Buying SPS
I just realized that its been months that I haven't really written a financial post! Why is that? Honestly I haven't been doing much trading lately. Most of my investments are either on auto-pilot, or someone else have been managing it. In addition, these days I am mostly focused on Passive Income, which doesn't requires me to look at charts and make trading decision on a daily basis. So bottomline, in terms of trading, I wasn't very active in the financial markets.
But, today, I was taking to Taraz, and was discussing about the potential of crypto, new people coming into crypto, and the story of BTC maximalists. If I go a bit out-of-sequence, its the story of BTC maximalists that is the most sad :) Why? Well, you have one token, you bought at the low and by sheer luck you sold at the high, that's about it. What is the fun in that?! People like me, who are in the financial market all their lives, we have done this a hundred times with hundred different financial instruments and derivatives. There is nothing special about it after you do it a few times.
A token, like SPS above, currently have the potential to rally 5X, even 10X within a year time-frame rather easily. Bring in the most bullish BTC maximalist, unless the dude is insane, no one can tell me that BTC will rally 5X-10X in 1 year time. So, to me that is the driver of alt-coins and especially VC projects like Splinterlands. I am only interested in Splinterlands, because I know most people involved in the project including the CEO and I consider the project a 'family business' and we are all part of that family. BTC doesn't have that for me.
Targets for SPS
I don't have any. I don't buy or sell VC investments based on charts. Simply because that is not the way VC works. I consider my assets to be locked for 5-10 years. After that time I might consider the investment potential. In the meantime, it would be nice, if the project provides me with some income, which Splinterlands does quite generously, I should add! So, I am getting rewarded handsomely while I wait. Also, I enjoy playing the game as a part of my daily relaxation, so its a win-win.
Currently SPS is bottoming near the Red line around 10-12 cents, that yellow line is near 60 cents. As the land launches, and the original VC investors stops getting SPS in April, there will be reduced inflation. Also there is just 169 days of SPS airdrop left. So all those folks who are getting SPS daily and selling them....well it will be over :) Then the only way one could earn SPS is buy investing SPS or some assets in some form. I am looking forward to that.