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Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

During 2017, there were many projects that were listed on the top exchanges. They must have been successful. The project will die if hyped. I don't think there has been much success since the current 2017. The reason for success is because of fraud and scams. Various projects have not been successful due to fraud and scams. He left the market with a lot of money. But currently being successful. People have started blindly investing. Because he wants to make up for his loss. Team can cheat. So people are investing despite being risky. Everyone be careful, you invest your money carefully.

It's so disappointing that I missed the YFI project when it listed at 35$, imagine if one has purchased only 2 tokens upon its listing. We would have made over a million percent return on investment. The Cryptocurrency industry could be very lucrative and I wish to find a project like YFI before it starts increasing this much.

dont be disapponted with this condition, there are alot new project that possible could happen like yearn finance too. as we know today many new project with " Y " name and investors very interested and dare to speculate . i 've see more than five "Y" token series and most of them gain profit in few days after listing.

There is only one thing I don't understand. why we see such strong growth? The only reason is the simple FOMO. I don't think any project can be more popular than Bitcoin and cost more

It is more of a regret than a disappointment, because those who dare to risk buying at $ 35 the first time it is listed will obviously be very profitable at this point, and rest assured that projects like YFI are very rare in crypto.

I don't think this tokens can sustain for long. I see bubble coming up. Hotdog went from 4000$ to 1$ in 4hrs. This is really a mess. Imagine buying at 3500$. We should be careful not to get caught

Beside of FOMO and there will always be another reason why FYI has already increased a lot and it was worth 3 BTC at this moment.

IMO the first factor should the low supply that makes people gets a very small chance to own the FYI coin and the functionality of the platform may become another sense reason for FYI worth a lot of money. FYI was also backed by so many big names

FOMO is not the only reason.

Being careful is always recommended, but what is more important before making a purchase on any token is strong research and analysis on that token, because buying at a high price clearly has a lot of risk and the potential for loss is also very large.

All those YF* whatever DeFi projects just come out suddenly to beat other strong DeFi projects like chainlink, I don't just get it, for Chainlink to get to where it is today it takes the project some time but these YFI or YFII just storm everything, you don't have to be warned as it's obvious that these projects are hyped projects

You don't get it yet you're wearing a signature about defi project, isn't it a blasphemous act of you? Or you you think Oikos should be the one right now to FOMO? When we get to bear market we'll see the real price of this DeFis, right now maybe buy the hype.

DeFi is a really good concept; but these coins are all mostly shit...

Ppl forgot what happened to MKR collaterals when BTC went to 4k

People always forget their negative experience when FOMO starts on the market. they now pay 50 percent commission on the Ethereum blockchain to buy coins. They are crazy and not afraid to lose their money

There are many Defi projects today and quite alright there are legit ones and there are others that are just pushed by hype. Now take a look at most Defi projects, especially those that were there from the onset, you will realize it took the developers time, efforts and many Improvements for them to stand out then attract massive attention which of course led to their price increase. Now these type of Defi projects weren't moved by hype or low supply but rather by what they offers. Then on the other hand, a project like YFI, which was launched just few months ago has reached a breathtaking price, of course many will say it's because of low supply but I will say it's just hype and fomo, nothing more. It took Bitcoin years to reach where it is today, same with other major coins and this one reached such priced within months, there is every reason to be careful of such type of projects.

There are good defi projects until the hype is over. Its a good ride though. Just imagine how much you could have if you have bought YFI while its still worth $18k. I was actually planning to buy at that price but thought it could dip any time but didn't.


It just started early this year, the first I saw was the Synthetix until I learn Aave was the first in Lending platform.

It's only been around for more than a month, but the price has grown a lot. Obviously this is just FOMO and the price will definitely fall in the future, and I think the price has gone too high and how we can invest in it. Too dangerous and risky

At the beginning of the knowing YFI, I couldn't believe that the price could go far beyond the current bitcoin price, the current an increase in YFI's price is due to the DeFi system which is currently becoming popular and is being used by crypto platforms, one of which is the YFI cryptocurrency which does use the DeFi system, I think the DeFi system will continue to push up some cryptocurrency prices in the future, such as Bitcoin, ETH and other cryptocurrencies and it's a good time to invest the money we have into some trusted cryptocurrencies

But what kind of volume that coin had? It is very easy to create a coin that technically has a higher price than bitcoin, but if it has no volume and no one is buying it or selling it then that coin is worthless despite the apparent huge price, the second aspect is the market cap, what market cap it had? Once again it is easy to claim that one coin has surpassed bitcoin when it comes to its price but if its market cap is minuscule then it is all an illusion to try to lure inexpert investors and maybe it could be even a scam.

I agree. It's like a game of chance or a lottery. People buy new tokens in the hope of a quick take-off, but they also can a lot to lose.

YFI itself, I think it is not a bubble because I think the increase of price YFI is purely due to interest from investor and also other factors, maybe because of the low supply, I myself knew that the token was only $ 60 at the time and was regret for hesitating to buy it, and now because of that coin, many projects with name "Yearn" have sprung up, many people have speculated that price of YFI could still go up.

Bce пpaвильнo ты гoвopишь. Цeнy тoлкaют ввepx cпeциaльнo нaдyывaя oбxeмы тopгoв и coдaвaя иллюзию cпpoca. Я yжe вижy кaк paзoчapoвaнныe любитeли лeгкий дeнeг плaчyт и ceтyют нa жизнь

Like bitcoin, when redevelopment rights are transferred to the community, the value of bitcoin automatically increases. YFI has become the most successful agricultural project after impersonating projects and trying to get people involved. I feel like 2017 ICOs, people participating in ICOs, and a lot of people losing money because of scam projects.
The market has new trends, but that also means they will have downsides. Fraud through agricultural projects is becoming an illness. Be careful before investing in anything.

I would suggest everyone not to fall for new and suspicious projects that are launched on uniswap mostly and most of them do not even have a whitepaper. It is just the fomo among the market players that is causing even the unknown coins to boom but as soon as market will stabilize many of these defi coins are going to crash to almost nothing.

It haven't "overtook" bitcoin nor it's more expensive. Far from it. Marketcap for YFI is $957,816,984 while Marketcap for Bitcoin is currently $198,514,611,488.
So it isn't more valuable by any means. That's what you get when you have 30k supply and people looking at one "full" coin value.

You're wrong. At its peak, the coin was worth over $ 38,000. And even now, its price remains higher than $ 30,000. This can be clearly seen on the coinmarketcap website (https://coinmarketcap.com/currencies/yearn-finance/).
However, I agree with you that this is a huge bubble that will eventually burst and bury the money of unsuccessful investors.

This basically shows on how a HYPE can really make these things possible on where price can shoot up into those spectacular levels on where we dont even expect that it do even overtake Bitcoin which had been
on this market for 11 years compared to this DeFi project that had just launched recently.

Lucky for those people who do able to get in and its better to get out and secure profits early rather than considering this project for long term aspect. Good project will be test out by time and if do able to stand
for that long and does really have that community support then it indicates that this one is different than on most common projects out there.

Its true that projects that had been running for years is much more better than on a month old project.

In fact, did YFI exist just because of hype? So that it could easily soar beyond BTC and other coins so easily in just a few weeks?
Look at the chart, it's really surprising. I wondered, can this easily achieved success last long? Or will it drop dramatically because the hype is over?
Maybe so, but YFI holders will not possibly let that happen. We see that the total supply from YFI itself is almost all in the market, circulating supply.
All right, whatever it is, don't let any regrets because of the hype or missing moments from YFI.

I suggest you watch the development progress that has already made by YFI and YFI has already audited by so many trusted parties. It's not about people who were buying it caused by the bubble. YFI is totally different as it was the first finance project launched by the famous party with a good reputation.

It's fully audited, it has good functionality. People were buying it caused by they were know about the future of YFI.

You can try your lucky with other Defi projects which have a involvement platform with YFi such as Curve. The price of Curve today is quite good to buy, so let's research to not miss out again.

I am really worried about Defi projects and best when you have a market profit you should consider selling to secure your property because as far as I know, not all projects are good for you to choose to invest. Also, you should learn about the coin before you buy it because if it is a newly created coin, you will definitely face a great risk. Of course, the most important thing is that DeFi projects are often highly sought after and this is a new trend.

The simple logic should be less supple combined with high demand and that will be result in the price of tokens will be very high consider the very small amount of tokenj will be divided into the a lot of people. I remember about economy 101.

What you are saying totally true but you forget another aspect when crypto is not about supply and demand but it must be combined with good enviroment and community is also playing a very important role too.

Obviously, it is hype.
That's what knowledgeable in cryptocurrencies will always tell when a price goes to the roof without even having a good reason.
It ain't a good project. The mass just focused on buying the coins.

It's a good profit though. Someone who is in short-term investment can make a lot with that high of a fluctuation.

The current trend in the cryptocurrency market is DeFi and I think the trend in the future will change. New projects are constantly emerging that take advantage of existing industries and I think if the DeFi project is hype, then there might be a new trend in cryptocurrency.

It is unfortunate, you throw away the golden opportunity that is in sight. What was on your mind at that time so that you were afraid to invest in YFI ?. At the beginning of the launch of YFI, there were signs of rising prices and lots of investors who took part in it. If at that time you dared to take a risk by buying only 2 tokens, you can imagine how much profit you have got.

In fact, DeFI projects were created not now, but several years ago. Take for example the leader among DeFi projects, which is Link, it was created in 2017. Just now, thanks to the HYIP, it is more like a soap bubble, in which the price increases by attracting new participants. And it is now very risky to invest in such projects.

I think DeFi projects now look like speculation because investors are only interested in profits and they are definitely risky if you don't consider them.

In fact, I have been involved in more than 10 different DeFi projects in the past few months and most of them have helped me make a big profit. Of course, I only speculate and will sell when there is a profit because if you hold it, you will easily lose money.

Once we buy DeFi projects especially those new once we must monitor it and take advantage when the price increase as it did not happen in any alt mostly. I also do trading and buys some DeFi and make sure that once I hit atleast double or triple of my capital I sell and find another project to trade with as DeFi prices were only due to hype.

Defi is very risky, I am reminded of bitcoin in 2017 where bitcoin was deposited in a few months and experienced a large decline in price in a short time
YFI will be repeating the bitcoin moment in 2017
Currently, I do not dare to take big risks because it is possible that YFI has touched its ATH and could fall at any time

when its good theres always a risk that entails with it but we cant also pick bad projects just because theres no risk because it does not make sense or itl only make you a bad investor  .

that could be your last when you end up being greedy and invest all your life saving and suddenly bam , bubble burst

lol wtf . so that means when price started to fall ,  people easily loose faith and panic sell .

Those are the grateful who were invested in YFI at the time it was listed when it's the price was $35 and right now it has been growing consistently and it's almost reached 29k.

Yes, and that's clearly a good advantage for those who have invested in YFI when the price was still cheap ($ 35), but if you want to buy at this point it's not too bad, because the potential profit that can be obtained through day trading is still very good open to everyone.

YFI is indeed a legit project, but Conje has consequentially created a completely new "sub-genre" of DeFi, an army of YFI clones, most of them blatant scams from their inception. So yes, stick to already established yield farming projects and avoid garbage that is primarily named after food haha.

That's the real risk behind, once the value rises to it's peak, the correction will hurt your investment a lots when you place
your entry in the wrong position. You need to learn and you need to be extra careful when positioning yourself. DeFi kind of
projects are hyping and with that, it's your judgement that will going to make either profitable or lose your investment,.

Hhmmm...your opinion is respected.  However, if you have invested in this YFI when it was $35, it would have been another testimony or story today.  There are hypes or manipulations about one project or the other, despite that, some coins are worth putting a whole lots of investment on them if discovered at a ridiculous or small price, such project is that of YFI.  Before every hype is bursted, I tell you, things would have changed better for you.  But as it is now, because of the high price, I don't think it will be logical investing in such a new project now.

It is quite likely to grow further in price, because it offers a real opportunity to earn money.
However, it is worth remembering that this token already has too high a price, which has a chance to fall much more than to grow.

I think it would be bad if you bought them now. The price has gone too high and even 3 times higher than Bitcoin, it's too risky to invest in them. I will buy bitcoin and hold instead of investing in this Defi project

Therefore, you need to constantly study each cryptocurrency project in which you want to invest in order not to get caught by scammers, but unfortunately now it is becoming more and more difficult to find honest cryptocurrency companies and very often you come across scammers and a lot of scam projects in the DeFi sphere.

This has been the thing I have kept saying for a long time, hype is real and people are getting warped into the hype unfortunately. Nobody denies that there are some awesome defi projects but we are talking about losing a ton of money because you believed one was good so all will be good, that is not how it works. If one is good, all others could be bad, so just research what you are going to buy and do not invest just because it resembles something else.

I personally do not really go into all the DeFi hype because I have seen some that is great but they are already great and it is too late for me to get into them, all the other ones that resembles are just copycats and I rather not invest into them, they will just try to take the same steps and people will just not care.

Thanks to this hype around DeFi, they start to look like a balloon that is pumped up by speculators. And each subsequent investment may be the last one that will only bring a loss. You are obviously good at determining when it is time to exit DeFI with a profit.

Indeed, if we examine the price clearly it will not be good to buy at this time, but if you want to take a little profit through day trading, I don't think it's wrong to buy it now and Bitcoin is also very suitable to buy at this time because it is experiencing a price decline, especially if you want to hold it in the long run.

It is a lot profitable around DeFi because of the huge opportunity but not the possibility that it will last but definitely always be on the lookout to get out on time, I think the DeFi trend has been a long time meaning we have to know those conditions which are not always going to be profitable.
Like yesterday the dump market for some DeFi tokens experienced a great decline, now that fact is nothing that can be avoided and of course we will lose too.

If you are looking for value for investment you need to identify the project before hitting the market and invest during the initial period, it has its own risk in identifying good projects and if you find one and if you trust the team then it will be a game changer when it comes to investment, day trading will not give you the profit you are looking for and i would not dare to invest in these projects after a big rally.

   It's people who fall on hype, they invest in these times. I don't think that anyone from
here would invest now, we know that time for selling was a day ago when crypto-currencies were on top. Now we have correction, good time for buying will come
again, but we need to be careful where we invest, while some projects will survive
and recover I think some are going to bottom.

Investing in Defi projects is risky, but the return it brings will be huge if you invest the right time. The prices of the Defi projects grew very quickly, but it also collapsed very quickly. In just 1-2 days the price can fall many times, like the DIA project or a few other projects like YAM, DOT ...

Your narrative of a good project is the one that offers high profit within a short period of time without taking into consideration if there is any usability or products and whether the project will be available for a long time. I know YFI is one of the most hyped defi but you should know that what makes it to rise is because it was listed in big exchange like Binance. Unless you buy such coin during the early stage, you cannot predict what the future holds especially now that the coin has a new fork called YFII

People just need a shake-up. Everyone sat up at home in quarantine, and now emotional relaxation is needed, and here is such a surge of adrenaline. Crazy market jumps and the ability to get rich or lose quickly.

Yes, only the top projects in this market can be profitable in the long term. Do not try to buy and hold Defi projects because it will make you lose a lot. Over the past few days I have seen many Defi projects collapsed, even falling prices a few times in just a few days.

Yet you can't tell people not to invest on what project they like, we have different views on seeing things, maybe the thing that you were looking for a project is not there but they have what the others are looking for, we have different taste after all. What most of the investors just need to do is research the entirety of the project from less to most important ones. The hype is real these days, investors are enjoying every pre-sale actually  :D

Don't get me wrong, there are really good projects these days, but for us that has been here for a very long time, we know how this is going to go. Thus, let people be responsible for their own money, let them learn their lesson in any way.

Just think about my thoughts.
In 2016, the first projects on Ethereum were doublers (Send 1 coin, after a while, get two).
Haters said that the Ethereum was a scam, and in 2017 the ICO rally began.
There was a lot of scam, but now there are a lot of useful projects on Ethereum. The same will happen with the defi ecosystem. Soon people will get tired of farming shittokens (these are the same doublers in 2016) and only good projects will remain.

Very few people have complete trading systems, basically the most they do is to get some entry signals but they never know when it is the time to get out  and for the most part they end up holding their coins for too long and losing their money in the process, it is for this reason I do not recommend people to invest in those projects because even if the profits are incredibly attractive taking into account the short  amount of time needed to get them they forget the losses can be massive as well and once you lose your capital you have no way to take advantage of more solid movements in the markets.

please join JetCash TalkEnglish forum; it will help you.
:)


Very well said; a huge pullback will actually reveal the DeFi projects that survive and are worthy.

Anyways I always wonder how TRON survives.

Don't just look at the price of the coins. Look at the supply too. They have only around 29,967 yearn in circulation for which the price of each token is high. The low supply also means that the price can easily be manipulated. True, the sudden rise from 30 USD to 19,000 USD is indeed alarming and kinda feels like the price has been manipulated.
People still people will invest in those projects without even thinking twice or learning more about the project. All they want is just profits.

well we will see that if indeed the YFI coin can last long enough then people will find it a good project.
but if not then YFI will only be hype right now like other defi coins which have increased due to hype.
however the market conditions are on the downturn at the moment, so we can't see a rise for a while.

I can say that the DeFi projects now are very bubble-like and can collapse at any time if the market is unstable. I think before investing, you should set a selling price and not hold for too long because it can cause you to lose a lot. Anyway, now there are still a lot of good coin for investors and you should be careful before deciding.

We have a good defi projects actually but looking at the current market situation, I can only pity those who rush to buy at the peak price. Most of DeFi projects are bleeding, take a look at the image below.
https://i.ibb.co/RT8VMcj/IMG-20200909-084528.jpg (https://ibb.co/9HPCfWZ)

You should have a look at new ones. Off course there is a risk but that's true for anything. Not taking a chance is also a risk. I put in a little into a new coin fiscus.fyi (https://fiscus.fyi/) and it doubled since the beginning of the week. I'm hoping it moons like yearn did and I'm early, then Ill be a happy chap.  :)

It even touched 38K; but I am apprehensive. A more strict code review needs to be undertaken and pool liquidity shud be better; I feel it is over priced and 10K wud be much better imo.

I can’t tell why the price has been able to reach that high, and it’s not just stopping there, the prices keeps going up and right now it has reached $30k, and the way I see it, it might keep going up. DeFi is the trend now and as long as it keeps on trending, the price will keep on increasing, but the question will be for how long it will continue to trend?

Because one thing I know for sure is that all these hypes don’t stay forever, they have their time and they just come and go, it might not even last for a year and it will be over and the price will go into correction. That’s why there is always one rule – try to manage your risks by buying what you can afford to risk.

I mean there are a lot of projects that switched to DeFi inorder to ride with the hype. Surely maybe atleast one of those projects would be good tho a good amount would be shit projects that just want to milk this hype.

And now after only one day the price has almost reached 44,000 dollars and it is the highest price we have seen for such coin and it seems the coin has grown more than 50% during this week alone, if that doesn't tell you that coin is going through a major bubble and that anyone that has invested in it should get out as soon as possible then I do not know what kind of signs people need to acknowledge that information, that kind of growth is unsustainable and sooner or later it will crash.

There are still people who believe that if you invest in the right time or at the right project or whatever you are going to make a ton of money. First of all if you invest at the right time to the right project you can make money at everything, defi is not special in that case, every single coin in existence had or will have a good moment to buy, defi projects are not different, some of them had it, some of them might have it in the future, but they are like any other.

The problem here is that there is a hype right now and there are a billion different projects, almost all of them are fake or scam, which means defi was something cool but now it is tainted and people should be careful about what they are investing into, do not fall into scams who pose as cool new defi projects.

I think it is probably better to have a look at similar but not yet recognized tokens. Still high risk but that is why the reward is high. Projects like sushi and fiscus.fyi (https://fiscus.fyi/), could be something to consider.

There is definitely more to that whole Defi topic than pure hype and FOMO. There are some Defi projects out there that have a solid foundation and a great use case and will likely be successful in the long term.
But those solid projects attract copy cat projects which are only looking for quick money and some naive people to scam.
So we need to find those good Defi projects and invest in those. Which is not easy if you want to invest early.

The thing about these things is that you have to get on early , and moreover it’s not every project that you get on early that’s going to be successful, but if you’re lucky to find one that happens to be successful and the price bursts like this, you’ve got to sell and secure your profit if you can or you will lose when the hype is over.

Most of these projects are usually successful as a result of the hypes they are getting and once the hype passes it will be over and you will see the prices will crash heavily. I don’t know what’s going to be the future of these DeFi tokens, I don’t know if they are going to be this high in the future if something should come out, because this market is usually all about trends, except for the old projects that has been able to establish themselves solidly.

there is still confusion about the news about this defi because it is still a new system and of course many are still seeing it first and not a little, many have followed. but will defi work properly and is it really a scam? time will also determine all of this because there is still a lot of unaccountable news which actually makes the defi problem so busy. we just wait is the best way, soon the impact will be seen.

This is something I can agree with, people are desperate on getting on the DeFi market thinking this is the chance they have been waiting when they are too late, they should have invested in those coins at the beginning of the year and they could sell their coins for incredible profits now, but instead they are buying when we are close to the peak of the bubble and most likely the price of all of those projects will begin to go down as new money runs out and people finally realize they have been investing in projects that have nothing developed yet and that most likely will never develop anything at all.

It seems that, indeed, the YFI token grew in price mainly on the belief of investors in its further price growth. For a while, this token stopped growing, investors' faith was shaken and its price began to fall. Today YFI can be seen at position 24 in the CoinMarketCap table, although a few days ago this token was ranked 20. Its price dropped to $ 31,871, and a few days ago it was above $ 40,000. In one day, YFI's capitalization dropped by $ 45 million. If investors get scared and begin to take profits by selling YFI, then in a few days, or even hours, it may fall below the bitcoin price.

YFI is one of the tokens that has experienced a significant increase in price and has surpassed BTC in recent times. things to remember when prices rapidly increase price decreases may occur at any time.

Recently there are many good defi project to invest in the market.One of the most reent and successful defi-project is YFI which has even surpassed the price of bitcoin in just a few months.I think now is the right time to invest in defi-projects one should just be cautious when investing because there are so many scam defi projects out there.

This is one of the DeFi projects that have shocked me the most up until now because the value of this coin has actually increased very high and exceeded investor expectations.

If talking about the most successful DeFi projects, YFI will definitely be in the top 10 because the profit that this coin brings to investors is huge. One more thing, DeFi's capitalization is on the rise and it is predicted that this will be the most prominent investment trend this year.

crypto currency market going crazy now, not only YFI that surprised us about price there are many token price increasing extremely . its trend for new altcoin not existing altcoin. look like investors now courage to speculate in crypto market to earn huge gain in only few days.

"a young project simply physically can't create such a real value in such a short period of time" - I have to disagree with this. It's unlikely, but revolutions happen. Just take a look at YFSwap (DeFi based on BTC and ETH) or Uniswap. Good fundamentals + big demand = Success.

The defi project is something else that has gone beyond logic, the young project has taken over the price of bitcoin and has grown in price drastically surpassing everything else, but one thing we need to realize is that YFI is currently 35 at CMC and I am worried when the hype is over then people will leave all the past behind.

Generally the Defi market cannot be predicted, which means anything can happen at any time, just be patience and wait for more good projects