RE: Suffering through a grizzly bear week of Splinterlands and pack 19 opening
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You have summarised the tokens quite well and I see nothing but downfall. While a part of me consoling my mind saying that it's just the bear, bull isn't dead yet, the other part is mourning the gradual downfall. GLX seems to be a flash in the pan, for the time being I thought it will keep rocking as an SPS alternative, but that hope too is gone. Whatever is happening, I am still hoping to get a good return from the SPS investment in the coming days, can't say when but some other day. They surely do have a plan for everything.
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I am not sure there is a plan for everything, or at least not a strategic plan. And I think SPS is a governance token, so at some point the Splinterlands team may not have the control? I am pretty sure Splinterlands took hedge fund money also, which will limit internal decision making also. GLX is a token without a game. I was excited about it. I think there's more real world appeal for the soccer game than Splinterlands. But with the loss of 45% of the team and the need to keep Splinterlands from going on life support, I think GLX will not bear any fruit for a long time. I am also clinging to SPS as the token that pulls through. I am converting my GLX rewards, vouchers and my DEC rewards into SPS. When I consider the trading volume and market cap, I don't think any other Hive related investment has the same long term potential to be profitable. Maybe Leo?
Perhaps HIVE has long-term potential.
I agree with that. Strategic planning is something we need for Hive, can't say if there is any or already in practice, but for me, the common user, understanding the financial complexity and inside mechanism is more than head-turning. What I understand is the utility, as long as new projects are coming with new promises in a transparent way, I can put my faith in that. And Hive is that faithful thing to me, holding onto the ecosystem as long as I can. That includes SPS too. Let's hope for the best.