Splinterlands FOMO During Bear Market

It's incredible how much FOMO there was yesterday in the Splinterlands!

Absolutely spectacular to see the Riftwatchers presale end as soon as it started (less than one or two minutes!) and to watch licenses being purchased in bulk in real-time, and completely exhaust Tranche 1 supply!

image.png

Chaos Legion packs have been purchased hard too, and it's only a bit until the next airdrop will drop.

I'll be honest with you, although I didn't see anyone, the whole day after the Riftwachers presale started seemed like a Black Friday at a major retailer.

And remember all this happens in a bear market, while prices are set in US dollars. Can you imagine another level higher? I really can't, other than new users flocking onto the platform in droves.

And it's not over! Tower Defense presale starts next week, Runies will be released shortly after, and in October there's the pack sale for GLS.

I have to admit, HiveFest presentations are about to begin and I still haven't recovered after the amazing day in Splinterlands yesterday.

What is very cool is that everyone involved in Splinterlands wins.

Those who participated in the presale or who bought licenses or packs, got what they wanted (hopefully, if they were quick enough), and others win in different ways.

Knowing myself and my equipment, I'm glad I chose not to participate yesterday. I would have lost the presale boat almost certainly, and that would have been frustrating.

People who haven't pulled their SPS and VOUCHERs from the diesel pools (or liquidity pools, more generally) to buy those nice things, gain in APR.

Currently, the APRs on most pools containing the two tokens are through the roof. They are probably the best APR in Splinterlands for the time being, better than licenses that had the top APR before yesterday.

Here's how I see this. Splinterlands is a huge ecosystem and growing at an incredible rate. You can't be everywhere and excel at the same time, in my opinion. So, what we all experienced yesterday, with lots of people getting what they desired while others held back (this time) but still won because competition in the liquidity pools dropped significantly, is a perfect example of everybody winning in Splinterlands.

There is one condition in my opinion. To focus, have a plan and stick with it, and try to excel in the areas that you focus on.

You don't have to chase everything in this ecosystem. There will come a time when your focus will receive a boost in profitability, even when you don't do anything other than wait. Just by how the different parts of the ecosystem interact and change one compared to another.

Let's not forget the last proposal that went through shifts the SPS rewards more towards the higher leagues. That should be great for those playing in higher leagues but may affect other areas.

If lower leagues bot farm owners decide to pull the plug instead of moving to higher leagues following better rewards, that will affect the rental market.

At the same time, if that happens, the lower leagues will become less crowdy and even the rewards to those remaining there or new arrivals might remain satisfactory.

But there are many interacting pieces, and we rarely can predict what's going to happen with a good degree of certainty in the Splinterlands ecosystem.

P.S.: I wrote my post earlier today to keep my eye on the Hivefest presentations. We already learned something important today, which is related to Splinterlands: custom JSONs will cost more RCs after HF26!

Posted Using LeoFinance Beta



0
0
0.000
28 comments
avatar

I don't play Splinterland but is good for the fans who play daily and compete to grow their account!

0
0
0.000
avatar

Whats a custom RC? I didnt understand that part.

Posted Using LeoFinance Beta

0
0
0.000
avatar

It's custom JSONs... I thought I wrote it wrong in the post. :)

They are the type of transactions used by Splinterlands, Hive-Engine, or DLUX - to name a few - to operate at the 2nd layer on Hive. They are posted on the 1st layer and until now they were very cheap (in terms of resource credits cost). Looks like that won't be the case after the HF.

0
0
0.000
avatar

I was surprised at the sell out so quick, and also that the price of vouchers didn’t pump very much.

0
0
0.000
avatar

I believe many of those who participated in the early presale probably had their SPS and VOUCHERs ready, and didn't have to buy more.

0
0
0.000
avatar

You don't have to chase everything in this ecosystem.

Agree. I already knew that I do not have enough financial resources to buy.
I could sell some of my cards but I did not. The risk is just too high for me. 😊

!1UP


0
0
0.000
avatar

I am in the same boat, especially with other goals that are not related to Splinterlands still hard to achieve. I couldn't afford to open another front in Splinterlands for now.

0
0
0.000
avatar

The speed of sale for RW is super fast. Looking forward to it making changes to current meta

Posted Using LeoFinance Beta

0
0
0.000
avatar

They will likely have a great impact in high-mana games.

0
0
0.000
avatar

agreed, now those 99 mana matches are mostly under utilized

0
0
0.000
avatar

Sounds like the people who are really into Splinterlands went pretty nuts for it. Hope they all get a really good return on their investments.
!CTP
!ALIVE

Posted Using LeoFinance Beta

0
0
0.000
avatar

There was an incredible FOMO. Like most things in Splinterlands, everything you buy may come with an amazing ROI at some point.

0
0
0.000
avatar

I hope it works out for everyone who is invested in it, @gadrian. I have had to tamp down my FOMO so it doesn't cause me issues as it has in the past. 😀
Happy Sunday!

0
0
0.000
avatar

I discovered for me, the best cure to FOMO is planning, goals, and sticking to them.

0
0
0.000
avatar

That is the best way. Keep your eye on the ball and remind yourself where you're headed. If the new thing doesn't fit, which is usually the case, then leave it and move on.
😀

0
0
0.000
avatar

Currently, the APRs on most pools containing the two tokens are through the roof.

As someone who is using the SWAP.HIVE:SPS LP to stack HIVE faster, these pools are a godsend.

The APR keeps going up and impermanent loss is DCAing me back into HIVE!!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Same here. Now, SPS won't go only up, I saw they pulled back a little after the presale ended, but there are more presales and I am confident the price of SPS will keep getting higher which will help in our goals to get more HIVE.

From what Aggy said, 50m SPS and 1.15m vouchers went to the DAO or were burned for Riftwatchers+licenses on Thursday. That's a nice chunk to take out of circulation at once.

0
0
0.000
avatar

Yes lots of fomo yesterday and hopefully they will make each sale after this one easier to determine if you were in the lucky group.
!CTP

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yup, I hope so too. I remember the first phase of land presale had similar issues but they fixed things for the following phases.

0
0
0.000
avatar

I was checking out the APR given by the pools and it has all gone up. It's kind of crazy to see our APR go up due to SPS price going up and other people are getting out of the pool.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Actually, the APR goes up precisely because there are people withdrawing their SPS and VOUCHER from the pools. Less competition, same pie, APR goes up.

0
0
0.000
avatar

Even though I don't play as much at the moment, I did feel the FOMO to a point of sacrificing my pools just to buy my little stash of 5 Riftwatchers packs after the pre-sale 🤣

It's been awesome watching this game grow and, again, even not giving the proper attention it deserves, I still earn passively while renting my cards!

Speaking of cards, to calm down my FOMO I have some CHAOS packs to open ;) gotta love the shakey-shakey!

!CTP

0
0
0.000