It looks like the period of cryptocurrency pyramids is approaching 
Topic: Yearn.Finance (YFI) hits $28k - page 3. (Read 1004 times)
https://coinmarketcap.com/currencies/yearn-finance-ii/ pump of new bubble from yearn finance It looks like the period of cryptocurrency pyramids is approaching
It looks like the period of cryptocurrency pyramids is approaching This improve that bitcoin can get up as this much when the supply are max and this was a crazy number for one altcoin despite to be this much of bullrun i guess this one will be the first one expensive altcoin then bitcoin. I dont know why this token get so expensive but for this time im gonna pass it out as the bull are too bull to get in. Anything that get pump hard will be drop hard in the matter of time.
Well wait for that coin to crash and then buy some when market price is low. For now the altcoin yearn.finance is almost 3x expensive as bitcoin when I was expecting that no coin can surpass bitcoin market price to which now records at 12K$. I did not notice this until such that OP posted regarding the market price of the altcoin. This is the most expensive coin right in cryptocurrency I guess and I do not know what happen to this project.Is there some sort of reason why such a huge market price of this coin?
Isn't Yearn VC ( Fair Value capital ) giving a run for the VC's? I see lots of Big names being involved.
Edit: It's 32k right now lol.
The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cryhttps://www.hotbit.io/exchange?symbol=YFI_USDT
You shoud think for a twice before you will try to send your money to the whales. The whales have already started cashing out their money from the market. In my opinion this coin will get a small bump to the 30k and then another dump will occur
You should not buy that dude because the hype is over.
~now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry
Check again the current price, it is decreasing again to $32,4xx. I don't think it is a good idea if you want to buy YFI with the possibly more drop currently. Indeed, the price also can soar again suddenly, but how if it is getting drop day after day. I think with too significant increases in YFI price in the last few days, it should have a correction time. If you want to bet on the next pump, don't put all your funds there. Better to avoid the big risk of losing all your funds because you follow the Hype.
Edit: It's 32k right now lol.
The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cryif i were you, i won't buy it. the price doesn't really make sense and it has a little supply. this coins can be owned by only a few people since its price is just $800 last month. it can dump badly in no time. don't fall for it.
And ? What exactly are you trying to tell us ?
This is just a game of how many coins are out there.
And no i dont belive that they are smarter than others, most of the project try to get their attention by emitting very high amount of token, so that even small price will get them in huge marketcap region. These guys something different and got lucky by having price in their target and tehrefore in cmc top
This is just a game of how many coins are out there.
And no i dont belive that they are smarter than others, most of the project try to get their attention by emitting very high amount of token, so that even small price will get them in huge marketcap region. These guys something different and got lucky by having price in their target and tehrefore in cmc top
There's a lot of investment flowing to this project as it rise multiple times, looking at https://coinmarketcap.com/currencies/yearn-finance/, the price rise 42 times from the price I saw when it was listed in CMC.
$799 only last July 21, 2020, and now it's already trading at $33,810.12, and there's no sign that the price would go down, but if I have invested on this, I would not wait until it will fall down as correction is expected and we might see a hard fall for this project.
That is bound to happen. Anything that skyrocketed too fast will eventually crash hard once the market is unable to sustain the sell off.
That's everyone should be looking, instead of getting into FOMO, they should also look at the risk that it might start its correction the soonest and some might become a bag holder if the coin will not recover anymore. If bitcoin had its correction which is the most popular cryptocurrency in the space, how much more a new one that was not tested through time yet?
Edit: It's 32k right now lol.
The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry
I think it would be better for the team to do token split for the tokens, the spread on exchange is too wide and I believe people that missed out will start picking up alternatives, since people believe in whole number, some people do not even believe you can buy 0.1BTC,split and let new entrance into the game
YFI - bubble. Change my mind (spoiler: you won't make it).
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.
I think many people will think like you. in the long run, I don't think it will be good and more of an idiot. but for him who already owns it from scratch, I think it is better to immediately take advantage and get out of the market. taking short profits is better than keeping it or buying it now. The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.
YFI - bubble. Change my mind (spoiler: you won't make it).
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.
Damn! I don't think yearn finance is a safe haven for investors who don't have enough money to gamble with, no risk no reward they say but this token value is way too high, if price dumps it will be a huge loss of money, I would rather invest in BTC instead.
yeaah, it's not safe heaven at all, because when someone take profit, let says 50yfi, that's will make some panic sell, and maybe will huge dump, care full, dont ride with FOMO
32k is so high, very high...
I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks
there are good rewards but too many risks.. not for me, i follow like fan
I think the price of $ 32k is still very cheap because we can see that the total supply of this coin is very limited and can beat the supply of bitcoin which means that the price of YFI can reach more than $ 100k one day, all we need is to buy a few because it is getting more expensive it's getting harder and harder to get YFI. I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks
there are good rewards but too many risks.. not for me, i follow like fan
The rate at which these coins are booming is just so crazy. Today you can see 20k and boom few days you just see like 30k lol. It's getting more interesting 😉
What's going on with this coin? It's getting pumped crazy af right now.
https://i.imgur.com/JFVbWCN.jpg
https://coinmarketcap.com/currencies/yearn-finance/
Edit: It's 32k right now lol.
Its not first time something like this happens, nor the last time.https://i.imgur.com/JFVbWCN.jpg
https://coinmarketcap.com/currencies/yearn-finance/
Edit: It's 32k right now lol.
I guess its a thing to speculate about, but not talk.
32k is so high, very high...
I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks
there are good rewards but too many risks.. not for me, i follow like fan
I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks
there are good rewards but too many risks.. not for me, i follow like fan
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The Hype with this coin is real and out of this world 
although I'm not surprised that this may happen because of the very low supply of it.
Low supply of it = it is easier to pump and dump compare to Bitcoin and some high supply coins.
Well, for those who risked some of their money and bought last week or 2 weeks ago then you have a huge profit right now. For me, I didn't join the show because I already expect that this coin will go down anytime soon. Trust me, this will coin will go down way worse than you can imagine. With this very low supply of it, it is easier for the coin to pump and at the same time dump. Just beware in investing to this coin.
although I'm not surprised that this may happen because of the very low supply of it. Low supply of it = it is easier to pump and dump compare to Bitcoin and some high supply coins.
Well, for those who risked some of their money and bought last week or 2 weeks ago then you have a huge profit right now. For me, I didn't join the show because I already expect that this coin will go down anytime soon. Trust me, this will coin will go down way worse than you can imagine. With this very low supply of it, it is easier for the coin to pump and at the same time dump. Just beware in investing to this coin.
The YFI project has been on a steady increase since inception. I was surprised when I got to know that the coin was worth over one btc and as it stands its over two btc in less than two months of joining the cryptocurrency space. I would advise that anyone investing in the coin should be very careful because the value can also drop soon.
agree totally, should be more than careful, it is not just price, there is volume as well, and YFI is rising very fast, which is not followed by proper development and use case, i am actually not sure what is happening outside of DeFi hype on this token?
is there anyone here that actually bought the token and earned from it? would be nice to hear some insights
The YFI project has been on a steady increase since inception. I was surprised when I got to know that the coin was worth over one btc and as it stands its over two btc in less than two months of joining the cryptocurrency space. I would advise that anyone investing in the coin should be very careful because the value can also drop soon.
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