Is it enough for YFI or are you still waiting for a magical pump?

[Stedsm]

I don't think I need to give info about YFI here as it looks like everyone already knows about the coins. Let's talk the topic then.

A coin that was worth $3 and whose developer himself said that this coin doesn't have any monetary value, but investors proved him that his thinking about his coin was wrong. From the size of a droplet to becoming a mountain itself, yfi took a very big volume in terms of having its own share of investors in the markets. Went to over $40k from just a $3, yfi caught the eyes of each and every investor, many of whom already invested whenever they saw it one leg down coming. Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

[crzy]

The hype was done already and I’m expecting for a more dump with this token as DeFi market is struggling right now. YFI made a big impact in the market and made a lot of investors to take home with huge profit, if there’s more development we might see this one to pump again, but for me its on a down trend and what goes up will go down again, and right now is the time for going down.

[leea-1334]

Um,,, you do know that investors did not prove him wrong at all right? Just because they pumped the coin from $3 to $40 does not prove him wrong in fact,,, it kind of proves that the coin ultimately has no value like regular money but speculatory value like 99% of altcoins and tulipmania like assets.

[michellee]

As the YFi price is down too deep than a few weeks ago, I am not sure if people are still waiting for another pump because they bought that token at a high price. It is difficult for them to expect the token to have a pump and lift the price to the high price. It could be possible to have that pump, but we don't know if the token will still have the power to raise the price. But I think that many people still have that token and waiting for the price to increase again. I am afraid that the trend of YFI is already ended, and they are hard to make a profit from that token. Maybe it's time for them to switch to the other coins.

[bitcampaign]

I think people are bored with this kind of project, just look at the price continues to fall YFI and also other tokens that have slightly the same name and also the same concept, they reproduce quickly and then fall so fast too, there hasn't been 1 year people this soon left the project on the fly, holding ETH and BTC is better at this point

[Uhde]

who cares about its real value? It is used as pump and dump coin. high volatility and high volume. That is what a trader wants. I remember dogecoin was created based on an old Internet meme  , and people were buying it like crazy.

[Kupid002]

It's an obvious just a hype so if I were you I will now take my profit this only proving that someone is manipulating the price of that currency .

From 3$ to 40k any reason for that high increase other than it's been manipualed by some rich man who want to earn with his holdings that's too much and an obvious trap for new investors.

[fmz89]

I don't think I need to give info about YFI here as it looks like everyone already knows about the coins. Let's talk the topic then.

A coin that was worth $3 and whose developer himself said that this coin doesn't have any monetary value, but investors proved him that his thinking about his coin was wrong. From the size of a droplet to becoming a mountain itself, yfi took a very big volume in terms of having its own share of investors in the markets. Went to over $40k from just a $3, yfi caught the eyes of each and every investor, many of whom already invested whenever they saw it one leg down coming. Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

i believe yfi its experiment project from andre and now he try create some other project, likely yfi will downturn to logical price

defi hype its exhausted with many scam pop up and btc continue to climb make even worse, its new project, took long time to mature,

like IOTA x10000 from ico price, moon on listing

[Lhaine]

From 3$ to 40k  isnt that magical for you? That's why you want to have it more. Secured your money already nothing last for long. if you were not secured your profit you may regret it later once the price back to which is the right value of that tokens.

The price correction is already happening will you wait for it to dump more ?

[carlfebz2]

I don't think I need to give info about YFI here as it looks like everyone already knows about the coins. Let's talk the topic then.

A coin that was worth $3 and whose developer himself said that this coin doesn't have any monetary value, but investors proved him that his thinking about his coin was wrong. From the size of a droplet to becoming a mountain itself, yfi took a very big volume in terms of having its own share of investors in the markets. Went to over $40k from just a $3, yfi caught the eyes of each and every investor, many of whom already invested whenever they saw it one leg down coming. Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

Hype is over and its dangerous if you do still consider on giving out some money just to buy it out.

If you do able to make money out of that 40k peak then lucky for you but for people who had bought on ATH is surely still crying and whining at this moment or even had already
sell out due to panic.

Look at all the current DeFi projects now where they are all in reds or in dips.So this one alone will give you the idea yet basing of intensity of drop then you can
safely presume that the trend is on its end. So why would invest if you do know that it is heading there?  Its up to you though because its your money
and if you can risk out those then its your choice.

[Stedsm]

From 3$ to 40k  isnt that magical for you? That's why you want to have it more. Secured your money already nothing last for long. if you were not secured your profit you may regret it later once the price back to which is the right value of that tokens.

The price correction is already happening will you wait for it to dump more ?

Neither did I buy nor do I suggest anyone to buy it, this question was asked just for me to get to know that did the hunger of getting rich overnight through DeFi tokens (especially YFI) has now been satisfied or people are still buying into these tokens thinking that they can go 100 or 1000x more? It's better to play Rocketpot instead of trading in these coins tbh, with stable payouts you'll eventually reach that payout one day.

[Stedsm]

This was the hype which was created and those who knew would have made profits and sell their position. But those who had purchased at high price now will regret only as not seeing this going back again to that price range and might just continue to fall further only. I always prefer to stay away from such things.

Tbh, it was never sold off but the hype took off when the token got listed at uniswap. Then what, everything was the history as it created one through all the hyip surrounding and it all took off when Binance decided to list it, that listing literally gave a boost to the recognition of DeFi governance and liquid swaps. Later, everything collapsed at double the speed it went up. Sometimes, "Even Researches Can Be Challenged As They Fail, And DeFi Structure Has Been One Big Example Of This".

[Silberman]

I don't think I need to give info about YFI here as it looks like everyone already knows about the coins. Let's talk the topic then.

A coin that was worth $3 and whose developer himself said that this coin doesn't have any monetary value, but investors proved him that his thinking about his coin was wrong. From the size of a droplet to becoming a mountain itself, yfi took a very big volume in terms of having its own share of investors in the markets. Went to over $40k from just a $3, yfi caught the eyes of each and every investor, many of whom already invested whenever they saw it one leg down coming. Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

This just shows how powerful hype can be, a coin that should have no value despite its huge crash is still above 10k, and it shows why even if you use technical analysis as your main tool to try to make money of the markets you still need some fundamental analysis mixed in so you do not invest in something like this, I have known about this coin for some time and I thought its price was unjustified and yet it kept growing, did I succumb to the temptation of easy money? No, because I knew that sooner or later it will crash and it will never recover, if anything the crash is just starting and I will not be surprised if it reached zero in less than a year.

[Stedsm]

--snip--
...I will not be surprised if it reached zero in less than a year.

Worst was the case when people started comparing it to Bitcoin and said that BTC is now an undervalued subtoken and DeFi is the new dawn in crypto world. See, how quickly that rise of the dawn turned into fall of the night. Don't worry about its current price as it's been kept there by the whales and they will surely take that shit back over $20k once (I'm sure they'll do it) before they crash it badly like kids. When I'm saying this, I urge you not to take this as a guarantee of some pump incoming and when noon kinda shit and just take my advice with a grain of salt.

[posi]

Anyways, now as it has crashed to under BTC1, my question to you is, are you still charting it out and thinking that a breakout will occur and save you from the current typhoon markets or do you believe that yfi is done now?

Yes, I'm charting it out once in awhile and hoping it come back to it previous trend cause I dont see any sign that the YFI is done because the cryptocurrency especially the altcoins are experiencing some market correction. However, this market correction is predicted but i dont know when it will stop in other to buy the deepest dump price.

[romero121]

Um,,, you do know that investors did not prove him wrong at all right? Just because they pumped the coin from $3 to $40 does not prove him wrong in fact,,, it kind of proves that the coin ultimately has no value like regular money but speculatory value like 99% of altcoins and tulipmania like assets.

The coin isn't pumped to $40, its been pumped to reach $40k+ from mere $3 which is something very very big in the history of cryptocurrency. Such a high price pumping happened in two months of time. Though it doesn't have any value, it has created a market through this hard pumping.

Once after price reaching $40k+ more investors and traders gave preference, because of the profitability. Slowly the money flow had got lowered as the price dropped low. However on the other side people seems to keep investing expecting the magical pump as mentioned in the thread title. Myself too believe in such a pump in the coming days.

[SlimShadyMmp]

if it pumps then good for all the shit clones that we hold maybe it will help us recover from the rugged we got into but seriously i really doubt those double insane figures there are already insane clones and even better ones and too much money in defi...Probably maybe more money gets into crypto But even bull-run wouldnt fix YFI from the way I think

[Jating]

Personally, I think the bubble has been burst already, and seems many have profited, I doubt that it will enjoy the successes it had. The main thing though about YFI, is that it is the prime mover, and we all know that prime movers really enjoy the support of crypto investors in the beginning pushing it as hard as they can.

But as soon as it's dump hard, and it proved itself as just a pump-and-dump scheme, I doubt that it will bounce back as many will follow the YFI hype and then investors simply moving to the next big thing. The sad thing is that many are already trap and didn't exit in time. So it's either they stay and believed that it will pump again (unlikely) or exited with some loss.

[CuriousGeorge]

I do believe YFI is done for now but i have been trying to gambling in the keep3r too. It's a new coin that already created by andre cronje and people have been moving to the keep3r. it's growing for more than 2k% like YFI too.
There will be no pump again for YFI but a new hype has come to the new coins like keep3r.
Traders are always moving from one to the another coins.

[traderethereum]

YFI and YFII still go down without we know when it will stop at the lowest price. Besides that, we don't know if that token can back to the high price or it is still going down.
This time, many people losing their money again from that token, and they hope that the situations can be changed and the price can increase.
But I think the trend of the YFI and YFII is almost ended because there is no sign that the token price can rise to the high price, but it will go down deeper than the price now.
But if there is good news for both tokens, maybe the price can grow slowly, but I still wonder if that can happen this year or next year.
While bitcoin itself having the time to increase, we should move to the bitcoin or altcoin to make another profit.
We need to be smart to watch the trend and the situations to decide what we need to do related to the current situations.