Splinterlands, a collectible card game built on the Hive blockchain where players can trade, buy or sell digital assets to gain in-game rewards. It is an innovative addition to the play-to-earn games in the NFT world. Players fight against monsters to get in-game rewards.

Have time and enjoy this game check my referral link: https://splinterlands.com?ref=multicastx7

Introduction

I was hearing bitcoin or cryptocurrency way back 2017, but never interested to do research about it. This was also the year that I'm trying to understand how to trade local stocks in our country. After Bitcoin crashes on 2018, the hype seizes eventually until we had this pandemic wherein in the US, Federal Reserve (FED) decided to print more money for coronavirus aid, relief and economic security. The impact of this decision help most of stocks, bitcoin, Ethereum and other alt coins reach their new all time high in 2021. See below chart of BTC and S&P500. On November 3, 2021, FED announce that it will reduce asset purchase, as a result of this we saw Bitcoin and S&P 500 starting to fall on the last month of 2021. Then we have this Ukraine-Russia War, inflation and FTX collapse that made the market uncertain.

My Journey to Blockchain

Social media friends and a co-worker that has invested since 2017 was showing their portfolio and the returns was very high compared to my local stock portfolio. Seeing this, I was hype and decided to try this kind of market. On December 2020, I decided to pull out some of my funds on my local stock account to fund accounts for a crypto exchange. By the first quarter of 2021, I am now trading blockchain or cryptocurrency. My mindset was to day or swing trade since I'm not comfortable with the upside that happen to bitcoin. Hearing the FED announcement that they will reduce asset purchase, I sold all my asset in my local stock account and crypto asset on the exchanges except the asset that I have on my splinterlands account.

I've known splinterlands from a friend who was atleast two (2) months playing the game. He showed me the game play and the rewards system and I say the game is very interesting. I conducted research about the game and I found out about that there will be airdrop for its governance token $SPS. Since I'm not yet into games, I decided to buy and hold $DEC since this will qualify you for the airdrop.

On January 2022, I've been hearing about market crash that made me decide to hold buying stocks and crypto assets. While waiting for the market, I decided to sell my $DEC and convert it to chaos packs. In Splinterland, card has collection power that is also included in the qualification to get $SPS airdrop. The decision turn out to be good because on February 10, 2022, Ukraine-Russia War broke out. As an effect, inflation rises and the FED need to counter by adjusting interest rate that made the free fall for the stocks and crypto market. Increasing interest will strengthen the US dollar which will impact other nation fiat currency.

When Bitcoin hit the 2017 all time high, I decided to buy and hold some asset that may potentially rise after this market downturn. I selected three (3) assets and the strategy is to buy the dip but funds will be spread to have a better average.

Splinterlands ($SPS)

In the category of play to earn, I selected splinterland to be included in my portfolio. The second asset is a blockchain that uses proof of work while my third asset is a meme coin.

I will be focusing with Splinterland since this blockchain will have a big role in developing my portfolio.

Ways to Earn in Splinterlands

I made a diagram describing on how to earn in the game. It is really amazing how this game will let you earn if done properly. For this game, you don't need to have asset in order to play, what you do is to rent cards and if your a gamer and you select the best card combination, you can top the ladder board. For investor who decided to buy cards and SPS, there are lot of earning opportunities that is shown in the diagram. You can do card flipping, card rental and staking SPS. Staking SPS will let you earn SPS, voucher, and GLX. My strategy for Splinterlands is I do both as a player and investor. My funding is distributed for buying cards and SPS. The income or output of staked SPS, is converted to HIVE and traded to cypto exchanges to convert to my other two asset or to fiat for personal use.

Role of Splinterlands in building my porfolio

What I observed in this market downturn is a systemic, all crypto assets goes down simultaneously. Having more than five (5) asset in my porfolio would be difficult for me to fund especially that my strategy is to buy the dip. With market uncertainty, deploying cash is difficult to decide. Focusing on three (3) portfolio would be acceptable and by focusing funding on one asset that will generate funds for my other porfolio would be perfect. See diagram below.

The role of Splinterlands is to keep me a float on this market condition. It is somehow the same role of one of my asset in my portfolio that uses proof of work. I'm running a mining rig to further increase my POW asset but todays market condition the profitability is negative.

Lastly, I'd like to show the value from my chest reward from playing splinterlands, the color yellow in the chart below. Opening chest reward is by chance, higher rewards can be expected on this game regardless of market condition. Take note that value of SPS from staking SPS, voucher, rental of cards and GLX was not included in this chart below. This chart also shows that by increasing my cards collection it significantly increase my chest reward in diamond league. SPS earned thru battle, opening packs will increase that will significantly increase my staked SPS. As staked SPS increases, SPS rewards thru SPS, voucher and GLX will also increase.