$BULB price down🙁Use cheap $BULB for useful things 🤓

BbyA...nMtW

11 Aug 2024

256

Buy The Dip - What this isn't

If you've been around crypto for any length of time you'll have been exposed to the myriad of memes and stereotypes that abound in a largely anonymous, 24-7, chronically online sector.

One of my favourites is "buy the dip". It speaks to the nihilism that is an ever present undercurrent in all of crypto.

At it's least interesting it's the rallying cry of social media "traders" who will often throw it out on most downturns hoping to see one of them rebound spectacularly and so they can delete all their other posts, reference the one they were right on, and use it to build a larger audience.
Below is a rare example of one of these "influencers" clearly hedging their bets in the "buy the dip" post. It's great theatre to be sure.

Read more on X

"buy the dip" is synonymous with scams though.
I am an avid tourist of memecoins (but actual trader of very few) and on X and in Telegram chats the minute insiders dump out on their holders you'll see the reactionary "buy the dip!" posts go out (even as the project is literally imploding).

Often these will persist well after the token project has been abandoned. Which can lead to some unintentional case studies of shared delusion meets stages of grief.

Currently these Telegrams are examples of this playing out in real time. The most interesting ones are always the projects that have some legit hope of things turning around (however small).

Solmedia / $MEDIA https://t.me/SolMediaTech
Solmail / $MAIL https://t.me/solmailofficial

No better study has been done on this phenomenon than the excellent Folding Ideas documentary about all the stuff that happened (and is still happening) after the GameStop saga event that we're most familiar with.
If many of the phrases are familiar here it's because a lot of these people would go on to transition seamlessly into crypto scams either as the scammers or the ones being scammed. Or both.

$BULB and "the dip"

Recently we've been seeing some angst and anger on the Bulb Discord over the token price.
It's understandable to an extent as the token price has been bad. Really bad.

https://birdeye.so/token/A6JVLMAjR1aeCfz3X2z4vVQ9GafYWVT75tC5V5qefja2

Whilst it's not worth going into the ins and outs of the events that led to this (no one comes out of those looking good, including myself...) this does throw up an opportunity to ask:

do we buy the dip?

Investors vs Writers

Not all $BULB holders are avid users of the platform just as not all avid users can be thought of as investors in the platform (despite also being $BULB holders).

From a purely investor standpoint, unless you have a longer time horizon, the current outlook isn't great for adding to your current holdings, even at these prices. I think you'd struggle to make a 3-4 month case for holding $BULB as an asset.

Staking yields are less than you can get other places and the trading volume currently (added to the lack of listings) means there isn't likely to be a much potential upside in the next few months.

I won't go into any more detail about staking as @tengocoins wrote an excellent guide to $BULB staking which I encourage you check out
https://www.bulbapp.io/p/42397f94-ef57-4f96-b699-d58923565129/staking-my-first-10k-bulb-and-why-i-believe-in-bulpappio?s_id=9c6dded2-820f-4f70-a2aa-fedf3180e51a

For most tokens that's where this conversation ends as there's only two things to assess: future price & predicted yield.
If these are high enough for your likely take profit time scale then you buy more. Otherwise you go with another option.

For $BULB though there's another option to consider.

Build out your Bulb profile now for cheap

If you are a writer on Bulb, and you're looking to stick around for the long term, there's an opportunity to build out your profile by unlocking and upgrading features now whilst $BULB is cheap.

Access to all the features

At time of writing it costs about 0.65 USDC to unlock all the features.

https://jup.ag/swap/USDC-A6JVLMAjR1aeCfz3X2z4vVQ9GafYWVT75tC5V5qefja2

https://www.bulbapp.io/bulbmoji

BULBmoji

I've written about BULBmoji before so if you want a deep dive on them see below.
https://www.bulbapp.io/p/0490feb8-ae5e-470e-b76c-a6494fb0f1df/bulbmoji-as-tokenised-pow-stores-of-value?s_id=8a0452f6-c333-4441-ab87-88db25e3fb7a

There's two things you can sink cheap $BULB into right now

unopened packs
upgrades

There's 19 unopened packs in the Shop at time of writing.
https://www.bulbapp.io/shop

Upgrades get more expensive at the higher levels as do the BULBmoji slots.

https://www.bulbapp.io/bulbmoji

Tipping & Premium Articles

These aren't an upgrade/unlock perse, but times like these are an opportune moment to engage with both.

At time of writing 100 $BULB is 0.025 USDC.
1000 $BULB is 0.23 USDC.
You can show your appreciation for your favourite writers on Bulb cheaply and... you'll get on their leaderboard easily too.

https://www.bulbapp.io/community

The same with Premium posts. You can access them more cheaply and others can access your Premium posts more cheaply too. If you were looking for a time to start a premium strategy now is it; whilst people have a very low barrier to entry for your writing.

Not Financial Advice

Bulb is a start up.
Crypto as a whole can be thought of as a start up.
Start ups have a high failure rate.

This should be in the forefront of your mind when deciding to spend money on more $BULB tokens (or ANY token in crypto, even the majors).
Don't spend anything you can't afford to lose is the rule you should live by always.

But also: make sure you understand what you're paying for.

We subscribe to multiple services in our lives these days. All of them offer features that you get whilst you're paying but you lose once you stop paying.
Bulb is a tiny platform at present but all the features you unlock/purchase are then yours forever more.

It's a different value proposition.