Are Most People Who Stake Non-CUB Tokens Just Dumping CUB?

Here's what I've been thinking about CUB, where it's at and where/when it might go up. People came into Cub DeFi from various places. Some from Hive or LeoFinance, and some from hearing about it elsewhere.

A lot of people are just dumpers. They came in with non-CUB tokens, they gave a 2-4% deposit. Any and all CUB they get is gravy (after recouping the fee cost) and they sell it to make money. Period.

Some don't care about CUB at all. They have their non-CUB tokens, and they are selling CUB to either 1) get more of that token and stake it to get more earnings, or simply cashing out into BTC or whatever token and not bother staking more for more returns.

When will the downward pressure on CUB end? When there are more people who care to buy CUB and keep it, rather than dump it. It seems pretty logical to me, maybe I'm wrong. Until then, CUB will continue to be dumped over and over as the people who just want to sell it will continue to sell it.

Obviously, if you compound into your farm or den, you sell the CUB to get more of what you are staking. It's not that you don't care about CUB, but you want to bein the farm you want to be in ;)

Is $2 the bottom? Maybe, but I'm not sure. I think it can go either way, and sideways or down for a while yet before more blood gets pumped into the system from the outside. Fresh blood that wants to buy CUB, not just dump it ;)

Only the people who want CUB and CubeDeFi to succeed care to not sell it all off.

What can combat this? Hype. Marketing. People wanting to get CUB because they can do something with it (other than sell it or stake it). The others who just want to exploit the system to put up their tokens in a den or farm, and collect CUB to sell it and make profit over and over, well they will still be doing that. But if you have some utility in the token, that goes a long way to keep people holding it. Like HIVE and LEO.

The bridge is going to bring some utility. And there are more plans in the works I'm sure. Lending I think is one.

It's going to take some time for CUB to rise again, barring a change in behavior of those who are staking other tokens and dumping their CUB, or until there are more people who come in and not dump CUB just to get as much as they can.

That's all some are interested in. They want to extract as much value by selling CUB to make back their deposit fee equivalent in USD that they lost, and then continue to sip on the gravy train.

I'd say even some people who are staking CUB in the farm are selling off all their earnings, not just half to compound right back into the CUB farm. They keep the CUB that's already there just to get the most APR so that can sell, sell, sell for other tokens they prefer to have and hold for some time.

I don't know where the floor is. But I'm earning CUB, so it's all about the long game now.

That's what I see going on anyways. Am I wrong? What do you think will turn the tide? What am I missing?

Let me know! :D

Posted Using LeoFinance ^Beta