SPT - The only way is Up?
I've enjoyed buying the odd several thousand SPT over the past few months, every now and then, and I ramped up my purchases over the last month because of the coming SPS drop.
SPT tokens seemed like a relatively cheap way of getting more of an SPS drop! (And NB don't forget to stake them to an active account if you want a drop!).
I managed to accumulate getting on for 700K tokens all in all, over the last several months, so not far off 1M once you factor in those juicy curation returns!
Seems like I'm not the only one who has been thinking along these lines, stacking more SPT for those SPS!!! Check out the recent price action....
The thing is, the SPS drop goes on for a whole year, right?!? So surely there's going to be continued upward pressure on the price as most people hodl them for their SPS.
I guess the only thing that can create sell pressure on SPT is if the SPS tokens end up being so worthless it's not worth holding onto some of the more liquid Splinterlands assets to accumulate them, compared to the major game assets (cards/ land).
So maybe it's not a case of the only way is up!?!
My own strategy is to carry on buying, but less, so just a couple of thousand at a time, rather than the larger chunks of 20-30K I've bought in the past.
I've sold a little on the way up as well, no where near what I've bought, but it all helps with the accumulation!
I like my SPT anyway, it's a nice almost no-brainer earner writing about Splinterlands and there's always plenty of curation targets given the various weekly competitions out there!
Posted Using LeoFinance Beta
Wow amazing analysis. Thanks for sharing
SPT has been one of the rare tokens I have seen as fundamentally undervalued based on the use case potential and I have been in full accumulation mode at below 0.00025$ price. Leasing it out to @monster-curator also gives a nice passive stream of extra SPT daily (mostly offsetting the high inflation) and It's nice to see it was implemented in the SPS Airdrop. (that alone will likely pay back the investment) I'm still hoping it will get more use cases like cosmetic items in the game toward the future.
Not much trading volume but nice to see SPT if fully holding up in price during the recent crypto dip.
Posted Using LeoFinance Beta
I wasn't aware you could lease it to @monster-curator - what's the return like?!?
Posted Using LeoFinance Beta
I'm leasing the returns I'm getting each day and keep track of the actual returns which on average are 0.08%-0.1% on a daily basis. I can highly recommend @monster-curator as it saves up so much time in curation. Especially for something like Splintertalk, it's not a bad thing to have curation more centralized by 1 group really rewarding those that put some good effort in their Splinterlands posts.
Posted Using LeoFinance Beta
Do you just delegate to get in on this?
That's about a 32% return by my calculation which is pretty decent!
Posted Using LeoFinance Beta
Yes, just delegate to @monster-curator and you will start getting daily curation rewards automatically (It might take a couple of days before they start)
Posted Using LeoFinance Beta
I just started! Cheers!
Posted Using LeoFinance Beta
Congratulations @revise.leo! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 8000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPI sold some 75K SPT for some 20 Hive a week before the airdrop was announced. (hard luck here..)
But Any way now I am having almost 100K SPT staked.
Posted Using LeoFinance Beta
I think it's one of those tokens that the value is so low there's no point selling it, you may as well hang on to what you've got!
Posted Using LeoFinance Beta
Add to insult , I did buy High and sell low.
when I saw my account after 3 months , I was wondering what these SPT tokens doing in my account and I immediately sold them.
Posted Using LeoFinance Beta
Oh that is annoying but at least it's relatively small sums in dollar terms, I own a stack of SPT, but it's only $10s of dollars!
Posted Using LeoFinance Beta
So you are one of the ones in which I'm in battle with in the SPT market :)
Even at todays prices I think SPT is undervalued. I tried my hand at trading SPT but got caught between a price jump and ended up with extra HIVE instead of extra SPT but that's ok as HIVE is also currently undervalued.
!BEER
I buy a little, I sell a little! I haven't been buying much lately, but the price seems to be coming down again now!
Posted Using LeoFinance Beta
View or trade
BEER.Hey @revise.leo, here is a little bit of
BEERfrom @rentmoney for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I doubt it, surely it will damp too, everything does as markets go up and down.