What do You think about YFI ? - page 6.

X-ray

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Quote from: todiefor17 on September 09, 2020, 06:51:12 AM

Yearn.finance is being manipulated and exaggerated to the extent necessary. It is not possible just because of the way it works and supply is limited to 30000 YFI that its value is pushed up so quickly. Currently, YFI's circulation is 29967, with only 33 tokens remaining. I watch how they handle the situation of fully exploiting tokens.

You should know about the economy 101. I think that this coin is not getting manipulated as everything that has been running by the developers of YFI very transparent to the traders or users. If you are judging from the low supply and iy sould not be a strong reason to say this coin was getting manipulated by the developers.

How are they exploiting the token while there are so many eyes always watching this coin? it's quite difficult to happen.

todiefor17

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Yearn.finance is being manipulated and exaggerated to the extent necessary. It is not possible just because of the way it works and supply is limited to 30000 YFI that its value is pushed up so quickly. Currently, YFI's circulation is 29967, with only 33 tokens remaining. I watch how they handle the situation of fully exploiting tokens.

Bitbuffalo

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Quote from: bitcoingape on September 07, 2020, 10:42:40 AM

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

DEFI is the future, some coins will survive, I would buy but not today lol bitcoin is taking a dip. I bought some FFYI yesterday on uniswap: https://fiscus.fyi/ great coin they are trying to solve the cross chain issues. So stake but not only eth. Still a low cap coin!

escalante28

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No need to think about it, YFI has a small supply and its price is fair but if you're going to invest just don't cry later.
Most of these bubbles will pop soon. Just go with the flow.

xenon131

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Nihil impunitum

Quote from: bitcoingape on September 07, 2020, 10:42:40 AM

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

Full-blown bubble that could burst up at any moment. Watching aloof, yes, but putting money and guts, nope. If you push it a bit further you will reveal that nothing is behind yfi except heavy speculation.

hrunya102

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I would not invest in YFI token, the price is very high, but I locked a few stable coins in the vault.

yohananaomi

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Quote from: bayu7adi on September 08, 2020, 04:43:54 AM

Quote from: ?? on ??

I think its a project with huge market manipulation.

There is a possibility that this is the result of price manipulation by several whales that were cooked by the media to go viral. The total supply of YFI is only 30,000 and the initial price is only 35 USD, which means that token monopoly practice could occur in the YFI ecosystem. It's a possibility, I don't mean to attack the YFI community.

The existence of DeFi this year is also increasingly popular, and almost all ecosystems connected to DeFi have good prospects and are very promising in the eyes of the world's crypto community. This is because the confidence level of everyone who knows DeFi is very high.

Everything can happen in crypto and nothing is impossible, for that we need to be careful because many are playing to take advantage of people's inability to do something. and it often happens so that it also needs to be scrutinized and paid attention to properly. the possibility of losing money could happen because you were tempted by a fantastic price. whatever it can be experienced and happened, not only because now there are many issues about YFI being discussed.

I do not and cannot fully trust Defi because it is still too primary to be able to determine whether it will work, what's the difference when from ICO being changed to IEO the result is the same, at first it looks good then back to the past, what needs to be changed is not a good system but the operator / people who do it. if the etiquette is not good it will be the same in the future.

bayu7adi

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dont be greedy

Quote from: ?? on ??

I think its a project with huge market manipulation.

There is a possibility that this is the result of price manipulation by several whales that were cooked by the media to go viral. The total supply of YFI is only 30,000 and the initial price is only 35 USD, which means that token monopoly practice could occur in the YFI ecosystem. It's a possibility, I don't mean to attack the YFI community.

The existence of DeFi this year is also increasingly popular, and almost all ecosystems connected to DeFi have good prospects and are very promising in the eyes of the world's crypto community. This is because the confidence level of everyone who knows DeFi is very high.

tvplus006

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To the Moon

Andre Cronje, who is the founder of yearn.finance in its article on https://medium.com/iearn/yfi-df84573db81 says that YFI is a completely useless token: "There is no pre-mine, there is no sale, no you cannot buy it, no, it won't be on uniswap, no, there won't be an auction. We don’t have any of it". But obviously under the influence of hype around DeFi, the price of the token has become higher than the price of BTC in just 1 month. I consider investing in yearn.finance very risky at the moment.

giammangiato

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Maybe because YFI was the first, but I honestly don't know if its price is right or wrong.
I would not launch into an investment without understanding how it works first, it becomes too risky.
Look at AMPL, I have not yet understood this stable which is not stable

thesmallgod

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Many of the defi project have seen are overhyped and some have even deteriorated in price with little or no hope of the price risen again but YFI is still much better. Maybe because it is listed in big exchange such as binance but the recovery rate after the recent market has been OK. The token is still maintaining a decent price of 20k so if you are someone that like taking risk, then YFI is OK. Hopefully the bearish market doesn't continue.

Republikcoin.com

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I don't know, I think the price is really high. to be honest, I never saw this coin or token before. however, when the price got really high, I felt that it was extraordinary. yeah, but I don't know, until when the price can be that high. I'm pretty sure the price will drop one day.

bitcoingape

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Quote from: btc_angela on September 07, 2020, 05:38:46 PM

I think this is one of the most created thread in this board, and has been discussed to death already:

Woah let me check out these Huh

Leonard2016

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A good example of whale's play , The project was neat and new but not for a 1000x in a few months, I wish I bought some of that when it was around 38$!
now the price getting more stable as whales shaking off their hands from it .

qomariah95

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I don't know much about the YFI project. But for short profits it might be good. And unfortunately now the YFI price is high and is currently still correcting. To enter now, it might be too risky. Wait for it to keep going down and after that enter.

terizla

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Just careful to invest yfi know.
I think now yfi price is now likely to be near the peak.
But, if you want to invest i think, don't invest with huge amount.

OcTradism

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

With YFI or any others you will have more risks of loss than probability to double your balance. The party of YFI has gone.

https://messari.io/screener then you can choose Metrics and Filters: Down from ATH. Take your screenshot of DeFi token price. Do it again next year and see difference of changes.

asriloni

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This is a crap coin with so many gimmicks to create the hype around it before. Avoid to deal with this coin if you didn't wanna see your money will be robbing by the whales who have bought this coin at the early pump.

The whales are accumulating more and more money from selling their YFI. Forget this crap coin and invest in another legit crypto. You have a lot of options like DOT which has a fully working product.

This is only an experimental platform.

masphie

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-= OI =-

WOW ....YFI ...
Yes of course, they listed in indodax and close to 500m before price go down right now.
And if i have a lot of money, i never buy this coin although this coin is trusted. For me, the price too high.

SlimShadyMmp

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Right now I will say either keep your money or just move into other project and right now with the current market situation I personally think that most coin you will pick will make some profit for you in the long run YFI is way to high and is likely you cant afford 1

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