How did you respond to the occurrence of 20 cents moons?

How did you respond to the occurrence of 20 cents moons?

By cryotosensei | CryptoSensei | 5 Feb 2023


I know this article isn’t going to do very well here. On the other hand, it garnered me 142 upvotes on r/cryptocurrency, which set a personal best in terms of the upvotes I have ever received there. What makes this feat more surprising is that I penned the article down in the final moments before I slipped off to slumberland. I never thought that something that I wrote while fighting to stay awake would do so well. This brings me to an important lesson learnt: try and try again because you don’t know when you will strike the jackpot.

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How did you respond to the occurrence of 20 cents moons?

The introduction of MoonPlace created a frenzy as people were falling all over themselves to get a tile or two and mark their presence on Reddit. This increased demand for moons caused the price to surge. At one point, it even reached 20 cents.

While people’s attention was caught up with the dilemma of how many tiles to buy, I was thinking long and hard about whether I should sell some of my moons. After all, such opportunities in which moons increased by 100% are as rare as an oasis. So, selling seemed to be a desirable option.

But I restrained myself. It was a good thing that my laptop was in another room. I had to milk some time off parenting to sit down in front of the laptop and sell my moons and transfer the ETH to my Gemini account. This “cooling off” step meant that I never sold any moons in the end. Hip hip hooray.

How did you respond to the $0.20 moons incident? Sold some of your moons or HODLed all of them? Do you regret making this decision?

How do you rate this article?

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cryotosensei
cryotosensei

budding investor


CryptoSensei
CryptoSensei

chronicles of an English teacher

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