P2P Buying and Market Reselling (Extra Income)

in Splinterlands3 years ago

Hi! I'm Harv Vey.

I would like to share some tips on how you can have an extra income beside playing Splinterlands by P2P Buying and Market Reselling. (Risky from Scammers, but I only trade within my Facebook Group "Splinterlands Ph")

First things first, You need some Assets to start. It can be Splintershards (SPS), Dark Energy Crystals (DEC) or some cash. I call it trading, swaping or converting. Mostly I use my Cash to buy Splinterlands Assets like DEC, Cards and SPS.

If you Bought DEC with your Cash, it should be lower than the Market Value. So you could resell it for the same Market Value. Same with buying SPS. For Cards, you can do that too. But the thing is, I am buying Cards from P2P to sell it in the Market. So it will be converted to DEC. And selling it in P2P. The problem with that is, if the Card worth 50$ in the Market. First you need to cover the Market Fee, so you should bought it in -5% Market Fee. And the DEC you will receive is depending on what value the DEC is in the Market. If the DEC sells High in the Market, you will get lower DEC if you sell Cards. If the DEC sells Low in the Market, you will get higher DEC if you sell Cards in the Market. So it is affected by the DEC Market Value. To determine it and to have profit if you want to do the same as I was doing. You need to check the Market Value.

Djinn Biljka (Legendary) (Regular Foil)
The lowest market price is 1965.567 DEC.

The DEC Market Value is $.6
If you want to sell your DEC for same as the Market Value, you should Buy it below the Market Value.

Minimum DEC Value ($.55)
To know how much you should spend on that card, here's the computation.

Lowest Market Price of the Card (1965.567 DEC) Multiplied by 0.05 to know the value of the Market Fee. (1965.567 DEC x 0.05 Market Fee = 98.278 Market Fee) Subtract the equivalent of 5% Market Fee to the Lowest Market Price of the Card (1965.567 DEC - 98.278 Market Fee = 1867.289 DEC) Now, Multiply the Lowest Market Price DEC Value of the Card to your Minimum DEC Value of buying Cards (1867.289 DEC x .55 Minimum Value = 1027 DEC)

Now, you can offer from 20$ to 20.6$ for the Card. Your profit will be the the Middle of the DEC Market Value ($.6) and your Minimum Value of buying Cards ($.55) = $.05% Profit.

If you think it's not much. Here's the complete value of the profit for DEC or Cash.

Lowest Market Price Value of the Card Subtracted by the 5% Market Fee you get 1867.289 DEC and Multiply it by the DEC Market Value of $.6 = 22.4$

If you bought it by 20$ your profit is 2.4$.
It is much for just 1 Card. So what if you bought an entire set of Cards? It will be a Gold Mine.