Splinterlands - Why Bear Markets Are So Good?

in Splinterlands2 months ago



In 2018 when I first took interest in Splinterlands back then purchasing a starter pack entailed a discount and addition alpha booster pack. Fast forward to a little under four years and all those purchases have made back multiple factors of ROI. If only back then I had invested a lot more. Yet those who remember 2018 was also a crypto bear market.

Bear Markets Means Lower Prices

There is nothing better to buy than to buy at discounted prices. When it comes to investing people generally want to buy low and sell high. Yet not often is that the case. Instead people tend to buy high and later sell due to fear of losing too much or get liquidated due to lack of funds. How come general public can not do the reverse?

In times when markets are difficult and prices are in free fall would be best time to accumulate assets. So now we are long into a crypto bear market there are some signs even Splinterlands is taking a hit. From the company's layoffs to their promotion sale of left over booster packs it sure seems that way.

Straight from Splinterlands right now with the purhcase of Chaos booster packs players can automatically expect to also receive a promo card.

outside of the bulk deals players are able to get the promocard with every pack they purchase between now and the end of year sale of Dec 21 at 5pm eastern. So, if you buy the standard pack deals through the website for each purchased pack, including packs purchased with vouchers, you'll be able to get 1 promo card. In other words, you don't have to participate in the bulk deal to get the promo card.

This is added incentive of purchases that are very rare and likely only comes from bear markets. Take advantage while its available because down the road we will be rewarded with all these great incentives.

Splinterland's Proven Itself

Over the years the growth and development of Splinterlands was not without hurdles and pitfalls. Yet on a longer time frame it can clearly be seen that the ecosystem has done well overall since inception. It has done so well that it is one of the most popular games in the cryptocurrency space and assets have held up in value quite well.

I remain heavily invested in Splinterlands and will continue to do so for the foreseeable future. I have not obtain higher ROI and consistent rise in net worth besides holding Splinterlands assets. Even better than hive blogging as the token Hive has fallen in price it has not been as bad for price depreciation in Splinterlands assets.

Conclusions

How do you think about current markets and the way Splinterlands goes about its business? Does it not seem like a great deal to pay the same but get more in return? Holding assets for the long hall gives greater chance of getting a positive return down the road.

Until next time thanks for reading!!!



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I think Splinterlands does a great job of keeping the user base motivated but I am not sure about the direction they are moving in. It just seems like they might be spread thin with Genesis League, Splinterlands and Tower Defense. The opportunities on Splinterlands is amazing because we got battles, tournaments, brawls, staking, diesel pool and others to earn in Splinterlands.

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I agree with so much going on they maybe not focusing enough on the core game but then again they were able to perform well with less in the past so I give them a benefit of a doubt there. !wine !LOL


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How do you think about current markets and the way Splinterlands goes about its business? Does it not seem like a great deal to pay the same but get more in return? Holding assets for the long hall gives greater chance of getting a positive return down the road.

It definitely is! I've even considered buying out another hundred packs and old summoners! Let's look for the money! 😜 !LOLZ
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Buy and hold Splinterlands assets long term has definitely been rewarding. !wine !PIZZA


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True! 💪
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Slow and steady, that's what I will say; at the start of the year, when things were going down due to the bear market, I was in a big rush for the short term, and I lot heavily, but I now I think I will take slow and steady even if I don't get all that much gain at the end, I will be here for the fun.

Play the game for the long haul will definitely pay off. It did in the past and it will do again. !LOL !PIZZA

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Bear seasons are both bad and good, I'd say. The good aspect of it is that it allows investors to accumulate assets at a discounted rate.

On the other hand, it is bad in that, investors' portfolios will definitely turn red.

My portfolio is red for the year but a lot higher if I go all the way back since day one. The time where assets appreciate in price will come. !LOL !PIZZA

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