YFI chads

you hold at least 1 YFI, right, user?

you haven't been neglecting your fleeting ticket to 7 figures by purchasing scam fork tokens, right, user?

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it's about to pump isn't it

30 YFI is the billionaire stack.

It went from $35-$1000 on its first day. How was I meant to know about it after only 1 day? I don't remember it being shilled here.

I have 5 and I don't know what to do. Do I sell some at 100k or just hold forever and pray that this is literally the next crypto amazon that I can live off the dividends?

Sell 1.5 and diversify.

When I understood what YFI actually was and did, I dumped my LTC, XLM and other assorted shit I’d been holding since 2017 that had been doing nothing into it and instantly saw the benefits. This is the real deal but people will be put off by its relative price. Which is a shame as it means the wealthy will simply get wealthier.

First of all get in touch with a financial advisor so you don't get raped by the taxman, also make sure your wallet is really secure (cold storage and so on). That being said, sell one at 100k, another at 200k, another at 500k and keep the rest in case we hit a mil.

>First of all get in touch with a financial advisor so you don't get raped by the taxman
is this even worth it? how do I find financial advisors who would even come close to understanding what the fuck I'm doing?

You have 5 YFI, which is between half a million and five million dollars by EOY. You want to hand over half of that to the IRS? Those guys exist, and you might as well try to get in touch with them, cause they could save you a lambo's worth of cash.

My problem is I don't know where to find these said advisors, and how do I know which ones aren't just going to be a waste of money and I would be better off figuring it out myself.

this is where rich family bloodlines will always win. my monkey ass can get lucky trading altcoins but I still don't know shit about handling money.

It's not that fucking hard dude. Research it online, if you don't find anything then walk into Chase, Wells Fargo or BoA and ask them how they could help you with your crypto investments in terms of taxes. You wanted to make it? It's a pathetically small amount of work. At least get an accountant.

yeah, you're right. thanks user.

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I'm thinking about investing 5k into either YFI or YFV. Why is YFV so low? It makes me feel a little bullish

Don't listen to these retards.
Put your YFI into AAVE. Pull out USDC at health factor 7 and spend it like you normally would.
Never sell YFI = no gains = no taxable event

How many % can YFI lose at health factor 7 before I get liquidated?

YFV hit a 7X and then bitcoin shit the bed. Im in it a bit still to see where it goes after this accumulation

That’s a bad idea, any crypto trades are taxable events the IRS WILL eventually find out, don’t be foolish user.

you sound like a guy buying ripple cus its "so cheap very bullish" lol

i need money in my bank account to spend on real life shit.

I admittedly have only done 30 mins of research. But to be fair I started an hour ago.
I just can't find anything online that explains its drop

YFV is actually cheap tho given its TVL and the upcoming updates.

Didn't even know that yfi can be put into aave...

i am salty as fuck that I didn't buy this when I saw it at $1000. The price just seems to high to buy in now. Would rather get into something early. Thinking of buying a big stack of YFV while it is cheap

Exactly the same here

I've been DCAing into YFV for the past days since it dropped below 19.
Don't want to be all-in if it dips to 10 but don't want to miss out the inevitable bounce either.

And your kind of rationalizing is exactly why YFI will hit $100k this year. This shit is getting listed on Coinbase Pro, wake up user!

If YFV hits 40 that's the same upside though. And seems a lot more likely.

I agree with you, just speculate on shitcoins in order to accumulate more YFI.