It has been almost two months since I created a blog post about my GLX investment. It has not been that much productive over the course of time. If I summarize my investment in short sentence, I am currently standing at a loss. Well, technically, I have almost lost 60% in $ value over the course of these duration. Now, this is not really a pleasant opening for myself in the world of GLG. But there are some aspects where I believe in certain possibilities which might arise in the coming months for this game. Which is why even at this point where I am structuring loss in my investment, I am still hodling them in my portfolio.
I am aware of the fact, the price appreciation of GLX is going to go down even lower from this point. But little can be done with that action. At this point I have few options in my hand :
- Just HODL the Liquid GLX in my account
- Sell the GLX and wait for it to dump even more
- Stake the GLX and get some Extra GLX
Third option seemed best to me and I went it that for the time being. I am going to make the best use of this GLX at the current condition and get some more GLX just in case. Yeah, the outcome from this task will not be that much, but its much better than holding liquid GLX and just staring at them.
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At present I hold almost 110k GLX! Which is staked in my account. It would take me quite a lot of time to get my investment back. But this way does seems little bit profitable to me. At the least, I would be getting some additional GLX in my account. Let me explore how much GLX will be airdropped to me everyday for staking the above amount in my account.
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At this rate it is going to take a lo of time to get back what I have invested. But like they say, something is better than nothing. Also, the fact that I am over looking at price at the moment, is its long term value. While to make it little bit more interesting, lets do a simple math!
- What if, GLX goes down even more after few months?
- What if, GLX reaches ATH after few months from now?
Anything can actually happen in crypto! Both these events may occur in the given months. If that is the case, I am assuming, I will be one of the big shot in crypto (if the second scenario activates), on the other hand, if the first scenario gets into motion, I will loose some money and just keep on compounding instead of selling. One basic reason is the team behind it and as seen in the past, they always tend to find a way to make things work in investors favor.
While, there are few aspects which desirable is needed to take into consideration. UTILITY, is what makes a token/coin valuable. Without this foundation, any coin/token will ultimately see the downfall, maybe a day earlier or a day forward. Which is why the team needs to find more and more utility for the given token and it needs more and more publicity in the gaming community.
Nevertheless, taking care of the user experience is a must. The more the user finds the game attractive the more valuable it is going to be. I really am quite hopeful for this game to see the light it deserves to. Or else, it would be just another investments which will be forgotten away in the past!
Best regards
Rehan
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There just doesn't seem to be anything good coming out of GLG and that entire project. It feels like it was an over ambitions take on during the bull marketing that took way to damn long to finally roll out and when it did it had less funding, less partnership and just felt super bland. For me I'm just playing the hold game at these prices it's not worth selling any of it and there been no out of pocket either.
Well, things are not according to the plan for the team, that's for sure . I suppose there's lot on the plate for now for the team. I hope they figure sth out as there are people like us who are still holding onto the token even at this price. Let's see where the sea bed lies!
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STOPTo support your work, I also upvoted your post!
@tipu curate
Upvoted 👌 (Mana: 36/46) Liquid rewards.
thanks for the curation buddy!
Wow! You have a use $GLX. Mine is just rewarded for holding $SPS.
!PGM
!PIZZA