Splinterlands - Good time to book some profits on SPS
Splinterlands is a good rewarding game on Hive and has been a rewarding game for a few years now. It depends on how the investment happens and how much time someone can spend in the game. I have been continuously accumulating DEC and SPS whenever I get the chance. I have also been holding my assets tight even though I did not have enough time to play the game. The last few weeks have been very busy for me and I did not get a chance to check and review my Splinterlands account. I usually do it at the start of the month and only after 5 days I got the chance now. Yesterday I thought of doing this activity but the website was down for maintenance.
Most of my holdings are in the Liquidity pool. I did not want to keep the tokens idle and that's why I wanted to send my tokens to the liquidity pool. The returns from the liquidity pool are in the form of SPS tokens and it is not high or not very low. I would say it is pretty decent for providing liquidity. I'm still hesitant to take the tokens out of the liquidity pool and book some profits but mostly I might be doing that.
Diesel pool rewards
Diesel pool rewards are in the form of SPS. Most of the rewards for me come from Diesel Pool and this is a good source of passive income for non-players like me. I don't find time to play the game but it appears that the value of the account has also increased a little bit last month after the increase in the price of SPS and at the same time the diesel pool is also giving a good return.
Apart from the above rewards from the Diesel pool, I was also able to receive some rewards for staking SPS. I have staked 100k SPS and that produces staking rewards and on top of that this liquidity pool rewards. Both combined give me close to 2500 SPS per month as passive income which is a great source of income. So far I have been sending them back to the diesel pool and have not sold anything. After looking at the price of SPS in the market, it is not very tempting to sell some SPS and book my profits.
Above is my liquidity position. I have around 100k DEC as liquid funds and on top of that, I have some DEC in the liquidity pool too. I think all combined, I have close to a million DEC inside the liquidity pool itself. The value may not be that great because those were all accumulated for a very long time. But good to see that DEC has now reached its soft peg value. It is so tempting to book some profits on DEC too. I might think a little bit more about that.
My thoughts on Selling SPS
I would personally do some profit booking at this point if I were someone who bought SPS when it was very low. It is not because I don't believe in SPS but it is a precautionary step to book some profits whenever it is available. I was also waiting for DEC to reach its pegged value and now I think it can also be a good time to sell some DEC as it is almost close to 1000 DEC per dollar. I'm thinking of selling a small quantity now as the price is at its peak.
We are just starting with the bull market, and the price of SPS and DEC is already doing very well. Hopefully, after the real bull market starts the price will go even further. Many people would like to invest in the game as the game is progressing well with new updates. I may not have enough time to play my account. I will not be selling my assets anytime soon but at the same time, I'm not planning to stay idle because I would like to book some profits when there is enough time now.
Every month I also do a comparison of my asset value. Compared to last month the value of my asset has increased a little bit. Thanks to the spike in the price of SPS and creating more hope in Splinterlands. This has helped a lot. I still remember during the last bull run the value of my account was close to 50k USD which was insane. I'm not sure if we will be able to see that value again in the coming bull run but so far if the value of the account maintains at around 10k USD, it is still good for me. I have to think about using these cards somehow because currently, I'm keeping them idle.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
 |
 |
 |
Posted Using InLeo Alpha
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited..
This post received an extra 20.00% vote for delegating HP / holding IUC tokens.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
!giphy great
!PIZZA
!DHEDGE
Via Tenor
This post has been selected for upvote from our token accounts by @bhattg! Based on your tags you received upvotes from the following account(s):
- @dhedge.bonus
- @dhedge.leo
- @dhedge.bee
- @dhedge.ctp
- @dhedge.pob
- @dhedge.neoxag
- @dhedge.waiv
- @dhedge.oneup
@bhattg has 12 vote calls left today.
Hold 10 or more DHEDGE to unlock daily dividends. Hold 100 or more DHEDGE to unlock thread votes. Calling in our curation accounts currently has a minimum holding requirement of 100 DHEDGE. The more DHEDGE you hold, the higher upvote you can call in. Buy DHEDGE on Tribaldex or earn some daily by joining one of our many delegation pools at app.dhedge.cc.
$PIZZA slices delivered:
@bhattg(2/10) tipped @bala41288
That SPS is looking healthy and as the next phase of lands releases I can see it ticking up even more as people ape in to build lumber etc. The next few months of Splinterlands are looking bullish.
Yeah hopefully it brings some good fortune in the coming months before or during the next bull run.
Pretty good time to be in the splinterland game
I hear a few people trying to get started.
Yay! 🤗
Your content has been boosted with Ecency Points, by @bala41288.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
I just came to know about SPS yesterday. How much amont I need to play the game
It depends on how you want to play the game. Some people invest more for bigger results and some people invest less and pick a fortune that comes along the way. It all depends.
Thank you so much
It’s always good to take some profits.
Congratulations on your accumulation of SPS and DEC, I hope the bull pumps your bags.
Yeah thanks. Hoping for good times in the next bull run. Let's see. 🤞
People who have invested now when it has come down too much should keep taking profits as it will prove to be very good for them in the future.
Yeah in any investment both booking profits and doing a DCA is important.
Sure, SPS looks great compared to three months ago. But how about two years ago? (Actually, I have no clue where I could obtain this info.) I remember it was pretty high, and has been going down gradually since, but no exact data. I have been keeping my SPS in the pools as well, regularly claiming my rewards and putting them back into the pool. And yes, taking profits is a great idea, but it would be great to know how the price compares over a longer term. Do you have any ideas where I could find a chart that goes back two years?
It is hard to get such charts but during the initial days the price was high. I bought 2000 SPS for 2000 Hive and the price of Hive was over 1$ back then. It was during the initial days and the circulating supply was also very less back then.
To be honest, I don't even remember how I got my SPS. Though one thing is pretty sure: I probably did not invest into it. I used to play Splinterlands for fun at first, but then I kept renting out my cards, as well as participated in all kinds of airdrops and giveaways. For the last year or so my SPS has been sitting in the diesel pool, from where I've been pouring my rewards back into it. However, from looking at the price over the years, I am aware that it has been constantly sinking until very recently. So yeah, no plans of selling, I just would be interested in tracking its value.
Yeah it is not going to sink further but keeping the SPS idle is also not good. Placing them in the diesel pools is good because you get a passive income from that and it would slowly and gradually keep growing.