Investing in Splinterlands is a solid way to make money. On top of the fact that you'll be playing one of the most successful games in blockchain history, you'll also be able to turn your NFT assets into a source of passive income.
Thanks to multiple developments on the platform, players/investors now have multiple ways to leverage their assets for profit. Depending on your strategy, you can earn passive income from rentals or just hold assets to earn SPS tokens.
Maxed out
As I've said on multiple occasions, investing in splinterlands, much like any other investment, requires a definite strategy. I believe that everybody wants to be able to squeeze out the most profit with as little input as possible, and that's why a strategy is always helpful.
To achieve your target, you have to cut out emotions and focus on the goal. In splinterlands terms, this might mean selling off one of your favourites and replace with something else that could do the job.
That was the case with Qid Yuff and Pyre in my deck recently. On the surface of it, yeah, it's safe to say that Pyre is a "better" summoner than Qid because it boosts speed.
I mean, let's face it, speed seems more important armour piercing but in the general scheme of things, you can still get a speed boost from other monsters. Also, in reverse speed battles, Pyre is the last summoner you want to have, so it's not perfect.
At the time I sold my level 5 Pyre, it was so expensive that I took the entire money I raised from the sale to buy and max out a Qid Yuff. This move might have reduced my fighting capacity but it;
- Increased my collection power
- Increased my SPS airdrop
- Gives me the opportunity to max out the fire and neutral monsters.
I'd normally not have been able to easily max out Pyre in the way I did with Qid. Also, considering that I can now max out a lot of my monsters in the fire department, did my fighting capacity reduce?
Anyway, the new challenge presented to me now is to find a way to upgrade my monsters. The market value of monsters has risen so much and while it does feel nice to see that my deck is worth thousands of dollars, it is very frustrating to note that I can't afford most of the cards.
Well, I can't afford the cards without selling them and once I sell them, it's like they go into a deflationary bottomless pit where their price in dollars just freaking rises.
Very cheap
So, at the end of the day, I'll just have to stay in my lane and find ways around this challenge. I'd love to upgrade my epic and legendaries but hell, even Rare monsters are so expensive to upgrade and the cool commons are heading to or are more expensive than $1.
Owing to this situation, I spend a decent amount of time scouring through Splinterlands for good deals that present themselves. If anybody wants to sell the monsters that I need for cheap, I want to be ready to get them out of the market.
Also, this might mean selling off some of my other fancier cards to raise the money. It's about focusing on my needs and not my wants. At the time of writing, I barely use my legendary cards at my disposal.
In fact, other than Diamond Dragon, The Vigilator, Robo-Knight, and Cornealus, I hardly use any other monster. Also, these ones are high mana costing monsters, so their use is only in specific situations.
Meanwhile, I don't think I can go three battles without using furious chicken, or creeping ooze. All I'm trying to say in essence is that, in reality, I actually depend on my less fancy cards for battles.
So, if the plan is to upgrade my fighting capacity, and invariably increase how much I earn from battles, then I'll have to sell off some of my legendaries and use the profit to upgrade my commons and rares. I can't even mention epic monsters because even the cool epics like Brownie are already out of my range.
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Or you can just rent out your cards for a bit and raise moniitaaas to buy New ones 😊 or you need to spend money to earn money 🤣 thank you for elaborating on this! I need to figure my strategy aswell!
Leasing out is a slow burner approach but as long as it gets the job done.
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Interesting, personally I hardly ever sell a card. I combine most cards I get and rent any out that I don't use (which is almost all of the cards I own as they're not relevant in higher leagues). This allows me to build collection power, receive sps airdrop and off set some of the rental costs.
I do think buying in strong once the new set releases might be a good option? Only started last March so I'm not sure how the price usually develops over the printing of a set but I imagine there's more opportunity than all the sold out cards, what's your take on that?
Thanks for the insights!
Getting new cards too early might now always be the best approach. Initially, their value spikes due to the rush to get them and then after a while, interest reduces and the value drops.
I think getting them somewhere between early and late is the best approach.
Thanks for the reply, Yeah was thinking just after release everyone jumps on it and wants to get the good cards. Thinking of buying some packs at the start to qualify for airdrops too. Than try and level the cards I like most in the mid term, something like that :-)
Can't wait to actually receive packs from reward chests again too, got a stack of potions waiting to be cleared!, got a stack of potions waiting to be cleared!
Ya gotta do, what ya gotta do. I will say this, I learned from one of your recent posts the importance of leveling up my summoners. Had no idea that they capped the level increase of the other cards in my deck. This is why I like to check out the content you and other creators share about Splinterlands. Thanks!
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Man, sometimes the decision is tough but you gotta do what's best for your deck.
I'm very new to the game so this was very informative. I have a question: how do you evolve cards? You just play with them or there are additional steps you need to take?
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