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Ezravdb
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October 10, 2020, 05:02:13 PM |
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Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
It's better to wait for a cheaper price to invest in YFI. Looking at this sideway market condition will provide a great opportunity for you to find YFI momentum at the cheapest price. |
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Traderbtcc
Full Member
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Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
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October 10, 2020, 05:09:47 PM |
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Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
YFI has always been a bubble,it reached its peak of about $41k thats was almost equivalent to about 4 bitcoin at that time, but now it's $17k and still dumping fast, I won't advice anyone to even invest in it cus it's really volatile, besides there's no more hype around it, maybe that's why its has been dumping, YFI was just an overvalued project, I always knew it won't take long for the bubble to burst,so just avoid it for your own safety. |
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Malam90
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November 03, 2020, 08:40:08 AM |
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Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Personally i won't suggest to invest now. From the first time of overvalued, i have been saying it is hype and will blast soon. Now the investors who bought $40k rate are huge losses. An overvalued token can't be suggested for investment. We should bear in mind that a token 3x-4x value comparing to Bitcoin is a matter of thinking and should be observed before investment. You should avoid this token to invest and can wait if it goes down to $4k-$5k. |
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gamer4156
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November 03, 2020, 09:29:29 AM |
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Defi venture have seen are overhyped and some have even decayed in cost with next to zero any desire for the cost risen again however YFI is still much better. Possibly on the grounds that it is recorded in huge trade, for example, binance yet the recuperation rate after the ongoing business sector. whatever it tends to be experienced and occurred, not just in light of the fact that now there are numerous issues about YFI being examined. YFI tokens is little, and a few people including financial specialists have made a great deal of benefit through tokens.
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Mighty_crypt
Member
Offline
Activity: 784
Merit: 21
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November 03, 2020, 09:37:31 AM |
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Reasons why I won't invest in YFI
1. It's way too over priced
2. Dex are losing liquidity right now, I'm guessing massive sell off
3. YFI use cases is just like HYIP, that's my own opinion though
4. Even if I have to take risks I'd wait for further price dump
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puremage111
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November 03, 2020, 09:38:41 AM |
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Seems like people are more crazy about the YFI token price itself than the protocol itself
I guess majority of the people have no idea what YFI does and what YFI token does
Not saying that YFI token is bad or what
But i will spent my money using their yield aggregator to farm yield rather than buying YFI token itself
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Stavri
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November 03, 2020, 09:57:58 AM |
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What can i say? Overpriced and overrated thing. It has unbelievable hype and volume. I do not trust it as a mid or long term investment. But possible to trade it because of its hype.
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BDBitcoinExpart
Member
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Merit: 10
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November 03, 2020, 01:17:16 PM |
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YFI First Defi token. Defi concept is a good concept at present. YFI's Defi's first successful project. Many investors invest by looking at the concept of Defi and the price is $ 40k. But currently its price is trading above 9k.
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coiner-88
Member
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Activity: 537
Merit: 10
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November 03, 2020, 01:20:37 PM |
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A significant number of the defi venture have seen are overhyped and some have even disintegrated in cost with practically no desire for the cost risen again yet YFI is still much better. Bitcoin costs in a month after dispatch has indicated us the likelihood that anything could occur in the current crypto world, however what we have to acknowledge is whether the YFI bubble pattern will proceed for quite a while or it might be brief.
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Atang Sulaeman
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November 03, 2020, 02:23:08 PM |
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With a very high increase in the price of YFI, it is very risky if we invest, don't get into the trap of the
owners of a lot of money, because by buying it now at a very large price we don't know the decline.
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passionplus
Jr. Member
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Activity: 163
Merit: 1
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November 03, 2020, 03:08:59 PM |
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YFI is a defi project. The prize dump and pump rate is very high. So I fear about the volatiley of this token. Of course it is better than any other defi.
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Btra
Copper Member
Newbie
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Activity: 238
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MYID
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November 03, 2020, 03:13:47 PM |
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This YFI is a recent boom in the whole crypto market. This is the first crypto which is level crossed the price of Bitcoin and reached near $40,000 and now it declined to half of this highest price. Recommended that it should be avoided now for the fresh investment because of the crypto market uncertainty. Maybe the price if declined then it could hit a mere $200 like Bitcoin in the infant stage.
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lifeOK
Member
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Activity: 308
Merit: 22
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November 04, 2020, 09:11:44 AM |
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This YFI is a recent boom in the whole crypto market. This is the first crypto which is level crossed the price of Bitcoin and reached near $40,000 and now it declined to half of this highest price. Recommended that it should be avoided now for the fresh investment because of the crypto market uncertainty. Maybe the price if declined then it could hit a mere $200 like Bitcoin in the infant stage.
So there's no chance for YFI will bounce back. DeFi hype is gone, so YFI is down. Since yield farming is down and we're going to see a lot of these low supplies. It will go up when whales start farming again. Stay out of this project must be best move since it's declined everyday. |
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arabianhorse
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November 04, 2020, 10:12:57 AM |
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YFI is risky to invest for a long time. Because at any time these coins can go absolutely bad. Although I don't know what this project is like. But by 2017 there were some ICO projects that are now lost. So it is better to think of YFI short time. At present it is better not to invest in YFI coin. You can go to Bitcoin. The future of Bitcoin is bright. No one can talk about the price of Bitcoin. But Bitcoin can be trusted. Just as good news can take up to 20,000 from current prices in a matter of days, so bad news can go a long way.
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awakpane
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November 04, 2020, 11:55:21 AM |
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In my opinion, YFI is not worth investing in now and should also be avoided because this is due to the turnaround cycle of YFI which indicates a decline. Therefore, even though there is a strong buying impulse, it seems that YFI's price will continue to fall. It must be reminded that 90% of Defi will fail and this is already being warned by Binance CEO and Ethereum founder Vitalik Buterin.
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Avoidme
Jr. Member
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Activity: 64
Merit: 2
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November 04, 2020, 12:03:04 PM |
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YFI is risky to invest for a long time. Because at any time these coins can go absolutely bad. Although I don't know what this project is like. But by 2017 there were some ICO projects that are now lost. So it is better to think of YFI short time. At present it is better not to invest in YFI coin. You can go to Bitcoin. The future of Bitcoin is bright. No one can talk about the price of Bitcoin. But Bitcoin can be trusted. Just as good news can take up to 20,000 from current prices in a matter of days, so bad news can go a long way.
Your advise is better. I also think it is not correct time for investment. Investment in crypto is very difficul. Volatility of token is the main cause. You tell to go to bitcoin. Yes right bitcoin future is better alltime. |
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Zazzu
Sr. Member
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Activity: 518
Merit: 256
Living the truth....
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November 04, 2020, 01:06:29 PM |
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YFI went up due to the DEFI hype and in my opinion t is too late to buy it, because the defi bubble seems like it is bursting, I would stay away from it and would rather invest in some other new projects with more potential they key is that you get there early.
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gollygosh
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November 05, 2020, 10:32:08 AM |
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It will most likely become another coin that whales will play with for a while - just because they can, expect some big swings (just my 2 cents worth).
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Insomnia family
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November 05, 2020, 11:21:28 AM |
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I'm not going to talk much about Defi projects, let alone the coins with the initials (Y). there is a large selection of Defi coins out there that might be good to invest in. but my advice if you want to invest in Defi especially YFI then be careful, because half of the YFI coin price has been reduced from $ 40k to $ 18k.
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Stanlo
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November 05, 2020, 11:24:45 AM |
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Heya
Guys what do you think about yfi
is it worth to invest now
or it should be avoided as of now
Don't take this to the heart, it's just my own kind of view about YFI and few DeFi projects like it, they are all Ponzi schemes, the returns they give investors are too high, not even POS coins can give up that amount of ROI, YFI and it's kinds are all high risk investments, every one should watch out, if you want to take a bit go in with money you can afford to lose. Good luck |
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