Quote from: Docbee on Today at 10:15:30 AM

Quote from: 20kevin20 on August 30, 2020, 02:23:41 PM

Just finished writing a post on someone else's thread about it:

Quote from: 20kevin20 on August 30, 2020, 02:19:04 PM

They were smart enough to set their supply to way fewer coins than most cryptos, and that attracted a lot of attention from everyone. If you were to multiply the 30k supply by 700 times (to get to BTC's max supply) and then divide the current price (~$29k) by 700, at Bitcoin's supply it'd be worth $41.5 right now. It's a very very vague calculus but I'm only considering the supply & price/coin.

In other words, it may be more expensive than Bitcoin but do people really not care about anything else besides price at this point?

As you are a Newbie, I would highly recommend you not to jump straight into the pumped coins if you're contemplating to. YFI may be $100k in a week or .. $1k. Volatility is a thing. You just don't know, and the timing is imo very risky right now. It's been a long time already since it's been very bullish. Coins that have really hard pumps usually have a period where the hype bursts out, and the price almost always follows. Therefore, just be careful when investing and make sure you don't get yourself screwed up by false hopes.

I strongly support this. Honestly, there is a kind of manipulations with this YFI. A friend of mine called my attention to this some days ago, he said I should invest in it. I was still weighing my option of doing that or not. I just don't want to be a victim when the whole thing burst all of a sudden.

I actually tried to swap some USDT to experiment with the yearn.finance yesterday but I'm not sure what to do after going into their yearn website. I don;t know what to do. The hype is yet not over though so I might just buy a fraction of it jsut to try if I can profit. It grew so fast it coul double the value by next month.

Somebody must have figure how to confuse investor now which one should they be going wether to BTC or Defi project. Grin