What happened !! It's crashing... ??!!!
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Today I woke up and realized that SPS and DEC had a massive drop (speculating that it's due to Bitcoin drop in value) - and contemplating on what should be the next step to do.
Here is the 7 day chart -
SPS at $0.2825 :
DEC at $0.006952 :
So here I am, thinking how far or long this dip would be. Should I invest more and average down my current portfolio ? Is this going to be the worst, or could it dip even more ?
These are the few question that probably everyone will ask.
Please note that this is not a financial advice, nor am I a qualified Financial advisor - DO NOT take my words for this - I am just letting you guys know what I would be doing ..... 😎
As pre-sale of Chaos Legion Pack is coming pretty anytime soon (expecting to arrive within Sep'21), and the more SPS you staked, the more pre-sale voucher you will get which entities you to purchase the pre-sale packs - this is definitely one of the pushing factors that will entice people to buy more SPS when the time come. More people buying SPS > more demand > higher the price it will be (at least that's my logic).
Will I be buying more SPS and DEC ?
Yes.. Definitely. Looking at the chart it's a like a Black-Friday sales for both currency. And I am expecting them to rise even higher when CL is released. With the creative developers coming up with different ways to utilize SPS and DEC. There will be more needs and wants for both currency in the long-term.
Reason that I will be buying is simple. I trust in the dev team of Splinterlands. I trust in the gameplay and believed that this game is going to be far in the long term. I trust that more people will be enticed to start this game - not purely for investing purposes, but having ACTUAL FUN (rolling eyes at Axie...). But all of the above is my personal opinion.
There will be no way to know if SPS or DEC will continue to dip. But my concept is, if I am going to play this game for long-term basis, it really doesn't matter if the price drop, I will keep buying them at any dips, average down the prices that I purchased, and continue to have fun.
Oh and not to forget, what if ?
DEC & SPS TO THE MOON
HAVE FUN !!