Posts

In for a Penny, in for a CUB

avatar of @tarazkp
25
@tarazkp
·
·
0 views
·
5 min read

I caught this @leofinance article on the new PolyCUB launch as it came out, got about half way down, read "airdrop" and did what any normal crypto person does. Buy!

Even though I got to it fast, I had to transfer some assets in and the BSC chain was congested, so I missed the lower prices. Not a huge drama, but always annoying. I did manage to swap a little of what I had in my MM already though. I didn't pick up that much (3500), but I already hold a fair bit in the CUB/BUSD Farm, but I suspect that is going to be reduced as the price increases on the hype of what is to come.

Since I am not one of those people who reiterate announcements, I will let you have a read and make your own decisions, but it is nice to see the price of CUB move from 44.1 cents to 48.6 in the last hour - ten percent isn't bad. As always, DYOR on this one.

I find it pretty scary how easy it is to move these kinds of amounts around on a whim and into risk. It reminds me of my first gig crypto dip and I can still feel the pit in my stomach on the memory, as pretty much an identical amount of value saw a 40% crash in the space of a few hours. I had written for many months, took some out to an exchange, carefully traded to learn what I was doing, worked my way up to a about 2500 dollars and then, boom - 1600. That 900 might not seem like much to many in this world, but at that time in my life, it felt like everything.

But, I didn't lose it, did I?

I held.

That works for the ups and the downs.

Yet, here I am, despite many telling me I am a fool for hodling all these years, a fool for putting in the effort and just, a general fool. That is okay, I don't mind being a fool.

We are just going into the exciting bit of the bullrun over the next 2-4 months I think and if things go really spectacularly, I will still mostly hodl. Because, why not? If I don't need the value, I can just leave it there earning yield for another four years. Sure, I might skim a bit off the the top to buy back, especially if it looks like a blow-off top, but I don't really want to get out of crypto - since I have worked so hard to be in crypto.

One of the biggest things no-coiners don't seem to understand at the moment is how many ways there are to generate value in the cryptosphere, and there ae more all the time. Because they focus only on the price of Bitcoin and love the dips so to rub it in the holders faces, they don't know that those holders are still earning, and haven't sold a thing. The dip comes, and they can use what they have earned to buy a bit more for the next run up. Those "bits" all add up.

Especially if going long.

for me, I am looking to be part of enough that I can spread some risk and not too much that I am spread too thin to really gain much from it. I also am very Hive-centric, as a fair amount of my value is tied directly or indirectly to the Hive blockchain - HIVE, Splinterlands, LEO/CUB. I don't mind having this exposure though, as tend to put my money where my mouth is.

Many have seen me s a Hive shill for years, thinking that I have done it for the votes. They think this because that is what most people might do, but I actually care enough about this place and I think there is an extreme amount of untapped potential to be realized. I also wonder, for all of those people who have stayed on Hive, how many of them are really down?

It seems to me for most, that despite all of their bravado in pushing shitcoins like Shib, they don't seem to have bought too much of it themselves, since they are still chasing pennies here, talking about a thousand they gained or a hundred somewhere. This is relative of course, but if from the more expensive countries, those kinds of amounts aren't very significant. If a person has tens of millions because they bought Shiba Inu in January, what are they doing here worrying about mentioning a few dollars and chasing every open tap of any shitcoin on the internet?

well, it is because if they did buy....

They didn't hold.

You know, when a hundred dollars spent is worth a million or something, by the number of people shilling it, you'd assume that they must all be millionaires...but they are not. The reason is because they don't have faith in that shit either, which is why they didn't hold it. If they did have faith in it, they would have bought more and still had the majority of it, as they would have been able to skim a bit and have no need to sell the rest. But, how many are holding? Well, the people who got in late to the party and who will eventually be the bag holders of the future.

I hold a few bags of nothing tokens that I have bene holding for four years, but I also own some that have done okay and I suspect will do okay in the future too. As they start to mature, I will be able to consolidate more into the survivors and forget about the bags in storage.

As I have said, usecase matters and community matters and I believe that Hive has a pretty darn good community and, plenty of usecases. Not only that, it has working products that are successful, a range of other projects that are experimenting, many different kinds of users from all over the world and as far as crypto goes, about the easiest place to get up running and earning quickly, in numerous ways. Plus, all of these different usecases can feed off each other as projects and, users can earn from several usecases simultaneously, often on the same interaction.

I am going to keep repeating my mantra of,

Buy what you use

until it sinks in.

That is the future of the internet, gaming, business, life in general. We are part of a consumer-centric earning model, but we have the ability to be both owner and consumer of our own products.

Don't get high off your own supply

Get rich off it.

But you can still be a user! Have your cake and eat it too.

I use Hive daily for so many parts of my digital life and it affects my analog life heavily too, by driving conversations and content in both directions. Soon, all of those interactions are going to have connections between the physical and digital spaces, further intertwining lives. I find it incredible that I have friends all over the world I not only interact with, but invest with, own assets with and play with daily.

On that note, I will add that the LEO post was also dropped into a chat and some of them upped their CUB stakes too. Word of Hive.

CUB is now at 49.9 cents. Let's see where it goes.
I might get some more yet.

You know...

Airdrop!

Long-term is what matters to me though, so if you are looking for a quick buck, you might want to look for the next meme coin instead. Remember though, be sure to hold long enough so that you no longer have to chase every trickle of value you hear about. Get to the point, you can relax a bit and instead of looking to take all you can, see what you can put in.

There is a win/win in there somewhere.

DYOR

Taraz [ Gen1: Hive ]

Posted Using LeoFinance Beta