In the Crypto market now is a good time for the accumulation and this accumulation cannot be for the short term. Anything less than one year is considered a short-term investment hence when I say long-term then it is one year at least or more than one year if possible. Generally, when the market goes up people get greedy and they think of buying more and expect some drop in the market but when that happens then they are not able to buy because they get scared at the same time that is how this market operates. Even Bitcoin is available at a discounted price this time hence whoever purchases now would be happy when the value appreciates. It is obvious that Bitcoin is going to grow a lot from here and it is just a matter of time, but do we know when is it going to happen then the answer is no. We don't know when the price is going to increase but it is clear that it will happen someday which can be the end of this year or maybe the unpredictable next year.
Similarly, this time SPS accumulation is also good, and I have been doing it for quite some time. I buy SPS quite frequently these days and whatever I purchase from the market is added to my holding. The reason why I continue to power up all the S P S I buy is because I believe that there is no benefit in keeping the sps in idle form. The moment I power up it starts earning an APR and also helps me to get better in-game rewards.
I currently have 1482 sps tokens in hive-engine and all this is purchased from the market. I also have 136SPS in the game account which is earned. This way I have more than 1600 SPS which I am going to power up right away and for that, I need to withdraw SPS from Hive-engine first.
I have received SPS from hive-engine to my game account.
Now this is what I have in total that I am going to power up.
I have powered SPS and now I hold more than 185K SPS tokens in my account. All these tokens are staked and it is part of my long-term strategy in the game because holding more SPS helps in many ways. Currently, we can earn an APR of 11.4% on the stake which I think is not bad however I see some decline in the APR percentage as well. Sometime back it was more than 12% but now it is less than 12% which is common in the market. This APR is never stable and it keeps on fluctuating depending on various factors but even at this percentage I believe it is good to hold the tokens in the game account.
We also have the option to lease out the SPS power and earn about 5 or 6% APR which can be a good source for the passive income as I see that there is a lot of demand in the SPS marketplace. I do not lease out my sps power because I use it for myself and even it is not adequate for me since I play in the Champion League hence, I am not able to get the highest reward multiplier. A bigger SPS stake means I can get a higher boost and that is why I am trying to accumulate whatever maximum SPS amount is possible this time and the price is low in the market. I don't know what price we are going to see in the market for SPS by the end of this year or the next year but for me, in the game, it is important to have a good SPS stake and that is what I am trying to do.
My goal is to have 200k sps as soon as possible and I expect that I should be able to achieve it soon. I was expecting that it would take time till year end to achieve this but looks like in the current market situation this is going to happen soon and since now we are left with four months for the year which is more than enough time for me to achieve it anyway. Maybe in the Next two months, I should be able to make it 200k sps. But even after that, my journey of accumulation will not stop because after that goal I will try to stretch further and with a bigger stake, I will also be able to get better rewards and even based on the APR my daily reward will also increase.
Snapshots taken from splinterlands.com
Thank you
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