Five Years!
Five Years!
If you click the link for the source, you can see the original post by Aggroed proposing the Steemmonsters game back then, which is now re-branded to what we call Splinterlands today. It has been long 5 years! There are few (perhaps none) blockchain games out there which can claim 5 years anniversary today. If I am not mistaken Axie Infinity was released in October 2018. That is perhaps the nearest competitor in terms of length.
Yes, Splinterlands have been around for a while and there are many good things to talk about that is in the pipeline of near future. I am attached to this game enough now, that I call this game and ecosystem as 'we'; and that is saying a lot. We have made lot of people wealthy back in the day, Nov 2021, when I have actually seen people buy cars for mother-in-laws (no pun intended!). However, those days are long gone, and I do not predict future :)
It took me a while to search this tweet from 2021 by a user named crypstocks. My method was flawed. I was searching discord, and I should have just googled, anyways, I did find it. I do not know the person. Seems like at least on twitter the account is still active. So whatever the young gentleman did is probably the right thing. Whether his investments on Splinterlands currently exists or not does not matter, there is still the car (hopefully). As its been only 2 years and cars don't typically go bad in 2 years. Also the goodwill of buying the car for a relative, I think is eternal! Especially, that particular type of relative (again, no pun intended!). LOL!
So there you have it! A classic market timing, when game's marketcap was nearly $250M. Sell airdrop SPS at $1 to buy a car! I wish I can do market timing like that!
But some people are lucky, and there is nothing wrong with that. I am glad I have been able to retrive this piece of Splinterlands history. Those were glorious days! My personal card collection was pushing well north of $1.5M during those days. However, I didn't sell my airdrop SPS or my cards.
Even Rentals were amazing back in those days, pushing $3M/day to $4M/day during the end-of-season rush! Fast forward today, there is no EOS rush and we are currently pulling only $3K/day. Let me point out that is 3 orders of magnitude decline!! So folks, whenever you talk about APR, please don't feel offended when I laugh. Because in real world APR of something do NOT drop 3 orders of magnitude!
Where to?
So, where do we go from here? If you are asking price, I don't have the first damn clue! But I can tell you not to trust people who is asking you to buy, and not to trust people who is asking you to sell. This is simply because, they don't know shit! There is no wise old man! Yes, that includes me. I am as clueless as the next man. The difference is, I am telling you that I am clueless, although I am very knowledgable on the subject and have a lot of assets.
Point is, am I dissapointed that I didn't sell like crypstocks?
No, I am not.
Why?
Because, I don't care. I am not trying to time the market with Splinterlands. I have other instruments I time the market with and I am comfortable and financially free. I do not need the money from splinterlands. I have multiple cars already, and I don't have a mother-in-law who is alive. So covered there! Phew! No car to buy for mother-in-law!!
The way I see it, during Oct 2021, I probably have only a couple of hundred thousands SPS. Yes, those were probably worth $200K. However, now I have 4M plus SPS. Yes, they are worth only $90K. Funny thing is, I now control about 0.7% of the distribution and looking to control about 1% in future. I have accumulated SPS throughout, at every prices, and bought at regular intervals. For me to get to $200K, I only need SPS to get to $0.05. Not $1.0.
Can SPS go to 5 cents?
Sure, it can.
Do I know when?
No, I don't, and I don't care. I have all the time in the world.
Can I be wrong?
Sure! I have made mistakes. Some very costly ones. If this one sinks, I will be disappointed, but won't be end of word for me. It will be another one that didn't work. So be it!
However, I think at this stage we have a higher chance of SPS to get to 5 cents than to zero. That is all that I am saying.
Happy 5 Year Anniversary Splinterlands!
Great retrospective look at the game, Azircon. Who doesn't love seeing the real-life rewards from in-game assets?! So cool.
Upward & onward!
Yes, had to find that picture and tweet. As far as I can tell probably real :)
Amazing! Cheers to more years with #Splinterlands
Man, I cashed out some SPS,and sold some land, but I didn't "cash out", and even with current market conditions and hindsight I still think holding what I did was the right move. If I had know land would be so far away I may have made different choices, but I don't think they would have worked out better than things are working out right now and going forward.
It doesn't feel like it to me, and hasn't for a long time, but this game is still in the early adoption era. There's still so much more room to grow. Our card game is about to become an empire building game, and I hope somewhere down the line they can figure out a way to add a character/hero building aspect to it as well. If not, they're certaily capable of launching a companion game, so maybe we'll be seeing more of those. I know 5 years is far from the beginning, but this whole environment still feels like just the beginning to me.
Good for you on some early sale. I always tell people to take some profits. Haven't spoken to you in a while and thanks for stopping by!
Lol, yeah, I've been in-between episodes and not spending a lot of time here lately. Still checking in to get my hide tanned in ranked, though.
I am Just Grateful to be in the same Guild with @azircon
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There is always a wise old man, you just haven't found him yet... 😀
Well now I have!! LOL.
Seriously dude, jokes aside, I used to struggle with this construct at work so much back in the days. Now suddenly I find out roles being reversed. So I must be careful not to do the same mistake I suffered under!
Haha, touché!! 😀
You definitely don't want to make those same mistakes! I think you will be fine.
"Financially Free" you are an inspiration to many of the Community, you have motivated me to push towards a goal which I thought would be impossible. Thank you.
Knowing the little I know about you, you are very close yourself if not already there.
In this space, still a long way to go, but I am motivated to achieve my targets. There is always something to learn and improve upon. Thank you for the help on this platform, it has been instrumental in my development of not only myself but the whole Community.
Imagine what the price of SPS will be when there is a next bull run in the Crypto space. That will be worth $2 per token
unlikely
Lots of crypto stuff goes crazy on the basis of hype, but building something that sustains value for the long tern is much harder. Crypto gaming is still new, so people have to figure out how to do that. My Splinterlands collection must have been worth a lot at the peak, but I don't even check now. At least I have some steady income from it, even if it's not much.
yes, I get some income from it too, which I am fairly happy with. I like dividends.
@tipu curate
I always enjoy your history lessons and trips down memory lane when it comes to Splinterlands, so thank you for sharing this story on the game's 5th anniversary!
Appreciated. If we don’t remember our history who will?
It is so cool to see Splinterlands stay around and grow from what is has since I joined in November of 2018. I remember the beta cards being the newest cards, and I decided to buy into Untamed when they launched and wow it was amazing to see how the cards values grew.
Crazy times with the land presale too.. It was crazy to see how fast phase 1 sold out.. Within a few blocks I believe. I got some in phase 2 and those assets paid off.
And that SPS airdrop was quite badass too.
Glad you have had some amazing experiences as well with this game, when I look at successful NFTs I feel like Splinterlands is one I can point to. Honestly it was an NFT before the term even existed.
Yes, still at the depth of the bear market, I do not think I have any net loss.