Y series trends... What do you think? - page 3.

militiariko

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Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

The y series have become a trending topic on most social media.

Yfi (Yearn finance)
Yfii (DeFi money)
Yffi (Yffi finance)
Yfl (Yf link)
Yfv (Yf value)
Yfie (Yfi exchange)
Yfis (Yfiscurity)
Yft (Yield farming token)
Yffarm (Yearn Finance Farm) I see this last one, as a big scam.

My concern is, with the high rate of pump in all these ys, what happens to investors, if it dumps terribly back.. Or glitches like yam. It's scary seeing so much campaign on ys. Who knows how long this will go for.

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.

I think there is a time for everything, and for now there are several defi platforms out there taking opportunities of the hype around defi, introducing projects to one way or the other in order to pump and dump on investor, so it is a wake up call to every investor to conduct due dilligence before any prior investment in any token in the crypto space today.

WE are saw what happened to yam and other pump/dump tokens. Be watchful

triangles

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Activity: 566

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The Y Series trend is also a dangerous trend, many shillers trap people into investing in projects like this and unfortunately they shill on scam project and this is worrying considering there are many stories of people who get 50x to 100x profits in a very short time and the fear is people with large capital are determined to buy in big quantities because they are tempted by the trend and the problem when they choose the wrong one will be a nightmare for these investors.

kindbtc

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Activity: 1008

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SAPG Pre-Sale Live on Uniswap!

The situation is getting both a bit hilarious and suspicious at the same time because most projects with similar token tickers just want to capitalize on the success of yearn finance. Personally i will not invest in copy cat projects.

qomariah95

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Activity: 1190

Merit: 100

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

tbterryboy

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Activity: 2030

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Unfortunately when something makes people money, all other people and specially scammers wants a piece of the pie and that is what happens with these naming stuff. When ICO first started there was a ton of same name stuff as well and everyone did it, when DeFi became big everyone changed their coin offering to include DeFi features so they could get a ton of money and when Y series got bigger, that only meant if you add that to your name and have some DeFi feature you would most certainly get funded, even if you are a scammer.

Do you know how many people are out there who do not read whitepapers before they invest? There are tons of people who just think someone else will read the whitepaper anyway and would come public if there is anything wrong and if there is nothing wrong that means it must be good.

Yogee

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Quote from: akwfleaspirit on August 31, 2020, 02:31:58 AM

......
The yffarm, are bunch of Nigerians, there is no transparency, I initially tried checking out the team few days back when I joined the group and today they have changed there real pictures to avarters. Raising Presale today and staying active to remove anyone who ask questions they can't defend. A bunch of red flag attached to that project tho.

There are many of this kind of projects out there, springing out daily, and the gullible ones fall victim.

No disrespect to law abiding Nigerian members here but I know where you are coming from. There are a lot of stories about prince and princess from there lol.

Removing members for asking project and team transparency is definitely shady. I won't be surprised if they even accused you of spreading "FUD" in their group. Did they pull out the "Satoshi Nakamoto is anonymous" card?

imstillthebest

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Activity: 1638

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Y series ? That sounds like a mobile phone series haha . Yes it was funny and not be treated as serious .

These series are one of the many coin series on the past and all of them ended on one direction that was to go downwards but never returned to normal . that one y coin on the list did also use defi aside from the " y" name , Thats so greedy because they are using two terms that recently got hyped .

zasad@

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Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

Yfi (Yearn finance)
Yfii (DeFi money)
Yffi (Yffi finance)
Yfl (Yf link)
Yfv (Yf value)
Yfie (Yfi exchange)
Yfis (Yfiscurity)
Yft (Yield farming token)
Yffarm (Yearn Finance Farm) I see this last one, as a big scam.

A bad example is contagious.
Everyone wants to get a very quick profit, but according to statistics, they only get losses. Those who saw how the prices of coins and tokens fell sharply in 2018 are more cautious about investing.

I am writing here about scams and risky investments
https://bitcointalksearch.org/topic/defi-scams-history-5268573
But that doesn't help, people are still willing to try their luck.

ScamViruS

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Scammers will want to scam using the name that is currently trending in the market. Since now Yfi is being pumped a lot in the market. So there will be a lot of effort by scammers to bring another scam project of this name for the purpose of scam.

This kind of activity is happening all the time. When a coin is unexpectedly pumped into the market, some people plan to run away with people's money by bringing a project with that name. So it is not surprising that we see Y-linked projects in the market everyday.

makishart

legendary

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I have found another scam project that called YFIjunior and this one can be added into the list too.

I may think if there will be a big waves of scammers that will be creating the fake project. Everyone should be careful with those scammers.

So many new scam defi have already deployed by scammers.

poodle63

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Quote from: Bitbtc8 on August 31, 2020, 02:34:05 AM

Most overpriced DeFi projects are not surging because of their use case but the hype, this is dangerous because price can dump, I suggest investing in DeFi projects that aren't overpriced yet and also do research so as not to fall victim to scam

They were not only overpriced but in my opinion if the price that already achieved didn't even make sense with the utility that has already offered by them. FYI if YFIexchange has been getting dumped 50% and so many people were also getting trapped at the peak price. This hype is very dangerous, especially for the new players.

grabpopcorn536

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Activity: 476

Merit: 12

These projects have anonymous teams and people buy just because they think they have the same potential as YFI (yearn finance). Does no one know if they have the official source code or not? I feel they are overblown and one day they will have to drop in price quickly, maybe they will be about $ 1. It is a risky game for gamblers and uniswap is the biggest casino this year. Yesterday Uniswap's trading volume surpassed 400 million dollars, which is terrible.

Bitbtc8

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Most overpriced DeFi projects are not surging because of their use case but the hype, this is dangerous because price can dump, I suggest investing in DeFi projects that aren't overpriced yet and also do research so as not to fall victim to scam

akwfleaspirit

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Activity: 163

Merit: 10

Quote from: Yogee on August 30, 2020, 09:19:34 PM

Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

The y series have become a trending topic on most social media.

Haha! You know it's going to be pumped and be dumped whenever you see a new project promoted excessively.

Quote

Yffarm (Yearn Finance Farm) I see this last one, as a big scam.

Can you tell us why?

The yffarm, are bunch of Nigerians, there is no transparency, I initially tried checking out the team few days back when I joined the group and today they have changed there real pictures to avarters. Raising Presale today and staying active to remove anyone who ask questions they can't defend. A bunch of red flag attached to that project tho.

There are many of this kind of projects out there, springing out daily, and the gullible ones fall victim.

TheMystic

member

Activity: 171

Merit: 12

Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

The y series have become a trending topic on most social media.

Yfi (Yearn finance)
Yfii (DeFi money)
Yffi (Yffi finance)
Yfl (Yf link)
Yfv (Yf value)
Yfie (Yfi exchange)
Yfis (Yfiscurity)
Yft (Yield farming token)
Yffarm (Yearn Finance Farm) I see this last one, as a big scam.

My concern is, with the high rate of pump in all these ys, what happens to investors, if it dumps terribly back.. Or glitches like yam. It's scary seeing so much campaign on ys. Who knows how long this will go for.

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.

Asides from the y series, majority of the defi projects out now are scam projects. Just that many fall for the y series cos of the yfi hype.

Just yesterday, 7 projects rugged and 5 started with the letter Y.

People rushing for the y series are in for a big bubble burst soon. And for the common ones like yfi and Yfii, if you are investing, do so with what you can afford to loose.

lizarder

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Activity: 1722

Merit: 895

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.

NavI_027

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Activity: 1232

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Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

The y series have become a trending topic on most social media.

Is this so called "y series" just your own invention or not? If yes then that's a witty way to sum them up in all fairness. However, there's nothing wrong if the name of their platform starts with letter Y. Such thing is not a big evidence for them on becoming scam or not because there are previous scams which don't start in letter Y obviously Grin

. Just a coincidence I guess.

Quote from: akwfleaspirit on August 30, 2020, 09:22:38 AM

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.

FOMO is okay, that's what I've learned in the past. Bitcoin and reputable alts are enough for me.

X-ray

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

agree that it is a bubble. someone will have to pay eventually, and sucks to be them. people are throwing money here and there like a madman now.

Those who are throwing a lot of their money to the defi coins when it has reached the peak price have been losing their mind. If you are watching this correctly and then those were only shorting the market and no more. The whales or pumpers have already accumulated a lot of coins to be dumped for the late players

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: GreatArkansas on August 30, 2020, 10:45:21 PM

.....I am curious if the one will benefit on these kind of trends in DeFi is the Ethereum, do you think guys Ethereum will get affected on these?

Are you asking if the price of Ethereum is affected by these DeFi projects? I believe so. It's not the same as the speculation on eth 2.0 but it still affects the price. You need eth to interact with these DeFi platforms.

If you are asking about the blockchain, then it's certainly affected. You can just look at the gas price for sending tokens and you'll know.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

I'm also surprised on these kind of trends these days.
At first glance, it's kinda they are shitcoins.
I am curious if the one will benefit on these kind of trends in DeFi is the Ethereum, do you think guys Ethereum will get affected on these?

Topic: Y series trends... What do you think? - page 3. (Read 639 times)