dCity Investments - Has the SIM price found the bottom?
Over the last few month’s the price for the dcity token (SIM) has been going down a lot. The lowest value I have seen has been 0,0015 Hive per token. The reason that this is news is because the SIM token has a sort of soft-peg to Hive, which would normally keep it at around 0,005 Hive.
This is because you can buy random cards in the game for either 800 SIM or 4 Hive per card. But this only works when there are more buyers, people investing in the game, then people that are cashing out.
If you buy random cards for 800 SIM and the SIM price is 0,0015 then you pay in effect only 1,2 Hive per card, instead of the usual 4 Hive. That is a 70% discount if you would like to invest in dcity.
The only reason this is possible, is that there are more people trying to sell their SIM tokens, then people investing by buying SIM tokens. As soon as the buyers increase, or the sellers are done selling, the price will go up very quickly.
I have been reading some conversations in the dcity discord with Gerber and based on that I expect the 3rd edition for dcity to be coming out very soon. Possibly this month. This means new cards, new tactics, new possible strategies and also most likely some of the big sellers that will turn into buyers.
I could be totally wrong, so do your own research. There can always be reasons why things work out differently. But I am convinced dcity is worth the risk and that when you are not invested in dcity yet, that you should seriously consider investing.
By the way, dcity is by far the most profitable passive income fund you can find on Hive. Especially if you get in now when the price of the SIM token is still low. Do let me know if you would like some tips on where how to start. The start can be a bit daunting, but I gladly help you out.
Do let me know if you have any questions.
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Still struggling with understanding DCity. I bought a bunch of cards and my sim earning went up a bit. It then dropped without me doing anything.
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The most important thing is that you balance the workers you need for your production cards with the population in your dcity. So unemployment should be close to 0.
Lately the basic tax has gone up a lot. This is an automatic function when the sim price on the market becomes low. I expect this to change in a month or so when the third edition comes out.
I bought random cards when I was new to the game, then got addicted to targeted purchases. Wanted to grow my daily income so that I could buy a new card every day with city-generated income. And here we are.
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Yes, for me it was quite similar :)
I can now usually buy one or two farms and I maxed out education and homeless and immigrants training.
I’m excited for the changes that the 3rd edition will bring.
I am quite happy with my position in dCity. I have sold all my SIM every single day for the past half a year or so. Now I have started to buy more 1st edition cards before they stop being printed and to have more for the upcoming combination cards that require buildings and technologies. I think the 3rd edition really will make a difference for dCity and make the game more interesting and the cards more valuable.
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That is totally a viable tactic. Setting up your dcity and then taking profits. You likely earned back your initial investment.
Also 1st edition cards will get more expensive I think after they stop being printed. Although you will likely not be the only one who is thinking this way.