Careful Consideration
If you are staking WIN tokens in order to earn TRX and a small amount of USDT then you will know that daily dividends can go through periods of volatility. However, when you look at the statistics over a longer period of time, you will find that the return is between 25% and 36% per annum. This is relatively good, when you consider the risk factor involved in staking WIN. However, returns seem to be diminishing and even though WINK has been a trusted and consistent earner, it is becoming difficult to warrant remaining in the dividend structure.
Online gaming and gambling is definitely on the rise and is expected to increase significantly. However, platforms such as BetFury seem to be capturing a large amount of the market share. Currently, the BetFury daily dividend pool is approximately $2.5 million, of which 3% is paid out to BFG token holders.
That means that $75 000 is paid out on a daily basis to BFG token holders. When I compare the rewards I earn on BetFury in relation to WINK, there is really no comparison! BetFury is dominating by a very large margin and it is quite possible that this will only increase. I think the BTC dividends are quite a big draw card, as well as the fact that BetFury has quite a high paying faucet that all users can use. You can read my article on how I mine BFG tokens in order to earn BTC dividends if the idea interests you.
So I have had to evaluate my current holdings and how I in turn plan to respond to the market. There are a number of very viable options out there, so if earnings drop too much, it does not really warrant hanging on for safety's sake.
Adjustment Plan
Due to the fact that WINK could come out with changes to the platform and dividend structure, I have decided to sell approximately 60% of my holdings and continue hodling the remainder. There has been some chatter regarding the introduction of more tokens being introduced for rewards and obviously gambling. I have unfrozen my tokens and plan to sell them on the next WIN spike.
I will even be happy with a sell at around the 0.003 mark. My plan is to further my exposure in the Bankroll Network. The price of the BNKR token has dropped significantly and has been consolidating for the past few weeks, which is currently creating a good entry point. BNKR and BNKRX are obviously very much linked to news and new contracts being released. Bankteller is pretty active and creative when it comes to creating new and exciting contracts and I am sure he is currently working on the next addition to the Network.
Please remember that these are my own personal strategies and not financial advice.
To my faithful readers,I have recently started building a presence on some alternative platforms, so if you are on any of them, be sure to stop by! You can now find Sapphire Crypto on Leofinance via the Hive blockchain, as well as Uptrennd and Torum.
