To Buy or Not To Buy Rift Watchers Packs?

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Despite the news about the Rift Watchers collection coming around, the price of SPS tokens has experienced a 5% drop in value. Keep in mind that the Rift Watcher collection is stipulated to be purchased using SPS tokens that in turn, will all end up in the Splinterlands DAO.

This drop in the value of SPS token is somewhat confusing, especially because I reckon that the demand for Rift Watchers packs will be through the roof and the sale of the limited edition of packs will be very swift.

I figured that by now, there would have been some positive SPS price action, yet, here we are, still shedding value and heading towards 60 cents. It is a fascinating situation for a Splinterlands bull like myself who knows the immense potential that SPS holds and also struggles to scour funds to scoop up tokens.

On one hand, my Dollar cost averaging SPS strategy is going on in the background, as I am consistently buying small amounts of the token and piling it up for the future. At the same time, I have one eye on the Rift Watchers collection and while spending my SPS is a thought I absolutely hate, I'll sleep easy if it enables me to get my hands on a very limited set of monsters.

The thing is that I'm caught somewhere in the middle of the two decisions and I'm trying to get the best of both worlds. I really hate the idea of using up my very limited amount of SPS token to pay for packs but I really don't want to miss out on these packs and this is why I really need an aggressive SPS pump.

The other issue for me is that in the event of a consistent dump in the price of SPS token, my dollar cost averaging SPS strategy will scoop up even more tokens from the market. This, once again, takes me back to the previous point about not wanting to sell or swap my SPS tokens at low prices.

Let's say we assume the price of SPS token when Rift Watchers finally launches is as low as 5 cents. This will mean spending about 100 SPS token for each Rift Watcher pack and for me, that's a very horrible scenario because buying up to 100 Rift Watchers packs will end up eating up a decent chunk of the SPS tokens in my possession.

I'd obviously prefer if SPS tokens could pump aggressively and offer me a route where I spend a lot less SPS tokens on Rift Watchers. If it were left to me, I'd pump SPS to $1 just for the Rift Watchers day but that's just wishful thinking.

Realistically speaking, assuming a pump comes through, our best bet is somewhere around 10 cents per SPS and while 50 SPS per pack is still far from what I want, it'll still be a much better rate than when the price of SPS is 5 cents.

The issue is, even at 10 cents, buying 100 packs will still push me back by 5,000 SPS tokens and that is still quite a lot. However, if push comes to shove, I will risk it.

Spending my SPS on Rift Watchers is in the works but my chance of doing it is all dependent on the market value of SPS token. Any price of SPS upwards of 8 cents is enough to make me consider using my SPS to pay for packs. If not, then I'll just buy a couple of packs with HBD I generate from publishing posts.

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Rift watchers announcement alone will push SPS price up, so dont worry about the recent temporary price pull back. Also what about vouchers. I think there will be SPS+Vouchers required to buy Rift Watchers. Without vouchers limitation those SPS whales are gonna scope all Rift Watchers pretty soon.

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I didn't know about the vouchers part. So will it be one voucher per Rift watcher pack?

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Nothing is officially published that I know of, but they hinted in one of the recent TH that the sale will mimic Chaos Legion.
So I expect that in pre-sale, to get hold of the Promo, you need SPS+Vouchers. Then in general sale you would need vouchers to get bonus Gems(RW "packs" are called gems right?)

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Ah yes I remember how CL was at the beginning of sale. Did they give any details about the timeline to expect RW?

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Hopefully we will get something concrete in the next TownHall. I mean, they were hinting strongly that it's just around the corner so if nothing is announced I will be surprised.

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I just wish sps price pump so hard so that I can use my daily sps income to buy rift watcher but there is still time and anything can happen.

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Whichever way you choose to buy them, I have no doubt you'll still be hodling some SPS.

In your opinion, what are the chances that it might might pump from 60 cents to a dollar in the near future?

This post has been manually curated by the VYB curation project

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Well, understand your dilemma. For me it’s also kind of frustrating that SPS is not gaining momentum since the Airdrop stopped, cutting supply immensely and also the listing of SPS on various crypto exchanges lately.
I guess it is still the massive influence of crypto winter, most people don’t trust the recent recovery. Also Splinterlands has run though a big transformation with the new reward system and this modern/wild leagues.
Longterm I am still positive, meaning for the next 1-3 years but the next months will remain tough.

Regards Thomas

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I set a goal of how much SPS I wanted to have staked a long time ago. Now that I have hit that I am just keeping the rest liquid and I plan on using it to buy as many packs as I am able to based on the number of vouchers I have. If the price goes up a ton, I might consider buying another node license too. That's a pretty unlikely scenario though.

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So is it one voucher per pack?

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If I had to guess, the vouchers will probably only be required for the bonus packs. So if you buy 100 packs you need 10 vouchers for the 10 bonus packs.

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Very interesting thoughts, I'm currently unstacking my SPS, but I'm curious how much of an impact this addition can have on the price of SPS, of course another thing is whether this also means a pump and dump situation

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I think once the RiftWatcher Packs are actually available to be bought, there will be a price action in SPS. Until then it is rather waiting time I would say.

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