What should you do in Splinterlands when everything in the Market turns RED?

So we just had another RED Market day on the Hive-Engine and although RED indicators are usually bad, on the Hive-Engine it usually indicates something else.

Hive is Pumping

Yeah, when I see RED my first instinct is to check the price of Hive, because if you didn't know all trades on the Hive-Engine are made with Hive. So if Hive goes UP, then technically the amount of Hive you pay for the same dollar value goes down.

Thus, causing the market indicators to change to RED.

For instance, in the chart above you can see that DEC is still solid at $0.01041 and yet it's in the RED and same with SPS which is still solid at $0.602. It's just you pay less Hive now for that same amount of DEC and SPS before the pump.

Just relax, this is actually good

So now you've slowed your breathing, what you actually do next could determine if you make money or totally miss an opportunity.

But, you might not have long because when you see a chart go vertical without a solid announcement from the community, it's more like a temporary pump, which is likely to go back down, just as fast.

So act fast and don't be hanging around for it to moon. Because it might have already.

So is buying Splinterlands cards a good idea now?

Well I don't usually buy cards during these market conditions because if we look at the price of DEC, $0.01041 it hasn't actually gone up or down in pure dollar value, so there might not be as many bargains as you might expect.

Of course, if you ever see a hugely undervalued card, you should always considering buying it, if nothing else to just relist at the current market price for a small profit.

Should I convert my Hive to Splinterlands credits?

Well, if you're like me you're probably still up in the air about the Chaos Legions pre-sale but converting your spare Hive to a stable coin isn't a bad idea. However, converting it to 'Splinterlands Credits' kinda locks you into buying their packs of cards (which don't exist right now) or single cards on the markets. So converting to Credits doesn't offer you many purchase options aside from that.

Plus, there will be a 10% Discount with SPS purchases and not credits during the CL pre-sale so being invested in SPS is a much better place to be right now.

But if you want to take profit and convert your spare Hive into a stable coin that's what the Hive Backed Dollar (HBD) is there for. Typically, it's stable around $1, and you can actually trade out of it on major exchanges when you don't need that safe haven anymore.
Then you can buy what ever you want.

Even CREDITS if you're feeling a little FOMO.

Dang then should I buy more DEC?

Well, actually this isn't a bad idea because 1000 DEC only costs 9.1 Hive right now, whereas before the pump, you were paying closer to 14 Hive per 1000 DEC.

Similarly, SPS seems like a solid way to convert your Hive, because it too will give you more bang for your buck (or Hive).

In fact, Plots, Packs, and SPT will all yield better returns for your Hive during the pump. As long as the price you see today, is similar to the price it was yesterday.

So how long will these opportunities last?

I suspect not very long.

You see, even if this is a sustained pump or price increase, the Hive-Engine markets will continue to move in the direction they were before the pump. So any bargains will quickly evaporate and then I expect the market indicators will start to turn GREEN.

Of course, if that happens the first thing to check is the Hive Price again, to make sure the coin isn't being dumped. And if not then maybe it's time to sell and take advantage of those higher prices.

Now none of this is financial advice, just more like common sense. Never spend more than you can afford to loose, and don't be surprised if that PUMP turns to a DUMP just as quickly.
But hopefully you can make a few dollars along the way.

Let me know in the comments what you do when you see a huge PUMP in the Hive price?