So have written a bit before on the Splinterlands "Land" Praetoria Play. Basically, I am 'gambling' (playing) that Splinterland's Praetoria Expansion will either lead or benefit from a new bull market in the Splinterlands Ecosystem sometime in the next years.
Here are some of my previous posts:
Splinterlands Onboarding opportunity
Land, Grain and Totems
First Legendary Totem Combine!
Now it is the case that we might have actually hit bottom basement prices! The excitement has passed (even though GRAIN:DEC LP is probably launching tuesday), and people are selling out to "greener" pastures. This always brings opportunities, but only for those who believe in the project. I am making no advice, just documenting my own journey observing and trying to value things around the decentralized development space.
Cleared plots are going for 14 dollars, which is 17.7k DEC right now. To my eye though, the cheapest plot on these markets are the 15 dollar (19k DEC) plots with building in a box. Not only are they in the Pristine Northwest, a much more active region for the Secret of Praetoria, but the BiB has a built in 10k DEC "first level building". Sure, they already dumped their power cores, but that's 9k DEC net for the plot, a good enough deal that they might even be worth it to pick some up and let them sit without cards on them.
And this is just on the low end, which is where I like to focus since I don't have a ton of "whale power"; most of my portfolio is locked up in interesting Colombian Real Estate projects. But there are BIG opportunities at basement prices on the high end as well.
Take this region for sale, being advertised by the eminent Goldmatters. This deal includes a whoe region worth of plots, research points, maxxed cards and titles, power cores, Buildings in a Box, Unstable toems, and 5.8 Million DEC-B.
Wow, I can only guess what a deal like this might be worth, probably north of $20,000 USD, considering that what I believe is the most expensive 'crown jewel', the castle, is probably worth at least $8,000, though who can really know in such a bulk deal - my experience is that in such a big deal 30% of 'fair asset value' is not unheard of, if offered in a liquid form such as stable tokens. And seeing as fair market value is as low as it has ever been, although maybe not 'as low as it can go', I think anybody who ends up grabbing this up could be a very lucky person.
Time will tell
Of course, there are no crystal balls in life, we just do what we think it right, what we think is fun, also often what we have to do. Trying to line ourselves up on asymetric risks is the name of the game on this frontier of decentralized development. If we wanted a sure thing I guess we would do something else with that part of our portfolios.
