So You Bought pCUB and are Down 90%?

 

If there is one thing certain in this uncertain world currently, it is that pCUB will be down a further 10% by the end of next week

Sorry, I just had to make this joke - you know to laugh away the pain from seeing my pCUB vanish into almost nothing. Well, that is in terms of valuing it against $. That is of course just one metric and perhaps a poor one. The @leofinance team has been amazing at bringing out new updates wiith pHBD bing the latest addition. This addresses some of the earlier criticism that I was having: lack of use cases/value for the *CUB universe.

The addition of pHBD is a massive success (in terms of volume) as @edicted mentioned and should continue to grow. Although I have personally not added any liquidity for the reason highlighted in this post: pCUB has basically crashed 96% since its $4 top and is now down to 14.5 cents 13 cents. Like I said, every day just keeps delivering. At this rate pcub will be worth about 1 cents in a couple of weeks. Hmm, buy the dip they said... the current APR of 27% is therefore essentially a trap. You might have a 50% loss on your polycub at then end of the month if you want to avoid the 30 day penalty (which means that it is closer to 13%). It is therefore a much safer deal to just stake HBD on Hive.

But the fact is that the fundamentals for the CUB universe are still very good as we have seen what the leofinance team is able pull off. The only problem is that the team is faced with the raw market forces which have wrecked the project (again, in term of $ value). The sharks out there won't give you a free meal. The diamond hands of the leofinance community are now holding the bags and one has to wonder: how much more can pCUB drop?

Nobody knows for sure, although I have heard 10-20 cents being thrown around since the market cap is now so low and the fundamentals strong enough to prevent it from falling much further. But then again, if BTC breaks current levels and falls to ~30k, we would probably see pCUB at under 10 cents :/

It's also not good that CoinMarketCap seems to have delisted polycub."The market data is untracked", which probably means that they think that it is a "shitcoin" not worthy of being listed here. But that is our chance to prove them wrong :P

My best advide for all the bag holders is

to buy more pCUB... Really? After taking 80-90%+ losses you say? Yes... it's essentially the only way you'll be able to even out your losses...potentially. I know because I bought CUB at like 30 cents and sold it back at 60 cents last year (after being down 50%) and coming out slightly green.

Average out your positions, but of course don't spend what you don't have. Since Hive has also lost ~40% value since a couple of weeks ago it's not like Polycub is left alone in a sea of red. So I thought that I might take my Vouchers which you get by staking SPS and selling them to Hive and then buying pCUB with it. The reason: Vouchers went up by 100%+ since the same time frame, so I am selling at least one asset that made a profit. But even selling Hive for pCUB might be worth it.

But don't take my word, we might be down another 50% by next week :/ ... or up by 100%

 

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As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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