Another Splinterlands investment! At least a ROI of 300% is expected!
Well I was thinking about bailing out on Splinterlands due to the fact that my card collections did rise to an unimaginable value! But after looking and some things, I decided to stay and take the risk to loose it all. Loosing it all, it is big sentence because I do have recovered all my investments already. And I am cashing out around $20 on a daily basis!
Currently I am playing with 2 accounts. My main account which has lots of cards and my secondary account where I did start with only a spell book. I did start playing again with the secondary account to see if it was still possible to make a profit when stepping in now!
Before I will tell about my investment, let's have a look at the status of my secondary account!
Simplylars
So far I did earn 900 DEC with playing the game. 900 DEC has a current value of $5.67. So by just playing I did already recover 50% of my initial investment.
But I also did earn some cards already!
So that does add another $2.22 to the pocket.
But there is more. Buy playing, having cards and DEC I do also earn some SPS tokens. This is the governance token of Splinterlands.
What about that! Just for playing! I could sell them and get $9.83 back. But I decided to stake them, which does earn me some interest over the staked tokens!
So within 3 weeks of playing I not only managed to recover my investment, but I am already in the green. A profit of $7, that is a ROI of 70%. And will only increase!
The problem is that I do get only 1 box per daily quest! With 33% chance on DEC, 33% on a card and 33% on some potion and a 1% on whopping 2K DEC.
Investment!
So this is where my investment does come in. You can buy potion quests. For each potion quest you do get 5 extra cards for completing the daily quest. So for my alt account, it does increase from 1 to 6 cards. Increasing my chances on a legendary card!
No while I am not stupid I am not a smart ass. So I decided to follow the lead of one of my mates (Costanza) who did write an excellent post about it! His post can be found on https://peakd.com/hive-167922/@costanza/splinterlands-or-reasons-i-m-buying-quest-potions
If his calculations are correct, than you can expect a ROI of 400% on purchasing the potion quest! Changes are slim if you only buy 1 potion quest, so I decided to buy 100 potions quests for each account! This did result into an investment of roughly $143. So I do expect a profit of around $300. Not bad for an investment and an investment where there is a big chance that the cards you do have will rise in value. Not only that with the increase value of cards you do have, you will also get more SPS airdropped on a daily basis for the next 349 days!
The next 114 days!
So for the next 114 days, I can open 10 extra boxes. At total of 1140 boxes for free!
I do have a daily investment of $1.25. There will be days that I will earn less, but I do expect that there will also be days that I will knock the ball out of the park!
The first extra boxes are already opened. I did earn $0.32 in DEC and $0.46 in cards. So the start was below par with a daily extra earning of $0.78. But it is a start and a investment which does compound on a daily basis!
For my alt account the math is pretty simple, because I normally would get only 1 box per day, for my alt account this does differ because I do get there 10 boxes per day! So, make a fair calculation, I will only use the 5 last boxes to calculate my ROI!
These were my boxes from today's quest with my main account!
To bad the Epic Tortillo the Frozen wasn't within the last 5 boxes! Otherwise we would have started this quest with an great start!
If you do wonder how much value my total card collection is, well that is a whopping $23K. Indeed pay attention to the K :). This make you understand why I was thinking about cashing out!
As you can see it is still not to late to join the party. If you do like to join, feel free to use my ref link and drop me a note, maybe I can delegate some cards to you for free!
https://splinterlands.com?ref=fullcoverbetting
Cheers,
Peter
25k in Splinterlands cards? That's huge! You still need to sell them all (and find someone to buy them) in order to really cash out of course, but the (virtual) value is really amazingly high. I clearly missed out on this opportunity 😅
For sure it is! But looking at my alt account it is still not to late and earn! I di expect that if you start now that you could have earned your invested back within 3 weeks! With lots of luck even within one day!
I'm sure you can still make a profit. Fortunately I do already get some return thanks to @spinvest which did invest long time ago. Will have another thought on getting involved myself.
Don't overthink it too much. The spellbook does cost only $10. I am pretty confident that you will get a positive return on it. Not to mention that you can start using the SPT tag in the posts, which does increase the SPS earnings on a daily basis. Of course plus the Hive earned with those posts!
To be honest it is a no brainer!
You're right. Especially with the current (high) price of Hive, what should not be too much of a risk.
It for sure wouldn't be. Let me know if you do have any questions, maybe/probably I do know the answer!
I will! Turned out I even got some SPS thanks to the one card I won long time ago. Got back the first $2 already 👌
You are already ahead of plan!
Well, here's a question: It turned out I had a Beta edition booster pack (which I found browsing the site at "Open" and was probably also the reason I got the SPS airdrop in the first place). I opened it and only later found out it was worth more than 100 Hive right now (much more than the individual card values that came out of it). Should I have kept it closed?
You could have sold it on Hive-Engine. They do sell there for 165 Hive.
But this can't be undone.
I thought so. Noob mistake then haha
Forgot the !BEER again!
Thanks! Cheers to that!
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BEER.That is pretty awesome. I sold a bunch of my cards a while ago. I wish I had held onto them a little longer. Who knew they were going to come out with SPS and it was going to change the playing field so immensely! I used to have three accounts but I consolidated them all down to one a while ago. I might have to buy some of those potions!
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I am pretty confident that I will be able to have at least my potion investment back, but probably even more!
That is cool! I just picked up 10 potions with some of my spare DEC.
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Got in about 2 (or 3?) weeks ago and after an initial investment of about 30€, I only rent cards. At times, it is painful, but all in all I gain 100 DEC per day after rental costs. Not bad in my opinion, and I try to climb through the ranks. A steady Silver III is my medium-term goal. Maybe after 2 or 3 another seasons, that could be a reality. This slow but steady approach works very well for me.
Slow is good enough! If you invest too much, I could be troublesome to get your investment back!