Investment Cycle #2

28 May 2021

Investment:
0.1 BNB in Clucoin | 0x1162e2efce13f99ed259ffc24d99108aaa0ce935 | Token Received: 174,069,900
0.1 BNB in HotDoge | 0x1991501f1398663f69dd7391c055bb0df6514f76 | Token Received: 973,440,300,000
0.25 Cake in Furnace | 0x6e5842017e5d54644d8ece2987399ea442f1cddf | Token Received: 12,451,860,000

Price Per BNB $370 | Price Per Cake $17.70

Why I Invested:
+Clucoin :: Buying the dip. Legit project, extremely popular, owned by a famous gamer/YTber and has a use case for charity.
+ Hotdoge :: Buying the dip. One of my first investment in crypto. Legit project. Solid community. Not a scam.
+ Furnace :: Buying the dip. New portfolio for me. Like the “punish the paperhand tokenomics which require a min hold of >6days, if one attempt to sell before that it either cannot be sold or require slippage >45% (yucks!). Looks so far legit project. Only launched on its 4th day.

My Hesitation:
For both Hotdoge and Clucoin I dont have any. For $Furnace, the only thing that is proven for this project is its not a rug or scam (they would have disappear by now). With the “paperhand punishment tokenomics” I would not know for sure if speculators or whales are keen. Lets see after a week.

Target and Results Achieved:
+ Target: Clucoin and Hotdoge 0.15 BNB Furnace 0.5 Cake

Graphs $Furnace :

Experience So Far :
1. My experience buying my first IDO project and looking at the launch of a few other presale/IDO project is not profitable as prices tend to dump to below listing price or even below presale price (i.e Mercor Finance) making recovery of capital taking a long time or impossible. Change my strategy to buy dips of legit projects or projects that have launched for 2–5 days.

Learnings So Far:
1. TBU

Conclusion:
1. TBU