[#342] Date: 6th May, 2022
Since the near-death of $VIS and $PGX, making it no longer viable to play Pegaxy, many people have been curious about my position on Pegaxy.
If you have been following my journey, you will know how much I have invested and where I went wrong with this investment. Obviously, if $VIS managed to maintain its attractive price, everything would be fine and dandy but it crashed multiple times, to trade at only $0.00059 at this time of writing, bouncing back from its all-time low of $0.00041 a couple of days ago.
In one of my previous articles, I mentioned how much I invested in the game. It was US$2000 on the pegas in the form of NFTs, and another US$1000 on $PGX and $VIS tokens. At this point, I have already written off my investment and consider the US$3000 burnt. This is indeed not a small sum of money. In my currency, it's more than MYR13K. For some people, this could mean a year's salary, but it is what it is.
This week, I spent time checking my investments and discovered that I actually made a tidy profit from the Cardano network that covers my US$3K loss in Pegaxy. Thank GOD for this and I consider myself extremely lucky to get out of a bad investment only losing my time and the $VIS farmed and reinvested. I have always said that I'll be happy to just be able to recover my fiat invested and I have. Nonetheless, I would be happier if Pegaxy turns around by itself, rather than having me cover the loss from another portfolio. I hope the day comes, yet, I am not holding my breath for it to happen.
I grew my Sure Win stables to nine pegas but fused a pair of low win rate Pacers to have a Rare, so I own eight now. I rented out a Pacer via the Pegaxy Marketplace at only 10% profit share to the scholar. This particular Pacer has a win rate of 16% or thereabout. I am convinced this is a bot, 'cos no sane scholar would be willing to race with such low profit - Pacer with its smallest prize pool, plus low win rate and meager profit share. I wake up daily expecting to see its energy at 25/25 but no, this scholar races it first thing in the morning and depletes all energy by the end of the day. Really hard to find, which is why even though I want to fuse this pega, I am reluctant to withdraw it from him.
Besides this pega, I am racing all the other pegas that I own, 7 of them, and 3 from scholarships under the umbrella of Chad's P3 Racing Guild. This makes my daily total pegas to race a whopping TEN. Obviously, for my personal pegas, I earn 100% of the $VIS, but for the rentals, or scholarships, I receive shares of varying percentages, depending on their class and win rate.
You'd probably wonder, is it still viable to play Pegaxy? The answer is a BIG FAT NO. Without the pressure to ROI on my investment, I can stop playing anytime, and just race the scholarships due to a sense of responsibility as a scholar, or return them to their respective managers if I were to quit altogether. However, I see no big deal racing the pegas, even though it consumes almost all my waking hours, but then again, I am stuck at home sitting out COVID-19. If not for Pegaxy and all the online activities that are keeping my mind occupied, what else can keep me entertained? I don't want to have to think about work, work and work every day. That would be so boring.
Therefore, while I am still at home and not traveling yet, while the game is still merely mindless clicking, while Pegaxy is still online and not rug pulled yet, I will be racing 'em pegas. Ten is a good number to race, maybe even eleven, barring server lags and crashes. Am I not tired? Am I not fed up? No. I still quite enjoy the game. As I said, I can relate to horseracing due to my background as a punter. It's only exasperating when the pegas do not return with golds, despite their high win rates.
What about your Pegaxy gameplay? Are you still racing? Have you given up your scholarship?
I still do find joy in the game, despite $VIS price. It's unfortunate but I'll see it through.
Yeah, you should rent out the pegas at the marketplace, rather than leaving them idle. Apparently, there are bots that race, but as long as we use the marketplace, I don't think Pegaxy can fault us.
I didn't write about my Cardano investment. It was the pre-sale of MILK by MuesliSwap. Prices are also down over there but I already ROI-ed. Will sell more later when overall market sentiment improves later. It's just depressed everywhere.
Yeah, though times in crypto. That’s why I reduced my online presence, because I need to get my head working well, so I can find a job and dig myself out of the hole. This too shall pass. I’ll take your advice and try to rent them out 💙
All the best to you and me!!
I can relate somehow for I invested in Dragonary game. It's the game that I have put a lot from my what I have earned in Steemit. In a couple of months of playing, the game's token value crashed but still I continue playing it lol!
It sucks, but at least you reinvested your earnings, and you do enjoy the game.
Still playing and racing one of two epics
I think we will be racing till the game goes offline. HAHAHA!
I will pull the plug
It's a bad news for those people invest such big amount to the game, the game is the proof that the developers should take their actions step by step and try to understand the small problems cause it might affect the flow of game in future, it's a start of downfall of Pegaxy, I hope that the developer can still revive it.
That's the problem when they thought that small investors don't matter, but guilds are what they want to back them. Huh....
I already stopped it.. It only ruined the battery of my phone lol.. Not profitable anymore
Yeah, I know. Unfortunate.
My hat off for you Ems for still racing yours and scholarships Pegas. I gave up all my scholarships and most days I don’t even race the 3 I have. It just makes me depressed. I was thinking of renting them out, but not sure if anyone rents them still. Yours is still rented, so maybe I’ll try too?
Wow! $3000 in total is a lot of money indeed. I haven’t calculated my total, but I think it’s just over $2000. I’m so very happy that you managed to cover your loss in Cardano. What did you invest in? Did you write about it?