Splinterlands: DEC Hoarding

As I look to the future of the Splinterlands ecosystem, I am presented with uncertainty around how to hold and/or accumulate assets. I have learned that there is never enough to keep in our Collections given the continued evolution and development of the ecosystem. However, my investor mindset also forces me to take a balanced and diversified approach during these periods of change. It can in well during the boom cycle last year as I was able to cycle out of some assets that I had in excess to balance my cost basis overall in the ecosystem.

While it would have been good to sell all and come back, my mind does not work that way because selling assets has a connotation of delinking myself from it. I have seen it for my personal behavioral aspects in a number of projects in the Crypto space over the years. I took some losses for tax reasons with the idea to eventually get back into it but would ultimately not do so after more analysis done. However, here has been different given the player aspect in addition to the Collectionist mindset that takes hold of me.

Given the fall of the price of DEC well below the "peg" and the mechanics of some economy changes done by the development team, I feel that my balances in DEC are low. Given the fact that they are the main token around the transacting economy in the ecosystem, I have felt the need to start hoarding it. The tower defense packs were also lingering around which made me use a substantial amount of what I had already. However, I can only think of needing much more given many incoming aspects of the economy.

The recent deployment of the Riftwatcher Edition is the newest example for me as I will need DEC to buy potions to finish opening my packs soon. Then, I will be left with a number of cards I will need to purchase for my Collection to remain competitive and intact for my goals. This alone will likely drain what I have in my wallet so my focus is how to generate more of now this limited and almost scarce asset in terms of earning. Luckily, my rentals are doing well which is my main source thus far for DEC hoarding. I also continue to add to my Liquidity Pool positions as I wait to execute some card purchases. I have even divested from some Vouchers to put into DEC in the recent run higher in price. It was a risk that paid off somewhat in my opinion.

However, I still think that I am way off where I need to be considering additional future aspects of the ecosystem. If the land mechanics work like many speculate, the cost of building and resources will be another drain on my DEC. Given the current price, I find myself often looking at ways to transfer more into my wallet in DEC as I think it is the most important token at the moment to transact on. Time will tell if I am right but looking forward to continuing to play the economy game here as well!