Reflections on the Splinterlands Bitcoin Halving Promo Event: Balancing FOMO and Rationality
When the event was announced, I found myself facing a dilemma. On one hand, I had reservations about the precedent it established and the high cost of the cards being offered. Yet, on the other hand, my completionist personality kicked in, and I couldn't shake the feeling of wanting to participate.
With limited time to deliberate, I succumbed to FOMO and decided to take part in the event. In hindsight, I wonder if the short duration of the event was intentionally designed to capitalize on FOMO and spur quick decision-making. Regardless, I made the choice to invest in the event, sacrificing potential progress in other areas, such as expanding my land holdings.
As I awaited the results of my purchases, I couldn't help but question the value of the cards I had acquired. Despite their high cost, they didn't seem particularly useful in the current meta, and I found myself hesitant to use them in battles. The only thing left to see is if the raffle chances will help offset some of the costs..
Now, as the event draws to a close, I'm left wondering if my participation was justified. Will the RNG draws at the end of the event provide any consolation for the sacrifices I made? Or will I be left feeling regretful for succumbing to FOMO and straying from my usual rational approach?
In the end, my experience with the Splinterlands bitcoin halving Promo event serves as a reminder of the importance of balance. While FOMO can be a powerful force, it's essential to maintain a rational mindset and carefully consider the implications of our actions. Moving forward, I'll strive to find that balance between seizing opportunities and making informed decisions, ensuring that my choices align with my long-term goals in Splinterlands and beyond.
Discord: @newageinv
Chat with me on Telegram: @NewAgeInv
Follow me on Twitter: @NAICrypto
The following are Affiliate or Referral links to communities and services that I am a part of and use often. Signing up through them would reward me for my effort in attracting users to them:
Start your collection of Splinterlands today at my referral link
Expand your blogging and engagement and earn in more cryptocurrencies with Publish0x! Sign up here!
My go to exchange is Coinbase; get bonuses for signing up!
The future of the internet is here with Unstoppable Domains! Sign up for your own crypto domain and see mine in construction at newageinv.crypto!
Always open to donations!
ETH: newageinv.eth
BTC/LTC/MATIC: newageinv.crypto
Disclosure: Please note that for the creation of these blog posts, I have utilized the assistance of ChatGPT, an AI language model developed by OpenAI. While I provide the initial idea and concept, the draft generated by ChatGPT serves as a foundation that I then refine to match my writing style and ensure that the content reflects my own opinions and perspectives. The use of ChatGPT has been instrumental in streamlining the content creation process, while maintaining the authenticity and originality of my voice.
DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.
I'm also a completionist and understand the need to support the company through events like these. I decided that I wanted access to both of these monsters at max level, so I purchased vouchers right around when the price was announced. However, on the day of the sale, people were posting their GF promos for much less than I perceived their value to be. I even sold my vouchers into DEC for a slight profit!
I was able to buy the BCX for a fully maxed GF rare promo for less than what it would have cost to buy the RF 115 BCX of the card for max level. I was also able to pick up the GF legendary promo with bids around $125, so I was able to max the GF legendary for about 2x the price of what it would have cost to max the RF legendary. 2x is a great multiple when it comes to comparing the price of RFL and GFL.
Ultimately, I did not care about any of the freebies given away with the leaderboard for this promotion, so that part of the event was not a motivating factor for me. I was a little bummed that my money went to the secondary market rather than the company, but without the ability to buy guaranteed gold foils, it was always going to be the outcome that I bought my GF cards from the market.
In years past, I would have bought from the company, sold/rented the RF promos while purchasing the GF promos. However, due to the limited demand of the card market and rental market, I just felt it was better to make my purchases directly. For what it's worth, I would have liked to see the proposal to pay the company from the SPS DAO for the promo to pass, and I voted as such. Hopefully, it was a success in raising funds for company while giving out some of those promotional assets in the sale.