Creating another Crypto Portfolio through Splinterlands
I am in crypto since the year 2017 but I have to admit that the last 2 years have been amazing in this journey as I got to know a bunch of options where I can invest and build my portfolio. I believe that investing is a journey and there is a lot to learn and explore. The more we explore, the more we get to know new things and this is what helps us a lot to try new things. With splinterlands, I can say that I had joined this game in late 2019 just because I wanted to play any game in my spare time and there was no such thought that this can be so big. I was not at all aware of things in the game and that's why I missed the opportunity to buy untamed packs since I was not aware of it and even during the DICE launch my knowledge was more and less the same.
With the passage of time, I started exploring more and also started reading the post shared by amazing players and creators here on this platform and this worked in my favor. I started liking the content about splinterlands because through this I was able to learn new tips and strategies and then I also started investing in the game. I invested but now I think that I could have done even more but that's ok because the past is gone by and now is the time to buy in the present for the future.
There are many things to invest in the game and I am investing in some of the assets for the long term. These assets are
- Cards
- Chaos Legion Packs
- DEC Token
- SPS Token
So there are the instruments where I am focused and adding more value slowly. Its not one day game that I buy everything in one go and then wait for the right time instead I am investing in parts. Its like I am accumulating assets and this accumulation is also helping me to get an increase on this. So now I am explaining the reasons why I am investing in these 4 assets as of now and what is my holding strategy here.
Cards
Cards are the primary part of the game because without cards we can't play the game and from the gaming point of view its the first thing that we need after the starter pack to start with. Although we get some basic cards to start the gameplay but if you are looking for a great and rewarding game experience then its highly recommended to buy the cards and increase the deck. Now since we already have collection power in place so the more power we hold make us are eligible for higher league and ofcourse higher league gives us the opportunity to earn a higher reward in the daily quest as well as after season end.
Chao Legion Packs
I have purchased over 400 CL packs in first sale and general which has also given me the benefits of some airdrop cards. Its the first time, I invested more in the packs because history says that packs have given a significant rise in the price. We surely have the option to open the packs and see what they can bring for us but holding for the long term is also not less profitable. This is not guaranteed and it can even take more time but even with pack opening its not assured that we can get legendary and its totally on our luck. I am planning to have 100 CL packs sitting idle in my account and for that reason, I am accumulating more packs.
DEC Token
Its the currency of the game and we can use this token to buy everything except CL packs as of now however holding more DEC also increase the daily drop of SPS token. When airdrop was started that time I was holding only about 100k tokens but now I hold over 900 tokens and I am much closer to reaching 1 million tokens soon. DEC price has dropped a lot and I think that this is the right time to bag a good number of tokens and enjoy the increase daily and also a great opportunity to book profit later or even buy some powerful cards. Since I have increased my DEC holding so it helped me to increase the SPS drop.
SPS Token
SPS is Splintershards token and its a governance token of splinterlands game. In any project, a governance token brings some additional features and privileges to its holders and the same is happening here as well. I hold over 24k SPS tokens and in a week I will be crossing the 25k mark. This is definitely a very good amount and I am not going through the current value of the token. I see huge potential with SPS and this is why I am increasing my SPS stake because I am sure that it will bring many benefits in the future and its the right time to accumulate more tokens. I am getting over 100 tokens through daily drop but I am also buying the tokens and this is helping to increase my SPS stake fatser.
I have a portfolio in which I hold a variety of coins with different amounts and I also buy from time to time whenever I see some dip in the market so I call it my standard crypto portfolio. Now with splinterlands, I have another portfolio where I have tokens along with some other digital assets and these are not less than any coin. Its just a matter of time and we never know can all get heated up and the price might start growing. So I am holding my assets tightly and even trying to increase my holding through regular accumulation.
Thank you so much
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That's some serious investment in Splinterlands. I just started in Splinterlands in November 2021, so I feel like I am late to the party. But I can still get some SPS and it seems to be cheap to buy right now.
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Better late than never and you made a great choice for sure. Keep it up.
Your story is somewhat similar to mine, started late and learned a lot from the experienced players' posts, was able to buy some untamed as well as dice packs, though.
Very true and, IMHO, this is the right strategy for the small investors like us.
Thanks my friend. This journey has been going awesome so far and I am sure it will be even better in coming years.
Agreed.
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My eyes are also on the Splinderland assets now. When the airdrop end time is near, SPS can make a rally as the issue of SPS will become less after the airdrop.
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I also have the same thought. Since we are getting daily drops so there is sell pressure but once the drop is over then I expect a good rise in price. I think now is the time to bag more tokens at a cheap price.
There is a possibility of staying in a system without fully knowing what is going on there. I'm glad you got to discover more use cases of crypto. I have been seeing a lot about splinterland, i think have to pay close to it now.
Indeed. The more we explore the we get to know new things and this is the best part of crypto. Thanks.
Sure. More exploration is tantamount to more knowledge. You're welcome
You seem to be doing very well in the Splinterland ecosystem, great effort. I often feel I'm already too late.
It is very good to always increase once holdings regularly in a project that one trusts, because you have a strong reason for buying and holding the tokens, because you trust the future of the project and most importantly you trust the project team and their dedication to the project.
Great article @alokkumar121
The discrepancy between our numbers is huge. Anyway, with minimal purchasing power, all I can do is to move Splinterlands assets here and there. Used my SPS for my collection power to reach 15,000. My DEC so far is stable at close to 8,000. As for CL, I only bought 10 packs and already opened all of them. Thinking of buying 10 more depending on the available fund and set them aside for future price appreciation. After using my SPS, I am now back to staking again. So far, I already recovered 68 SPS that I used in buying cards.
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I started my journey in splinterlands a few days back and already sense the necessity of cards. Also, started investing in DEC, little by little.