My Progress On Hive And Splinterlands
My overall net worth had dropped a little more than 5% since I last reviewed it about a couple of weeks ago. However I have been converting more of my assets into Hive and staking for HP. Again I want to aim for getting back to breakeven on my HP earned by hitting a KE close to one.
Here is the chart on my rate of staking Hive in the past thirty days.
As the chart illustrates I have mostly been staking more Hive in the month of July than to organically grow my HP stash. I hope to continue this in August. In order to do so I will have to start selling my Splinterlands liquidity.
With another mainly passive season for me in Splinterlands I will be focusing on earning income in SPS and DEC. I will have to balance between Hive and Splinterlands.
It is frustrating to see SPS in a downtrend but with token in a downtrend most of its life cycle I guess I have to say frustrated but use to it. When a token is 99% down from all time highs its not going to make much more of a difference that the remaining 1% trends down. I still believe in Splinterlands therefore will continue holding SPS for one day it may go much higher.
Looking at the Hive to DEC ratio it is near a high so it maybe a reasonable plan to swap my DEC into Hive and swap back down the road in the future to capture some arbitrage.
It is tempting for me to buy high and sell low and as of right now Splinterlands is in that camp. The trend is down but I have to find a balance in how far I want to sell my SPS and DEC for Hive when prices continue to fall.
Posted Using INLEO
It's exactly like that. We work hard day and night on the platform and that's what we achieve our targets. But when the market goes down and prices go down, our portfolio goes down a lot.
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Splinterlands is having a rough time when it comes to assets, but I kind of expected it. As for the KE ratio, I think that your current ratio works out. I don't think there is a need to get it under 1 unless you want to.
Getting my KE ratio to 1 makes me feel better. That way I know I actually increase my earnings overall from day one of posting on Hive. I have been so focused in Splinterlands cards and now want to diversify a bit.