In the last one month, I had some financial needs and I was looking for options to get some money but most of the funds I had was already used and some funds that I had was not in a position where I can withdraw them. That is when I thought maybe it is a good idea to sell our Splinterlands game assets. I was very curious to find out if I would be profitable if I sell my assets now.
The first simple calculation that I did was calculating the current price of SPS and how much I had invested to purchase SPS. Today the price of SPS is horrible and there is a huge hope that it should recover soon. The main reason is because many people have invested a lot into this game and I'm sure the game will not have a fast death or a slow death. But it can take a lot of time for the value of the assets to recover and become better. Best thing is to wait till the value of the assets recover and sell after that.
There were a few lucky people who sold their accounts and all the cars in their account during the bull run. They are the luckiest people because today the value of the assets are at 10 percent value compared to what was before that. I don't know how many people wanted to sell their assets and then buy it back after the market recovered. If they had done that, then it should have been the best gain that someone can make. The reason is because the value is like a cyclic thing. At one point it will be very low and another point it will be very high. Selling at high and buying back again at low is the best thing.
Selling at huge loss
People who want to sell their assets right now are the ones who would be selling them for a huge loss. This is not the right time to sell the asset even though someone doesn't care about the value of the asset as they might be someone who would get a lot of assets for free everyday. But in general the value of all the assets is very low and I think it would definitely recover back when the time is good again. We shouldn't panic and sell the assets at a huge loss right now. I bought SPS for around 4000 dollars and the quantity was also very small back then. But today the value is not even 1500 $ for more than 100k SPS. With 4000 dollars I was able to buy only a small quantity of SPS back then. But today the value is very low making it very easy to get more SPS.
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