Uncertainly Steadfast

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(Edited)

Depending on your Splinterlands collection you may have a significant difference in the dollar value.

To think last year sometime even before Chaos Legion I was standing at about 16K, in recent months more around 4K and in the last month alone the value has dropped another $1000.

Now only a couple of months ago a person could have sold everything and bought back with some profit. Then again back then we surely thought it was also the bottom.

So why would a person risk selling it all waiting patiently and then buying back? How could you even reduce the risk to an extent that even though you made a wrong call to sell it is still not a complete loss?

One way I imagine is to call it a day and sell for the 20% HBD interest you may receive. Then again who controls the HBD interest and seeing as the HBD price can seemingly be manipulated just by a small group as rumour has it, would that be even a loss on the little you do have?

Personally I will just HODL my cards regardless unless it becomes more clear that it is infact Splinterlands solely losing value.

These are all hard to determine, is it a failing project or is it just the crunch?

Possibly a third option which I did not mention is to power it all up as hive. Although HIVE stake only gets 3% ish and I don't know the inflation beyond that, but average curation is 10% I think maybe HIVE as sporadic in price as it is can be a better bet than HBD or holding my cards.

On the other hand, sticking with what I have and looking at it from a new entry point. Things are kinda cheap now, for one thing I can buy back my land I did sell at $70 cheaper.

I guess it comes back to the good 'ol Hive plebs earning strategy. Where do I put my funny money to make me more funny money?

Reinvesting my earned SPS and keeping each income stream isolated is extremely slow, but taking from something that is profitable for example: Taking funds from posting to then buy more assets in any one game might just be akin to a slot machine.

My default though is to standfast and whether things get worse I am still working with the same amount of assets. In that regard I am always gaining and possibly for the sake of sanity a better metric for me to look at is that I do now have 310K CP instead of $2200 worth of cards.

I would be more inclined to also buy my land back because then another metric would be my DEC earnings as a whole instead of my $.

So as some say: 1 Hive is still 1 Hive



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7 comments
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These are some of my thoughts too. On the one hand, I would.like to buy cards, but the returns are higher in the liquidity pool, but maybe HBD is safer.. but then maybe Hive is a better long term bet... Round and round I go! Lol.

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Yeah, I am quite partial to just doing the same thing but letting each part take care of itself, I was in the LP pool for a bit too, I wonder actually if removing my staked SPS and reentering is a good idea but for the most part I am not keen on using hive on more Splinterlands assets. !PIZZA !LOLZ

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I am unsure what to do as with Hive you have 13 weeks to unstake, it is good to have some liquid hive around if you need it. But I know what you mean if you have enough assets already, that is a big drop in $ value.. but the bear market is quite brutal this time. . i presume the rise in interest rates has burst nearly all bubbles and the housing market could be the next one.. hence the need for rapid price inflation. !PIZZA !LOLZ

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