Splinterlands - Is it a Buyer's Market?
There is a lot of FUD going on in the cryptocurrency market. Especially with what Terra chain has been doing lately.
However today I was looking through the card market in search for a deal. What caught my eyes was that there were some cards lower in $ value relative to what I had seen about a week ago.
No longer printing the Doctor Blight is the lowest price I seen in a while. Then there were real nice Chaos legends.
The price of DEC have drop to near peg so it would cost more DEC to purchase the cards. On the other hand the price to bcx has drop so this mechanics of DEC per bcx versus price per bcx maybe playing tricks with me.
Indeed this was the case when I reviewed peakmonsters.com's tool on price above burn rate. The ratio the tool uses is DEC per bcx. Since DEC price dropped it takes more DEC to purchase the card. In the end it is costing more than 3x the value of the actual card and its is the cheapest of Chaos.
Even with reward cars the DEC per bcx is 2.5x. This is not a steal relative to the DEC spend. Not ideal to be buying right now based on the DEC to bcx ratio.
Conclusions
I was looking at $ per card at the get go but got tricked believing that current market conditions have cards cheaper. When in reality it is the drop in DEC that is likely the cause of the $ drop in cards. Still the price decline in DEC is faster and steeper than the actual $ price of the cards.
For now I would hold out a bit longer awaiting to see if card prices trend lower in the near future.
Until next time thanks for reading!!!
https://images.ecency.com/p/HNWT6DgoBc1692QWn5trsLBYecSp3jKD1kzdmSDR4FGzPSXomkgLtisN5TzrwHTsD1D4ocqDPHpFztKzeH4ibh1vQVU3d3dSaB6VYJ1U3RdsSDi5spmdafX25ph.webp?format=webp&mode=fit
I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
I just took this opportunity to sell one of my gold legendaries for $1150 yesterday. I noticed someone had a bid in for in on peakmonsters so I sold as quickly as I could thinking about those airdrop points for the next 75 days. With DEC already below .0012 it can only really fall another 20% if you hold until the airdrop ends and CL packs bouy its price. And right now you get tons of DEC for selling because it's so low priced.
I got 950k dec for it which meant even though I got rid of a card worth 50k cp, my airdrop points went up by 900k. That was an extra 52 SPS I got today.
If you are renting out cards there are a few decent buys. Mostly though its not a buyers or a sellers market. Buyers spend way too much DEC and get a card that's plummeting in value and sellers are battling to have the lowest price amongst more and more competition and no buyers.
!LOLZ
!WINE
Posted Using LeoFinance Beta
Congratulations, @imno You Successfully Shared 0.200 WINEX With @mawit07.
You Earned 0.200 WINEX As Curation Reward.
You Utilized 2/3 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.300
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
lolztoken.com
He tells her about his job.
Credit: marshmellowman
@mawit07, I sent you an $LOLZ on behalf of @imno
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(2/10)
The value of DEC has been dropping for a while now and I think the card's fiat values continue to decline. It makes me wonder what the sellers are doing and whether or not they bought it just for the airdrop or for a profit.
Posted Using LeoFinance Beta
I think a lot of people are giving up right now. Everytime I start thinking there's just a few sellers holding prices down and they start getting low on inventory, all of the sudden two of three new power sellers pop up and haphazardly drop the price.
There's still no buyers though so no matter how low they drop, the cards just sit there. The only cards that are selling right now are the ewer cards and there are so many of those out there that they can't be bought fast enough to stop the decline.
I really wish there were better tools for tracking card buys and sells by individuals.
Posted Using LeoFinance Beta
I use DEC to buy cards so it's not looking that great but most things that I buy tend to also get rented on the market. So I think the extra costs will pay off for themselves over time. However, I don't really see things changing that much until the DEC prices go up but I don't see that very likely.
Posted Using LeoFinance Beta
The DEC ti buy cards is expensive. I sold cards at 7 times DEC. By the time you buy cards it's risen to 10 near peg. So it's costs me 50% more. The best scenario is to sell and buy cards at the same time. Or just HODL the DEC !
This is same thing I think about these cards, I don’t think they are getting cheaper, just the value of DEC getting lower. If a card cost 100DEC for let’s say $1, if DEC goes lower it will be worth lesser than $1 to may be $0.7.
Posted using LeoFinance Mobile