Y series trends... What do you think?

[akwfleaspirit]

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.

[minatour]

Sincerely, I still don't understand reasons behind the y series pump, but probably due to too much hypes by crypto whales, anybody interested in buying this coins to make urgent profit should invest with what he/she can afford to lose.

[batang_bitcoin]

It is their responsibility to check and research about it. The trend is particularly fearing if it keeps on pumping, there is a tendency that there will be a sudden dump. The lesser supply will give an idea to those developers that this is what the investors what and they'll start to FOMO.
I guess we're about to see the ballooning of such projects that are inspired by these yfi trend.

[btc_angela]

Not good at all, I think people are going to fall for this and majority of them might end up a scam in the first place. And I have the feeling that many newbie investors will be caught in the hype resulting in a big lost for them and then blame crypto market. I guess they have to learn their lessons the hard way though, to teach them not to just buy on those hype but to careful study the markets.

[Lordhermes]

I have never heard of this hyped yfi coin, this is just a matter of pump and dump scheme created for newbies wandering in the ecosystem lookin for fast money at all cost. I believe many had been scammed for this and losose their respective money. Investing on already reputable coin and assets would be a safer and clear one for new investors until they probably had a good stamina in the crypto fake hype and scam movements.
Also the causes of falling victim for this is lack of doing a proper research on project before investing, asking questions on the forum before joining in so you could be sage at last.

[shinratensei_]

Sincerely, I still don't understand reasons behind the y series pump, but probably due to too much hypes by crypto whales, anybody interested in buying this coins to make urgent profit should invest with what he/she can afford to lose.

There was no a clear reason for this pump but in my opinion if the reason could be caused by the hype from the defi project. All of Y series defi projects were getting the pump after the original yearn finance project was getting pumped so high before. Some people started to forked it and then the whales are taking it as another opportunity to pump the market too.

The whales are hyping the defi project right now.

[Yogee]

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?

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.

The collapse for most of these "Y series" or other DeFi projects will be catastrophic. A lot of speculators who is riding this train will undoubtedly complain and cry.

I don't know how long it will last but I think it will be shorter than the days of the initial coin offerings. I won't be surprised if regulators starts clamping down on these decentralized lending and investments. Once they do, many of these projects will run away.

[asriloni]

Those coins were only bubble coins and there was no big that can be expected from them. After I have known the usability of the real yfi aka yearn.finance and I can take a conclusion if basically what already offered by them all are still the same with the existing features that already offered before. The bubble can burst anytime.

[GreatArkansas]

I'm also surprised on these kind of trends these days.
At first glance, it's kinda they are shitcoins.
I am curious if the one will benefit on these kind of trends in DeFi is the Ethereum, do you think guys Ethereum will get affected on these?

[Yogee]

.....I am curious if the one will benefit on these kind of trends in DeFi is the Ethereum, do you think guys Ethereum will get affected on these?

Are you asking if the price of Ethereum is affected by these DeFi projects? I believe so. It's not the same as the speculation on eth 2.0 but it still affects the price. You need eth to interact with these DeFi platforms.

If you are asking about the blockchain, then it's certainly affected. You can just look at the gas price for sending tokens and you'll know.

[X-ray]

agree that it is a bubble. someone will have to pay eventually, and sucks to be them. people are throwing money here and there like a madman now.

Those who are throwing a lot of their money to the defi coins when it has reached the peak price have been losing their mind.  If you are watching this correctly and then those were only shorting the market and no more. The whales or pumpers have already accumulated a lot of coins to be dumped for the late players

[NavI_027]

The y series have become a trending topic on most social media.

Is this so called "y series" just your own invention or not? If yes then that's a witty way to sum them up in all fairness. However, there's nothing wrong if the name of their platform starts with letter Y. Such thing is not a big evidence for them on becoming scam or not because there are previous scams which don't start in letter Y obviously . Just a coincidence I guess.

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.

FOMO is okay, that's what I've learned in the past. Bitcoin and reputable alts are enough for me.

[lizarder]

Y Series trends are interesting but a little dangerous because I am not sure all Y Series projects are serious projects considering their inspiration was taken from YFI, if YFI was not a trend this project would not be present, apart from the Y Series that must be considered is Project S Series or Soft because This is also a trend that is similar to the Y Series but also as dangerous as the Y Series.

[TheMystic]

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.

Asides from the y series, majority of the defi projects out now are scam projects. Just that many fall for the y series cos of the yfi hype.

Just yesterday, 7 projects rugged and 5 started with the letter Y.

People rushing for the y series are in for a big bubble burst soon. And for the common ones like yfi and Yfii, if you are investing, do so with what you can afford to loose.

[akwfleaspirit]

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.

[Bitbtc8]

Most overpriced DeFi projects are not surging because of their use case but the hype, this is dangerous because price can dump, I suggest investing in DeFi projects that aren't overpriced yet and also do research so as not to fall victim to scam

[grabpopcorn536]

These projects have anonymous teams and people buy just because they think they have the same potential as YFI (yearn finance). Does no one know if they have the official source code or not? I feel they are overblown and one day they will have to drop in price quickly, maybe they will be about $ 1. It is a risky game for gamblers and uniswap is the biggest casino this year. Yesterday Uniswap's trading volume surpassed 400 million dollars, which is terrible.

[poodle63]

Most overpriced DeFi projects are not surging because of their use case but the hype, this is dangerous because price can dump, I suggest investing in DeFi projects that aren't overpriced yet and also do research so as not to fall victim to scam

They were not only overpriced but in my opinion if the price that already achieved didn't even make sense with the utility that has already offered by them. FYI if YFIexchange has been getting dumped 50% and so many people were also getting trapped at the peak price. This hype is very dangerous, especially for the new players.

[makishart]

I have found another scam project that called YFIjunior and this one can be added into the list too.

I may think if there will be a big waves of scammers that will be creating the fake project. Everyone should be careful with those scammers.

So many new scam defi have already deployed by scammers.

[ScamViruS]

Scammers will want to scam using the name that is currently trending in the market. Since now Yfi is being pumped a lot in the market. So there will be a lot of effort by scammers to bring another scam project of this name for the purpose of scam.

This kind of activity is happening all the time. When a coin is unexpectedly pumped into the market, some people plan to run away with people's money by bringing a project with that name. So it is not surprising that we see Y-linked projects in the market everyday.