I am opening 52 packs in 52 weeks of Splinterlands Chaos Legion. This week hurt pretty bad with a return of $0.44. Ouch to the ouch. Pack opening is at the end of this post. Let's find some good in today instead!
So, let's focus on a few positives today.
HIVE
From Coingecko, we can see that Hive is at $0.29. Maybe we'll break back into the $0.30s today. Hive is up for the last 7 days. Crypto might be putting most of the bad news in the past. Memory is short in crypto.
As usual, Hive tracks Bitcoin. BTC is up. Hive is up. I moved 60 Hive to HBD today. I think Hive will go higher, but I have a long-term strategy to build HBD in 2023. So it was part of my dollar cost averaging.
SPLINTERLAND ASSETS
DEC hasn't changed much after dropping last week. SPS is showin some turnaround. Looks like GLX has hit a level where it hangs out without much change around $0.032. And Chaos packs have started recovering from the $1.30s to the $1.50s. Above image from Tribaldex.
Also, I thought this was a good article on SPS. https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-sps-first-green-weekly-candle Thanks @tobetada for the analysis. I like to see the green candle!
So, how's my pack return going?
I purchased the packs at around $2.25 on Tribaldex, which is a great discount from the retail price of $4 a pack on Splinterlands. Well, it once was. Now with packs around $1.50, it seems like I overpaid.
But will I have a profit at the end of the year?
Again not this week. The return on this pack was a shabby $0.44. There's a few low level renters, but there just isn't much in this back that redeems itself.
The cumulative cost at this point is $58.50, while the return is now at $62.68. The gap continues to narrow!
If you want to play a great Play 2 Earn game, use my referral code for 5 free cards delegated to you for the first 30 days and a bonus of 5 free cards given to you if purchase a Summoner's Spellbook https://splinterlands.com?ref=methodofmad
Wish you best of luck with your packs openings, don't worry, you will get some awesome cards in the comings weeks, which will fly away your sadness of today. Gladly the king of crypto has shown some good sign with some green candles, hopefully it will continue.
Thanks. I am hanging in there. The hardest part is the inflation. I should have waited to buy packs each week. That would have helped offset the drop in card values. I probably should start mentioning that DCA is a better option when buying packs to open.
DCA Dollar cost averaging. !hbits
Yes , DCA must these days to get ROI as soon as possible.
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so investment in packs now better than before:)
any idea when will be new packs?:) i know we burning some packs, some opened, but any eta when chaos ends?
planing to grab at the ending like 100 packs.
15 million packs will be sold. Around 12.3 million have been sold so far.
!PIZZA
Net positive over the year so far, with the ability to play or rent those cards, looking good! Thanks for sharing on sloth.buzz!
Posted using sloth.buzz
Bro are you a member of Hive Engagement League?
Nope. I haven't heard of it.
Check it at https://ecency.com/hive-167922/@abh12345/the-hive-engagement-league-5qoefw
And please let me know if you want to participate 🙏
Like today the first day of the market started with green candle's and this is a very good sign for the market. Hive, the way the market is going, if Bitcoin goes to 20 thousand, it will comfortably go to 60c. SPS is also making its first candle green of the week. Gala is a game coin and is moving up in a very strong way and all the games coins will follow in the coming days. If the interest rate comes down on the 12th, we will see the market getting pumped like this.
What interest rate on the 12th are you referencing?
I am talking about cpi montly report.
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I appreciate the badge. Hive is about engagement and I try to reply to every comment to encourage others to engage.
You're welcome @methodofmad! Have a nice day 😊👍
I gifted $PIZZA slices here:
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