Topic: Y series trends... What do you think? - page 4. (Read 639 times)
Those coins were only bubble coins and there was no big that can be expected from them. After I have known the usability of the real yfi aka yearn.finance and I can take a conclusion if basically what already offered by them all are still the same with the existing features that already offered before. The bubble can burst anytime.
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?Quote
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.
The collapse for most of these "Y series" or other DeFi projects will be catastrophic. A lot of speculators who is riding this train will undoubtedly complain and cry. I don't know how long it will last but I think it will be shorter than the days of the initial coin offerings. I won't be surprised if regulators starts clamping down on these decentralized lending and investments. Once they do, many of these projects will run away.
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.
There was no a clear reason for this pump but in my opinion if the reason could be caused by the hype from the defi project. All of Y series defi projects were getting the pump after the original yearn finance project was getting pumped so high before. Some people started to forked it and then the whales are taking it as another opportunity to pump the market too. The whales are hyping the defi project right now.
I have never heard of this hyped yfi coin, this is just a matter of pump and dump scheme created for newbies wandering in the ecosystem lookin for fast money at all cost. I believe many had been scammed for this and losose their respective money. Investing on already reputable coin and assets would be a safer and clear one for new investors until they probably had a good stamina in the crypto fake hype and scam movements.
Also the causes of falling victim for this is lack of doing a proper research on project before investing, asking questions on the forum before joining in so you could be sage at last.
Also the causes of falling victim for this is lack of doing a proper research on project before investing, asking questions on the forum before joining in so you could be sage at last.
Not good at all, I think people are going to fall for this and majority of them might end up a scam in the first place. And I have the feeling that many newbie investors will be caught in the hype resulting in a big lost for them and then blame crypto market. I guess they have to learn their lessons the hard way though, to teach them not to just buy on those hype but to careful study the markets.
It is their responsibility to check and research about it. The trend is particularly fearing if it keeps on pumping, there is a tendency that there will be a sudden dump. The lesser supply will give an idea to those developers that this is what the investors what and they'll start to FOMO.
I guess we're about to see the ballooning of such projects that are inspired by these yfi trend.
I guess we're about to see the ballooning of such projects that are inspired by these yfi trend.
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.
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.
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.
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