it has been at $29000, just checked back now and the price has already gotten to a higher level). It has been something DeFi this year they have all been trending and their prices are increasing on steady.

The question should be what follows next and when? As for a correction, that will possibly take place, but we can’t tell when it’s going to be exactly. So, if you’re planning to invest in it, you should be careful and invest with little amount in case things turns out to start falling.

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Quote from: carriebee on September 11, 2020, 10:27:38 AM

There’s so much new project these days, and this yfi I think you have to be careful investing. Imo it's a huge manipulation and of course, a lot of people invest in. Let's also watch out in the coming months if this project will have an improvement.

there are some people already stuck in this coin. everyone must be careful. although all cryptos also carry the same risks, DeFi's current popularity is prone to scammers. some of the other new projects we should look at carefully.

carriebee

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There’s so much new project these days, and this yfi I think you have to be careful investing. Imo it's a huge manipulation and of course, a lot of people invest in. Let's also watch out in the coming months if this project will have an improvement.

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