/biz/ - Business & Finance

>ICO

Traceable, required real money to pump price

>Defi scams

Not traceable, leaders are anonymous, very easy to make the market cap whatever the fuck you want to it be, just enter a number and BOOM. That's your new market cap, then rug pull whenever you want.

>>22753089
They both mainly require ETH though, and at their core, it's exchanging ETH for a token you hope will outpace ETHs growth. As long as you don't get rugged (which is getting more rare as these projects legitimize), I don't really see the difference.

As scammy as they are they do make money if you play them right. I just drop a couple ETH into each one and take profits aggressively as it pumps. YFMB is the next play I want to hop on, check them out. They actually have a real website and contract for the pre-sale.

gg/C7EWHAR

>>22753277
Already interested and in the discord, thanks. Although I'm still looking for opinions on the impact of these defi projects on the eth ecosystem as a whole. Defi is doing a number on eth and making gas fees insane, is that going to open up a chance for a better blockchain platform to step in?

>>22753277
Thanks, do they have a telegram?

>>22753052
Theyre not sustainable and are literally useless besides getting the devs rich. What happens after farming? Nothing. Later this week I will shill the best play of Q4.

>>22753277
>>22753343
>>22753476
Obvious discord trannies. KYS fucking faggots.

>>22753516

literally useless is what people said about chainlink, RLC, noia, and polkadot

every project has to start somewhere. the real ones will make it

>>22753476
Just look in the discord. Its all right there

this does feel a bit like 2017 with all of these Yclones popping up left and right. however i don't think it will have that great of an impact on the price of eth like the ICO bubble did back then. it's crazy to see a bunch of biz fags make a life changing amount of money within a few days. i missed the opportunity with YFI and sold too early on Ymax (only got a 2x). I'm trying to keep in the loop with the next yclone that gets shilled here. if i learnt anything from lurking on /biz/; it's to never underestimate the power of autism when it comes to making money. also the fuck is YF Moonbeam? seen a couple threads of it being shilled but haven't looked into it yet.

>>22753343
Look at DOT. It's in pole position to replace eth for defi stuff, also use some of these YF projects (i.e. the ones built on dots moonbeam protocol) that don't rug to assess the robustness of dot's blockchain.

I'm betting heavily on DOT, because if it flips ETH, I'll be rich beyond my wildest dreams - and if not, I'll still make cash on the defi projects along the way.

>>22753609
Just got to treat them as gambles and only throw what you are willing to lose. Been burnt a couple times but overall made a shit ton. I wil play this moonbeam shit like all the others now.

>>22753609
Presale on YFMB in 2 days nigger
Get in or stay poor

>>22753837
Why you gotta be racist

>>/pol/ please

Uniswap is sustainable. Check the revenue at tokenterminal.xyz

Uniswap 1h is a piece of art. $20 by end of October. boards.4channel.org/biz/thread/22753855

>>22753837
I'm with you senpai. YFMB gonna pull an easy 10x, see you at the citadel

>>22753814
yeah i've been doing that as well. i made a really nice amount the past few days, but i feel greed kicking in. think i'll play it safe and only put in 4-5 eth into it like i did with Ymax. the YF Moonbeam discord seems alright. the devs seem to be super interactive with the community which is neat.

>>22753052
They will dump harder than bitconnect once link gpi/swift goes online

This defi bubble annoys me because when it pops, if it hasn’t already, it’s going to drag down Eth, thus BTC, thus every other legitimate project within the crypto sphere. The entire market is speculative and produces essentially zero value at this time. This in of itself is not a problem, however; as it relates to defi, it’s concerning because there’s no reinvesting of staked capital into firms that produce tangible goods or services (value) as there is in the traditional market. Currently all defi does is circulate a fixed supply of stable coins around and ‘round in circles, but mostly in the direction of dumb money to ruggers and savvy whales. Obviously this is unsustainable, and once a critical mass realize that the sum of their accumulated yield interest is worth $0, we’ll see a nasty correction. I worry that the stock market dumps may have hosed defi too early, before people could really learn their lesson. Will probably pick up steam again if March 2.0 fails to occur.

>>22754580
Just got to play what is happening. Ride these Y cycles and tether up once it pops. There are no real "legitimate" projects in crypto. Make your money and get out.

>>22753277
Thanks. I think I will try my luck with this one

>>22753277
Probably the least shitty looking one here in this sea of shit

>>22754724
smart man

>>22754108
If you can afford to lose that, then go ahead. A lot of people have gotten burned in the past just like what >>22753814 said. I personally am going to be throwing in 2 at most. That’s what I can afford to lose and not won’t lose any sleep over it if I do.

>>22753052
Honestly, YFMB will probably just do the same shit YMAX did. Everything keeps repeating itself.

Most of these are scams, just need to be able to hop out as soon as there is a good profit. The only people losing right now are those getting overly greedy and sitting on their 10x until it drops below their buyin.

Only YMAX has a legit partnership recently announced. YFBeam site is made in wordpress lol

>>22757372
That was last weeks coin, everyone is hoping in on YFMB now.

>>22753052
>>22756303
>>22756343
>>22757033
>>22757372
>>22757770
AIRDROP RIGHT NOW AT
TELEGRAM: TOYEETORNOTTOYEET

>>22753277
Just got myself a bag of this now. Thanks for the shill

>>22758046
How? The presale isn't for 2 days

Check out YFO, it's an index fund for the YF clones with governance attached. Rugproof. Gives you exposure to YFs while reducing the risk of making a bad pick. It's the smartest play in crypto right now. Imagine if YFs moon again this thing will have millions in assets in a few weeks

>>22758816
I dont umderstand the value here. Money keeps moving between them in cycles and you never want expose to one for too long. Just play the PnDs

>>22753089
This

>>22759385
Personally believe that money will flow back to yfi, YfII and maybe yfb but more importantly, the holders can all vote to change strategies. It's more clever than you might think

>>22759525
People voting to change strats.just seems to slow. The way these Y clones play, you want to be in and out within a few hours. After a week they all die.