What do You think about YFI ?

[aryana42]

YFI is kinda risky. Its bullish run is so unnatural you would think that it is manipulated and personally i would think that. You cant win on something like that, it might get dropped any time soon.

Yes, what you are saying really makes sense that YFI tokens are very risky, but if we look at the supply, then it is also very natural to happen because the supply of YFI tokens is very small, and some people including investors have made a lot of profit through tokens. This YFI, although in fact they are also afraid to buy YFI because they remember the same thing as you said, they still take advantage of this condition to seek profit through YFI.

[1713576971]

1713576971

[1713576971]

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[imstillthebest]

In my opinion, YFI is worth investing in now that YFI has a smaller supply of 30000 tokens than Bitcoin. since it was first launched in August, YFI has experienced a rapid increase in prices in a short time.

its low supply could be the reason why its price sky rockets so much and its low supply is also the reason why its in demand because theres people that also look for the supply of the coin to see if they will buy it or not but i didnt knew that the coin was one of the early defi coins because i just heard the coin lately and it arrived like it came out of nowhere  . theres other defi coins that i know before this but this was the coin that only became so popular due to its bloated price

[r32godzilla]

Already overbought. You pay for 1 YFI token more than for 1 Bitcoin? It doesn´t make any sense for me! I know that it is due to low circulating supply, but when you think about it in a long term. Your 30 000USD investment would be much safer in Bitcoin, right?

[Rafiqul]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

YFI prices have risen sharply in a very short time. At the moment it is the 20th resource on Coinmarketcap and is priced at over , 39,500. I think investing in YFI should be avoided; After any time its price collapses. We should remember that the bullish hype will not last for years.

[Zeehaxan]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

No doubt YFI has created waves in the market by coming up with unique tokenomics and small supply, i hope their platform and services will be equally good because i have not tested any as of yet. The model has impressed many already that is why we see continuous copy cat projects popping around.

[Ozero]

In my opinion, YFI is worth investing in now that YFI has a smaller supply of 30000 tokens than Bitcoin. since it was first launched in August, YFI has experienced a rapid increase in prices in a short time.

Today, the price of the YFI token has risen to $ 39,870, although in recent days there has been a slight decrease in its price and capitalization. It seems to me that those who manage to fix their profits in time will win. We have not yet witnessed such a huge rise in the price of the token. It is very strange for the cryptocurrency market to see a token that outperforms bitcoin by four times in value.

[DarkDays]

The CEO of BitMEX said that YFI is going to reach $100k, and so far his prediction is looking pretty accurate.

It just touched its all time highest value of $43,000 a few days ago while the rest of the market is trading sideways or struggling to recoup losses.

https://www.coingecko.com/en/coins/yearn-finance

I think that $100k is certainly within the realm of possibility. I'll buy a decent bag on the next dip (if it goes under $35k).

[wmaurik]

The CEO of BitMEX said that YFI is going to reach $100k, and so far his prediction is looking pretty accurate.

It just touched its all time highest value of $43,000 a few days ago while the rest of the market is trading sideways or struggling to recoup losses.

https://www.coingecko.com/en/coins/yearn-finance

I think that $100k is certainly within the realm of possibility. I'll buy a decent bag on the next dip (if it goes under $35k).

This guy will not be deterred by case of YAM before which made his reputation a little damaged, and now he is doing it with YFI I don't support his theory but if we see YFI still has potential to achieve more value because the supply is still very supportive and also DeFi hype is still there not uncertain in the near future maybe YFI could reach $ 100K early in the next year, but I would rather buy another DeFi token than buy YFI.

[Twentyonepaylots]

If we would talked about the price of YFI, this price is created by the hype of the defi thingy, it's quite amazing that this coin could surpasses the Bitcoin price.

It is kinda funny how people be investing on something they don't really know, they just ride the hype coz the time is very unusual for the bitcoin to be stagnant on its price right now. YFI has a huge price value, valuable than YFI but the question is why? why would people buy YFI whereas they can't use it anywhere. There you'll see how people are deceive, the crypto market is being slowly build by ignorance.

If you asked if it's worth to invest into it right now, i would say it is not a good decision, it's better to invest into other token/coin because of the price are already way too high at this current time.

Anyways, though YFI cannot give you any goods but short term investment, jump on it 

[Chrystora123]

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

You are absolutely right, ignore it then buy Bitcoin!!  since the first time making the market fuss, I have been very sure that yfi is just a speculation token.  regarding the trading volume, I am not sure it is real, most likely they have worked with many people to make the value continue to increase (create a scenario as if the market demand is high)..

[ibuddy122505]

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

You are absolutely right, ignore it then buy Bitcoin!!  since the first time making the market fuss, I have been very sure that yfi is just a speculation token.  regarding the trading volume, I am not sure it is real, most likely they have worked with many people to make the value continue to increase (create a scenario as if the market demand is high)..

Well, we've noticed YFI token gone from $31 to $43000 in roughly 55 days. YFI has been immensely manipulated, that's correct but the question is, this one gonna quick crash? I guess it won't crash too soon. Slightly late get to the party so I don't hold any.

[tvplus006]

If we would talked about the price of YFI, this price is created by the hype of the defi thingy, it's quite amazing that this coin could surpasses the Bitcoin price. If you asked if it's worth to invest into it right now, i would say it is not a good decision, it's better to invest into other token/coin because of the price are already way too high at this current time.

Despite all the hype around this token, YFI showed the entire cryptocurrency market that the price for 1 token can be higher than $40000. This gives market participants psychological confidence that the price of bitcoin can reach a higher price than $20000 in 2017.

[traderethereum]

Heya

Guys what do you think about yfi

is it worth to invest now

or it should be avoided as of now

If you can accept the risk of investing in yfi, then you can try to invest now while the price is down a lot than the last high price.
But you need to know that the market is too volatile and depends on the bitcoin market. I think yfi have a fast move right now because bitcoin price is not moving so fast.
You need to analyze the trend of yfi, so you know when the right time to buy yfi.
Otherwise, you can get yfi at a high price, and that will make you wait for some time.

The price of YFI has already exceeded the price of Bitcoin and I think with a small total supply, it is possible that the YFI price could go up again. YFI promises large returns and this is a special attraction for investors. But I prefer to invest in other coins because there are still many potential tokens or coins

That makes some people want to buy yfi as soon as possible before the price goes up higher.
I think many people are now trying to buy fyi while the price still at a downtrend.
But soon, the price will start to rise again.

[Henrytrust]

It would be very easy to manipulate the coin because the supply is quite low and as it seems only few persons holds a substantial amount of the tokens. The value could easily drop if these persons choose to cash out.

[LogitechMouse]

~

I will say some facts about YFI:
- It is another DeFi project (first ones I think) and the DeFi hype is there so you can probably buy at the top and then suddenly the coin go down like what is happening to it already. Going up and then going down very hard which makes the dumb investors panic and sell it at a loss. You might be like them too.
 - Low supply (only 30k). The coin can easily be manipulated by just a group of rich people or huge institutions.

To answer your question, there are many more worthy coins out there to choose. For me I will avoid this for now and will pick another coins. If you want to ride the hype then you can but know when to entry and exit. Good luck.

[zenit22]

Those who believed in this project earned well. In General, the situation now resembles the cryptoboom of 2017. Many of the DeFi projects show very good profitability. YFI is one of these projects.

[yurim37]

Those who believed in this project earned well. In General, the situation now resembles the cryptoboom of 2017. Many of the DeFi projects show very good profitability. YFI is one of these projects.

Agree.
Think there is still huge amount of profits to be taken thanks to this coin.
With the coin now falling to 23k$ while it was still at 34k just few days ago, there is still potential for a huge bull run so if I were people, I would buy it now and enjoy a new ride.

[makishart]

With the coin now falling to 23k$ while it was still at 34k just few days ago, there is still potential for a huge bull run so if I were people, I would buy it now and enjoy a new ride.

The late adopters of this coin have no room to generate a lot of profit like the early adopters of YFI. The price has been getting dumped to the 24k again after the last rally to the 34k or even more and is not it mean if the bearish signal coming for YFI?

I have the same thought like you to put more money on this coin but it looks like i must be more patient caused by YFI can go even deeper than this rate.
It may happen very soon.

[warg2017]

I must admitted this is the first time i have heard about the YFI coin,so i go to coinmarketcap to check YFI information,it was so astonishing me,how a coin could up to such price,except BTC.Obviously,for me,i am definitely not investing in YFI,due to its high price and unfamous.

[ilovealtcoins]

According to a source from coingecko, YFI has exploited all of its tokens and since last week until now, the deposit in DEFI YFI has been withdrawn quite a lot.
The value of each YFI token has plummeted to $ 23,000 per token. I wonder what they will do to keep the project going once they have fully exploited the project's tokens.
https://www.coingecko.com/en/coins/yearn-finance