I was going to write my theory about a bullish case for $SPS then the market decided to implode, whether it is a flash crash or not is yet to be known which is why I’m restraining myself from any trading activities. I remember when Luna happened but we didn’t know how much dip we were going to be facing and each dip kept dipping…
Once again, interesting how these problems that bleed out the market aren’t even crypto problems or any thing technical of sorts but people problems. Shit, looking at the charts it looks like prices are doing a quick race to the bottom, what have the humans done now!
The Bankman has really Fried us this time hasn’t he.
Times like these are best for playing Splinterlands, it’s five days to the end of the season and I’m seriously lagging behind. So now must be a good time. But while I’m thinking that, I also can’t help but think about the countless opportunities in Splinterlands market! My biggest hope now is to recognize the bottom of these assets and strategically invest in them and ride them up.
I’ve got my eyes on DEC, as soon as the market clears out(which no one knows when), DEC is going to resume its bullish momentum because the fundamentals that made it do so before the market imploded are still in place, so it just takes some soaking in.
The best thing is that we’ve recognized that the mechanism or set of mechanisms that were changed contributed immensely to DEC gaining back it peg, it’s happened before, it’s working, it’ll happen again, so for now the lower it goes, the more wiggle room to ride up until the peg. Moreover, Splinterlands is super serious and gunning for making DEC a stable coin so what gives.
How about Chaos Legion packs that will be burning 25000 packs everyday till March when all will be burnt? There must be some potential upside to ride from there when scarcity meets demand don’t you think? These are my thoughts in this bloody market. How are you holding up? Are you buying anything or restraining like me for now?
