What do you think about Yfdai ?

[bitcoingape]

Guys recently i have seen yfdai

& it is at 3600
yesterday it was at $3800 ATH

Do you think it will be next YFI?

Drop your opinion, i was thinking weather it will go to moon or rekt?

[CuriousGeorge]

It doesn't seem to be the next YFI. It has limited usability. It can go even higher than this time consider there's not a bearish signal. When it was trading above 5k or 10k and it will be going down again.
This coin is still going to the moon right now. It has not got any correction yet.
We will see that but i will not bet a lot on this pnd coin.

[arabianhorse]

Looking at the market, it is understood that the hype of defi is over at present. Defi coins are no longer pumping in the way Bitcoin is advancing. The defi concepts are comparatively better than the ico concept. Some coins are very good in defi's project. Between yearn.finance (YFI), Chainlink (LINK), DFI.Money (YFII), cVault.finance (CORE), Yfdai. I think it is better to exit the market with profit without holding all these defi projects.

[Coin_trader]

There is no assurance that the price will follow YFI and no one here can guarantee that. Just remember that this kind of investment is very high risk so better to consider that before you invest. DeFi market is slowly decreasing in terms of volume and the only thing why YFI reach that price level is pure hype. There is a low chance that this kind of copy cat project will reach YFI price level on this dying market. It needs another round of hype for DeFi to reach that same price.

[bitcoingape]

There is no assurance that the price will follow YFI and no one here can guarantee that. Just remember that this kind of investment is very high risk so better to consider that before you invest. DeFi market is slowly decreasing in terms of volume and the only thing why YFI reach that price level is pure hype. There is a low chance that this kind of copy cat project will reach YFI price level on this dying market. It needs another round of hype for DeFi to reach that same price.

i was trying to make quick profit here & another reason i,m intersted in this project, almost all the big youtubers have posted gud things about it

[bitcoingape]

It doesn't seem to be the next YFI. It has limited usability. It can go even higher than this time consider there's not a bearish signal. When it was trading above 5k or 10k and it will be going down again.
This coin is still going to the moon right now. It has not got any correction yet.
We will see that but i will not bet a lot on this pnd coin.

Exactly in 3 months only this coin goes around 0 to 3800$ that is comforting factor & i think above 3000 is a must buy

[btc_angela]

Not really sure if this is the next hype of what. But for sure since we are still in the Defi many are going to look at this project to be the next big thing in crypto space. Nothing against, Defi, but it makes investors really look for a quick buck and get rich scheme.

And then we have those projects that are scams or the devs incompetent because as soon as the project release their source code, hackers are very quick to find loopholes and exploits and then they taking millions of dollars from those unsuspecting victims.

[Kong Hey Pakboy]

I am not really sure if this YFDAI could be next after YFI because I am already over with DeFi projects because their hype is almost the same as ICO projects that investors are only investing their money in DeFi projects to take advantage of its trend, and later on after the project releasing their coin many investors will be selling their coin after they gain profit.

[hugeblack]

Look at the Circulating Supply, there are only 4000 out of 21000, which appears to be a clear attempt by the currency developers to make the currency rise in price in a short time (Make it with small supply so any increase in demand will increase the price.)

Any flow in the currency's price or an increase in demand will lead to an increase in the price, but it will often be in platforms that manipulate the price of the currency to make its owners poor.
Be careful of such currencies, even if the price rises, you will find many restrictions that make you not withdraw in time.

[Baimovic]

There is no assurance that the price will follow YFI and no one here can guarantee that. Just remember that this kind of investment is very high risk so better to consider that before you invest. DeFi market is slowly decreasing in terms of volume and the only thing why YFI reach that price level is pure hype. There is a low chance that this kind of copy cat project will reach YFI price level on this dying market. It needs another round of hype for DeFi to reach that same price.

i was trying to make quick profit here & another reason i,m intersted in this project, almost all the big youtubers have posted gud things about it

yes, it's a good move to take quick profits before you get caught up in fomo. I always remind anyone that no matter how good the Defi project is or has fantastic selling points, you have to be very careful. Make sure you leave once you earn enough profit from the project.

[BDBitcoinExpart]

Yfdai defi project is a good concept. In a short time this coin has performed much better. If Bitcoin crosses $30000 in 2021, then the price of this coin will do something more. But it would not be right to hold defi for long time. If you pump well, you have to go out of the market with profit.

[bitcoingape]

Yfdai defi project is a good concept. In a short time this coin has performed much better. If Bitcoin crosses $30000 in 2021, then the price of this coin will do something more. But it would not be right to hold defi for long time. If you pump well, you have to go out of the market with profit.

i was expecting coin was going till 10k if bitcoin crosses even 25k
since as per my observation it have direct corelation with bitcoin

[bitcoingape]

Look at the Circulating Supply, there are only 4000 out of 21000, which appears to be a clear attempt by the currency developers to make the currency rise in price in a short time (Make it with small supply so any increase in demand will increase the price.)

Any flow in the currency's price or an increase in demand will lead to an increase in the price, but it will often be in platforms that manipulate the price of the currency to make its owners poor.
Be careful of such currencies, even if the price rises, you will find many restrictions that make you not withdraw in time.

That fear i also have, but still i can,t deny the fact that it,s price is increasing like anything which is quite gud for making gains & another factor is almost every influencer on crypto industry is talking about him

[Jawhead999]

YFDAI is just another copycat [1] of YFI and DAI (stable coins), the circulation supply is only 4.000/21.000 the token will have pump and dump scheme right now. If the developer increasing the circulation supply, the token will become worthless since getting major dump. I wouldn't be suprised if this token will become deadcoin when DEFI FOMO already over.

[1] https://bitcointalk.org/index.php?topic=5272213.0

[RussianEnglishTranslation]

Guys recently i have seen yfdai

& it is at 3600
yesterday it was at $3800 ATH

Do you think it will be next YFI?

Drop your opinion, i was thinking weather it will go to moon or rekt?

Website is confusing, I prefer FARM, it's highly undervalued and easy to use.

[bitcoingape]

Guys recently i have seen yfdai

& it is at 3600
yesterday it was at $3800 ATH

Do you think it will be next YFI?

Drop your opinion, i was thinking weather it will go to moon or rekt?

Website is confusing, I prefer FARM, it's highly undervalued and easy to use.

Which one mention it, so that i can also make gains, just like it did in this

[bitcoingape]

There is no assurance that the price will follow YFI and no one here can guarantee that. Just remember that this kind of investment is very high risk so better to consider that before you invest. DeFi market is slowly decreasing in terms of volume and the only thing why YFI reach that price level is pure hype. There is a low chance that this kind of copy cat project will reach YFI price level on this dying market. It needs another round of hype for DeFi to reach that same price.

i was trying to make quick profit here & another reason i,m intersted in this project, almost all the big youtubers have posted gud things about it

yes, it's a good move to take quick profits before you get caught up in fomo. I always remind anyone that no matter how good the Defi project is or has fantastic selling points, you have to be very careful. Make sure you leave once you earn enough profit from the project.

At this point, i have made gud profit & hoping for making gud profit again before defi craze is over

[Phoenix_PROG]

Risk only what you can afford to use, DeFi is new tech and new techs are highly risky because anything can happen, to be on safer side invest the little amount you can afford to overlook if things go wrong, the project is good enough but it's not always about use case anymore it's about the team themselves right now

[tvplus006]

Exactly in 3 months only this coin goes around 0 to 3800$ that is comforting factor & i think above 3000 is a must buy

On the current growth of bitcoin, all liquidity flows into btc and, with a slight delay, into the top altcoins. so for now, investors will pay little attention to the defi sector until the bitcoin price growth stops. Therefore, at the current price for YfDAI, I will not buy this token, which may have already reached its high.

[bitcoingape]

Exactly in 3 months only this coin goes around 0 to 3800$ that is comforting factor & i think above 3000 is a must buy

On the current growth of bitcoin, all liquidity flows into btc and, with a slight delay, into the top altcoins. so for now, investors will pay little attention to the defi sector until the bitcoin price growth stops. Therefore, at the current price for YfDAI, I will not buy this token, which may have already reached its high.

At this moment, i think btc will still increase & i am traking yfdai for quite a some time, so i think still it can make quick profit