Pulled the stake out of the GLX vampire today...
GLX once was a revenue generator when staking.
Remember? It wasn't too long ago that GLX was selling for $0.30, like a month ago.
GLX Website image
And now, we are at $0.046. That's a serious decline.
Tribaldex website image
The value of GLX is dropping around $0.01 every few days.
Since there is no use for GLX yet, I expect it will continue to decline. More GLX is produced everyday from SPS staking and GLX staking. INFLATION EATS!
There's going to be even more on the market everyday for a very long time. More supply, less demand and what happens? Prices drop, and drop and drop and drop...
So I am cashing out my little stake of 186. The $7 it generates will go into purchasing more SPS. Which is also declining but at least at a lower pace.
I think SPS is likely to rebound sooner than GLX, or at least SPS will hit a flat line. And SPS generates more SPS, GLX and vouchers, so there are several avenues to cash the dividend check.
What's your GLX strategy? I plan to buy back when it reaches less than $0.01.
And remember free advice is worth what you paid for it!
Posted Using LeoFinance Beta
https://twitter.com/1529793684128022528/status/1602294314935148550
https://twitter.com/992897738810580992/status/1602298858117206021
The rewards earned on this comment will go directly to the people( @methodofmad ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I am already getting enough SPS for the game, So i will keep stacking my GLX. I already had my investment back, So I will keep taking small profits to the point of $0.01. Then I will only stake. Right now I have around 2000 GLX. I restake around 60% and take 40% profit.
I was staking 25% of the GLX, but I want to reach an SPS goal and I don't make enough in the game to get there. 2023 is my dividend year, so I am looking for ways that the Hive and Splinterlands investment can pay out. The end goal will be more HBD in savings at the 20% return, but I plan to only move the profits from Splinterlands and Hive into the savings account.
Exactly! I also am funding my hbd savings with the dividends, to build even more dividens in the savings account.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Thanks for the curation and I have upvoted your comment. I will add @indiaunited to the list that I follow.
It's probably true it will continue to drop, the more money you print the less it's worth.... The way I see it on this token is it didn't cost me anything and I honestly don't have all that much of it. So I'll just keep racking up the free tokens for now, and if it's worth something down the line so much the better. If it's worthless in the future it didn't cost me anything so great loss! I agree with you though, selling isn't a bad idea and buying back in later. If I had more GLX that's probably what I would do too! Have some pizza!
!PIZZA
Thanks! I am focusing on SPS for 2023 and ROI. !Pizza to you as well.
!hbits
Success! You mined 1.0 HBIT on Wusang: Isle of Blaq. Sorry, but you didn't find a bonus treasure token today. Try again tomorrow...they're out there! | tools | wallet | discord | community | daily <><
Check for bonus treasure tokens by entering your username at an H-E explorer or take a look at your wallet.
Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.
That is exactly what I am doing. Speculation is that Genesis will be in a year or two another big hit for the Splinterlands Team and then you will be glad to have kept the GLX. 🤞🏻
It's always a roll of the dice to an extent!
!LOLZ
lolztoken.com
At dive bars.
Credit: reddit
@borsengelaber, I sent you an $LOLZ on behalf of @thebighigg
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(1/6)
I gifted $PIZZA slices here:
urri2020 tipped methodofmad (x1)
@aurikan(1/5) tipped @methodofmad (x1)
thebighigg tipped methodofmad (x1)
Join us in Discord!
I don't know about GLX I know about three tokens offerd by splinterlands which are Dec, SPS and spt
Is it GLX another token of Splinterlands?
Another thing is brother be careful while investing in SMT's hive based smart media tokens 🙏❤️🙏
GLX is from https://www.genesisleaguesports.com/ which is the new Soccer game by the developers of Splinterlands. When you stake SPS in Splinterlands, you receive GLX. Then you can either sell the GLX or stake the GLX for more GLX. I never heard of SMT. What are those?
Thanks brother I will check GLX, brother SMT smart media tokens is a gernal term used for all tokens created on hive blockchain like Leo, sps, pob and spt etc
As you know different communities and tribes on hive blockchain have there own tokens, all these tokens called SMT's smart media tokens ❤️
Congratulations @methodofmad! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 7000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
I have 2 coins now, HIVE(95%) and SPS(5%). I am thinking of 2x-3x the SPS stack in this bear market. !PIZZA
I am pretty much the same. I have a little Leo and SPT, but I think SPS will be the long-term best investment. As I rent cards, I am converting the DEC to SPS. Staking the SPS and selling the GLX and vouchers.
Yeah you are right gamified project almost down 90'/'. I am sharing with you my story. I have invest million dollars into axie infinity. Axie infinity reward token down almost 99'/'. I am also stake axs coin. In starts its apr is very good but now it also decline but something is better than nothing. Hopefully GLX and gamified tokens recover his position in next bull market.
GLX isn't going to recover anytime soon. It's inflation driven like SPS. It will hit a flat-line and then a small bump up, but it has a long way to go down. I think all play2earn games are a snowball. If you can get ahead of the inflation and outrun it, you might come out a winner, but most people are going to be rolled up in the snowball.
Yeah it's reality gamified projects never going up. But its my wish slp will recover because i have invest my life saving.
I am selling and staking daily round 60 / 40 split. Not sure what to make of GLS in the long-term as I didn't buy any packs.
I was doing something similar, but I think I would have been better off to sell it all as the SPS stake created the GLX. I think GLS could have more broad market appeal than Splinterlands. The customer base is broader and the sport is recognized worldwide. Unfortunately, I don't think the development team is able to deliver it to market anytime soon. I almost bought GLS packs, but instead I added a second Splinterlands license. It's all a gamble at this point.
!PIZZA😎
Keeping all the GLX and hoping of another gaming success like Splinterlands. Might take a year or two but I am confident the Splinterlands Team will make it happen again.
I plan to buyback in. I think the low point will be less than $0.01. The development to the point of being an active game is probably a year away, like you mentioned, so I think there will be time to get back in. I need the revenue from the GLX to keep growing the SPS. I think GLS will have a wider appeal to players than Splinterlands.