About Goals, Focus and Presales
After at least a week of promoting yesterday's Town Hall meeting, I believe most people who have a vested interest in the Splinteconomy were either listening live last night (my time) or has since seen the recording.
What we know now are the details about the Riftwatchers mini-set and its presale and also details about the Splinterlands Tower Defense (SPLTD) game and its presale.
To be honest, I didn't expect the two presales to basically overlap. But there is a reasoning behind that, I believe, to raise interest for all Splinterlands tokens simultaneously. What do I mean by that? Riftwatchers is purchaseable using SPS + VOUCHERs only. The preferred method of payment for SPLTD will likely be DEC + VOUCHERs since it currently provides the highest discount (3$ per voucher and DEC's price under 0.001 USD but considered at 0.001 USD). So, all Splinterlands tokens (SPS, DEC, and VOUCHERs) should be in demand for the presales.
Whether the strategy will work or not is hard to say. I'd rather say it will force most investors in the Splinterlands ecosystem to pick and choose. And that, to be honest, I think it's a great idea - to pick and choose!
I believe Aggy said in the Town Hall meeting, that there's no need to be involved in everything. I don't remember the exact quote, but that's the gist of it.
Here's where goals come into play.
What are your goals? What is their state of achievement? Are these investments aligned with your goals or will they make you go in a different direction?
I wrote less than a week ago about having a plan and focusing.
Splinterlands is definitely one of the few things I focus a lot of energy and investments in. The investment part is mainly reinvesting a large portion of the income I produce there in the same ecosystem.
But Splinterlands itself is a big ecosystem and on the way to becoming huge. I came to realize I can't be involved in everything, or I'll be at most average in them. Not to mention the growing time demands.
So I started to pick and choose.
I didn't get involved with the SPS node validator license sales for a number of reasons:
- it would have diluted my other holdings, like SPS, and I don't have so much to not feel the difference (remember the opportunity cost I talked about?)
- I don't believe one license will be enough later on
- I don't intend to run a node myself
Following the same process, I decided quite a while ago I won't participate in the Riftwatchers presale.
Don't get me wrong, I believe that the Riftwatchers mini-set will have some interesting cards, and I will buy (and likely max) SOME of them. But participating in the presale won't help me this time, especially since to make it worth it one needs to buy in bulk.
Plus, any major buys with SPS would push me back a great deal from my SPS staking goal, which is now completed.
Then, I still have a great deal of Chaos Legion cards to max out until the end of the year. And that is my goal, Riftwatchers isn't.
Splinterlands Tower Defense Game
Regarding the Tower Defense Game presale, the decision is the same, to not participate in the presale (90% decided).
It's not that I don't want to, but I have to think strategically about what's best in my case.
Here are a few reasons I'm considering:
- funds for 500 packs is a LOT to divert from Splinterlands to the Tower Defense Game; we seem to need lots of cards since the ECR is at the card level in that game
- there will be continuous costs for playing the game (which is great for the Splinterlands economy)
- Q1/Q2 should be(?) land time in Splinterlands; I am a significant land owner and there will be upgrading costs for land buildings (as they are for guild buildings too, and they will become more important too); rather than pushing on all fronts and being mediocre at best in all of them, I should focus on the things I'm invested in already
What I said above doesn't exclude the possibility that I will get involved in SPLTD at some point. But for the presale, this seems out of the question, unless I find out information in the meantime that convinces me to participate at a much smaller scale than 500 packs.
Later on, we will know more details, we will see how the development progresses and I will see what funds become available for me once I complete my goals (all of them, not only Splinterlands-related).
The roadmap seems promising:
From Splinterlands post.
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Thanks for the information. Your posts keep me up-to-date. Thanks for sharing.
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You're welcome.
Hmm.. I am on the fence. I don't have a lot of time, and if and when the ecosystem gets too complex, time to get out for me?
With everything on sale right now, both crypto and stock market, not sure it is a good financial strategy to sink more time and money in one project?
I do believe Splinterlands has a solid foundation and it's on the verge to become mainstream at some point with all the projects they are involved with.
Obviously, they offer a lot of options and there will be many more. It's a matter of picking a path and focusing on it, I believe. In the case of people with lots of funds, invest in everything and then automate/rent out/pay people to play their accounts (i.e. split rewards), etc.
The price of $5 in SPS + voucher is very expensive...
Depends on who you ask I guess. I believe it is too.
If I were to max out all the cards, is it cheaper to buy singles or buy packs?
I haven't made the calculations.
The more I think about it, the more I tend to let the two presales pass. I won't be able to buy enough packs so that I can profit from the bonuses and I prefer to "enjoy" potential price increases in the tokens and sell them for a profit so that later I can buy the cards that I really want directly from the market... Well I say that now but things can obviously still change lol
You stole my plan, lol. For me, the chances to reconsider are slim. I don't see any benefit in chasing not two, but multiple rabbits at the same time. I'd rather catch a few first (i.e. complete my goals), then I am free to chase others.
A lot of times we have different views regarding investing, but this time, I agree with you (almost) 100%...😃 I will probably skip huge investments in both things, but I will try the tower defense thing as I liked that kind of game in the past... But, nothing crazy... :)
Yep, I want to try that too, but don't really need to buy in the presale. I need to check again if the price is different in the general sale compared to the presale. Plus, I might buy the NFTs directly, not packs.
If we look back to the past, I think it was more profitable to buy cards later from the market... 😉
In Aggy's words: "FOMO is a cruel master". But sticking to a plan beats that master... sometimes. :D
Oh, yeah... poor Aggy... They didn't want to cause any FOMO... it's just a coincidence that they launch 2 things at the same time... 😃
My Splinterlands goals are a little different to everyone else.
While I believe that the price of SPS will increase in the short term, my end goal with Splinterlands assets is to increase my HIVE stack.
By continuously increasing my position in the SWAP.HIVE:SPS LP, not only am I receiving like 6x the yield I would by having simply powering up my HIVE, but I'm also DCAing back into HIVE via impermanent loss.
Right now, I'm happy.
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Yep!! I'm very happy about that! That diesel pool (and not only) will work solidly towards my Hive Power goal, which is the most difficult I have this year.
Btw, the new bHIVE-bHBD pool on CUB has a very interesting APR for the time being.
Others gave up too early. I think soon they will return once they see how the ecosystem evolves.
I don't want to spread myself too thin too. But I think I can set aside a budget for at least 10 packs. That's the only amount I can afford for now.
Great to have focus. I think they will not disappear soon. I still have a lot of time to add later.
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There are two approaches here. You can treat it as a gamble, and hope in 10 packs you will get something extraordinary, which you might.
Or you can buy the cards you want from the market afterwards. Same budget, except this time you go targeted to what you want/need, and may even get some at discount.
Buying packs is a very good idea, and it often turns to serious profit (without gambling), when you buy in big enough numbers (in bulk, the best idea is to take advantage of the highest discount, but few can do that).
Just like what I did with CL packs, I bought a few during the pre-sale and also bought targeted cards afterward. You're right, me too, I can't afford to buy in bulk.
That sounds like a good combo too. A little bit of gambling and then targeted purchases. And you tried it before so you know what to expect, mostly.
In fact, if I have extra VOUCHERS and a lot of SPS, I could have taken advantage of this upcoming change in sentiment by selling some and buying back later. As for cards, I think they can wait. I see them more as part of long-term accumulation.
There is a risk... They have a few other unannounced projects coming, plus the soccer game. You can't possibly know what the evolution of these tokens will be. I mean, if they'll drop back to much lower levels or find a higher bottom and keep raising from there (SPS at least).
Yes, that's part of speculation. It's good that I have a small amount of both SPS and VOUCHERS and so I can't pursue really what's in my mind.
As for the SPS chart, it looks like it won't revisit that July low, and that August 20 pullback seems to be the new base.
I think the price for packs has increased since untamed and I just don't really see either option as that attractive. So I think I will skip both. Specifically for the tower defense, I want to see what the team has implemented to make it stand out outside of NFTs.
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I understand that they haven't earned your trust yet. It makes sense. While it may not be the same, because both Aggy and Matt were well-established on the former blockchain when they started the game, alpha cards owners should be more than happy with their investment in the early days of Splinterlands, before the gameplay was released. But then, it was a considerable risk. I didn't join until the gameplay started and the Beta edition arrived. In hindsight, earlier would have been better. :) But for the SPLTD - being a game within a game (so not totally independent) - to go hard right now and practically kiss my goals for 2022 goodbye, doesn't seem like the best course of action for me. But I will probably invest and play the game when the time comes.
I am too focused on Splinterlands CL right now to take on any new packs and presales.
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LOL, exactly! Better make one great than two average.
I am surprised they also do not focus on 1 thing at a time, but it can be as you said. Also the sales of CL cards is not finished.
That was expected. They sell the mini-set while the main set is still available. Happened with Untamed and Dice the same way.
There are some reasons behind this as well: they receive funds from selling the main sets, but the community receives the funds from the sales of the mini sets. I think in the case of Dice, DEC was burned. In the case of Riftwatchers, SPS will be 20% burned and 80% going to the DAO, which will be controlled by the SPS stakeholders, if I'm not mistaken.
Thanks for the info!