It Pays to Be Wrong (Sometimes)

in LeoFinance3 years ago (edited)

Most of the time when you're wrong, it doesn't feel good. It can sting. After all, who wants to be wrong? Is that a goal in life? Do we strive to be wrong in our decisions, in our vision for the future that guides that steps we take in the present?

Or course not. But when it comes to investing in something, there are times when being wrong might even feel good, and it can even pay to be wrong. As long as you didn't act on the wrong conclusion.

The mooning of CUB is just such a case. I was recently talking about the sideways action of CUB at the $2 level. Was this the bottom? How long will it stay there? Will dumpers keep pushing the price lower? Etc. I thought we were in for a few weeks of sideways action until some new features came out to entice new blood to join Cub DeFi. If not new blood, then just more money from people waiting to invest into buying up CUB to get the price moving.

Well, it didn't take new features like the Leo Bridge, or lending or the upcoming Kingdoms. All it took was announcing some changes to the farming and dens. At least that's what I think did the trick ;)

As you may or may not know, Leo Finance made a post last night. The Cub DeFi site was updated, with a bit of a new look. Instead of purple text, they are now blue. A link to the bridge that I am working was added. When you go to the bridge, you only see "Coming soon". Eventually it will work, but for now it's a work in progress.

Going Up!

The biggest update to attract more people to staking in Cub DeFi was the change to the farms and dens. This seems to be what led to more buying of CUB. Early in the morning, CUB shot up $1, gaining 50% over the past 24 hours.

As the news of the change spread, some big players (I assume more than one) saw this as a great time to buy and dumped a lot of money into CUB which shot the price up very quickly.

Or, it was that the persistent $2 floor seemed like the actual bottom, and the only direction CUB was gong to go here on out was UP! Maybe it's a combination of both, but up it went fast! Unfortunately for me, I wasn't in the CUB den, so I lost a lot of CUB in the farms

Getting back to the positive changes that make CUB staking more appealing, some farms and dens are going inactive, and some are getting a boost. Here's what it looks like:

I think it's a smart move. The two most popular farms are the ones that give the highest APR, and they are farms that have CUB in them. If you want to incentivize people to buy CUB and hold CUB, then giving the CUB farms more APR is a good way to go about achieving that goal.

The CUB den is the only one going up by a whopping 50%! It only makes sense to reward the CUB staking dens with more APR, and this is the only one.

The only farms going up are also the CUB farms: CUB-BUSD and CUB-BNB. The former will go up 25% and the latter will go up another whopping 50% from in APR!

This is great. You get more CUB while promoting the use of CUB in the Cub DeFi system. Increasing the APR in other dens and farms would just mean more CUB while not incentivizing the staking of CUB within the system. That just keads to more CUB for people to dump.

In the end, I was wrong about CUB being stuck near $2 for the foreseeable short-term. It's good that I was, and my total worth in Cub DeFI went up quite a bit. I had no more money to throw at buying CUB at $2, which sucks a bit. But oh well, the long road ahead looks bright for CUB :) It pays to be wrong sometimes.

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This is great news for me .... I am only in the Cub (Den) and Cub-BNB farm.... glad I bought more Cub under $2

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Great move on the den. If only I... but I can't change the clock ;) Nice to see some people having held out to the low $2 level and buy some then. I was out of funds hehe.

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Yeah, i thought CUB will be in the $2 range for like a month before heading up. I'm just going to keep farming and put in liquidity at progressively higher levels. Long term 💎🐾 lol.

Well, glad I'm not the only one that thought it :P Keep on it!

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Upvoted and reblogged

Thanks.

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You are welcome

User isn't the type that upvote comments. Unfortunately...

You appear to be too lazy to actually open your eyes and look. Dumb ass comments.

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where can i find the CUB graph?

Here: https://goswapp-bsc.web.app/0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1

It's a bit slow most of the time to update. You an end up 15 minutes behind on the default 15m candle.

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Wow. For 100 dollar plus Post I'd expect not to see shit like this. Jussayin..

*one going up, buy a whopping 50%! It onl... *

Holy shit a typo!

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I know right. Gasp.

Most of the time when you're wrong, it doesn't feel good.

why?

It can sting. After all, who wants to be wrong?

I have no problem being wrong, as long as it's investigated...

Is that a goal in life?

That would presume then, that 'the goal' in life is to be right.
Different people have very different goals.

....this is a philosophical point ! ....I couldn't care less about cub.

I'm always wrong.

See. I did it again.

If I wasn't wrong all the time, something wouldn't be right..

I'm probably wrong but, that sounds about as insane as something I'd say when I'm trying to be right.

that sounds about right...oh shit...

There goes the universe.

I had my Dot locked in DEN, so I'm a bit upset that Dot den is made inactive. But overall excited for the CUB to rock. :)

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well if you check it now... it has raised the value even more :) definitely interesting thing. Curious about the bridge ;)

So what do we do to the dot den?

If you want to incentivize people to buy CUB and hold CUB, then giving the CUB farms more APR is a good way to go about achieving that goal.

I think this sentence is the answer why you made a mistake with the assumption, and #CUB got such a growth.

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