Post
Topic
Board Altcoin Discussion
Re: Be careful with scam copycats of YFI
by
gabbie2010
on 31/08/2020, 06:13:28 UTC
Just an advice from me to you, do not invest in new YFI copycats popping up on daily basis due to the huge success of YFI. We all saw the surge with YFI price currently above 22,000$ which surpasses BTC price right now. This is causing a lot of FOMO and scammers are taking advantage to launch their own scam coins (YFI copycats). Examples are YFIE, YFIS which launched even without website or team information, yet people still FOMO to buy. Be careful please, just a peaceful advise.
Thanks for your prompt warning here I hope greedy investors or newbies will not defy this warnings these copycats YFI projects will surely surface in bounty section in multiples in days ahead while some might be legitimate a lot of them will turn scam, YFI price is too volatile and obviously difficult to trade or hodl it can also dump massively thus inflicting huge losses to investors who bought at peak.