Need your view: What to do with SPS
Need your view: What to do with SPS
The introduction of SPS in #Splinterlands, has introduced a whole new dimension to the game. For a start I just staked all my SPS to maximise on the high APR%. Currently the APR is still at a very high 67%. This together with the airdrop is giving me a daily income of around 111 SPS. The current SPS value of SPS is around $0.88. With some quick and dirty calculations this gives me ZAR 1 465.00 per day. This is equal to ZAR 43 956.00 per month.
South Africans will know that this is an above average salary in South Africa and quite a bit more than for instance a teachers salary. I love these figures.
Nobody knows what the future holds, and that is where my predicament lies. If we knew that Splinterlands, will just keep on growing and never go bust, it would be an easy decision, to just keep on investing in Splinterlands, but now we don't know this. (Just look what happened to Steem, that was once at $8.00)
My current thinking is to take out half of my daily SPS earning and invest it as follow:
- 50% into other crypto's
- 50% onto the stock exchange
In this way I won't have all my eggs in one basket!! This however means that I loose out on that very nice APR% and possible big growth in SPS value!!
I would love to hear your views /advice and advice on this!!
If this Splinterlands carry on as it is currently, I might still be able to afford my little house at the coast!!
I hope you liked the post as much as I liked writing it.
I hope you have a wonderful day!!
We are just approaching the 80 day of 365 days of the SPS airdrops. So there's lots of SPS still coming our way.
It is natural to be concerned about Splinterlands's future which we can't predict but can only hope the game keeps growing which am inclined to think so.
However that's quite a big chunk coming your way monthly just for fooling around on Splinterlands. It might be a good idea to take a month or two's earning and diversify into other investments.
I have decided to take half of the daily airdrop out for now, but now I must decide where to invest!! I have not invested on the stock exchange before, it might be a good idea??
I have no investment experience with stocks. Have you looked at putting some into DeFi?
No I did not do it, don't know much on DeFi!!
If give it a couple months and then gradually get to your investing strategy.
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I have decided to start with drawing about half of my airdrop daily, starting from yesterday, now I must figure out where to invest.
It's good to disperse your investments for sure. But where and how ... that's a question for million $. 😎 👍 🤑
Yes, I have the same issue, where to invest??
Yes, where?
Wow! that's some awesome daily income. I seem to be getting a nice slice too but nowhere near as much. Makes me wish I'd gone all in earlier but how many times have you heard that line before :D
My thinking is that by the end of the airdrop people will be selling, or maybe when the APR drops... As for the way things look the game just seems too strong for me to cash anything out. My biggest quandary isn't my sps, it's my super-valuable cards! I play the game every day but I'm a complete amateur so these types of cards make little difference to my overall performance. To sell or not to sell...
Yes, the cards are another angle, but I decided to keep them in the game, might sell to buy others. I also don't have a great win rate, but at least the DEC is also coming in slowly.
You have take very good and ideal decision by investing in splinterlands and its realy make some sense of crypto investment on the basis of APR%.
I agree, the question is now what crypto??