What do You think about YFI ?

[bitcoingape]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

[kindbtc]

Personally i would weight because it has shown multifold gains just like straight line up which is kind of un natural so i expect bigger and deeper correction.

[Pffrt]

I think YFI has been hugely manipulated, otherwise you can't see such huge fluactuation of $38000 ATH from $35 within less than 2 months. It has got huge hype, I think It is way more over rated and should be avoided.

[kingzpro]

I will not be getting into yfi for two main reasons.
It still looks too over valued to me.
Secondly, i am not going to invest in such highly price coin. I just feel not right about it.

[bitcoingape]

I think YFI has been hugely manipulated, otherwise you can't see such huge fluactuation of $38000 ATH from $35 within less than 2 months. It has got huge hype, I think It is way more over rated and should be avoided.

That is what i,m thinking but i was also in impression that it goes high upto $38k, then if we purchase on 5-6k then there must be quick profit chances

[makishart]

YFI is an over valued coin right now and you must try avoid investing in the YFI coin. it can get dumped anytime. Almost whole of Y family coins have been facing very big downtrend and i think that the real YFI will be also following such trend. The bullish will never remain forever and you must know that.

You are taking a very big risk for your money if you are entering the YFI market right now.

[bitcoingape]

I think its a project with huge market manipulation. How a project can go from 18$ to $40k. A whale manipulates that market to attract investors. What is the use of YFI? I don't know much about that project but what that project has done looks a pure market manipulation. For the first time, we have seen a project cross the price of BTC in such a short period of time.

Infact not only Yfi there is around 7 to 8 coins which was nearly at price of 8k to 12k

[Raflesia]

YFI is a token of hype and it was done in a short time. I'm not even sure it's worth investing in, of course this is a big hype that a group of people has created and it's better to avoid from now on.
There are still coins worth investing in, for example bitcoin as the main coin and in your future investment and some other altcoins that have the same potential as bitcoin.
Do not be influenced by large increases, it can even be a trap for those of you who want to invest now.

[bitcoingape]

YFI is a token of hype and it was done in a short time. I'm not even sure it's worth investing in, of course this is a big hype that a group of people has created and it's better to avoid from now on.
There are still coins worth investing in, for example bitcoin as the main coin and in your future investment and some other altcoins that have the same potential as bitcoin.
Do not be influenced by large increases, it can even be a trap for those of you who want to invest now.

What do you think about these coins?

Not only YFI these 3-4 coins also worth to look for?

[tabas]

Too many YFI and you need to be careful with those. Don't invest everything based on hype and what you've just heard. DYOR.
Many of those YFI were copy cats and doesn't look serious with their projects. If I'm about to invest into a YFI, I'll choose to invest other altcoins than those.

[btc_angela]

I think this is one of the most created thread in this board, and has been discussed to death already:

• YFI is new Gold of Crypto world
• YFI and YFII
• Yearn.Finance (YFI) hits $28k
• Be careful with scam copycats of YFI

[Renampun]

I think YFI has been hugely manipulated, otherwise you can't see such huge fluactuation of $38000 ATH from $35 within less than 2 months. It has got huge hype, I think It is way more over rated and should be avoided.

manipulating a currency's price has been the trick in recent years since ICO / IEOs started getting crowded...
The point is that YFI developers only want to make a fuss when DeFi is HYPE, if you invest in YFI then you must be prepared for possible losses in the future. don't you FOMO on YFI because it's all pure price manipulation.

[CaVO32]

I think YFI has been hugely manipulated, otherwise you can't see such huge fluactuation of $38000 ATH from $35 within less than 2 months. It has got huge hype, I think It is way more over rated and should be avoided.

Overvalued project with no working platform yet. Check their products and you will see that they are still in beta up until now. So there is really no logic why they have very expensive price of this in the market. Won't touch this project if I were you. Manipulation is real on this platform. Stay vigilant on this kind of hype.

[SlimShadyMmp]

Right now I will say either keep your money or just move into other project and right now with the current market situation I personally think that most coin you will pick will make some profit for you in the long run YFI is way to high and is likely you cant afford 1

[masphie]

WOW ....YFI ...
Yes of course, they listed in indodax and close to 500m before price go down right now.
And if i have a lot of money, i never buy this coin although this coin is trusted. For me, the price too high.

[asriloni]

This is a crap coin with so many gimmicks to create the hype around it before. Avoid to deal with this coin if you didn't wanna see your money will be robbing by the whales who have bought this coin at the early pump.

The whales are accumulating more and more money from selling their YFI. Forget this crap coin and invest in another legit crypto. You have a lot of options like DOT which has a fully working product.

This is only an experimental platform.

[OcTradism]

Ignore it, buy bitcoin and hold it till next year. In the next year, you will be able to double your balance.

With YFI or any others you will have more risks of loss than probability to double your balance. The party of YFI has gone.

https://messari.io/screener then you can choose Metrics and Filters: Down from ATH. Take your screenshot of DeFi token price. Do it again next year and see difference of changes.

[terizla]

Just careful to invest yfi know.
I think now yfi price is now likely to be near the peak.
But, if you want to invest i think, don't invest with huge amount.

[qomariah95]

I don't know much about the YFI project. But for short profits it might be good. And unfortunately now the YFI price is high and is currently still correcting. To enter now, it might be too risky. Wait for it to keep going down and after that enter.

[Leonard2016]

A good example of whale's play , The project was neat and new but not for a 1000x in a few months, I wish I bought some of that when it was around 38$!
now the price getting more stable as whales shaking off their hands from it .