DCALPHA is the asset for dCrop's Alpha packs.
I hold 90 of those packs called Alpha packs, and each was purchased at USD $2 some time ago. That would be $180.
I just checked out the market situation for DCALPHA.
The Buy orders above suggest that there isn't much interest to buy DCALPHA. I can sell 9 at 8.003 Hive, and a few more above 6 Hive. That's it. My dCrops DCALPHA is basically illiquid.
My Alpha packs are literally unsellable.
That is not surprising since there are Beta packs on sale at USD $3 each.
So, is my foray into the dCrops game a bad decision? Am I losing money here?
Fortunately, since my Alpha packs are unopened, I am earning some staking rewards from them. Every day, I get approximately 0.3 Hive. That can be estimated to be 109.5 Hive per year. In today's price of about $0.35 per Hive, that will be USD 38.325.
Assuming my daily rewards are mostly due to the unopened packs alone, 38.325 divided by 180 or 21% per annum gains is not too bad. If I add that to the harvesting of CROPS I am getting, which is about $2 per month, the gain goes up to about 35% per year (i.e. $24 + $38.325 divided by $180). That does look pretty good!
If I were just starting to buy dCrops Beta packs today, assuming it pays the same staking benefits as the Alpha packs, 90 packs would cost $270, and a similar $38.325 accumulated yearly reward would mean the annual gain is about 14% based on today's Hive price.
Is it a good idea to buy up some Beta packs to stake it? I think much still depends on the price of Hive. The higher Hive moves north of today's price in a year's time, the better my ROI. Duh!
For now, I continue to hang on to my dCrops holdings. In 3 years, I should be able to break even. Since I am on it, I shall just play the game and try to make more CROP per week. Every 1000 CROP is a dollar.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
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