Splinterlands | The Road To 100k Staked SPS !

There are so many things to get in Splinterlands right now with Riftwatchers Pre-Sale going liven Validator nodes, Chaos Legion Packs, the Runis NFT, Tower Defense, Genesis League Soccer. Yet my preference goes out to just plain stakes SPS and I set myself a goal to reach 100k on my main account. Here is Why...

---

Why I like SPS the Most!

I'm always on the lookout for Crypto assets that are reasonably priced with a likely upside price potential long term who pay a real yield that comes from actual customers. SPS perfectly fits this description seeing how millions were spent on the game yesterday by players getting into the Riftwatchers pre-sale and on Validator nodes.

I already made a post on the Real Yield Aspect of Splinterlands last month which I would say is worth checking:

---

100k Staked SPS Goal as Long-Term Hodl!

I tend to like arbitrary even numbers and 100k SPS seems like a nice realistic goal to aim for as someone that likes to diversify in a lot of different crypto assets. It's also in line with some of the Gambling Dividend Dapp Coins like SBET and BFG I have that pay Weekly Dividends (See latest Report)

I already managed to get around 60k SPS during the initial airdrop distribution period and have been staking everything that I have earned since and will continue doing so until I reach my 100k Staked SPS goal on my main account. With Riftwatchers increasing the buying pressure for SPS last week I also felt the FOMO and bought 18k SPS for around 1340$ fearing that it would be hard to organically get up to 100k SPS.

I sent that to my Splinterlands account and staked it right away which now puts me already at just over 80k SPS Staked

The price since I bought went down and then back up quite a bit already putting me at a profit on it aside from the passive earnings. I kind of hope there will be a price dip at some point which if that happens I will try to use to cost-average some more to reach my goal quicker. It's not unthinkable for the price to cool down again as there is constant sell pressure from players earning.

On the other hand, there are still a lot of Riftwatchers packs to be bought and SPS Staking along with the GLS Airdrop and likely some kind of Airdrop for the Tower Defense game still have to go live. Once DEC returns to its peg, the burning mechanic will start to kick in also and the lower the price is now, the better it will be long-term as more will get burned.

---

Plan After Reaching 100k Staked SPS!

I think when it comes down to it, a minority of the players in Splinterlands are actually making money from the game in that they are overall in the green. The reality is that Splinterladns became an actually fun (Pay2Win) game where people are willing to throw money at and believe they earn with an eye that thet can sell all their assets at any given time. This in a sense is true especially when you purchase in a smart way and make use of all the different earning potentials the game offers. When playing it smart, the time period where you are in the green including your collection value is actually not that long.

In order to be fully in the green even if everything would go to zero (Which I'm currently well in at the moment) you really need to have gotten in early or have a really long time horizon.

The tricky thing about Splinterlands is that the game all the time gives reasons to put more money into it and if you actually want to earn you need to avoid this trap and take profit along the way. I'm actually highly impressed by all the fomo mechanisms the devs came up like the airdrop system and the Increasing node prices. I try to avoid getting sucked into hype and did not get into riftwatchers since I value SPS way more.

So going forward once I reach 100k SPS, my plan will be to unstake everything above 100k that I have earned once each month both using it to buy some specific cards that I want on the market and to take some profit along the way. I will keep the 100k SPS staked likely for a long time getting all the benefits from it including airdrops, tournament entries, vouchers, staking rewards, and hopefully a price increase.

---

Current Progress

Date	SPS Staked	% Complete
16/09/2022	80367 SPS	80%

---

Conclusion

It's very easy to make a case for SPS right now at the current prices and overall market cap even on the full supply that eventually will get in circulation. The only valid concerns I would say are potential regulatory issues or of the entire world goes into a crazy recession. To me it makes a lot of sense to just accumulate and hodl to eventually take some profit along the way which is exactly what I'm doing.

---

Play2Earn Games I'm Playing...

---

Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...

Posted Using LeoFinance ^Beta