Get into AXS now, or wait?

Discussion in 'Crypto Assets' started by The_Krakenite, Jun 11, 2022.

  1. I avoided getting into Axie Infinity because by the time it went on my radar-list, the prices had appreciated so much. However, now that things have crashed down, due to hacks and the rest of the downward-market pushing, maybe now I'll add it into my list of crypto-gaming:

    • Gods Unchained
    • SplinterLands
    • Dr. Who Worlds Apart
    Any axie-vets here willing to give their 2-Satoshis of input?



    Axie Infinity: AXS price risks deeper losses despite 90% drawdown already


    https://cointelegraph.com/news/axie...sks-deeper-losses-despite-90-drawdown-already
     
  2. 95%+ of alts will never come near their previous highs again.

    I guess if you buy a basket and happen to hit one that becomes a top coin it’s a decent lottery ticket.
    Only problem is you have to not only pick the right one, but also HODL.
     
    johnarb likes this.
  3. I was not really planning to hit any jack-pot...

    But even the poorest of the poor Axie I believe was going for $320 at a time, and you needed a minimum of three just to have any competibility at the bottom of the pool.

    Seems a lot cheaper now for someone to get into-it. At least I can enter cheap and finally say I'm an Axie player, haha.
     
  4. maxinger

    maxinger

    it is getting
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and ...

    Will it be LUNA #2 ?

    The big difference is that LUNA #1 is instant death.
    LUNA #2 is a slow death.
     
  5. Ok, so the consensus layer here so far is... to wait for a better entry price. Haha!
     
  6. MrMuppet

    MrMuppet

    Axie is doomed for now and there is zero reason to bottom pick this. Look at their timeline to figure out why.
     
  7. Real shame seeing this crash as hard as it has but I personally am not looking at gaming tokens or even many alts at the moment as we've not seeing the bottom yet.
     
  8. maxinger

    maxinger

    ????
    wait for a better entry price to long it?!?!?!?

    NO!!!! DON'T WAIT!!!

    because it is still downtrend.
    just use a simple ruler to determine trend direction.

    also, it is getting

    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and
    cheaper and cheaper and ...