Will YFI go down again?

[Teraboy]

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!

It's not a good time to invest in YFI down, if you can afford to lose your money and you can do that but remember if this coin is getting dumped from $20 instantly. that's insane. I personally will never try to deal with this coin. It will go up when YFI will go up too.
You can try to put small amounts into it and you can see what will be happening in the next week.
I hope that it will go back to the what it should be.

[1714923412]

1714923412

[sayaya17]

I think it will definitely go down again although now the price is at 24. The name is also crypto coin. Once there is a hike there will definitely be a decrease.
If you’re already confident in YFI, why not try your luck there, but you should still be careful because YFI is the new coin.
In investing of course must be prepared with all the risks, because it will not always benefit in this case.
Investing in defi coins are on this trend will provide a huge profit. The chances of gaining an advantage are definitely there.
Because many investors are already taking advantage of investing in DeFi coins. Determine the right point to buy this coin.

[kenelmark]

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

That's right, so don't get caught up with the price decline that has occurred for the token, because not all tokens are good to buy when the price drops even though the token has been in a high price in the market.

[soetikno]

I am not really interested in YFI Tokens or anything like that, I think the defi fever is raising it, I prefer investing in crypto that does have long-term potential like ETH or BTC, YFI tokens are very risky if the whale is not interested, it might become ash

[globalpain]

of course YFI will go down again, YFI's decline has also been more than 100%,
because Fomo YFI was able to go up very high, and a sharp decline has also occurred,
this is what makes me furious because Fomo can damage the image of an altcoin project.

[sharos]

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!

Nothing impossible in cryptocurrency market. But, Investing in YFI is risky. Everyone suggest to investing in BTC, ETH for long term investment. I think you should stop investing in YFI.

[JeffBrad12]

YFIDOWN has the opposite performance than YFIUP. This coin goes down caused by YFI goes up and YFIUP was also following it. It's quite difficult to say what will be happening but you can also bet some of the money on it consider it has reached the bottom floor.
As far as i know, we didn't yet see the correction happens in crypto market right now, thus people are still trying to buy as much as they can.

Just be careful with it and you can try to buy some as preparation for bearish trend.

[begau]

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 the new defi, the price spread is significantly different at the beginning, it probably very low to buy now. This investment decision can be seriously considered, the possibility of losing money is possible but not much while the profit is very very high.

[carlisle1]

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!

It's your prerogative mate but me?yeah I invested small amount as the price is going deeper now and this is the best chance to accumulated  this pump and dump currency so by any chance that this goes back in activity then at least I have some profit.

And besides this is too cheap now to prevent as investment materials right?

Buy small part and let it stay in your wallet for long .

[Dollar_Hunter]

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.

how can it go down further ?, look at the YFI price overtaking the Bitcoin price again,
even though the YFI price a few weeks ago was still below the Bitcoin price, I say this is a good thing,
Defi makes everything feel alive, buy as much as possible YFI might be test resistant again.

[puremage111]

Despite i think it is overprice
But i wouldn't really short or buying YFIDown

It is way too risky
"Overprice" or "Overvalue" is just a term on what RATIONAL People think
It doesn't reflect what market "should" do

YFI has pushing out tons of features like new vault, vault with options contract and etc
All these are pushing YFI a lot in a short time frame

[tvplus006]

It is very risky to invest in FYI especially among traders because many are surprised by the fall in its price, so it can be said that those who bought FYI coin lost a lot when its price was too high, many investors and traders did not expect this will happen so before investing in projects it is better to check it first and wait for the opportunity so that you do not go bankrupt or be scammed in the steps you take.

All cryptocurrency is very risky in terms of investment. But for the trader, the high volatility of the coin, such as we see in YFI, is important first of all. Even those who bought this token at the very top for 44 thousand dollars could get a very high profit if they entered the position short in time.

[bitcoin31]

I suggest to you to find a new coin because the price drops very high and that means the coin is not potential just for me.
You can find a lot of coins now who is potential that will gives you a good profit than the coin that you have. But if you think there is a chance to rise you can hold it at your risk but if you think it will down more better to convert to the other altcoins.

[n0ne]

It is very risky to invest in FYI especially among traders because many are surprised by the fall in its price, so it can be said that those who bought FYI coin lost a lot when its price was too high, many investors and traders did not expect this will happen so before investing in projects it is better to check it first and wait for the opportunity so that you do not go bankrupt or be scammed in the steps you take.

All cryptocurrency is very risky in terms of investment. But for the trader, the high volatility of the coin, such as we see in YFI, is important first of all. Even those who bought this token at the very top for 44 thousand dollars could get a very high profit if they entered the position short in time.

Yes, make yourself clear with the plan. Whether you're with plans of buying it for long term holding or for trading needs. If you're into trading then YFI is the asset for you. You can buy without any big mind correlation. By the time find the right moment to buy, the fluctuation with YFI is found in large scale in very short time period. So make use of the downward market to make use in trading.

[JRoa]

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.

The current market structure of the YFI for me is not good because it has a recent capitulation where the buyers surrender and have a cause inverse momentum where the price are keep going down. The YFI is so volatile and my risk tolerance cannot handle it easily, the risks are high for me but the rewards are also high. Look the chart of the YFI where there are days there where it go up 50% and more. It is really a huge gain if you ride those massive gains in just days.

[Mahdirakib]

This coin price still going down. YFIDOWN and YFIUP is a pair of coin and both tokens price is correlated with YFI price. I don't have experience with this kind of things. In that case it's tough to advise you. But from binance I can see that,

• YFIUP - allows you to generate leveraged gains when YFI increases in price.
• YFIDOWN - allows you to generate leveraged gains when YFI decreases in price.

Source

And binance have also explained the risk of these leverage tokens. Read the part B of this statement carefully. And do what your mind says. Binance Leveraged Tokens Risk Disclosure Statement

[Sirait]

very risky if you choose this trading style.  I recommend choosing other altcoins, for example old coins, such as XLM, Start or XRP for the long term.  because we are approaching the end of the year where BTC will touch the new ATH and that is the moment we buy altcoins when BTC is correction

^ true, it is much better to just invest in old coins that are already very durable. yfi is a token that is full of speculation from the start, looks much riskier than Bitcoin, if you are happy with high risk then it's okay to buy yfi now.

[lkjhg]

don't hold the Defi token for too long, you can regret it later,
just sell when the price hits the target and don't buy when the price goes up too high,
just be safe, because Fomo will be a trap.

[uray]

don't hold the Defi token for too long, you can regret it later,
just sell when the price hits the target and don't buy when the price goes up too high,
just be safe, because Fomo will be a trap.

The name is really catchy, decentralized finance but it is true that it looks like a pump and dump market and if you are holding it too long then you will regret. I am trying my hand of yield farming and lets see how long it can reap the profit and i will not hold for a long time either. I had my experience in the past and i will never repeat the same mistakes twice.

[Silberman]

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!

With such a huge crash of more than 90% you need to ask yourself a question, do you actually think that this coin can recover from such crash? And if so why is that? Only the best coins can recover from something like that, if the coin is based on hype, and I see indications this is the case, then the coin is never going to recover, now I am not going to deny that you could get lucky and make some money with the coin, but the same can be said about investing in bitcoin and the risk is way smaller than investing in this coin.