Oh My Steem, I should have bought more Steem Monsters Cards

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Saw @travelgirl's post on the update of her Splinterlands accounts value so I wanted to check on mine too.

My Steemmonsters/Splinterlands account update

It was 2 weeks ago when I made a post that my combined Steemmonsters accounts value finally reached $10,000. Now, it is worth more than $11,000!

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In just 2 weeks time, the account value had grown by 10%, while Steem, Bitcoin, and almost every altcoin had dropped 20% in this same period. Now remember, Steemmonsters cards are valued in USD$, so we are not affected by any crypto turmoil.

Although I had been buying some beta packs but I had sold more cards from my collection. It is tempting to do some selling given the low Steem price. I hope it continue to stay at this price or drop even lower. Go 10cents Steem!

Steemmonsters Marketcap

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The Steemmonsters marketcap is reflecting the same steady rise too. All time high is broken every week. This is somewhat puzzling because thousands of Beta packs are sold everyday and I am assuming most people will just dump their cards on the market, dropping the prices. So maybe we really have real investors or players getting these packs for their own playing. If so, this is very good news.

When I look at the Steemmonsters market, I could not find any significant price changes in the beta cards. So it must be the Alpha cards that is appreciating these 2 weeks. That explains the increment in my accounts value since half of those value comes from my Alpha max set.

I should have bought more Steem Monsters Cards

And then I saw @exyle's post and I thought the same. I should have bought more Steem Monsters Cards when Steem was at above $1.

In fact, I did buy alot. Couple of thousands packs at that level. And many thousand more as Steem price continues to drop. But what should be a smarter way is to buy cards directly from the market instead of packs.

Those Alpha Gold Foils that he bought with just 60 Steem. 60 Steem!! You can't even buy one single Lord Ariantus with 60 Steem today!

Is it too late now?

Since a few months ago, I had been telling myself that it is too late to invest in these cards now, but Steemmonsters just keep defying that. Cards prices keep going up. Marketcap breaking ATH every week. And my account value increasing too. By playing, my main account and Herons are generating daily income in DEC too.

I am not sure if it is still worth to invest in Steemmonsters cards, especially with such low Steem price. Will the bubble burst soon? Or is this even a bubble? Maybe we are only in the beginning of the greatest investment in a blockchain game?

To help us make such investment decision, I hope to see more statistics of the game especially on new players stats, retention rate, spending per person. Will also help if we have a clearer roadmap of the game, like mobile version, marketing plan, and basically how the game expects to attract new players (which @aggroed always claim to be 10x of current). We had already exhausted the whole Steem community. The Tron campaign did not seem to introduce much new players too. Time to look elsewhere and go for the mainstream gaming community.



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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

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I'm not sure how they calculate their market cap but in my understanding it could be a lot of smoke and mirrors:

When you open a booster pack or claim rewards, are the new cards are added to the market cap? Even if nobody buys them?

Posted using Partiko Android

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Yes that’s right and it should be. 12.5 bitcoins are mined every 5 minutes and counted towards its marketcap, without even exchanging hands.

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Hi, @jrvacation!

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Woohoo!

You have been manually curated by the @steemmonsters team!

Enjoy your juicy upvote and keep creating excellent Splinterlands content!

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