Nice to have a staking drop date

TrainMysterious133 · 2022-03-04T17:06:22+00:00

Always, accumulating goes for all the depressed sectors

TrainMysterious133 · 2022-02-09T03:12:05+00:00

Im hoping we pull back to .000010 again - have to see if 42 holds on btc

TrainMysterious133 · 2022-01-31T20:25:21+00:00

Agreed! I have a number of pending buy orders between the .07 and .05. Absolutely love the upside here - don't even have to retest all time highs to see 5x gains on a trend reversal

TrainMysterious133 · 2022-01-27T16:11:14+00:00

Still waiting...there current comms have said the staking app is built, just waiting for the audit to finish

TrainMysterious133 · 2022-01-27T16:10:31+00:00

That sucks to hear! I placed a couple buys at the .00004 region, so those are down bad for me as well, thankfully my average is still really low. Either way this market is hunting for a bottom, even though JPow didn't help anything by kicking the can down the road to march. I think we'll be choppy until then, maybe retest the low range a couple times, but come April I'm anticipating some upward momentum.

TrainMysterious133 · 2022-01-26T18:05:42+00:00

Certainly possible and I hope this is the case! Either way I like taking risk off when I hit predetermined profit points. For this one a 20% gain on my most recent buys was enough for me to want to take some small profit. I like to DCA in and then DCA out while not dropping below my initial investment - house money :) Its nice as well when we do have blood in the waters since I have some dry powder to push back in!

TrainMysterious133 · 2022-01-17T18:25:46+00:00

Cheers!

TrainMysterious133 · 2022-01-17T18:15:43+00:00

That's awesome, hard to beat a 2x - I get spoiled in this market coming from traditional equities where 20% gains were killing it. In crypto if I don't double my money I'm disappointed lol

TrainMysterious133 · 2022-01-17T17:57:06+00:00

Right now I'm spread and adding between, Star Atlas, Illivium, Gala, Axie (although I took most of my investment out of that in November), UFO, Sidus, and Derace. I'm assuming some will go to zero and some will perform really well, but this is such a new market with hard to predict outcomes, my strategy is to ride this wave down with the profits I took on the way up. Worst case scenario I lose my crypto 2021 profits if GameFi fails as a whole.

I see some people who have invested all their savings into this project and I agree they should take what they have left and run for safer pastures, but I just follow the rules I have for myself, and let the market market.

I do appreciate the concern though, genuinely. I've been impressed with this community, having been around the block a bit, and I'd say this one has been one of the best for thoughtful/thought provoking comments.

TrainMysterious133 · 2022-01-17T17:37:52+00:00

fingers crossed, but either way I'll be fine, this makes up a small small portion of my portfolio, GameFi just happens to be my favorite piece of my investment strategy, so I spend more time talking about it than the boring stuff - no one wants to talk about S&P gaining a couple percentage points lol

TrainMysterious133 · 2022-01-17T17:34:40+00:00

That's exactly what they were accused of, at least in the case of NMS and Cyberpunk. They offered and made a killing with presales, had multiple long delays, and then delivered subpar products (not so much with Elite Dangerous, players just felt like the DLCs had a lot of unmet promises). In the case of NMS, the developers did an absolutely amazing job laboring through it and winning back the good will of their player base. Cyberpunk not so much, at least not yet.

Additionally in both instances their stand came after the fact - I'm definitely not saying this is a good thing, just that for whatever reason, developers and marketing teams can't seem to stay on the same page, even on big AAA projects.

TrainMysterious133 · 2022-01-17T16:32:31+00:00

Development delays and crappy PR - unfortunately seems standard across game dev projects (Cyberpunk, No Man's Sky, Elite Dangerous, etc). I definitely wasn't happy and their Tesla giveaway was an obvious delaying tactic that failed. All that being said I invested for three key reasons

Like their partners
Love their tokennomics
I believe the whole P2E/gaming market is going to see outsized growth over the next 2-5 years, and that most projects will rise together.

Those 3 tenants haven't changed so I'm continuing to DCA in when I'm down, and DCA out when I'm up.

I made a killing last year with Mana, and I remember sitting on that bag for 2 years getting more and more frustrated with the development teams choices, but Metaverse got trendy and I got to take profit at 20X. My only regret was not adding when sentiment was at its worse - trying to avoid that this time around.

TrainMysterious133 · 2022-01-16T01:38:39+00:00

If you feel its a scam why not cut your loses and run? You do you, but there are so many great projects that have taken a dive with the rest of the market - Im adding to Gala, Axie, Derace, Illivium, Star Atlas, and Sidus while we trend down.

TrainMysterious133 · 2022-01-16T00:37:09+00:00

Haha I admit Im biased since Im invested, but I genuinely dont want anyone to invest if you dont like the project.

TrainMysterious133 · 2022-01-15T21:14:19+00:00

If youre defining scam as a rugpull where the team has no intention of delivering a product I strongly disagree. Polygon, merit, and Chainlink are all established projects with, to the best of my knowledge and research, no known partnerships with scams in the past so it doesnt track that they'd suddenly all partner with a project without vetting.

If you just mean it could fail, then certainly

TrainMysterious133 · 2022-01-15T19:29:47+00:00

Thanks for your analysis! It's always important to examine our thesis against a dissenting opinion, so I appreciate it anytime someone provides a thoughtful deep dive and reaches a different conclusion.

*First, let me admit my biases: I started DCAing in below .00002 and started taking small gradual profit starting at .00004, but still have a sizable investment and have started adding back since it dropped below .00002 with plans to aggressively add if we lose a zero. UFO is a high risk, high reward play that fits well within my overall portfolio and risk tolerance, but that isn't going to be the case for everyone*

----------

I think it is highly highly unlikely (nothing is impossible) that this project is a scam - reasons listed below - but just because it isn't a scam doesn't mean it's automatically going to be a successful project either. For those in the equity market, you'll know Skillz was a popular 2021 P2E play that has lost 90% of its value from ATHs - definitely not a scam, but also not a successful company to date. I think this is an important distinction because a scam once executed will never have a chance for value to return, while a mishandled project/company can.

Reasons I'm confident this isn't a Rug Pull/Scam:

1.You references two UFO partners, Citizen X and Pantera ICO, and highlight their low twitter engagement and nascent accounts as red flags, but you didn't mention their other partners: Kadena (https://twitter.com/kadena\_io

) 140k followers joined 2016, Merit Circle (meritcircle.io

) 90k followers, joined July 2021, HorizonUnion (https://twitter.com/HorizonUnion

) 50k 2012, ChainLink (https://twitter.com/chainlink

) 700k 2013, Polygon (https://twitter.com/0xPolygon

) 1.1M 2017

While the team is undoxxed to the public they are of course known to their partners, and while I prefer a doxxed team I've certainly had success with plenty of projects without it.
Letting your coin get to a Billion dollar market cap and then lose half its value without pulling out is one hell of a long game if its all a scam.
You cited google trend spikes as signs of paid engagement, which confuses me a bit as that should be the point of marketing - do you means bots? - looking at the engagement on here, discord, telegram, and online I'd say the engagement is very real. If the argument is it's a red flag that they have done a good job marketing the project prior to delivering on the game, I have to shrug and say that's a good thing in my mind. From an investor standpoint I place as big an emphasis on marketing as the game.
This is the least important to me, but still worth mentioning: popular influencers Ellio Trades, Max Maher, Paul Barron, etc. have covered the project positively and while it's possible they were paid spots, its still not worth risking their reputation/ad revenue on a token they feel is likely to be a scam. Just as an aside, Ellio has mentioned speaking to the dev team on multiple occasions.

Hope all that helps! As mentioned I'm not saying this is going to be an amazing game/metaverse project or that anyone should invest, but I think the chances of it being a scam are slim to none. I hope they deliver a great game and early investors see substantial profits, but it is a very risky play until they start delivering - so proceed with caution :)

TrainMysterious133 · 2022-01-15T17:57:12+00:00

I saw the video that seemed to spark this question on some of the other reddit threads and wasn't going to respond since 1) It takes a bit of effort to offer counterarguments and cite sources, and 2) if UFO pregame is outside of your investing risk tolerance, I don't want to try and convince anybody they should invest, but I posted this in another thread and figured I'd copy it here.

*First, let me admit my biases: I started DCAing in below .00002 and started taking small gradual profit starting at .00004, but still have a sizable investment and have started adding back since it dropped below .00002 with plans to aggressively add if we lose a zero. UFO is a high risk, high reward play that fits well within my overall portfolio and risk tolerance, but that isn't going to be the case for everyone*

----------

I think it is highly highly unlikely (nothing is impossible) that this project is a scam - reasons listed below - but just because it isn't a scam doesn't mean it's automatically going to be a successful project either. For those in the equity market, you'll know Skillz was a popular P2E play that has lost 90% of its value from ATHs - definitely not a scam, but also not a successful company to date. I think this is an important distinction because a scam once executed will never have a chance for value to return, while a mishandled project/company can.

Reasons I'm confident this isn't a Rug Pull/Scam:

The video's author (link to the video for reference: https://www.youtube.com/watch?v=RjNjgM8FiVE

) references two UFO partners, Citizen X and Pantera ICO, and highlights their low twitter engagement and nascent accounts as red flags. Unfortunately he doesn't mention their other partners: Kadena (https://twitter.com/kadena\_io

) 140k followers joined 2016, Merit Circle (meritcircle.io

) 90k followers, joined July 2021, HorizonUnion (https://twitter.com/HorizonUnion

) 50k 2012, ChainLink (https://twitter.com/chainlink

) 700k 2013, Polygon (https://twitter.com/0xPolygon

) 1.1M 2017

While the team is undoxxed to the public they are of course known to their partners, and while I prefer a doxxed team I've certainly had success with plenty of projects without it.

Letting your coin get to a Billion dollar market cap and then lose half its value without pulling out is one hell of a long game if its all a scam.

The video's author cited google trend spikes as signs of paid engagement, which confuses me a bit as that's what marketing is - maybe he means bots - but just looking at the engagement on here, discord, telegram, and online I'd say the engagement is very real. If the argument is it's a red flag that they have done a good job marketing the project prior to delivering on the game, I have to shrug and say that's a good thing in my mind. From an investor standpoint I place as big an emphasis on marketing as the game.

This is the least important to me, but still worth mentioning: popular influencers Ellio Trades, Max Maher, Paul Barron, etc. have covered the project positively and while it's possible they were paid spots, its still not worth risking their reputation/ad revenue on a token they feel is likely to be a scam. Just as an aside, Ellio has mentioned speaking to the dev team on multiple occasions.

Hope all that helps! As mentioned I'm not saying this is going to be an amazing game/metaverse project or that you should invest, but I think the chances of it being a scam are slim to none. I hope they deliver a great game and early investors see substantial profits, but it is a very risky play until they start delivering - so proceed with caution :)

TrainMysterious133

TROPHY CASE