My deck value is dropping with DEC
The crypto market has been brutal to every asset involved and the new year has done nothing to alleviate the pain. In fact, in some areas, it kind of feels like things are getting worse.
I've intentionally kept a safe distance from all things crypto because of my mental health. I'm trying to be strong, hodl and all that but it is getting increasingly difficult to apply this strategy.
My Splinterlands assets that used to be immune to the whims of the market have been taking quite the beating. We already know about the travails of SPS, now DEC and the value of monsters in my collection have joined the list.
I've been hearing word about an incoming proposal related to DEC and I reckon the community is responding to the change. Considering the current price of DEC, it is safe to say that the community isn't taking it well.
I still don't have enough information about the proposal, so I can't make any inferences. However, I know that it has something to do with introducing a DEC-B token that should be beneficial to the community.
Sell or not sell
Sometimes I wonder if selling off all my assets won't make more sense than holding and continuing this punishment. The crypto market has been really brutal, and with no sign of relief, it might be time to start considering some tough choices.
I keep wondering if it might be time to once again take a step back from Splinterlands and move the funds into something safer like HBD. I say this because overall, my earnings from Splinterlands is not even remotely close to the unrealised losses I've incurred from the crypto market.
The problem is that selling really feels like a defeat, especially considering how much I've put into building my deck. However, I need to start thinking about my safety and making decisions along that line.
In this game, we often regard fear as a weakness but it is actually an instinct, rather than emotion. We only fear because we want to protect ourselves and right now, taking the fear route is starting to make a bit more sense.
On the flip side, there's obviously the FOMO that keeps many of us trapped in this unending cycle of pain. I'm trapped in this loop, worried about the potentiala of missing out on a future pump.
The solution to my dilemma lies in objectivity and that in turn can be found in the charts. I have to take out time from avoiding the crypto market to investigate whether seeing or holding is a good idea.
One thing for sure is that if I sell now, I'm definitely taking a massive loss but with chances of a further slump, it might not be a bad idea.
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After all those losses i prefer to stick around and see how it end...
I don't know... I still believe in the product - The "splinterlands verse".
So much happening you know...
Well maybe its easy for me to say - i didnt put my life saving in it...
I wish you well freind!
Sell or not sell...ride till the end and come back up when things hits up again. All the best.
Told you month ago, going 50% 50% is the way. just get 50% in Hive and keep half. This is what I do!
Decisions, decisions, I feel your pain and anguish. I have lost massively on SPS and my cards bought during the bull market. I definitely should have followed my own advice and not become involved in Splinter-lands during the bull market. I am contemplating liquidating my cards for DEC and then converting to SPS,, but the price of DEC is abysmal. So I hold. I will read some of the comments looking for wise words, or smart strategies to free me from my predicament
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Tough decisions. Nobody expected the crypto dump to be this bad but here we are. Now what can we do? Protect ourselves or stick around for the possible worse? I'd say, assess your risk tolerance and make a decision. Of course it's easier said than done so there's that.
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