Sure, We have good DeFi project.

[Lantind]

Those are the grateful who were invested in YFI at the time it was listed when it's the price was $35 and right now it has been growing consistently and it's almost reached 29k.

Yes, and that's clearly a good advantage for those who have invested in YFI when the price was still cheap ($ 35), but if you want to buy at this point it's not too bad, because the potential profit that can be obtained through day trading is still very good open to everyone.

[1714913409]

1714913409

[1714913409]

1714913409

[xOdiumNostrumx]

YFI is indeed a legit project, but Conje has consequentially created a completely new "sub-genre" of DeFi, an army of YFI clones, most of them blatant scams from their inception. So yes, stick to already established yield farming projects and avoid garbage that is primarily named after food haha.

[Fredomago]

Defi is very risky, I am reminded of bitcoin in 2017 where bitcoin was deposited in a few months and experienced a large decline in price in a short time
YFI will be repeating the bitcoin moment in 2017
Currently, I do not dare to take big risks because it is possible that YFI has touched its ATH and could fall at any time

That's the real risk behind, once the value rises to it's peak, the correction will hurt your investment a lots when you place
your entry in the wrong position. You need to learn and you need to be extra careful when positioning yourself. DeFi kind of
projects are hyping and with that, it's your judgement that will going to make either profitable or lose your investment,.

[Iyanu14]

Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

Hhmmm...your opinion is respected.  However, if you have invested in this YFI when it was $35, it would have been another testimony or story today.  There are hypes or manipulations about one project or the other, despite that, some coins are worth putting a whole lots of investment on them if discovered at a ridiculous or small price, such project is that of YFI.  Before every hype is bursted, I tell you, things would have changed better for you.  But as it is now, because of the high price, I don't think it will be logical investing in such a new project now.

[FontSeli]

Sure, we have good DeFi project, but there is still high risks. For example, yEarn Finance token YFI already worth 19 130$, higher than bitcoin. The coin was issued on July 18, 2020 and started with $35. A month later, on August 18, its price had already reached $12,800, overtaking bitcoin. Today, the token has reached a price peak in the area above $19,000. In a month and a half, YFI rose by 50,000%. A coin that is only a month old is already so incredibly expensive, I could certainly be wrong, but this is the last coin I would invest in, too loud to call it a bubble, but it can't be anything else. Such a young project simply physically can't create such a real value in such a short period of time, this price is conditioned by faith in further growth, not by project development.

You're wrong. At its peak, the coin was worth over $ 38,000. And even now, its price remains higher than $ 30,000. This can be clearly seen on the coinmarketcap website.
However, I agree with you that this is a huge bubble that will eventually burst and bury the money of unsuccessful investors.

yeah, thats why its better to wait and see what will happend in the next few days with all kind of thus project above my friend
because in my opinion for now its too risky if somebody want to buy this altcoin

It is quite likely to grow further in price, because it offers a real opportunity to earn money.
However, it is worth remembering that this token already has too high a price, which has a chance to fall much more than to grow.

[killerfrost]

Those are the grateful who were invested in YFI at the time it was listed when it's the price was $35 and right now it has been growing consistently and it's almost reached 29k.

Yes, and that's clearly a good advantage for those who have invested in YFI when the price was still cheap ($ 35), but if you want to buy at this point it's not too bad, because the potential profit that can be obtained through day trading is still very good open to everyone.

I think it would be bad if you bought them now. The price has gone too high and even 3 times higher than Bitcoin, it's too risky to invest in them. I will buy bitcoin and hold instead of investing in this Defi project

[trauchot]

Therefore, you need to constantly study each cryptocurrency project in which you want to invest in order not to get caught by scammers, but unfortunately now it is becoming more and more difficult to find honest cryptocurrency companies and very often you come across scammers and a lot of scam projects in the DeFi sphere.

[el kaka22]

This has been the thing I have kept saying for a long time, hype is real and people are getting warped into the hype unfortunately. Nobody denies that there are some awesome defi projects but we are talking about losing a ton of money because you believed one was good so all will be good, that is not how it works. If one is good, all others could be bad, so just research what you are going to buy and do not invest just because it resembles something else.

I personally do not really go into all the DeFi hype because I have seen some that is great but they are already great and it is too late for me to get into them, all the other ones that resembles are just copycats and I rather not invest into them, they will just try to take the same steps and people will just not care.

[tvplus006]

...
In fact, I have been involved in more than 10 different DeFi projects in the past few months and most of them have helped me make a big profit. Of course, I only speculate and will sell when there is a profit because if you hold it, you will easily lose money.

Thanks to this hype around DeFi, they start to look like a balloon that is pumped up by speculators. And each subsequent investment may be the last one that will only bring a loss. You are obviously good at determining when it is time to exit DeFI with a profit.

[Lantind]

I think it would be bad if you bought them now. The price has gone too high and even 3 times higher than Bitcoin, it's too risky to invest in them. I will buy bitcoin and hold instead of investing in this Defi project

Indeed, if we examine the price clearly it will not be good to buy at this time, but if you want to take a little profit through day trading, I don't think it's wrong to buy it now and Bitcoin is also very suitable to buy at this time because it is experiencing a price decline, especially if you want to hold it in the long run.

[Raflesia]

...
In fact, I have been involved in more than 10 different DeFi projects in the past few months and most of them have helped me make a big profit. Of course, I only speculate and will sell when there is a profit because if you hold it, you will easily lose money.

Thanks to this hype around DeFi, they start to look like a balloon that is pumped up by speculators. And each subsequent investment may be the last one that will only bring a loss. You are obviously good at determining when it is time to exit DeFI with a profit.

It is a lot profitable around DeFi because of the huge opportunity but not the possibility that it will last but definitely always be on the lookout to get out on time, I think the DeFi trend has been a long time meaning we have to know those conditions which are not always going to be profitable.
Like yesterday the dump market for some DeFi tokens experienced a great decline, now that fact is nothing that can be avoided and of course we will lose too.

[7788bitcoin]

Indeed, if we examine the price clearly it will not be good to buy at this time, but if you want to take a little profit through day trading, I don't think it's wrong to buy it now and Bitcoin is also very suitable to buy at this time because it is experiencing a price decline, especially if you want to hold it in the long run.

If you are looking for value for investment you need to identify the project before hitting the market and invest during the initial period, it has its own risk in identifying good projects and if you find one and if you trust the team then it will be a game changer when it comes to investment, day trading will not give you the profit you are looking for and i would not dare to invest in these projects after a big rally.

[Bezobraznike]

Indeed, if we examine the price clearly it will not be good to buy at this time, but if you want to take a little profit through day trading, I don't think it's wrong to buy it now and Bitcoin is also very suitable to buy at this time because it is experiencing a price decline, especially if you want to hold it in the long run.

If you are looking for value for investment you need to identify the project before hitting the market and invest during the initial period, it has its own risk in identifying good projects and if you find one and if you trust the team then it will be a game changer when it comes to investment, day trading will not give you the profit you are looking for and i would not dare to invest in these projects after a big rally.

   It's people who fall on hype, they invest in these times. I don't think that anyone from
here would invest now, we know that time for selling was a day ago when crypto-currencies were on top. Now we have correction, good time for buying will come
again, but we need to be careful where we invest, while some projects will survive
and recover I think some are going to bottom.

[bayudndy]

Investing in Defi projects is risky, but the return it brings will be huge if you invest the right time. The prices of the Defi projects grew very quickly, but it also collapsed very quickly. In just 1-2 days the price can fall many times, like the DIA project or a few other projects like YAM, DOT ...

[thesmallgod]

Your narrative of a good project is the one that offers high profit within a short period of time without taking into consideration if there is any usability or products and whether the project will be available for a long time. I know YFI is one of the most hyped defi but you should know that what makes it to rise is because it was listed in big exchange like Binance. Unless you buy such coin during the early stage, you cannot predict what the future holds especially now that the coin has a new fork called YFII

[Galley]

DeFi is a really good concept; but these coins are all mostly shit...

Ppl forgot what happened to MKR collaterals when BTC went to 4k

People always forget their negative experience when FOMO starts on the market. they now pay 50 percent commission on the Ethereum blockchain to buy coins. They are crazy and not afraid to lose their money

People just need a shake-up. Everyone sat up at home in quarantine, and now emotional relaxation is needed, and here is such a surge of adrenaline. Crazy market jumps and the ability to get rich or lose quickly.

[bluebit25]

I think it would be bad if you bought them now. The price has gone too high and even 3 times higher than Bitcoin, it's too risky to invest in them. I will buy bitcoin and hold instead of investing in this Defi project

Indeed, if we examine the price clearly it will not be good to buy at this time, but if you want to take a little profit through day trading, I don't think it's wrong to buy it now and Bitcoin is also very suitable to buy at this time because it is experiencing a price decline, especially if you want to hold it in the long run.

Yes, only the top projects in this market can be profitable in the long term. Do not try to buy and hold Defi projects because it will make you lose a lot. Over the past few days I have seen many Defi projects collapsed, even falling prices a few times in just a few days.

[Sanugarid]

This has been the thing I have kept saying for a long time, hype is real and people are getting warped into the hype unfortunately. Nobody denies that there are some awesome defi projects but we are talking about losing a ton of money because you believed one was good so all will be good, that is not how it works. If one is good, all others could be bad, so just research what you are going to buy and do not invest just because it resembles something else.

Yet you can't tell people not to invest on what project they like, we have different views on seeing things, maybe the thing that you were looking for a project is not there but they have what the others are looking for, we have different taste after all. What most of the investors just need to do is research the entirety of the project from less to most important ones. The hype is real these days, investors are enjoying every pre-sale actually 

I personally do not really go into all the DeFi hype because I have seen some that is great but they are already great and it is too late for me to get into them, all the other ones that resembles are just copycats and I rather not invest into them, they will just try to take the same steps and people will just not care.

Don't get me wrong, there are really good projects these days, but for us that has been here for a very long time, we know how this is going to go. Thus, let people be responsible for their own money, let them learn their lesson in any way.

[zasad@]

Just think about my thoughts.
In 2016, the first projects on Ethereum were doublers (Send 1 coin, after a while, get two).
Haters said that the Ethereum was a scam, and in 2017 the ICO rally began.
There was a lot of scam, but now there are a lot of useful projects on Ethereum. The same will happen with the defi ecosystem. Soon people will get tired of farming shittokens (these are the same doublers in 2016) and only good projects will remain.

[Silberman]

Obviously, it is hype.
That's what knowledgeable in cryptocurrencies will always tell when a price goes to the roof without even having a good reason.
It ain't a good project. The mass just focused on buying the coins.

It's a good profit though. Someone who is in short-term investment can make a lot with that high of a fluctuation.

Very few people have complete trading systems, basically the most they do is to get some entry signals but they never know when it is the time to get out  and for the most part they end up holding their coins for too long and losing their money in the process, it is for this reason I do not recommend people to invest in those projects because even if the profits are incredibly attractive taking into account the short  amount of time needed to get them they forget the losses can be massive as well and once you lose your capital you have no way to take advantage of more solid movements in the markets.