Splinterlands - Did I Make A Mistake Buying Waka?

in #hive-133233 years ago


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Sometimes when you buy an item you feel somewhat of a FOMO there is a bit of buyer remorse the comes after it. On the day phase 2 of Waka Spiritblade arrived I had that feeling. Over on Atomichub the sale of the card was in WAX and in north of 5,200 WAX per max regular Waka.

For months I have been saving my crypto for a large purchase and here arrived one. My favorite cryptocurrency game, Splinterlands, offering a very limited 960 prints ever to be made legendary summoners up for sale. Phase 1 went by in an instant but phase 2 well not so much.

Waka Spiritblade Lackluster

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The most active daily active users cryptocurrency game could not pull off a fire sale for one of is most limited edition cards ever to be printed. How bad was it?

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On the first day of its sale on Atomichub there were a total of 19 sold. After that not anymore were sold. On a positive note the gold foil edition sold 13 on day one. All in all less than 10% of the entire open market of Waka Spiritblades were sold.

So what could have caused this? For one not many WAX holders probably were into Splinterlands and the fact that many who were involved in the game do not have the wealth of WAX as if they do in other tokens such as DEC, SPS and Hive.

Waka Spiritblade Sales To Come?

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The developers decided to bring over all the remaining unsold Wakas in game and provide about two weeks time to sell all the cards at $1500 and $7000 for gold foil respectively. Any remaining cards not sold would be burned in turn reducing the overall amount of Waka ever to be offered in the game that much lower.

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As of now there are a couple Waka being offered even under $1500 marked price when first minted. Although not many are offering under $1500 it is still concerning that there could potentially be further drop in card price.

Conclusions

Buyer remorse has set in a little as of now news is I could have paid for the card through in game if I had waited a bit longer. FOMO got to me this time and likely many more times to come.

Still I have used Waka just a little over a week and have to say it has been more of a help to raise my game to a better level. That goes with saying I had to spend north of $1500 for the card when I include the swap fees from Hive to Wax. At any rate I do not want to sell now as I simply would be incurring a big lose. Meanwhile having the card has allowed me to earn more by winning enough to rise in leagues quicker and allow me to win more matches.

I may have some buyer remorse but I still overall had mostly a positive experience holding Waka for more than a week now.

Until next time thanks for reading!!!


https://images.ecency.com/p/HNWT6DgoBc1692QWn5trsLBYecSp3jKD1kzdmSDR4FGzPSXomkgLtisN5TzrwHTsD1D4ocqDPHpFztKzeH4ibh1vQVU3d3dSaB6VYJ1U3RdsSDi5spmdafX25ph.webp?format=webp&mode=fit

If you want to play splinterlands then SignUp Here

I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:

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If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!


THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!


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I leased the monster for a while and it was kinda good but honestly, not all that. Being in death means I could combine it with a couple of plague monsters and shit but overall, I don't think it is worth the money.

At the time you paid over 5K wax for it, what was the USD valuation of wax you spent?

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Around 1580 hives if I remember correctly. In any case the conversion fees and drop in wax value right before the waka sale made me have to spend more than I had hope in wax.


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Celebrity endorsements don't mean anything to most Splinterlands players. That's the hard truth. They only value utility and the meta of the card. I really regret buying Waka. He's good in the lower leagues but only average in diamond and champion.

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I'd just start renting it out and hope for the best.

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NFTs are still a gamble as they benefit from the hype at a certain point and after it you don't know what it will be. Only their utility adds value and who knows maybe more fans will come here after being shilled by the superstar. Things can change any time for the better.

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Nice of you to put it in a positive note. I have been burned many times on wax in regards to buying in on the hype and only having to sell at a huge loss because I didn’t have the time to play. Splinterlands at least I’ll know I can hold the card for years and still hold up in value to a certain extent.

While I know those cards were not part of the latest card sales, most of the prices are down a bit right now, but likely to pump back up when the current round of cards sell out.

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I hope it pumps but not going to hold my breath for it. The 2021 pump came and went on totally different time than when crypto market price pumped. Just have to go with the flow.