Splinterlands could have made me rich... But it did not
Hello HODLers and Summoners,
First of all, writing this post kind of hurts me as I made the stupid move to sell 3/4 of my collection a few months back when prices went up 30-40%. I should have HODL my collection and I would probably be rich now...
I sold most of my collection for $2k. As I estimated it considering the SPS airdrop and selling the same account of cards. I could have had close to $100-200k.
I could have been this guy name Sinistry.
Instead I have gained some money but nothing life changing. Well, this is better than playing CandyCrush anyways hehe.
Now that my rant is over, let's dive into Splinterlands.
Splinterlands is on iOS
It might have been there for a while but while going to the AppStore to update some apps, there was a recommended for you app and guess which one it was: Splinterlands.
Splinterlands Market Cap
This is just amazing growth, completely parabolic !
I have been there since day 1 and the UI and cards made it very interesting. It has been getting more beautiful day by day.
The artwork is just great. Lands are coming to add an element to the gameplay.
So I am continuing to play with what is left of my cards (still worth 1.2k+). I am just at a lower rank and it is hard ot get back where I use to battle in Champions !
But I enjoy it and this is the most important.
Rental Market kickstarted this bullrun
If you did not know, rental market as always been there through peakmonster or other 3rd party platforms.
But since it was added to the splinterlands.io it has changed the way users considered their cards. They became interest generated assets; at the frontier between crypto, gaming and DeFi !
Les arbres ne montent pas jusqu'au ciel
It seems this is a French financial expression but it means that despite growing, trees do not ever reach the sky.
Speculation and profits do end, therefore I would caution anyone to jump in and invest a ton of USD into the game right now. There is clearly an hyperinflation on cards.
This is due to an inflow of new players following huge dollar gains in some other CryptoGames such as Axie infinity. As I acnkowledge this could go on for a while, be cautious.
Stay safe out there, Season rewards are coming later today !
If you would like to join, here is my Splinterlands referral.
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I HODLd so hard I didn't have much of a clue how fast and how much the game was growing :)
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Wen Billionaire @d-zero ?
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Depending on currency choice I should already be a Billionaire. For USD I'm gonna need more money printing. Lots and lots of inflation 😆
Well I guess I am alongside you on that it one ! Here I am Zimbabwean billionaires !
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We're way past that buddy! This is from 2015:
https://twitter.com/VinnieLemon/status/1427260472739381254
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The growth of the game has been wild! I've been playing off and on Alpha but got more into it as time went on. Not all going to be sold or rented but my collection is sitting at around 20k value! Pretty awesome for an online game lol. With the SPS, I've almost gotten back the money I've invested in the game which is great. Makes those times spending all of my liquid Steem and Hive on it now worth it!
Congrats 🍾 to you for HODLing to them !
Great job and I can tell by your phrasing that you will take a little bit of profit “just in case”
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Yeah I've taken 1100 hive in selling my SPS. I'm keeping some of my SPS but I'm selling what I can while the price remains what it is.
Oops! 100k would have been a super sum to have.
While there’s a chance everything could go to zero, there’s also chances that everything could still double up from here. For me I’m not attaching myself to the card values, just what I can earn from it for the main time. However it goes, I’ll be pleased.
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Indeed, I continue to sell aome cards and starting renting the few high level cards I had left. Some warning 40/50 DEC per day. Not so bad I guess !
But I have trouble to see SPS going up from here.
I was wrong before, maybe I am gain hehe 😉
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I also sold a lot of my cards a long time ago because I didn't really play x)
Are you crying 😭 at night when nobody is watching ?
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Hahaha xD
I cry because I could have rented it out for a lot of Dec now! :c
!PIZZA
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@vlemon! I sent you a slice of $PIZZA on behalf of @eirik.
Learn more about $PIZZA Token at hive.pizza (2/20)
Hard luck bud, I am still keeping my Rusty though I never purchased big in SL (r1s2g3)
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Thank you 🙏 ! I appreciate it. Maybe I am starting the road back to 100k 😂😂😂
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Splinterlands has been and still will be a very good earning opportunity, nice post. Off Topic: @vlemon, I see from the post that you use Torum, is TORUM a social network based on Binance Smart Chain? Can you confirm?
I thought it was base on Ethereum to be honest. As they do not have token yet, I cannot really confirm anything. I believe it is not yet a Blockchain Social media
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Thanks for reply! I don't currently seem to see blockchain-based social networks that can be used or work. The only serious Social Networks are those built on HIVE
For how long are you playing the game?
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Since the 1st day 😉.
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I haven't been playing that long but I am glad I did play. Its generating a small amount right now but I think it will definitely be worth more in the future.
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I definitely hope it does but if I am honest, I have trouble to understand why. I have seen hundreds of newcomers that are probably multi accounts at low rank and should drive cars prices down.
In addition market cap of the Splinterlands ecosystem is 2/3x the Mkt Cap of Hive. One of the two is wrong hehe 😉
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I think the primary reason is because of the low supply of cards. There are only so many cards so when more people join, they compete for the low supply. In order to buy these cards, people tend to spend DEC and I guess the rental markets are an outlet for those wanting to spend less.
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I completely agree with your analysis. This is why I believe the launch of the new extension might put some pressure on prices.
In addition I saw that most of the very active players are the Philipppinos coming from other games such as Axie Infinity. They might create an endless number of accounts to farm with just the 10$ spell book.
In any case, to reach the level I used to be at (around c.100-150 ranking), I would have to pay a minimum of 20-30k today.
Even if I love this game and its tokenomics, the gameplay is definitely not worth it.
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I'm trusting there's still a chance to make it big for the likes of me that started playing last year