Patience is the name of the game

The state of the crypto market continues to give investors cause to worry and that has been on my mind while I navigate the crypto market. Alas, that hasn't deterred me from making moves and at the end of the day, all I can do is hope my gamble pays off.

Despite numerous warnings from @russia-btc, I still continue to invest in Splinterlands-related projects but for the most part, I only use funds that I generate within Hive. I mean, it's not like I even have a choice, since Hive has been my mainstay for as long as I can remember.

I have recently started buying tiny amounts of SPS token and adding to my collection. The hope is that I will be able to squeeze out more profit from staking these assets than holding dormant assets on the network.

The first thing I did was sell my Splinterlands NFTs and reinvest the proceed into SPS token. The idea behind this move is that renting these assets generates a much lower APR than simply staking SPS.

SPS is in a really terrible condition right now but let's face it, that's also something you can say about the general crypto market. Other than pump and dump meme coins that enter the scene, there's not much positive action in the crypto market.

Realising that there's very little hope of a pump makes it easier for me to focus my attention on tokens like SPS and GLX that offer decent staking rewards. It also enables me to have some store of value that will be useful for my relocation plans in the near future.

Staking and planning

I recently made some Splinterlands sales and instead of buying SPS token, I decided to take advantage of the GLX dump and bought a few tokens there instead. It wasn't a lot, just about 1k tokens.

The current state of the market compels me to look out for long-term opportunities and while the signs say otherwise for many projects on Hive, I think there are gems that could be capitalised on.

If you're in the business of chasing pumps, for example, GLX token is one that you could look into because by September, there will certainly be a reasonable pump. This pump will happen regardless of the state of the market because of the full launch and aggressive marketing of GLG.

I've been mixing up my activities with both staking and unstaking going on at the same time. The plan is to facilitate payments with GLX tokens but at the same time, I need to ensure that I am close to 100K staked.

So, to achieve this, I have been slowly buying GLX tokens with assets that weren't budgeted to be sold, while also unstaking what needs to be unstaked. The hope is that at the end of the day, I'll be able to get back to 100K staked tokens and continue farming until the launch of the game.

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