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avatar of @kevinnag58
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@kevinnag58
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2 min read

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!!! (?)

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