Riding the CumRocket
Today Elon Musk tweeted CumRocket to the Moon in emojis.
CumRocket is a cryptocurrency token on the Binance Smart Chain network and when the tweet came out, the price of the token shot up to the moon in the next few hours from 6 cents to 30 cents for a few minutes, a 5 fold jump.
Then down to 10 cents and then back up to 20 and then down to 16 and as of this time of writing, 19 cents.
I first “invested” in CumRocket on the 1st of May. After reading the white paper, the use-case on and the tokenomics on https://cumrocket.io/ I believed that while it has such meme value, it also had a great use case and I especially liked the tokenomics where every transaction is taxed 5% and 2.5% of the tax is redistributed to existing holders of the coin.
When I first bought $CUMMIES, it was 2 cents and then it went up to 3 cents the next day. Not bad… so i put more money in.
The subsequent day, it went up to 6 cents and I put more in and it went up to 13 again and 19 then until I had maxed out my maximum risk appetite for crypto and then … doubled it…
As you can tell, it’s not one of my best moments in risk management.
I was sitting on a massive x3 gain with 328 k of cummies until I finally stopped buying.
I was holding something I thought was so precious. The 2.5% redistribution was giving me an additional thousand cummies for every day that I held and I thought it was amazing making 1,000 x 0.20 = 200 dollars a day for just holding $Cummies.
Then CumRocket dipped and I kept holding it all the way down to 2 cents.
I held it until it reached 6–8 cents and finally sold it off breaking even with a small profit 2 days ago and celebrated my win along with my newfound mental wellness!
until today’s tweet.
