Quick survey:
Today is Cubfinance IDO day.
Who is getting involved with it? Raise your hands.
Well not really, post it here.
For me, I am not getting involved. I will be buying more CUB though.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
For whatever my opinion is worth, here goes:
I decided to participate but in a very limited manner (only approximately $50 CUB-BUSD LP tokens. This decision was hard as my initial impression of CAKEPOP really was/is poor mid to long term. All in all I do not see CAKEPOP lasting more than 6 months as to me the whole thing seems unsustainable. But...
If you read between the lines like @edicted did (and I did following his leads), this becomes a very interesting short term price play. Risky yes, a gamble, well, yes. But its the kind of thing I really like to take a shot at for the thrill, excitement and enjoyment.
So what am I looking for? Well, hopefully the IDO is well received and sells out/closes fast. I want to be holding the CAKEPOP tokens ASAP! Believe me, a page will remain open on my laptop to real-time prices on this thing. There's going to be the initial pump, but I do not believe that will alone be sufficient to get me to my target of 10x. After the initial pump, CAKEPOP needs to trade some volume, both new in as well as profit takers out - this will let the deflationary tax effect (through token burn) the price, hopefully positively driving me to the 10x goal.
Now, if I get lucky and 10x is achieved rather quickly (hey, you never know with these things) I may reassess and shoot for 25x - but I'm looking extreme short term for 10x first and I'll be real happy. Turning $50 into $500 in a few days is nothing to shake a stick at.
And while I'm watching the CAKEPOP price for my exit, I'll be watching the value of my dear Cubbies go up and up (will we see $1 +, we shall see).
Whatever everyone else decides to do good luck. I know my strategy above is not for everyone, but its a little bit of fun for this retired guy. And trust me, I've pissed away a hell of a lot more than $50 in my lifetime!
Now I just hope this goes off as Scheduled!!! (?)
Posted Using LeoFinance Beta
Thanks for sharing it and what you wrote makes a lot of sense. I have not looked at it at all so I cannot comment on the particulars.
In general, nothing wrong with taking a lottery approach to something and swinging for the fences. Sounds like the $50 is lose it money to you, so not the end of the world if it goes tits up.
I hope you get your 10X...a nice return for a few days/weeks of work.
Posted Using LeoFinance Beta
Good luck. I think it might also be a good short term play. But how long will this short-term be? Is it a week, a month or just a few days?
Posted Using LeoFinance Beta
Of course it is my hope that 'short term' here is only going to be a couple days. But I think realistically I'm looking for the end of the start-up pump two to four weeks after launch. But, we will see.
Posted Using LeoFinance Beta
Thanks for sharing your strategy in so much detail Kevin. That's somewhat the same thing I was thinking of doing... might give it a go
Posted Using LeoFinance Beta
Still haven't decided. I'm leaning towards sitting this one out but might pull the trigger at the last minute.
Buying CUB is certain regardless of what happens, though
Posted Using LeoFinance Beta
Today was my claim 100 day! Almost brought a tear to my eye lol
Posted Using LeoFinance Beta
I plan on throwing a little at it, if for no other reason than to support CUB. IMO we need this one to look good in order for the next ones to keep coming. Granted, they seem to already have a few signed up but...nothing speaks louder than results. In the meantime, the yield on Cakepop is in CAKE. I've been in that Kingdom since the beginning and have done very well. I won't mind adding some more of it to my bags through this IDO. I'm with kevin though. I'm not going to be throwing the house at it or anything. Probably a couple hundred bucks to see if it sticks.
Posted Using LeoFinance Beta
That's a good point. I think that even if the new project itself doesn't succeed, it's important that the IDO process is a success.
Posted Using LeoFinance Beta
Yes selling out is important. Nothing would have been worse than an IDO that sells like 10% of what they are looking for.
Posted Using LeoFinance Beta
I won't get involved either. At least I will wait things out since I didn't have enough time to properly research everything.
Posted Using LeoFinance Beta
Not touching this one with a ten-foot pole. The project looks way too dodgy for my style.
If you are thinking of going in with a tiny investment, read some of the comments from Fing's Should You Buy $CAKEPOP blog that advise against this strategy.
and
Posted Using LeoFinance Beta
And I fully agree with him - if you're planning on holding this shitcoin. Then his strategy aptly applies and a minimum invest of a minor number of CUB is unwarranted.
But... if you're planning on doing something like I am (solely short-term price play for a 10x return) a minimum investment would be the only thing I would suggest. You don't bet the farm on a pure gamble play. Laying $50 for a possible short-term return of $500 - I'll take the shot so long as there's a minimum viability in the project.
At my age risk/reward is fun - play that game every morning getting out of bed. With this I'm at least playing for some beer money.
Posted Using LeoFinance Beta
lol what is cubfinance IDO? i am so far behind. being living under a rock.
Posted Using LeoFinance Beta
Haha you might want to read some of the official announcements as I'm not really the best person to explain it
In very simple terms, it's a way for new projects to raise some initial capital using the Cub Finance platform and user base.
Posted Using LeoFinance Beta
Check out the following 2 posts:
Introducing CUB's Decentralized IDO Launchpad
$CAKEPOP Token Launch
Posted Using LeoFinance Beta