Thoughts on PolyCub
My oh my... How easily people switch from FOMO to FUD!
I don't even think I've read much of what's been written regarding PolyCub lately. But I read enough to get the picture...
So, there are two opposite types of messages clashing about PolyCub. One type that hypes it, and it makes sense since it's a new platform, Khal obviously needs to promote it and people got excited as well.
The other side is not disinterested either for creating FUD, as you may notice if you read between the lines.
And with a trustworthy enough influencer it's not hard to create FUD (or FOMO) about something, especially when the price action plays in your favor, which was expectable for POLYCUB during the high-emissions phase.
But let's be honest, if the price of HIVE would be on a serious decline, do you think a number of points to bash HIVE or our ecosystem and seem credible cannot be found? And Hive is an established ecosystem, not a new platform which can't compare on any level to Hive.
Does the comparison between Polycub and bitcoin hold a serious analysis? No, of course not. They are two different animals and the only thing they have in common is the halvenings, and even those at a different pace. But for marketing purposes, it makes sense to associate with the name of the toughest animal in the pack. And I don't think anyone really believes PolyCub will be the next bitcoin. Too late for that, and there is only one bitcoin.
What the purpose is is that PolyCub will be a successful model long term. And to make money with it, obviously.
The deflation itself won't be enough. Because a limited amount of tokens for which there is no or little demand, will still go to zero.
The challenge will be to assure that demand long term, even without counting on (much) external demand.
Currently, there is no active mechanism to buy POLYCUB from the open market. That will come once the emissions rate drops significantly and after more features to build up liquidity (PoL) are released (bonding, at first).
Liquidity in PoL is currently built from the 10% fees on kingdoms.
But bonding and collateralized loans will probably bring more liquidity to PoL over time. Remains to be seen.
Something maybe not enough people have seen, after the emissions drop off, there will be another incentive to hold a portion of your PolyCub portfolio as xPOLYCUB, to receive the full yields on kingdoms:
That should add some buy pressure that doesn't come from PoL, but from people who stake in kingdoms.
Neither hype nor FUD are good for us. But for example I did use a good portion of my CUB rewards over time for other purposes. While I don't regret that decision, if I had compounded everything (usually in farms, I didn't really like the CUB kingdom prior to the airdrop), I'd have a higher airdrop now.
It's a matter of long term thinking, plans and sticking to them. Often that means ignoring price action, FUD and FOMO.
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Many , many "investors" are extremely sensitive to FUD. Nothing new.
That is why 98% of them get rekt.
At the present (early) stage of PolyCUB project, and yet such a microscopic liquidity, things are not subject of vise analysis, predictions, forecasts
At todays $0.44 pCUB, even 1BTC injection from outside would surge pCUB 1.5X times up
2 BTC's would make the pCUB price DOUBLE !
Imagine what hapens, if some time in late summer 2022, when pCUB sits at $0.20, and ONE Bitcoin ( worth $95000 by then) wants to come in .
1BTC = 475000 pCUB ? ( or 7% of a entire MC)?
In fact, my imagination is not powerfull enough for such a task.
Bring the pCUB down to $0.2 and 1 BTC new injection is guaranteed from myself ALONE :)
It is so funny to see some ppl concider their "short term" = 1-2 weeks, and long term = 5-7 month.
Personally for me "long term" starts somehere beyond 2-3 years
This is also something to consider when someone says "if I had been involved in bitcoin since 2011 I'd be a billionaire now"? Really? I bet for the majority it still wouldn't be the case, because they would have sold long time ago.
I'm sure you are not the only one waiting for the right moment to act. And anyone caught with a dumping mindset at that time won't be happy.
majority? yes.
But not me
I have talked once (when BTC was around ATH of $19500) with a guy, who purchased 1000+ BTC at $0.1-0.15, and held them until $990 per BTC . Then he sold. Almost all, 99.9%
I wish you could see his face.
&
I know I can do better...
It must be hard. Keeping an asset after it goes 10000x requires very, very strong hands and a great understanding of where this is going. You certainly had both.
No photos? :)
Sorry, no photos.
He was only 15 minutes in my car, as my Uber passanger :)
Dollar cost averaging all the way down on my xPOLYCUB. Just keep stacking in my approach. The FUD is due to a lack of understanding of the design of the system. Is it warranted? Sure a lot of fluff out there.
However, Khal has a history of eventually delivering on what he outlines. We will see Bonding and Collateralization. Plus the weighted rewards is also coming.
Posted Using LeoFinance Beta
Yeah, I believe that's a good strategy that disregards short term price movements. I'm mostly in and other than the airdrop, maybe I'll move more LEO over, but I'd be good like that. Entered mainly at around 0.7$ during first or maybe at the beginning of the second week, so I collected some nice rewards too.
Weighted rewards? What is that.
Have I missed this...
Great information. A little over my head but I got the gist of what you are saying. Thanks for your post.
Thanks for regularly putting up with my posts, even when they are not often easier to grasp.
The inner workings of PCUB are honestly beyond me. I was struggling to follow edicted's post. I do understand mistakes were made with CUB. I was there from the beginning and watched it unfold. edicted may be correct that mistakes were made with pCUB. Personally I'm not unset at honest mistakes. From CUB I watched as Khal slowly corrected things and put a lot of effort into correcting it, and I have a lot of trust he will do the same for pCUB. That trust will be keeping me in.
!PIZZA
@dbooster.spt, sorry! You need more to stake more $PIZZA to use this command.
The minimum requirement is 20.0 PIZZA staked.
More $PIZZA is available from Hive-Engine or Tribaldex
Nothing is perfect. And influencers often know exactly what buttons to push to create or amplify the effect they want at the time they need it. That's why DYOR is not just an acronym, it allows one to understand better what one is getting into and be less influenceable by FUD and FOMO.
I know that it's not nice to call this a game, but I will do it just for one reason... In every game, you have losers and you have winners, and as @onealfa said in his comment, in our case 98% are losers...
The idea of Polycub isn't based on that we HAVE TO HAVE losers, as the mechanisms CAN make it sustainable... But having people who are FUDing and get rekt is just adding oil to the fire of additional earnings for those who have patience... ;)
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I'm ok with waiting. It's unfortunate many will probably be on the losing side because of the FUD, but the remark is correct: most "investors" are losers, and most of the time because they can't control their emotions.
D'oh. I keep forgetting I'm logged into my alt account. No pizza there. Here you go
!PIZZA
!PIMP
You must be killin' it out here!
@dbooster just slapped you with 1.000 PIMP, @gadrian.
You earned 1.000 PIMP for the strong hand.
You can still slap 1/2 more people today.
Read about some PIMP Shit or Look for the PIMP District
Lol, I was wondering what's with the spt account commenting on this post.
What's with the PIMP tokens? I started to see them more often but haven't seen any info on them.
PIZZA Holders sent $PIZZA tips in this post's comments:
@dbooster(1/10) tipped @gadrian (x1)
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That sounds like a fair tradeoff. I am just taking a watch-and-see approach for PolyCUB. It's like new territory but I do plan on staking my airdrop though.
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I do that daily. I did my share of investing earlier and I'm ok with that. Now only adding the airdrop, mostly.
Polycub can not be like Bitcoin because they are different things. Bitcoin is the King in the market and polycub can't replace it but polycub can have name,but can't replace Bitcoin.
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I agree. It's just for marketing purposes.
Ok boss
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Trouble is all the FOMO happens at the initial offering (IPO), leveraged by the creators (sellers), then people begin doubting and the FUD sets in and people start dumping. The price bottoms out, stoking more FUD (all the fears are confirmed) and more selling until some whale comes along and saves the day by scooping up all the tokens for cheap.
Avoid the FOMO (yes, fearlessly miss out on the initial price), be drawn in by the FUD (get discounted tokens), then ride the slow recovery.
That's a good description of what happens. But there are opportunities even during the FOMO phase. I actually got a pretty good price of entry early on, at around $0.7 POLYCUB, with the bulk of my investment (pc/xpc ratio was probably around 3-4 at the time, I don't remember exactly). Coupled with high yields since then, I am pretty pleased, and I have no intention of selling no matter where the bottom turns out to be.