Splinterlands: decision time!
I have been playing Splinterlands almost of the start of the game and to be honest I did invest more into the game than I did plan and maybe also wanted to. But when playing the game you do want to get higher up the ranks and earn more and more crypto!
While I haven't recovered all my investments yet, the biggest part of it has been recovered. But now the value of my complete collection is getting so big, that if I would sell it all, I probably would be able to recover all fiat money ever invested into crypto. So maybe it is time to pull the plug, sell it all, recover my fiat investment and have a pleasant and free ride on the crypto markets!
But. Yes, there is always a but! Splinterlands could become much bigger, there are very promising sings at there that it could. So I do fear missing out on bigger profits!
My complete splinterlands collection and value!
At the moment of writing this post I do have 364 cards in my collection, good for a total listing value of $10644.93. That is a lot! Way more than I ever did invest in the game. So if I would sell it, I can honestly say that Splinterlands was my best crypto investment ever!
If I do look at the value per element I do get this:
But there is more than just cards. I also own some land, unopened untamed packs, some SPT and totems. This does add another $851.4 to the basket!
So the total does reach $11469.33.
So that should like an easy decision. But still it isn't. What if Splinterlands does go mainstream and the value will keep in rising?
But that "what if" question is probably one of the most asked question in cryptosphere! Why is it always that hard to make a decision.
To top it up, the SPS airdrop, a government token within Splinterlands starts today! This is a daily airdrop based on the value of your deck, SPT, DEC and so on. Do I want to miss out on this?
So what to do?
Clueless I am. This shouldn't be the case or should it! The dollar value of the cards is not what I probably will getting for them. I did take the lowest listing prices to calculate the value. But one card alone has for instance a value of $500. I will happy if I can sell for $425 to $450.
I do think that I will start with selling my unopened untamed packs to start with. That would be good for around $500! Which is a great start in my opinion. This will be followed by the totems and the land. Finishing with the cards, element per element.
Or should I just keep it and take a huge gamble. And educated guess! But I do have no idea how big Splinterlands could become or if it could crash ...
Cheers,
Peter
Hey Peter😀
Though my collection is only worth half of yours, I'm in the same boat....considering the same things as you...What to do??... I have already sold a few cards the last couple of days, and powered my Hive account up... the DEC/HIVE price has been awesome😀
It is indeed a tough nut to crack! Everybody thinks that it will keep on rising but what if it doesn't. I would call myself stupid if I don't do anything. But I also would call myself stupid if it does go to the moon!
I like the game way too much to part ways with my cards and many players feel the same way. That's the main thing driving the price to the moon...
All I'm doing is taking out some DEC and selling a few rewards cards that I don't need every now and then. Possibly going to sell part of my SPS too.
Splinterlands grew so much that my collection is worth more than all my BTC 🤣
Same here!
That why regardless what I decide would be a risk! Selling could mean losing out on more money, keeping them could mean loosing out on money!
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That is probably the best way forward!
I'm pretty sure the card prices will go down once Chaos Legion is released.
I've started renting out the non reward ones. I'm hoping to rent out the Level 1 rewards when lands are in use.
Unless the game completely implodes - too much growth to fast? Tokenomics out of whack - I think Splinterlands will continue to be a great investment.
Also, if I cashed out, I have no idea what to do with the proceeds so I'm holding onto everything to maximise my SPS return.
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The major part of cashing out would flow back to fiat.
I did rent out one card for 50 dec per day.
Guess I will start selling the unopened untamed packs!
Hi Peter,
as an already hooked newcomer I can assure you, this game will blow up even bigger and when I did understand everything that lurks around the corner with land, the airdrop phase now and many more innovations, I would bet not against Splinterlands, which you would do by cashing out.
Granted, I am so new, that I have not that much skin in the game as the early players/investors like you and I would struggle too, but from my perspective, I see the ingame assets going up for a long time.
Just my two cents and not financial advice :o).
Thx for the comment and the insight. I do find it a tough decision. My aim is to get a decent free ride on crypto and by selling I can complete that mission!
But I do think that you are right!
I think, at the end of the day, it comes down to personal preference, and I can understand yours for sure. Maybe in a couple of months, I am, where you are, and somehow I have the feeling, I will struggle as well :).
Let's hope you will face the same dilemma 😁
Wow, that is a pretty impressive stake you have there with your cards. I have been playing since the beginning too, but I don't think I have invested as much as you have. I think if it were me, I would wait and see what lands do for the game. Maybe just keep playing and moving your DEC into Hive or Leo or over to BSC and earn some passive income that way until you see how everything shakes out.
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So many options. Which is making it difficult to make an estimated decision.
The worst thing that can happen is that it vaporizes over night!
The combined value of this is more than my crypto holdings which does make me nervous!
I don't think it will vaporize overnight, but I understand what you are saying for sure! I have a lot of money tied up in some projects that could just disappear and then I would be in trouble!
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Luckily I did write if the crypto investments. I do try to turn some into fiat on a monthly basis. At least that gives me the perception that I am earning some beer money. While in fact I am just recovering my fiat investment 😁
It's only worth something, if someone buys it.
For sure it is. That why I did say that the value of the cards isn't the actual value when sold.
If the governance token brings in more people from outside of Hive, I could see the price going up.
I would assume that once governance is in place, burning of more DEC will be on the list of things to do.
So, there could be plenty of upside to holding for a while.
They are testing guild wars 2.0 where again lots of DEC could be burned. There are even card which you can buy which only can be used in a guild ware battle!