I 100% agree with you and am completely on the same page re: NFT gaming. I started playing Splinterlands around the same time as you. I made a decent-sized investment which is basically gone now. I still play regularly but I'm not making any additional investments other than buying some cards now and then using credits. People keep saying "the bottom is coming" but I have zero confidence that SPS and DEC will ever rebound or that card prices will rise significantly. I'll hang on to my assets for now unless they go up a bit and then I'll probably cash out and stop playing. I admit I bought into the hype and listened to people who were either not being truthful or who were just plain stupid. Either way, it's clear to me that crypto cycles are extremely volatile and highly unpredictable and combining that with a game is probably a bad idea in general. Cards as NFTs is great. Crypto economy stinks.
Yeah honestly I have no clue what will happen to prices, I've stopped trying to predict 🤣 More so I enjoy playing the game so I still do have "assets" for Splinterlands but I'm not tracking their value. I mean of course they go up I won't be mad about it but that's just not my focus.
@@lordfeeda9627 The big problem I have with crypto in a game like Splinterlands is that if the "bottom" lasts 2, 3, 4 years or more, it will have a significantly negative influence on the game. Most crypto people I trust say that values probably won't rise until late 2023 at the earliest, if at all. That's a long time to wait.
I just put some money in in order to get the ball rolling and flip. I of course play a bit, but I know that's not going to make me much money so I don't focus super hard on winning and playing optimally. My idea is to just accumulate assets and overtime on the next bull run, I cash out on a massive win. But you never know so I try to have fun as well in the process
I think there's a lot of big issues with p2e in general - overpromising, bad gameplay, teams going wrong direction, community coming in with wrong expectations, not enough web2 people, etc... There's a lot of games doing it right. Best one I've seen so far is on SOL, CatchKing, wonderful group. It's still in closed beta, but I believe in their mission. I've been running a free to join, free to stay metaguild for over a year. If you ever want to talk to me on a podcast or any of your platforms, I'd love to share! I have a lot of experience in the space, a lot of doubts too haha, but I've worked in it, invested in it, been deeply involved, etc... Have a good one luke, great video.
This is also the reason that Axie died down after a year of reigning as the best NFT game. I also hear other traditional gamers wait for great games to be out, and would even ditch the earning potential just to see good games. We're on the same boat in terms of supporting these games, regardless of the earning potential and I've been trying out free-to-play NFT games on Google Play Store and some launchers, as well as the car racing game of Nitro League. You've definitely pointed out the core problem and I would love to see the future games solve this.
Just stay around, start putting some chips on the table in 7-9 months, in splinterlands case its better to buy some chaos legion cards/packs starting in 3-4 months, then ramp up all the way to 12 months from now, then you "invest" by not selling the rewards until the mania phase which will take years to get there, but it will get there Edit: the goal is to buy much close to the bottom then the top, when the risk is low, also you will not get the perfect bottom
I actually have been buying some max lvl CL cards to play with. Again though, it has nothing to do with investment, it's because I want to still play the game and connect with the friends I've made in Splinterlands. Also haven't really sold anything besides to reorganize my deck in Splinterlands. I guess I sold some SPS too but I've put that into cards or HBD to buy some more later.
@@Luke_Jech now they need a way to stabilize sps price until the next bull run, i will be working on a proposal i have a few ideas Anyways there is nothing wrong with selling some cards now specially those who have a high chance of going down, besides you can always buy them back later when the market is safer, even tho they might be at a higher price
Bought a Kron for $36 flipped him for $68 worth of DEC once it pegs its worth $114 im just glad to have a win XD my assets are down atleast 50% so im holding for the next bull market hoping SPS hits $1 aswell that would be fireeee
This is crypto winter lol all the conversations are starting to shift. Everyone's mentality is shifting towards this kind of thinking. So different than how people get caught up in the hype of bull markets and sentiment. I think you've landed on some misguided conclusions here, but best of luck to you! All of this will continue to evolve, glad you're still along for the journey!
For sure, sentiment changes but also I'd say it's not just sentiment, it's philosophy and values that can also change. Even if we get to another big bull run, I'm not in it to flip and flop NFTs and tokens, I'm more of a gamer first anyways and always have been.
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So, what happened to your Gargoya Lion collection? Printing has practically stopped. Thought this was your thing and worth the mention.
I 100% agree with you and am completely on the same page re: NFT gaming. I started playing Splinterlands around the same time as you. I made a decent-sized investment which is basically gone now. I still play regularly but I'm not making any additional investments other than buying some cards now and then using credits. People keep saying "the bottom is coming" but I have zero confidence that SPS and DEC will ever rebound or that card prices will rise significantly. I'll hang on to my assets for now unless they go up a bit and then I'll probably cash out and stop playing. I admit I bought into the hype and listened to people who were either not being truthful or who were just plain stupid. Either way, it's clear to me that crypto cycles are extremely volatile and highly unpredictable and combining that with a game is probably a bad idea in general. Cards as NFTs is great. Crypto economy stinks.
when you sell the bottom is either very close or in, ive seen this sentiment before
Yeah honestly I have no clue what will happen to prices, I've stopped trying to predict 🤣
More so I enjoy playing the game so I still do have "assets" for Splinterlands but I'm not tracking their value. I mean of course they go up I won't be mad about it but that's just not my focus.
@@Luke_Jech thats the spirit, i will just stay around aswell
@@lordfeeda9627 The big problem I have with crypto in a game like Splinterlands is that if the "bottom" lasts 2, 3, 4 years or more, it will have a significantly negative influence on the game. Most crypto people I trust say that values probably won't rise until late 2023 at the earliest, if at all. That's a long time to wait.
the funny part is, I'm willing to bet you're going to be more successful with your current investing strategy than your previous
I just put some money in in order to get the ball rolling and flip. I of course play a bit, but I know that's not going to make me much money so I don't focus super hard on winning and playing optimally. My idea is to just accumulate assets and overtime on the next bull run, I cash out on a massive win. But you never know so I try to have fun as well in the process
I think there's a lot of big issues with p2e in general - overpromising, bad gameplay, teams going wrong direction, community coming in with wrong expectations, not enough web2 people, etc...
There's a lot of games doing it right. Best one I've seen so far is on SOL, CatchKing, wonderful group. It's still in closed beta, but I believe in their mission.
I've been running a free to join, free to stay metaguild for over a year. If you ever want to talk to me on a podcast or any of your platforms, I'd love to share! I have a lot of experience in the space, a lot of doubts too haha, but I've worked in it, invested in it, been deeply involved, etc...
Have a good one luke, great video.
This is also the reason that Axie died down after a year of reigning as the best NFT game. I also hear other traditional gamers wait for great games to be out, and would even ditch the earning potential just to see good games. We're on the same boat in terms of supporting these games, regardless of the earning potential and I've been trying out free-to-play NFT games on Google Play Store and some launchers, as well as the car racing game of Nitro League. You've definitely pointed out the core problem and I would love to see the future games solve this.
Just stay around, start putting some chips on the table in 7-9 months, in splinterlands case its better to buy some chaos legion cards/packs starting in 3-4 months, then ramp up all the way to 12 months from now, then you "invest" by not selling the rewards until the mania phase which will take years to get there, but it will get there
Edit: the goal is to buy much close to the bottom then the top, when the risk is low, also you will not get the perfect bottom
I actually have been buying some max lvl CL cards to play with. Again though, it has nothing to do with investment, it's because I want to still play the game and connect with the friends I've made in Splinterlands. Also haven't really sold anything besides to reorganize my deck in Splinterlands. I guess I sold some SPS too but I've put that into cards or HBD to buy some more later.
@@Luke_Jech now they need a way to stabilize sps price until the next bull run, i will be working on a proposal i have a few ideas
Anyways there is nothing wrong with selling some cards now specially those who have a high chance of going down, besides you can always buy them back later when the market is safer, even tho they might be at a higher price
Bought a Kron for $36 flipped him for $68 worth of DEC once it pegs its worth $114 im just glad to have a win XD my assets are down atleast 50% so im holding for the next bull market hoping SPS hits $1 aswell that would be fireeee
This is crypto winter lol all the conversations are starting to shift. Everyone's mentality is shifting towards this kind of thinking. So different than how people get caught up in the hype of bull markets and sentiment.
I think you've landed on some misguided conclusions here, but best of luck to you! All of this will continue to evolve, glad you're still along for the journey!
For sure, sentiment changes but also I'd say it's not just sentiment, it's philosophy and values that can also change. Even if we get to another big bull run, I'm not in it to flip and flop NFTs and tokens, I'm more of a gamer first anyways and always have been.
Yup tried game development and gave up half way lol! way too much work for one person.
Blasphemy Luke! Blasphemy!
Oh no
Oh no?