The last 2-3 days have been very unfortunate for the crypto community. With the sudden steep downside of crypto price action has lead to people in a huge loss in their portfolio. Making it one of the most unexpected crypto crush of the last few months. Various events have been taking place, which lead to this sudden crush. Germany selling their BTC holdings, MTGox repaying their debts. Above all, taking a hit in their portfolio sucks big time!
The current situation is a double edged sword type of situation. Some people are panic selling, as they are going through the state of fear, where they are assuming the price would go further below. On the other hand, there are those folks who are reaping the benefit of the current dumpings. They are DCAing and scooping up their favorite crypto at a discounted price. Making it one of the most lucrative offer being presented to them.
I have mentioned it quite some time in the past about my portfolio. I have invested a significant of my funds into HIVE and its related projects (Mostly Splinterlands). With the recent turn of events not only HIVE or Splinterlands everything has taken a sudden turn, which is literally bleeding my portfolio. If anything happens to HIVE or Splinterlands, that same event will happen in my case as well, may that it be positive or negative. I suppose many users will probably have the same effect as mine.
Splintershards
I literally have no words to describe, what is going inside of me. SPS price is giving bottom after bottoms as days are passing by. Its like sinking without any life boat in its possession. Who would have thought, a coin which hit an ATH close to a dollar is now being trading $0.006. That number says it all. We are going nowhere! This is just a slow death for the time being.
I am an active user of X (formerly Twitter) there has been lots of discussions happening regarding SPS, Splinterlands and so on. Some of those are legit and dedicated discussions related to the current situation of Splinterlands. I suppose people can talk much more freely in X than of SL Discord. Although, there are users who are literally building up the deck of theirs in a very cheap rate at the current market condition. But lets face it, we need more of these users and definitely we need more and more organic users getting their hands on in this game.
Easy access to the game
The more easier we make the game to the greater audience, the more users we get. This should be a very easy onboarding process, in addition to the have access to all the resources of the game. In the recent event of conversation regarding VOUCHERS, there might be a proposal incoming regarding VOUCHERS. I personally do not see the need of vouchers at all in the game. This is just not needed.
Do something regarding the token supply, utility! There has been multiple projects who have gone through modifications in their tokenomics and token supply.
- Burning of tokens could lead to a major catalyst in terms of price of SPS
- Introduce a new set of cards (payment method SPS)
- For the love of GOD, go for a TIER 1 CEX listings
- Create a marketing budget
We all are here for fun, excitement and many would love to get a decent ROI on our investments. HIVE has been one of those place where I consider myself being in the family. Splinterlands has helped me in my difficult times. I would definitely do what I can and bag some cheap SPS for the time being. But we need a floor to settle itself.
Nevertheless, I hope we are currently in the BEAR TRAP phase. If that is what it is, we sure are in for a nice ride up above the hill. If this is not the case, than we sure are in hell of a ride. Blood bath is awaiting!
Best regards
Rehan
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