Hello, the beautiful people of Splinterverse. Hope you all are doing great and enjoying the game every day. I hope you all are enjoying the game every day and new things that are coming into the Splinterlands every day, which is a clear sign of the game's bright future! The last proposal with the future initiative for implementing some measures to crack down the bots-farming in a modern format is a great decision by the developer team! I am sure in the future the game will be more real player oriented. But the recent announcement regarding the staking of SPS to a high quantity can be the next step that can elevate the current SPS market with the crashing cards value which seems to be a double-sided sword in some cases which I am fearing many happenings and possibilities and issues regarding the announcement. Though there are some logical reasons behind it I have many views and thoughts from the core area of the Blockchain-based games and Splinterlands as a game of PLAY, INVESTMENT, and enjoyment!

I am playing the game for almost 2 years and I have faced the bitter winter with the skyrocketing price and the loss and some devastating pulls from the cards packs and some amazing pulls from the packs and from the loot chests! I am also very satisfied to be one of the Splinterlands believers because my Portfolio of the game assets like my card collections, Plots, and staked SPS is a kind of savings and so I have started buying some more cards in every deep now as I am planning to move into the Diamond league. And for that, I am buying the summoners first, I want to make them the gold league max before entering the Diamond league. Also, the in-game token price of Splinterlands has started increasing recently with the announcement of replacing the CARD COLLECTION POWER with the STAKED SPS along with their biggest upcoming phase with the LAND EXPANSION.

Splinterlands is the most popular Play-to-earn game based on the Hive blockchain technology. Though the game with the investment options and earning facility is still a new trend in the gaming industry that has gained immense popularity over the past few years. This game enables players to earn cryptocurrency known as the SPS (Splintershards) while playing with tons of earning opportunities such as free NFT cards, and renting and trading NFTs, and some have even turned it into a career. The concept of play-to-earn games revolves around blockchain technology, which enables NFT card ownership and trading of digital assets. Players can earn these assets by completing in-game tasks, participating in tournaments, or buying and selling virtual items on the marketplaces. These assets can then be traded for real money or used in Splinterlands gameplay. In recent days Splinterlands not only changed the way we think about gaming but also provided opportunities for people to earn a living as a career.

In countries with low economic development, where traditional job opportunities are limited, these games are becoming an alternative source of income. Players can earn more than the minimum wage in their countries by playing these games full-time, and some have even formed guilds or teams to maximize their earnings. The blockchains game like Splinterlands disrupted the traditional gaming industry and opened up new possibilities for players to earn a living. With the development of blockchain technology and the growing interest in cryptocurrency, these games are likely to become more popular in the future. However, like any emerging technology, there are risks associated with play-to-earn games like Splinterlands. And so, players should be aware of the risks involved and take necessary precautions before investing time and money in these games. In this post, I am going to talk about some of these risks in my 2-year experience with the Splinterlands game. I hope it will be helpful for you to invest properly with solid plans and risks managements for your funds.

The underline risks I have faced

My total investment in the Splinterlands game is more than 2000 bucks and currently, my card collection drops again from $2200.00 to $1500.00 which is really pathetic, and now I need to rethink everything that I have seen in the space. Though such dumps and pumps is a normal happening in the crypto space the crucial point to be considered is the decision and the official announcement that has been circulated and speculated throughout the internet and among the community. But the good thing is that the Splinterlands community is big enough to handle the illicit wish from any party or whales which is a good thing that I have noticed throughout my Splinterlands lifetime. Still, some of the things that I want to remind the new players to consider during the investments as currently, it is the best time to invest as all the cards are damn cheap to build a strong deck!

Cryptocurrencies and digital assets are known for their high volatility, which means that their value can fluctuate rapidly and significantly. This can have a significant impact on the earnings of players who earn cryptocurrency or other digital assets through the games like Splinterlands. I can still remember when it was difficult for me to earn a single DEC which was then more than 1 cent and now DEC is less than the pegged price. And for the SPS price, I bought some @0.5 bucks but just around 2 cents and it went up to around 1 buck and I know that price will never be here anymore. But it is true 10-20 cents per SPS can be a dream for any player and for the game to skyrocket to the moon!
Besides the crypto assets, the NFTs market is also very volatile, especially for the play-to-earn games like Splinterlands and I have faced much more difficulties with the crashing price of the NFTs. I can still remember the DJINN OSHANUS which I bought at $40.00 which is now only $2.00 and so many cards has lost their significant portion of the value. But the good thing is there also comes the subsidy with the reward throughout the days, weeks, and seasons which is the only reason I have my NFT total values around 1500 bucks, otherwise, it must go to 100 bucks! So, it must be considered as a big risk management purpose.
Another important issue is that time management as a player is very crucial for grabbing the maximum rewards. And I am the worst in this category as I couldn’t manage enough time to play the regular battles and never get the opportunity to play the tournaments also which is very necessary for the players who want to maximize their rewards. But there is the option of renting for non-players and many people earn a passive income from that also but recently the renting market is not good at all.
Blockchain technology is generally considered to be secure, but it is not immune to hacking and cyber-attacks, and keeping your keys safe as no keys no funds is the fact for any blockchain assets. There have been several high-profile incidents involving crypto exchanges and blockchain-based projects being hacked, resulting in the loss of funds and digital assets. For example, in 2019, Binance, one of the largest cryptocurrency exchanges in the world, was hacked, resulting in the theft of over $40 million worth of cryptocurrency.
The biggest underlying risk that I constantly fear about my investment is the from Govt side. As my government has no clear regulation on these types of assets, I can’t invest a penny here and I try to earn from non-investment ways like blogging what I am doing here now. Governments around the world are still grappling with how to regulate cryptocurrencies and blockchain technology. There are concerns about money laundering, taxation, and consumer protection, among others. In some countries, such as China, there have been restrictions placed on the use of cryptocurrencies and blockchain technology. While this may not directly impact the play-to-earn gaming industry like Splinterlands but it is not good for many investors which can trigger massive growth in the game.
Developing blockchain-based games requires a significant investment in time and resources which can make the game a sustainable one. There is always the risk that a game may not be successful in the long run but I am satisfied with the Splinterlands team in this issue as they are constantly evolving their roadmaps.

So, what I want to tell at the end rethink the game before investments. It is not necessarily true that any project will always go the right way and we need to think about which group is gonna be benefitted more the bigger group or the handful of whales! To maximize your earnings potential, it's important to become an expert in the game you're playing. Learn about the best strategies for earning rewards and winning battles, and stay up-to-date on new updates and changes to the game.

What do you think and what are your thoughts on the fact let us know in the comments for mutual grow-up. Everything I mentioned here is from my own thoughts as a member of the community. I hope you will find it helpful.

In my previous blogs, I have discussed the best primary TANKS from every Splinter team with their useful use in different types of ATTACKS and also in different rule sets. You can find them in the following links-

FIRE TEAM-Top PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

WATER TEAM-Top PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

EARTH TEAM-Top EARTH PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

LIFE TEAM-Top LIFE PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

DEATH TEAM-Top DETH PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

DRAGON and NEUTRAL TEAM-Top DRAGON and NEUTRAL PRIMARY TANKS in various rulesets in Splinterlands: The cheapest and the Best utility

I hope you find some of these thoughts and discussions my thoughts important before your journey to Spolinterlands. And if you have any kinds of queries, you can ask me in the comments. I will try to answer at my level best. Thanks a lot for your time and attention, I will catch you at the next one.
Have a great day!

And, If you want to be a proud member of the Splinterlands community and enjoy the magical world of hundreds of monsters and strategies for your battle where you will have the opportunity of amazing battles with some extraordinary monsters with amazing abilities which will uplift your online gaming experience to a new level. You can enter the Splinterverse through this link sign up to join Splinterlands