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Four months ago, I was introduced to Pegaxy by my former guild, AxieBCH. This horse racing game was the second play-to-earn NFT game I've tried next to Axie Infinity. In the first few weeks, it was really exciting, knowing that it could be a great source of passive income for me. It was until it reached its ATH.
Since then, people kept taking profits and the VIS price started declining. Despite that, I was still hopeful that it would eventually bounce back again. Thus, I kept reinvesting by breeding more and fusing instead of selling my VIS. In the back of my mind, as long as Corey Wilton and his team are still working hard to enhance the game, there is still hope in Pegaxy.
However, despite their effort to keep the game alive, the price of VIS keeps declining until it went under $0.001. At that very moment, I kinda felt like it was time to accept the truth that my investment in Pegaxy was a total failure. I was sad at first and regretted coz I could have secured the capital when it hits its ATH, but I was too greedy that I waited for my second claim rather than selling the then-current VIS I was holding. The worst part was that I even waited further until VIS was no longer worth selling.
For a long time, I tried to be optimistic that one day, everything will be alright. I was positive that I stayed loyal to them until one day, I just lost all the hope left in me. So after over four months of racing, I finally decided to let go. I finally sent back the two Pegas from Coach Steve three nights ago and all my personal Pegas were being rented out too. I was just tired of spending so much time racing them and the price of VIS wasn't even helping.
Thankfully, I have moved on with my losses way before this crash hits VIS. So now, despite the current price, it didn't bother me at all. I know the loss was kinda huge but I'd just think of it as part of my journey in crypto. Since I quit, I have had more time to chill without stressing myself too much for my first epic failure in a play-to-earn NFT game.
My initial capital in USD was around $1260 plus the BCH I spent to buy PGX for breeding and fusing. Overall, I think it was around $1300 in total. I did, however, sell some VIS for $342.66, which means my loss was only $1000. Oh well, at least, I got to experience the feeling of taking a profit from VIS though. Lol.
I may not be expecting too much in Pegaxy, but I still hope they will recover though. Right now, I still have almost 27k VIS waiting to be sold once VIS recovers. I do believe that as long as the price is not $0 yet, anything could still happen. Regardless, I'd say I'm ready for whatever the outcome may be.