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Buying My First Plot of Land

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@mistakili
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Ladies and Gentlemen, I finally got myself a plot of land today, on Splinterlands. I’ve been monitoring the price for over 5 months for the right time to get in, I watched the price grow from $20 to around $860 where I think it peaked and has been ranging from $700 to around $900.

Today I caught the price at $580 and I suddenly knew it was time for me to become a land owner. After making necessary transfers, I clicked buy but somehow ended up paying around $700! lol I can’t even explain. I guess the price had changed in that small margin of time and I clicked buy anyway. Well, it is what it is isn’t it!

I’m confident in this investment for several reasons. First of, it serves as an hedge to the possible drop in Hives market value. At the moment of writing this post, Hive’s market value is $2.19. The plot cost 340 issshh Hive. One part of me will like to sell it back at a profit and another part of me wants to hold it and actually use it in game.

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Since this whole metaverse craze began, games with Lands for sale have gone bonkers with sales of Lands, Decentraland, Sandbox, etc to the tune of $106M. All nice and good but you know who has been missing in most of this action? Splinterlands. Although a Splinterlands Region recently got sold on WAX for $700k which is cool as a glimpse at what is possible.

We’ve caught a glimpse of how a supply shock can affect the price of Splinterlands assets, Lands especially, based on their extreme scarcity, I have an immense feeling that there’s a massive upside potential to the market value of Lands/Plots but we might not see it until the Lands part of the game is released and everyone starts to FOMO.

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Moreover, Land is something I’ve always wanted to get in on the action with and I’m glad I finally do after watching the price climb from 20$. For this buy, I sold off some SPS and some Hive, the price of Hive also came in handy. Also, by holding a Plot, I’ve automatically increased my SPS airdrop count by few points.

Rumors about Plots/Lands utility say that staking them will bring returns when that part of the game is finally done, so I guess there’s that to look forward to. It will be really cool if the next release after CL is Lands and won’t take so long, but whatever I don’t even care, I wasn’t planning to spend the Hive anyway, it can take as long as it needs, as long as it comes out badass!

When I tell you guys I’m blockchained, this is part of what I’m taking about. Imagine I call my dad and tell him I just got a Plot of land and he asks where and I tell him on Splinterlands, I’m sure he’s going to drop the phone and shake his head in disappointment 😂😂, but not for long anymore. He’ll see the result soon enough.

I’m just playing my part in the metaverse. This is my first largest-one-time-investment in my entire adventure into Splinterlands. I’m really excited about it, it’s my Christmas gift to myself, and also the first ever......of many to come. Hopefully. Lol.

Okay....this is all I have to say. Now I’m going back to brainstorming how I’m going to make all that Hive back in the shortest time possible with the best trades spotable. Wish me luck.

And don’t forget, battle till you drop.

image by @daltono

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