Taking a break from P2E pandaland instead of leaving
29-05-2022
As usual may is about to end and last year this month surprised us with a crash and took so long to make a new all time high later and now we're like going down to zero
It doesn't make sense for me to continue playing pandaland or any p2e game when its not worthy
Pandaland is my favourite project in SmartBCH and will remain favorite as they're seriously developing and didn't grab 1000 or more BCH
So it's a project which will perform undoubtedly when SmartBCH will perform maybe after sha gate arrival
We might see a flow of money into SmartBCH side chain can't say anything but sure about BCH holders will definitely move AFAIK.
Pandaland launched timing was wrong
It's been almost 2 months since hunting was launched which mean game launched officially and i believe it happened in wrong time
When hunt went live liquidity was above $130k range and BCH was more than $300 range
Since they launched hunt SmartBCH market was already in bear market and people's were only making money and pulling out liquidity selling PDA.
But at the same time we investor waited a lot for this moment and all i can say is a bit bad luck of project.
No one thought BCH will fall to $150 from $380 i was believing at that point we're now going up only and haven't sold a single cent there.
Liquidity in BCH instead of stablecoin
They had no idea BCH will dump this hard and since the game launched added all the liquidity raised from minting
In PDA-BCH pair and have realized this mistake too late when BCH was at it's historic low
And this dump effects a lot to pandaland project believe me or not it's a fact.
For now only $28k liquidity left and price dropped too much.
Reason I'm taking break from pandaland
It's been more like a week now since I've stopped playing pandaland and haven't even check my farms yet
Since the beginning till now my win ratio is pretty much above %60 or %80 sometimes
But the reason behind taking break from pandaland is
It's not worthy coz it cost me like $0.1 or $0.2 as gas fee meanwhile if i win a hunt I'll get 48 PDA which cost around $0.09
Not even a cent so playing pandaland means wasting gas fee for nothing and I'll prefer buying PDA from mistswap instead of playing game.
Not leaving pandaland just a break
I can't leave pandaland coz NFT floor is -50% like crashed down to 0.05 BCH as I've said this before
So I'm just holding my pandas NFT as of now I've only 6 NFT left
I got adjacent elements and good force and talent have spent PDA to upgrade when it was way more pricy
Overall 6 panda NFT left and have already sold 6 NFT till now don't know if i had recovered my capital yet
But last time have spent 0.3bch to upgrade my force of pandas only and now its not worth of selling coz floor is low.
Pandaland delivered it's promises
Reason i bet on this project is delivered what they've promised till now and let's have a look on their development
A PDA farm on pandaland
Hunting feature
Upgrading Force of panda's
Lock PDA and get force of pandaland
Some of upcoming development on pandaland
Making pandaland centralized
Breeding
Marketplace etc
Firstly they're working on making pandaland centralised which mean it will not cost any gas fee and we can play it without paying a cent
So till that moment I'm taking break from it.
Selling PDA earned from hunt on the spot
Even when market isn't well settle and doesn't make sense to sell yet people's are just selling their PDA earned from hunting
PDA is more likely 10x down from it's launch price 0.1bch = 1000 pda and now almost 0.1bch = 10k very soon if it continue to go down.
It does make sense of selling when PDA price was high even i sold and tried to get back capital but still selling is meant to destroy this project but it's a free market but at the same time whales in SmartBCH are just for their own benefit.
Well it's a different debate will discuss some other day.
Still farming PDA instead of playing
As of now been more than week already not playing and it's because I'm not into SmartBCH like before
Not for now coz mental peace matters a lot and those loss of mine are terrible
So being away I'm still accumulating PDA from farm
Haven't harvested since the start of may and more than 1600pda and still 500% Apr is too much
People's have pulled out liquidity because of impermanent loses and the Apr goes up from 300% to 500%.
fin.
Taking a break is way much better than leaving something and yet not sure when bull market will take place in SmartBCH
I've already accumulated gems in this bear market and only holding either will see loss recovering or going to zero but stay positive coz it does matter a lot.
You still have a lot, it's great to have a break. Nice a decision for now