The other day, I consolidated my CUB pools into the CUB-BUSD pairing to minimize the risk on BNB fluctuations against CUB, as well as take advantage of the higher APR. Let's see how it pans out - but if the coming development on Cub Finance is successful and the price rallies, I will be pretty happy. If it keeps declining, it is what it is. I have quite a lot of CUB there, so my fingers are crossed.
I changed a couple of other things around too, as I went into ApeSwap early on and was able to get Banana at a decent price as well as benefit from some decent yield, but the declining price of Banana caused me to pull out of the BUSD pool there this morning, and even though it has rallied, I am content with the gains I have made over the last few weeks in the token value (about 300%) plus the yield on top over that time.
I went pretty hard into panther early on also, but there I went with a strategy on single-pools, as I wanted to limit my exposure and at some point, I was getting 500+% on WBNB and BTCB pools and they still sit around 250% each. This means that the 4% deposit fee was getting paid off in about 3.5 days with minimal risk. When they were upgrading their pools, I took advantage of the no transfer fees on the PANTHER-BUSD pool which was over 2500% and is now around 1500%. Even though price of the token has declined since then, it is delivering 4% a day and it has helped me speed my "pay back" of the deposit into the WBNB and BTCB pools, and about 2 days from now I will be all square again, at which point I might room the liquidity from the pairing. This leaves me with a steady incoming stream from the single-side pools that will be affected by the value of the tokens themselves. At any point, I can pull out of the pools too, so there is little risk now, other than a contract hack.
So now, I have large positions in CUB and Panther, with lower risk in Panther, but a lot of hope in Cub. As @revisesociology was saying a few minutes back to me, it seems that a lot of people are now looking away from the high-yield-insanity and looking to build a position that is a little more stable. What this means is that they are going to have to look for projects that offer more than a simple token yield and increasingly, they will look for utility.
One of the things that I am wishing for Cub Finance (other than the release of Kingdoms) is that while they attract investors into the AMM, they will also connect them as users of the LEO community, as there is a lot of value in building the greater community long-term. Building a community around a project means having a market for new products and services,, as well as a network that is able to reach out further and attract more users. A lot of people want fast results and massive gains, but long-term value is generated through building foundations, adding usecases and attracting users who are willing to consume and use.
Again, this takes time and in the short-term, every new venture is going to take investment energy away from other ventures. Currently, there are more DeFi projects than stars in our galaxy, each vying for attention in much the same way, yield. But, this get more volatile and risky and eventually, those who have made gains or are getting in will become more cautious. The projects who have built a greater range of products and services, will be more attractive for a couple reasons, as they will be able to provide lower yield with more stability.
But, just like the competition between projects, new product ranges will see competition for internal resources, in the same way that a company has a budget that gets split across departments. The difference from a company is it is the userbase that decides which department gets the budget, as we are the financiers. Short-term, the funds are far more limited and when the community has gone in heavily, it has a cap on how much it is willing to go in, meaning that as new products are introduced, the pool of economic availability gets split, diluting the strength. Many people complain about this, especially if they have nothing to put into the new products and have taken "losses" on the old. Some will of course use what they have in one and move it into the new, like a person keeping the brand, but changing the model of the car they drive.
While people complain, in order to capture the future market where investors are interested in a little more security that is brought through a wider userbase across multiple usecase, this early dilution of the community funds is necessary for product range expansion. As said, a company has limited resources to act and, we are it. A lot of people are looking short-term to things like marketing to attract more value, but as soon as the single usecase of yield diminishes, those users will jump ship. However, bringing them into a functional and complex ecosystem with multiple economies and possibilities for gain and value to be generated, now that is valuable.
While everyone is looking short for "mad gainz!", long-term sustainability is what is going to see those gains grow enormously over time with far less risk exposure. Being an early investor into what becomes sustainable and offers a lower but consistent yield on percentage value is highly attractive, but it requires holding.
"If you can't hold, you won't be rich" _CZ
Chasing yield continuously is fun, but it can get tiring very fast and stressful, always having to worry about hacks and rug-pulls. While many people also enjoy that, as they do make gains, they will want to park them somewhere safer, which is probably into tokens that are expected to survive and projects that offer more than token speculative. Leo/Cub and Hive are both projects that have the potential to fill part of this gap in the market place, and while they seem to lag now, they can slowly develop their product range to capture the interests of the market. As we can see from the dedication of some people to Hive, there is more to it than the current price of the token, with the future price attached to current activity.
Each of us is going to have a different profile of strategies in how we approach our economic well-being and we are each responsible for our positions and the consequences. Some are more open to risk, while others are actively seeking security, with many taking a hybrid path of a little risk on one side, a little security on the other, a slice of Hail Mary insanity at the extreme and very conservative at the other end. However, whatever path we choose, what we yield is going to be dependent on the decisions we make, as it should be.
If you aren't suited to the ups and downs, perhaps investing into crypto is not for you, but investing always comes with ups and downs. So, if you have a very strong aversion to investment risk, you can choose to be uninvested - but that itself is a risky position. The hardest parts of risk management, is managing ourselves and living with the consequences.
To be a King, you need a Kingdom.
Stake your ground. Build.
Taraz
[ Gen1: Hive ]
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This is one point of view rarely examined. The emotional rollercoaster one goes through from short-term, quick moving high yield markets may end up having its antecedent psychological effects, more like gambling. I also believe a hybrid approach with an eye on the long -term and value works best, but it is quite difficult to think long-term for some people, considering the glamorization of get rich quick schemes.
Agree that this is an under utilized marketing strategy and could become the next popular theme.
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People love to get rich quick, yet they complain when they lose all they have gained.
I think to be a King, you need people first; its the people who build a Kingdom.
You know my view on this very well, I am in a lot of them, various amounts, and I switch amount based on oppotunities. However, over the last few days, the BSC chain itself is sluggish, as it is dealing with unbelievable volume and success. Now the question is how do they scale? I am no expert on this. I am just looking at the data...
https://www.bscscan.com/chart/networkutilization
I was unaware of sluggishness on BNB.
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Definitely need people, but maybe since this is an opt-in thing, it requires building first. Most Kingdoms are made by conquering the people, not empowering them.
Knowing Binance, they will be adding resources fast to speed it up.
Hi @tarazkp , I consider that patience is the key for those of us who own some cryptocurrencies, I know that there are very interesting projects with short-term returns but I prefer to wait to obtain profits.
Happy Wednesday
Especially if you bought Dogecoin at .002 last June....
Maybe a bit of a hybrid approach is the way to go perhaps. Be sensible with most, impulsive with a little.
I just buy $10 of anything .... trending.... but use Only Free Crypto from blogging
I think I would have done better just hodling all my BNB... oh well. Lucky for me bought a few billion SHIBA INU ... lol crazy times Dude.
With everything you have bought, you must be worth hundreds of millions now. Congrats!
Yeah... but I can’t cash anything out due to huge Taxes here ... any ideas on that ?
With what you have, pay the tax. What does it matter even if it is 50% tax. Tens of millions in a few months should be enough.
Ok I will try that
You do know the price of Shiba, Akita and Elon right ? It’s easy to buy Millions of these tokens ... they are much cheaper than Dogecoin ever was. Just use your Free Crypto buy other almost free crypto. It’s easy. You only need one to go from .000001 to $1
How do You pay taxes on $ 100 Million from Bitcoin, Dogecoin, ethereum, when your initial investment was zero ? With $$$ From blogging... it’s going to be a mess when I cash out
I recommend you move to Bahamas..... why stay in that godforsaken cold country that tax you for everything! May be buy a small island; why not invite Elon while you are at it?
This is good advice. I am not sure about the Bahamas - but there are several nice tax haven countries around that would be suitable.
I did the same thing as regards pairing cub with bus for the same reason you mentioned.
Use case us the most important thing. I am pretty new in the game of investing. I started crypto investing about 4 years ago when I bought some xro and ETC. When I bought xrp I though it was the future of banking and that was why I kept it.
Today, I look at a project and ask myself what will keep it in place for the next 5 years? Who are the people behind the project
If I don't have an answer to these questions. I simply leave the token.
Do you think panther swap is a good buy right now??
I have been trying to stake more cub but bsc has been giving issues fir the past 2 days
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This is why I sold it - :D
For me, no - but I am settled into the singles there and not overly exposed in the pairing.
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Wow...we learn everyday
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I am not a big fan of the banks ;D
Panther was a bit of a letdown for me. It is my own fault, I should have just followed my gut with it instead of listening to other people. You live and learn though. I kind of did the same as you with Cub though. I had a bunch of stuff scattered around many of the farms. I consolidated down to CUB/BUSD. It just makes more sense since BUSD is supposed to be pretty fixed. At least right now the price of CUB seems much less volatile.
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I will not hold panther with BUSD for very long, I will get out of it and hold the singles of BNB and BTC only.
I am pretty exposed in CUB now, but hopefully the team will get these releases out and start building support around them again. Pretty sure that most of the weaker hands are out now.
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I hope that is the case about the weaker hands. Yeah, now that I am back into Panther I am just waiting to see when I should pull out again. I don't want to do it too early like I did before.
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I'm mostly in the CUB-BUSD farm. Hopefully they focus on marketing after all the leobridge and kingdom stuff are done. Good engineering has to be paired with good marketing.
Yes. The marketing comes second :)
I forgot to send CUB to Binance.
Do you mean the airdrop a few months ago?
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Yes
I think this is a great marketing theme for Cubfinance.
I also like the choice of Cub-BUSD for the high APR and the lack of exposure to impermanent loss. I am accumulating Cub during the current dip.
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noob caveman returns: Can you tell me how to upload videos to hive?
I don't think you upload directly to HIVe.blog, but you can to https://3speak.tv/
thank you very much.
That's quite a lot of projects O_O
and that was the only thing I understood ^_^;