Splinterlands Sunday!: Collection Value Update and Review

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The week in between Season ends are always interesting as it gives me the time to focus on different areas surrounding my Collection. Whereas in the past, most of my focus has been around improving and upgrading my Collection for competition, I have taken the last month or so to really sit and look at my Collection in general to assess its performance. I knew that it has performed well as my timing in going all in last Summer was almost optimal and it has enormously benefited me despite the recent declines we have seen from the launch of the Untamed version cards.

However, the process has also highlighted the painful reality that has been the Steem bear market in the same time period as the analysis also include me accounting for the losses from exchanging my Steem and SBD for cards. I had known that the amount of Steem and SBD spent was large but when I realized how much I lost on the currencies I had purchased, I got a sweet and sour feeling. At least it will probably help me with my taxes for the year as it will help offset some gains in other places.

Some of these figures are dated from year end 2019 so they may have changed but they continue to be consistent directionally which is the important consideration for me as long term investments need to perform over time. I also consolidated what I would consider my cost basis for my Collection although it was perfect as I missed accounting for a couple of small items like purchases of Potions over time. My total cost of my Collection has been $12,990.31 USD when consolidated. This has included almost 13,000 Steem, 300 SBD, 250,000 Dark Energy Crystals, and another almost $9,000 USD fiat in total! As mentioned, the worst part of my analysis is that I incurred in about $8,000 USD in losses from the Steem and SBD used to purchase cards.

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On a positive note is that the investments in cards for my Collection in addition to some changes over at the @peakmonsters marketplace, I have now gotten into Tier 6 of the rewards program and call myself a proud “Defender of Monsters!” I have no doubt after my review that the efforts and investment of resources has been worth it as many metrics have seen great results. While I am still compiling information for my quarterly review of Steem for my account, Splinterlands has become my main source of earnings in the ecosystem as earning from playing in addition to renting my assets on the market has provided for interesting returns. While they have not been consistent given the evolving competitiveness of the community, it is surely an encouraging metric to follow over time.

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@peakmonsters has my Collection valued between $8,000 and $15,000 depending on how one measures value. Given my frequent use of their market price, I am comfortable using their $12,628 valuation of my Collection. However, I also had held on to a good number of Booster Packs and Orbs which have also fluctuated in value as of late on the Steem Engine market with Untamed being as low as $1.20 and Betas being around $2.66 as well. Taking these into consideration and excluding by 200k+ DEC, my estimate for my Collection lands at around $16,000! I had to calculate it more than once because it amazed me in reality that this could happen at the same time that most crypto related assets actually felt significantly in price!

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Other methodologies could yield different results but the direction is clearly positive relative to the cost basis I have developed. Having a Collection of Splinterlands has surely helped with my resource availability in the Steem ecosystem which has been challenging during the same timeframe. I hear many now moving back toward Steem Power and their currencies but I am not there yet as having my Collection continues to provide great benefits like entertainment from playing and income from competing and renting cards. I also continue to believe that diversification is a key aspect in any investment and being able to do so in the Steem ecosystem is a great way to leverage its potential.

There are many ways to measure the performance and although it is not complete given the earnings potential it has provided my Steem account, My thought is that having an asset such as my Collection being value around 22% higher than my cost is a positive indicator; particularly considering the environment we have seen in the Blockchain and cryptocurrency asset class. As the game, its developers, and the community continues to grow and evolve, the future seems bright as the potential to continue to add value is encouraging as the economy of the game has started to provide how a Blockchain based game can add value to all stakeholders.

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DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.



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3 comments
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The value of your collection is not your primary concern to play Splinterland game?

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Not at all! I am realizing value by earning more assets as I play and grow the Collection. My focus on achieving the higher levels of competition are more important to me as the yield on my Collection improves. Given the economics of the game where cards become more scarce, the value is secondary in the long term as long as it attracts new players and grows.

Posted using Partiko iOS

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I worry over the long term about the project growing, but it seems to be doing a good job at diversifying over the Tron and Ethereum platforms as well. I think this is crucial for long term survival of projects in the space.

It's awesome seeing your hard work pay off and the cards have definitely been a blessing in the crypto bear market. I'm interested to see how they perform in the bull market and have made a bet recently that Steem will outperform the cards in the bull market, but only time will tell.

I never got as competitive in the space as you seem to be and probably another reason why I've taken a different approach of long term investing in the sealed packs rather than trying to track and sell or accumulate individual cards as I just don't have the time either. It will be an interesting time in the future if these cards loss some value to see who are the big players that take the chance to step in and start accumulating more.

Best of luck and awesome to see a 20% return in around a year or so!

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