Bingo! You should visit the discord, money is flowing from Tomb and other cryptos to 2omb, because.... NGU!! The market cap of 2omb is less than $5M, the market cap of 2share is less than $18M You do the math if 1/10th of Tomb/Tshare goes into 2omb and I'm only talking about Tomb $ going into 2omb ,and that's happening, check the discord, I'm one of the Tomb guys With 3omb launching, this ponzi has 10-100x potential I get it, you got your $$ profits and want to move on, but when you tell me you still have ftm/tomb i question why? Just go to cash if you think this crypto winter is longer lasting
I was in Klondike Finance, so I know how these rides really go and what was the real intent of the devs behind these seniorage mechanics, also why and when they fail, which they are all destined to. None of them have been able to crack two key problems. 1) The algo pegged token needs to have a real usecase and 2) How to incentivize the liquidity if emissions on the incentive token stops. The goal is to actually keep close to 1:1 peg and not have these insane overpegged ratios. TOMB/FTM is good because the peg is steady and provides premium yield on what is currently a wanted asset, with minimal IL. And Harry Yeh stabilizing the protocol is a major factor. It won't last but he does have more tricks up his sleeve to keep Tomb going as the leader. TSHARE & 2SHARE are just farm & dump tokens at the end of the day, treating them more than that is taking big risk. They are under relentless sell pressure. 2OMB won't survive pressure on the peg, I doubt many will actually step up to buy the 2BONDS. It is possible that there is a new influx of new money into 2OMB, for whatever random reason, but I don't care to gamble like that. There are already numerous TOMB forks on other L1s, plus at least 2 on Fantom. Competition is tight and grows very fast, while the overall pool of capital grows slowly at best. It may seem like money should rotate from a lower yield TOMB to the forks but that's not how it went with OHM forks. As time goes on, each newer forks has less traction than the previous one, no matter how much juicier you make the APY out to be. Basically, it gets harder and harder to restart the same ponzi with each new iteration. I'm also noticing that the time windows on these are getting shorter & shorter. OHM fork season had more of a runway, the TOMB forks are running through much faster. Just my approach, I'm currently heavy on risk control & preservation of capital. There is too much yield & other opportunity to be captured in this space without taking such risks. Sure, you can hit it big on these risky plays, but on a cumulative level, they are very much a losing game no matter how you slice it. Exception to that is getting allocated via IDO/whitelist.
There's a lot that I agree on your post but mainly disagree with you on the 2omb, which is not to push it on you since you've already been there and done that, good for you to walk away with your funds intact risk management Yes, very important. It's the only way to survive. I'm on my 3rd cycle of the cryptos bull/bear so very important to preserve capital. You can't play if you have no chips I got decimated on the 2014 bear market and even I was prepared for the 2018 bear market, still lost 90% of the portfolio value from peak to trough This time around, I have enough cash to last many years of our family's living expenses If this is a bear market we're seeing now I am prepared to liquidate the rest of the crypto portfolio and go on a hibernation mode The reason my biggest position is boomer coin btc is because of risk management, least volatile and no liquidity issues plan of action Go to cash to eliminate crypto crash risk and to preserve capital 100% The thing is I'm choosing to take an offensive position in 2omb. It's a calculated risk. I'm getting paid bigly for that risk position Yes, we have the Fed tightening and interest rate hike risk, but with btc at $38K, how much downside risk do we have? Sure we can go down another 10-20k on btc and cryptos to follow suit but let's cross the bridge when btc breaks the 30k level On that same line of thought, how much downside risk does 2omb have from here? $4M market cap on 2omb and $15M on 2share and market is always right and you can see how well it has held up against this "crash" on btc/ftm TShare on the other hand can go a long ways down from here, which is why I've converted all Tshares to the 2omb/2share I still have some Tomb because like you, I believe Harry and his team of well financed investors want to keep the Tomb ponzi alive and growing with LIF3 and Fanty and Felix dex And one last note on 2omb, timing. You seem to think there's an urgent crash that is imminent and I seem to think it's not close at all, with 3omb about to launch, and NGU attracting funds from other cryptos projects, with the big fund flows from Tomb "investors" Anyway, stay safe, preserve capital, there's always a future bull market in cryptos when we'll get 100x on the next cycle on the many coins, if this cycle has ended
good luck, I guess. You never know. I just do know that with every passing hour the risk/reward on these forks get worse. All the other forks I jumped & jumped out of are deteriorating. It's the same rinse & repeat of OHM fork season. It is what it is. 2OMB dev himself said the truth, these are just ponzis, and that's what the code says. Don't treat them as more than that.