Chaos Legion is coming! So I'm not buying anything else!

in Splinterlands3 years ago (edited)
Heads up: I'm no longer using the #proofofbrain tag in my Splinterlands posts

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All out, then all in

I'm holding. Everything I've got? For sale on the market. Why? Because Chaos Legion is coming, and I want to be prepared for it. Boosters are always sold for $2 each, and that's going to bring DEC prices closer to the soft peg. After all, many mechanisms in the Splinterlands crypto game are designed to bring up the value when 1000 DEC is below $1 and bring down the value when it's above $1, such as daily quest potions, much higher DEC distribution when its price is much higher than the peg, and of course, regular booster prices.

Like ORBS, DICE packs can't be purchased using credits. And just like Untamed, Beta and maybe Alpha (I don't remember), Chaos Legion packs can be purchased using either credits ($2) or DEC. So here I am, scared of holding DEC because it's going to drop like 50% when Chaos Legion releases, just carefully holding HBD in savings until I can get my hands on early access packs. I've got 500 SPS staked - hopefully that'll be enough.

Saving up another 500 or so meanwhile. I don't want it locked, because if I do have enough SPS staked, Chaos Legion releasing means a spike SPS prices as people buy it for staking privileges like early access and discounts, so I'm selling. If I don't have enough, I think my unstaked SPS will make do, so I'll take it then, not earlier than that. 50-50 then. My SPT + my accounts' airdrops sum up to a $30 every day, so hopefully it will be fine.

1,000 USD. That's the value I want to spend on Chaos Legion as soon as it's out. Hey, I think that's going to earn me the maverick role instantly... Sweet. Consider I'll reinvest most of the money during the entire Chaos Legion season, I'm hoping I'll have at least 50,000 USD when its packs finally sell out in a couple of years. That's my plan. What's yours?

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Thank you.

Interesting analysis. At the moment DEC is earning a fantastic ROI from the SPS airdrop. That’s another reason why the price remains so high.

Actually, I think control over the SPS airdrop is only one thing in the equation.

  1. SPS airdrop. Not selling is good for everyone.

  2. Rentals. Everyone is renting now, so they don't sell their DEC, they just rent even more stuff.

  3. Player boom. There's a swarm of interested buyers looking for whatever DEC isn't being held, not limited to but including reasons 1 and 2.

The tension for me is while I know DEC will crash it is currently the best earner of SPS even at inflated rates, no card buying will compare so do I hold for sos, cash out or just wait ?

The other thought is what if time staked counts for more then total staked?

do I hold for sps, cash out or just wait ?

Number one rule in gambling: never gamble money you can't afford to lose. That's why holding DEC scared me too much... First, I'm going to finish saving up to 1k USD while holding 0 DEC. When I meet that goal, I'll stake SPS up to 1000. Finally, when both of those are set up, I will convert to DEC 100% of whatever new earnings coming in and hold it until Chaos is finally out.

The other thought is what if time staked counts for more then total staked?

Oh, I doubt that. I mean, unstaking takes an entire month anyway! We get 25% of the amount we want to unstake on a weekly basis. That's already risk enough.

Nice plan! Thanks for taking the time to explain!

Could anyone please tell me: how much staked SPS is enough for pre-sales Chaos Legion?

info not yet available

Amigo valeu! Seu relato é um incentivo para mim que sou novato farmando U$ 3,00 por dia com cartas lvl 1 inclusive as de aluguel... Consegui chegar a Ouro III e meu objetivo de curto prazo é chegar a farmar U$ 10,00 por dia. estava jogando muito e deixei minha "rate" descer demais... agora estou dando um tempo para que suba e também vou começar a usar as cartas de Alfa e cartas Gold nas partidas... Caso iniciantes leiam esse post vou recomendar o canal do Buldog1205 lá no YouTube. Assistir as lives e principalmente os vídeos para "Beginners" me ajudou demais. Espero poder comprar alguns packs também... Parabéns pela postagem e bom jogo a todos. GG!

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