Splinterland's : Holding DEC vs Buying Packs vs Wait for "Chaos Legion"
Splinterland's : Holding DEC vs Buying Packs vs Wait for "Chaos Legion"
After the Splinterland's announced their governance token SPS ,players witness massive buying spree for Untamed packs and Land plots and all of them were sold out within weeks.
Announcing their partnership with YGG Guild is also changing the game as the cards value is significantly increased in the market, A "out of print" legendary reward card that used to be sold for a $1 a year ago is now effective 10x of that price and it look like collection value is almost boosted with 3x in past 3 months.
As a player you constantly earn rewards in cards and DEC and question arise what should be the approach with Splinterland's now.
1.) Should I hold DEC?
Seeing the current price of DEC that is trading above it's peg value and announcement date is still pending, I am sure that DEC can further overshoot the peg value when SPS airdrop starts.
Holding DEC is look to be the safest bet (in term of USD) that you will get the airdrop and will able to sell the DEC for same or little more of your purchase price.
2. Should I buy packs?
Unfortunately since pack are sold out in official store so they are available in secondary market only.
Now depending upon your luck you can get these pack for 2000 DEC (very slight chance) to 3000 DEC(very readily) . Since card price are already on top so opening pack might be cheaper than buying cards and it will help in improving your collection score . Collection score will be an important parameter when you stake the SPS tokens because staking rewards will favour the hig collection score.
Another approach is to buy and hold these packs and sold it later like novelty (see the prices of Beta packs now.) and earn some profit.
Anyway it can be good approach but only downside is here that you have to wait to reap the profits and it is really not guaranteed that how much days and how much profit you will made with this approach.
3.) Wait for Chaos Legion.
This is the third approach that why I should spend money on the cards that are getting out of print (as it really increase the cost of building nice deck multifold) , I should save my money/ DEC and once Chaos legion starts, try to buy big there and get handsome discount on that bulk purchase.
Again only downside in this approach I see if Splinterland's release less supply then demand (as they did in first round of land sale) and you will have to buy same stuff in next round for more price.
My thoughts
Personally , I am going with approach 1, to keep DEC and for this I am really converting my untamed pack to DEC @2500 DEC per pack. Occasionally when I find deals where I can buy untamed pack for the cheap (like less than $2.25, then I buy also and take benefit of arbitrage also. If I get early access/promotion in Chaos legion then I will buy it, otherwise DEC is the nice investment to farm airdrop SPS tokens and I am confident I will get it's equivalent USD value any time, no need to worry about dips/bear in crypto market.
A liitle arbitrage for today.
As I already told above that anything below $2.25 looks like a cheap deal to me for buying untamed pack. So I took the opportunity @liotes shop to buy some packs.
You can use the direct link to shop and supply is very limited as it now left with 5 packs.
Note for my affiliates
If you want to play splinterlands then you can join it here
I saw few of the player joined the game using my affiliate link and then stopped playing after few battles. If you have any difficulty in playing game, do not hesitate and join the game discord. It is really helping community and contact me here or on discord, I will definitely delegate you some card and review your game for your better game experience.
Posted Using LeoFinance Beta
Shared in reddit, My userid in Reddit is /user/r1s2g3
Shared in Publish0x, MyPublish0x user_id is /@Rajat-G
Shared in noise.cash, My Noise.cash id is Rajat_r1s2g3
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Thanks @bhattg and IU.
Posted Using LeoFinance Beta
Congratulations @r1s2g3! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 10000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
The game guvea ligs if opportunity to the players to wrn crypto..
I have make my mind sold some of GF to book profit...
yeah game is really add earning opportunity in Hive.
Are you cashing out profits or re investing them .
Posted Using LeoFinance Beta
SPT is another option for airdrop points.
!BEER
Yeah , Currently SPT is also a cheap option but I saw only 1 draw back that if you want to exit that position then market liquidity can be big issue and SPT price is unpredictable too as compared with DEC.
Posted Using LeoFinance Beta
Sorry, out of BEER, please retry later...
Very interesting your post because you have collected all the investment possibilities.
I am in a particular situation because:
I would like to upgrade my card collection but on the other side I would spend dec that are useful for airdrop and so I think that for the moment I will buy cards only in case I find very good offers.
I decided to open all the packs I have yet to open and I will sell all the cards that I don't need in battle.
Moreover if for the new collection there will be airdrop as for the Untamed collection it will be convenient to enter immediately.
P.S. I remember a post of yours when DECs were really cheap and you recommended buying them, that was super advice and time has proven you right ;)
!BEER
!PIZZA
!LUV 1
Posted Using LeoFinance Beta
@r1s2g3! I sent you a slice of $PIZZA on behalf of @libertycrypto27.
Learn more about $PIZZA Token at hive.pizza (9/10)
DEC is getting sold above the peg is remarkable, I am really putting a close watch on DEC and still accumulating it.
Just wondering if SPS airdrop can do more spikes in it.
Posted Using LeoFinance Beta
@r1s2g3, you were given LUV from @libertycrypto27. About LUV: https://peakd.com/@luvshares
Sorry, out of BEER, please retry later...
Thanks for sharing! - @cieliss
Nice post !! Excellent tips for Splinterlands players.
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for Proposal
Delegate HP and earn more