I will probably buy some more because I have already lost a ton on it
Why would you buy more CUB when you've already lost so much on it? There are hundreds of better crypto to invest in.
I get buying back and burning as a promo thing. It sounds really nice but the problem is they buy back in hopes the price increases, right? When the price increases, they can't buy back as many and CUB becomes inflationary again. They only explain 1 side of the story. They dont tell you that increasing prices means they can't buy back as many CUB.
And the price never increased because burning tokens does not create buying demand, just means there are fewer in circulation.
Fair point. However my reasoning behind buying more cub is to use averaging to lower the average cost of cub bought.
The price has been stable for a certain amount of time and I think I'll be able to outpace the downtrend. The other reasoning is that I put my stake into bHBD farms and I believe that providing liquidity to Hive connected pools is needed if we want to succeed as a Hive