Week Hive, strong DEC peg ,what do you think about future?

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This post can be considered as an extension of my previous post where I was just praying for Hive to recover so I can buy the rest.

While I was thinking for Hive to recover ,it suddenly come to my mind ,why not I should sell all of my DEC and buyback with recovered Hive. It will make things easy. I exited with my DEC around .0063 price tag. But when I saw the chart of DEC today ,I think my hopes are now almost bleak out.

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Simply , my hope for tract of land are now almost doomed due to following reasons,

  1. It look like magic now that Hive will recover when all other Hivians becoming uncertain if we are going to touch one more low.
  2. land pre sale is overcrowded if you read the post ,it look like 90% of land will be sold by lottery system.

Is simply future is bleak on me?
Ohh! third land sale is still more than 45 days away and I think it is enough time for Hive to show some strong price and may be I will be back in track for my tract purchase. Anyway I still have 10K DEC with me, I will buy a plot to have something for consolation for me.

Any other option
I guess ,it is still at least 6 months before any "land" utility will be integrated in game. I just hope I will able to buy my DEC back and get enough additional DEC so That I will be back in game before any "land utility" implemented in game.

And what the last option for me.
Just like cards, land can also be delegated so it means we will going to have rental market on land too as we already have card.
It will be be time for me too become a peasant and cultivate someone's land.

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I guess ,I have eased myself now and get rid of my frustration now of not being able to buy land at first presale.

If you are also in same kind of feeling than remember it is just the beginning of the "Land" game not the end of it. We are going to get number of ways and opportunity in future to get some land for us.

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And Dec sent for give away

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I sent DEC to 5 users (@fragmentarion ,@behiver,@gungunkrishu.leo,@guurry123 and @oadissin ) who has reblogged and commented on my post1 and Post2

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Note for my affiliates

If you want to play Splinterlands then you can join it here

I saw few of the player joined the game using my affiliate link and then stopped playing after few battles. If you have any difficulty in playing game, do not hesitate and join the game discord. It is really helping community and contact me here or on discord, I will definitely delegate you some card and review your game for your better game experience.

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26 comments
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i am also seeing my tract of land fading before my eyes honestly..but..I will use my dec to make a good one off the market...that will also be something short term at least!

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I calculated, 6 month is big time, If Hive reach again at 25 cents, 1$ DEC peg will put it at .004. and 30% discount on DEC peg will again put price below .003. I can buy double DEC from market to buy after presale and also more time to keep adding DEC for 6 month.

All possible but risk is to keep your Hive idle and assumption is Hive will cross 25 cents.(It definitely will but no one can guarantee)

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(Edited)

In the beginning, I was all in for buying lands, but lately, my FOMO feeling isn't that strong... Implementation of land in the game is in min 9 months ahead... not fan of waiting that much...



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Yup , it is a long wait before "land" functionality will be added.

Thanks for curating this post.

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True, you can probably do better holding Bitcoin until lands comes out and then just buy at the full price. Still, I got my Tract money ready to buy in now anyways.

@flauwy

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Agree with your statement... Something else can bring you that profit in the meantime... And, I do have some DEC to buy a piece of cake... But, I will not go in like it's my last straw :)

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Well, I'm surprised by your strategy. Maybe if he had waited a little longer he could have got more HIVE in his sale, but the important thing is that he still came out with a lot of HIVE in the bag.

I am very sad about this new change in relation to land. To once again benefit only whales is completely frustrating. Fortunately I managed to hit my 100k DEC goal and this is the first time that I have managed to hold that amount. My 10 lands are guaranteed and I will do my best to buy them quickly as I know it will be insane this day.

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This is going to be a big wait and watch game now.

I am always hoping to Hive to pump and Hive keep going on downward trend.

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(Edited)

Hive keep going on downward

While the technology has enabled us for all we have now in this ecosystem, the value of Hive and Steem before that has been nothing but disappointing for everyone holding these tokens. Every price seemed undervalued up until now but it keeps dropping. I finally used Power Up Day and bought my first HIVE with fiat money yesterday. I do not count on making any gains with it any time soon. I just wanted to have a bit more influence on the mother chain of all the tokens I am involved in.

@flauwy

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(Edited)

I don't think that only whales benefit with the land expansion but it does require a good chunk of money. I think you will do well with your ten lands.

@flauwy

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Yes it is true, there are also some groups that are joining DEC.

Thanks @flauwy, I hope to be quick to complete my purchase. 😅

Good luck to all.

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Selling DEC at this price is something I am also considering. I might pull out of the Uniswap liquidity pool to sell some, as I suspect other coins to outperform DEC by far.

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Thanks for curating.

Though I exited DEC market twice at .0054 (200K DEC) and .0063 with 400K DEC (I am getting short of 250K DEC, that is main reason for me to exit.)

Since I have now more than six month, DEC price of .0027 is fairly possible (we saw low of .0017 too) . I am just hoping to accumulate 1.7 million DEC in next 6 month then try to buy a tract.

But it still did not work out, renting a land will always be an option.

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Don't forget that you will need to burn DEC to build a building on the land, as well as upgrade it and maintain it. Which will probably not be cheap.

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Ohh!, I thought I just need cards to work on land. It means Land is going to be a very strong DEC sink then.

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So strong indeed, that I think it might brake the peg of 1000 DEC per 1 USD. That could lead to some interesting side-effects.

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thank you for DECs dear. Appreciate it. Cheers. Do you think it is a good idea that I swap my Gold Legendary card for DECs and buy land for it.. Cheers

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I will never suggest to sell card for DEC. If DEC FOMO, it max value is $1 per 1000 . But card max value is not set as such. Few days ago even card like Rusty Android get Fomoed. Not sure, land will require lot of cards and IMO card will going to appreciate much better then.

Selling card for land is very tricky question but I am very strong supporter of hodling the cards.

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Thanks for sharing! - @yonilkar

Interesting opinions about the future of the Land,keep going and let's play.

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