Time to time the GLX bottom

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(Edited)

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The travails of GLX token have been well documented since inception. After an early pump, the token has continued to fade into oblivion and today, it is trading at a fraction of a cent.

This is a rather unfortunate plummet for an asset that is part of what many expect to be a huge game. Sadly, the early enthusiasm has dissipated into some level of apathy, which is currently reflected in the price of GLX token.

There's no denying it, these are dark days but I know the Sun will shine again. This project was always meant to be around for the long term, so as an investor, patience will be required.

I have been buying the token regularly since the glory days and in that time, I have seen the value of my portfolio diminish by over 70%. In isolation, it is a horrible situation but even the wider crypto market is not doing any better, so one can take some consolation in that.

No Pivot

I was looking at the numbers and wondering if there's a 500 IQ play that I could perform with GLX. How can I "maximise" the crash in value of GLX token?

The only thing to do is buy the dip and I think that's what I'll end up doing in patches. I will have to time the bottom and strike when all or most of the dumping has ended.

Looking at the price trend, it doesn't look like we've actually reached the bottom yet. If I were a punter, I think the token could drop to as low as 50% of 1 cent before "climbing" back up to 1 cent.

So, in essence, that will be my target and at that point, I'll be buying 1K GLX token for $5. Prior to that, the average 1K GLX price in my portfolio is around $18, so, yes, I am in pain.

For what it's worth, I think GLX still has a bright future but I doubt it will move anywhere, anytime soon. The exploit left a nasty taste in the mouth of investors and with GLX constantly dumping, it is easy to see why enthusiasm is so low.

The launch of the game will alleviate the pain but I doubt it will be a significant pump. Barring an actual bull run in the crypto market, I don't see how GLX token will even reach 5 cents.

Interestingly, in the midst of all this negativity about the price, GLX still has an inflation schedule embedded in the code. This will naturally increase the supply of the token along the way and with no sink to absorb all this supply, it will be the market value of the token that suffers.

Posted Using LeoFinance Alpha

hive-167922 leofinance glx splinterlands hive hive-engine proofofbrain vyb oneup cent
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13 comments
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Start trading it on our defi and make it worth more... And grow your stake! It's on us to make the value...

Blaze it!

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Link me bro.

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Don't you have hivekeychain?

I do a secrets of hive class that covers trading and investing. I'm working hard on getting more glx-sps diesel pool investment. I get paid to have these tokens. Trade into making.more.

I use tribaldex.com I believe.

If you want I can teach you how to buy low sell high..

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if you dont mind to ask, how much is the apr on that pair?

do you know anything about future glgt pairs? do they plan to create glgt pools anytime soon?

do you understand why people are selling packs for $2-2,5???

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My secrets of hive class has the information where they publish the rates...

And yeah you can buy low and sell high end up with more.... That's secret 2.

If you want to take the class let me know.

Beeswax.io? I share the links and walk people through it all... Even given people some tokens to get started trading in good pools.

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(Edited)

i am interested in where they publish the rates. i hold only sps&voucher:swap.hive at the moment, but i was thinking about glx and definitely wanna get in glgt pools, when those appear.
the liquidity pools look good, but i strugled to find those rates. (except splinterlands related ones.) would be nice, if you would share, where i can find those.

thanks, but i dont want to trade these 2nd layer tokens, prefer trade outside hive. i see some people do it, personally i think that's create more bad than good for the projects, generally for hive blockchain, as these are still very small projects.

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It's how you do things... Hang on I'll get the link.

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https://beeswap.dcity.io/pools

Here.

I teach how to trade and add value to these projects as well as personal investing in the finance rates.

I only trade on tribaldex.

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i mostly use tribaldex, too. however, i still don't see APRs of liquidity pools here. you know, there are several pages, where you can check out SPS, Voucher pools APR. Also, do you get any GLX rewards for glx pools? if so where, how can you check that? (at least for counting out the approx. APR.)

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Shows you all sorts of info I teach in my class. I figured it out with exploring.

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