Splinterlands - My strategy on SPS and DEC
From yesterday's update, it is pretty clear that the tokens DEC and SPS are going to have a bright future. It appears that DEC might end up becoming a stable coin and SPS will slowly increase in value. Anyone having a good SPS stake might have a bright future here. Having a good amount of DEC is also very good. We have to agree that introducing SPS to the game was a big thing and it pumped the value of so many assets in the game. I was able to pay the old investors too.
DEC also had a good time in the last few months. I was thinking why to introduce another token when we already have a token available in the game. But Splinterlands planned it very well and the new token addition added a big value to the game and the governance which will come soon. DEC can end up becoming a token with unlimited supply but that may not be the case with SPS. There is a high possibility that there will be more use cases for SPS and especially after the airdrop the price might pump further.
Future of DEC and my plans
Even though things are pretty clear from the post, I wanted to give some thoughts on DEC. I'm guessing that DEC will get back to his 1$ pegged value per 1000 coins after the airdrop is over. Only now because of SPS airdrop the value is pretty high. It isn't good to expect it to pump big or have a huge demand later after the airdrop days are over. But right now I believe that having a good amount of DEC is very good to get more SPS drop.
I'm currently holding close to 150k DEC. I always have in my mind that the price of DEC is only close to 1$ per 1000 DEC and anything above that is just temporary. I'm planning to always have a holding of about 100k DEC for the future. The remaining I get as rental income will be sold in the market to book some profit. This is most probably the best approach in my opinion. Otherwise, I will not be booking any profits from the game. I might as well purchase some cards from the market based on the need.
Future of SPS and my strategy
Yesterday was a great opportunity. The price of SPS was close to 12 cents. People who bought SPS at that price would have been the lucky ones. I was planning on purchasing but missed it. After the post was made by splinterlands, the price pumped over 20 cents today. Anyways there is a high chance that the price can go down a bit before the airdrop is over giving us another opportunity to purchase and accumulate. I still think 20 cents is a good price to purchase SPS in bulk and hold for the future. Especially because it gives governance voting opportunity, I'm guessing it will be a good deal.
I was thinking if holding 100k SPS would be a sufficient stake. Even if the price hits 1$, I would reach my financial independence with 100k SPS and the returns from that. But not to be more greedy or unrealistic, I might try and touch 50k SPS before the end of the airdrop. I might either purchase and increase the stake them or just keep staking the airdrop I had been receiving.
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I’m just buying as much SPC, DEC and SPT as I can on these dips. Buy buy buy
Good decision. Keep going. I also sold my Vouchers and place a buy order for SPS.
Yeah… I have a lot of SPS and DEC from all my free Vouchers. It’s awesome.
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It was $0.18 wasn't it? The bottom.
I know what you mean about DEC - it's a good hold until the aidrop ends, then get rid!
I wasn't tempted at $0.18 for SPS - $0.15 and I'll start to think about buying some!
Maybe not wait till the end of thee drop. People might be clever and get rid of DEC even before the airdrop ends. Mostly towards the end.
Oh I imagine they will, I think getting out at least a couple of months before it ends is going to tbe the way to go, maybe swap DEC for Rift Watchers and other cards from mid June, I'm sure that'll be a common strategy!
I think the price of SPS will continue to drop down and it will probably drop back down until the airdrop is over. After the airdrop is over, SPS should go up in price because a lot less of it will be coming out and it should only come from staking.
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Yeah waiting for the moment to see what happens after the airdrop. 🙂