My Buying Strategy for Splinterlands
Splinterlands remains one of the best investments in crypto. So how can we increase that investment?
My current strategy is to buy commons and rares from the current reward set. Is this the best one? I don't know, but it isn't a bad one!
Every day I get about 500-1000 DEC from my rentals. At one time I was moving a portion of that to HBD (and the savings account) to help balance my portofolio—because my portfolio is way unbalanced in the direction of Splinterlands—but at the moment I am putting it all back in. The market is down and I think that's the best time to reinvest, compound, and work on building a solid base. When the market is booming again, then is when I'll start taking profits once again.
Anyway, so everyday I pull up peakmonsters and look at what is going on today.
If I have more time later I might browse for deals in the epic and legendary cards as well as other sets, but I begin here anyway, just commons and rares of the current reward set.
If there are any deals, I'll snatch them up, but otherwise I will put in bids for the lowest common and lowest rare—looks like that is Venari Heatsmith and Naga Assassin today.
My goal here is the rental market. I've found that for commons you need at least LVL3 before it will rent above .1 on a consistent basis, and for rares it has to be at least LVL2 for the same. That in mind, my bid for commons will be at least 16 cards and for rares at least 5 cards.
And that's basically it. I buy, I combine, and I rent out again. I don't know if this is an optimal strategy. It probably isn't. If I was good at accounting I'd work out complex spreedsheets to show me what is the best. But without doing all that, this works for me. Doing this for the past few months has helped me build up my rental income to the somewhat decent level it's at now.
No matter what your buying strategy is, I'd recommend making one and averaging in as I'm doing. It may not feel like much now, but the next time Splinterlands booms and prices jump up once again, you'll be glad you did.
(By the way, do you want a free card? Look at my last post for a contest)
Not a bad strategy at all! I have been doing something similar, except on the gold foil side of things. The GameFi world is about to seriously take over. We are still early to it all!
I try to keep my regular cards for my personal battles and rent out all the gold foils and the regular legendary and epic cards.
Why not battle with gold cards? Do you get more renting than +10% dec from battles?
Sometimes i specially rent gold cards for this bonus.
I don’t play that often. I rarely make it into Bronze II. Just don’t have the time to put to it with all the different hustles. Plus I am not that good, lol. And yea, I average around 20% on renting GF cards. Most make between 30-40% but there are the few that only go for like 8% which brings the average down. But most are the higher range. At least according to peakmonsters.
That’s why this game is awesome. Different hustles for everyone.
In this case, I completely agree. For that reason I'm trying to get into all these meta-gaming tokens, like cartel and thgaming. I barely have time for splinterlands, let alone all these games, but I strongly suspect this is going to be the next booming area.
For sure. We have stake in a couple of other games like DCity, but Splinterlands has everything one would want in a game really.
This is great advice! I'll try to make some lvl 3 card and rent them.
Good advice. Solid way to build collection long-term. As @hivehustlers said, we're still early. Once Bitcoin breaks out of this bear-market cycle (fingers crossed), I think we could see wider adoption of crypto gaming benefiting all those already invested.
The bull run brought the hype, the bear run is the time to accumulate