Buying SPS again
I decided to buy some SPS today, a small amount, but it will add up. I really want to reach 12k, and even though I do not have anywhere to scrap funds from, I still believe SPS is worth owning right now, especially if you are staked and using it to earn glint and SPS in ranked battles.
My primary motivation is to use it to improve my standing and potentially earn more SPS rewards. Now I am not sure why the SPS price is still so low; it could be a market phenomenon, I am not sure. I saw some SPS whales buying a couple thousand today, and he was very bullish.
Of course, this will increase his earnings. Many splinterlands whales in the modern league earn around 55 SPS per battle, and most likely more than 700 SPS per day. That is definitely on a different level. Of course, they have invested a lot of money, but playing in the modern era gives you the added advantage of owning even more SPS.
Personally, I do not believe the main reason modem is profitable is because Spiterland INC wants to drive more players to modern. I think they want to use the lucrativeness of the reward in modern to actually make people buy more splinterlands asset, so they they can compete.
Of course, people would still prefer wild to modern if the reward was only slightly better, but the reward exceeds that of wild by a factor of 9:1, which is clearly astronomical. So, this should perpetually drive more players to throw in more money and buy assets then compete in modern.
I am not sure if this worked, but modern is currently sparsely populated, with only a few mega accounts earning a large SPS bulk. It is all good; as a small-time player, I am only trying to buy what I can, one day at a time. It is always exciting to place a buy order when SPS is so cheap right now. I also powered up the Leo from my hive engine, and steady eventually won the race. I am bullish on SPS right now, and I believe many others are as well, and it is a good place for anyone to invest.
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Wow bro, It sounds like you've got a solid strategy going on with your SPS investments. I agree that the rewards in modern are tempting, and it's exciting to see how it all plays out. Good luck big Chief, you're making so much progress bro
Thank you
You're most welcome as always my very good friend 👌👌👌🥰
Honestly, 700 SPS per day is no jokes
That’s a lot!
But they've also invested thousands of dollars into the game
A good way is to use brawls and tournaments (There are bronze with 3000 SPS requirement and 6k for Silver). Doing both all the time will get you there faster.
Yeah I've heard of these tournaments but I haven't really paid much attention to them or thought of entering them, maybe it's time. Thanks for the update
Making 2-4K every season on tournaments.
It's huge though, very decent too.
all levels from bronze to diamond, if you do bronze, silver and gold, is still good.
It's kind of crazy to see how much SPS they can earn in modern but it's super competitive there. I gave up on Modern a while ago and I just tend to go with whatever SPS I earn from fights/brawls. I think I increase around 500 SPS per season so it's a slow process.
It's super crazy the amount they can truly earn in modern. I don't even have the deck to compete in silver modern not to talk of. However, it's that competition that makes it super lucrative
That doesn't sound too exciting. Either way, congrats on being determined to increase your SPS stake to improve your earning potential.
Well, we all know that money is used to make money, those people have probably put in more skin the game (pun intended) and they deserve it.
Thank you