Splinterlands - Reaching my target of 100k SPS stake is just the beginning of the next journey
Since Splinterlands introduced Splintershards SPS quite a long time ago, I have set myself a goal of reaching 100,000 SPS staked. That happened during the previous bull run and I was dreaming of not having to work anymore and strike it big out if this amazing play2earn game. Many say that a goal without a plan is just a wish and to tell you the truth I had a plan and even executed it with perseverance. But while I reached my goal, the market turned around to 180 degrees and the bear season hit us as hard as it could. And while now I celebrate this great achievement, the dollar value for my accumulation doesn't compare at all with the market value from when I've started staking SPS. The plan was great, it succeeded, but the timing was just not right.
The current market price for SPS is now standing at $0.023 and while I have topped up over 100k SPS (actually the exact sum is 100,136.712 SPS), the dollar value for it is just $2,254.18. If I were to extrapolate the entire accumulation of asset to the previous ATH price of SPS of $1.07, that would have meant $107,146.28 which could well be the price of a house. Of course I didn't have the same number of assets at that point, but how amazing would that be if the price jumped back or if I would have taken some profits at that point. I would have a different feeling about where the game is at, regardless of the market conditions. But it is pointless to regret the past and I can only learn from it and push forward by beginning a new journey and strategy.
First of all my SPS commitment will continue from here as taking profits during these times it just too little, too late. My strategy will be to continue to stake and accumulate SPS while benefiting from an appealing 22% APR. This will allow me to wait for the next favorable market conditions, while building up more assets and expanding the ways of earnings. Just from the APR alone at this point I am earning 60.35 SPS per day or the equivalent of $1.38 as passive revenue. That is pretty good alongside the other earnings from the game. And if a bull market truly comes to fruition and the Splinterlands tokenomics are balanced, that could be some happy days ahead.
Come and join the amazing world from the Splinterlands!
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I have faith in you that you will be able to hit more marks. I am sorry the price did not sit well after you hit your 100k SPS goals. But just as you said, you should keep filling the bag while taking advantage of the APR and hoping for a turnaround in the market. Then it will be Celebration time. 🔥🔥
Congratulations on your 100k SPS goal stake. 🥂🎉🎉
Bravo. Foarte bine!
One more reaching hundred K this week. We are getting stronger.
Multumesc mult de tot!
100k is a sweet spot and also gives me some power on SPS DAO Proposals. Now if only its tokenomics would get better...
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Congratulations on making it 100k my friend. I am also trying to make it soon and on my way to be there..
Thank you and what a journey it has been. And hopefully the better things are yet to come, even if moving slower than expected.
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With plus 100k SPS, I think there are better days ahead for you, you have persevered to reach your target and even go further. Very inspiring achievement.
A long way until here and I hope it was worth it. When Splinterlands will implement SPS as League access requirement, I hope the price will start capturing some value again. Besides that we need more use cases for SPS.
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Amazing achievement behiver ! I am also after exactly the same goal of accumulating 100k sps and I am close to reach 75% amount. In this down market where SPS is being sold for only around 0.22-0.23$, I a trying to get some extra money to buy a chunk before the price rise again!
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You are pretty close at 75% and by playing constantly and participating in other game mechanics you get there steadily. When the bull market will come and with hopefully some new use cases for SPS, we should see its price appreciating.
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Thanks for sharing! - @mango-juice
SPS has so much room to grow in terms of price, I just need some more time to finish investing on a irl project to go full on crypto but not sure if my timing would be good enough, this prices are awesome considering 60SPS per day if it goes back to AHL thats a very nice APR, glad you could reach your goal
I will pray for the SPS price to go back to 1$ so that you and many can achieve their dreams, I bought a house and car in the last bull run. That were good days for me. Do you have your own house or living on rent? please don't mind this question. I am only asking for knowledge purpose.
Congratulations on 100k stake and I have been taking some profits with GLX and the VOUCHERS when SPS was first announced. I am staking some SPS now because I want to have enough VOUCHERS for those promo cards.