How easy is turning a profit in Splinterlands?

avatar
(Edited)

Turnover quick guide

If you're not sure how to turn a profit in Splinterlands, investing in this crypto game may sound risky. You might think assets will fall in price after a while, causing you to lose money. If you ask veterans to tell you how much you can earn or how long it takes to earn, they'll give you mixed, unreliable answers. Who can you trust? What can you trust?

I'm a low budget on and off Splinterlands player for over three years already. In the past, I've turned $500 into $2500 twice or thrice. If there's anyone who can tell you the basics of how to turn a profit in this game, that's me. So let's get this explanation started.

The main asset from Splinterlands is cards. You use them to play and earn. It's cheaper to pick up cards while they're being distributed because there's no hype around them unless they've just been released. Constant influx of these new cards make them readily available for anyone, as they haven't been monopolized yet. It's the perfect time to buy.

It doesn't matter what you do with the cards you've bought, as long as you hold on to them for a few months at the minimum. You should favor holding for at least a year to ensure it's no longer being distributed when you finally want to sell. What can you do with these cards meanwhile? Play, rent out or stake in lands (coming soon). Do you really have to? No, but it's easy enough, and it'll factor into your ROI.

Now you understand the cornerstone of Splinterlands' economy: buy, earn while holding, sell after distribution is over. Historically, you'll double your initial investment over 12 months, but increased scarcity nets more profit if you decide to hold for longer.

All you have to do is pick up some cards being distributed. It doesn't matter whether you're a player or not, as there's a good option for you no matter what. Buy low, sell high!


image source: https://peakmonsters.com/@felipejoys/cards



0
0
0.000
12 comments
avatar

Obrigado por promover a comunidade Hive-BR em suas postagens.

Vamos seguir fortalecendo a Hive

Metade das recompensas dessa resposta serão destinadas ao autor do post.
0
0
0.000
avatar

Great let me investigate further. A one year long term hodl for profit sounds quite slow, but if I can rent out in the interim then that might be good for me.

Posted Using LeoFinance Beta

0
0
0.000
avatar

you can usually earn profit in much less than a year, but it's guaranteed within 12 months as long as you don't buy during bull runs

0
0
0.000
avatar

Awesome, I bought the $10 spell book now at Splinterlands and used the Credits to buy 3 cards so far but have not been able to win a battle yet. I will need to learn the strategy.

0
0
0.000
avatar

hmm. you should focus on playing using the death splinter first. it's a great splinter for low mana battles. you should use cursed windeku, undead badger and life sapper

0
0
0.000
avatar
(Edited)

Hey thanks for the advice, let me try that. I really need some direction as I'm just guessing as I go along hehehe.

Epic, that combination gained me my first win. I'm making progress at last.

0
0
0.000
avatar

Glad to hear that! What's your ingame name?

0
0
0.000
avatar

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

0
0
0.000
avatar

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

0
0
0.000