RE: GLS & GLX token: What's The Gambler In You Saying?
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First of all, I liked the last bit of the title. “What’s the gambler in you saying?”
If it is a loss, it's more devastating, but if it's a gain then it's always bountiful.
I guess I’ve never really thought about it like this until now. This actually makes me see whales as much more risk takers than the rest of us, and helps me understand why they’re doing everything in their power to increase the value of assets. They’re literally the first line to bleed and the ones that bleed more in this market.
I don’t really understand the details of the SPS/GLX dilemma, but I think not totaling cashing in or out on GLX is smart on your part. You’re basically in a partially open position that you took profits from already so that provides a bit of a safeguard in case the dump traps you. I think a dump will definitely happen, because like you said, the SPS/GLX whales will distribute their assets and cash in their profits eventually and late comers will be left holding their dicks in their hands.
Thanks for that detailed comment. The truth is that, yeah, whales have a lot to lose or gain. I'm sure you'll become a whale in the future when you throw in some investments or maybe somehow else, this is when you'll begin to understand some whale attitude, it's either they win big, or they lose big.
As for GLX, it's continued to defy the odds, I know many people are currently perplexed as to how this is so, but that's because the big boys haven't started selling just yet. However, I've made some decisions, so technically I won't lose when it begins to dip.
Whatever goes up must come down. It’s just normal market dynamics. Even though you’ve taken precautionary measures already, I hope GLX doesn’t flip on you soon, and that you milk the market as much as you can and exit before things go south:)