Splinterlands - My road to 200k SPS
It has been a while since I shared an update on my splinterlands profile. My portfolio in splinterlands is looking a bit dull and as usual, I don't have time to play the game. Honestly, I don't have any time to play any game at all. I miss the gamer inside me because I remember playing day and night a few years back. Ever since I saw opportunities inside the crypto world, I reduced playing games and in the last few years, I completely stopped playing games.
My investment in Splinterlands is still intact and I haven't sold any of my assets. There used to be a good time during the previous bull market when the grass was greener everywhere. My account worth was excellent back then. Today because of the bear market the card values have also drastically dropped and my overall account worth is also not looking great.
People say that now is the right time to build the profile. I have always thought that I should have a good collection of cards in the game no matter if I play the game or not. I used to rent my cards in the market to earn some DEC. That renting is also not yielding any great amount of DEC now.
Things will change
I'm sure that things will change. I have seen a few bull markets in the past and that has given me the confidence that there will be a bull market again and if we are clever enough we can have a very good time with our profile. I also have confidence in the game because this is one of the games on Hive or in the entire crypto space that has good tokenomics and has been very successful. I have seen people using splinterlands as their primary source of income and I have seen people who grew rich with the help of splinterlands.
I'm confident that things will change and that's why I thought I should invest more. I'm slowly traveling towards 200k SPS in my account. I used to target 100k SPS and then I gradually increased it in the last few months today I did a bulk purchase of about 26k SPS and powered it up. My account is now sitting at 139k SPS. In the next few months, I would like to reach my target of 200k SPS. On their website, they say that staking SPS yields 11% APR but I don't believe that because calculating APR is also dependent on the price of SPS. I have seen the price of SPS dropping down which might have affected the actual APR.
It has been 2 months since I checked my account on Discord. Today I checked it again and it looks like the value has dropped by a couple of hundred dollars. But compared to the value that was there last year, this is a big change. I mostly have old edition cards in my account and those cards have lost their value now. That's can be one of the primary reasons why the value is looking bad right now. I hope if the bull market starts again, the value will recover. Let's see.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Oh wow that's a nice bag of SPS already! Last months the accumulation is faster in my opinion, I earn way more than before in my battles, and of course it's easy now with the low prices to buy a couple of thousand every now and then too
Ooh
You could have been checking your portfolio from time to time
I hope the prices increase again though
I stumbled upon the game, but it seems like it has been a long time since it was launched, is it worth getting into and is it necessary to invest?
You dont have to invest, but you have to learn the game hehe. Cheapest way is to rent cards and try similar strategies than the top leader board of the league you play in :) You will learn what cards you like and make you win the most. Then you can buy those cards if you want to invest. Up to you
thanks for the info
You have a reasonable number of SPS
I’m sure by the time the price goes up, you’re rich!
Thats a good stack of SPS, makes me think I need to buy more
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You are on your way to achieve it and I am so sure it is just a matter of time before you achieve it actually
I have a similar bag but i want a 1m bag! Sadly, I have no more money lol
It's tough when the value of your investments takes a hit, especially in something you're passionate about like Splinterlands. But it’s great to see your confidence in the game's potential and your commitment to building your SPS holdings.
The ups and downs of the market can be challenging, but holding on and strategically investing during the lows might pay off when the next bull market comes around.
Here's to hoping your portfolio sees brighter days ahead!
Personally I believe the game is in a much better position to thrive for the long term now. So many exploits and loopholes were closed, many of the extraction based accounts have left, and now we have a core player base we can build upon. Exciting times ahead!
🎉 Upvoted 🎉
👏 Keep Up the good work on Hive ♦️ 👏
❤️ @bhattg suggested sagarkothari88 to upvote your post ❤️