Splinterlands Portfolio...

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The BTC halving is upon us. A series of events are upcoming. Anticipation is surging! Crypto enthusiasts are trying their best to make something out in this bull run. So much to take care of during the year of 2024.

Amidst all this, unlike others I as well was expecting some decent returns on the investments that I made over the last couple of months. Some of my investments have been getting me decent returns, while some has been dust on the other hand few of my investments are not performing the way that I speculated while I was investing upon them.

One of my biggest expectations from this bull run is from Splinterlands. The current scenario is somewhat unexpected. Watching the team continuously upgrading the game in one or another is somehow a relief. Although, there are quite a lot of tense around the game at the current moment. Although, there were situations in the past where it felt like, this is probably it for Splinterlands but they have made their come back in a very splendid way. I really am desiring to see this situation once again coming to reality.

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My account worth!

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The decline of price of cards have been significant over the last couple of days. My value of cards became less than half as of today. Now that I remember, I am currently holding cards worth little over $700. Which was more than $1500 while I upgraded my deck in the past. That being said this is one of the worse time to get out of Splinterlands. As the depreciation of price of cards in significant. I do not want to take that impermanent loss for the time being. Once the price appreciation goes to a positive side we will see much more major upside in this values.

At this moment, my major concern is about SPS. The price has plummeted over the last couple of days quite significantly. Which led to the price reaching almost its lowest. Even though, my portfolio in terms of SPS ($ value) has decreased by 1/3 of its value considering this years ATH. I am still holding onto my bags. At this point I do not want to get out of this bag. As the unrealized loss that I will take if I get out, it will be very very difficult to recover from this point. Which is why, I am DCA at this point and restaking my SPS rewards.

In addition, I took a hit in Validator Node Lienses. Even though the upgrade task of Node license is at halt for the time being but the there are certain aspects that I am positive about. Which is the governance! Since Splinterlands is moving towards decentralization Validator Node License will eventually come into play. And when that happens we will some decent returns from these validator Node Licenses. Up until then I am holding onto them.

In addition I do have some SPLINTERLANDS packs. Yeah, those are also not in a very good condition at the moment.

Overall, my portfolio took a hit even in this bull market. But apparently, I am somehow positive about Splinterlands. There are couple of reasons

• OG investors (few whales that I know of) are still positive about the game
• Lets admit the game is fun and exciting
• It is printing money (maybe not in the context that we are wanting)
• The team is still delivering

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Yeah, your investments, it should be your decision. I am still going to keep my journey ongoing with Splinterlands. Which is why, I might not be able to jump in like before in terms of investments but in some places I would rather DCA in my investments. Which might give me some promising returns in the upcoming days.

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These are just my opinion for the time being! No financial advice is provided in the post!

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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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Posted Using InLeo Alpha