Why pancake performance is so terrible?

stomachgrowls

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Quote from: Chato1977 on February 22, 2022, 06:37:22 AM

Quote from: coinmanhere on January 30, 2022, 12:44:21 AM

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.

best not to expect anything good in this currency , instead of waiting why not convert your CAKE to more suitable coins like bitcoin or binance coin.
there are many currencies to invest than this shitcoin lol.
and i wont be surprise if you will end up losing more for this .

All matters with risk management on which there are people who do love to diversify things and we know the potential of exchange or swap sites.If we do tend to look back on whats the value of these

coins wayback on which they are cheap and now they do have that significant value which those people who trusted up earlier had able to make enormous profits.Now
we couldnt make out conclusions that its terrible just because it didnt have some significant movement? You couldnt tell on when it would move out
so its a matter of risk management.

Chato1977

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Quote from: coinmanhere on January 30, 2022, 12:44:21 AM

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.

best not to expect anything good in this currency , instead of waiting why not convert your CAKE to more suitable coins like bitcoin or binance coin.
there are many currencies to invest than this shitcoin lol.
and i wont be surprise if you will end up losing more for this .

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Quote from: imamusma on February 17, 2022, 04:37:49 AM

Quote from: Wahyuihib on February 16, 2022, 11:55:11 AM

I read every language of what you wrote. but I don't understand what coin you mean. and I can only conclude, if the price of a coin is determined by several factors, including the product, I'm sorry if the answer I wrote was not to your liking.

The first factor that is seen in a product is its quality and quantity so that how many people are interested and how many people are not interested we can clearly see, but for that matter, I myself have not made an actual search so I still don't know how to conclude

You forgot to mentioned the main reason why people invest in project and that is the roadmap and the potential of the currency .

because even if you know the quality and quantity but still has no idea about the team behind this and the future plans? then this is nothing to find in rightful manner.

Quote from: Wahyuihib on February 16, 2022, 11:55:11 AM

I read every language of what you wrote. but I don't understand what coin you mean. and I can only conclude, if the price of a coin is determined by several factors, including the product, I'm sorry if the answer I wrote was not to your liking.

you read every language he wrote but you did not read the TITLE itself?

if you really understand this post then you knew that it is the PANCAKE or CAKE that he is talking here?

Quote from: ?? on ??

Relax, not just only cake struggling to increase maybe it's not yet the right time for cake to shine, just keep holding it. The pancakeswap platform is very popular and just like you said it has many use cases so I believe the price will recover soon, just be patient.

Well it may but it may not as well, so best not to expect more instead learn to find ways to look for more reputable currency than this .

coco23

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Simply people keep dumping price of cake during expected bear market season, check the similar market performance on alternative swap projects. Uniswap and Pancakeswap charts share same patterns, better buy the possible dip if it goes down.

The problem with all those DeFi/Dex tokens is also their inflation. People are drawn to them when staking gives them xxx% rewards, but in the end this means that the inflation is also that high and the price for a single token decreases as soon as the early "honeymoon phase" (where the user base increases) is over.

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Quote from: minhtra on February 18, 2022, 12:59:32 PM

all the dex tokens have been having terrible performance. since then i start putting money into Layer 1 like avax, matic, fantom so much better

it's caused by those coins like L1 and web 3.0 were putting utility more than anything. I see that pancake has launched the Launchpad on its decentralized exchange site but it seems like people to use this token as a way to make passive income rather than use this to invest in the new project launched on the pancake swap.

I have been replacing whole of my defi portfolios with a better coin that can have better future. I meant defi was not so bad but the movement is too slow compared with another token. Remember if we will able to make money as long as the development is still giving more and more updates to bring FOMO. PCS didn't get FOMOed again. So many people are moving their money to the shit token on PCS as well.

wheelz1200

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Quote from: coinmanhere on January 30, 2022, 12:44:21 AM

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.

In a downdraft alts always get hammered. And when they do buy volume screeches to a halt. Since they rely on volume then these types of coins get hammered. But pancake is no different than any other alt in that it will drop far below this if we continue to slide as a whole.

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This is very normal in this bear market, when the bitcoin falls it is very normal for all other coins to fall with it, especially the coins that have a good rank in the market, so when the dump occurs, it is normal to find fear selling there as people are afraid of the continued decline and start selling their coins Which leads to an increase in supply and a decrease in demand, and this will inevitably lead to more decline as selling continues.
The pancake is a very good coin in my opinion and it will go up again. You just have to give it some time and wait for Bitcoin to go up again.

minhtra

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all the dex tokens have been having terrible performance. since then i start putting money into Layer 1 like avax, matic, fantom so much better

Kelvinid

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Quote from: QueenVera on February 17, 2022, 11:24:32 PM

Quote from: coinmanhere on January 30, 2022, 12:44:21 AM

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all.

Pancakeswap is the direct replica of Uniswap so there is no way the other will be performing poorly and you expect the other to be doing well. Pancakeswap does not even have more usability than uniswap so it is meant to be performing far worse but yet holding a good price be grateful instead if complaining.
We have other projects that have lost very significant amount of values, that will be very difficult to recover from. The market has very high level of uncertainty so coins would not be so positive with every bullish candle of Bitcoin.

After the hype, people won't look it back nor have a plan of investing these coins. If we can see how pancakeswap token suffered in great losses of its value and this is because people don't ever see its market potential. That is not to wonder how it goes like this as this already happens to others. It has to think that no shitcoins will ever to survive in the market, they gonna dies slowly. That is too important to invest potential coins, not these hypess made as surely it will recover after the storm but these shitcoin like Pancake had no chance for this.

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Quote from: Oceat on February 17, 2022, 07:59:44 PM

Quote from: South Park on February 17, 2022, 03:04:20 PM

I know it is really weird to see people with those kind of expectations but they are everywhere, burning mechanisms have been around for long but for someone that understands the law of supply and demand it is easy to see why something like this will fail, after all even if the supply of something is low it does not matter if there is no demand, and as long as a coin is a shitcoin eventually the demand will drop like a rock, but unfortunately newbie investors are unable to see this.

They are really unaware of this since I've seen it almost everywhere and it does exist in bounties. It's not just the pancake since there are various exchange like them who does exist and the burning method is always been applied to most coins to increase the price although the demand may not fund it but that was always the case that's why there's always a burning mechanisms. People are always expecting a money machine just because they invested in to something that doesn't mean it won't go down.

The problem is people still think of it like a pure demand and supply thing, forgetting that it doesn't matter what the supply is if it was virtually unlimited in the first place.

Like BNB itself, and now CAKE, it wasn't like it had to be mined by anyone, and it's just being produced in mass quantities, like loyalty points, which is what they actually are.

There's never a demand for loyalty points!

QueenVera

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Quote from: coinmanhere on January 30, 2022, 12:44:21 AM

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all.

Pancakeswap is the direct replica of Uniswap so there is no way the other will be performing poorly and you expect the other to be doing well. Pancakeswap does not even have more usability than uniswap so it is meant to be performing far worse but yet holding a good price be grateful instead if complaining.
We have other projects that have lost very significant amount of values, that will be very difficult to recover from. The market has very high level of uncertainty so coins would not be so positive with every bullish candle of Bitcoin.

Oceat

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Quote from: South Park on February 17, 2022, 03:04:20 PM

Quote from: slaman29 on February 07, 2022, 07:01:47 AM

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

What real utility does cake have?

I know it is really weird to see people with those kind of expectations but they are everywhere, burning mechanisms have been around for long but for someone that understands the law of supply and demand it is easy to see why something like this will fail, after all even if the supply of something is low it does not matter if there is no demand, and as long as a coin is a shitcoin eventually the demand will drop like a rock, but unfortunately newbie investors are unable to see this.

They are really unaware of this since I've seen it almost everywhere and it does exist in bounties. It's not just the pancake since there are various exchange like them who does exist and the burning method is always been applied to most coins to increase the price although the demand may not fund it but that was always the case that's why there's always a burning mechanisms. People are always expecting a money machine just because they invested in to something that doesn't mean it won't go down.

South Park

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Quote from: slaman29 on February 07, 2022, 07:01:47 AM

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

What real utility does cake have?

I know it is really weird to see people with those kind of expectations but they are everywhere, burning mechanisms have been around for long but for someone that understands the law of supply and demand it is easy to see why something like this will fail, after all even if the supply of something is low it does not matter if there is no demand, and as long as a coin is a shitcoin eventually the demand will drop like a rock, but unfortunately newbie investors are unable to see this.

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Quote from: bitkanu on February 16, 2022, 11:22:06 AM

Quote from: aruldaroy on February 04, 2022, 10:12:30 PM

So far as far as I know the performance of pancakes is fine and nothing is bad but there are lots of fraudulent coins that are so easily released on pancakes without them thinking about the risks, sometimes they don't even pay the fees.

You may think it's fine but it's not for the creator of this thread. if he was buying at the top and that means if he was also loosing his money on the pancake token. This is horrible thing when you are seeing your portfolios are decreasing a lot as well. I think that he may not feel the same like you. You didn't invest in cake and that's why you're saying like that.

The thing is, you could buy at the top for something like Cake and if you calculate the staking profit that you are making, from nearly 50%+ yearly ROI from it, you will see that you are dropping the price average that way.

You spend 100 bucks to purchase a certain sum, lets just say 50 of them, means 2 bucks a cake, I know its more but just for example, then you stake another 50, which drops your average to 1 dollar each. You can calculate based on what you purchased from and how much you hold. So, staking is basically a way to drop your average, the price itself could go down, but if it goes down lesser than what you made from staking then you could still be in profit.

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Quote from: slaman29 on February 07, 2022, 07:01:47 AM

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

What real utility does cake have?

At first I do not believe when you call it a shitcoin but I check the op again and did a research and I guess your right. The reason is because I thought the op is talking about the cake coin by pancakeswap. They sound the same right ? and its obvious if where this coin gets an inspiration.

It is is really a shitcoin because shitcoin works like that where they copy a coin that is popular in the market. They think they can fool someone by mistakenly picking this coin and not the real pancakeswap coin. I do and defi staking are still popular up until today, that is why there are still shitcoin but I think they are not hyper as before. I do not know, maybe because the nft and metaverse came over.

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Quote from: Wahyuihib on February 16, 2022, 11:55:11 AM

I read every language of what you wrote. but I don't understand what coin you mean. and I can only conclude, if the price of a coin is determined by several factors, including the product, I'm sorry if the answer I wrote was not to your liking.

The first factor that is seen in a product is its quality and quantity so that how many people are interested and how many people are not interested we can clearly see, but for that matter, I myself have not made an actual search so I still don't know how to conclude

slaman29

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Quote from: btc78 on February 16, 2022, 07:17:22 PM

Quote from: slaman29 on February 07, 2022, 07:01:47 AM

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

specially when that specific shitcoin had already made its way up and when dumped still those greed people like OP still expecting a come back in which very ODD to happen.

Quote

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

same thought lol as i find it that way as well.

Quote

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

The famous Burning that fooled many investors in the past lol.

Quote

What real utility does cake have?

NONE

Yes all points agreed lol

Anyway a word in now with the timing a week done, I don't give advice to people but if you're an "investor" in all these type of "defi coins", now is a really good time to sit and look and ask yourself about if you want to back the future of defi platforms that have:
-99% scam and rugpulls
-no single innovation to blockchain
-no single real utility. Comeon, defi is not utility.

btc78

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Quote from: slaman29 on February 07, 2022, 07:01:47 AM

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

specially when that specific shitcoin had already made its way up and when dumped still those greed people like OP still expecting a come back in which very ODD to happen.

Quote

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

same thought lol as i find it that way as well.

Quote

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

The famous Burning that fooled many investors in the past lol.

Quote

What real utility does cake have?

NONE

TimeTeller

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Quote from: Tumanggor on February 07, 2022, 04:38:51 PM

Quote from: nimogsm on January 30, 2022, 11:38:16 AM

the fall was pretty long, it didn't happen in a second.Why didn't you sell at the first price fluctuations?Right now, the best tactic for you is just to wait for another scenario, no one will tell you.I am sure that the token will rise in price, but it is not a month or two.

I also think so, may it will take a month or even half a year for sure for pancakes to be bullish again

I bought $cake at $18 and even though the price is now down to $8, I'm not going to sell it, I bought it from the start and was planning to make it a long-term investment, when bitcoin is bullish again, of course, pancake swap performance will come back again, the defi concept will not die

I am not following pancake's progress in terms of their development.
But if you are a holder, you can keep up what's going on with their platform.
I have very little amount of cake so I'm not worried about it.
But to gain its value in the market, something needs to happen as there are rising competitors already.

Wahyuihib

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I read every language of what you wrote. but I don't understand what coin you mean. and I can only conclude, if the price of a coin is determined by several factors, including the product, I'm sorry if the answer I wrote was not to your liking.

Topic: Why pancake performance is so terrible? (Read 530 times)