Should you Consider the Price of DEC when Buying and Selling Cards?
Is it better buy or sell when DEC is High?
The price of DEC is only one of many factors you want to consider, but please don't forget it! At the time of this post, the Dec price is 10.01 USD per 1000 DEC, which has lead some Splinterlands Players to ask, is now a good time to buy or sell cards?
To answer this question, lets consider a real world example: I sold a Dragon Jumper for 105.0 USD on 9/29/21 for liquid DEC that I held for airdrops.
I then bought back a Dragon Jumper on 10/2/21 for 107.9 USD. Did I make a Profit, Loss, Or Breakeven?
The answer in just a bit. The Price of DEC is a question that needs to consider other factors involving supply and demand such as print run, historic pricing, rotation, and many others. This is simply one aspect of buying and selling cards to consider-- Just because DEC is High or Low does not necessarily mean it's a good idea to buy or sell. Nothing in this post constititutes finanical advice, and I'm very ignorant of Crypto. My background is mostly in buying and selling MTG cards and sealed product.
The answer to the question above is that I made a profit of almost 2K DEC. on 9/29/21, I received 13399.523 DEC for the Dragon Jumper, and I then turned around and bought the Dragon Jumper for 11636.853 DEC on 10/02/21.
When DEC is high, especially if you expect it to go lower, then buying cards will provide more DEC total if you then sell that card back when DEC is low. This is good if you expect DEC to go back up again.
I would not take this to mean that when DEC is high BUY BUY BUY, and when DEC is low SELL SELL SELL, but it is one of many things you shouldn't forget to consider! I hope you found this interesting, and I wish you the best of luck! Nothing in this post constitutes financial advice, as I am not a Financial adviser. These are only my opinions; May the Force Be With You.
If you are interested in playing splinterlands, please feel free to use my affiliate linik, and message Niro#1171 on discord to get some free delegation goodies.
I wish I knew this stuff when I was just starting, I could have sold some cards in the dip
Spot on! This clearly helps me stop wondering why after the eos, the prices of the cards should've gone lower because of most people canceling rentals after the eos that adds up to the available supply in the market, however it just kept rising till today, it could be possible that traders of cards follows prices relative to the price of dec.
I think DEC will do very well in the future. THink decades down the road, when the real scarcity starts. Thanks for using the 1UP hashtag
I agree, I think DEC may be one of the biggest factors atm for card flipping
good point !PIZZA
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very smart! congratulations and thank you for the insight. i will have to pay closer attention to that