6k SPS staked, Powering down and more scheming

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(Edited)

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I've been focused on growing my SPS stake to my target. I originally wanted to surpass 10k but due to being robbed, I don't think I'll be able to.

Anyway, getting to 6K SPS tokens is a pretty big deal. Especially in this period where I'm raising funds to get back into cub farming.

The voucher airdrop has stopped for now but in the near future, we'll be back for a double bill airdrop. So, in essence, this is a good time to stack SPS tokens, especially considering how cheap the tokens are these days.

Other than the future voucher airdrop, it's widely expected that SPS tokens will enable investors to participate in Splinterlands governance. This points to a sustainable and more decentralized path for Splinterlands.

As Splinterlands continues to evolve, we'll see the game operate even more autonomously and a side chain might not be out of the question. This will lighten the load on Hive blockchain and will also enable the game to create its own suite of applications for the metaverse expansion.

I'm also fairly confident in the price of SPS tokens going on a massive bullrun in the future. It won't be a flash in the pan type stuff, it will be sustainable and could turn your SPS staking reward into passive income.

There are many reasons to hold and stake SPS tokens now and in the future. I believe that as long as the token trades below $1, then you're getting it super cheap because It's going to be a double-digit asset in the near future.

Powering down but not out

Speaking of staking, I've also been powering down my Hive. Hive is on the cusp of something huge and I'd like to benefit from it, so I'm trying to hold a decent chunk of the asset.

I've had some Cub in Kingdoms for a while but my intention has always been to dip my toe back into the Cub/BUSD liquidity pool again because it has the highest multiplier.

The only problem is that move involves selling some of my Hive and while selling at this price isn't such a bad thing, I can't help but feel like I'd be missing out on something huge on the horizon.

In any case, I intend to take profit around $3-5 range and then reinvest part of the proceeds into Cub farming. The rest will be moved to savings.

Looking at the price of Hive now, it's easy to see why there's a lot of enthusiasm. The number of developments, airdrops, and all that good stuff coming to the community is reflecting on the price.

The Cubnondrum

Looking at the price of Cub, I'm not sure how to approach the market. The price of Cub went up to about 80 cents for a while and dropped to 60 cents range.

I'm on the cusp of getting into the Cub/BUSD pool but I don't know if I should just enter now or wait for it to drop a little more.


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15 comments
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Congratz on hitting 6k sps buddy! Thats quite a lot :D

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I like reading your thinking behind your strategy. I'm looking at sps and cubfinance like you. All of a sudden hive dollar could be the sacrifice lamb for a while. Cub was at 14 dollars starting out so I predict 50 -60 cent is not a bad entry point. I'm pooled with BUSD and I'm making a nice return. It's all opportunity cost with this place. I know the feeling

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Thanks mate. I think that's a nice way to look at it really. You just have to sacrifice something.

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Ye man! Keep on stacking those SPS! I support your beliefs in that the price of SPS in time of writing is super cheap!😎 It is already up $0.1 after the announcment of double voucher airdrop and 20.000 vouchers dropped a day for an indefinite time...🤩 It is insane! I have staked 8k SPS and have over a million DEC + 60 CL packs and that make my airdrops for a $100 a day. It is already liveable,haha! And I bet that the double voucher airdrop and the 20k vouchers a day, that will drop for an indefinite time is not yet priced correctly into the SPS market. We will most likely see the $0.5-$0.7 price range of SPS within 8th of December, even higher! GL mate😊

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SPS is where the money is going to be, and particular when the long term plans are revealed and the airdrop stops that when we will see a rise in sps

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Double digit SPS token will be amazing.

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I'm also slowly building up my SPS stake. It was a surprise to me how much I actually enjoy Splinterlands!

I mean, obviously the money that can be made there is great but the actual game is a lot more fun than I expected it would be at first so now I relly want to participate as best as I can.

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I have staking sps too for long term purpose. I will get more but my focus right now is packs

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$CUB is so cheap? I should buy some 😀

I moved it all from $BUSD pool to staked $CAKE with $SPS rewards. Maybe it's time to move it back.

As for $HIVE, I am taking dividends every Monday evening. Selling liquid Hive-Engine tokens to $HIVE to $BTC.

Good luck any way you choose to act.

@tipu curate

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Thanks bro. Yeah I'm going to be doing it every two weeks. I'll be selling my HBD and Hive engine earnings for BUSD and then pooling it against Cub that I started mining.

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Congrats on 6k SPS. That is quite a lot. I'm progressing towards 200 SPS at the end of the month and perhaps I buy 200 hundred from the market, if they are still cheap.

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