Purchasing SPS || Few Modications

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At this present situation, where almost everyone is expecting a bull run, it is quite difficult to maximize where to put your funds for our portfolio. This is where your previous scrutiny and every ounce of efforts of the past comes into play. You do know where your priorities are! You are aware of the projects which might do some wonders in the upcoming days. This is where your money gets into. I am slowly doing DCA in my long term portfolio. I have shared a post regarding my portfolio for the upcoming bull run check it here.

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One of the most easiest way to get hands on your token/coin is via CEX. Deposit your money and just buy them at your convenient price point without putting pressure on the liquidity. While this is for those who are willing to give up their KYC update to any particular CEX's. On the other hand, there are DEX's which plays a crucial role in buying a particular tokens/coins by being anonymous. In above phases there are pros and cons. Although, most of the fun for trading/liquidity happens in CEX\s. Which is why having a pair of a particular token in Tier 1 Cex's provides more and more exposure to a mass community. This is where SPS seems to be left behind a little.

I was lurking to purchase some SPS. There were three best ways to get SPS

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• The best option seemed to be CEX's. Upon exploring, I found out it was quite not possible to get this much liquidity out from the sell orders. And if I buy at market price, it will hit couple of more cents than I am intending to buy. Which is why this option had to be left out.

• Tribaldex seemed to be my second option. This is where I had to buy HIVE from a particular CEX but later on I had to bring it over to HIVE platform. Upon doing so, I had to bring it back to Hive-Engine. So there's a fee involved in all steps. Also the price ratio had to be on my range.

• Pancakeswap seemed to be the best option. Upon comparing the prices from all three options, PC gave me the best return even after the fees and all.

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I am thinking if only we would had enough options to get SPS from the market, there are multiple scenarios which could have been avoided. For example lets say when a whale intends to buy SPS from DEX, he will for sure pump the price of the token for a bit. Which will definitely collect the attention of others. Thus people usually rushes to get their bag and selling pressure increases. On the other hand, when a whale intends to sell SPS, just think what will happen. It will for sure dump the price on a huge scale. resulting in panic and probably even add more sell pressure along the road.

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Hopefully in the coming days, we will get to see a Tier 1 listing for SPS and moreover we will witness a good pump in its price. And not to forget, we need more and more easier access to our token in order for it to get more and more visibility. Lets see what actually happens in the coming days for us all.

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_{Image Source: Splinterlands}

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Best regards

Rehan

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Want to play & earn from Splinterlands

Join via, My Referral link

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