Too close to make it 200K SPS Stake

I have been aggressively accumulating sps tokens for the last few weeks, and now I am close to making it. I meant to see that the gap is not big and I will make it in a week or 2 maximum. Although my SPS goal is not new and I have been trying to accumulate for a long but I believe that now we are at the edge of the bull run market hence it is very important to build the portfolio for the long run before the market triggers. Once the bull run starts it will be difficult to buy more because prices will shoot up and I don't want to be in that zone so that I miss out on sps this is the reason why I have been trying my best in the last few weeks to accumulate whatever maximum is possible.

Today I have purchased another chunk of tokens and will be powering it up. This is what I do immediately after the buy because I don't believe in keeping these tokens in liquid form and it's not beneficial either. I am transferring those tokens from the market wallet to the game account and the quantity is one thousand SPS tokens. I place buy orders with different prices and wait for these orders to get fulfilled. Most of the time these orders are filled in a day or two and once these orders are filled then I transfer the tokens to the game account and power up.

The token transfer is done and now I can take those tokens in a click which I am going to do and it will increase the boost value as well for my account. We know that SPS is an important token in the game ecosystem and the reward is completely determined based on the SPS holding. In simple words the more SPS you have in your game account as a stake brings higher the reward for you in the game.

The powerup is done and here is the updated balance of my SPS holding. I need to have less than 1100 tokens to achieve the milestone and I hope that I should be able to do this very soon which can be a week or maybe earlier. I will be trying my best to buy this chunk as soon as possible so that I can reach my goal and then I will think of another strategy with my SPS token accumulation. If I look at the dollar value of my SPS holding then it is approximately $1600 whereas I have invested much more than this because my buying was started when sps price was approximately $0.30. At that time I had no thought that SPS could go this much down but it happened and since its a market things can not be predicted.

The token price has increased slightly because earlier I got it for less than 0.04 hive and now its above this range. I will see if this price goes below and accordingly, I will place my bid for the buying.

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My plan with SPS accumulation is for the long term so even if I stop buying then also I am going to follow the reinvesting strategy. It means whatever tokens I earn with my holding are going to be added to the balance and this way even with the current APRI should be able to earn a good number of tokens. I hope that with a stake of up to 200K SPS tokens, I will be able to earn a good amount of tokens where the APR is more than 10%. This may not be a very high APR but undoubtedly it is something we cannot ignore since it is pretty good. Apart from this the holding also helps me to have better game rewards and I get more glint tokens in the game which I use in the shop to buy different stuff from time to time.

Snapshots taken from splinterlands.com

Thank you

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