How To Earn With Splinterlands - Kepp The USD Value Of Recources Even Doh They're Going Down In Price - This While Getting Even More DEC and Airdrop Points
**My last post which was guide 1, was about how to utilize the recources in Splinterlands in the best ways. That guide took a closer look at the recources we need to advanze in Splinterlands that guide was for both those getting the airdrop of SPS and for those who don't.
This episode, guide 2 will take a closer look on how to keep the value of the recources we have in comparison to its USD value. As we all know will always 1,000 DEC be just 1,000 DEC and nothing more. But from hour to hour and day to day will these 1,000 DEC shift in its true value which is the value it has in USD (I take USD as the fiat to comprare with, it's the most universal for everyones understanding). So how do we keep the real value of our assets?, well that's excaxtly what this article will cover. **
I have for as long as I remember always tryied to find ways to earn money, when I was just a boy just a few years old did I start to sell "christmas magazines" which is not as it sounds to be. In Sweden were I live can anyone sell these around Christmas times and it's basicly a magazine with a lot of different stuff in it (books, clothes, sweets and other stuff) which you can order from the seller (me). Depending on how much you sell in net worth can you reach different stages, there every stage got you some money but also stuff and the more you sold from the magazine the more money and better stuff you got in return.
My carrier of entrepenourship started early and perhaps was this one of many things that started my interst for finance especially cryptocurrencies. So when I have a recource holding a value, is my intent that it will at least hold that value and give me a higher value in the future.
DEC and SPS Price History and Downtrend
So, if we take a look at Coinmarketcap will we see that DEC has gone towards a downwards spiral in price. DEC has in one month gone from having a value of $0.01 per DEC to todays value of only $0.0042, DEC has lost over 50% of its value just in one month. This means that the true value of those 1,000 DEC has sinked to $4.25 from $10. This is bad both from financial standpoint as from a gameplay standpoint. Those having huge amounts of DEC for boosting airdrop as well as for the gameplay has suffered huge financial losses. Sure in the future might DEC go up in value but it might not either.
The same applies to another important recource in Splinterlands which is SPS, this recource had a value of $0.4 in early December but has droped to todays value of $0.18 the price has dropped more than 50% in a month just like DEC. Another big unrealized loss gamewise and financial.
How To Offset This Trend In a Easy Way - Keep The value and Get More Airdrop Points At The Same Time
No one wants to be a victim of realized losses nor unrealized losses. For you don't know what an "unrealized" loss is, let me explain. As an example do we take "John" a trained and healthy motherfo#@!r pumping every cent on staking an asset being locked for 6 month once its staked. He invest $1,000 on the asset that currently has a value of $1 per token. One month goes and suddenly did the asset drop in value to $0.8 per token. John's investment is down to $800 from the $1,000 he invested, becouse he keeps this asset is it yet a unrealized loss (it being locked he has no choice in this case adn to keep it but the same applies to a non-locked asset). If John had sold the asset (if he could) for USD is it a realized loss. Because he keep the asset, can the price still change of the asset both upwards as downwards. It is always a unrealized loss/profit until you sell an asset and always a realized loss/profit once sell the asset. You get it?.
So, everyone has still a chance of getting a realized profit from the DEC and SPS in th end in this case. But you can migigate this unrealized loss to a potential unrealized profit instead and get your airdrop points from your assets to in the same move.
There is once a day a snapshot of your assets you hold to calcualte your airdrop points and in that moment will you of course have your assets so they get calculated into your airdrop points. I will explain how to do this with an example (all numbers are fictive)
John the pumped one dives in to this tale again. John is getting the daily airdrop of SPS and he usually hold around 25,000 DEC and 250 SPS (unstaked). Due to the downtrend in price is John loosing value in USD allday long. But he figures out what I just told above about the snapshot time. So direcly after the nearest snapshot which is five a clock do John sell all his DEC and SPS on HIVE, the DEC is sold for $0.01 per DEC and the SPS for $0.5 per SPS (Tribaldex, you can also sell it on BSC (Pancakeswap) if you want).
After he had sold all his DEC and SPS did both asset drop 15% to four o'clock the next day. John now has $250 for the DEC he sold and $125 for the SPS sold. John wants to buy back his DEC for the airdrop and his SPS now when it has a lower price. So John buys DEC for $250 at a price of $0.0085 (-15% in price). John has now 29411.76 DEC which is more than he had yesturday so he has now both more DEC and get even more airdrop points than before from his DEC. The same matematical principal for SPS applies.
You could had x2 DEC, x2 airdrop points in one month without investing
If you followed John's tactic could you have twice the amount of DEC you had and twice your airdrop points coming DEC in just one month. The calculation above is real and if we apply this to the real price moments of let's say DEC in this past month (think of the prices describes in the begining), could you pontentialy have a unrealized profit of 50% if the price of DEC reaches $0.01 again and already have a realized profit of twice your airdrop points coming from DEC and a realiazed non-loss non-profit (netrual).
You had lost nothing in terms of loss in USD from your DEC, you had twiced the amount of DEC you have and twiced your airdrop points coming from DEC. If you had followed the tactic from above which applies to the real world data coming from coinmarketcap in price changes.
/RalleCrypto