$2500 per month from Splinterlands will change my life
The numbers are in and I must say, they look very encouraging. Judging by the projected earnings from my daily SPS airdrop, I feel a certain level of assuredness for the future.
As nice as it sounds though, crypto doesn't work like that and along the way, there will be fluctuations. However, most of the time, your chances of making it is about timing and decision making.
At the time of writing, there are roughly 286 days of SPS airdrop left to come. In that period, there will be fluctuations in price, and the number of tokens you receive every day.
If the competition gets stiffer because of demand, then your SPS volume reduces, and the dollar valuation of SPS or DEC rises accordingly.
The question is, will you be able to stay the course? Will you make it to the end?
Fuelling my long term goals
I have a bunch of long-term goals to achieve and they're heavily dependent on finance. Assuming I was to achieve it from my SPlinterlands earnings, then I'd need SPS tokens to get to about $5 and just instantly fix the problem.
Assuming things stay as they are right now, I reckon that in six or seven months, I should be in a relatively good position to get us out of here.
Ultimately, it's all money and SPS is where I'm getting most of the money from.
I've been able to pull out some funds from selling assets and tokens but most of my earnings have actually been reinvested. I'll talk about that topic in a separate post.
The point is that there's a chance that SPS might just be the solution to my relocation problem but that is all dependent on if prices stay at a healthy level and maybe even rise to astronomical heights.
Also, since I intend to continue staking SPS while taking profit, this might slow down the process but that's still fine. At the current rate of daily SPS I receive, I just need to stake tokens consistently for 12 days to achieve my target of 1k SPS staked per month and the remaining 18 days are free game.
Also, considering that I earn even a bit more SPS from staking and the amount of SPS from staking increases as you state more SPS, then in later months, the amount of SPS I stake from my daily airdrop will reduce.
More money to run
This is a welcomed development in my books but all of that is dependent on the price of SPS tokens and that's what scares me.
The Splinterlands market is very reactive and the trading activities have seemed very kneejerky. I hope I'm wrong though, and I hope people stay the course like I intend to.
I hope the game brings in even more investors that will enable the expansion and growth of the platform.
I don't know about other people but right now, I'm heavily dependent on Splinterlands and that's something that scares and reinvigorates me in equal measure. If things continue to proceed as they've been going in recent times, I'll be fine but if something goes wrong, all my plans are fucked.
For what it's worth, Splinterlands has a glittering track record, and so I'm fairly confident about the success of the project. However, there's nothing wrong with a dose of pessimism in your optimistic coffee to give it a more balanced taste.
Contact & Support
- Discord: belemo#9593
- Twitter: https://twitter.com/belemo__
- Telegram: uncleskipper
- Email: [email protected]
- Hive.vote page
- ETH and BSC wallet: 0xC75E34E3ee9a343041B3322E1bD97b4940Ed721d
- Bitcoin Address: bc1q635vre2jj9zhde9cyvflyz4h9c0p57gg3s3yre
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https://twitter.com/belemo__/status/1448577779931418627
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I’m learning to be add bit pessimism into my natural optimistic thinking.
Good luck with your SPS journey:)
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Would be great, no doubt :)
Where do you plan to move?
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We're explored a list of countries;
Canada, UK, and Poland are the closest options for now
Canada and UK are becoming highly restrictive with their shitty covid policies, but you have English language that is at hand. Poland... I don't know, I don't believe they're that draconian though. Polish people drink a lot though...
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That makes them my people lol
It is the constant dilemma - how much to re-invest, how much, and when, to pull out.
I think we'd be insane not to take something out NOW, just not too much, but over the course of this year certainly 20% of earnings would be sensible, even up to 50% would still give you a good re-vest rate!
I just decided to focus on the volume and not the dollar valuation. So I'm staking like 1k SPS per month and anything else is either sold or held until it SPS pumps and then I sell.
Got to take Something!
Although I am very bullish on Splinterlands but always practice caution with crypto market. However, like Warren Buffett said if you know a company will do well in the future why would you want to diversify. I am contradicting myself, lol.
This sounds very gibberish. I clearly have a lot of catching up to do!😂
I am in a similar boat. I have high hopes for Splinterlands but as with everything in life caution is important here.
For your sake I hope SL continues its journey to the moon so you can get out of there.
Fingers crossed bro. Next couple of months are going to be so awesome if things manage to even get better than they are now