Are giveaways profitable? Card Giveaway + Plus thoughts on the upcoming bear market

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Experiment Results

So for my last blog, I ran a giveaway for one Pelacor Mercenary which was valued at the time at 23 cents. Selfishly, I did this because I wanted to see if it was profitable to run giveaways through blogging. So now about a week later, now that I'm able to redeem the rewards from that blog post, the results are in. I was able to earn 2.241 HBD, making the giveaway well worth it for me. I'm quite new to the whole blogging thing, so I may be mistaken here, but it seems that majority of my rewards came from the Splinterlands main account for joining their social media weekly blog challenge. So some advice for everyone out there that wants to start blogging, be sure to take advantage of this and join their weekly social media challenges.

Bear Market Thoughts

Recently I've been wondering how the upcoming bear market will affect the price of cards right now. I'm sure that just like the entire crypto market, Splinterlands won't be immune to the heavy dips in value. Of course it's really difficult to time the market, so it's also very possible that the bear market is really far away and that the prices of cards go even higher than where they are right now.

I've been debating on whether or not it would be worth it to sell some of my cards now for a high price, then try to buy in later on hopefully when prices have dropped already. I'd love to hear some of your thoughts regarding this, and what plans you might have in the next few months for buying/selling cards.

Giveaway Results

For the giveaway, I used this website (https://filoz.info/picker/) to randomly pick the winner, because I saw that other giveaway posts used that as well.
And the winner is

giveawaywinner1.PNG

Congrats to @half-fast !

I've sent the card as shown below

giveawaycard1.PNG

Now since, it's profitable, I've decided to do one more card giveaway. This week I'll be giving away one Pelacor Deceiver which is worth 17 cents at the time of writing.

To join:

Giveaway Rules

  • Comment your Splinterlands username so I know who to transfer the card to.
  • Upvote the post
  • That's it! I'd appreciate a follow but that's not required. Additionally, I would love it if you could share your thoughts about the upcoming bear market and how that might affect your buying/selling strategy inside the game.

For the newbies out there that want to get into the game, feel free to use my referral code: https://splinterlands.com?ref=phonsoswag

I get some benefits if you sign up using that, but I'll be sure to make it worth your while by either sending you some DEC or delegating some cards to help you get started. Just reach out to me and let me know.

spt splinterlands leofinance proofofbrain giveaway
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32 comments
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@squishna
I’d love continue reports of earnings from posts ablnd strategies if you’re willing.

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Thanks! Definitely, I think I'll start to do more in-depth strategies per splinter at the Silver 3 level.

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Thanks! +1 for seeing you blog about your in-game strategies going forward. @ozymnds

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That's my other account lol.
When I have more cards I think about delegating to beginners and helping them!
@lucas-qz

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Thanks for the mercenary! Is it alright if I see if lightning can strike twice? If so, please count me in. @half-fast

As to your plan to sell and buy back later, The NFT market doesn't necessarily follow the same trends as the crypto markets. Especially usable things like SL cards. You may very well find yourself buying those cards back at a higher price because they generally don't dip that far if at all. After making my noob selling mistakes, I've come to the conclusion that I'll only sell things I have extras of that I've already maxed. That way, I'll never have to buy a card higher than I sold it, or in my case never own the card again because it's price sailed well past my ability to purchase.

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Yeah, you're free to join again! Those are some good points. I'm quite new to te NFT market so thanks for the insight.

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Congratulations @phonsoswag! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 10 upvotes.
Your next target is to reach 50 upvotes.
You got more than 50 replies.
Your next target is to reach 100 replies.

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If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

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thanks for the giveaway

ign: henruc

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generally games tend to do better in bear markets not saying SPL is immune but looking at the other game type coins Mana, Sand and etc are just rocketing while the rest of the market crumbles.
@bakuoni

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