That's it guys, I've capitulated. I doubled my initial investment in approximately 4days, its time to change my strategy before I loose it all.
Let me tell you the order of how I've farmed so far. I started my first farming on the $Dot Den, staking you may call it, then I had a chunk of funds in the bleo-bnb farm, the first 2days was really fun till $bnb started acting up.....or down.....it was the first 2days of my life witnessing money being printed at such rate, 12,000%apy!
So I moved from bleo-bnb farm to cub-busd farm, IL against $cub I can take, but IL against $bleo is a no no,.... airdrop came in, I added more cub added more $busd, then I realised shit! $Dot is really dragging me down when I can make some nice 2,800%apy on cub-busd..........,
.........so I sold the $DOTs and moved the funds to more cub more $busd, I didnt even care what the price of cub was at the time. At this point, I had $cubs coming out of the cub-busd farm, and cub den, I kept reinvesting everything.
The rate of $cubs minted has been reduced to 2 per block and will get to 1 over the next week I think,...word on street has it that the decrease in inflation might cause people who want to cover their fees quickly to sell off,......or just sell off for some reason,........
........personally I feel those type of people are the "piece of the pie" type of people because with the plans for Cubdefi, even my blind grandma knows $Cub is extremely underpriced right now(she's dead by the way).
Most people will hear about the possibility of a 1000%apy and go banana's, its funny to me, because I witnessed 50,000%apy for a few hours with my own eyes,......its funny,.......
.........how will anyone even believe me if say it outside? Thank you "crypto" for making me the crazy one!! again!!!, or maybe I'm the sane one, because I have let myself believe what I'm seeing, people talk about seeing is believing......its propaganda, sometimes believing is seeing lol......, if I didn't believe these things happening are possible, perhaps I'll be totally blind to it, yep, like the rest of the world.
So anyway, its somewhat easy to make money in DeFi and it is also easy to loose it, waking up today to seeing cub at 4$, I already knew I had to re strategize, it was time for some crop rotation,......lol from someone who paid zero attention in agric class.....
The thing is, I'm all up for $Cub, if there's anything harder than Diamond hands, I've got it for $Cub, I've learnt my lessons from Leofinance, that being said, each cent cub falls hits my $busd balance hard enough, I was loosing $Busd like no mans business, maybe I'm just exaggerating, then it occurred to me.......
....that I don't know how low cub will go or how long it will be low for, it will make my wallet look shitty, if it does stay low for long, to avoid this, I could as well leave the farm and continue my DeFi-ing in the Dens, the Busd den and Cub den, I mean, I'm a lion afterall and living in the Den is our thing....hehe..
On the upside, if $Cub does spike, then my 200 cub will go bazooka. Say 1 $cub=25$, that'll put me at $5k, nice!, plus I'm still mining, drinking all that APY till 10%! I might be wrong but this is the best move I think I can make to the best of my knowledge.
So we are at the point where we discover the type of impact(negative/positive) and how much impact the reduction in the issuance of cub will affect its price. Will more people dump cub? Or less? Are we going to see increase in price of Cub in short term?
IMO I refuse to believe we've seen the best part of burning Cub and all that reservoir money in action, I will like to see how burning will affect the price of cub when the rate of issuance becomes 1/block, because at this point, what I think is that people will hold cub longer before dumping it if at all they do to get a better value,....compared to now, do you see what I see? Need vision eyes?
I was sad when I sold my Dot, lol, now I can double my position at a cheaper price. It worrrrrked!!!
I'm here for the full pie.
IN TO THE LIONS DEN.
Thanks for reading.
I'm farming at cubdefi.com 😉
NFA. Kindly dyor.
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