Judging from my last post on the subject, previous CUB bulls are now totally burnt out on CUB.
Soon™
Nobody wants to hear it anymore.
Wen now?
Yeah, well... too bad!
This market sentiment is a perfect blood-in-the-streets moment. I always get bullish when the diehards start losing faith. How else would I have acquired over 100k Hive back in December when Hive was scraping rock bottom at 10-15 cents while Bitcoin was going x4? In crypto, you only have to make one really good move for it to make up for a dozen bad ones. This is a very forgiving landscape when zoomed out over long time periods.
In any case.
CUB is back at rock-bottom levels. 50 cents has proven to be as low as it goes for a while now. And yet, no one is talking about buying the dip. No one is exiting the LP and going long in the den (probably for the best). Everyone is burnt out and stuck in a holding pattern.
What does "diamond hands" mean to you?
Most people like to say they have diamond hands while the price is going up and then they lose their minds when the price crashes 50%. Diamond hands are a two way street, to be sure.
For me it's more about just holding.
It's about making measured small bets that are essentially guaranteed to make money and support the network in the long run. It's about DCA when you turn bearish and DCA when you turn bullish. Small moves add up to big gains over time. This is why my Venti Trading System is so important going forward.
I have noticed that when I trade emotionally I get it wrong like 95% of the time. What amazing accuracy! When I balance that trading strategy out with small 5% incremental bets it becomes exponentially easier to maintain balanced positions and not go on tilt. Selling 5% and then the price going up is not a big deal. Buying 5% and the price going down is not a big deal: just buy 5% more. It's when we decide to move all in/out thinking we have some kind of magical edge that the world comes crashing down around us.
Wasn't this supposed to be about CUB IDOs?
Sure.
After sucking up all the stacked up liquidity in the den/kingdom, the first IDO crashed the price of CUB and created a wholly anticlimactic scenario. Changes have been made to avoid this by no longer pairing the liquidity to BUSD. It will now be paired to CUB. This has some interesting ramifications.
Now, the best thing to do here would be to not pair it to CUB, but rather to pair it to a stable coin collateralized by CUB. I called this non-existent thought-experiment token SAV (Savanna) in a post a while back. If we could pair IDOs to SAV then the supply shock to CUB would be even greater than a CUB pairing, because SAV would be collateralized by more than 100% CUB.
Unfortunately SAV does not exist, and maybe that's for the best at this point. Adding CDP (collateralized debt position smart contracts) tech to the protocol relies on oracles that can get hacked, and EVM networks are riddled with blackhats on a worldwide scale.
So here's the crazy thing about eliminating BUSD.
By pairing the initial liquidity to CUB instead of BUSD, half of the IDO funding gets burned as usual, but the other half is locked as CUB in a new liquidity pool. This creates two possible scenarios after the new token launches:
- The IDO does poorly and new tokens are dumped on the market, extracting CUB from the new liquidity pool and putting a little downward pressure on the token price.
- The IDO does well and even more CUB gets added to the new liquidity pool due to arbitrage. The better the new token does the more CUB will forever be locked in an LP that we don't even have to incentivize with inflationary yields.
Both of these outcomes are superior to a BUSD pairing, where the only party who benefits in that scenario is Binance itself, being the entity in charge of stabilizing their own pegged USD token. Even in the worst-case scenario (rug-pull) where all the CUB is drained from the new LP: this is exactly the same outcome as using BUSD.
Speculation nullified
The first IDO sucked up all the FOMO and speculation of a big CUB burn, but the price went down and disappointed most users. Now we are back at 50 cent support. No more speculation. Only the fundamental gain of burning millions of CUB can boost the price at this point: and it will.
Conclusion
Nobody cares! The FOMO is burnt out and there isn't a single CUB bull out there with big enough bags to speculate on what comes next. The next IDO is likely going to burn more CUB than the first IDO and all the deposit fee burns combined. On top of this 'fact', 100% of the value raised will be CUB, so it will be impossible that the next IDO would drop the price. Honestly even if it was still paired to BUSD it probably wouldn't drop the price, so this statement gets exponentially stronger when we remove twice as much as planned.
But again, nobody wants to hear it. Everyone is already all in. No one can "buy the dip" because that's already happened a dozen times over. This community is tapped out and waiting for fundamentals to deliver rather than speculating on them in advance. This is a unique situation that doesn't happen very often, and I intend to keep my eyes open and profit from it when I see the signal.
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It's funny how people don't apply the same lessons of stocks to crypto for whatever reason. When there's blood in the streets it's time to BUY BUY BUY! The Polygon IDO has huge possibilities. One of them being opening up CUB to the Ethereum blockchain which accounts for 80% of the TLV in DeFi.
67 LEO rewards and zero comments... You are totally right, absolute capitulation ^_^ Well, I was at the beginning, I will be at the end.
!BEER
!PIZZA
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@edicted! I sent you a slice of $PIZZA on behalf of @renovatio.
Did you know you can spend $PIZZA on games in the $Pizza Store? (1/10)
Interesting I really appreciate your effort toworld this community. From my own perspective I also come to understand that is good to put more effort so that before December you can acquires up to 1050 hive which is going to earn you good money thanks
My plan is hodl, my stake is nice enough :)
Sure it could be a very good investment, but the risk is also high. So hodl match for me :D
This is what gives us thrills when trading or when discovering opportunities or good projects. And so many times the Leo Finance team and users provided good leads, only if others would read and react to them, while DYOR. I got some pretty nice gems following the word from here and I think this is the great value that this platform provides. Just that we should capitalize more on that!
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I have pulled my whale bag of CUB all in to the Den. Sometime before the first IDO... my timing could have been better, but I am still pretty confident that this will be a good move.
I am too deep in to buy this dip... you nailed that perfectly for most of us. If CUB dips below 50c, I might stretch and throw more in.
under 50c i would think about to buy again too :D
likely too good to be true though.
Anyone else having any issues getting the exchange / liquidity tab to populate on Cub Finance the last couple of days? It isn't loading on my computer or on my phone through the Trust Wallet. Just is a white page. The other pages load though.
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Hodling from 4 dollars looks like we are going to se this price again by 2k25
my buying strategy for cub was one of worst i did (not that i bought a lot of other crypto but :D ) so now i am just waiting to see what will happen till the end of the year.
sometimes it feels that they spread a bit to much but they are working and something will hit :)
Got all mine sitting in the cub/BUSD farm. The price action hasn’t been incredibly fun considering I started in the first week at like $5-6, and now sitting around .52, but have been able to score allot during the time. But think that’s my only okay with CUB for now. Letting it feed the reserves with BNB. At least it is still somewhat stable around 125%. With the drop in price I would like to see a bit higher APR, lol. As far as DEFI, been focusing on building my Osmosis/ATOM stack. That’s been killing it lately.
Well I didn't jump in right at the start so I came in after prices dropped a bit. However I think I will just HODL and it just represents some of the earnings I earned using my HIVE earnings. I can afford to lose it but I do think CUB will rebound eventually.
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Exactly, I am drained :) I bought the dip several times...
I hold a bunch of cub in the Kingdom auto compounding and putting the new cubs from the BUSD farm there too.
I cant be possibly buying more CUB but should my SL card get sold I will take a part of those profits to increase my cub holdings.
Wen is SOONtm?
Check your NFT collection I sent you a Soon TM
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Posted Using LeoFinance Beta
You're right about this cat. I'm "in" with as much as I have available to be in with, having already bought as many dips as I can buy. At this point, it's all just a long term game for me.
=^..^=