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This post is a supplement to my yesterday's post $$$ Earning DEC with Card Trading $$$ (Greedy goblins hate these tricks ๐), in which I explained the possible proceeds of card trades and gave you tips on how to find successful card trades.
In this post I want to make you aware of another alternative way of earning DEC. In doing so, my thread from yesterday provides a good foundation.
This thread is now about long term hodling and trading of reward cards (although it is basically transferable to other collections).
The limitation of cards in Splinterlands
Each card in Splinterlands has a set amount of copies. Once these are printed, no more appear unless they are reissued in a different collection, as was seen in Alpha and Beta.
At the same time, portions of this quantity are destroyed as cards are leveled up, and again a portion probably remains in some players' inventory for a very long time.
So the available amount is limited and shrinks from day to day. Of course, this leads to an increase in the price of rare and sought-after cards, especially when the number of players increases.
Because the demand for a card would only shrink if there is a comparable card for a lower price, i.e. only with the release of a new collection. While the supply is constantly decreasing.
How can this knowledge help us gain an advantage?
Even with this approach, you should limit yourself to cards that are potentially attractive to other players.
There is some more information. For example, you can view the status of current reward cards at https://kiokizz.github.io/Splinterlands/rewardCards.html. You can see what percentage of the reward cards have already been produced and also how much have been burned. This helps us to judge when you should buy a card (rule of thumb for me is e.g. when about 90% are printed) and when we should sell it at the earliest (as soon as 100% is reached, but tends to be later, of course, when the demand far exceeds the supply).
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What are advantages over daily trading cards?
I would give both a chance. While the income from daily trading often depends on a bit of luck, a positive upward trend in player numbers, and other factors, when trading reward cards for the long term, you are less affected by random events.
Also, some reward cards can really pay off. The price can increase many times in a few months. Once prices rise and players who have a need for said card notice it, it can create a hype.
Compared to my last post, in which I introduced you to the card trading basics, this kind of investment is a bit more long-term.
You may have to wait a few weeks or months for your profit. However, it is a bit safer in comparison, as long as you buy cards that are popular.
To maximize the profit, you can also lend the purchased cards in the meantime, which will increase your profit even more or you can use them ingame, since they should have a relatively good use based on your selection.
Please note that I am neither a financial nor a Splinterland expert. I am still at the beginning myself and report here only from my experiences with the market. Nobody knows what the future will bring and in which direction the game will develop. So, like any other financial investment, there is always some risk involved.
If you are not yet a member of the Splinterlands community, feel free to join via my affiliate link. When you buy the Spell Book I will then get a part of the purchase price :)
https://splinterlands.com?ref=toheadi
well, while buying and reselling, better keep an eye of the DEC price , better sell your stuff while the DEC is on low price
You're totally right. But we can have 2 options in the future. DEC is going up and down like every other Asset. In this case you need to wait and hodl for the right moment to sell. Or they manage to stabilize the DEC price. In this case, we no longer have to worry about the DEC value.
But as I said, I am not a financial advisor. These are just my thoughts on the subject and a mixture of experiences and pieces of information from other users that I have read myself during research.
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