/biz/ - Business & Finance

>>22583597
This man speaks some mean logic. Hard to deal with those cold hard facts. Luckily, I have some nice warm delusional facts that I might as well wait out the 6 months. It's been 3 weeks and I'm farming quite decently, so 6 more months could bring me back into profit. Plus if whales are no longer incentivized to market dump, downward pressure is relieved.
>>22583754
I think there are consistent returns to be had, not moonshots. Moonshots ain't healthy anyway. I'm just hoping you mean "Unironically" when you say "Ironically"....
>>22583838
I think YFI will be gaining traction and bring attention to the space. Also a listing on a big exchange could come as the project crabs along & proves it's here to stay, albeit at deflated price/TVL. Just gotta kill the fucking whales.
>>22583892
Especially with the fact they are forking SUSHI,(UNI by extension), BAL and adding new dynamics to the project as they go.
I'm stoked they made better oracle and lending pools with AAVE, COMP.
However they basically lost out on a lot of liquidity by excluding wBTC/renBTC, wETH, LINK. They essentailly did their best to kick out whales who were risklessly staking fucktons BTC/ETH to farm.
OFC it's gonna retrace as those whales get frustrated. Hurts but it's healthy. It's all about killing them whales off.

>>22584048
He might be somewhat correct. You think THAT's a lot of typing? Nothing personnel, kid.

>>22487574
Yes, Friday will be able to buy this much lower in best case, slightly higher in worst case. In fact, I believe that even if everything goes smoothly with the transitions on September 15th (tuesday), there will still be a period of price suppression until the whales are completely defeated.
As the ecosystem evolves and the dumping mechanisms are phased out (YFV paid per day to whales has already halved, if not more) the price will make a jump like it did to $28 recently.
Keep in mind that YFI is going on a run, DeFi is probably about to take off, BTC didn't fail to rally, and the YFV team is making huge changes to the protocol at an astonishing pace.
This thing is evolving fast enough to incentivize buyers as well as farmers.
Day of the Harpoon soon, then off to the moon.