The trick to earning a good return on the Robiniaswap launch on October 1st is to buy BNB a few days ago …
Why ?
Very similar to the LeoFinance Cub launch the people who bought BNB before the launch did very well…
Why ?
Everyone will need BNB to add Liquidity to the Pools, then everyone will need BNB to pay all the fees.
It’s like the Gold Rush … the people who did best were those buying the picks and shovels.
BNB is the picks and shovels.
Got BNB ? I hope so.
Follow Robiniaswap on Twitter for the latest news… https://twitter.com/robiniaswap
Chart: https://coinmarketcap.com/currencies/binance-coin/
I hope Blurt goes to the moon too… at least it will have a very high APR
What Is a Pick and Shovel Play?
Essentially, the pick and shovel investment strategy involve finding a major trend taking shape — in Levi’s case, it was the California Gold Rush — and investing in the businesses that are essential to the supply chain of that trend. This could be any business selling key ancillary products, or services to industries that are taking part in the trend. Going back to Levi, those products were pickaxes, shovels, and hard-wearing jeans.
When a big trend is underway, a flood of money and competitors start vying to dominate the market. As an investor, it’s like a game of roulette trying to figure out who will come out on top (you can also think of Yahoo and Google in the early days of the search engine game).
Investors could take a diversified approach and invest in all of these companies, but this essentially guarantees that you will see losses on some of your positions — some of which will be permanent. The pick and shovel play allows investors to take part in the upside of a trend while hopefully minimizing its risk.
However, supplier businesses generally work with all the major competitors. If one major competitor goes bankrupt, the supplier business still has others to supply to. This greatly minimizes the risk for an investor deciding which company to back. Rather than guessing which business will come out on top, why not bet on the company all the competitors rely on?
In addition, most of the attention is on major competitors during an emerging trend. Many of these “supplier” businesses are undervalued in relation to the big names of the trend. This undervaluation provides another layer of downside protection and a larger margin of safety.
Source : https://investorjunkie.com/investing/the-picks-and-shovels-guide-to-investing/
What I did with CUB was to ignore it! Bought LEO at 2 then sold at 3 - so 50% profit in about a week. So, yes, buy the tools or open a restaurant outside the mine ;-)
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