The day before yesterday, as we moved into the second part of the month and closer to dCity's 3rd edition, I went into some small SIM rampage, swimming against the market of the game's native currency. I know you shouldn't fight the market in spite but it...
SIMmed the right thing to do right now for other reasons. Those reasons — at the bottom of this post ;)
I got this wallet evaluation:
176,001.126 $173.35
So it's still about 1000 SIM for a bit less than 1 USD or 0.8 per random building which costs 800 SIM. Well, that imaginary peg that I recently wrote about kind of holds, doesn't it?
Well, perhaps I am not quite right to think in those terms, since everything else crypto is going up and it feels as if SIM has been lagging behind.
But with some bullish news such as 3rd edition coming in a couple of weeks, it should be obvious that SIM has the potential to go significantly higher.
Were it not for the selling pressure that brought it down in he first place. But its utility should balance that by creating demand...by offering higher rewards for playing with SIM instead of getting rid of it.
Right now, I wouldn't. I would stock up.
I am trying to stock up, giving it some vote of confidence when and where confidence is due. The projects's potential, I mean. I am not sure if I could say the same about its marketing of about its growth. Which are...
eventually...
what matters.
Still...
Still, it SIMs right that I should show some trust right now.
Additionally, I am using some of it, ordering new random dCity NFTs. That would reduce my holdings but it would increase the possession of the very product that is offered there. The virtual buildings that kind of "work" for me.
Saying it SIMs right, I mostly mean I am trading based not on price trends here, not on how the project is currently coping with human nature, etc., but trading based on the value that I associate with the project.
Last year this time, Karma rewarded me for sticking with what I thought was right. For being honorable, so to speak in terms of my own imagination and biased perception of partial success.
But hey, that's me.
This is by no means any financial advice or anything of the sort, just my own musings upon my own decisions and actions. Which are also still on experimental scale with what I can afford to risk and lose. Always do your own research and do not risk what you cannot afford to lose.
Peace!
Manol