TopT3ns
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August 21, 2020, 10:57:01 PM |
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This is the attitude of many. Once they see the pumping, they'll start to FOMO and see the opportunity. But if the price is down and very low, they won't notice the coin as much as they want to make money from it.
The YFI hype is too quick and it's starting to getting down with the market now. DYOR before committing some bucks to any investment that you are entering. Don't rely to your friend as you're the one who owns the money must think of it.
I am really curious as to how the price of this coin is very expensive and yet there's nothing in it. Just take a look at their website and there's nothing to offer yet. I will not be surprised if the buyers will regret buying this coin. I hope I am wrong. I am seeing that the fate of this coin is like the MAYA Preferred223 (MAPR). Who remembers this coin? indeed YFI has a very ridiculous price movement because I can beat the price of bitcoin. I use this coin to make as much profit as I can rather than just seeing it on an exchange, the supply from YFI is also very unique and limited, meaning it can provide a lot of profit when buying it.
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goaldigger
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August 21, 2020, 11:03:30 PM |
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I don’t mind friend’s advice when it comes to investing, because for me its just a hype and can’t gain me any knowledge. So when investing, do your own research so you wont blame anyone if you lose your money.
YFI, this DeFi token is quiet surprising and was able to beat BTC when its comes to pricing. I don’t know much about the hype of this token but since its limited supply there’s a chance for a more expensive YFI. Again, the hype on DeFi projects is still here, so invest with care or else you’ll get trapped once it collapse.
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TimeTeller
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August 21, 2020, 11:03:55 PM |
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Is your friend a crystal ball or a whale planning to do a painful pump & dump soon?
I'm highly skeptical about both YFI and similar tokens/coins. Especially now that YFI has passed BTC's price tag - it only looks to me like it's getting closer and closer to the huge dump that'll shake off a lot of current believers. The total supply doesn't mean shit - check out 42 Coin. Only 42 coins in existence, yet no volume and .. zoom out that chart from day 1 of its launch to today and you'd see the price went from insane amounts of BTC to only 3. Should Xiot hodlers lose interest, it could get dumped in no time.
In other words, don't you think there's any human crystal ball out there who could make you rich out of nothing. DYOR, look the coin up and see if it's even a legit project with a legit team and real progress & be more than skeptical when willing to invest in a cryptocurrency. Don't fantasize over incredible figures because you might end up screwing yourself; you don't want to lose it all like you never had it.
That's what I am thinking here. Their price is ridiculously expensive for what product they are offering? Look at their site - https://yearn.finance/earn and it says the project is in beta and use at your own risk. So what valuable product they have right now? None. So how come they have an expensive price tag? For buyers, I hope they are doing their due diligence because I feel that the storm is coming for this one.
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bobyhodob
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August 21, 2020, 11:08:41 PM |
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I don’t mind friend’s advice when it comes to investing, because for me its just a hype and can’t gain me any knowledge. So when investing, do your own research so you wont blame anyone if you lose your money.
YFI, this DeFi token is quiet surprising and was able to beat BTC when its comes to pricing. I don’t know much about the hype of this token but since its limited supply there’s a chance for a more expensive YFI. Again, the hype on DeFi projects is still here, so invest with care or else you’ll get trapped once it collapse.
I really agree with what you say because when you buy a coin that has a project that is still not fully finished but can have an expensive price it will make you lose one day when the price collapses, it's better to avoid YFI coins like this.
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CuriousGeorge
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KUWA.ai
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August 21, 2020, 11:11:13 PM |
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Only 5000 in supply, that is relatively small and going by history of coins with short or small supply their price usually tends to grow a lot more, and if the coin has a reason for demand then it is game on, it could probably go higher but maybe not as much as your friend predicted.
Sometime token supply may not be important with such a high price, it is the most expensive coin in the market now, sadly have seen most coin with higher price go down against bitcoin in the longrun. As DEFI project listed on Binance and few more exchange, it is still has the capacity to keep pumping higher YFI and another finance coins were crap coins and this time it has been getting dropped again into the the 12k for each YFI and as far as i know people were betting on it caused by the hype and no more. There was a lot of people getting huge losses
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abel1337
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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August 21, 2020, 11:44:20 PM |
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This is the attitude of many. Once they see the pumping, they'll start to FOMO and see the opportunity. But if the price is down and very low, they won't notice the coin as much as they want to make money from it.
The YFI hype is too quick and it's starting to getting down with the market now. DYOR before committing some bucks to any investment that you are entering. Don't rely to your friend as you're the one who owns the money must think of it.
I am really curious as to how the price of this coin is very expensive and yet there's nothing in it. Just take a look at their website and there's nothing to offer yet. I will not be surprised if the buyers will regret buying this coin. I hope I am wrong. I am seeing that the fate of this coin is like the MAYA Preferred223 (MAPR). Who remembers this coin? I remember that! This can possibly happen and these coins might be on the same route as MAPR that has an ambitious price that falls into a mess after a month of hype. It's scary but if we judge what kind of token is this, This might happen. Surpassing that kind of price point might be pretty ambitious but it can be possible I just think that It can't sustain that price range.
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Pasutinmeur
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August 22, 2020, 02:54:12 AM |
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This is the attitude of many. Once they see the pumping, they'll start to FOMO and see the opportunity. But if the price is down and very low, they won't notice the coin as much as they want to make money from it.
The YFI hype is too quick and it's starting to getting down with the market now. DYOR before committing some bucks to any investment that you are entering. Don't rely to your friend as you're the one who owns the money must think of it.
I am really curious as to how the price of this coin is very expensive and yet there's nothing in it. Just take a look at their website and there's nothing to offer yet. I will not be surprised if the buyers will regret buying this coin. I hope I am wrong. I am seeing that the fate of this coin is like the MAYA Preferred223 (MAPR). Who remembers this coin? indeed YFI has a very ridiculous price movement because I can beat the price of bitcoin. I use this coin to make as much profit as I can rather than just seeing it on an exchange, the supply from YFI is also very unique and limited, meaning it can provide a lot of profit when buying it. It's not only ridiculous but that's also a crap coin. It looks like binance was listing so many crap coins on its site and remember about curve coin and so many people were getting trapped at the peak price and those have been getting scammed by CRV scam defi.
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Kotone
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August 22, 2020, 05:54:21 AM |
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Thats a lot of money at risk. You dont even know if the project is legit and have product already. Stay away from short term coins and tokens cause these are not sure of profits. Whether you can gain profits or you lose money in the end. Many scam projects have released on the market and too bad they all exit after some week or a two. I will be more safer to invest on trusted projects than these type. I am playing shticoins also but I make sure that they can be trusted at all.
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Ceyflix-Rez
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$CYBERCASH METAVERSE
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August 22, 2020, 05:58:04 AM |
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That's a very low max supply but make sure you do your own research, don't do things because your friend did the same, you want to make huge profits out of this project but you haven't checked what this project is all about? This is a bad investment path
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RabbiTANK
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Sovryn - Brings DeFi to Bitcoin
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August 22, 2020, 06:13:37 AM |
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I will never take such risk of investing on a coin that's this pricey today unless it's Bitcoin, once investors have less interest in this YFI all the walls will start crushing down on investors, too risky IMO, only good for those who get in at very cheap rate.
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jdnthny
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Futurov
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August 22, 2020, 06:15:03 AM |
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Seeing that XIOT supply has a very low maximum supply, I can say even if their is a big potential for this coin to reached that amount still before you believe and trust whats your friends are saying to you, read first and have more research for this project so you won't regret any happenings especially that this coin is a very huge investment for you.
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prehisto
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Your Data Belongs To You
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August 22, 2020, 07:32:45 AM |
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lol - your friend told you. This is what every bag holder of bad coin will tell you, just to get exposure and make people to buy it.
The other thing that people do not understand - do not look at the price of the coin but the marketcap of it, chack the market cap and then comopare it to toher coins than calculoate if your target price is even possible.
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slashz9
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August 22, 2020, 08:43:12 AM |
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I am not sure all coins following YFI's footsteps will go up, for YFI, because it is already listed on a large exchange, there is a guarantee, even though the price is currently volatile and very unstable. the problem is there are many types of new coins that follow this yfi, by imitating the total supply and some even imitating the name. the hype for defi is now high, you have to be careful in choosing coins.
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irixo10
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GoMeat - Digitalizing Meat Stores - ICO
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August 22, 2020, 09:12:16 AM |
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Your friend said it will reach $30000, is he the owner of the project or is he a big whale that can pump the token massively? We should be careful of what we hear and pay attention to when coins we hold are pumping, that is, when a coin is pumping you will hear people giving different predictions but yet they will be the first to dump at the very slightest chance turning those who bought their predictions to bag holders. My advice is to invest wisely and be careful of what you listen to, don't be too greedy.
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maydna
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August 22, 2020, 10:35:42 AM |
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Nobody thought that YFI's price could exceed the price of Bitcoin but it happened. Anything can happen in the crypto market and I think the DeFi project is currently a trend so sometimes I think the price is irrational
I wonder how long the DeFi trend project will stay with us because if we take a look at the previous project such as ICO and IEO, the booming of that two types of the project was not get too long at the crypto world. But in this bearish market, everything can happen, and yes, we see YFI already exceed the price of bitcoin. If YFI can reach $30k per coin, I am sure bitcoin will get another high price, and bitcoin will lead the crypto market again. Bitcoin will be back to the high price, and I think bitcoin price now still accumulating to get more support to increase. We need to be patient to wait for those times, and we don't have to worry about bitcoin because bitcoin will rise at the right time.
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Bitstar_coin
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August 22, 2020, 10:43:33 AM |
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I have communicated with the development team, they are drafting a white paper, it is said to be a great idea. I'm still waiting
When exactly was this project launched that there is no whitepaper yet! Bro i think you should wait a bit and observe the activity of the dev before making any decision, even if the supply is small does not guarantee nothing, do your due diligent, hope this turn out to be a good investment for you.
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minairia3
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Vave.com - Crypto Casino
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August 22, 2020, 11:46:57 AM |
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Dont expect every project to surpass the price or even reach yfi price even the supply is small cause we dont know what kind of project you are investing. With lots og altcoin now, its super risky to invest especially the project has no record of being legit or whatever. The current price is actually expensive but take note the event that happened to curve and yam. Both of them fall down instantly and that take only couple of weeks. Also dont trust much projects listed on uniswap and also if their team is anonymous cause they could run away the money anytime.
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fammy
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Bounty Detective
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August 22, 2020, 12:29:13 PM |
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If I were you I will not just trust with my friends idea and suggestion especially if it is all about investment. I rather read and research more about the specific project that I would be investing with.
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Desscount
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ComboLabs
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August 22, 2020, 01:07:02 PM |
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YFI only has a very small total supply, only 30000 coins, and has entered Binance, of course this is good for YFI supply circulation, if you want to invest, wait until the moment Bitcoin is bullish, and YFI will exceed the price of BTC
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