Suffering through a grizzly bear week of Splinterlands and pack 19 opening

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This week has been brutal in Splinterlands.

I am trying to find the sunny side of things, but that grizzly bear is mauling me. I must remember short term downturns are buying opportunities not panic selling.


For my weekly Chaos pack opening, the return was $0.70. How many weeks in a row has it been under $1? I think four now. I know pack opening is a gamble each week, but it would have been nice to have something good in a pretty miserable week.

Here's the numbers-

SPS - Down to $0.036. Pretty sure that's a new low. And it's not showing much life at all. I was hoping for a good bump, because if you stack SPS you get GLX. And GLX was rocking it.
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GLX - Not rocking it anymore. Beginning of the week, GLX was pushing up to $0.30, but that's cut in half now. We are at $0.15 and sometimes lower. It was a fun run up, but it looks like GLX died a faster death than when SPS had it's max run up.
DEC- There was a pump last week with DEC hitting close to $0.0085, but that was probably a manipulated pump and we are closer to $0.0006 now
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CHAOS PACKS - are bouncing around $1.80. That's not looking too good since I bought mine at $2.25.
I am opening 52 packs in 52 weeks of Splinterlands Chaos Legion. The return on this pack was a pretty shabby $0.70. The cumulative cost at this point is $42.75, while the return is now at $54.46. The spread is narrowing but I still have a little profit in pack openings.
LICENSE - I added my second license a week ago at round $1,100. Seemed like a good deal, but now license nodes are under $900 and probably about to touch below $800. I should have waited a week longer!
It's a tough week for the Splinterlands investor, but not as tough as the 45 percent of Splinterlands employees that were released last week.

So what's my course of action? I plan to stack even deeper. Splinterlands is what I consider a dividend crypto. There are not many of those. Each week it generates a return. The return may be diminishing but it's still a return. SPS stacked pays SPS and vouchers and GLX. GLX stacked pays GLX. Splinterlands cards pay in rewards in the game and DEC when rented. Licenses pay in SPS and vouchers each week. Stack, stack, Stack STACK! Maybe the stack is completely worthless one day, but I think that the game has enough legs to run the distance. That grizzly bear will be a rug in my cozy Splinterlands cabin one day!
My buy focus this week will be SPS and Chaos packs. If license nodes will hold at this low price and I can unlock some HP, then I will be adding another license.

If you want to play a great Play 2 Earn game, use my referral code for 5 free cards delegated to you for the first 30 days and a bonus of 5 free cards given to you if purchase a Summoner's Spellbook https://splinterlands.com?ref=methodofmad

Thanks for reading to the end. If you want me to delegate a card or two to you this week, leave a comment and your in game name.
Remember, free advice is worth what you paid for it!

Screen shots from Tribaldex and Coingecko. Video is from Methodofmad Youtube channel.

Posted Using LeoFinance Beta



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13 comments
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You have summarised the tokens quite well and I see nothing but downfall. While a part of me consoling my mind saying that it's just the bear, bull isn't dead yet, the other part is mourning the gradual downfall. GLX seems to be a flash in the pan, for the time being I thought it will keep rocking as an SPS alternative, but that hope too is gone. Whatever is happening, I am still hoping to get a good return from the SPS investment in the coming days, can't say when but some other day. They surely do have a plan for everything.

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I am not sure there is a plan for everything, or at least not a strategic plan. And I think SPS is a governance token, so at some point the Splinterlands team may not have the control? I am pretty sure Splinterlands took hedge fund money also, which will limit internal decision making also. GLX is a token without a game. I was excited about it. I think there's more real world appeal for the soccer game than Splinterlands. But with the loss of 45% of the team and the need to keep Splinterlands from going on life support, I think GLX will not bear any fruit for a long time. I am also clinging to SPS as the token that pulls through. I am converting my GLX rewards, vouchers and my DEC rewards into SPS. When I consider the trading volume and market cap, I don't think any other Hive related investment has the same long term potential to be profitable. Maybe Leo?

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Perhaps HIVE has long-term potential.

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I am not sure there is a plan for everything, or at least not a strategic plan.

I agree with that. Strategic planning is something we need for Hive, can't say if there is any or already in practice, but for me, the common user, understanding the financial complexity and inside mechanism is more than head-turning. What I understand is the utility, as long as new projects are coming with new promises in a transparent way, I can put my faith in that. And Hive is that faithful thing to me, holding onto the ecosystem as long as I can. That includes SPS too. Let's hope for the best.

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