The reason the point is being rounded off is because you are letting the knife go down towards the end of the sharpening cycle. Be sure you hold the up towards the end. I had the same problem with mine at first, but was lucky enough to catch a demo at the sportsman's show at the dome and the seller explained and showed me why it was happening. Just don't let the knife drop when you are getting to the end.
Also if you flip the knife upside down and pass it on the belt you can slowly bring back your point.
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