(P)CUB -99.5% - Some Afterthoughts

I have been occasionally giving my thoughts on (P)Cub since its launch

You can find my last update in August with the catchy title "R.I.P (Poly)Cub" here. Back then I made the decision to sell all my PCUB at around 10 cents because I could see no bottom to the trend and used that to buy KOIN (which was one of the best investment decisions I did). It was also based on my initial criticism of PCUB having no utility. Hive account@taskmaster4450 correctly pointed out that there actually was a big use case I missed: the bridge to Polygon as well as the Binance Smart Chain. This is still something I find incredibly useful, especially in case Hive gets into trouble with the regulators. We will then need a bridge for Hive to other networks so we can keep the chain alive with capital in and out flows. So yeah, this is actually really great to have. But so far this has not really been appreciated it seems as the value of both tokens just keeps dropping. It might change, however, when Hive gets delisted on one of the major exchanges.

One of the things I want to point to in this post is the hype that was surrounded with the token. We heard all the hype from Hive account@leofinance how this was going to be a token going to the moon. Remember that? PCUB was designed to be deflationary and was therefore guaranteed to gain value, right? Well, no. Hive account@edicted was one of the few that criticized the approach the team was taking (high inflation of the tokens for just staking them) and already back then called for a price floor of about 15 cents. How did that turn out? Both PCUB and CUB are hovering now at around 1-2 cents.

The thing that I hope people learn from this is to always do your own research. Don't trust the hype. I am sure that 99% of the people who were involved at some point with (P)CUB lost money. And probably even 90% or more of it. The tokens are now down 99.5%(!) from their ATHs. That's not something you see everyday. The only case that happens is when a project is dead, like LUNA. But kudos to the team that they are at least still trying to develop the platforms! (P)CUB are not dead yet! So is now the right time to invest? Probably not.

This is how the chart is looking. It's one of the worst I have ever seen. And at this point it is going to take a gargantuan effort to start the engine again. Who would want to buy a token like this? Anyone who buys in now is going to be used as an exit liquidity. It just dumps right after a bigger purchase. There are obviously still the hardcore fans like Hive account@onealfa.leo who left a comment last time:

In their opinion we just have to wait until things sort themselves out. I would share this opinion in any project I had confidence in as well. HODLING is a big part of crypto and has gotten most rich who have sticked with good projects. So I guess the question is: Is (P)CUB a good project with a future? You'll have to find an answer to that for yourself. It might be an amazing opportunity and a 100x gem. But you'll probably need a lot of patience and a bag of money you can use for speculation.

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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