I Want More Palcoin But Look At What Just Happened!!!

in #palnet5 years ago

I Want More Palcoin.jpg

Yesterday I wrote a post about why people should be staking their “FREE PALCOIN” offered by Palnet after claiming the airdrop at Steem-Engine. You can check out the post in this link https://steemit.com/palnet/@ketcom/why-you-need-to-stake-your-palcoin.

I had read that the max number of palcoin they doled out per steem user was 2500, I was given 405 palcoin, I bet if the criteria for giving out the palcoin were for handsomeness I would have gotten more. Lol. Just kidding! Anyways, I figured 2500 palcoin was a nice amount of coin to hold so I better buy me more palcoin and see what happens at that level.

I headed over to Steem-Engine and saw that people were still dumping their Palcoin which was good for me because I wanted to buy them cheap. I had deposited 75 Steem at Steem-Engine and all was to go to the purchase of Palcoin. At the exchange I saw that the sell order price was 0.0685 and the buy order price was 0.062. I was in no rush because I somehow guessed that more people were going to dump it and the price was going to go down further, so I spread orders from 0.05001 to 0.061. I chose the base of 0.05001 because a huge block order was at 0.05.

My plan was to buy more when I receive my payout latter in the day, after like an hour or so I went to check how my orders were doing. Lo and behold, every order had been purchased, but the interesting thing I discovered was that prices had sky rocketed to the 0.07 and above range. What!!! People suddenly stopped selling and started buying. By the time my payout finally came it had gone up even further and by this morning buy price was at 0.09011 while sell price was at 0.12.

Current Palcoin Price At Steem-Engine.jpg
Current Palcoin Price At Steem-Engine

I was only able to get additional 1237 palcoin from the market, add that to the 405 palcoin I have it means I now have a total of 1642 palcoin which is 858 off my target. And I have staked them all let me see what power that is going to give me. Lol. If I were to sell just the ones I bought I’ll make a whole lot of profit but that isn’t my goal.

I still hope to buy more and wish the dumping can start again so that I can buy more, a bit selfish of me ain’t it. Lol. I think I am looking at this project and wondering where it’ll be in a years’ time, the guys managing it are super at developing new stuff at a speed that is getting really hard to keep up with. So many updates development wise, they are good, kinda like they don’t sleep but keep developing stuff to help the community as a whole.

I am hoping in the future I can look back and be really happy about my decisions this passing days, I am already happy in a way now only that I still need more but the prices have shut up greatly, I may still buy at current prices but let’s just wait and see what happens I might decide to up my target to 5000 palcoin.

For now I am happy earning from two side, the Steemit side and the Palnet side. I plan to keep on staking the palcoin I earn from Palnet.io post and curation maybe someday I’ll be able to have enough influence to help a lot of people.

Thanks for reading my post, like I always say, upvote it if you liked it I’ll truly appreciate that. Keep your comments coming and follow me if you have not already done that. Again, thanks a lot for your support to me always.

Please remember that I am no financial expert and this is not a financial advice, conduct your own research before doing anything, best you can contact your accountant or lawyer before taking any decision.

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@ketcom do you know how many staked PAL coins are needed to produce a vote with any value?
I was testing this out and I have 421 staked PAL and my upvote is worth 0 ! 😳

Hi @silvertop, I honestly don't know how much staked PAL you need to register 1 PAL after upvote. But what i notice is that there is a slight delay. After upvoting give a minute or two and then refresh to see what happens. I was trying to acquire up to 2,500 today buy the price has doubled now. Seems loads of people have got the juice right now. Lol.

PAL fever!!!!👍😊

I am still not sure what Palcoin can be used for. But I got some through your link and staked them xD

Hi @cwow,

  1. You can exchange them for Steem at Steem-Engine.
  2. You can stake them and if you have much of it you earn when you curate users and when you post using the tag #palnet.
  3. You can leave it where it is and hopefully in future the price goes up.
  4. They're working on using it to upvote but that is in works the last time i checked.

So curate users using the #palnet tag and post in the same tag. Thanks got it :D

Posted using Partiko Android

You're welcome my dear.

Hopefully it’ll be a solid investment. I staked my 150+ coins and am hoping for the best 🤞

Posted using Partiko iOS

I believe so too, that is why I am buying more of them.

The law of supply and demand!
Until a few days ago nobody wanted the PALcoin, now everyone bought them because influential and intelligent people advised to keep them! we buy as long as the prices are reasonable! Greetings Claudio

That is very true my friend.

@ketkom, is that a momentary thing? I successfully performed the said actions on steem-engine.com and got result: zero. I may add that my SteemPower is 85 SP only (as I am new here). is that normal, or 'something went wrong'? what do you think.

just refreshed the page... and received 78 palcoins; staked all.

Yeah, it delays sometimes and needs refreshing to show up. Congrats.

your post was actually a solid help for me to figure my head around, how the things work. tnks!

Truly, this is solid investment. Thanks for the guide.

You're welcome my dear.

Thank you for your continued support towards JJM. For each 1000 JJM you are holding, you can get an additional 1% of upvote. 10,000JJM would give you a 11% daily voting from the 600K SP virus707 account.

Hi, @ketcom!

You just got a 1.01% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

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