Thoughts about Leo, Cub and SPT: Are you buying the dip?

avatar

image.png

Things have gone sideways in recent days and the value of most of your favorite assets have tanked. Naturally, this has led to the usual panic and I honestly don't get why.

This whole bear and bull cycles are just part of the experience and they happen so often, you'd think everyone would be used to it by now.

Then again, the market is constantly expanding and there's a lot of new money trooping in, so I reckon that's where the panic comes from. Then again, it's only natural to be spooked when you feel like you've lost but a loss is only a loss when you sell, so it's kind of a choice(barring a medical emergency).

BTFD dude

On the flip side, we have my favourite kind of people a d the ones I listen to more often than not. In my opinion, they're the heroes of the market because they always have a strategy.

Whenever there's widespread panic, it's almost like the BTFD(buy the fucking dip) people are partying somewhere because accumulation is nigh.

This is why I spend all my time devising strategies. At the end of the day, the goal is to buy the dip and increase volume. I just want to stack coins and make more coins with my coins.

Unlike many people, I don't have any source of income in the real world, so my idea of buying the dip is basically moving crypto around.

So what it basically means is that I use one thing to buy another, and another and another and another until I have a chain of things all buying from each other.

Leo is veryyyyy cheap

Right now, I have a bunch of assets that I'd like to buy as soon as possible. One of such tokens is Leo and I've been contemplating when to pull the trigger.

I have a tiny stack of Hive and HBD right now, and based on the price of Leo, buying it would moderately improve the amount I have staked.

One of my main goals in this game is to be called a whale. I know it's just a "tag" and doesn't mean much but it'll make me feel really good about myself.

I want to accumulate as much Leo as possible and get my stake to a point where my vote carries serious weight. I want to be very involved in curation and it'll take a while but one step at a time.

What's up with Cub?

Can someone mansplain the situation with cub and why it's going down the toilet? It started dumping before the widespread dump by the way.

There's been some dev work going on and a lot of excitement due to the Polygon addition. However, all these moves aren't exactly being reflected in the price of Cub.

For what it's worth, I'm not losing faith in the project. I'll still be stacking as much as I can and using the platform for my activities.

I hate seeing the value of Cub go down but I already decided it'll be long-term, so I'm not bothered. Everything that I stake on Cubfinance is going to be there for a very very long time.

The only question is, when are we getting to the bottom? Do I buy this dip as well? Where the hell do I even get funds?

SPT staking on my mind

One of the dumbest things I ever did was sell off my 150k SPT tokens that I had staked.

I sold it when SPT wasn't what it is today. It's a dumb move that haunts me but you can't dwell on the past.

In recent times, SPT has grown by multiple folds and I've been thinking about improving my curation efforts there.

I'm always looking out for ways to make any real change and I feel curation is one of the ways. The only issue is that my SPT stake is currently kind of small but that doesn't matter because I still curate.

Also, I decided to stake every single token I earn from my posts until I get to at least 100k SPT tokens and by that point, I'll only take profit from curation and continue staking post rewards.

Splinterlands and related assets were somewhat immune to the dump, so it's going to be a challenge to market buy SPT. Also, SPT is kind of scarce right now because it contributes to the SPS airdrop.

All I know is that I'm going to keep adding to my stake and growing my portfolio in the process.


Contact & Support


Posted Using LeoFinance Beta



0
0
0.000
16 comments
avatar

Yes, I am BTMFD bro! 🚀 Got me some CUB yesterday. I am staking all of my SPT and delegating it to @monster-curator to earn more SPT everyday. ✌

Posted Using LeoFinance Beta

0
0
0.000
avatar

Nice. Seems like that's what everyone's doing. I like having a hand on experience with curation, but right nowz especially with Splintertalk being so clunky, I might do the same.

0
0
0.000
avatar

I began delegating all of my SPT to monster-curator in order to compound my gains. As a busy student with so much going on here, I don't always have the time to hunt for awesome Splinterland posts to curate, so this is a win-win situation to support great content creators.

0
0
0.000
avatar

Saves time and maximises your earnings. Nice idea.

0
0
0.000
avatar

Nice idea bro. I like to invest for long time, like 2 years or more.i don't fear when crypto are selling because I know it will correct and continue up. When I fear is when I trade it in forex trading, even I only trade 10 peaks,I don't trade More than it in Crypto currency.
I have staked the little leo token and POB token I have.
I will be adding this staking every month, what I get from curation reward,I will stake it.
Thanks for the information.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The LEO is at a gift price, and by the time December rolls around it will go up to $1 or more.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I think CUB itself is kind of a closed system right now and I was hoping that the IDOs would help it. Price-wise it should since a lot of CUB will be burned but most of the people who bought in already built their position so I think the price won't go up too much for now.

As for SPT, I like monster-curator because it saves time like most of the other people.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Its interesting. I had a few little bags in the cub farms which are being migrated at the moment. Ive taken out my liquidity from V1 CUB-BUSD, DEC-BNB, and BLEO-BNB, but somehow I just dont feel compelled to put them back in to V2 liquidity.
So I used the BUSD to swap for BLEO
The BLEO I think I will swap for Leo and stake so that I might stand to get a bit of airdrop if project blank ever turns up
The CUB I will probably just throw in the Kingdom
And the BNB.... Im not sure.... maybe I will consider the CUB-BNB pool, but then again.... maybe I will just swap for more Leo? It does seem so cheap right now.
But Im also buying HIVE because of the SPK network airdrop and the sense that hive may see a bit of supply shock over the coming months due to awesome projects eating it up.
Who knows!?
This ecosystem has become more and more complicated. Im glad I dont have to consider SPT! Its bad enough worrying about my SPS airdrops and trying to work out how much I will invest in Chaos Legion when it comes out.
I didnt realise I was signing up for a full time desk job! ha

Posted Using LeoFinance Beta

0
0
0.000
avatar

but a loss is only a loss when you sell, so it's kind of a choice(barring a medical emergency).

So valid... But third can be scary tho.

Anyways, I don't know what to do concerning cub

But I think the problem with cub lies in the marketing and awareness.

Cub has potentials but if there are no investors then the project can't grow.

Lets keep buying the dip.

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

I think the reasons leo and cub are going down is because there are better opportunities elsewhere - you stake bleo with bnb for cub, sell the later because it's nothing special for better yields elsewhere.

SPT is just riding the Splinterlands wave. There is no way that's not going down - hence why I'm selling what I earn, but I'm quite lucky to have almost one million staked. Crazy not to sell at the current prices.

People on here talk a good game, but in reality they farm and sell.

Posted Using LeoFinance Beta

0
0
0.000
avatar

1 million? Damn, that's like $10k in today's price right? Nice going man. I wish I didn't sell mine when I did but whatever, it's all part of the game.

Well, at the end of the day, people have to eat and selling is part of the process I guess. Anyway, I'm just trying to stack some SPT to improve my earnings from curation.

I reckon that the Splinterlands hype will go on for the duration of the airdrop or at least half of the way, and in that period, I should have accumulated a decent amount through curation.

0
0
0.000
avatar

If I didn't have so many I wouldn't be selling.

It is around that much, it's crazy.

The whole of crypto makes no sense to me!

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

I try not to question it too much and just go with the flow. It makes zero sense and maybe that's how it was meant to be lol

0
0
0.000
avatar

Congratulations @belemo! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:

Post with the most upvotes of the day.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 20
0
0
0.000
avatar

I think I'm going to get some good shopping from Leo this week, completely undervalued and at outrageous prices. It is still at its highest support for weeks, so take advantage of it!

Posted Using LeoFinance Beta

0
0
0.000