dCity Investments - weekly update - More than 100% tax!!
My weekly update about the strategic choices I made for my two dcities
I’ve been writing about several aspects of dcity so far, but I would like to add to that a weekly update about changes that I have made. Tutorials are great for understanding a certain aspect of the game, but along side these it is great to also be able to get insights on day-to-day strategic choices from players that are a bit further ahead in the game. That is what I will try to provide you with in these weekly updates.
Currently I have two dcities. One on my main account @elbrava, which you can find here. My aim for this city is to simply grow as fast as possible and enter the top200 of dcities. This will likely require me to invest more money to make that happen.
My other dcity is for my @invest4free account, which you can find here. This second account I set up specifically to show that through being active on Hive, you can become an investor for free. You will actually be able to build an investment portfolio that will generate passive income for you through being active on hive.
This weeks developments are:
@elbrava
We have a new phenomenon in dcity: 101,9% tax. The only reason I still make some income directly is that fact that I have a Law Firm, which gives me a 10% reduction of taxes. So my Law Firm is currently saving me 300+ SIM in taxes :)
But this is not the only way I still make a profit with these very extreme taxes. Yesterday we still had a war tax which was good for my two Military Industrial Complexes.
Also my Weed farm produces Weedcash, my Stadium produce Entry tokens and my Job Centers trained some Workers. I have been investing in Job centers lately and I clearly see that my Homeless and Immigrants training is accelerating. I think that I soon will need to start buying Homeless and Immigrants from the market in order to be able to keep training them.
Now that the SIM price is at a record low position, I am wondering wether or not to sell some other tokens and invest in more dcity cards. If you had been thinking about investing in dcity, this could very well be the best moment.
For this dcity with its focus on SIM income only, the taxes are absolutely brutal. This is a massive wake-up call and I think I should make sure to spread my income sources. So I think I should start working on my Education and Training.
I am happy that I did already have a Law Firm, so at least some of my income has remained.
If you have any questions about your dcity about how to improve it, how to grow it more quickly or any other question. Please do ask in the comments. I try to always give a response.
Thanks for reading, do follow me for more dcity and investment content and see you next time!
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If you would like to start investing in dcity, because it is fun and very profitable. Or you want to get more hive to increase your investment. Then why not start a Risingstar account?
Risingstar is completely free and once you start leveling up it starts to take less time with bigger rewards. As soon as you hit level 20 you can start to withdraw your Starbits and convert them to SIM that you could invest in dcity. The combination of these two games is a really solid way to generate funds that you can use to invest in other things.
It is a very fun game, with a lively market for the NFT cards that you get while playing. So along with earning Starbits, you will also get cards that you can sell for any Hive-engine token you like.
Check the game out here, I am sure that you won’t regret it.
Ye. The tax is crazy haha xD
And all of a sudden the taxes are gone :p
Still above 50%. I don't get the rapid tax changes xD
I guess the President didn’t like the comments he got in the discord chat. He relented and tried to save his presidency :)
Ohh haha. I think its funny :p
Like I pay alot in taxes normally, so I don't might high taxes but 100% haha xD
Oh yes, I don’t mind it so much either. I just hope it helps me get higher in the rankings :)
Ye true :p
So imo taxes were raised to try and increase the price of SIM. I bought a bunch of SIM on H-E with intentions of reselling it after the price goes back up. What Do you think the better investment is? HODLing the SIM or buying more cards which I got at a discount
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I would say buy cards, as they will generate a nice amount of extra sim. Perhaps you can sell the cards when the price goes back up as well. Then you get the best of both.
I, too, have a second city that I am trying to grow investment free. I did cheat little in that I transferred 5 cards from my original account at the start. I also have a Rising Star account. However, since I just started it a few days ago, I am only up to Level 11. I'll have to keep the trading Starbits for SIM strategy in mind once I hit Level 20. Thanks for the tip.
Nice, good luck growing your dcity. For rising star I recommend to not just sell the starbits, but keep investing at least some. I am now level 42 and I earn way more than at level 20.
Perhaps a 50/50 strategy is nice.
Thanks for the advice.
No, I wouldn't ever pull ALL of my Starbits out of the game, but knowing how much to keep and how much to transfer into SIM is good.
I’m currently saving up 100.000 starbits, so that I can buy the 10+2 packs. I’m hoping that there will be good cards in it that I don’t need myself, so that I can sell them on the market.
I don’t know for sure, but selling cards might be more profitable than selling starbits.
Ever since I handed my city off to someone else I haven’t followed it much. Seems like it’s at a make or break moment for d city.
Yeah, Gerber has announced edition 3 several months ago, but it still hasn’t come out. It is kind of clear that he is just one man who likes to do some other things as well.
Still, when it comes out it might be an awesome new development that gets loads of people excited. It’s just that we are waiting for almost half a year now.