Taking Splinterlands Profits
Hi fellow Lions,
Today I’m happy to report that I’ve been taking profits when I can for once!
Taking Profits
One of the things I have a tough time sometimes is taking profits when I can. One thing about crypto and life is that you can’t always just hold and wish for things to keep going up. You have to take profits when you can get them! If you don’t then you risk losing it at a pivotal time, at least in my opinion. I put my money where my mouth was for this time and am quite happy with the results!
One of the really great things is that with the outlet of the SPS system, prices of everything in Splinterlands has really taken off! I know more people have a closer tie to that than I do but I’ve been able to sit back and enjoy some of the efforts I’ve put into the game over time finally pay off. With my card value approaching 15k on a good day, I think it’s a good time to take some profits!
For me taking profits doesn’t mean extracting it to fiat though. That would be foolish for my long term vision for hive and my account here. What did I do? I am going to be powering up the great amount of hive that I’ve managed to collect! I’ve sold more of the SPS per day than I stake but I also have been staking some decent amounts of it. Some have far more than I do but I’m happy with what I’ve got. In the near future I’ll be stopping selling my SPS but not until I can accumulate a good amount of hive to save up and get in on the Chaos Legion presale. All told, I’ve been able to get 2,000 hive out of selling my SPS stake which is awesome. 400 of that hive went back into Splinterlands though when I bought some of the dice before they sold out for good. I was satisfied with that purchase for sure! Got some good cards out of that which have helped offset the cost of hive.
One of the things that has been really fun and interesting these past few months is the ability to take some of the earnings I’m making here and reinvest in different areas. I think that’s one of my favorite parts of being as active on hive as I am. I’m not cashing out and going spending the money on stupid shit. I’m using my profits to support and invest in other ways like buying hive engine tokens, investing in the different games like DCity and at the end of the day now, I’ll be injecting a bunch of hive into my actual hive account here! Getting to my end of the year goal is looking a lot more towards the optimistic goal of 20k hive power! If I can manage that, I doubled my hive power in a years time. Could you believe that?!
I also got lucky with some of the rewards on Splinterlands. Opened a chest and got a fantastic 10k DEC for my troubles on the quest! Was a solid score there for sure! I’ll be selling half and keeping half to buy some cards!
What’s your plan for Splinterlands and the potential earnings you can make off it? Let me know!
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I'm too new into gameplay to pull anything out but I agree about profit taking (which I never do lol). What a great chest for DEC. I've gotten the 2000 DEC once. It was a thrill. I'd love to see something like you got though. I did just power up 1000 spt just so I could have some fun curating.
Thanks for stopping by! It takes time for sure. I've been playing for nearly 3 years, will be 3 years in November. It hasn't always been smooth and profitable so don't sweat it. Play your stuff and enjoy it and you'll eventually get to a point where you can take some profits here and there!
I was pumped at the DEC chest. I get the 2k ones here and there but nothing more than that for the longest time. My other great DEC chest was in the beginning of them putting it in the chests I got 37k or something. It was an awesome score! Bought a lot of cards that day lol
I did my quest after I read your article and I got a 2000 DEC reward lol. It was a pretty awesome feeling.
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That’s fantastic! I’ll check out your cards to see if I can offer any advice for what to get.
Please do. I got a couple of starter packs on day 1 but couldnt figure out how to play. I am now ending my 2nd season and am hooked. But I don't have a strategy yet.
Your all alpha! That’s great lol. I would upgrade some of yours if I was going to play it but alpha is great because you get a 10% DEC bonus per battle by using the card. If you have a lineup of all alpha you could get a bonus of 80% for just playing! Love that.
I would focus on getting one of your summoners up to level 2 or 3. You have pretty good earth cards so maybe try to get your earth summoner leveled up. The untamed earth summoner that removes armor is a great choice and it’s not very expensive compared to the others. You could also go for dragon summoners they are very helpful. The one that does +1 armor is a big help in the beginning.
It's funny you say that because I never play earth lol. And, I don't think I play alpha cards on purpose but I will try to fit more in.
I have never tried dragon. I have been focused on Fire because I win a portion of those and water.
I really want to get to a point where I'm actually playing and not just lucking my way through but that will take me time.
I'm not thrilled that the quest potions with credits are gone and that after this season ends that you have to end in Silver to get the silver chests. I feel like I'm a bronze player and will be for some time.
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Sweet! I thought about making some sales too and taking profit but I ended up leaving them as DEC just so I could get more sps tokens. My cards blow my mind everyday
That's great man, I'm glad! How much SPS do you have? Just curious. I'm probably a lot lower than a lot of people but I don't mind. I don't have the funds to buy into the presale otherwise so I'm trying to save up as much hive as I can to score some awesome presale stuff!
About 1200 at the moment. Getting about 34 per day. I don’t have the funds too, but I’ll just do with whatever I have though i wish to splurge big time on packs. I didn’t in untamed, I don’t want to miss out again.
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That’s good, I think that’s a good amount of SPS. In order to get newer people to be into the game they can’t make the SPS requirement to buy packs for the new edition too restrictive so I think for us small fish, anything over 1k SPS should be sufficient. I’m going to get to 2k before I slow down and sell more again. I’m staking more right now to get to 2k but then I’ll do 25 a day instead of 50 like I’m doing now. I could be wrong but I think I won’t be too far off!
Yeah about the Sps requirement I wrote about it here please check it out. Getting in on the pre sale might not come so easy
https://hive.blog/hive-167922/@mistakili/splinterlands-airdrop-2-0-vouchers-more-thoughts-on-chaos-legion-usddec-and-usdsps
Solid rewards and better choices to reinvest the assets. I'm still figuring out the whole deal with splinterlands. It might take me a while to get a hold of how to make profits.
It takes a little while that's for sure. It's a lot of fun but tricky to get to where you can take some profit out. I ended up buying a bunch of stuff with the DEC to get my life splinter up to snuff. Life was my weakest element until a few weeks ago when I finally decided to invest in a summoner. Already won a battle with the new element I'm not good at playing lol
I can see that. I'm still figuring out how to get the most of these noob cards and won games. But I'm getting there. I guess it is just a matter to get good and reap the spoils.
It's a lot of fun and perhaps when we get a spot in our guild we could invite you to join! A strong guild is going to be important for learning. We are full right now and working on getting the guild leveled up so we can get 2 more slots. I think we have an awesome group going and we help each other out.
I'll take a look at your cards and see what you've got going on!
That sounds nice. Guilds are always good for growth. I have nothing in my cards, just the default things you get when you start. I wish I could go into events of my level, but my internet connection is pretty lame for the moment.
You could try an "anytime" tournament. Those are pretty easy and you can get into the bronze events. I'll see if I have anything extra to delegate to you so you can gain a little bit of strength!
I'll give it a try when my connection is a bit stable. And thanks a lot, didn't know you could delegate things in the game.
Yeah, delegation is huge! I've been delegating things to my guildmates for a while. Helped get them out of their power limits which I think helps a lot.
As long as your connection is good enough to enter a match, you'll be fine!
Yeah, that's the biggest issue for the moment. That's why I'm only doing daily quests. I don't even know when the connection is going to be off and for how long next time it chooses to disappear.
Interesting, using profit to invest to another thing is just like multiplying the source of income, i need to try this splinterlands game.
Splinterlands is a lot of fun! It's a little tricky to get used to but it's a lot of fun for sure. Taking profits is good and always something to keep in mind. I've invested several hundred dollars over time so I figured it was time for me to take some of that money back and put it into my account for improved things on hive. I'll be saving a bunch of hive for investing in the new Chaos Legion set coming out when the presale launches next month.