Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Selina31 on September 01, 2020, 01:55:14 PM
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
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its better to buy some eth, i think YFI is good to move till now but i dont take any kind of risk to buy this. i always looking for eth. this green market you can get profit but think is how to control your loss.
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YFI has had huge increase in last week. Too much for me to feel comfortable. Only 30000 available but what is reason for increase? Dump coming?
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
Not a single moment.
YFI has had huge increase in last week. Too much for me to feel comfortable. Only 30000 available but what is reason for increase? Dump coming?
The increase is really fast, possibly many investors are in FOMO and not thinking the possible reversal of market. I hope price would stay as is and dump won't happen.
its better to buy some eth, i think YFI is good to move till now but i dont take any kind of risk to buy this. i always looking for eth. this green market you can get profit but think is how to control your loss.
Or much better to find another investment that has no issue with transaction fee.
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I am bullish
The thing that is missing is a catalyst in crypto. Something to get normal people excited
2017 was get rich quick and ICOs that excited the masses
Hopefully the next thing that excites people is a bit more genuine and lasts longer
Once the catalyst sparks then we will enter a big bull run like no other
Ethereum has DeFi that is exciting some already in the crypto space but I don't know if it will fomo the masses
Which is why it's leading the market at the moment
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I think that tokens and coins that receive speculative pumps such as YFI should always be avoided. Instead, cryptocurrency investments that follow a more level and logical growth line will be more reliable.
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I missed the train, because I saw the project early but fail to invest. I like the project but won't touch it now until the whole DEFI market correct, this is when we will separate the men from the boys
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Some how to me it is becoming scary. Feeling bubble could come up anytime. The way a token of 30$ went to 32k$ so people that bought at that high price what happens. Hoping it gets to 100k$ ?
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
It has gained even much more, which tells you everything that you need to know. Tokens are soaring high in prices and volume especially when they are DeFi, the hype is immense and there are several who wants to take great advantage of it. Be smart, and do not let the price dump on you. Always do your own research
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Well, FOMO has already taken this period, obviously there may be sudden drop in price. This situation was found in 2017, unfortunately many people incurred huge losses that lead to the highest all time low or price crash in 2018. I am still monitoring the situation and I don't hope to get in yet.
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I think that tokens and coins that receive speculative pumps such as YFI should always be avoided. Instead, cryptocurrency investments that follow a more level and logical growth line will be more reliable.
This is a very risky type of projects. One thing Im sure is that most of the project related to this are all hype. But if you are a high risk apetite guy then you can easily gain profit from it. Many projects has been anticipated to moon but being overtake by these y family hype.
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I think that tokens and coins that receive speculative pumps such as YFI should always be avoided. Instead, cryptocurrency investments that follow a more level and logical growth line will be more reliable.
This is a very risky type of projects. One thing Im sure is that most of the project related to this are all hype. But if you are a high risk apetite guy then you can easily gain profit from it. Many projects has been anticipated to moon but being overtake by these y family hype.
I am not considered a good trader. But it is clear that only crazy people dare to invest money in such projects. :D
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
The cryptocurrency of 2017 excited the masses. There were many investors. Many people worked. Gained much popularity since that time. But a lot of people who have come to the market now know about Defi. There were a lot of sales at ICO in 2017. Not sold now. But launching a defi project is selling a lot. I don't know exactly how it is happening. People are very excited. Once the catalyst is spread then we will not enter any big bull race. Defi is leading the market at the moment.
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it is late already, i don't think it will go beyond the current price and another similar project is on the move. YF11. it forked out of the original coin and already trading at the range of 5000 to 6000k. the success behind the YF1 was the current market situation.
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Yearn.Finance has really made an extraordinary surprise, the price that exceeds the price of Bitcoin makes people curious about the current DEFI program. Apart from YFI, many other DEFI Coins have also increased. However, I only warned myself and my friends to always be careful with the current situation, I was afraid this hype could get people trapped.
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I will not be buying yearn finance tokens because the price is huge and i have not researched about it so i cannot just blindly buy a coin because of rising price. Secondly with the market condition right now we may see a short term market correction.
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Indeed, defi is currently being discussed in the cryptocurrency world, but you also have to be aware of very drastic price developments, I suggest not to be provoked when prices are rising unless you are already investing at low prices.
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
yearn finance so popular at this time I also know the product Defi has the highest price at the moment I think this is really an improvement altcoin to supply a bit at this point I did not dare to invest in YFI because the price was too high especially at risk if the price suddenly dropped and left so much loss really can not deny that an investment has a risk of loss.
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29.97K coins, Very few supply of yearn.finance. No wonder why the price spike so high and timely DeFi trend. I cannot afford to buy this token. One token is equal to $22,207.92 higher than Bitcoin price $10,192 , I think this is just for rich investors.
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its better to buy some eth, i think YFI is good to move till now but i dont take any kind of risk to buy this. i always looking for eth. this green market you can get profit but think is how to control your loss.
My answer is same with your suggestion. Dont look for green market for investment. Look the future project development.
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YFI has had huge increase in last week. Too much for me to feel comfortable. Only 30000 available but what is reason for increase? Dump coming?
The reason for this huge price is no pre ico or sales just mining. Even owner doesn't own any Yfi.
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I missed the train, because I saw the project early but fail to invest. I like the project but won't touch it now until the whole DEFI market correct, this is when we will separate the men from the boys
How did you first watch it or see it.?
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
Those who invested in the YFI token in the early stages of its appearance in July and before the beginning of September have a good profit if it was later fixed. In the last week, we have seen a drop in the price and capitalization of the YFI token. If earlier this token rose to position 20 in the CoinMarketCap table and its price was more than $ 40,000, and its capitalization was more than a billion dollars, now YFI is in 26th place, its price is $ 27,498, and its capitalization has dropped to $ 824 million. It looks like the phenomenon of the value of this token is passing.
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Yearn.finance (https://the Url is blocked due to spam #Cpspam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
Those who invested in the YFI token in the early stages of its appearance in July and before the beginning of September have a good profit if it was later fixed. In the last week, we have seen a drop in the price and capitalization of the YFI token. If earlier this token rose to position 20 in the CoinMarketCap table and its price was more than $ 40,000, and its capitalization was more than a billion dollars, now YFI is in 26th place, its price is $ 27,498, and its capitalization has dropped to $ 824 million. It looks like the phenomenon of the value of this token is passing.
but this token also has quite high resilience, it dropped to $ 18K on 05 but it went up again and even had time to make a record on the 13th with $ 43K , it looks like it's still tough enough to try to move back. whether the current decline will make another increase in the next week?
There are still questions that need to be looked at and the possibility could happen or it is according to your predictions that this token phenomenon has indeed passed.
we will wait the next few weeks whether there will be a good change or is it just a story.
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After months of sustained growth, September 2020 started with a slight fall back down to earth for the volume of finance caught up in DeFi projects. While there may be the reason to believe that the growth of DeFi has been inflated by the lure of hefty returns and excitement of advanced financial services.I think I'll wait, I'll watch at the same time.
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I agree with those saying this rise is not a reason to invest. The rising price in and of itself doesn't necessarily mean a drop is coming but I would be concerned that it just ends up being a bubble. Although it's interesting to see how it has reached even higher peaks since the original post on this thread. I find it too erratic and unpredictable at this point, but I am interested in watching where it goes in the future.
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The YFI coin is a new discovery in the market. The coin has caught the eye of various investors in the market. Those who invested have benefited. Investors have benefited to such an extent that it is doubtful whether they will get any such project in the future. So I think investors have traded a lot for this coin. They are waiting for the price of Yfi coins to rise in the market to be profitable.
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Yes, the growth of defi projects was very impressive in terms of scale, but now everything has gone into decline, but I think that this is not the end.
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This rally of Defi tokens stops at the moment when the price of bitcoin begins to decline. And now we see how in 2 days the price of YFI decreased by 50% as soon as the price of bitcoin reached the price of $10500.
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This rally of Defi tokens stops at the moment when the price of bitcoin begins to decline. And now we see how in 2 days the price of YFI decreased by 50% as soon as the price of bitcoin reached the price of $10500.
Yes, such a sharp decline in prices in the cryptocurrency market, including for DeFi projects, will sober up many investors. The YFI token has risen in value over forty thousand dollars, and now its price is $ 24,626. I see only a positive result in this. It would be much worse if the hype with the skyrocketing DeFi token led to big shocks in the market during its overall price growth in the fourth quarter. The current situation with price correction will only make this market healthier.
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Yes sir it pumps but it will dump to much faster then pump be carefull from defi coins you will rich and also risk is also in defi coins you will come to road hope you understand.
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I don't know why until now I still hesitate to invest in new coins. although there are indeed many good track records regarding this coin, I still need time to convince myself that I want to invest in this coin.
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DeFi is the way to go in cryptocurrency and its a new niche which is good and forward. So the price would ultimately increase in time, since it is viable
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Everything about DeFi is like another hype. I do not underestimate about the DeFi projects because some of them really give very great progress and also projects., But, there is a hug increasing project of DeFi that is offered. So, will it be okay? or like previous ICO or IEO hype? just be sure that we do not only follow the hype but also the analysis.
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From the very beginning, if I knew that this cryptocurrency would rise so much in price, then of course from the very beginning I would try to invest in this cryptocurrency, but now at such price it is too late to do something, so it is better to invest in other DeFi cryptocurrencies.
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defi hype really attracting new investors to invest on their project. specific to YFI I will not waste my money on it now because price is too high and investing maybe too risky . there are many defi project right now so I better move my interest to this coins because it might be next to YFI hype in the future.
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If it is about DeFi, especially YFI, it will be very sur[prisng to see the chart of the price rate. The increase of the coin is very awesome passing BTC so easily. However the question is can they maintain the rally? Or can they survive much longer again?
It will be interesting that something bigger may come or make the rally stops or continues significantly.
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From the very beginning, if I knew that this cryptocurrency would rise so much in price, then of course from the very beginning I would try to invest in this cryptocurrency, but now at such price it is too late to do something, so it is better to invest in other DeFi cryptocurrencies.
Most likely, this is the right decision. Some DeFi tokens, like YFI, are overblown in value. Even the team members of this token say it has no significant value. Therefore, you need to be especially careful with misused DeFi projects.
DeFi projects are a new direction in the development of cryptocurrency, however, the hype around them does not allow us to really assess their prospects and determine the market price.
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At this point in time, I feel like I'm missing another hype. I also missed the growth of bitcoin and decided to invest in it at the very top in 2017. I'm afraid to invest in DeFi,thinking I'll lose it again and it's too late.
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In fact, at the rate at which DeFi first began to rise in price, it seemed that in a few days it would surpass 50 50,000. But the price did not increase to 43k + dollar. However, it is not possible to say what will happen in the future. If prices rise in the YFI front, it will skyrocket. And if it goes down, it will go down a lot.
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Yearn.finance (https://the Url is blocked due to spam/news/price-analysis/ampl-trx-yfi-tokens-continue-to-thrive/) gains 9.18% within the last 24hrs.So are you thinking to invest in it?
At the beginning of DeFi, the projects were successful in such a way that DeFi would be the market capitalization. But at present the price of defi coin has started to go down. Early reigns began, the value of coins that could not be imagined. So I think defi projectors should be priced. YFI prices should be maintained. But prices are falling. The market will change, that's normal.
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All systems are used to improve crypto and that is very encouraging because we know that the crypto market is uncertain so it needs updating but the problem is that every new system appears, irresponsible people roam around looking for opportunities to make instant profits. And this is what happens in crypto every time a system update appears and it can't be eliminated because it's a parasite that hinders the movement for change.
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In fact, at the rate at which DeFi first began to rise in price, it seemed that in a few days it would surpass 50 50,000. But the price did not increase to 43k + dollar. However, it is not possible to say what will happen in the future. If prices rise in the YFI front, it will skyrocket. And if it goes down, it will go down a lot.
Now the price of the YFI token has dropped to $ 22,802. It dropped to 29th position in the CoinMarketCap table because its capitalization dropped to $ 683 million, although it was just over a billion dollars recently. I think this is quite normal, since the YFI token does not represent significant value. This is only a management token, its price cannot be so cosmic. The project was too bloated, now it is bouncing back.
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Everything about DeFi is like another hype. I do not underestimate about the DeFi projects because some of them really give very great progress and also projects., But, there is a hug increasing project of DeFi that is offered. So, will it be okay? or like previous ICO or IEO hype? just be sure that we do not only follow the hype but also the analysis.
I agree that it's important to not just follow the hype but be smart about it. I too am a little wary about it all, I don't know if this constant influx of new coins is sustainable, especially with the scams that pop their heads up from time to time.
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The Hype is already subsided thats why there's no more Defi token rally anymore, in fact, most of Defi tokens price is slowly going down lately including YFI, UNI, DIA and some other, I believe its because the investors are slowly moving out in some Defi tokens after some investors posted their huge losses in social media platforms particularly in twitter I strongly believe that the risk is high in all Defi projects compare to the existing cryptocurrencies, like BTC, ETH, LTC, and other top-ranking coins.
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I think present time DeFi coin is very popularity around the world. Also invest in DeFi project everybody doing love. So I want to fast of all investing in DeFi project.
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The Hype is already subsided thats why there's no more Defi token rally anymore, in fact, most of Defi tokens price is slowly going down lately including YFI, UNI, DIA and some other, I believe its because the investors are slowly moving out in some Defi tokens after some investors posted their huge losses in social media platforms particularly in twitter I strongly believe that the risk is high in all Defi projects compare to the existing cryptocurrencies, like BTC, ETH, LTC, and other top-ranking coins.
totally agree with the opinion you say, that the time has come. do not always get too excited about rushing to determine that something surprising is good, but the truth is reversed.