My $1600 invest plan has changed on CL pack buying!
My updated and new theoretical approach to Chaos Legion pack buying.
I've been thinking about when the best time to buy Chaos Legion packs would be and I have decided that it will be right before the public sale goes live. My reasoning behind this is because once the public sale goes live I will be afraid that some multimillion dollar sharks will take up the market in a few hours or days. The other reason is because the site will certainly crash when you have thousands upon thousands of people trying to get their Chaos Legion pack at the exact same time. Hopefully it won't but if it does I can rest assured that my packs would of already been purchased.
So how am I going to do it?
I am going to wait one week before the public sale goes live and will buy packs that are around the $6 range. I don't believe that is too far fetched to be reality because I know that the presale will more than likely not sell out all 1 Million packs which means people will still want airdrops for the first million packs that will be sold. At least from my understanding it will be done in sets of one million regardless of whether it falls into the presale or packs get carried over but I could be wrong on that.
So for the packs I am going to convert all my 155,000 DEC into SWAP.HIVE which currently would be around 2200 swap.hive and then I would start placing bids for packs that are at the $6 range and pay the extra $2 per pack to make sure I am at least safe and not having to worry about all the packs being sold out super fast or the site crashing etc at this point I would have already bought all my packs. So at $6 that's about 7.45 SWAP.HIVE at $.81 each Hive.
I could get about 293 packs from the secondary market but that still doesn't include all the SPS that will be dropped daily until that last week comes along. I get 23 SPS per day and for the sake of crazy math I'll just act as if there were only 30 days left of acquiring it before sale goes live. So that would be 23 SPS x30 Days= 690 SPS and let's just say it's at .65 at that time I would then have $448.50 to add to that original 2200 SWAP.HIVE amount. It's probably around 74 packs or so that I could get added to that.
What this does is
#1 Bring peace of mind I already have my packs as a nonstaking player
#2 Don't have to worry about the game crashing to get my packs
#3 Plan on how much I can sell what I already gathered.
So for that very last part let's say I am able to gather about 300 packs and I paid $6 a pack that would mean it cost me at least $1800. Let's say I might have to settle and buy packs at $7 which is also ok it would then cost me $2100 but that's ok due to the following: I will try and HODL my packs until the end of the airdrop to keep making as much sps as I can but if I am able to sell my 300 packs at least at $20 value or more then I would have 300x$20= $6,000 to reinvest b ack into the game because that's exactly what I would do with the money.
At that point then maybe I can buy $2000 worth of SPT and $2000 worth of DEC and $2000 worth of SPS. It's all theoretical but I'm at least trying to aim at something. Of course this is making a lot of assumptions that the packs will sell out instantly before the airdrops end and then that I would be able to also sell them at that price. The biggest concern is how low will the packs actually drop to once double voucher's start appearing on the scene?
Any thoughts or suggestions?
#SPLINTERLANDS #SPT #ONEUP #LEOFINANCE #HIVEGAMING #CRYPTO #PLAY2EARN #BATTLE #MONEY #PALNET
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Most of the value of vouchers comes from the promo cards and a bit from the SPS airdrops that comes from the 300cp per pack you get. Vouchers will not keep that value after presale and they will give double the vouchers.
Theorically, vouchers should be much less valuable but what I understood with the presale here is that:
1- FOMO is really hard
2- Team is pushing as much as they can to keep value of vouchers saying that they will be required to get all the best things in the game in the future even if they still don't know what it is.
3- People spend like crazy and they don't even know what they are doing and aren't any good at maths.
With all those things in mind, you can be sure that the price of vouchers, even if it drops, will never drop as much as it should. Therefore, I don't think that the value of vouchers will drop any further than 4$ each and I wouldn't be surprised to see 6 or even 8$ at some points which is ridiculous considering that you will be able to buy packs at 4$ just after that.
Agroed said that he thought that there would be enough packs for those that want to buy and that he would be surprised that they sell quick. IMHO, I wouldn't be surprised to see them disappeared within a few hours if the servers can take the load.
Yeah i will not be buying any vouchers but I will be buying the packs only off the market. I know the 1 million pre airdrop card will still be possible get for the first 3 million they want to sell so people will be buying and selling lots of packs.
But buying of the market you make a cross on all the associated benefits and future airdrops. Packs should sell under 4$ on the market otherwise you are making a bad deal.
What i see is a nice and planned investment strategy.
I hope things turns out just as you expected. Diving into other projects is a more preferred choice when investing.
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Thank You! I am trying to plan ahead and see what I can possibly come up with before it goes crazy.
You are always welcome.
It's a good thing to plan ahead, and who knows what might happen when things goes even crazier and hit up to 5× at the end.
Posted using LeoFinance Mobile
I've read that following the pre-sale the plan is to potentially keep the need for vouchers to prevent the new cards flooding the market and everything being bought up immediately. They have said there will be a point that the packs can be purchased without vouchers but I don't think that will be right away. Not sure what you've heard or if this effects your planning, but I thought I'd mention it.
My understanding was that a total of 3 million packs will be using the voucher system before the public opening begins. I might be wrong here but if that's the case I'm still wondering if the presale will be able to sell all the 1 million packs they are trying to get through.
Buying presale has advantage if you can buy some 870+ packs otherwise I think we should wait for presale 2 when Voucher price will be dropped or no voucher required. (from r1s2g3)
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I'm going to wait for phase 2 or presale 2 and see how many packs I will be able to purchase. I think the packs might be cheapest when they near the end of the second sale because then they will no longer be required but I'm waiting to find out and see what ends up happening.
Seems like a solid plan to me.
Posted Using LeoFinance Beta