When I got into Cub Finance a couple of weeks ago like everyone else I chose the farm CUB-BUSD obviously because APY was the greatest. I kept harvesting and adding it back to the farm. I also was investing a portion my other portfolios into this farm gradually. When the second halvening happened yesterday I decided to move to CUB-BNB farm because of the fear of potential impermanent loss. Because in my mind since CUB price was fluctuating, going down or up, I didn't want to lose that much because the other side of the coin, BUSD was stable (even though that's precisely the reason why I would lose less).
So when I moved to CUB-BNB farm yesterday my reasoning was that if I either coin should move to either direction I would not suffer too much of impermanent loss because both coins have the potential to be more valuable in the future.
CUB can go 10x and BNB has the potential to go 10x in price. But after staying in the CUB-BNB farm for a few hours yesterday I decided to move my funds into the den instead of staying in the farm and here's my reasoning.
The APY has been reduced in all of the farms and dens so it's not really about that anymore but I asked myself a question, which coin has more potential to double in price sooner? Like yesterday CUB was worth around $2.70 USD and BNB was worth exactly 100x more, so around $270 USD per coin.
So my question was, what would happen first hypothetically? Would CUB double in price from $2.70 USD to $5.40 USD earlier than BNB would double in price from $270 USD to $540 USD?
In crypto anything can happen overnight, right? We've seen big price swings, that's not uncommon. But it seemed more plausible scenario for me to choose CUB den instead of BNB den not only because of 4% fee but also because I hope we will see CUB price increase to $5.40 USD much earlier than we will see BNB price increase to $540 USD.
I mean we've already seen this happening, only in reverse direction. It was $5.40 USD just a few days ago, right? And later the price dropped to where it is right now.
With LeoBridge coming up and constant burn (over 13% of the total CUB supply was burned), this is a good scenario to choose CUB den, at least short term. I'm not thinking about 10x or 100x yet about CUB and BNB. My point is which coin would double in value first.
Even though this is just speculation, I hope I'm right. It's interesting what you are guys thinking about all of this. Please leave a comment.
Posted Using LeoFinance Beta
I'm still in the CUB-BUSd farm with my initial airdrop (plus some more). All farming however go to the den. As long as the price of CUB doesn't rise too much, I think I'll keep it that way.
Posted using Dapplr
Maybe you are wiser than me. We'll see how this will play out.
Posted Using LeoFinance Beta
No wisdom on my part. It's just gamble gamble gamble.... :-)
Posted using Dapplr
I keep jumping.
Posted Using LeoFinance Beta
I can't be bothered to jump.
Posted Using LeoFinance Beta
Can't really go wrong with that move. I'm kind of just holding in the farms and not really moving. Plan to be in it for a long time honestly.
If CUB price increases, even because of impermanent loss I think we will all still win, correct? Long term, of course.
Posted Using LeoFinance Beta
I haven't been able to fully understand it yet myself I might dig into it deeper here soon but lots to do lol.
For right now If I put $100 in and I'm able to earn 50 cub at $2 each I break even easy and profit after. To me you almost can't go wrong with the long hold if you feel the value of cub will eventually be higher. By HODL I mean I hold stuff for years. Bitcoin I've held for 8 years now simply stacking and not cashing out.
Buying more when it's cheap and hodling for years hoping for price increase is a solid strategy.
Posted Using LeoFinance Beta
im in the den, i feel safe in it, and just want more cubs anyways. good read!
Thanks for reading! That's what I want too - safety...
Posted Using LeoFinance Beta
I don't know why but CUB Den feels so safe to be inside. That where my most money is! I have my farm inside the DEN. :D I am in this for the long term so not going to sell my CUBs. Don't have an exit plan yet. Even I think price might rise within the next few months. So many developments happening, it's crazy.
Posted Using LeoFinance Beta
I plan to hold my Cub at least until it reaches 30 USD. But if can reach 30, it could reach 100. Right?
Posted Using LeoFinance Beta
Haha. You need to draw a line somewhere. But yes, it has the potential to reach even $100. Who knows, it's crypto.
Posted Using LeoFinance Beta
If Doge can reach 7 cents, then CUB can surely go to 100 USD haha!
Posted Using LeoFinance Beta
LMAO. True!!!
Posted Using LeoFinance Beta
This DOGE meme is so funny!
Posted Using LeoFinance Beta
Thanks @organduo. Cheers!!
Posted Using LeoFinance Beta
Welcome to the den! I also moved out of the farm a couple of days ago for the same reason. I don't think we are wrong about this.
Posted Using LeoFinance Beta
It's nice to know I'm not alone in this...
Posted Using LeoFinance Beta
You're definitely not.
Posted Using LeoFinance Beta
Still I'm in farm. But I staked some cub on den too...
Let's all hope CUB price goes to 6 USD again.
Posted Using LeoFinance Beta
I hope that I will be even higher. Theoretically it is possible...