Is this right time to Buy SPS ?

in Splinterlands3 months ago

I have invested a lot in SPS and even I have been investing in different price ranges. I mean to say I started buying SPS when its price was $0.25 and I continued buying with the price dropping to $0.01 and even below and now the situation is like whether I should buy it at this price or not. Should I wait further to see if the price is going to drop more because a similar situation has been happening multiple times? When I buy the price goes down and then I buy again then it again goes down SPS I feel like I am missing the opportunity every time I try to buy a bunch of SPS tokens. Now if I had not started buying SPS at $0.25 and tried buying at the price of two or three cents for the whole money that I invested then for sure my holding would have been somewhere around one billion or something.

The crypto market is unpredictable and we don't know how things are going to happen at the next moment. It is understood and I understand this part very well but sometimes few coins are completely different despite the fact we know that there is quite good utility for the token in the market but still people are selling which is why the price continues to crash.

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Now I am referring to the one-month price chart for the SPS token and the earlier price was 0.006 dollars and $0.005. At this price point I am not sure whether it is the right time to buy or wait for some more time to see a further dip in price but to be honest it is confusing or maybe I can say that I'm not sure at the moment. I have already purchased at different price levels and because of the continuous price fall, I have also missed a lot of low buying opportunities so now things are not easy for me. I have the goal to have 200K spears in my game account and I'm pretty much close to being there but still, there is some gap that I want to fill as early as possible.

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This is my current SPS holding and I'm pretty much close to having 180 K so if I talk about my 200K goal then I am 20K tokens away from reaching that milestone. I hope that there is a good opportunity for the buying in the market so that I can buy that in one go and reach this milestone and then I can focus on other stuff in the game. To be honest I have no idea how the market is going to behave for the SPS price so I will keep an eye on the price for the next couple of days and if it looks stable then I will go ahead and buy. If there is fluctuation then I will wait for some more time to see some stability and would not be trying to buy unless I observe the price stability on the SPS coin.

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Let's see how things go in the market and whether I get the opportunity within a week or two to get the remaining bunch of tokens which I am trying to have I am hopeful that I will get the opportunity and this will help me reach my sps milestone. Although my goal was to have this milestone achieved by the end of this year I am pretty sure that it will be done much before that again let us see when it happens in reality depending upon what buying opportunity I see in the market.

Thank you

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Who knows, who knows, maybe it's worth waiting a little longer, or maybe it's time to jump on the train :) !LOLZ

I get what you say. I try to make partial entry

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I have been Dollar Cost Averaging into $SPS since September of 2021... So that was like $.50 up to $.90+ and then... All the way down.

I earn a decent amount of SPS from playing Soulkeep, Brawls, Wild Battles, Licenses and more... but I also buy some occasionally too.

I posted a similar article about this not too long ago and I think that buying small, affordable amounts regularly is the best way to accumulate something over time that won't stress you out :)

Best of luck with your 200k and I hope you reach it soon!

DCA is a good strategy in crypto and thanks for your kind words.


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The market might be inflated again, the dip is just temporary and it might happened anytime maybe before the week runs out

This can be a possibility... i agree

Yahh exactly one can hope

I purchased a few weeks ago, but this token always seems to go down. I can't read the situation well

Its a good move to buy at low price..

Doesn't look bad, when a Crypto hits its ATL is never a bad idea.

If you are thinking and watching continuously how the position is, then you invested more than you should. Never use money you should not have. However, If I had some extra money I will be buying more DEC or SPS I think is a great time to hop on the train!

Good luck !

I am keeping a close tab on the prices these days and will buy when i see some stability..

A nice chance to buy SPS so cheap

@tipu curate

I also think so.. will go for it

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