Crypto Currency 💲💵

One of the worst consequences of the Axie
hype here in the Philippines is the fact that the
peer-to-peer marketplaces are pricing $ETH at
5% greater than mid-market rates this week.
Why ETH? Because the Axie marketplace
denominates its prices in ETH, and you need to
have some ETH to buy your first team. As of
this Friday morning, this price disparity was still
quite wide in the P2P marketplace, which
greatly increases the overall entrance cost for
newcomers.
I've said this before but this is a very tricky
time to try to get into Axie Infinity, and that is
especially true because most of this new money
is coming from people with zero experience in
crypto. They can not imagine what a bad
downturn actually looks like, because they've
never seen it happen. Instead they make naive
estimates like "even if the SLP price went down
to 12 pesos, we'll still make our money back in
4-5 months." Please allow me to disabuse you
of that delusion. This is crypto. When things
crash here, they crash by 80%, not 30%.
Imagine spending 120,000 pesos on your
axie team today, and expecting a 3 month
return-on-investment from the player you've
sponsored. If SLP crashes back to 4 perso