[Thread] Just received that message on Twitter. Many of you are really scared by a $GST price collapsing, as their ROI is not feasible. The sneakers market price is cheaper than the minting price, the shadow of Death spiral is getting closer.
Is there really hope? 🥹 (1/25)
2/ First of all, I am not financial advisor. I'm (too?) optimistic on #STEPN for the long-run, but you should also listen to more pessimistic and competent people, as their opinion is RELEVANT and SOURCED. I may be wrong, and your decision has to be well-informed on both sides!
3/ $GST has fallen from 9.45$ to 0.81$ (-91%) in just a month. As ROI can only be made by earning $GST, you may be rightfully despaired by what's happening now.
Fear & Greed are both your major enemies. Be happy with what you have already and take your profits regularly.
Don't fall into that FOMO hype trick. Just close the curtains and enjoy being here when everyone else is losing money. (1/6)
(2/6) Please slow down a bit, you still have a lot of earnings to make in the Solana blockchain.
Binance $GST price is crazy, and SOL $GST is just following BTC price, as it became a subject of speculation, as $GMT.
Don't be envious because other people earn more than you do.
(3/6) If you are angry not to be in the Binance $GST (I'm not either), just think that some people have sold their giveaway Binance sneaker (for having a SOL Genesis) within the week following the release!
2/ For the first time since its launch on @binance exactly two months ago, $GMT suffered from its biggest fall. How can we explain that steep fall ? was it predictable ? was it avoidable ? Is #STEPN finally over and were all the people warning about a Ponzi scheme finally right?
3/ As a reminder, $GMT is the governance token of #STEPN, and is associated with trust in the project by many investors, as $AXS is for @AxieInfinity. These two games differ by many points, and the comparison is often abused, but the token evolution price is relevant I think.
⚠️First, please do not copy those charts. They are quickly outdated. To have the information, simply go on tinyurl.com/stepnstats and find out ALL the new charts, updated EVERYDAY!
Navigate between the different tabs of the Google Spreadsheets to find the info.
📃DATABASE TAB.
Find the history of your runs and your Net earnings in dollars, once your repaired (no calculation!).
Don't forget to register your Durability loss AND GST price if you want to easily know how much you earned during the run!
[Thread] 🔥🔥🔥Economic model in #STEPN: why is $GST -60% fall a GOOD news for every players? What is my prediction price for $GST for the next weeks? 🔮 (1/25)
2/ PART 1⃣. Anger & Disappointment.
April 29th was a fateful fay for $GST.
In just 34 hours, the price has fallen from 9.5$ ATH (All-time High) to 3.8$ (-60%) (Huobi price), a price GST has not seen for one full month of constant rise.
3/ As a reminder, sneakers floor price does not depend on Solana price, but depends on three factors:
- $GST price, as sellers breed sneakers by massively burning $GST, and will not sell at a lower price
- Supply and demand
- FOMO/hype