A lesson learned from Cub

I ran into a thread by @onealfa where he put out a poll for people to vote in their views about Cub. Interestingly, at the time of writing, out of 4 options, 5 people voted and only one option had two votes.

Cub is a project that started out with a lot of project and excitement but things haven't exactly gone to plan. Despite the token becoming deflationary, the slump has continued.

At the time of writing, Cub token is trading at a measly $0.013 or in English, slightly above 1 cent. That is a rather underwhelming value for an asset that held so much promise and traded close to $10 at some point in its history.

Now, I'm not here to delve into what went wrong or make a ruling about the project because despite the slump in the value of the token, Cub Finace is still a functioning project. However, on the surface, at least, I can speculate why the price of the token is taking quite a beating.

For as long as I can remember, the crypto community has always been interested in shiny things. When it's new and fresh, people jump in and in those moments, make a lot of money before they split.

When Cubfinance came around, there was a lot of excitement and that was reflected in the price of the token. Today, things aren't exactly going according to plan and this has invariably drained value from the token.

Pulling out and being careful

When I started pulling out funds to facilitate our relocation plan, Cub token was among the earliest hits. I pulled out everything I had in liquidity pools and the plan is to use it to pay for certain fees.

Pulling out doesn't indicate that I have given up on the project because I don't think I would have actually made that decision if I didn't have these plans to facilitate. However, pulling out turned out to be a colossal loss for me at the end of the day and this is one of those situations that I have learnt from.

I didn't pull out anything from Polycub because it takes too long and there's really not much there to use anyway. Everything there was received through an airdrop, so I have no worries riding it down to zero if that happens.

Anyway, the cub situation taught me a lesson that I applied with GLX and while I didn't execute it properly, I think overall, I'm in a good place, IF 0.009 is truly the bottom. Anything above 1.5 cents puts me firmly in the green zone and considering there might be a pump from launch hype, I'll say I am holding a pretty strong position.

I have gained and lost in this crypto journey. Cub is just one of many projects that offer a working project but unfortunately, the token is heading in the wrong direction. No reason to panic, it's just a lesson learnt.

• Leo Glossary
• Hive. vote page

Posted Using LeoFinance Alpha