My Biggest Mistake In Q1-2022 So Far

You might have noticed that I barely publish anything here or even interact with the other writers. Forgive me, it's just that there have been so many things going on lately. Unlike before that I really want to publish every day, I think I might just stick to "write whenever I can or feel like to."

I just don't want to pressure myself anymore. Besides, I think I'm officially a P2E gamer now. It's like my main job but in a better way, since I don't just make a living, I'm also having fun and making new friends every day. However, this is not the main reason why I'm writing. I have something else to share and though this might hurt my ego, at least, I get to release whatever that is that I want to let go of.

It's about my Pegaxy. I made a huge, huge mistake that I wish I could just turn back time and make a better decision. Unfortunately, I didn't. Although it's not the end of everything, I'd still wish I did what I could to save it. Anyway, here's the full story:

January 8 when I first got my Pega from AxieBCH, the guild that never lets us, scholars, down. It was one of the highlights of my Q1 and the beginning of better days. After 10 days of racing, I decided to buy my own Pega, hoping to earn more. After a week, the price of VIS was unstoppable, and I could earn a 2-3- month pay in just 2 weeks in Pegaxy. That was totally insane!

When I first reached my 14 days, the big day, I decided to hold my VIS for another 2 weeks. The initial plan was to cash out every month, so it would be easier for me to track down my earnings. For those who didn't know me, I'm the kind of person who is quite obsessed with numbers and excel sheets. I like monitoring my every investment like a real accountant (although I'm not).

So I held my VIS because I wanted to stick to my plan until PVM was asking everyone if we had extra VIS, so he could borrow some for breeding purposes and pay when he could finally claim. So I volunteered because it was the least I can do to help him. Besides, I had no plans of cashing out so claiming my VIS wouldn't be an issue since he would pay the amount very soon. At that time, VIS was mooning, and it was like easy money for many of us, especially those who own a Pega.

As days passed by, the price reached $0.25 (or a bit more) but too bad, my current VIS was still a few days more before I could claim again. Eventually, the FUDDERS were everywhere and spreading rumors about VIS that it would go down like what had happened to SLP. Aside from the FUDDERS, more and more were selling their VIS for whatever reason they have, and so, the price of VIS started to decline. It was still around $0.20, though, and was stable for days. At that time, I was still 3-4 days before my claim day, so I was hopeful that it would recover and that I could enjoy my VIS to the moon.

Then PVM sent me the VIS he borrowed. I could have swapped it to USDC to secure my capital coz even if it was just 4,280 VIS from 2 Pegas (guild and mine), my capital was already secured. Unfortunately, I didn't. I was too focused on the total amount that I could possibly earn if I sold all my VIS in one transaction that I didn't bother the signs. Little by little, people started dumping after all the rumors that FUDDERS were spreading in Pegaxy Official's Discord until the price went to the bottom.

I didn't sell my VIS when it was $0.25. I waited patiently, hoping for the price to recover again. When it was around $0.15, I didn't do anything still until it was too down to sell. My mindset is always like, "if I didn't sell it when it's at ATH, why would I sell at its ATL." After all, I'm a certified hodler so holding on is something not new to me, and I could hold it until things get back to normal again.

Still, I am sad about my bad decision in life. I could have earned more or less $3100 in less than a month. With that amount, I could have secured my capital for my Pega, used some to pay my mom, and the rest could have been for the house. Obviously, my greedy self was so hyped at that time and was just thinking about all the money that I could possibly cash out.

Closing thoughts

Although I considered that as my worst decision ever made, I know it's not the end of everything. I believe that things will recover again. It may not be as high as before but as long as the devs are working hard to up the game, the new ATH is still around the corner. I also believe that I can still have a chance to sell my 15.5k VIS at around $0.20 shortly. For now, I'm just going to hold it like how I hold my BCH.

Entry 1: March 2, 2022