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Author Topic: Bitcoin vs YFI  (Read 8554 times)

Offline Nostoman

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Bitcoin vs YFI
« on: October 24, 2020, 09:59:19 AM »
Bitcoin:
Bitcoin is one of the most popular currencies in the market. It is likely to be recognized as a universal currency of the future. Bitcoin is traded in almost all countries of the world. O I think no currency will come in the market to replace the currency. Has its own blockchain wallet. As a result, Bitcoin is one step ahead in terms of popularity.

YFI:
The token costs a little more than Bitcoin. But not as popular as Bitcoin. Because the token was created around the ETH platform. So there is no question of Bitcoin moving to the top of popularity. eth ranks second in terms of popularity in the market. But if the token had its own wallet, then I believed that Bitcoin would surpass it. But tokens based on the ETH platform will never be able to replace the Bitcoin blockchain.

Explain your opinion here .
« Last Edit: October 24, 2020, 10:01:36 AM by Nostoman »

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Bitcoin vs YFI
« on: October 24, 2020, 09:59:19 AM »

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Re: Bitcoin vs YFI
« Reply #1 on: October 24, 2020, 11:46:11 AM »
obviously both of them are currently the topic, bitcoin is already well known, but YFI came and made a surprise that the price could exceed bitcoin and this clearly made people ask questions because it was clear that the new system from defi itself could surprise us.

but what is needed, of course, remains that the most decisive trade of the two tokens and until now YFI has not been able to match bitcoin. In fact, I also doubt that YFI will last for a long time at a good price.
because usually those who come and with a sudden surprise are sometimes not based on a proven foundation but can only make a surprise. we will see developments at the end of this year, we can be sure that bitcoin will continue to move and will leave its rivals.
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Re: Bitcoin vs YFI
« Reply #2 on: October 24, 2020, 11:49:55 AM »
in my opinion Bitcoin remains number 1 as a digital currency that is known to many people and even the presence of YFI cannot replace the popularity of Bitcoin which has dominated the market. YFI can be an option to invest in other than Bitcoin and Ethereum
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Offline jet

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Re: Bitcoin vs YFI
« Reply #3 on: October 24, 2020, 01:58:51 PM »
i wont buy the idea of YFI to surpass bitcoin. its just a hype that created to surpass the price of bitcoin but at the end it wont even close to btc adoption and popularity. BTC is way far from FYI and i dont think yfi can match up to BTC even after several years.
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Re: Bitcoin vs YFI
« Reply #4 on: October 24, 2020, 02:29:35 PM »
Bitcoin vs YFI i think if you want big profit you have to buy YFI and also to much risky if bitcoin touch 20k YFI will touch 40k that difference go buy YFI.
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Re: Bitcoin vs YFI
« Reply #5 on: October 24, 2020, 03:38:05 PM »
obviously, bitcoin to popular in all circles bitcoin so a good investment and have a lot of investors around the world and has become a trade that has the highest volume while YFI is coin new and has a fairly high price because supply is a little quite a surprise for this year for investment and the price was the very high price but this Defi project has also been down over time.
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Offline edmundo

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Re: Bitcoin vs YFI
« Reply #6 on: October 24, 2020, 08:59:35 PM »
The YFI project isn't comparable to bitcoin and shouldn't even be mentioned in the same breath as bitcoin. YFI is majorly built on hype and the emotions of people while bitcoin is shoulders tall above any cryptocurrency. The current noticeability and recognition bitcoin enjoys is next to none and will continue to be so. YFI will continue to be a pump and dump token with no actual use case.
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Re: Bitcoin vs YFI
« Reply #6 on: October 24, 2020, 08:59:35 PM »


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Re: Bitcoin vs YFI
« Reply #7 on: October 25, 2020, 03:25:48 AM »

Actually, there should be no comparison between the two as they are of different category though still belonging to the world of cryptocurrency. This is just like an apple and a guava. The main reason why YFI came into focus because of its soaring price that largely came about because of its very limited supply -- just 30,000 as compared to BTC's 21 million max. However, we know that its rise is also due to the sudden popularity of DeFi which is now slowly waning. Once the fire is down, let's see where its place is. At the end, it will still Bitcoin winning the race, if there is one really.

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Re: Bitcoin vs YFI
« Reply #8 on: October 25, 2020, 05:00:28 AM »
Bitcoin:
Bitcoin is one of the most popular currencies in the market. It is likely to be recognized as a universal currency of the future. Bitcoin is traded in almost all countries of the world. O I think no currency will come in the market to replace the currency. Has its own blockchain wallet. As a result, Bitcoin is one step ahead in terms of popularity.

YFI:
The token costs a little more than Bitcoin. But not as popular as Bitcoin. Because the token was created around the ETH platform. So there is no question of Bitcoin moving to the top of popularity. eth ranks second in terms of popularity in the market. But if the token had its own wallet, then I believed that Bitcoin would surpass it. But tokens based on the ETH platform will never be able to replace the Bitcoin blockchain.

Explain your opinion here .
I corroborate what you have shown to your writing. This is true YFI token is created by the ethereum platform and bitcoin has it's own wallet so how can i say that YFI is better then bitcoin. Other wise the bitcoin acceptance popularity is the better then YFI. I think there is no way to highlight YFI then bitcoin. 
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Offline Jawahara

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Re: Bitcoin vs YFI
« Reply #9 on: October 25, 2020, 03:53:07 PM »
The two assets are miles wide apart. I don't see any of the yield assets as a competitor to Bitcoin nor them lasting that long within cryptocurrency.

Offline Hope4life

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Re: Bitcoin vs YFI
« Reply #10 on: October 25, 2020, 05:31:54 PM »
YFI is totally different with bitcoin. Bitcoin is a crypto project that has been around since 2009 and remains king until now whereas YFI is a hype project that has recently become famous. Even though the price of YFI is higher than bitcoin, the market cap and supply are both different.

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Re: Bitcoin vs YFI
« Reply #11 on: October 25, 2020, 05:55:26 PM »
The YFI token has never actually been and never will be a competitor to bitcoin. It became widely discussed only thanks to the hype surrounding this project and its inflated price increase. However, the YFI token will not even have similar popularity. At the peak of its price, it had a capitalization of just over one billion dollars. Now the level of its capitalization is 434 million dollars and it is unlikely that the YFI token will be able to reach the same price and the previous level of capitalization. Unless it can reach the previous level of capitalization with very good growth in the cryptocurrency market. However, it will not reach its previous price over forty thousand dollars.

Offline @chison

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Re: Bitcoin vs YFI
« Reply #12 on: October 25, 2020, 06:04:47 PM »
YFI is not the first coin to cost more than bitcoin
 Built on DEFI concept I see YFI fading away as so many coins are competing with YFI.
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Re: Bitcoin vs YFI
« Reply #13 on: November 21, 2020, 06:37:13 AM »
The YFI token drew attention to itself with a fast and very high price growth, having risen in price to more than forty-three thousand dollars in two months of its existence.  Then it also suddenly dropped to eight thousand dollars, and now it is slowly rising again in price, again overtaking Bitcoin.  Now the price of the YFI token is $ 26,703, and the capitalization is $ 800 million.  Of course, the YFI token cannot be compared to Bitcoin, even though its price soars.  Great things are seen at a distance.  Let's see how YFI will behave after a certain time.

Offline naitik01

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Re: Bitcoin vs YFI
« Reply #14 on: November 21, 2020, 06:55:15 AM »
Bitcoin has become the world's famous currency, which is being used all over the world, while the development of YFI has not yet become so popular. Nobody has the break of bitcoin right now.

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