Value Comparison for my Splinterlands Cards and Strategy ahead...
Cards are an important part of the splinterlands game because we can play battle only using cards. The more parts we have is important but more than this we also need to have powerful cards that can be a good addition to the account and this can also improve the overall winning ratio. We all like to win every battle but practically this is not possible because it is difficult and the other players are also good enough to win and this is why I believe a ratio between 50 to 60% is considered very good.
I keep on buying cards in my account because I believe the prices are low these days and this can be a good opportunity for us to bag more cards. I'd like to point out here that this is not a piece of financial advice for anyone and please do not follow it for investment purposes. The game is good and assets are also valuable but if I compare the value in my account then it has dropped a lot. I'll be sharing some snapshots that will show how this value has dropped even though the number of bcx increased in my account but the value is not and it has gone down. I keep on checking the account value from time to time using the discord bot and this helps me know how the market is going.
There is no fixed schedule that I follow to check my account value but I do it sometimes whenever I remember that I should check it. I just need to put a command in the discord server and within seconds it responds with details.
The first snapshot I have taken from March month this year when my BCX was 8571 with a value of 5891 US dollars.
26 March 2023:-
In the next snapshot that I took on 18th July 2023 my card BCX was increased to 10239 but the value was reduced to 4482.
18 July 2023:-
Now this is the one that I have taken today and the value is just $4073 whereas my card count has increased to 11314. I had a value of approximately 6k US dollars in March month this year and now I have approximately 4k US dollars so there is a dip of 33% approximately in the card's value. I have purchased many cars in between and you will be able to see that in the first snapshot, I have 8571 cards in total whereas now I have 11314 cards. This value was more than 40K dollars when the airdrop was going on for SPS in the year 2021 so if I compare it to that amount then the value of my account has dropped by 90% but I know that it was the time when the game was in the hype. we can say that it was not realistic growth but it was there and maybe many people sold out their assets at that time to book some profit but I did not do it because I wanted to earn more sps. I would like to mention here that this value is only for the cards I hold in my game account and other than cards I also have multiple other assets including node licence, SPS token and lands.
Today 22 Sep 2023:-
Undoubtedly the market is in a bad situation this time and the prices are low which is also known as crypto winter. I believe in the game and I know that this game will grow again it is just a matter of time so I am going to follow the same accumulation strategy in the game and the current value is not a concern for me. I should not worry about the current value because I'm not going to sell anything so in this case the value is just indicative and more focus will remain on building more assets and accumulating more inventory. These days I'm more focused on SPS because I believe it is going to be much more valuable in the long run and this is the reason why I am trying to accumulate as much as I can.
Now because the card's value has dropped so rental market is also affected because the majority of the players will be able to buy the cards. The higher price is also important for the cards to keep the rental market active and survive someone goes for the rent if the card is available to buy at a cheap price in the market. If the market value is high then money players will not be able to buy it hence they will choose to go on the rental market. A lot of people use the rental market because they consider it as a good source of passive income and I also did in the past. Now I also got to know that the rental market is super cheap and I can understand the reason why it is happening now. I have been planning to take Some cards on rental but didn't get time to cheque out and it is also because I have enough cards for me to play but still having some more that I can get for the cheap rental prices will be a good idea.
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