Yearn.Finance (YFI) hits $28k

[LouVandetta]

It's amazing to think to think that YFI could be this expensive in a short amount of time, I guess. But, since it's increasing real fast, the other side might also happen at some point. It scares me to even think of investing on this one because it might crashes at any given second. If I were invested in this one earlier, I believe this is the best time to let go and just enjoy the profits. Regardless of the pumps, it might go down out of the blue, especially once whales gets tired of them and just dump the price for God knows when.

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[Mulann2]

I am still wondering what is pumping this coin, I understand a lot are been locked thereby reducing the supply. The volatility of this coin is too crazy and traders are making crazy money from it. How long this is going to continue, I can't say. Let's play safe, another year like 2017 is upon us again.

As far as i know if so many whales and big names have joined into this project and they are also using the product that has already made by yearn.finance and i have heard the the yield farm has already become the main thing that attracted all of them to join in this project. That's those whales are pumping this coin to the moon.

Ofcourse this project will only be for big whales, look at the current price, how many people can afford to buy many number of this token,  only whales can hold good amount of yfi by now, am just surprise how price have increase so high more than btc, very surprising.

[trauchot]

I have already heard about this cryptocurrency, but did not really pay attention to it, but this cryptocurrency seems to be at the moment either the most expensive or one of the most expensive, it is a pity I did not have time to invest in this cryptocurrency when there was a chance.

[Henrytrust]

The YFI project has been on a steady increase since inception. I was surprised when I got to know that the coin was worth over one btc and as it stands its over two btc in less than two months of joining the cryptocurrency space. I would advise that anyone investing in the coin should be very careful because the value can also drop soon.

[casperBGD]

The YFI project has been on a steady increase since inception. I was surprised when I got to know that the coin was worth over one btc and as it stands its over two btc in less than two months of joining the cryptocurrency space. I would advise that anyone investing in the coin should be very careful because the value can also drop soon.

agree totally, should be more than careful, it is not just price, there is volume as well, and YFI is rising very fast, which is not followed by proper development and use case, i am actually not sure what is happening outside of DeFi hype on this token?

is there anyone here that actually bought the token and earned from it? would be nice to hear some insights

[LogitechMouse]

The Hype with this coin is real and out of this world although I'm not surprised that this may happen because of the very low supply of it.
Low supply of it = it is easier to pump and dump compare to Bitcoin and some high supply coins.

Well, for those who risked some of their money and bought last week or 2 weeks ago then you have a huge profit right now. For me, I didn't join the show because I already expect that this coin will go down anytime soon. Trust me, this will coin will go down way worse than you can imagine. With this very low supply of it, it is easier for the coin to pump and at the same time dump. Just beware in investing to this coin.

[giammangiato]

32k is so high, very high...
I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks

there are good rewards but too many risks.. not for me, i follow like fan

[jentak]

What's going on with this coin? It's getting pumped crazy af right now.
https://i.imgur.com/JFVbWCN.jpg
https://coinmarketcap.com/currencies/yearn-finance/
Edit: It's 32k right now lol.

Its not first time something like this happens, nor the last time.
I guess its a thing to speculate about, but not talk.

[Keeng Daveed]

The rate at which these coins are booming is just so crazy. Today you can see 20k and boom few days you just see like 30k lol. It's getting more interesting 😉

[pikkie]

32k is so high, very high...
I would have liked to get some YFI, but the prices are totally crazy.. is very crazy!
on the other hand, if I have not misunderstood, there are risks

there are good rewards but too many risks.. not for me, i follow like fan

I think the price of $ 32k is still very cheap because we can see that the total supply of this coin is very limited and can beat the supply of bitcoin which means that the price of YFI can reach more than $ 100k one day, all we need is to buy a few because it is getting more expensive it's getting harder and harder to get YFI.

[Bee_Crypto]

Damn! I don't think yearn finance is a safe haven for investors who don't have enough money to gamble with, no risk no reward they say but this token value is way too high, if price dumps it will be a huge loss of money, I would rather invest in BTC instead.

yeaah, it's not safe heaven at all, because when someone take profit, let says 50yfi, that's will make some panic sell, and maybe will huge dump, care full, dont ride with FOMO

[bits4books]

YFI - bubble. Change my mind (spoiler: you won't make it).
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.

[junkerr]

YFI - bubble. Change my mind (spoiler: you won't make it).
The most typical crypto bubble, but in this case also based on DeFi-scam, which makes it as dangerous as possible.
To go and buy YFI in the hope of cosmic prices is utter stupidity. If for the sake of "instant profit" then okay, in the end we are all people.

I think many people will think like you. in the long run, I don't think it will be good and more of an idiot. but for him who already owns it from scratch, I think it is better to immediately take advantage and get out of the market. taking short profits is better than keeping it or buying it now.

[jacafbiz]

I think it would be better for the team to do token split for the tokens, the spread on exchange is too wide and I believe people that missed out will start picking up alternatives, since people believe in whole number, some people do not even believe you can buy 0.1BTC,split and let new entrance into the game

[AzamNurWahid]

Edit: It's 32k right now lol.

The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry

[Sanitough]

There's a lot of investment flowing to this project as it rise multiple times, looking at https://coinmarketcap.com/currencies/yearn-finance/, the price rise 42 times from the price I saw when it was listed in CMC.

$799 only last July 21, 2020, and now it's already trading at $33,810.12, and there's no sign that the price would go down, but if I have invested on this, I would not wait until it will fall down as correction is expected and we might see a hard fall for this project.

That is bound to happen.  Anything that skyrocketed too fast will eventually crash hard once the market is unable to sustain the  sell off.

That's everyone should be looking, instead of getting into FOMO, they should also look at the risk that it might start its correction the soonest and some might become a bag holder if the coin will not recover anymore. If bitcoin had its correction which is the most popular cryptocurrency in the space, how much more a new one that was not tested through time yet?

[prehisto]

And ? What exactly are you trying to tell us ?

This is just a game of how many coins are out there.

And no i dont belive that they are smarter than others, most of the project try to get their attention by emitting very high amount of token, so that even small price will get them in huge marketcap region. These guys something different and got lucky by having price in their target and tehrefore in cmc top

[tracyhayley]

Edit: It's 32k right now lol.

The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry

if i were you, i won't buy it. the price doesn't really make sense and it has a little supply. this coins can be owned by only a few people since its price is just $800 last month. it can dump badly in no time. don't fall for it.

[kawetsriyanto]

~now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry

Check again the current price, it is decreasing again to $32,4xx. I don't think it is a good idea if you want to buy YFI with the possibly more drop currently. Indeed, the price also can soar again suddenly, but how if it is getting drop day after day. I think with too significant increases in YFI price in the last few days, it should have a correction time. If you want to bet on the next pump, don't put all your funds there. Better to avoid the big risk of losing all your funds because you follow the Hype.

[makishart]

Edit: It's 32k right now lol.

The highest price in the last 7 days was $39k.. and now it's $33k, right now I'm thinking whether I should buy it or not because I'm still afraid, if suddenly there is dump of course I can cry

You should be more careful with your money and it's plunged to the under 28k

https://www.hotbit.io/exchange?symbol=YFI_USDT

You shoud think for a twice before you will try to send your money to the whales. The whales have already started cashing out their money from the market. In my opinion this coin will get a small bump to the 30k and then another dump will occur

You should not buy that dude because the hype is over.