Bitcoin Forum

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.  

Why so mad? Im down more than 50% of my portfolios.

Just give it more time and you must hope that it will recover later. You can also compare pancake's chart with uniswap's chart and im sure that you will be seeing the same chart between both. I have seen that as well.


Why do you think like that? It doesn't have unlimited supply. You can check it on CMC. People are just dumping their cake during the bearish market and the pressure was so strong. that makes it so difficult to recover again.

Yeah they are bad too but not that bad and that is what really making me consider is it even worth investing. I understand with crash everything is going down. But my issue is it is performing exceptionally bad. And it is going way down it was in the top coins to go down but when bitcoin recovers it hardly moves like even right now bitcoin is in green reached 38k but this coin pancake is in red and going down and still at terrible $ 7.1

OP is probably heavy on Cake and he couldn't endure it anymore.

There is no limitation to the supply but there are mechanism to control it like reducing Cake emissions per block and token burning.

If you're comparing Cake and Uni's performance, here's the data in the last 30 days taken from Coingecko (Cake -40%, Uni -36.3%). I wouldn't call that not that bad.

It's not always the case that alts will move the same way as BTC. It's out of your control when Cake is still down but what's important is that the fundamentals are still there.

At first, Pancake is already not my type, since first, they are on Binance Smart Chain (BSC) a copy-paste chain from Ethereum, and most of the projects in Binance Smart Chain (BSC) are always getting rugged or scam, even this Pancakeswap which is a copy-paste of Uniswap too.

But about your rant about the recent dump, for me it's normal, most of the altcoins dumped too hard except Bitcoin, but I believe most of the altcoins who dumped very big, big possibility that they will bounce too.

Maybe you are focusing on the wrong kind of performance. If the project has use case and it's working, price performance is irrelevant. And when it comes to price, you have to compare it to everything around it. And that everything is crashing so why wouldn't pancake crash?

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.

Almost all Defi tokens are doing shit. And cake is also a defi token. Just look at sushi it is also down -79.6% from it's all-time high.
The price of DeFi tokens increases when centralized exchanges have regulatory issues. This is what I have observed yet. So just hodl your tokens don't panic sell

I don't think with pancake exchange performance is terrible but many shit coin easy listing on pancake because without paying fees listing just added liquidity only and can removed every time when developer want to make their coin scam. I think pancake exchange looks like etherdelta where every one can sell their coin just add contract address only, but there all of price depending with investor how much want to sell and buy before creating with order limit price.

Hug the dip, bro. There is always a time that you will see your portfolio crashing.

The bear market is really giving stress to new players on this game. Soon, you will be used on seeing it and automatically thinks of a way how to take that situation to your advantage.

Just move forward.

I also feel the same way, the $cake valuation that I hold dropped by 60% because I bought several hundred $cakes when the price was $17. I think that what affects the price of cake is because the value of bitcoin is decreasing, not because of the supply. definitely when bitcoin is bullish again we will see a bullish cake too.

Are you thinking to cutloss it? i do know that if the performance of cake was horrible but as per member said if it doesn't have maximum supply and that means inflation will always be happening forever.





Thank you for your correction and i do understand about that. Remember that the token burning must able to beat the inflation of cake and if this is not happening and it was a disaster. I see that even the token burning was doing so good but again no hardcap will be a long term problem.

I thought swapping will change the market , but like everything this seems to be just pumped and now facing what many had already and that is dumping , in the middle of 2021 Pancake is always in every thread in Altcoin section.
but now where are those Mooning for Pancakeswap?
Maybe best if you will full out your funds if you cannot take it anymore and use this chance now to re invest in different coins instead of this CAKE.

Try to view the market in general and don't zoom in to your investment coin alone. There's a lot of coin that suffer much terrible loss compared to PCS. Even big project like Solana, Axie, Avalanche and BNB are dump with almost same with PCS that still didn't fully recover since the last sharp dip.

We need to wait for Bitcoin dominance to calm down so that Altcoin will show great gains again. So far Bitcoin is still struggling to form a trend that's why altcoin is still not showing any sign of good recovery until now.

that's why its always good to learn how to make technical and of course fundamental in order to obtain more specific information especially the potential wherein rather than basing of the situation in the market such percentage itself because it's useless..  I suggest be smart next time when it comes investing and also leason learn, lastly educate your self first such how to pick good projects to prevent such situations..

It looks like this is your first investment in the cryptocurrency market. Whenever the moment of the first losses comes, the investor is very dissatisfied. Don't worry about that, because nobody in this market made money quickly. As you gain experience and understand that drops in prices and increases are just happening, you will start to approach the situation much more calmly and start making money.

I had lost a great fortune on this project. I could remember when I bought as $18 per Cake and suddenly it falls to $16, I was still patiently waiting for the price to go up until I saw $14, $13, then $12. I knew that something is wrong somewhere even when other projects were doing fine, Cake was just ranging. I sold it in loses. Now I saw $7.9 which shows that many Investors had dumped it.  Maybe it might go up soon, who knows

As long as the platform is still doing good in the business, they still have the chance to recover.
There are still a lot of users of this exchange, so I am not losing hope that they will go up again.
For now, most are in losing stage. But if the site itself is active and still attracting users, then, for me, they have the chance to grow.
Among DEXs, pancake is still in top 3 position and they have very good trading volume.
So if you bought it above $10, better hold if you can hold because there's hope on this one in my opinion.

The percentage of token issued was more compared with what already burned. If you have invested heavily in this token and that means you have known this before. have you done a research before buying this token at the peak price. Even the inflation rate was not so big but this will be affecting the price for cake in long term. What you can do waiting for another pump to happen with this token.

Unlimited supply and yes. Bitcoin was adding more pressure to the cake and it's hard to believe if this token totally over valued at this moment. The same performance showed by another swap token as well but it seems like when bitcoin will be recovering soon and the price of this token will increase too.

I often trade on Pancakes and I think it's good, if there is a new token with a small LP of course it makes us have to add a bigger percentage, I once had to fill the percentage up to 40% and this is what makes us wary to invest new coins and the easiest way now is to look at the number of LP.

I don't like the tokenomic from this token. This token didn't look good at all and it's over valued. You were so crazy by buying it at the high price. Yes it has unlimited supply and burn mechanism but again token getting minted from the contract is even higher compared with the regular burn that already done . This is creating the same ecosystem like SLP but the only good thing inflation was not so crazy like SLP.
You can't expect a token with unlimited supply like this to have good performance like another swap token which has limited supply. It will be going down if the market goes down even more.
It may need months to recover but im not even sure if it can reach the your position again.

You can put your anger aside and try to calm down because the market is volatile and sharp, and here you can wait and follow the path of the currency price in case the market continues in a downtrend. You can take the chance and buy more cake tokens and then you will make better profits. is not it!!!

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

I think the answer lies in something else, there are too many competitors in the same direction, the cake coin has become unpopular, plus the last IDOS on pancake were unsuccessful in terms of profit, all this overlapped with each other and we see negative dynamics.

Since the crypto market is speculative, we can't say $15-$20 is not achievable. Maybe who knows what will happen in the next bull run or so.

If Pancakeswap is worth to invest, trust your instincts. You won't choose that coin if you didn't see its potential.

And lastly, don't come to the conclusion that crypto is just easy stuff where if you target $15, it will happen.

Cake is now at a price level that it shouldn't be so there is hope from some people to be at a higher price from now on, because I would prefer to see Cake at $20 as I had seen it before the correction occurred.

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.
I've used Etherdelta and Frdelta in the past and the pancake swap performance is almost the same as theirs so it's easy to get scammed.

Swapping is a new trend so i think pancake is just resting while regaining support and power.

Cake shown its force last year and still keeping the power though with the market weakening all coins suffer dumping but this does not mean it will stay forever.

If you trust the coin then just keep it there but if not then it is time to sell lol.

That's right, now is still a very good time to get Cake at a lower price because the market and all Altcoins have not experienced a big increase even though today everything is in the green zone and that was very good for everyone at the beginning of this month.

Never expect a worthless project to perform better than a promising project. They simply exist because someone had created it but nobody will be able to take of it but just leave it to die, it is soon to die anyway. It wasn't just terrible to look at but that really comes even we don't like it. This is the reason why investors don't fall that much in this project, they are only riding the hypes and then let go after getting some profit.

Whales don't hold any of this coin as they know what gonna happen next. If you still have left in your wallet OP, I guess you have to sell them before they die. That is probably a clever idea.

The market has just started to recover.Some alts have already begun to show growth, while others are still waiting.I am more than sure that the author's problem will be solved soon and he will return to his previous values, more patience and time are needed

I think that is what happens to that token when bitcoin moves in any direction because Cake is down and the other coins and tokens at the market if bitcoin is down. You should calm down and do not panic because that is the thing to see the chance to buy back for any coins or tokens you want.

If you think that Cake is not good anymore for you, you should search for the other coins or tokens that will work well. You can not just stick the same coin or token if that does not benefit you.

the current situation is still not too late because if you look at the market it is still not fully back even though it is now green but this does not rule out the possibility to return to the red because some people are still speculating about the bearish.
I personally don't really have a problem with this as for buying a cake now it's good enough but this is only for a certain period of time and we also can't rule out what the future of this coin will be because what I see on this coin does have progress but I don't really like this coin tokenomics

I don't think that's going to be a big problem for Cake either as long as an exchange like pancakeswap can still operate very correctly and can also provide new services to all their users, so as long as there's gradual improvement I think Cake will be fine too.

Cake is the native coin of pancake swap exchange. Its a decentralized  exchanges that is built on binance smart chain. This is the first decentralized exchanges that built on bsc chain. And that's the reason its coin is pumping and its price pumped upto 44$. And now its price is moving near 10$. Its price is decreasing day by day. Because now, there are lot of decentralized exchanges available in market that supports multiple networks. Pancake swap supports only one network. And because of lot of coins listed its swapping takes more time than previous. So, its team to update its issues. And maintain the user experience.

They are now competing with other rising networks like SOL or MATIC. As pancake is only offering BSC tokens, they need to add their market offering. Even if they are exclusively serving BSC tokens, they may want to add services accommodating tokens under different networks. They can always make their platform competitive if they will adopt with market innovation. If they will stay to where they are now, they may follow the fate of Etherdelta.

Lol is this for real? yeah that's not a problem coz pancake lose nothing even when the value goes down but what about its holders? pancake is good but lack of innovation that makes it less volatile right now. If pancake can launch something like polkastarter in the past and this may become the popular launchpad right now. The problem is lack of development in the pancake.

This is the problem. With billion of marketcap and cake can become more innovative rather than only pegged with its scap and farm.

Cake is now in drowning situation , from part of ranking 10 now drops to below rank 50 actually at 54 and that shows how falling this currency is .

so buy this coin at your own risk , and I know that the support for this coin had been losing nowadays and maybe this will fall to rank 100 in the next coming months.

This is not a good choice for now guys so best to prevent from being dumped .

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 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

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.



Are you joking about this? Fork and etherdelta already dead. Pancakse has a better reputation compared with fork or etherdelta and i guess did you even watch the history of the fork and etherdelta? Etherdelta dead caused by it was getting sued by SEC and forkdelta is still alive but again this dex is almost dead.

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.

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.

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.

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

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



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.

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

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.

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.

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.

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.

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!

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.

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

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.

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.

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.

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.

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.

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?
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 .

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.