RE: Staking GLX - Reached 3000+ GLX Tokens Milestone | SPS Staking
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3k GLX is decent. Now is even a better time to buy into GLX.
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You are viewing a single comment's thread:
3k GLX is decent. Now is even a better time to buy into GLX.
Posted Using LeoFinance Beta
Yes. the Price is much lower as compared to last week's price was around 0.035$. Good time to invest and will get a good GLX token at a cheaper price. Thanks for visiting my blog. 😊
I have similar amount, don't you think the GLX price will fall down significanty??? (Generally, crypto is going up, so Hive + the node sale rush - what pushed up the GLX price - has gone.
I was checking the trades, some GLX speculator lost huge in the last few days... and generally plenty who store more for nodes selling what they left right now.
If the price goes down, I will see it as an opportunity to grab more glx. (According to me, it's always better to hold rather than panic selling in losses).
I was checking out SPS price, as the developers are the same. Perhaps, reasonable to compare to that. @dalz has a good blog, posts about it.
https://peakd.com/hive-167922/@dalz/splinterlands-stats-or-apr-2022-or-transactions-games-players-dec-and-price
So in 2021 it was mostly in the 0.20-0.40 range, last year 0.10-0.20, however today it is just 0.07
If the price trend will be similar (and nowadays is the top), it will be a huge loss, even in mid-, long term. Of course, there is the other side, what if it will jump between 0.50-1.00 around 1st game launch... then it can be huge profit from price jump + the game will be a free to earn in the future...
you see my doubt about buying more GLX at current price or not... :) :) :)
He covered good points in this blog.
I understand your doubt to invest more in glx or not. According to current market, Risk is higher. (As the market is unpredictable.) Its good to stay safe and not invest much. (or invest a small amount which you can put at risk)
i am thinking on it, too. don't you think it will go down further, more than 50% in the coming weeks??? I see no reason why it should stand in this price range. Crypto goes up, node sale rush is over.
I don't think that it will go down more than 50%. But yeah it can possible. Also there is good airdrop amount on staked GLX which will cover loss in coming time. I am going to hold it for long term. Also waiting for game launch to play game. So this staked glx will help later in game.
I am okay to even lose this amount. My doubt is about put more in it or not. Now, I see, these games can be really worthy if you are in them from beginning, so with this small amount, and some purchased packs, i will keep going with that anyway. However checked out other games 2nd level token price and its move in the last 1+ year.
Except dCrops, i did not find any more or less stable one. (Also that's the only one I know, which pays the staking reward in Hive directly, every day, what is a huge +++ in a possibly coming bull market.)
So a 50%+ loss of the GLX token value can take away all the profit from staking.
Have you been around at Splinterlands beginning??? If so how was that, as the developers are the same. (Can't find much about that in blog posts.)
ok. I think it's good to put more into it when the price goes down. But I would suggest investing a small amount to stay safe.
Yes, it will take away all profit. But our coins will remain fixed. So we should not sell at a lower price, instead, we should wait for a price increase to book profit.
I was not an early user of the splinterlands game. I ignored this game in its early stage. (Yes, developers are the same. Hence I am very excited and positive about this game.)