Even in this Bear Market You Can Still Earn 100% APR
How to Earn 100% APR During this Bear Market
I'm on a sort of working holiday over the summer, or should I say winter, here in Australia, so I haven't been able to do the Town Halls as I would like to do, but in the mean time I'm keeping up with all the latest news, just in a totally different time zone (or apparently whole different day... so bizarre! HAHA)
What's truly important right now is to find the positive among the negative, the light in the darkness and boy have I found it. Well, to be fair, it's Neil @nealmcspadden and his recent YouTube show that shows there's still reason to hope! You all should check it out and you can even get your own spreadsheet from him! Here's his article you can watch his video here:
What you'll discover is something you can share with all your investor-friends who are currently stressed about this downward market -- you're still earning while others are losing.
How are you Earning in this Bear Market with Splinterlands?
I'm earning in Splinterlands, because I've invested in the validator nodes, and with the nodes' benefits, including the recent addition of vouchers given to node-holders, I'm actually making money with a 100% APR! You see, when you look at Neal's figures, you can understand that making a node purchase means you'll earn all your money back and then some. Maybe you struggle to explain the figures as I do, but thankfully this is easy math and obvious to those who have spent time playing Splinterlands, but it might not be so obvious to the newcomer. Explaining to them that you're earning during even this difficult time should be an incredible selling point!
How Can You Be Sure Splinterlands will Stick Around in this Market?
You may have those who worry that Splinterlands is going to crash and burn, but again that comes down to some easy math, some study of the business model, the reassurance from the Splinterlands' team and a little faith.
If you need to assure your investor friend about the future of Splinterlands, you can show them that Splinterlands was developed during a time when crypto wasn't even the great gold rush it seems to have become, or at least was, just six months ago. Therefore, you can assure them, just as we heard from Matt and Aggroed at the Town Hall this week that they have the funds to continue supporting nearly 100 employees during this bear market. They even indicated that this isn't the worst they've seen in Splinterlands' lifetime, which should be QUITE a telling scenario that Splinterlands is doing well.
How can you say Splinterlands is doing WELL? Again, check the numbers. SPS has dropped at the EXACT rate that Bitcoin has dropped. That's not a reflection on the game, that's a reflection on the times. Do you think bitcoin is going to crash and burn to nothing? It's quite doubtful, so then you should have some encouragement that SPS which is the token visible on the mainstream market is just moving at the same pace as all other crypto.
So don't stress too much. Find some time to find the light in Splinterlands and if you have any ability to buy some nodes, you SHOULD!! You'll see the rewards for sure!!
Hope everyone is doing well! I will try to write when I can. As for now, I'm out in the Australian bush looking for koalas, my favorite animal of all-time. Yippee!
If you enjoyed my post and want to try Splinterlands, please use my referral link: https://splinterlands.com?ref=rosiew
Please remember my post is not meant to be financial advice and is just my opinion.
Follow These Folks:
1Up (#OneUp): https://www.1up.zone/
Here are some great links to join as well!
Splinterlands Discord: https://discord.gg/Tw7KjNsQGs
PeakD Discord (PeakMonsters as well): https://discord.gg/7mQmzZeugE
Monster Market Discord (Monster Curator): https://discord.gg/DR3J9rfRFV
NFT Studios Discord (aka 1UP Discord #OneUp): https://discord.gg/4VYBcNuVQd