Topic: Y series trends... What do you think? - page 2. (Read 639 times)
It's all YFI fault, now farming is everywhere, and all projects are trying to use the words Yield farming at least somehow.
after the YFI price beat the BTC price, all the media talked a lot about it, this is a technique to raise the YFI price even higher, for investors please be careful before investing, because it is feared that the high YFI price will only happen temporarily
People need to becareful now especially now that it seems the market is about to enter into correction. I think one or two if these Y series project will survive and it is after the dump that we will realise a true project. Another thing is that the profit taken will soon happen nothing goes up forever
I think only few of this Y series project are genuine the rest are just scams, some of them sounds so very ridiculous when you read up the information, it shows they are hurriedly done just to make quick money during this Defi trend period, they have nothing to offer, everyone should be careful.
indeed new coins that have the initial Y at the beginning and are marked with a very small and limited supply are indeed suspicious but what is strange is why they were able to enter the Binance exchange? because what I know about the Binance exchange has very tight competition and security to register a coin or token there is a very long and very difficult process, so how can you say a scam if Binance can put that coin into its trading list. 
I think only few of this Y series project are genuine the rest are just scams, some of them sounds so very ridiculous when you read up the information, it shows they are hurriedly done just to make quick money during this Defi trend period, they have nothing to offer, everyone should be careful.
Sincerely, I still don't understand reasons behind the y series pump, but probably due to too much hypes by crypto whales, anybody interested in buying this coins to make urgent profit should invest with what he/she can afford to lose.
That is maybe the main reason the hype of these defi coins are getting, not only that now I see some other defi, like sushi, kimchi are getting a lot of hype as well but not as good as what these Y series defi are getting, sushi even lost around 60% of profits upon getting listed in binance. 
It's really happening now isn't it guys? The ICO hype and boom. People desperately locking in their ETH to wrap it up and turn it into whatever tokens they think will make them money. 1000% gains in a few days, and thinking now mooning in a few months.
I'm happy to see ETH go up, not happy to see 600 gwei gas. Doesn't this remind us of anything?
I'm happy to see ETH go up, not happy to see 600 gwei gas. Doesn't this remind us of anything?
Usually, those hype doesn't last long. If you remember ICO projects before, they have been very famous too but got some failures afterwards. I can also see YI series projects like that. Today, they are making a big noise and investors are enjoying this opportunity to gain and to earn. But you have a point, there is possibly a bounce down and investors should be cautious on this part..
Anything new in crypto world, can be a hype in a certain period of time. And also be a new door of oppotunity for scammers so let's take our actions be wary.
You're right. The hype is continuing for a long time and I think that in one month, maximum, prices will start to fall and many people will regret about their purchases. I don't buying anything now. Just watching Anything new in crypto world, can be a hype in a certain period of time. And also be a new door of oppotunity for scammers so let's take our actions be wary.
Usually, those hype doesn't last long. If you remember ICO projects before, they have been very famous too but got some failures afterwards. I can also see YI series projects like that. Today, they are making a big noise and investors are enjoying this opportunity to gain and to earn. But you have a point, there is possibly a bounce down and investors should be cautious on this part..
Anything new in crypto world, can be a hype in a certain period of time. And also be a new door of oppotunity for scammers so let's take our actions be wary.
Anything new in crypto world, can be a hype in a certain period of time. And also be a new door of oppotunity for scammers so let's take our actions be wary.
I think that the investors are being FOMO before the Y-start projects. I noticed that most of these projects have an anonymous dev team and it confused me. Not every project with an anonymous developer team works well and has the potential to increase value because many imposters have copied the source code of these projects and impersonated to scam investors. In the past, there have been several fraudulent projects such as YBDAO, they are impersonating a branch of CBDAO. After raising investor funds on the Bounce platform they transferred the entire amount into Tornado Cash. They locked the telegram and disappeared.
PAYDAO just completed its ICO, they shut down their website and telegram channel.
These two projects do not publish the reputation of team dev. Be careful with DEFI projects.
PAYDAO just completed its ICO, they shut down their website and telegram channel.
These two projects do not publish the reputation of team dev. Be careful with DEFI projects.
Who knows how long this will go for.
I'm sure if anyone knows when the bull run will end, that should make the person "all knowing". No one is all knowing. Like I have always maintained on this, we are all speculators in this industry. None can say for sure what happens next.Posting this incase anyone is investing.. Please be cautious of your investment. Don't get carried away with the hype and follow up with them all incase there is a red flag. So you don't get caught.
Already, most the 'Y" pair prices have gone past what anyone can afford more than a token, except a fraction of it, especially YFI. Besides, only the inexperienced and greedy will be caught up in the run because buying now seems a huge risk. But come to think of it, isn't life a risk on its own?The Y family to be more precise. Currently it is still increasing, which is doing a pre-sale, namely YFF (YFFarm). This is of course very confusing for investors, some are brave enough to invest and some don't. As long as you have the opportunity, then do it, but as @OP said. that you should be careful before entering and investing. DYOR
All of these projects are yield based farming. I understand why so many people are getting hooked by these cause of the very high reward on farming. Yes this is the new style of mining that will let investors and traders earned profits by means of staking. Too many projects are all focusing on all kind of finance and yet the scheme is pretty working well.
The Y series trend is getting on me. I was thinking of maybe trying one of them, but I suppressed my urge to buy one of them because I have the feelings that it's not a wise decision to follong a hype tokens. It's all because of this DeFi thingy, that when you see a DeFi projects and then you think that the projects will be good which is the source of the hype I think. Some even says that once it cools down the hype, there's a greater chance to see the downside of the prices.
I guess the Y series trend is coming, and that makes many new Y projects will release. I think that token created for hit and run trading because the price is up and down with the unbelievable price many times in a day. That can give you a big chance to buy low and sell high, although that will need more funds to be available on your wallet because the fee to make a transaction will not low.
What I can not believe that to make one transaction, and we need to have $25-$50 as the gas fee. That means you need to prepare at least $100 to be used for the gas. If you want to trade on that token, you don't need to hold too long because if the price can surge to the high price, you need to sell it and take the profit. Thus, you can wait for another moment to buy at a low price.
What I can not believe that to make one transaction, and we need to have $25-$50 as the gas fee. That means you need to prepare at least $100 to be used for the gas. If you want to trade on that token, you don't need to hold too long because if the price can surge to the high price, you need to sell it and take the profit. Thus, you can wait for another moment to buy at a low price.
Yes, the Y series trend became a hot trending topic lately. Honestly, I still don't understand what is the advantages of these projects. The only thing that can be seen is about the price of the Y tokens is growing fast and increasing very significantly. Not sure that people who buy the tokens really know the potential of the projects or just following Hypes. I also doubt if the Y series trends just take advantage of the improvement of the crypto market or the increase in Bitcoin value currently. Be careful that the price of Y tokens can be dumped severely anytime. Also, because Y projects became trends, scammers possibly take advantage of this situation.
Not only Y-series trend but also the DeFi-pretended projects trend. Besides the Y-series, you can see YAM and YAMv2, what the shitshow? The DeFi trend is more crazy than the ICO and IEO trends. It is my first time I see some few assets that break the all time high values of Ethereum in the crazy growth of crypto market in 2017 bull run. It is more crazy to think of the vague value those DeFi projects can bring to the world. More than 3 bitcoin to buy one YFI token and now the market even has some other Y-series tokens, YFII tries to hit the value of 1 btc of one YFII token.After Uniswap, we see Uniswapv2, then Sushiswap, Justswap. Can you connect the dots and think of something?
Crazy and I won't touch them.
This time this trend goes so crazy. I have been regularly watching my telegram and then i have been seeing a bunch of new finance coin and that's crap. Those projects were offering farming yield and they have no real product. Some trusted people have already accused some of those coins caused by they have infinite supply.
Some projects have rugged the investor's money from the uniswap.
All of finance coins are not more than ponzi coins.
Some projects have rugged the investor's money from the uniswap.
All of finance coins are not more than ponzi coins.
Yes, the Y series trend became a hot trending topic lately. Honestly, I still don't understand what is the advantages of these projects. The only thing that can be seen is about the price of the Y tokens is growing fast and increasing very significantly. Not sure that people who buy the tokens really know the potential of the projects or just following Hypes. I also doubt if the Y series trends just take advantage of the improvement of the crypto market or the increase in Bitcoin value currently. Be careful that the price of Y tokens can be dumped severely anytime. Also, because Y projects became trends, scammers possibly take advantage of this situation.
Y token series now occur in crypto market after yearn.finance price booming and even beat bitcoin price. start of this point many developers team trying to duplicate this token and they create another Y token.if we already join in this project and get alot profit , out quickly dont hold too long . its still risky many people doubt it could survive for long time.
Get out as soon as you can, don't be greedy as investigating the original project itself, they have nothing to offer yet.
So seems mere manipulation of the market without any basis at all.
And since scammers want to take advantage of what's going on in the DeFi market, expect you will see a lot more of these unfounded projects.
This seems nothing but simply some people taking advantage of the scenario around defi projects and speculating it through the use of uniswap and similar platforms. I do not completely know how this all works but many projects have raised funds solely through uniswap only time will tell about their legitimacy.
If you can realize that the Y series coins in my opinion are a new type of fraud, considering that currently many Defi projects have sprung up and have attracted market investment. Of course there are concerns, especially if you invest your money in the Defi project and scammers use this method to trick their victims.
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