Why would anyone want to earn, buy and hold CTP tokens?
Well, I cannot speak for someone else but let me tell you how I have played and continue to play with this declining asset.
When I started on Hive in March 2023, CTP was selling above 0.015 SWAPE.HIVE and today you can buy it for 0.0011 SWAPE.HIVE
That means #CTP Annual Equivalent Rate (AER) is -123.56%
That is not impressive but wait, there is more to the story. You see, Jon @jongolson was generous in giving out CTP tokens to those who used #CTPX Content Delivery site. Now the #PEPT philosophy is to Learn Before You Earn. I believe it and I demonstrate it. Let's take a closer look.
First, you may use the following link to join me on CTPX
https://ctpx.io/?ref=fjworld
I upgraded on the site to leverage my time and thus boost my returns.
As you can see from the following snippet, I am a serious online earner.
The hourly rewards have declined so that had a negative impact on my returns. It means I am less likely to renew my upgrade but a lot can happen between now and June 2024. When you are a regular user of a system, and your condition to learn and not just blindly click your time away you see patterns that are repeatable. For example, the CTPX team will buy CTP tokens from the market to reward active clickers. When they buy, they drive the token price up and that creates a reliable short term capital gain. I have used this strategy to my advantage but I am not as masterful as @masterlamps !LOL Also, when you advertise on CTPX and used the CTP tag you received a lot of upvotes. Well, I use to but not anymore. I suspect it may be in response to some of my feedback. It's just another lesson learned.
While generating some short term capital gain, I also accumulated and staked over 30,000 CTP tokens and I actively promoted via CTPTalk tribe for author and curator rewards. So it is not just about the current price of a token but more about trendlines, strategies and tactics. And of course, knowing the vision and mission behind a token. In this case, I see the CTP founder more focused on earning, buying and powering up #Hive and #LEO tokens.
So what is the current strategy with CTP tokens.
Well, first we accumulate at low prices, stake and then delegate. I have delegated 10,000 to lolz.ctp and I am accumulating to stake another 10,000 tokens. So even if I cannot generate capital gain I can use accumulated earnings to invest in another token that is more likely to deliver higher returns for my time and effort.
If you comment on this blog, our #PEPT Banker account will send you 1,000 #TooFuckeh tokens if you hold one(1) #PEPTide token or more. In fact, you can receive 1,000 TooFuckeh tokens for every PEPTide held up to a limited of 10,000 TooFuckeh tokens.
If you have CTP tokens and your interested in a swap as oppose to selling on the open market, let me know. No sense of accumulating a stranded asset. I am all for creating a mutual benefit and managing risks.
#LUV and positive energy to all