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Author Topic: Bitcoin vs YFI  (Read 7806 times)

Offline Mexite

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Re: Bitcoin vs YFI
« Reply #30 on: November 21, 2020, 10:40:27 PM »
Bitcoin is the poster boy of cryptocurrencies. Anywhere in the world where crypto is discussed, it's always about Bitcoin. YFI is just a successful DeFi token but only time can tell how widely it would be adopted and accepted.
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Re: Bitcoin vs YFI
« Reply #30 on: November 21, 2020, 10:40:27 PM »

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Offline Dociko

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Re: Bitcoin vs YFI
« Reply #31 on: November 21, 2020, 10:43:47 PM »
Even if the price of YFI is higher than Bitcoin, it will never be able to replace the popularity of Bitcoin. YFI is still more expensive than bitcoin. Bitcoin is widely used by businesses and industries around the world. This is the most well-known worldwide, used as a medium of trade and commerce.

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Re: Bitcoin vs YFI
« Reply #32 on: November 21, 2020, 10:48:30 PM »
BTC is currently having momentum to move to $20k and its fast approaching to that level while yfi still at the highest price vs BTC.   ufo was fallen after over $40k previously. I think both has big potential to give huge profit to whoever invest into this currency.
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Re: Bitcoin vs YFI
« Reply #33 on: November 21, 2020, 11:10:58 PM »
Bitcoin is at the top in terms of currency usage and popularity. There is a lot of demand for the currency in the market. However, as the total supply is high, the price of Bitcoin is in a good position. However, the current YFI has exceeded the price of Bitcoin. It is unknown at this time what he will do after leaving the post. However, the total supply of ‌YFI is much less. So the price is higher than Bitcoin.
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Offline sampoerna

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Re: Bitcoin vs YFI
« Reply #34 on: November 21, 2020, 11:21:50 PM »
Bitcoin is a worth coin that we really know how the struggle from zero to hero and its down to earth in years ago. And about YFI, this is a like-instant coin with a very significant high increase only in some months. But personally, whatever the facts, I really love BTC much more than others  ;D

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Re: Bitcoin vs YFI
« Reply #35 on: November 21, 2020, 11:30:05 PM »
Bitcoin isn't comparable with YFI because YFI isn't proven yet, it is a new coin. It is still better to compare Bitcoin and Ethereum, still makes sense for me. I know that YFI is a good coin, but how to call it is a trusted coin, it should take more time to show its quality for all crypto users. Let's see how good YFI can survive and show its best performance in the next few years, then we can state it is a trusted coin if it can survive and continue to develop.
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Offline Tanimariya

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Re: Bitcoin vs YFI
« Reply #36 on: November 21, 2020, 11:57:01 PM »
Bitcoin is the most popular among YFIs. Bitcoin is much more popular all over the world. The coin is much better for long-term retention. I think Bitcoin is the best on people's list of best investment choices. The Bitcoin currency will show even greater results in the future.

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Re: Bitcoin vs YFI
« Reply #36 on: November 21, 2020, 11:57:01 PM »


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Re: Bitcoin vs YFI
« Reply #37 on: November 22, 2020, 02:05:32 AM »
Bitcoin is a worth coin that we really know how the struggle from zero to hero and its down to earth in years ago. And about YFI, this is a like-instant coin with a very significant high increase only in some months. But personally, whatever the facts, I really love BTC much more than others  ;D
I agree with you, Bitcoin is built not with hype like YFI, bitcoin is built with strong fundamentals, blockchain technology and amazing community,
while YFI I did not find anything special about this coin other than hype and maximum supply which was very little.

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Re: Bitcoin vs YFI
« Reply #38 on: November 22, 2020, 09:11:06 AM »
Now Defi reduce his fame so YFI will be expected to follow then.
Well, since from the start of the Defi system it gives me a less(particularly no) interest in them. Maybe it was a big surprise how it gains popularity in a very short period of time but sadly, it takes a short stay and loses its momentum. Early investors have their huge gains but I'm not sure how it happens those who come late while the market is on the peak already, I'm afraid if they are suffering losses after. I support always bitcoin. It is definitely risk free investment. But always mind it bitcoin investment is long-term investment, You will get success by it.

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Re: Bitcoin vs YFI
« Reply #39 on: November 22, 2020, 10:21:54 AM »
Some time ago, DeFi has become very popular, one of which is this YFI. However, I stick with Bitcoin. And in my opinion, it is difficult for YFI to compete with Bitcoin. from sales volume alone, YFI has lost a lot. Especially compared to other aspects such as quality and evidence of survival.
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Re: Bitcoin vs YFI
« Reply #40 on: November 22, 2020, 12:03:30 PM »
^ I think comparing Bitcoin and YFI is not an Apple to Apple comparison. YFI's price is purely speculation whereas Bitcoin is not, I never believed it was real there is an erc20 based token which is more expensive than Bitcoin.
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Re: Bitcoin vs YFI
« Reply #41 on: November 22, 2020, 01:18:31 PM »
indeed at first I was surprised that YFI's price could be so high it even exceeded Bitcoin. I think YFI will be able to compete with Bitcoin. However, it seems that after YFI's price fell, and is now below Bitcoin in a short time, I doubt YFI will be able to compete with Bitcoin.
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Re: Bitcoin vs YFI
« Reply #42 on: November 22, 2020, 02:08:54 PM »
We all know here that all coins under by defi are based centralized system while Bitcoin is not.
And given the fact that YFI surpassed Bitcoin in terms of price in the market, it doesn't mean YFI defeat Bitcoin.
Of course not, when it comes to stability and a big community it is still Bitcoin remain number one and hold the
title of being Father of all cryptocurrency.
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Re: Bitcoin vs YFI
« Reply #43 on: November 22, 2020, 05:18:16 PM »
Well I don't think YFI  can surpass the popularity of bitcoin even if had it's own wallet. You know YFI is a new token and also it doesn't mean that the highest price determined the popularity, YFI has a low supply and I think it can easily manipulate by the early buyers.


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Re: Bitcoin vs YFI
« Reply #44 on: November 22, 2020, 05:37:05 PM »
Bitcoin is much more popular than other currencies. There is a lot of demand for Bitcoin in the market. Bitcoin users are scattered all over the world. As a result, Bitcoin cannot replace any coin. A new coin in the market is YFI. Its value is much higher than Bitcoin. However, the Bitcoin currency will never be replaced in the market.

 

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