Being Early Is Painful

Let's talk Splintershard.

I believe that it is safe to say that anyone who is holding some Splintershards is early in the game. The reason for this is because that anyone who joins Splinterlands in the next 188 days and purchases a spellbook (and I guess wins one battle or buys something) will get SPS tokens in the airdrop. There are literally more days left in the airdrop than have already elapsed, thus making it pretty likely we will see some new faces popping up over the next half year (even more likely with the smashing success of this general sale).

However, if you have been around SPS from the start you know that it has taken absolute price beating over the last few months.

Other than a bit of a pump in the middle of things, SPS has been on a steady downward path. I suppose that this should be expected as the supply is increasing each day with airdrops and there are still people making hundreds of dollars a day and likely dumping to accumulate assets like packs or cards. Nonetheless, it still hurts for those fools (?) who pumped in outside investment money in addition to what is received during the airdrop to take advantage of the staking mechanism.

I'm still a believer that this token will eventually make a turnaround as more use cases come out and when thousands of them stop being airdropped each day, but I really wish I dollar cost averaged into my position rather than pumping in $100 on a few occasions because I am down quite big on that investment. SPS is one asset that I won't consider selling until after the airdrop because that is where I believe the value will begin to form, but it still sucks in the short term... Oh well, crypto sucks sometimes.

In positive news the ratio of staked to liquid SPS is still really good at 1.186:1 showing that there is still faith that this thing will turn around. Who knows? Where do you think SPS will end up after the airdrop finishes? Do you think it can make big moves before that point? I'm skeptical on that...

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Links and Connections: Join me on Splinterlands exploring blockchain gaming Get paid for your search results with Presearch Follow me on Twitter/Instagram: @ Rob_Minnick23 Hive: @ rob23 NEW TRIBE: @dunksocial Join me on Torum Check out Cake DeFi for staking rewards Bitcoin Cash Apps: @ rob23 Join me on Publish0x to talk crypto

Who I am: My name is Rob and I am a prospective law student with interests in cryptocurrency and blockchain. I have enjoyed my time thus far engaging with Web 3.0 and am looking to continue learning more and sharing what I learn through my experience

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