Splinterlands Investment: Riding the Excitement to Long-Term Profitability

We all do want to earn a decent/massive account of profit over our investments. But not all of the projects are gonna pay us a good return right? At the beginning of the project, everyone looks amazing and everyone seems to be excited not all of the projects keep up the excitement for the long term don't you think? Those who did manage to do that are they are doing great indeed. Splinterlands is one of them I am not here from day one but it is good to be part of this amazing project which is basically on Hive steemit and is now popular worldwide on web 3.0 gaming zone and that is really an amazing thing in my opinion don't you think? That is a great achievement.

With more power there are more responsibilities it is an easy task to deal with a lower audience but as the audience did get bigger there are more problems. With problems, there will be solutions and challenges for the project and that is really a good thing if they did manage to overcome the problem.

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There are so many assets in the game that you can invest in and earn a decent amount of profit from it. This post, gave me an idea of how investment in SPS is gonna be a profitable in many ways. SPS is not the only asset of splinterlands, if you are playing this game then I am sure you are aware off all of them. Still, if you don't play the game yet you can invest in via SPS. You do play Splinterlands then you in cards or maybe by cards yes you do have to invest here a decent amount of money to start playing.

Yes, you will get some initial cards but most of them are of level 1 and that is not going to help you in the upper league and yes you have to have staked SPS to climb up the leaderboard. So basically even if you are not playing splinterlands you can invest here has an investment purpose. You can rent the SPS in the market. You can stake your SPS and can earn
a decent amount of APR on the staked SPS you can get GLX token for the staked SPS.
So basically everything is linked if you do check out the price of SPS on day 1 of course the price is low compared to the early days but still, now SPS has more use cases than earlier. Let's see what will be next for the SPS. Most of us seem to wish to the prices yes there is a slide pump on the price because everyone is staking their SPS.

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In my opinion, you should try to invest in SPS specially and take it and leave it maybe for one or 2 years and I am sure you are going have a decent amount of profit with that amount. You have to invest 100 USD right now which is gonna give you around 5k sps. Even if the price remains the same you will get a decent APR on the staked SPS after a year and still you are gonna make money your 100 USD will going to give you more than that I am sure.

For the past week, I am buying SPS not huge but small amounts weekly, and trying to increase my SPS amount. Let's see how this will go. Buying weekly is a good strategy in my opinion rather than buying once a month if you can manage to buy a daily small amount and that can be a more efficient way to invest.

If you do by SPS daily of one hive then by the end of the month you will invest around 30 hives on SPS sure in 30 days the price will go down but if you will calculate the average price then I am sure you are going to be in profit so many opinions buying weekly or daily is better than a month. If you are planning to buy SPS then buy weekly and try to track the price of SPS just have to visit Hive Engine once a day if you think that this is a good time to buy then you should buy it.

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Diversification is always a better investment strategy. I don't want to recommend you buy more and more tokens and make your portfolio more complicated rather than that try to keep a few tokens or assets in your portfolio that did make things easier. If you are in those due to some project then try to exit it if you don't have potential on that project anymore. I sold a few tokens that were giving me pain so I sold out every single one of them and now I am trying to keep my portfolio updated and less complex. The less the better, if you will keep hundred of tokens then you have to look over them if you do have only 10 then you will save a lot of time don't you think?

Not financial advice 🙃

see you in the next post, till then keep learning and keep exploring...

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