Week 24 of the 52 Pack Challenge. Finally, a profit week in the Chaos
This is the last day of 2022.
My Splinterlands investments are down, way down. Ditto for Hive and other second layer tokens. That's okay. A rebound will happen. I will be ready for it.
And it's nice to end the year on a little positive note. Week 24 resulted in a slight profit.
I am opening 52 packs in 52 weeks of Splinterlands Chaos Legion. I purchased the packs at around $2.25 on Tribaldex, which is a great discount from the retail price of $4 a pack on Splinterlands. However, packs are currently trading at $1.38 on Tribaldex and I don't think we will ever see $2.25 again.
So, will I have a profit at the end of the year? Barely this week. The return on this pack was a $2.49 If you have been following the pack openings, it's been more than a month that a pack generated a positive return.
The cumulative cost at this point is $54, while the return is now at $60.68. At this point, packs feel a lot more like gambling than investing.
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As I near the halfway point of pack openings, I have a fear that this will be a negative return on investment. Card values continue to decline. Maybe it's futile but I started a Burn Party initiative two weeks ago. https://peakd.com/hive-167922/@methodofmad/join-the-splinterlands-burn-party-every-friday-we-burn-some-gold-cards-this-is-fire-week-2
Either more players will need to enter the game or cards will need to be burned to stabilize the Splinterlands economy.
Okay, Let's Get Rolling in 2023!
FELIZ 2023 !!!!!😉
Y ESPEREMOS QUE LLEGUE EL "BULL RUN EN SPLINTERLANDS" Y CELEBRARLO TODOS!!!😎
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Because of the bear market, all of our investments have become too much. We all should hold our coins till the coming bull market. I have also buy one axie in 200$. Now axie Worth is only 5$. Hopefully incoming bull market recover my investments. Sprinterland is famous and popular game. We hope that all these games hit again in the upcoming bull market and which ones will rise above.
A profit is a profit!
That's true! !pizza