Good morning Splintergang!
While things may seem bleak, I believe we are making the proper strides to "righting the ship".
No one knows the future but for now, let us just look at the Daily Chart:
Overall, it's pretty ugly for anyone holding the token BUT... Look at the RSI 👀
The RSI is BURIED. It's so "Oversold" it's RIDICULOUS. This is the best moment to enter the game in HISTORY.
Let's just say I have WAY more than that invested and no where near 1,000,000 SPS.
In addition to the Daily Chart, the Weekly Chart is giving me one of my biggest "buy signals": Price Level, Chart Pattern, RSI
But I do feel like we are at a level where I am confident to purchase some SPS for a Trade/DCA. There is a possibility we see another 50% drop to $.005 or even lower... but I don't think we will.
But I said something else... I said something MORE important earlier... I said:
This is thee single best time to enter Splinterlands since I have been involved in late 2021.
Wut? Why? Are you insane? To answer the latter question: probably.
"Why" you ask? Let me explain:
SPS: All Time Low = Best buying opportunity EVER
DEC: All Time Low = Best buying opportunity EVER
Cards: Ridiculously Low = Best buying opportunity since Sept 2021
Land: Prices down near the Presale (don't ask how much I paid for my first one)
Licenses: All Time Low = Best buying opportunity EVER.
Looking at it from that perspective, rather than "holy fuck I am so underwater"...
If I had to pick a time to invest in something based on charts/price opportunity... I would pick now or in the very near future once confirmation of a trend reversal happens. The "value" is insane!
I mean, we paid WAY MORE for this stuff in the past and now are timid to buy it when it's at levels we said "Damn, I wish I could have bought in when it was at $X... those guys were lucky" 😐😐😐
We are almost at the halfway point for SPS emissions: 1.5Bn of 3Bn.
As those slow down, supply dries up. Those that are here now and can scoop SPS for $.01 or less... will be looked upon with ENVY... the same way we look at @mattclarke and all his Flesh Golems :P
That's just my two DEC though, I could be wrong. I did buy $500 of SPS at $.009 however. Just saying.
Enjoy the Hopium ya goobers!
Cheers 🍻,
- CaptainDingus
