If I was a clueless noob I would鈥檝e freaked out and shat in my pants when I saw the price of Plots of Splinterlands in the market yesterday at $280 per piece after buying it at around $840 in December.
I wonder how clueless noobs that bought the plots at their all time highs are feeling out there, the worst thing anyone can do is panic sell.....
.....Because you may never know when the reversal will happen and the asset will take off. Moreover, I don鈥檛 think anyone ever has bought an asset like land and expected the price to moon in a couple of months. Most people invest in lands as a long term asset.
The same mindset should be applied even here on Splinterlands, although there are rare cases where getting in super early might have a lot of advantage on the price of the asset, but on an average, land as an asset is said to be in maturity period after 5 years.
All this aside, One of the things that solidified my belief in Splinterlands lands expansion relates to the words from Yabapmatt the Ceo of Splinterlands alongside Aggroed during one of the AMA鈥檚,
He was like, I鈥檓 an avid gamer and I happen to be building Splinterlands, I鈥檓 going to ensure I incorporate everything I鈥檝e ever imagined would be cool. Stuff in those lines
And it makes so much sense, a lot of games out there are spear headed by developers who are not gamers, great developers nonetheless, but not gamers. There鈥檚 a huge difference. He also described how he imagines Lands will be, nothing was short of amazing. I鈥檓 willing to stake all my chips on Splinterlands.
Reminds me about when Khal and edicted kept talking about stacking up on Cub, now everyone who listened to them is likely smiling. Long term hodl mindset really pays, Hive has proven it to me countless times through the platforms developed inside it, Splinterlands has proven it, Leofinance, Cubdefi among others.
Bitcoin market has been ranging between $38k and $41k for the longest period, most of the economic hardship the world is going through at the moment points to Bitcoin as a solution, the governments are giving Bitcoin free PR but the markets are hardly pricing it in. Wen will the markets do?
Time will tell, we just got to hold tight in the meantime. Have a great day.