Gwynne Michele
@thecurioushermit
I haven't been making very much Moxie at all lately. Because it's based on engagement, and I've been swamped with schoolwork and other projects the last couple weeks. I'd locked almost all the fan tokens I'd purchased right before the big adjustments to Moxie distribution meant my lower engagement caused an even bigger hit to my Moxie earning pace. So I hadn't really paid attention to the price of Moxie. Ouchies. What's driving the drop? Anyone know? Glad I'm not holding a lot of Moxie at the moment other than what's locked in fan tokens. But is the dip something Moxie can overcome? Maybe worth buying a bit?
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Kristin Piljay ツ
@kristinpiljay
Yeah, same here. But then I was out on vacation and didn't cast much, so that started it, but then it changed once again while I was gone....so....hopefully things will improve.
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Gwynne Michele
@thecurioushermit
I've got an intense course load that's taking a lot of my energy the further into the semester I get, so my engagement fell off. I'd known about the drops in distribution of Moxie for long-term sustainability reasons, which sucked, but is understandable. Tokenomics is complex and not as predictable as we'd like for sure. But then I saw how much of a hit the price of Moxie took this week and oof. It had been pretty stable for a good stretch there.
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Kristin Piljay ツ
@kristinpiljay
Yeah, I did notice you had less buy n burn for your FTs and assumed it was because you were busy with school. Same thing for me in that I was focused on traveling with my friend so was on here very sparsely during that time. I saw on wildcard onchain that a whale dumped millions and millions of moxie a few days ago and I think that was the big crash. I won't say who it is on here as I don't like to point that sort of thing out, and I have no idea why they turned bearish to moxie or maybe they needed the money for something else - you never know. But I think the big dip was because of that and then others freak out too and sell when it drops a lot - because humans do that. The Psychology of Money was an interesting book on that subject. Just read that last month.
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