Topic: Y series trends... What do you think? (Read 625 times)
Any project that doing this kind of thing, uncreative creating their name similar to a popular coin is likely to be a scam. Don't blindly look at the chart with pumps and grows and forget about the basic step when investing. That's learning about projects you want to invest in. I think many people just got blind by those pumps and overlook the basics.
Literally I've fed-up with this Y series trends or whatever. Nor I but there tons of people express the same feeling Y series trends are nothing but all are scams. Some are so good potential to hit 10K so i guess quick money here to grab.
The right feeling is one that is always accompanied by a belief, because logically what often happens is when a token can go up quickly, then it can also go down quickly at a time we never thought. 
Too many new Y series tokens have been launched after YFI was successful, this is because investors FOMO to buy any token they see YF. This leads to investors getting rugged or scammed especially if they say liquidity is locked on uniswap via UNC and also use good promoters on telegram.
It's a good project, many investors are investing on it, because this is the period it pump for those looking for fast profit,and it hard to dump in this season.
Y series trend is a stable in profit making,but is not good to hold coins long.
Everyone has a special reason for storing or releasing coins, the point is that people who are always following the trend for profit are great people and always use the right analysis for it, even so your advice is still good. Y series trend is a stable in profit making,but is not good to hold coins long.
I can see most people invested in YFI-suffix is actually know quite well about what they're doing: playing with pump coin hoping they could ride on its hype and safety make out with profits. Yep, that's the only reason why people invested in those copycat. Every investor I know agree with me how risky it is for YFI coin, much less than all of its copycat.
Good luck to those investors, whales just playing with the trend they will leave there soon and those who didn't do their own research will suffer from great losses. Everybody now is hyping it because of the defi and I'm pretty sure it's a bubble after all those fomos everything will back to normal.
The problem of these investors they gumble to much because they think it can make them rich quickly. lol
As what I learnt, always do the fundamental and technical analysis before investing into something.
The problem of these investors they gumble to much because they think it can make them rich quickly. lol
As what I learnt, always do the fundamental and technical analysis before investing into something.
Since there was a massive increase in the value of YFI many Scammers have decided to flood the cryptocurrency space with look alikes with the intension of catching the eyes of the ignorance and greed of investors. The truth is that these projects are pumping massively and when the value starts dumping several people would be hurt.
It's a good project, many investors are investing on it, because this is the period it pump for those looking for fast profit,and it hard to dump in this season.
Y series trend is a stable in profit making,but is not good to hold coins long.
Y series trend is a stable in profit making,but is not good to hold coins long.
Literally I've fed-up with this Y series trends or whatever. Nor I but there tons of people express the same feeling Y series trends are nothing but all are scams. Some are so good potential to hit 10K so i guess quick money here to grab.
There are some who actually legit but in the case of hype and even anonymous team the traders still investing cause there is always chance to get a bigger reward and chance to get hype. I dont know but I can see a lot og people earning big mote than 3x of their investment. But I would not advise to play with this cause its really dangerous.
Literally I've fed-up with this Y series trends or whatever. Nor I but there tons of people express the same feeling Y series trends are nothing but all are scams. Some are so good potential to hit 10K so i guess quick money here to grab.
It's all YFI fault, now farming is everywhere, and all projects are trying to use the words Yield farming at least somehow.
This day I'm seeing the new token called SYFI and it was also doing the same like Y family coin. People were taking it in the wrong way as they were focusing into the farm yield from these Y family project. They have no clue about what they were buying before. YFI is the main reason why this crazy trend is happening right now.
So many forked coins in the market.
It still surprises me how people are always too quick to jump into any project just to grab their own share of the gains, but falling to ask what if it dumps badly? There is no crime in investing in new projects but it is not wise to invest in projects which offers nothing but hype. Before it was Defi and all sorts of it, now it is another trend Y series; to an extent we know what Defi offers but this Y projects what are they offering?
Well, no one can best advice an investor more than himself, if any investor fails to do the right thing and goes for hype, one thing will occur, which is profit or terrible loss; I think that answers the question asked.
Well, no one can best advice an investor more than himself, if any investor fails to do the right thing and goes for hype, one thing will occur, which is profit or terrible loss; I think that answers the question asked.
Many Y are nothing but scam, for me these are the real Ys: YF1, YF11, Yff1. Any other Y is simply at investors risk. I miss out in all these only benefited immensely from YFF1, got in at $22. can't still explain what is pumping them.
These are old news. Look into MEME:
https://coinmarketcap.com/currencies/degenerator-meme/
Here is a good post about it:
https://medium.com/@dontbuymeme/announcing-the-meme-protocol-yield-farming-meets-nfts-1a9820f7058b
https://coinmarketcap.com/currencies/degenerator-meme/
Here is a good post about it:
https://medium.com/@dontbuymeme/announcing-the-meme-protocol-yield-farming-meets-nfts-1a9820f7058b
Andre Cronje taught us all how to farm, check contracts the most important thing, even if the project is turned off, you will always be able to return staking tokens from the good contract.
not good, with the emergence of the Defi project or the Y token series will only mislead investors who are just joining the cryptoqurrency industry. We can imagine that if a new investor is just thinking rich quick, has no knowledge of crypto, then he could easily be fooled by such Defi projects.
what can we do ? They want that ambition so they need to pay for that price . This does not mislead them if in the first place this is the reason why they ended up on here . we don't need to feel sad or bad about it/them because they aren't a true gem of the crypto community . while I think the y series does not only misslead people , they also help people to get closer to the real valueable cryptos . they aren't totally useless somehow eh? 
not good, with the emergence of the Defi project or the Y token series will only mislead investors who are just joining the cryptoqurrency industry. We can imagine that if a new investor is just thinking rich quick, has no knowledge of crypto, then he could easily be fooled by such Defi projects.
Y Series trends are interesting but a little dangerous because I am not sure all Y Series projects are serious projects considering their inspiration was taken from YFI, if YFI was not a trend this project would not be present, apart from the Y Series that must be considered is Project S Series or Soft because This is also a trend that is similar to the Y Series but also as dangerous as the Y Series.
YFI has issued only 30,000 coins and their capitalization is only one billion dollars. However, it is already more than three times the price of bitcoin. Even outwardly, this coin is pumped artificially. One must be wary of investing so much money in this coin. After a while, the price of YFI is likely to be much lower Bitcoin. 
~snip
I am funny looking at this, so many Y projects are appearing almost simultaneously.I see this has been in design for a long time and there must be big player involvement behind the many Y projects. I am still curious, whether one another are connected to each other?
I honestly do not know what could be done about it, people could create Y type of names and similar stuff as much as they want, not like they could be stopped or banned because it is a free space here and in crypto you could do whatever you want to make that happen. Obviously it is not going to be the end of it so we are going to see a lot more of these.
However what we can do is promote knowledge about names and why they do not matter, if you could reach out to enough newbies about the power of branding and marketing manipulation you could maybe teach them how they should do their own research before they go invest into something. Some people see one Y succeeding and making owners ton of profit, so they go find a newer version of it and get in early hoping they could profit not realizing it is a scam.
However what we can do is promote knowledge about names and why they do not matter, if you could reach out to enough newbies about the power of branding and marketing manipulation you could maybe teach them how they should do their own research before they go invest into something. Some people see one Y succeeding and making owners ton of profit, so they go find a newer version of it and get in early hoping they could profit not realizing it is a scam.
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