Praetoria Land has gotten so cheap - I am buying!
So have written a bit before on the Splinterlands "Land" Praetoria Play. Basically, I am 'gambling' (playing) that Splinterland's Praetoria Expansion will either lead or benefit from a new bull market in the Splinterlands Ecosystem sometime in the next years.
Here are some of my previous posts:
Splinterlands Onboarding opportunity
Land, Grain and Totems
First Legendary Totem Combine!
Now it is the case that we might have actually hit bottom basement prices! The excitement has passed (even though GRAIN:DEC LP is probably launching tuesday), and people are selling out to "greener" pastures. This always brings opportunities, but only for those who believe in the project. I am making no advice, just documenting my own journey observing and trying to value things around the decentralized development space.
Cleared plots are going for 14 dollars, which is 17.7k DEC right now. To my eye though, the cheapest plot on these markets are the 15 dollar (19k DEC) plots with building in a box. Not only are they in the Pristine Northwest, a much more active region for the Secret of Praetoria, but the BiB has a built in 10k DEC "first level building". Sure, they already dumped their power cores, but that's 9k DEC net for the plot, a good enough deal that they might even be worth it to pick some up and let them sit without cards on them.
And this is just on the low end, which is where I like to focus since I don't have a ton of "whale power"; most of my portfolio is locked up in interesting Colombian Real Estate projects. But there are BIG opportunities at basement prices on the high end as well.
https://twitter.com/Goldmatters_/status/1789691933079806140
Take this region for sale, being advertised by the eminent Goldmatters. This deal includes a whoe region worth of plots, research points, maxxed cards and titles, power cores, Buildings in a Box, Unstable toems, and 5.8 Million DEC-B.
Wow, I can only guess what a deal like this might be worth, probably north of $20,000 USD, considering that what I believe is the most expensive 'crown jewel', the castle, is probably worth at least $8,000, though who can really know in such a bulk deal - my experience is that in such a big deal 30% of 'fair asset value' is not unheard of, if offered in a liquid form such as stable tokens. And seeing as fair market value is as low as it has ever been, although maybe not 'as low as it can go', I think anybody who ends up grabbing this up could be a very lucky person.
Time will tell
Of course, there are no crystal balls in life, we just do what we think it right, what we think is fun, also often what we have to do. Trying to line ourselves up on asymetric risks is the name of the game on this frontier of decentralized development. If we wanted a sure thing I guess we would do something else with that part of our portfolios.
Thanks for the advice on the value of building in a box versus just buying the cheapest in the market. I might consider adding a few more when I get the chance. With only 150k max supply, land plots can be considered a scarce asset too, in my opinion.
I think it is an excellent investment, good luck.
!PIZZA
If they can somehow manage to port all of this land into a 3D engine, this will be massive.
Eco building out the hacienda!
"Cleared plots are going for 14 dollars, which is 17.7k DEC right now" interesting I will check it thank you for this article.
I already have 142 plots of land and I'm considering buying more at these deep discounted rates!
That's a cheap price for buying a Preatoria Land. You've got a lot of discount from buying this land.
This is nuts I had no idea they came down to $14!
15 dollar plots😍😍😍... You're making some very good investments I'm loving it😍😍😍 one day u might just become one of the Big champions there
I really love playing splinterlands.
Im good tho not really having a solid income.
!PIZZA
Its definitely not for everyone, scale matters in crypto. You might consider a game like dCity, where you can get started using @ryosai 's guides for less than $2 and roi very quickly on a low amount.
Lurking to few Hive communities lately.
This is the future, this is where we are going. I believe that this will be a game changer, not just in the splinterverse but in the online gaming. I do not see other gaming communities that are as passionate as us. This passion will move mountains and shake the land. Onwards #Splinterlands 👍 !PGM
Peace
Happy anniversary
My plan for the land ecosystem is not going to change since all my deeds are fully operation.
The cost to build and make operation work is too much right now to buy a new plot.
If you have the resource, it is a nice opportunity there on the market.
Thank you for sharing
Happy season ends
Regards
How much could all those assets that thewolf sells cost, it is crazy all that he owns there, a constant flow of money, but among other things yes, we see many opportunities in these prices that are bottoming out, we will see what happens, we have to take advantage of it.
I wonder too! Too much for me, but can't waot to hear a number.
Was not paying attention with the plot prices, didn't realize they were this cheap now.
go for that 👍
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