Accumulation of SPS is started: Why it is the best time to buy SPS?
Hello splinter boys and girls living in the Splinterverse, hope you all are enjoying the recent pump in Splinterlands assets which is a clear sign of the bright future of the game! The crashing market is going to end in the Splinterlands soon or later. I am also very satisfied to be one of the Splinterlands believers because my Portfolio of the game assets like my card collection has started increasing again and already it has grown around 30% from $1300 to $1700 now which is a solid growth after such a tremendous drop! This can be predictable when the overall crypto market will enter the next bull season, the Splinterlands assets will be multiple times of the current value for sure.
During yesterday's town hall, the team finalized the requirement of SPS staking for the ranked battle leagues instead of CP which is going to be an immersive move for the total game economy of the game. This announcement has already made the upper movement of the SPS value and I think the value is not going down anymore. And also the amount of staking SPS will surpass the available SPS in liquid and there will be more shortage of the SPS and the price gonna increase more as the implementation time comes closer!
The upward movement is finally here after a couple of years of dumping trend of the SPS price. Though the price of the SPS has lost a lot more than many other cryptos in the running crypto winter Splinterlqnds is still at a very strong point in comparison to many blockchain games which were more popular in the mainstream media and among the whales and crypto community. Games like Axie Infinity, ILLUVIUM have been almost destroyed with such a massive adoption and their tokens were at the top position once. Also, numerous pumping and dumping games like Cryptoblades, and Thetan Arena has completely destroyed and their users are just fed up. But for Splinterlands, the players are always playing and they are more active than before and expecting a lot of positive sentiment which is really an amazing fact about Splinterlands!
Increasing SPS price vs Dumping Cards price and the BOTs Trio
Now the most important observation is to see the impact of the changes on the total game economy. It is crucial to eliminate and promote one asset by de-promoting the other one. But in the case of BOT farming, the situation will be really bright for the genuine players! Also my concern is as the following points-
The complete replacement of CP is not acceptable for keeping the cards in a stronger position! especially the weak cards will be in danger and people has the only thing to do is to burn them!
I prefer balancing in CP and SPS staking by making the ranked battle with both requirements just not only staking SPS but also the CP. these two can come along for more effectiveness in the game economy.
To make downgrade the BOTs-farming the CP requirement with SPS staking will be more effective and the asset value will be more sustainable in this way.
Time to buy SPS
And so I have started buying more SPS nowadays as my staking SPS is very negligible! Though it is not clear about the required number of SPS for the respective league, I can say that the requirement must be higher to make the SPS more valuable. As player, there are several things to remind before purchasing the SPS at a climbing price for the following concerns-
The LP rewards will be available and the demand will definitely increase.
But from the 3 B supply only less than 1 B supply is available now so inflation is still on the way.
So, aggressiveness in buying at a high price will be a foolish idea, let the situation be cool.
But for now, the price is at the bottom so you can buy as much as possible.
The card price will be down for the initial and the burning of cards will also increase, so the price will ultimately increase in the long run. So don't sell cards to buy SPS!
If you had any plan for running BOT-farming and BOT guild, stop ding that it will be a loss project for sure!
Thank you so much for your time and attention in reading my post and if you have any suggestions please let me know in the comments. It will help each other to grow up! Play for fun and enjoy your time. Enjoy your every day in the best way you can. I will catch you at the next one!
Have a nice day!
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Deff is the best time especially when GLX is a higher price and giving a crap load of tokens you can allocate like i think i get 2500-3000 glx a day and 1000 plus sps so been swaping glx to sps as its getting almost 50% more when translates into 30% of the airdropped 100 million instead of 20% and also have about 110K glx which is going up a few percent a day by the end of the year hoping to have a 500K GLX to 1 million. The node drop should help to thats my main focus is getting nodes bc with sps low they act like a futures contract as all the cash flow value depends on the sps and voucher price so it it rips up my 13 nodes right now will be worth a crap load more and i can sell a few to cover the cost of the originals. Hoping to get to 30 soon as i want to be able to have negotiating power when joining a validator pool or start my own if i can make it a top validator myself with self delegation of sps then i can go to others and say here look then when ppl see that i can sell units of say 30% of the operation at a bit of a premium bc of the extra work as well as a bit for a monthly subscription to the revenue rights for a up front payment per month so its a hedge one will make out one will lose out. It will keep my income steady and get it a month in advance which can be put to work for 30 days when i did not earn it yet.
Posted using Splintertalk
Yeah I agree with you and your strategy is definitely sensible you are also growing your SPS from the nodes and other assets also. I prefer the nodes which will definitely give you a solid return but at this moment GLX seems weaker I haven't invested in that but getting a tiny portion for my staked SPS. Nodes are going to dominate in the future decentralization of the game. Best of luck with your plan.
As a player, I don't have a plan for such a big investment but trying to keep myself growing slowly in a sensible way!
Thanks for stopping by!
I just like SPS now bc of the GLX drop whixh then is giving a few hundred percent still and will be buying nodes now bc they will fly in price when they do
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You just use bots and play the tournaments for all accounts yourself and play brawls for all guilds and all accounts then sell the soul bound cards and gladius accounts as starter brawl accounts for new players or lease them out as i plan on forming a rental market as well as a purchase option for acounts and entire guilds i build with a 10% perpetual royalty for income so i keep making money aftrer i sell.
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May be the upcoming changes may affect from all perspectives as there may be both requirements of SPS and the CP, and the renting cost of higher league cards may be profitable if you are lucky I think I have no idea I have concerns about the changes.
You should take a look at the mkt cap chart shows a diff picture as it accounts for the staking rewards you receive if you have had it staked like i get a bit over 1000 sps a day right now between nodes and the 930K sps i have plus im getting a good 500 GLX from the sps stake and about 2000 a day in glx for card packs bought and staked as well as the air drop for GLX on the 110K GLX ive accumulated. Also have about 1000 GLGT from staking. I also provide liquidity to certain pools to try and hedge it the best i can by negating certain pairs out and making it less risky and earn a higher ROI. Still like nodes bc the drop has not occured for GLX and that will likely be big im hoping they sell for a few grand each and there one to one ill sell 50% right away if there at like 2K and 1/1 so i can make 20K pay for all my nodes currently and pull more of my cost out and play with assets that have no basis and anything i sell for is profit.
Posted using Splintertalk
And i guess the shares of common stock i have from the seed round which are worth significnatly more than what i paid.
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Sure you are getting a lot from your assets from every side which is really a great thing. I think the Nightmare pack was the best to enter into the GLX economy though I am not handling all of this investment perspective as it needs a ton of cash to get a lot actually. And over time these assets will definitely grow.
I started just playing then saw the potential immeadiatly and asked to buy in which was a 5X dividend after a year then i still own the 10000 shares of the company and am plowing into sps in the last month or so moved from 300K to about 1 million and plan to possible make a large purchase of sps if price dips to under .02 or if sps gets more expensive buy more GLX. Nodes i think are one of the most important coming up bc when sps staking goes live on players then nodes will go up and if sps follows with the fly wheel those things will rip depending if we can get to the next tier ill sell some at 5-10K if it gets there sell about half and planning on the 20-30 nodes and if i can sell 10- 15 for 5-10K thats 50-150K if it gets there which will be like 10X my cost and ill sell half and keep the rest same with glx which will prob spike so half will be sold if there a few grand. Debating on getting into a stadium but i would need to sell my packs or half if i can sell them at 10 ish in the public sale or hopefully 20 lol. If i can sell 1000 for 10 that buys my entire 10K of packs and then its pure profit and i can sell in smaller chunks when it spikes. DEC-B i will be buying a bunch and soon will be hording dec a bit maybe to 5 million so i can fund my guilds that I decided to just create and play every fray to get all rewards and get a few bots in champion and diamnond to get some good rewards coming in but will need a really cost effective team possibly will have one guild owned and then have extra guilds where i rent the decks and bot them and play the tournments and brawls or have ppl do it for a split if profitable. Planning on basically having a one man guild alliance lol. Until its to much time but i have a bunch of automation to start which will get me to 50-100 articles a day and also copy and pasting on steem and others will generate alot of rewards. I found a great way to just produce content based on the most voted so if it cna get that going and get those 10000 spt votes on most of them i can get my stake up to a massive amount and then print more money and hopefully take 51% so i can change some shit. Its so cheap right now it may be possible to acquire enough cheap enough to get a large stake which my goal is 50 million spt which will be a nice vote as well. Hive is another one ive been plowing money into.
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I am deff buying the nighmare packs until i get to 10K max so that would be 1000 sps a day and if i can get them under 2 bucks that will bring in quite a bit before the sps stops. Land may actually be a good one bc it will not be here for a bit and if sps goes up it may pay for it self and then more. My biggest thing once i get to my first goals is to move into other assets each day to keep my income less dependent on spl games and more on stable coins and lp pools.
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Dear @tanzil2024 !
Is SPS a token used only in Sprinter Land? Do you want to buy items with SPS to enhance your avatar's power?
Do you want to make a profit by investing in SPS?
Sure, I want to enhance my power and it can be treated as an investment also!
How about a unique CP? Only single max is counted for CP and not additional copies? It will improve the cost of all cards. Also since it's in the roadmap now, it's hard to avoid CP replacement scenario! !1UP
I think that can be another way to use the CP but it should be not the max out of one rather than the highest level of the owner will be fine, otherwise many new players will be sufferer to max out many legendaries.
Yeah definitely the use of CP in these alternating way will make the cards expensive which is necessary for attracting more players.
I agree with you it is difficult but they put it in the roadmap and I don't support the complete replacement which will make more concerns and confusion among the players.
Thanks a lot for stopping by and for the 1UP!
Did you know I predicted many upcoming changes way before?
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sps also give more money than renting now cards, but cards more stable money for sure, in few years cards as limited edition will increase but sps all depends on developers.
That's the critical decision to take, many will sell cards for SPS and that will dump the market and useless cards will be burnt and finally cards will be more exoensive, though the situation will say but abrupt decision must be avoided!
nice post yet this part
"But from the 3 B supply only less than 1 B supply is available now so inflation is still on the way."
the total max supply of SPS is the same as DEC & DECB at 9 quadrillion.
Posted using MemeHive
Are you sure about the total supply of SPS is the same as DEC? I have found that there will be 3B for SPS as in their white paper- https://sps.splinterlands.com/distribution, I don't know if there is any change though!
Thank you for your pointing out the fact so that I can verify again. If SPS max supply is same as DEC, then I think there is far more inflation than expected!
they can say they will only pull so much yet white papers get edited, plans change and if you look on hive engine, click the i button to see the token info like total max supply...
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Hello brother @tanzil2024,
A fantastic improvement. I didn't understand the game, just read that there was an increase in the number of stakes in the before and after. Hope this turns out well for you now and then. Insha Allah.
Dear brother @elchaleefatoe15, nothing to be worried about in the game, If you are not playing then the post is not so important to you. I have put some money into buying the SPS token and I have discussed here that now is the perfect time to start buying some SPS.
https://twitter.com/1517865371864293376/status/1615183112740417536
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Im also buying CL, RW, TD packs to hold unopened as fomo will come for cards and packs when its closer and they will likely spike and i can dump half for double.
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Buying these packs is always a great idea from the third party market and you can increase your hive with the fluctuating Hive price in recent days!