Living on Crypto: My Journey with Splinterlands

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(Edited)

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As a crypto enthusiast, I have always been drawn to the idea of "play-to-earn" games. When I first discovered Splinterlands,it seemed like the perfect opportunity to not only have fun playing a game but also earn some cryptocurrency in the process. However, as time went on, I realized that living on crypto earnings alone is not as easy as it sounds.

One of the biggest challenges I face as a Splinterlands player is the need to constantly pump my summoners and monsters. To do this, I need to level them up, which can be an expensive process. Unfortunately, I have not been able to invest as much money into the game as I would like, which has made playing frustrating and boring at times and that’s why many people say PlayToEarn is dead as I wrote in this post.

Despite this, I have remained involved with Splinterlands in other ways. For example, I have dabbled in card speculation and content creation, which have allowed me to stay connected to the game and the community. This is one of the things that I find so unique about Splinterlands – there are many different ways to be involved beyond just playing the game.

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However, I also realize that living on crypto earnings alone is not a sustainable long-term strategy especially if one is starting from $0. While it is possible to earn some cryptocurrency by playing Splinterlands, it is not enough to support oneself entirely especially as a mid deck player.

Play-to-earn 🟰/ Play-to-earn-a-living

I believe that many people who are new to crypto may not fully understand this and may think that "play-to-earn" games are a viable way to make a living, play-to-earn is often misconstrued with play-to-earn-a-living but except one is living under a rock and eats shrubs as meals.

In reality, living on crypto requires a lot of planning and foresight. One of the biggest mistakes I made was not investing my earnings back into the game or other crypto projects. Instead, I spent it on day-to-day expenses, which limited my ability to grow my wealth within the space, not like I had a choice, but if I had reinvested my earnings back into Splinterlands, I would likely have a much stronger position today.

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That being said, living on crypto is still possible. Thanks to platforms like Hive, I have been able to earn some cryptocurrency and cover most of my expenses. However, to truly play-to-earn a living, I believe that one needs to have a significant amount of capital to invest in various crypto projects. This is something that I am currently working towards and hope to achieve in the near future.

My journey with Splinterlands has been both rewarding and challenging. While I have not been able to pump my summoners and monsters as much as I would like, I have remained involved with the game in other ways. I have also learned some valuable lessons about the importance of reinvesting earnings when it comes to living on crypto.

If you are considering playing Splinterlands or other "play-to-earn" games, I would encourage you to do so, but also keep in mind that it is not a guaranteed path to financial stability.

Thanks for reading.

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29 comments
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How much time do you have to spend on HIVE and around it?
I might know a few projects where you can earn some extra HIVE and other tokens on the side. I am currently building the content creation department of an upcoming game. Get in touch: tag solymi on discord I am on almost every hive server ;)
!hiqvote
!invest_vote
@cryptocompany vote ;)

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Out of a 100% I spend 75-80% on Hive

Awesome stuff, thanks for the link up. I’ll hit you up

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No one could have known these things. Crypto assets are somewhat tricky, as for splinterlands, it's the same. I think if I had known, I'd have increased my skin so I could play in the bigger leagues, as that's where the money is.

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I'd have increased my skin so I could play in the bigger leagues, as that's where the money is.

Yup and this too, it’s crazy, one has to have “time-in” and “timing” correct. Lol

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I use to hate myself for making big move mistakes, but, I've come to accept that we're more humans than superhumans hahahah PS: this prospective bull is taking too long.

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We are learning on the way. That’s the important thing.

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One of the biggest mistakes I made was not investing my earnings back into the game or other crypto projects.

I think this is a very important thing that most tend to forget. If you take out all your earnings, you will always rely on your direct income. If you manage to put at least a part of your earnings aside and reinvest them, little by little a part of your income will be generate by passive income. In my opinion, this is the best way to scale your crypto business and make sure in the long term that you can sustainably live from it. Great post!


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Thank you for your comment achim

If you manage to put at least a part of your earnings aside and reinvest them, little by little a part of your income will be generate by passive income. In my opinion, this is the best way to scale your crypto business and make sure in the long term that you can sustainably live from it.

True this is how I’ve been able to stay afloat with my earnings on Hive and this is my main eventual goal too

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I don't know about living ONLY by Play2Earn games, but living from crypto is possible... I'm around 95% in crypto, working for crypto, investing, and having most of my assets in it... But, you pointed out a very important thing and that's "reinvesting" percentage back to crypto (but diversifying too)... This means that you should take profits too!

I started my crypto journey (actively) in early 2017 with a very small investment in mining ETH... as it was a great bull run, I reinvested all my earnings back and grew my mining rigs' capacity...

Later on, I discovered HIVE, De-Fi, Play2Earn, and stablecoins... All that together CAN make you living from crypto, but it doesn't come easy... You have bull and bear markets and you have to adapt to them accordingly... Don't forget that long-term isn't a year or two... It's multiple years (decades) of building... I suffered a lot in the 2018 bear market, but the last one was much easier, as of experience and preparations...

Cheers! Never give up!

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But, you pointed out a very important thing and that's "reinvesting" percentage back to crypto (but diversifying too)... This means that you should take profits too!

💯 This!!!

I started my crypto journey (actively) in early 2017 with a very small investment in mining ETH... as it was a great bull run, I reinvested all my earnings back and grew my mining rigs' capacity...

Wow nice to know. I got in late 2017 my landing spot was steemit and it’s been a ride ever since.
Do you still have your rigs and use them?

I’m managing to live in the bear now and trying to stay afloat while capitalizing on the low prices and also gradually stacking up for the bull.

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Wow nice to know. I got in late 2017 my landing spot was steemit and it’s been a ride ever since.
Do you still have your rigs and use them?

I have part of them, but I sold most of my GPUs... I thought that GPU mining will survive after ETH went to POS, but the bear market was too heavy and other tokens didn't make it to the level that they can absorb all that GPU hash rate from ETH...
But, it was a great starting point for getting into crypto, and I was lucky to get into it BEFORE the top (end of 2017)... After that, I found Splinterlands, STEEM, and DeFi, and switched to other crypto-related projects instead mining... I suppose that's the "secret"... To adapt and move along into better and more profitable things, absorbing experience and learning from mistakes... 😃

I’m managing to live in the bear now and trying to stay afloat while capitalizing on the low prices and also gradually stacking up for the bull.

That's the point... To have some kind of cushion for the bear market and try to earn in it some income, while accumulating slowly for the bull... When it comes, take profits, and do the circle again over and over... :)

Cheers!

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Thanks for sharing your awesome experience.

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Great read. Play to earn allows some reinvestment in the game. I am learning that most of the earning is really in the assets and speculation of asset price movement. I earn more in tournaments than in daily rewards.
!PIZZA

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Thank you.

I’ve tried meddling in tournaments, my deck couldn’t survive two battles! 🤣to think I have badass cards. Or maybe I’m not as good as I think I am lol, what I know is that I’ve hit championship tier more than once back in the day. When I build up my deck, tournaments will sure be one way to make some steady income. You know right?

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Thank you.

I’ve tried meddling in tournaments, my deck couldn’t survive two battles! 🤣to think I have badass cards. Or maybe I’m not as good as I think I am lol, what I know is that I’ve hit championship tier more than once back in the day. When I build up my deck, tournaments will sure be one way to make some steady income. You know right?

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Thank you.

I’ve tried meddling in tournaments, my deck couldn’t survive two battles! 🤣to think I have badass cards. Or maybe I’m not as good as I think I am lol, what I know is that I’ve hit championship tier more than once back in the day. When I build up my deck, tournaments will sure be one way to make some steady income. You know right?

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Thank you.

I’ve tried meddling in tournaments, my deck couldn’t survive two battles! 🤣to think I have badass cards. Or maybe I’m not as good as I think I am lol, what I know is that I’ve hit championship tier more than once back in the day. When I build up my deck, tournaments will sure be one way to make some steady income. You know right?

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Yes tournaments do seem to pay more than they cost. You also get to see mostly real players there. Always some interesting combinations to fight against.
!PIZZA

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(Edited)

yes it's true the splinterlands game has many ways you can win not just playing

!PIZZA

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