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I Have created this topic before also but pls senior members of this forum let me know is it gud to invest in coin like yfdai  or i,ll close position of yfdai, recently it touch around $4600 i was in dilema would it be next yfi or would i close this position

Yfdai has a recent good move to 15% increased within 24 hrs according to coingecko.com. If you wish to close it right now, since it bounce back to $4,400. Perhaps to could sell it off if you are still in profit and rebuy  and wait for another recovery phase.

At the end of this day, you can only decide for yourself. Yfdai is an interesting project that seems to caught attention of other investors since the trading volume shows massive progress.

i was about to close trade but problem is it have touched $5000 & now i got little bit greedy & same time skeptical also that it will touch $10k

Yes there are various coins but the gud point i find with this token is they have limited supply & almost following the model of YFI which have touched 50k, if by chance it got near to touch 10k only i got huge profit

The market cannot be predicted in most cases therefore try and understand that so as to know when to take profit or how best to invest. There are many Defi projects nowadays and during the initial stage many were able to grow and/or pump with hype but that is not the case nowadays as new projects now have to prove their worth through development of good and outstanding features. Thus, I don't think there is anyone who can tell you if this project will be the next YFI or not, there is no harm in taking some profit then leaving the rest but if you have so much trust on the team and the idea they are working on, then you can hold for as long as you want.

YFDAI is being promoted by some Telegram groups. Idk what it does as a project. I guess it's like those "yearn/finance" tokens.
The point is that in case it "dies", you just loose the money you invested in it but if it does 3-5x, then we are talking about a RR ration above 3 which is nice.

man, you must have a strong reason to buy any coins, not only because the hype
at this moment maybe the price will increase but not hard, its better to move your money to other altcoins if you have a lot of doubt

Yeah, those with YFs are the yearn finance projects. But is this the YF that's being robbed by the hackers?
(https://www.crowdfundinsider.com/2021/02/171974-defi-platform-yearn-finances-dai-vault-suffers-major-exploit-hack-leads-to-11-million-in-value-drained-from-platforms/)
Or it is another defi? they have an identical name though.

There will be no NEXT YFI and you should not be fooled by FOMO.

It looks like there's a chance for this coin to go even higher than the current rate as per the chart https://coinmarketcap.com/currencies/yfdai-finance/

It's not yet getting a big pump. It's increasing gradually from time to the time. if you are in profit and you can close your position but it's better if you can hodl it even longer or try to sell some and keep the rest in your wallet.

The historical data shows the growth from $290 has progressed to this ath value. This hasn't happened in the short. Over the months there is gradual growth. During the month of November the market has reached the price above $3000 and the curve got dropped. Once again a positive move has taken place. This time it has reached above $4500. From my opinion, if the user has got good profit then it is good to sell and wait for the opportunity to buyback.

Wrong, that news was saying about DAI on yearn finance platform (YFI)
YFDAI has its own ticker on CMC and you can find the easily. Yearn finance is the platform that was getting hacked yesterday but YFDAI is still alive without any bad case.
You may need to check it again on CMC

Thanks, I'm asking because I'm confused about the news and the defi. I appreciate your correction to me. It's confusing to me because I don't dwell much into Defi. This ticker, right?
(https://coinmarketcap.com/currencies/yfdai-finance/)

YFDAI is a new coin that is currently being promoted on several social media, such as telegram, and Twitter, so be careful, don't waste time with projects that are not sure to be traded on the crypto market, and don't run out of money.  For these new coins, it is best to choose altcoins that are sure to provide advantages such as, eth, ada, polkadot, doge, TRON, XRP, and other altcoins listed on the exchange,

If you are on the good position and just keep it. Never try to add new money on the coin that already gone to the moon. You should remember about if the coin is not ever getting any correction and that means the correction can happen anytime. As per YFDAI chart and this coin has possibility to be dumped anytime.
If you are having good amounts of money on YFDAI and just keep it safe and prepare it when the dump will happen.
Forget to put extra money to the YFDAI as it's too risky to do that right now. You are in a good position and hodl your YFDAI.
That's the best decision that you can do that right now.

Yfdai shows really good performance, l think this project can be also one of the best projects. But no doubt Yfdai needs a lot of time, that is why there are a lot of projects which are really strong and believable than Yfdai. But collect some Yfdai can be profitable in the future. Instead of such projects l prefer choosing top altcoins and projects which are making better among others. If someone has not bought Yfdai, I don't recommend joining the trend. The price is higher than previous months, waiting for the lower price is a good idea. Buying high will not give a nice return in case of the market price goes lower.

I'm also holding this coin and I'm still seeing if YFDAI is still having a lot of room to growth.
YFDAI is not yet reached its top position and I know that based on my TA. I do believe if YFDAI will touch at least 6k or even more in the upcoming montsh.
if you are not feeling confidence with the YFDAI's chart and you can secure your position right now. I'm still putting my money on this one and I will not cash out it before it surpass 5k.

I had a couple of YFDAI when it was under $1000 and I sold it around NY when it was over $3000 and begin to drop.

I think that currently, YFDAI is overpriced and you suggest you choose another token to invest in.

I,m damn confused at this moment, because of the fact that
1. It was increasing gradually not like YFI
2. They have limited supply
3. Just seen they have listed on another exchange

I think it have touched $5k 2-3 days back i,m expecting around 10k

Could you suggest me some coins just like this conditions where there is strong team & limited supply & Gradually increased also