$VIS & $SLP Prices Dumps Hard, Did I Cry?

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Avatar for Eybyoung
1 year ago

VIS and SLP are both utility tokens of play to earn games, VIS for Pegaxy and SLP for Axie Infinity, these are tokens we earned from playing the game. Due to massive hypes on social medias, SLP pumps hard last year, summer time to be exact (April-May) with a whooping $.39 as all time high while Pegaxy hype started Jan-Feb, VIS pumps magnificently last February 2022 with an all time high of $.25 per token.

Many people wanted to get in the game during the hype season, and it's hard to get in especially if you don't have money to invest because it cost a lot.. like almost 100k or $2000+ for a team in Axie Infinity and one Pega on Pegaxy that's why many are finding scholarship - like me.

Image: www.finder.com

Now that VIS and SLP dropped badly people are now losing interest on the game and opted to find new games that is more rewarding, I understand the feeling as I am not just a player but also a little investor especially in Pegaxy since I invested money to buy Pega. Mostly active ones in #Club1BCH invested their money and didn't get back their ROI yet, I felt bad for them coz I on the other hand manage to secure my initial investment and book some profits, and PVM too. It's always a smart move to secure some gains and capital always. Although I fail it on my other tokens, especially in SmartBCH.

But due to wanting to help my siblings earn their own money, I invested back the gains I had so I can buy virgin Pega to breed. I think it multiple times if I should invest back or not, but the urge of breeding made me bought new Pega just so I can give more horses to my siblings.

Did I stressed out myself thinking about my investment?

Well sometimes yes, but I am the kind of person who are trying to avoid stress.. instead of stressing myself seeing the VIS and SLP price I just grind, race and breed.. I don't even bother looking at my Pega's win rate or my Axie MMR as long as it is not below 800.

Although we talked sometimes in the chat how shit the new updates, I always laugh instead of acting like a madman.. coz you know it doesn't help at all. Thinking about loss only ruin our mood and can make us stress, as long as you didn't put the money intended for bills, food and any important funds..we shouldn't stress ourselves too much.

Since May 2021 when crypto market crash badly down to where it is currently, I have understood that everything in crypto is inevitable.. coins can pumps up to the moon and it can also drop even lower 6 ft below the ground. I've also learned that if you are at lose, never sell.. you never lose anything as long as you didn't sell at lose, 1 VIS= 1VIS or 1SLP= 1SLP still no matter what the dollar price.

Image: https://axcited.team/

You might be surprised one day it will pump and exceed it's all time high, as long as the game developers and it's team are keenly working for the long term game economy. Pegaxy is always transparent, I love how Corey and his team working their best to make sure Pegaxy game economy will be sustainable. While Axie Infinity are also doing the same although I'm getting annoyed as they keep changing Meta every season, but it's also one of their strategy to lessen the SLP minting and all Axie's will be usable based on it's card statistics.

(Wrote this before the ronin hack, somehow Sky Mavis devs promised to get back the $600M that was stolen by the hacker - click this to know more about ronin hack.)

Don't expect too much

Our expectations are always the ones that can hurt as badly, when we expected that these games will be a life changing opportunity.. something that can give us fortune like others. If you didn't joined as early like other players, don't expect too much that their outcome will be the same to yours.

Some said playing P2E is like a ponzi scheme, those who get in early will be fortunate and those who joined late will be unlucky.. partly you can say that, but it's not Ponzi scheme since you didn't invite anyone so you can have your payouts. It's always about the law of supply and demand.

When whales took their profit, the price of the coin or token will drop..and when it drops people are having FUD (fear, uncertainty and doubt) that they don't want to invest back on the said coin thinking it will never recover and those who bought will endure the bear market. Due to that factor the demand has lowered causing the supply overlaps, so eventually price will drop and cannot recover not unless new investors will come.

How would they get new investors? It's when the token or the game will have new updates, showing the game economy is stable and safe.. that will bring trust to new investor, when more buyers come in the market price will spike as it cause more demand.. resulting to tighten the supply circulation. That's how trading works.

So did I cry over VIS and SLP dump?

No, big girls don't cry. I believe it will recover, it doesn't matter how long it'll as take long as the game still existing.. it's fine.

There's no easy money, if some people got lucky.. I'm pretty sure they've lose a lot first before they gained. It's always like that, you have to experience failure first before you get success.

It's always the hardworks that pays off, if you want a quick rich scheme then crypto is not for you.. only the strong ones survive. If you like to have an easy cash, be a drug lord lmao.

Lead Image: news.coincu.com - modified

More Crypto Articles:

6 Pega's Rented To My Contacts

No More Below 800 MMR (Axie Infinity)

First $UMA Tokens I've Got

Tara Magtanim Nang Puno: Retweet To Plant A Tree 🌴.

Grow Your BCH Satoshis In Bitcoin.com

Earn FlexUSD While Holding It

First Time Pegasus Breeder

I Earned 0.70 BCH By Playing Axie Infinity

Studying UMA To Become A SuperUMAn

I Am Now A Chad P3 Racing Jockey

Bitcoin Cash Accepted Here

How To Cash Out VIS Direct To Gcash-Bank Acct. Via P2P In Binance

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Date Published: April 6, 2022

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Avatar for Eybyoung
1 year ago

Comments

It was one of the games that I joined where I invested some that I lost interest in joining more games because of the trend that it builds hype at first then the value of its token dumps. I'm not giving up totally but when the time comes I will have some extra again then I will find another game to join.

Good luck!

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1 year ago

Yeah don't lose hope, the game still new..

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1 year ago

actually sa lahat ng nft games na nasalihan ko, wala pa akong roi.. but again, big girls don't cry nga.. i even want to buy a pega too soon pero di ko alam pano magstart hehe

ung slp ko naman I am staking it for RON sa katana... where's the best place pala to stake bch?

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1 year ago

You can stake it on Nexo or in Celcius..but they are all centralized just up to you if you want to risk it.

Madali lang naman mag start at mag buy nang Pega..

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1 year ago

Wala akong ganyan sis, kaya hindi ko pah alam sa ganyan, huhu,

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1 year ago

Ko ko mandin mag buy at hodl mg slp lalo now mababa pa sys hmmm. Baling mag buy 🤔

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1 year ago

Wag ka bumili utility token, maigi yung governance token AXS at PGX..

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1 year ago

Ehhhh, ang daming may hodl ng slp ee, hirap pala wag nalang. Si asx naman ang taas na masyado haha baka magaya kay cakey ba

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1 year ago

Kung Axie player ka okay lang mag hold pero kung di naman ay wag na haha

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1 year ago

motaas ra nag balik madam...salig lang jud...same sad sa BCH nga mo pump balik to $1000..

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1 year ago

Kaya nga madam hoping hehe

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1 year ago

Binalik mo pala ulit Yung 500$ mo na capital non? Salute ako dun sa urge mo na ihelp Yung mga siblings mo. Sana nga tumaas na vis kahit Piso lang.

$ 0.00
User's avatar Yen
1 year ago

Oo pinangbili ko nang Virgin Pega, di naman ako nagsisi kasi now may 8 Pega na ako.. sana nga tumaas para ganahan din sila maglaro haha

$ 0.00
1 year ago

Kaya nga. Dami mo na pega. Nag iisp ako tuloy kung iroroi ko muna sakin josko haha.

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User's avatar Yen
1 year ago

Pwd mo nmn e ROI there's nothing wrong with securing investment.. before you grow your Pega.

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1 year ago

I roi ko nga muna hehe

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User's avatar Yen
1 year ago

Tama ka ate kung iiyak tayo , wala naman magagawa yung pag iyak natin. Wala tayo magagawa kundi mag hintay nalang kasi nasanay naman na tayo kung gaano ang pagtaas at baba nila.

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1 year ago

Oo nga mamatay lang tayo maaga pag magpa apekto tayo sa pagtaas baba nang price nila haha.

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1 year ago

Surely the token price will be high again dear.Don’t be stress for it and as I know you can handle this situation. Be strong dear.GOD bless you.

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1 year ago

I played in the past a game on Tron called IOI and has a similar concept with racing, although Pegaxy is a professional production with cool graphics. Seems though, the initial profits you guys had dropped rapidly recently. I remember Axies in the beginning, nobody really cared. I even had 2 Axies and tokens too from airdrops just because I retweeted some messages. And two years later these were worth a lot. It could be the same with Pegaxy.

I'd love to see something similar on smartBCH but these developments are heavily funded by venture capitals and even billionaires. Needs connections participations, in conferences, a network that connects the team with the investors. Maybe the team of smartBCH can be be part in some discussions. Polygon had billions of dollars entered between 2020-2021.

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1 year ago

Same here, I'd like to see the same in SmartBCH something like Axie and Pegaxy so I won't have to keep going to other chains for the games. I agree they are heavily funded by billionaires, if SmartBCH can be like that for sure it can produce a game that will be like Axie or Pegaxy.. that will be a game changer for the whole BCH ecosystem for sure.

Your comments somehow enlightened me that Pegaxy will be the same in Axie since it's still young. Hopefully it'll be like that, so at least our efforts and investment will pay off. Thanks for dropping by :)

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1 year ago

Pero nkakaiyak yung hndi nagbenta ng VIS nung nag ath 🤧🤧

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1 year ago

Oo nga.. pero tataas din yan tiwala lang. Professional graphics nang Pegaxy eh di pocho pocho lang kaya tiwala ako tataas din yan hehe.

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1 year ago

Ganyan talaga malaking problema ngayon sa mga reward tokens. Habang dumadami players, dumadami din namimint na tokens at dinadump sa market.

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1 year ago

Oo kasi magsi bentahan kasi.. pero kapit lang hanggat di rug hahaha

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1 year ago

Have faith ate eybyoung tataas at babalik din yan.

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1 year ago

Yes ma'am Eybyoung it will recover po. Tiwala lang po tayo at mag pump po ulit. I agree ma'am Eybyoung dapat hindi talaga mag expect ng sobra kasi pag hindi mangyari sobrang sakit po ma'am Eybyoung. Yan talaga nireremind ko sa self ko ma'am para hindi masaktan at the end.

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1 year ago

Big girls don't cry, ang taray, hehehe.... Basta ako enjoy playing lang and hold the vis. Di ko na iconvert muna hahaha.. Un firat payout ko kasi eh nisell ko eh..

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1 year ago

Oo ganon na lang muna enjoy playing na lang tapos hold.. malay natin tataas pa haha.. ako enjoy breeding na lang naga bawas na ako trabahuhin hehe pa rent ko na lang mga horses ko.

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1 year ago

Anak ko eh yan ang plano nya, mag buy ng pega then breed, sa December daw, hahaha.. Hold nya vis nya til December😂

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1 year ago

Aw hehe nice plan sis, pang long term naman plan nila Corey sa game and heavily funded nang mayayaman yan kaya for sure there's no late frame in owning a pega.

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1 year ago

San nga talaga sis, ako eh plano ko din bumili hopefully magawa ko..

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1 year ago