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. Yffarm (Yearn Finance Farm) I see this last one, as a big scam. Can you tell us why? The yffarm, are bunch of Nigerians, there is no transparency, I initially tried checking out the team few days back when I joined the group and today they have changed there real pictures to avarters. Raising Presale today and staying active to remove anyone who ask questions they can't defend. A bunch of red flag attached to that project tho. There are many of this kind of projects out there, springing out daily, and the gullible ones fall victim. |
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Good projects stay strong even when marketers dump. Already team should know there game plan in developing there project. If it's not having a good use case, it will not succeed. Some also depend on investors or shillers as they call them. But most importantly, a successful project depends on the dev and team.
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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.
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Many projects with such volumes are obviously a pump. And dump project, if you must invest, please be wise. Saw one today on hotbit with 67856% and I was like wow! I joined and pulled out immediately with profit, and few minutes later it crashed massively to 403%.. I was lucky, my first trial... But not everyone could be that lucky. So please don't get fooled by such volumes, just watch your trades carefully.
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Any project requesting for kyc, I back off it. Since I don't have ways of giving a fake details, am straight in everywau, so instead of dropping fakes, I just stay off. Most team sell off details as I learnt, and also a time, binance kyc got leaked, I got scared to death. But anyways, if you are giving out your real ID, then you have to be very careful doing so.
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A lot of defi scams, who knows, yfi might be one until they managed to sail through to keep there name ontactef. Cryptocurrency space have been a place of different ideas springing up to make profit. Ico, IEO, now defi. Even old projects are switching to defi. All I can advice is, be careful where you invest your USDT. Make sure to keep and eye and do a proper check before investing.
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Maybe in years to come, but am not seeing any crypto surpassing ethereum at this time, they may spring up daily with good volumes, but when it comes to ranking, ethereum still surpasses them. Even in price, many will come and go, but ethereum who h has a very strong use case will continue to remain and also continue be be amongst the 10 top cryptocurrency coins on the market.
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There are some bounty managers on Bitcointalk here and bubblalex is one of them, am not surprised they turned up to pay hunters there reward. Cartesi is a good project on its own and the team got good prospects too. They won't want any far cry from hunters to distract there success. Thumbs up to Cartesi and the bm for rewarding hunters rightly. I look forward to participating in bubblalex campaign soon. Feels good to read a God review from a hunter on btt post.
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Looking at the present market, I think this is the best time to invest, but if you are investing, it's very advisable to check properly on the project, some are out there to scam people of there investment, let's be very careful with our investment.. Especially the popular defi projects springing out daily. I still feel it's safe to invest in stable coins and have rest of mind. Rather than invest in a promising ptoject and wake up to see it rugged investors.
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Op is totally correct.. Most people don't even try to see through the project, they only look at the promising side of it and at the end get scammed. Before going into any project to invest, try to look into the project setup, background and team. Some have fake team or anonymous, always do your own research before investing. Many scammers device different ways, but it's up to investors to look before leaping. Be wise.
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When it comes to ponzi.. It's definitely a scam. Let's be very careful where we choose to invest in. Many con artist are out there, looking for a way to scam others. Either with fake crypto projects or through crypto scams. If you want to invest in any online deal, definitely not a ponzi scheme. We'll I might be wrong, but I have seen many get rugged investing in ponzi schemes. Let's be very careful.
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Holding actually depends on the coin or token you wish to hold. Now all coins are for holding in my own opinion, some are merely for trading and taking profit, I can only hold reputable coins or tokens like btc, eth and other wop 10 stable coins. Even the new upcoming coins that looks promising still can't be guaranteed a hold for me. This crypto space is delicate and since we have fiats involved, we only have to watch carefully before holding any coin.
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Well, I just think anyone going into cryptocurrency have to know some basic.. At least learn the act of doing research before investing. Your research will actually let you know if it's safe or not to invest. Many projects there are out to rip people and just reading trading charts is not enough to I vest in any project. Get to know more about the project, team behind it and try to dig into the team to know if they are worth handling the project you are about to invest in
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Cryptocurrency can be so crazy, I totally agree with you and your friend to bag more eth, cos this is alts season and eth is promising and I think it might get to $1000 as many have speculated. Let's be positive, but whatever the case turns out to be, eth is still a good to hold project with no regrets of many years success in cryptocurrency world. No regrets bagging eth and already smiling in profits.
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Alt coins are worth buying.. But all depends on the altcoin you want to buy. I will suggest you do a very good research on the project before investing in any altcoin to avoid buying dead on arrival coins. Thousands of coins out there are meant to scam people, while some are there to give you more profits Tha. Expected. But most importantly is doing more finding before buying.
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The defi hype is really crazy.. Many have lost due to the hype of many defi projects, which turned out to be scam. The ones doing well are few amongst 100%, guide your currency jealousy and don't get carried away with the whole defi hype. If you must invest, invest wisely. Do a thorough check on the team and project, before investing.
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Eth and tron is a good investment.. I hold both and feel no regret. They have good prospect and more potential for growth. For many years now, I have traded both and can still tell investors to do same. Many projects have come after eth, but today many have gone like the wind. It's still a win win in the cryptocurrency space.
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