An average product with great marketing will beat a great product with average marketing. This is a statement that can beautifully describe almost everything built on HIVE. After seeing the fundamentals of what has been built on HIVE along with the future plans, I went all in on HIVE and most of my portfolio is made of HIVE related assets(including the ones from @splinterlands and @leofinance). I was in for a tremendous disappointment. Money can change a great many things. The main reason many projects managed to become popular and established is because they spend money on marketing and onboarding users/developers.
To make the matters worse, we have a community that is highly averse to spending on marketing. When I think about that, it is no surprise that HIVE fell from Top 100 cryptocurrency to 3rd or 4th page (depending on the day). Many worse projects overtook us and gained public recognition. I don't remember HIVE getting any serious mainstream coverage. This is something we could have changed with DHF.
Does @yabapmatt Know Something?
Being one of the founders and designers of the game and ecosystem, @yabapmatt is one of the most well informed individuals regarding $SPS and all related assets. It would make sense to follow his wallet activity. He has some of the biggest skin in the game when it comes to anything @splinterlands related. The best part is that the insanity of cryptocurrency markets made sure the prices remain suppressed. It is possible to have as good of an entry price as @yabapmatt and pour those gains into Conclave Arcana.
Most of the SPS I have sold went into buying Cards, Plots and the Validator Node License (during Presale). At the moment, LICENSE Rewards provide a better APR than staking SPS. I have a guide to start earning with a LICENSE purchase without having any technical expertise. All that is required of you is making few clicks. Since the Rewards are given in SPS, higher SPS prices should lead to higher LICENSE prices. Keep in mind that as more LICENSEs go live, the share of SPS + VOUCHERs earned per LICENSE will go down.
Land 1.75 Goes Live on Tuesday
The complexity of the game is going to get higher. It won't be enough to bring in a large number of players. I don't think Praetoria will be a great onboarding tool. It seems better suited to keep the veterans around for longer and more engaged. The resource management is a small niche. If we can target them effectively, we could see more investment. At the moment, I consider Praetoria to be an upsell for those who are already invested in Battles and building a strong Collection.
Those of us in Land Barons Discord channel get early updates and progress reports. Most of these updates get released to rest of the players by various members either through other Discord channels of articles on HIVE like some of my older content. In case you missed out on all of them; there is always the official announcement that come few days before the launch.
Statistics from Previous Season
I have not been having the best success in the Battles and it could be a good idea to change the style of play. The upcoming Conclave Arcana will create many changes to the meta game.
| Stat | |
|---|---|
| Diamond Rank | 1237 |
| Rating | 3240 - Diamond II |
| Rating High | 3300 |
| Ratio (Win/Loss) | 0.89 (160/179) |
| Longest Streak | 8 |
The Glint I spent are exclusively for the Epic Reward Cards. I find them to be more useful than the Legendary Cards and I am very close to getting them to Max Level. Currently I have no Max Level Cards, hence any Epic Draw or Reward Chest will be useful.
| Ranked Play Wins | Tokens Received |
|---|---|
| 160 | ✨ 85434 Glint + ⭐401.297 SPS |
| Season Rewards Claimed | ✨ 88926 Glint |
| Glint Spent | ✨ (187500) Glint |
Rentals have moved exclusively towards Season Rentals. This creates a certain level of simplicity to the renting activities. What I will now have to do is go and update the few Rentals I have working.
| Type | DEC |
|---|---|
| Revenue | 68.600 |
| Expenses (inc. fees) | (2.744) |
| Cancellation Refunds | 0.000 |
| NET | 65.856 |
Imagine $SPS reaching 10 cents (a fraction of its all time high). That alone will cover up nearly half of my monthly expenses. I live a very frugal life and I can manage my life with very little income at the moment. I would rather have an early retirement over a luxury life. I have already written about my Lean FiRE goals.
| Type | ⭐ Amount |
|---|---|
| Staking Rewards | 89.570 |
| Ranked Rewards as above | 401.297 |
| Brawl Rewards | 121.496 |
| Land Rewards | 4.464 |
| License Stake Rewards | 83.024 |
| NET SPS | 699.851 |
A Lesson in Taking Profits
I have been telling people about the fundamentals for success behind many projects. I'm not paid by any of these projects and I'm not part of any of these teams. What I share are my honest opinions, trades I have made and lessons I have learned. One of the most important lessons I learned the hard way is that one needs to take profits and establish a form of a retirement as soon as possible. I could have achieved my Lean FIRE goals several times over during 2021 - 2022 if I had exited my trades and gotten ready to buy the dip over the next 2 years. I would be living a very different life if I had taken that path. Please don't make the same mistakes.
Buy Low (Now); Sell High (Later)
Posted Using INLEO
