Bought Some SPS

SPS price seems to be lucrative again, as of writing the price of 1 SPS is around $0.102. The last time when I bought some SPS when was around $0.106, so again since the price went below the last purchase value I have purchased some SPS.

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I have purchased some SPS today even though it was not a lot of amounts but will continue to buy some more if the price remains low like this.

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After months of claiming SPS, buying some as well as staking it, I have crossed having a 2000 SPS balance. I am thinking of having around 5000 by the year-end goal but again I have to see if It's achievable or not since only 80 days are left of the airdrop.

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The price seems to stabilize at around $0.1 now, but it had went up to $0.145 which was around a 45% increase from the amount I bought last time. So similarly if people buy now and it increases to $0.15, you will get around 50% returns. I guess it can remain at this level till the airdrop completes and after that, there will be a price rise. Though I am certain that the price will increase to around $0.5 at least in the coming months after the airdrop is over.

Even though if the price remains the same, you will get around 24% APR in the SPS you have staked which is again a good passive income I suppose. So buy SPS, stake and get 24% APR as well as once the airdrop completes and if the price increase you can sell your SPS for profit.

Though I will continue to rise in small quantities to have at least 5K SPS by the year-end or before the airdrop ends which is not very much possible but again nothing is impossible when you are in crypto space. The good thing about having SPS is that you can use it for some payment methods for purchases, which means there will be an exclusive purchase to SPS. So if people do believe in SPS it's actually a good time to accumulate if you have some liquidity.

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Posted Using LeoFinance Beta



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12 comments
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Calculate the difference between buying STS and buying and staking SPT, which will earn you both STP and SPS.

Posted Using LeoFinance Beta

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Yes, but the problem is when you stake SPT the amount which you get is too low compared to actually buying the SPS.

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If you buy SPS for 500 hives, you will receive, as I understand it, 5-8 SPS as a percentage, maybe I'm a little mistaken, but they will not increase the air drop.
If you staking SPTs by purchasing them today for the same amount, you will receive 4 airdrop STPs, and the interest will increase if you stake SPT coins daily. It all depends on the time, but the rate of SPS coins can overtake the profitability of buying SPS coins.
In addition, you can sell the SPT coins that you receive for curation, or increase their rate, here, some freedom of action. Buying 200K SPT you will receive curatorial rewards ranging from 200 to 550 SPT, selling them you can buy from 3-5 SPS coins, it all depends on the price of both coins, I'm talking about cheap sales. You draw conclusions)

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