RE: SPS Buying and Accumulation Started
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SPS Should be in a good accumulation zone still. I added to my bags at a target below 0.02$ and reached 160k last week still compounding all the earnings from the game. The thing about the yield thoug is that it's only real yield when the price doesn't drop further, otherwise it's just inflation which reduces the bleeding a bit. This is what game rewards are now to cards as it's never possible to out-earn the pace prices continue to fall week after week after week. This is an issue that really needs to be addressed and fixed as it makes no sense whatsoever to put more money in the game right now unless you see it as just a fun expense.
It's a tricky time, on the one hand you see many players capitulating now on their collection and purely on Sentiment it's hard to see the really good times coming back. At the same time this is usually around where things bottom.
Good luck reaching the next milestone, I'm looking forward to see where it will go the coming years.
This is how I am feeling. On the one hand I would like to add to my collection, but the drop in values is pretty hard right now.
The fact that they now want 100k from DAO funds for a "burn event" that fights inflation with more inflation also allowing vouchers doesn't really give much confidence.
Hive is so strong, it can afford everything lol
SPS at less than $0.02 was the best price and I was also able to buy good number of tokens. I paused buying after the price spike and now started again and almost close to make it 150k. 160k is a good stake and you are right that thing are hard these days. All I can is that it all improves and we see better value in the game
What baffles me most is that SPS fully diluted is 70 Million, while Axie is 2.1 Billion, Sandbox 1.5 Billion, Decentraland 1 Billion, Illuvium 800 Million, Echelon Prime 1.2 Billion, Big Time 2 Billion, ...
All games that for as far as I know don't even have the player base of Splinterlands. I'm not saying Splinterlands should be worth that much, it just puzzles me how those projects manage to maintain those crazy valuations without dumping.