Bitcoin Forum

I don't think I need to give info about YFI here as it looks like everyone already knows about the coins. Let's talk the topic then.

A coin that was worth $3 and whose developer himself said that this coin doesn't have any monetary value, but investors proved him that his thinking about his coin was wrong. From the size of a droplet to becoming a mountain itself, yfi took a very big volume in terms of having its own share of investors in the markets. Went to over $40k from just a $3, yfi caught the eyes of each and every investor, many of whom already invested whenever they saw it one leg down coming. Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

The hype was done already and I’m expecting for a more dump with this token as DeFi market is struggling right now. YFI made a big impact in the market and made a lot of investors to take home with huge profit, if there’s more development we might see this one to pump again, but for me its on a down trend and what goes up will go down again, and right now is the time for going down.

Um,,, you do know that investors did not prove him wrong at all right? Just because they pumped the coin from $3 to $40 does not prove him wrong in fact,,, it kind of proves that the coin ultimately has no value like regular money but speculatory value like 99% of altcoins and tulipmania like assets.

As the YFi price is down too deep than a few weeks ago, I am not sure if people are still waiting for another pump because they bought that token at a high price. It is difficult for them to expect the token to have a pump and lift the price to the high price. It could be possible to have that pump, but we don't know if the token will still have the power to raise the price. But I think that many people still have that token and waiting for the price to increase again. I am afraid that the trend of YFI is already ended, and they are hard to make a profit from that token. Maybe it's time for them to switch to the other coins.

I think people are bored with this kind of project, just look at the price continues to fall YFI and also other tokens that have slightly the same name and also the same concept, they reproduce quickly and then fall so fast too, there hasn't been 1 year people this soon left the project on the fly, holding ETH and BTC is better at this point

who cares about its real value? It is used as pump and dump coin. high volatility and high volume. That is what a trader wants. I remember dogecoin was created based on an old Internet meme  :D, and people were buying it like crazy.

It's an obvious just a hype so if I were you I will now take my profit this only proving that someone is manipulating the price of that currency .

From 3$ to 40k any reason for that high increase other than it's been manipualed by some rich man who want to earn with his holdings that's too much and an obvious trap for new investors.

i believe yfi its experiment project from andre and now he try create some other project, likely yfi will downturn to logical price

defi hype its exhausted with many scam pop up and btc continue to climb make even worse, its new project, took long time to mature,

like IOTA x10000 from ico price, moon on listing

From 3$ to 40k  isnt that magical for you? That's why you want to have it more. Secured your money already nothing last for long. if you were not secured your profit you may regret it later once the price back to which is the right value of that tokens.

The price correction is already happening will you wait for it to dump more ?

Hype is over and its dangerous if you do still consider on giving out some money just to buy it out.

If you do able to make money out of that 40k peak then lucky for you but for people who had bought on ATH is surely still crying and whining at this moment or even had already
sell out due to panic.

Look at all the current DeFi projects now where they are all in reds or in dips.So this one alone will give you the idea yet basing of intensity of drop then you can
safely presume that the trend is on its end. So why would invest if you do know that it is heading there?  Its up to you though because its your money
and if you can risk out those then its your choice.

Neither did I buy nor do I suggest anyone to buy it, this question was asked just for me to get to know that did the hunger of getting rich overnight through DeFi tokens (especially YFI) has now been satisfied or people are still buying into these tokens thinking that they can go 100 or 1000x more? It's better to play Rocketpot instead of trading in these coins tbh, with stable payouts you'll eventually reach that payout one day. ;)

Tbh, it was never sold off but the hype took off when the token got listed at uniswap. Then what, everything was the history as it created one through all the hyip surrounding and it all took off when Binance decided to list it, that listing literally gave a boost to the recognition of DeFi governance and liquid swaps. Later, everything collapsed at double the speed it went up. Sometimes, "Even Researches Can Be Challenged As They Fail, And DeFi Structure Has Been One Big Example Of This".

This just shows how powerful hype can be, a coin that should have no value despite its huge crash is still above 10k, and it shows why even if you use technical analysis as your main tool to try to make money of the markets you still need some fundamental analysis mixed in so you do not invest in something like this, I have known about this coin for some time and I thought its price was unjustified and yet it kept growing, did I succumb to the temptation of easy money? No, because I knew that sooner or later it will crash and it will never recover, if anything the crash is just starting and I will not be surprised if it reached zero in less than a year.

Worst was the case when people started comparing it to Bitcoin and said that BTC is now an undervalued subtoken and DeFi is the new dawn in crypto world. See, how quickly that rise of the dawn turned into fall of the night. Don't worry about its current price as it's been kept there by the whales and they will surely take that shit back over $20k once (I'm sure they'll do it) before they crash it badly like kids. When I'm saying this, I urge you not to take this as a guarantee of some pump incoming and when noon kinda shit and just take my advice with a grain of salt.

Yes, I'm charting it out once in awhile and hoping it come back to it previous trend cause I dont see any sign that the YFI is done because the cryptocurrency especially the altcoins are experiencing some market correction. However, this market correction is predicted but i dont know when it will stop in other to buy the deepest dump price.

The coin isn't pumped to $40, its been pumped to reach $40k+ from mere $3 which is something very very big in the history of cryptocurrency. Such a high price pumping happened in two months of time. Though it doesn't have any value, it has created a market through this hard pumping.

Once after price reaching $40k+ more investors and traders gave preference, because of the profitability. Slowly the money flow had got lowered as the price dropped low. However on the other side people seems to keep investing expecting the magical pump as mentioned in the thread title. Myself too believe in such a pump in the coming days.

if it pumps then good for all the shit clones that we hold maybe it will help us recover from the rugged we got into but seriously i really doubt those double insane figures there are already insane clones and even better ones and too much money in defi...Probably maybe more money gets into crypto But even bull-run wouldnt fix YFI from the way I think

Personally, I think the bubble has been burst already, and seems many have profited, I doubt that it will enjoy the successes it had. The main thing though about YFI, is that it is the prime mover, and we all know that prime movers really enjoy the support of crypto investors in the beginning pushing it as hard as they can.

But as soon as it's dump hard, and it proved itself as just a pump-and-dump scheme, I doubt that it will bounce back as many will follow the YFI hype and then investors simply moving to the next big thing. The sad thing is that many are already trap and didn't exit in time. So it's either they stay and believed that it will pump again (unlikely) or exited with some loss.

I do believe YFI is done for now but i have been trying to gambling in the keep3r too. It's a new coin that already created by andre cronje and people have been moving to the keep3r. it's growing for more than 2k% like YFI too.
There will be no pump again for YFI but a new hype has come to the new coins like keep3r.
Traders are always moving from one to the another coins.

YFI and YFII still go down without we know when it will stop at the lowest price. Besides that, we don't know if that token can back to the high price or it is still going down.
This time, many people losing their money again from that token, and they hope that the situations can be changed and the price can increase.
But I think the trend of the YFI and YFII is almost ended because there is no sign that the token price can rise to the high price, but it will go down deeper than the price now.
But if there is good news for both tokens, maybe the price can grow slowly, but I still wonder if that can happen this year or next year.
While bitcoin itself having the time to increase, we should move to the bitcoin or altcoin to make another profit.
We need to be smart to watch the trend and the situations to decide what we need to do related to the current situations.

Never heard of keep3r, what do you think it will be the next hype after YFI? I will share the sentiments though, YFI is done and just like that from their peak of $40k even higher than bitcoin itself, now it falls down hard in a downward spiral and I do not think that it will climb back to near all time high again because investors are wise enough, they know how this market works and to make tons of money. Most likely looking for the next coins and mostly dubious personalities are creating one as of this moment so be the next YFI.

The only reason it could go back again is that alt coin market went into a bull run next year, and maybe YFI will be one of those coins that will be pump again, I reckon.

And as always this had been a costly way of learning up things but its always been part of investment where you would need to take up some risk and gamble for you to make money
it isn't really just lucky for somebody to get caught with fomo and ending up on holding their coins.

In result? its up to them if they would decide to hold or sell on loss.DeFI hype is slowly and gradually going to the floor so I would say that it is already risky
for someone to dive in.

There are still some worthy projects though but I wont really be that expecting much, the same the way I don't expect with any ICO project as of today.

I think if they can really make money and distribute the profits to YFI Stakers, it could worth something

ASSUME if they can split $500,000 profit/year to all YFI stakers
At diluted supply = 30,000

Every YFI token will get $16 a YEAR
Given that if you buy at $10,000
You will need 625 years.. to recoup your investment

But of course this is just assumption, they can make more money than that if they can get more TVL (Total Value Lock)
They had $390M now, given that they take 5% of the yield profit, on 10% APY
IT will result $2Million, which also means $66/yearly
One fact we cannot ignore is yeah, YFI is overpriced
Until they can make YEARN more profitable with more TVL, else it's hard to pays off

In the crypto space, I don't see it as a special case either. Even up to now, there have been projects with such incredible developments. I do not believe that there will be many lucky people holding YFI, indeed in 2020 with the amazing growth of YFI, i think the market will grow like YFI in the near future.

My biggest worry about this YFI project is that up until now you can see that they are still in beta stage. So I don't know if they have plans to develop this platform or just wait for the traders to lose their interest? I really don't think that they can reach their ATH price again. That was pump without reason. No development but price manipulation only. Very soon, I think this token will go down hard.

I have been hearing a lot about this Andre Cronje now lately and it seems even Binance has listed what he calls his "experiment". Since when did people start putting a lot of money into one guy's experiment,,, I know Bitcoin is also an experiment but it does not belong to one guy but a lot of people all over the world. Get off they hype train my friends.

It's enough. Assuming that all the people have grown tired of yfi considering the dumping it's probably gonna retain its current value and not gonna go anywhere except down. Sounds a bit pessimistic but money doesn't grow from trees and it seems the money gradually left the market but honestly that's just my thought. I'd consider it's finished tho. But anything can happen since it's crypto market right?

Is this the defi coin that pump over 1btc ? I forgot its history but 3 dollars for starting price is alot and the owner of this coin is still skeptical about the ability of his creation but investors didn't  .

Maybe the price of 3usd is also one of the reason on why they pick this up and the price grew fast and it reach a whopping amount of 40k that's a good gain already for those who took the ride  . It dump but its value was still close to 1 btc , that's still impressive . This is not the end if i we're to ask but that was only a normal dump  . You know it was the end when the price plunge under a dollar

As I observe lately the price dump for yfi, imo, it is enough the hype for this project. When they are starting in the market, the price is already in a high that makes the investors have trust to this project. But, let’s see in the coming months since this time btc dominates the market as the alts is down.

YFI is done and the hype of DeFi is gone for now unless they do something unique, but I doubt that would happenned. New DeFi projects are nothing but fake-ass scammers trying to rob money from poor investors with their "legit-like" whitepaper and roadmap to trick us, that's also one of the reasons why DeFi hype is gone so quickly.

Same thoughts and words about DeFi projects at the moment where its hype is already over and theyre slowly dying down at the moment which it isnt really that surprising.
Why would invest into something that had already slumped its price? Some say its a good opportunity to buy low but basing on how fast it increases and how fast it
do decrease its price then you can eventually tell that this project doesnt really have that strong foundation when it comes to community support but rather seeing
it just for milking out some money to those who had been fooled that this was a extraordinary type of project.

In my observation, YFI Price dump these days. As what others been saying the hype is over and magical pump is done. Many investors for sure have lost their portfolio in YFI since a lot of them bought this coin at peak price. From the start, I don’t trust and do not invest in this kind of project, just my view.

leave and move to another coin that more profitable and have good potency. there are many good coin in lowest price now, maybe swing by that will main net in this quarter , zcash that will halving in this mid november and many other. YFI already over now , no more hype and whalesinvestors that already gain profit already leave it  and move in other project to make popular.

This is an obvious example of Pump and Dump currency and cannot be trusted to stays in our portfolio.
must be sell off while the price is High and never expect too much because this will surely traps you in that value when the whales withdraw their money inside.

from 3$ to 40$? this is so much income for those who rides that time but look at it now,the value fell down to 8$ now but not bad from that 3$ start.

if bull comes for altcoin, i think yfi will be a good option for manipulators. they can pump and dump it with high volumes and manipulate easily. So i dont think YFI is dead yet.

I think YFI is enough to expect another Hype,That 40$ ATH is more than enough to look for much higher as checking the market now it fells to 8$?
Never consider Manipulating as legit expectation mate,because all currencies can be use by manipulator,with this Post meaning you are willing to risk your money and wait for too  much time compared to Invest in legit currencies in top ranks so you are assured of near profit?

and i do the same thing with you, i am actually confuse how could token like YFI could beat bitcoin price for few moment. if there is no role from whales its impossible to happen. but YFI pumping bring positive impact to crypto market, some investors believe market recovery already start.

as investors we have to find opportunity from other coins or token and dont only focus on 1 assets. zcash and swingby looks good , technically and fundamentally its support for price recovery.

It seems they are trying to pump the coin once again taking advantage of the current growth that the market is experimenting thanks to bitcoin, but I doubt they will get it, we know that when the price of bitcoin begins to go up people have a tendency to sell their altcoin holdings as no one wants to miss the opportunity to invest in bitcoin and be part of a bull run, what it is going to be interesting is to know how long it will take for this coin to finally crash, after all I gave it a period of a year but people can be very stubborn and they may still support the coin even when it becomes quite clear that no one should have invested any money in it on the first place.

YFI Made more gains these few days so possibly we might end up with some kinda come back but dont expect those highs of before in defi I think farming has a lot more to do and is probably not going anywhere but crazy gains I think are gone

It is time to move your profits from UNI in new emerging projects like https://www.kingswap.io/
Ultra high quality NFT can be purchased on https://opensea.io/assets/kingtokennft-knight
A new pool platform with fiat off-ramp, public team and debit support. How can you still sleeping on this beast??

The magical pump is happening again on YFI and congrats to those who bought at a cheaper price last month, now YFI is more than the price of Bitcoin again. I’m not so sure about this project but maybe this is a clear statement that YFI is also a real big deal in this market, so stop doubting now and do your own analysis, don’t just listen to anyone, if you see opportunity to earn grab it.

Perhaps today, the popularity of YFI has quieted down somewhat, but it's worth noting that earlier this coin has risen in price by 32,000%, which in a sense breaks Bitcoin records. Of course, someone just took advantage of the appropriate moment to make money, but most cryptocurrency users saw real potential in YFI.

The demand for YFI itself is still high and it becomes simple I think, when the demand is still there then there might be another miracle later, who knows. Leaving it or keep hold it I don't think it will be a problem as long as I realize the risks, because every project that ever reaches the moon I'm sure there are other opportunities that might repeat a miracle like before.

I think YFI for now we can both see where the price movement is decreasing from day to day. and if expected to return again at a higher price, it is unlikely. will not be the same as in the beginning. In fact, for several decades YFI will still make corrections to strengthen the period of increase in the last month. and it should be noted that YFI was only busy at that time, in the future I do not recommend it to investors, because the thing to be afraid of when it is trapped back in a high position is definitely a very big loss. Better to focus on the parent crypto that still stands firm and exists, proving that bitcoin will still be the king of crypto.

YFI is really a great Defi project, but it is still unavoidable with the manipulation of underground organizations.  Therefore, after a series of pump-ups, YFI also faced short selling.  YFI is really hard to keep growing when the Defi trend ends.  so consider carefully when investing in times like this.

They hype is over and i can say that it is risky if you do make out some plans or decisions on buying YFI at the moment.We've seen the price had plummet down
but it doesnt mean that it wont have the chance for some pump up but basing of with the DeFi hype then it might takes a time before it would completely zero
yet best projects will able to survive in the end and would be tested out time.We cant say that the project is good or potential by just seeing its price
had go to the rooftop.Sustainability and survivality will always matter on hits market.

This is the eureka moment that caught everyone's eye. I never thought we would see anything like the old days when you are able to make a quick profit before the scammers started to ruin the market but the decentralized finance just took things to a new level like no one ever expected. I have no idea how long this momentum will last but if there is a fall it would be nasty.

How can you sleeping in hijacking threads just to promote your shitcoin?stop spreading your BS here and create your own thread instead of doing this as you are only proving that your project is a BS and not to be trusted

Like what the question above, i think this project are already done reaching ATH and now starting to return from what it was started and the price will come back in single digit value lol.

I dont think there will be any magical pump will happen again in YFI the hype is over and many got profited if not get rekt by buying at the top, $40k is far enough to achieve now compare to current price $18k unless something new will be updated by the creator you know in crypto full of surprises but instead of updating he created a new token (KP3R) with more supply compare to YFI yeah still a new idea and usecase but I dont know why it did not create huge hype just like YFI did.

Investors are probably joining the hype with the DeFi project same thing with YFI, and its hard to tell if YFI was done already since it was able to pump from its previous dumped price, so there’s still someone playing on this project. There’s a great opportunity to make money here but you have to consider its risk and stay focus on your strategy while trading YFI, its a very volatile DeFi project.

I understand the defi one but I never really understood the YFI one. I get that there is a hype going on with it and I understand that it went up very very high so people are seeing it as a great thing but I never really understood the concept that well and why it should worth this much.

In any case there is a billion other new projects coming up with similar names of yfi and they are doing it like it is something original but in reality they are all just copying each other and making another project that is not different from each other, they just change the design and add one more feature that shouldn't change anything and call it a brand new thing and ask for millions of dollars from investors while giving away some free tokens to hunters to get promoted. I see it as a bad end eventually, maybe not right away but this could lead to a big crash one day.

The developer itself said that it has no monetary value but then whales step up and pump YFI creating FOMO that enable it to hit $40k.  With this scenario, I already see YFI as a pump and dump token that were created by some whales that have a huge stash in order for them to earn more.  We can see that on the history how it got pumped hard, dump hard, again and again.


It is a common practice in this industry.  Once a project becomes successful or trending, many upcoming projects will base their name or the scheme that successful project to at least cater interest from investors.

YFI will fall hard if the team behind it will not at least make some action to have developments on their platform. Up until now, you can't see any use case of this defi project. For those who bought this token at ATH, I guess they are in the praying mode that the price will go back again. But I don't think it will rise again. Look at their site and still they are in beta. Seems that they are not really working on this project. They are more focus on how to manipulate the market. But yes, they have been imitated many times here. But very obvious, all of them are crap.

This coin will take time to pump again, and in my opinion its magical pump is done. If there's any update on this project possibly this coin will increase. The price for this yfi when it is launched is so high which other people catch the attention to invests and this is why I don't trust such project with a hype at the beginning. But, many people earned profit from this hype project.

It seems that YFI's heyday has ended, only after that. How lucky the investors were after it exploded. And it is true that they have moved on and left without seeing that many budding investors are stuck with high prices. this sort of thing is so unethical that they selfishly pump and throw away and then leave. where is now Andre Cronje :( will he also go as AOA :(
  as if left just like that.

It seems to me that most DeFi projects were considered by developers as a way to make money, and only in a single case can we hope for real prospects. Oddly enough, in the cryptocurrency market, any new trend gets a similar result, and it is quite possible that YFI is no exception.