Will YFI go down again?

[Adriana__22]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

[pedrillo0]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

YFIDOWN is very young!

Therefore it is very volatile and you risk losing!

Invest in ETH or Bitcoin which is safer right now!

Don't forget about ADA, XLM, EOS, LINK, which are very good too ...

[Rodeo02]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

I suggest not to invest in that project anymore . If some traders already experience to lost -90% do you really think they have plan to reinvest again after experiencing that huge lost?

Its a wake  up call for investors to not invest in project that you don't fully understand the use why it's created . After. getting that lost I only expect the price will be dead after. since no one want to enter in a coin that make more investors lost than to earn.

[chip1994]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

YFIDOWN is very young!

Therefore it is very volatile and you risk losing!

Invest in ETH or Bitcoin which is safer right now!

Don't forget about ADA, XLM, EOS, LINK, which are very good too ...

I don't think YFI is too young to survive. The Crypto market is a financial game and whoever has more money lives better and even creates trends.
YFI has excellent staking guarantees and a low supply has made many communities around the world fomo about them. with a tight and loyal community, plus a lot of strong whales to keep the token's price it will be very hard to die
Trend Defi is still there and not really over yet. we can still make a profit through staking

[michellee]

Maybe the new project trend is almost ending because the crypto market is rising now. But if you want to invest in any of the new projects, you can try your luck. But there is no guarantee that you can make a profit in the future. I suggest you search for more details to find on the new project, so you will not regret or be disappointed if you only lose your money.

With the crypto market moves now, I think it is better to moves and search for the potential coins which can increase again, and I think we already have bitcoin, ethereum, and other coins that start to rise.

[tvplus006]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

Despite the fact that investments in YFI are high-risk, I invest a small part of my Deposit in this token. And such investments help me get a profit that is many times higher than the profit from other coins. The main thing is not to forget to put a stop loss, so that if the price goes against you, your losses are minimal.

[Rebisco]

Maybe the new project trend is almost ending because the crypto market is rising now. But if you want to invest in any of the new projects, you can try your luck. But there is no guarantee that you can make a profit in the future. I suggest you search for more details to find on the new project, so you will not regret or be disappointed if you only lose your money.

With the crypto market moves now, I think it is better to moves and search for the potential coins which can increase again, and I think we already have bitcoin, ethereum, and other coins that start to rise.

For me it is a matter of luck if you make huge gain in Defi projects, most of the investors right now are pulling their investment and they are re invest it in bitcoin because it is a trending stock. If you find a good project nowadays then why not try it but just make sure that you will only put the money that you are afford to lose. YFI for me is good and it already made a bounce. Look how volatility the YFI so for me you need to very cautious if you will but it right now.

[VolkoB]

Despite the fact that investments in YFI are high-risk, I invest a small part of my Deposit in this token. And such investments help me get a profit that is many times higher than the profit from other coins. The main thing is not to forget to put a stop loss, so that if the price goes against you, your losses are minimal.

I also consider this token to be a too risky investment at the current time. Rapid rises alternate with rapid falls. Don't put all your money into this.

[Jating]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

So it went for $24->$2? so it means it has bottomed up already. Or shall we say that the hype has died down, the pump-and-dump scheme are over. So personally, I will look for other coins to invest though, as it might not bounce to $24 or more.

And as for most YFI and Uniswap hype, most of them have lost steam already as investors have already pocketed huge profits already. So it will be better to look for the next big thing that will be hype by crypto whales and manipulators instead of putting your hope to a YFI project that has seen better days already.

[tabas]

I thought that you are describing yfi(finance) as down. But about the price, they are different from the popular yfi project because it cost thousands of dollars.
What makes you think that it's good to invest just because it's $2. Can't you see the difference in the dump that has happened to that coin? Not worth it.

[terrong]

The adage says that something that goes up quickly will go down quickly, for me YFI or any other Defi really depends on the trend, currently Defi is indeed popular with many people, but one day there will come a time when the trend changes and makes it plunge again.
For anyone who invests in it I recommend to remain careful and not be complacent with the light brought by Defi, invest sufficiently because everything that is excessive is not good.

[bttmember]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

Obviously with the crash in defi hype and fomo more downside is expected and even if the bulls have to return it will take some time so right now i do not feel attracted to any defi projects and tokens so i think downtrend is expected to continue more.

[Severine]

Because of the trend of major cryptocurrencies outperforming smaller Defi tokens, so the YFI shortage could be a short-term hurdle.

[Malam90]

YFI price is volatile. It fluctuates regularly and i can't predict its price. From the last 3 months analysis, its price touched $40k and went down to $11k and now experiencing $15k level. Who are already in profits, i would recommend to come out from this hype. Already many investors (including my familiar few investors) are in huge losses specially who bought more than $20k to $40k price. Only low supply can't be the scale of high price.

[rahmatullah9305]

Hey, I was wondering if it's a good time to invest in YFIDOWN since it's 2 dollars and a week ago it was 24. Thanks!

Don't just look at DeFi tokens that use the YFI name, because basically they are all not really strong in the market even though they were at the highest price when compared to others, so don't get caught up because of that, because if you want to invest or trading, then choose tokens that are often in the top 10 in the ranking, because it will be more profitable for you and minimal risk of loss.

[ice18]

If I was you I will stay away with such kind of token I also bought many yieldfarming tokens in the past 3 months and almost 90% of them price fall very quickly and not good for holding if you earn enough sell it quickly or you will get rekt just like when I bought KP3R/SUSHI at the top because of FOMO I rushed to buy and I ended up selling at half price to stop my losses.  

[jademaxsuy]

I do not know of much about this coin but it did beat bitcoin in terms of market price where it even surpasses bitcoin market price after recorded 30K $ per coin. I do not know if this coin is good to invest but for now my advise if you want to get optimum profit will not be good to invest. All crypto now are positive because it all influence with bitcoin market. If I were you then wait for bitcoin market to fall down or it crashes then invest the crypto yoi wanted to obtain. I think that would be ideal.

[kentrolla]

Well the deadline of investing in YFI has passed and now it's very risky because the price is extremely high so anything is possible from now it may go down Massively or it may be stable but it's upto you.

In my personal opinion this is not the right time to buy it, keep on waiting unless it go down. I would suggest you to buy top altcoins rather than focusing on this.

[crwth]

There are probably a lot of people who dumped their tokens and made a lot of bitcoin with that. I doubt it could go back to its all time high immediately. I don’t know why it is so hyped but it seems to be a manipulation of sorts. I’m just not willing to risk my money for that. I feel like it’s going to go down more.

[irixo10]

In my own opinion; from  $24 down to 2$ I don't think I would be wrong for saying the price difference is much and thus do not look like a good investment to me, also taking into account all this happened within a week. Also, from another side, the good question is, what is the chances of buying and the price will go up later in the near future? Besides, considering it is a new project and giving reference to many new projects nowadays, the token might not even rise and might even continue going down. So I would suggest you kindly go for top coins like Bitcoin, Ethereum etc, and be satisfied with your investment. Lastly, most DeFi projects are just hype projects.