I spoke about Yearn before, and since then it continues to decrease. I just spoke to some friends and they are telling me to change investments. Crowd mentality is always wrong, I am dumping more into Yearn. Why do you ask? Well lets take a look at some of the numbers. Yearn increase by almost 4000% in about 3 months time. Out of the 30,000 token, 80% are owned by large investors, they are still up 1617% as of this morning. Would you sell! I wouldn't Crypto overall are down, from regulator storming exchanges, news of hackers raiding different cryptos, news the President and First Lady having Covid, and that Republicans and Democrats can't make a decision on the stimulus.
As the price is decreasing, it just allows an investor to get it at the lowest possible price. Buy low, sell high. This isn't my only investment, but I believe with the current market conditions Yearn is pretty cheap, and I can purchase more share now then I could of a week ago. My initial basis for getting into Yearn hasn't changed, just the market conditions. Yearn is for people who want to yield farm, but don't want to spend the time and effort to do it. It appeals to a large part of the community who want higher returns but don't have time to do it 24 hours a day like a day trader.
So if your selling, I am buying, After the elections, we will see who is profiting. I believe in 3 months time Yearn will be at $60,000.
This is just one persons opinion, do your own research, invest wisely. Risk are inherent in any investment. If you have different opinions I am always willing to listen. Leave a comment below.
