RE: Week 28 of the 52 Week Pack challenge I open a pack a week of Splinte ...
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That's a good return in my eyes and on top of that you're also having fun in the game :)
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YTD is good. Weekly is a rollercoaster! It helps that card values improved this season.
This is just my guess; I think that you will get a much better return by the time more and more people will join the game, as the demand will increase as well.
Just curious, how liquid the cards are? Will you be able to sell it right away?
Cards are liquid. There's a market for almost all cards, but the high value cards don't sell as quickly. The growth in Splinterlands for new players is pretty flat. I hope it will grow, but it may have reached it's maturity level. Hard to predict, but play2earn is only as good as the next big thing.
I think so too. That's why I'm having doubts if it's worth the try to learn about the game and actually invest in it. I'm gonna have to do some more digging :)
I've been at it for a year now. What I have decided is that the investment must be able to stand on its on legs. There's a lot of noise that things are about to blow up, moon, reach critical max, flywheel and lots of other busy words. But for this year, my focus is "What is it doing for me today?" If the game/investment/strategy isn't able to support itself with growth and dividends, then it's not for me. Ask me in a year, and I will let you know if I recouped my losses and ended with a profit.
I just bookmarked your comment (it's a first for me).
What you said here is worth keeping, so I can have something to think about and will be considered on my next move. I enjoy my interaction with you.
Btw, I noticed a bot "auto downvoting" you, it's annoying that it's blindly downvoting without even vetting the content. Anyway, I will move on :) ~ you may ignore this part of my comment.
I am glad to be bookmarked. Interaction is where we learn. I might not be the best source of good advice, but I don't mind sharing my failures. I am working out my 2023 plan. 2022 was an experimental year for me in crypto, NFTs, play2earn. If I could do it over again, I would, but probably with the bulk of the investment later in 2022. I ended up with some purchases/investments at the higher points of Hive and Splinterlands, and that makes the total portfolio underwater. That said, as of January 2023, I have been able to put $15 a day into HBD from Hive dividends (author, curation) and Splinterlands dividends (card rentals, staking rewards). I have a year-end HBD goal. My goal is to be back to par with the initial investment converted into HBD. Hopefully, the value of Hive and Splinterlands assets will also have recovered so that I have the initial investment recouped and still a strong investment in Hive/HP and Splinterlands assets (SPS, DEC, Cards, Nodes).
With a $15 daily HBD savings + compounding effect of the 20% interest + reinvesting dividends to HBD savings; this is definitely a sound plan to grow your investment. This is dope!
I'm currently focusing on building my HP and as soon as I reach my goal, I will definitely follow this scheme. I think that it's good to diversify instead of focusing on a single asset like HP. Someday - hopefully soon, I will be able to follow your track :) I'm fired up!