/biz/ - Business & Finance

I see it going to $7.50

>>22620819
yeah it's going to $5 for sure.

>>22620819
Imagine being the guy who bought this at $70.. haha lol totally not me

Listen here kid YFV is going to the moon. Wait what wrong y folk ahhh you’re fucked kid, bet you won’t do it you p word. #LoGang Pake Jaul 4 Lyfe it’s every day bro with the n word flow

>>22620819
Slow and steady loses the race. Totally redundant in a world of yEarn and Uniswap. It's going to nothing. You might enjoy one last pump to $15 or something, but make sure to sell. This isn't reverse psychology or some crap like that, I sold this shit yesterday and already tripled my money that was doing fuck-all in YFV, thanks to UNI.

>>22620900
checked muh nigga
also this will 10x from here

fuck whoever shilled this garbage

>>22620895
>haha lol totally not me
Haaha, yeah i know an anon like that, what an asshole....fug

So what's the deal, this coin was $70 plus and you all fomo'd into it?

I just staked in the link value pool and have 7 of these. Pretty comfy desu.

>>22621677
Started when the pool opened, already have 14. Brrrrrrrrrrrrr

>>22620895
lol i know right who would make such a rookie mistake...

I thought I bought the bottom... lol

What is this coin? No, I'm serious.

Every announcement, every thread, there's some dude giving out hopium saying so and so is finally going to incentivize the price and once it finds stability it will pump and every single one of these gets a bunch of (you)s praising him and the coin does nothing but dump and dump.

My count for these guys are up to at least 20... Idk... might've been the greatest coordinated scam ever...

>>22621986
not a scam, anon. just a genuine YFV support group giving each hopium and making sure no one ropes themselves

>>22622042
>support group for a 95% drop
Really? I think they're just a small group of farmers trying to delude the last few poor fucks who bought at the top to stay in so they can get a few quick dumps in before everything dries up.

>>22622042
Interesting mix of farmers and buyers, where the farmers don’t put down the buyers and bag holders, all the while continually dumps on them. Yfv threads are communes.

>>22622098

A lot of farmers were stacking to hold as well. I have just over 1000 that I almost entirely farmed because of pic related. If the team actually succeeds at their vision it will be comfy as fuck passive gains. The Governance token is legit better than even YFI in terms of the value capture metrics they are trying to implement. The inflation for the pools has been dealt with and the staking in the Governance is going to be much more profitable than selling

>>22622098
>>22622167


when you put it like that, as a non-farmer, I do feel kind of rekted. My stack is 85 @ 17 $ average. Still time to get out?

The only reason I am still sticking on since my gains are not going to be substantial by farming or staking is the team's clear line of communication and sticking to the committed roadmap

>>22622207
Wtf my image is for ants

I bought at $72, 48, 28, 27, 20, 18, 14, I've just deluded myself all the way down that I was buying the dip, I'm a fucking idiot, if this doesn't recover I don't know what I'll do.

>>22622209
I farmed and held until I moved on but now I’m back because even tho this shit has dumped as much as it has the devs are still here and the whales are still farming, people are still buying. If I was you I’d stake what you have and make your difference back.

>>22621986
>>22622098
Yea hey what’s up it’s me. I’m the guy who is distributing Hopium like a San Franciscan Street Shitter.
First off, I sold link at $13 to go all in on this. Not seeming like too bad of an idea. Also sold my Bitcoin because I have undergone many scams, I have many Digital graveyards in my Metamask from generations of crypto made obsolete, that are now just stupid numbers in a wallet with no meaning to anyone (Litecoin, for example). I’ve been scammed a lot.
Even YFV has some really decent voices saying it’s a scam:
https://youtu.be/N7KcLo9lzOw
The truth of the matter is that I’m here spreading hope because, yes, I’m a top 50 whale of YFV, but I’m also very discerning.
So discerning that I realize the above YouTube video is talking about things like SUSHI, where the devs scam & exit, leaving a huge dump. Whales are doing that in this project, but the devs are not. There is a big difference, since the devs are creating a playground of sorts where all types of people interact and gain interest on this coin. The sell off is actually not by the devs (as far as I know), but by people using and enjoying their protocol — albeit at the cost of others.
It’s a nice balance between whale, holder & stakers. Each group has to lose out at some juncture and they all have, desu. I interact with the whales on this forum literally telling me they are fucking the price on purpose. That’s fine because it’s truly a finance defi governance token, and we have made the amendments to make this system work.
See:
>>22622207
>>22622167
>>22622238
>>22622281
>>22622289
It’s a great mix that’s worth pondering. Imagine actually getting 197% APY in your crypto? It’s unheard of. Moonshots are VERY hard to time, this is a crypto trader’s dream.

Ya dig?

Well I initially bought around 70 at 65 bucks, but didnt have enough to stake, so I sold most of it and bought BAT to farm.

All in all it saved my ass, as BAT is a stable coin, and if I didn't sell and go into it my portfolio would be dead from the money I had in polkadot, iexec, and bzx. Made about 25 yfv off of farming, gonna iron hold for shits and giggles, just got lucky bobo didnt fuck me as hard as stakers.

The price is dying because the token is not needed and it was created as a defi bubble yield farm yclone token where the market demands results NOW. This is moving at a turtle's pace (relatively) in the space it picked via naming and marketing. I bought 10 at $27 and farmed 10 with my now sold BAT (piece of shit) stack.

This coin still *could* recover, but there's no way it's the next YFI. I do actually believe some of the damage is irreparable and I would be surprised if it ever sniffed triple digits. It's just a slow, unknown at this point where it's going to keep bleeding or stagnating unless the changes actually work and do something. If you're down big on this, is there really anything else to do but hold? I'm holding my meager 20 because who cares about $250, kek. I'm sorry to anons that bought in high trying to chase the dream and I hope you're okay frens.

The returns it’s promising are unheard of. If you want low returns with less risk go buy YFI. Nut up and farm anons.

>>22622739
what more do you want lol. 400% APY. vUSD is selling for around $0.7 atm. Already profited in.

Best part everyone is so fucking stupid. They opened the Governance Vault and everyone BOLTED for it. Left the v2 pool open for 7 days and the profit on it is disgusting. Best part is no one else can even join it again because it's closing soon. Got 3 more days of farming this shit. If they x10 the vUSD in everyones wallets I'm gonna dump on you cows so hard because that's what you deserve for being retarded.

>>22622739
What's sad is things were going well until the team decided to tinker with the formula. Were whales constantly dumping? Sure. But the price was holding steady even as ROI diminished. v2 was slowly growing. Governance vault would have slowly grown as interest rates slowly declined
This botched switch to VALUE basically incentivized everyone to exploit the fuck out of it and then move on. Not to mention a good deal of the value of YFV (the token) came from the fixed supply
I'm not rekt because I never bought a ton of YFV. I was about to, then the 9/11 announcement came. There was already so much going on, so much more than the pop-up scams. Then they had to go and spook everyone away. Good call by the team to remain anonymous, btw
Oh well. Like they said at SmartCon, everyone in the space benefits from the failures because we all learn what not to do. We're all in this together. September was won by the anons who won went into Uniswap, NYAN, Pickle. Hopefully next time it's us boys

>>22622962
>Left the v2 pool open for 7 days and the profit on it is disgusting
I completely fucked myself here

it has underperformed thats for sure but i doubt it will dissapear or go to zero. Something like this should rightfully be at least in the 200 million market cap without any hype.

You will be able to exit with a gain relatively soon if you bought at 50 or lower (soon being within a week to 2 months), but im not sure this has the "going to jupiter yfv=$1000 hype people started with.

>>22623109
Even with all pools moving to VALUE there’s 300 million locked up. If people think it’s over, they’re wrong.

>>22623022
Just don't follow the fucking idiots in the Discord and Telegram. They don't know what the fuck they are talking about. I wish I could the people behind such idiocy.

>>22623109
I think so too. Don't expect no moon mission but 200 million market cap sounds about right to me too. They need a complete revamp of the website and the brand for $1billion +. Oh and they need to show they can keep vUSD and vETH at 1:1. Warning to all you guys, if the vUSD and vETH they have has reason to be there within the next month get the fuck out of here. That's what this whole project is pretty much leading towards. They say they have big plans for it though and the APY is pretty decent atm though so we'll see.

>>22623159
>if the vUSD and vETH they have has reason to be there within the next month
What do you mean by this?

>>22623193
if there is no use for vUSD and vETH which there NEEDS to be since there are rewards for that but currently no use for (basically would be printing money) then sell your YFV because it just seems to be going nowhere then.

>>22623159
I amd dumb, i switched right when it was available thinking it would pay better and within a few hours i realized i was very wrong. You seem to actually know what is going on, what do you think vusd will rebase to? Will it be $1 for 1?

Eventually after the full supply of VALUE is distributed, it'll all be vUSD and vETH rewards. I'm assuming vETH will be locked to ETH's price on a daily basis, and vUSD to $1 obviously. I'm not sure if they picked an oracle provider yet.

>>22622598
Listen to this moby dick ass anon. This is what crypto is about, play the right hand and make consistent money. The devs sticking around is a big plus, i’d’nt be surprised if the devs started a new project one day taking what they learned with them and I’ll be right behind them farming the fuck out of whatever it is.

>>22622962
What do I want? For the token to be $1000 EOY obviously. But I actually just want the token itself to have a value and ideally around $50 so I can cash out $1000 and feel good. Dump away anon, idgaf about my poorfag vUSD scraps

>>22623297
Couldn't tell you bro. Some people swaying x10, some people saying x100. I legit don't know. Yes 1:1 is what they're going for. Last time I checked it was around $0.7 for one vUSD and the liquidity was there so that's good.

>>22623432
It has a value. And the farming has an even better value. But that kind of stuff isn't for you anon.

Just sold everything and bought UNI at 5$.

I feel fucking free. Never again.

>>22623575
You do realize UNI will start liquidity mining... right?

>>22620819
Y clones are scams to start with. y do they use Y ? simple get on hype and dump on you.

did vitalink used btc hype and named it like BETH or does sergey used ETHLINK to use hype , no. but Y closes using? think , to simply grab u r money and let you bag hold forver

>>22623552
If I sell all my other coins to buy 95 of these today will I be able to mine with that for a while? Can you elaborate on the process a little?

>>22623552
It's absolutely not for me, you're correct. I'm fine with that. I want to exit yield farming entirely, invest in some projects I believe in, and stop wasting my time in pajeet telegrams and autist discords.

>>22623552
>Couldn't tell you bro. Some people swaying x10, some people saying x100
X10 sounds good, on a thread a few weeks back i was asking what i was staking for less than 10 bucks a day and anons said i was retarded and vusd would rebase at least 10 for 1, probably much more. I hope is true...otherwise i will have lost totally, not only in yfv loss in value but just in gas entering into and staking...

>>22623644
You can mine with it forever anon. But the problem for you my friend is that 95 is such a small amount that you will get fucked in the amount of GAS fees you have to pay. So because you invested a smaller amount your YIELD is less but then on top of that you have to pay so much GAS.

For a whale this isn't a problem. He is farming $2k worth of crypto everyday with the more YFV he gets. The GAS isn't a problem for him because he just earns it back with the hour. And then on top of his profits he is hoping that the value of the actual coin goes up too.

So the main reason why there is such a huge dump atm is because YFV is such a risky coin to keep. People were farming the insanely high yields, around 1k% + at some point, they took these profits, got out then dumped. Moved to the next one.

>>22623757
whats the staking yield for 1500 YFV?

>>22622281
You're not alone. Thankfully I didn't go all in but it's not nice being down by this much. I genuinely thought it was going to take off so I didn't farm. Lesson learnt, I shouldn't trust myself with these things because I always get fucked. Would be nice if we could see $50 eom I would sell everything in a heart beat and get out of this shit. Bagholding this is torture.

i need for it reach 38 to break even, but im not sure if i will wait to sell higher or stake my 1500 YFV or just break even and leave.

>>22623845
just do the math anon. Check the returns on whatever pool you wanna stake in, 1500 YFV is enough for short term farming profitability though for sure. Quite lucrative actually,

BTW just to clarify. If you have a smaller stack it's not that you can't make money from it. You just have to be in it a bit longer to cover the GAS fees.

>>22623845
Depends on the pool. I have almost 1000 in the Gov pool and it's like 1.5 VALUE + 15 vUSD per day. So somewhere around $33 per day. Will be higher once the buybacks start.

>>22622962
I'm still in the v2 pool earning close to 10 vusd a day. Hopefully this vUSD shit does something

I have a poorfag stack of 80 odd. Just going to stake it in the Gov vault and forget about it for a few months

I am hoping the price goes up to somewhere around the 30-50 USD mark in that time which would make the returns more reasonable for what I am staking

its actually a legit project and the devs are very competent, but easy for me to keep holding and staking my 96 stack because im free rolling since I bought 300+ at $12 and sold most of it above $60. just learn from this anons, dont buy a coin that is up 7x in a week and closing in on top 100. the dump ALWAYS comes.

>>22623611
Why would I want to hold a shitcoin thats 5$ a piece and mines .2 of a month when I can buy the real deal up front and reap in the gains?

>>22623159
The vUSD and vETH rebases get me hard though

>>22624300
What I am saying is that UNI will be dumping about 100,000 tokens on the market every day by yield farming. Look at YFV as to what happens next.

>>22624010
I have 150 yfv usually a week and a half covers my gas fees. But i’m planning to go balls deep by selling my whale rlc stack

Is staking in the governance vault with a small stack of 80 worth it in the long run?

>>22624687
I feel like a lot of people may be planning to move into this as they see it prove itself to be a similar but not equivalent version of YFI

I bought in at $20.
I bought more at $30.
I bought even more at $40.
I held till $80.
I had $25,000.
More money than I ever owned in my life.
I did NOT. FUCKING. SELL.
I now have less than $8,000.
Fellow poorfags, can you understand this feel?

>>22620819
Unironically the first AMPL like mechanics that are interesting with the vusd and veth

At this point it looks like it's unironically over. There would need to be a god damn miracle to reverse price action.

>>22625086
Not really though. Almost all pools are starting to emit VALUE. VALUE's supply will be fixed, we know this much. The faster it moves away from YFV the better.

>>22625222
Checked, but there's no market for VALUE. I know, I know, "muh value liquidity pools". We have yet to see it, and even if we DO see a working product, there's still the same degree of emission as YFV for another 6 months. Ironically emissions are practically doubled for a week due to the overlapping epochs.

>>22625315
Yeah we will see, but the way they are setting up the Vaults with burns and buybacks will help a lot. I think we are going lower though, and I can see a lot of people not wanting to wait.

>>22625460
Didn't intend on it but I'm in for the long haul. Locked in at $40 average with gas fees factored in.

>>22625688
>>22625460
>>22625082
>>22625042
>>22624994
>>22624687
>>22624667
>>22624615
>>22624300
>>22624046
>>22624010
>>22623931
>>22623917
>>22623757
>>22623683
Ye honestly it sucks the predicament we are in but damn these threads are comfy. Must be like being in Salez, camping or the military... when you go through hardship together there is a common bond you form real quick

>>22626066
Misery loves company

>>22626066
>Reply
I had feels.

IT's not hard to make friends, anon. But I feel you, I'm the same way, too.