Alpha and Beta Epic's on the rise. Sorry about that.
The addiction is real.
I think that addiction is the only way to describe what is happening at this stage. Any sensible person would be selling for a massive profit instead of buying at 20x what they paid for them a few months back.
The @splinterlands team has really ruined my self control and will be the reason that my relationship breaks up. The whole system is just too addictive.
While I do still play the game every day and compete for quests and cards. The rental market is where the fun is. At the moment I'm flirting with 10K DEC per day in income which is a fantastic amount to be getting.
I know that these numbers will likely not last forever but it's more fun to keep re-investing and adding to my deck than to cash out the income. That will come in time if the game keeps growing at this rate.
Until then I will double down and keep buying.
My poison at the moment are beta and alpha epic cards.
They are very in demand for rental and can net 200 % - 300% in returns. Especially mischievous mermaid. I have managed to snap up 23 of them over the past few weeks and have 0.95% of their total supply and growing. Unfortunately the supply has dried up as it is a rare card and will have to wait for a few more to come on the market.
I currently have them all rented out at 395 DEC per day for 137% APR. My level 5 is dragging down the percentages at just 40%.
On the plus side since I keep buying up limited supply, the values keep going up and making them even more valuable.
Here is before and after my latest purchases.
Look at the Defender of truth and Mermaid that have jumped from $80 to $100 and $180.
Luckily I have been buying them up since $40 but with limited supply the price jumps are getting bigger and bigger. Did the same with Magi Sphinx and Dark enchantress alpha and beta versions.
Soon there will be nothing left in this Epic section left under $100.
It might take a while but I'll try to wipe the whole supply out.
I'm selling level 1 Untamed that have terrible rental prices and buying more expensive cards but they will keep going up in value due to limited supply and give a far better rental return than having hundreds of untamed common that are hard to manage and could drop in price when chaos legion drops next month.
Just doubled the base cost for Raging Impaler as I made this post too. It was looking far too cheap at $29 so now it's $47 for the lowest on the market. Sorry about that.
This is a big part of the game and the markets have created a whole new dimension to gameplay and earning. I love playing the markets and there is a lot to be made from playing it well.
We have more players joining every day and very little new cards so there is never enough to go around. Anything with a supply of under 5k cards will be impossible to come by in years to come and earn a nice return on rentals.
It's a win win.
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Urrrgh....Now you've got me looking back in the market.
I was about to go to bed, now I'm debating what to buy next LOLOL
Keep going. There are lots more gold foil legendaries with your name on them.
It's so tempting to buying cards but I have generally just stayed with letting my DEC sit for the SPS airdrop. I did rent out a few cards on the weekend so my rental income is around 150 DEC or so a day right now.
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That's one option and something that i thought of doing.
However the cards that i buy still get airdrop points and then they get rented out for more DEC which is going up every week.
Started off with 2k rental income and built all the way up to 9k at the moment. Markets have boomed lately but adding good cards helped the growth.
Here I see somebody building a real SL rental business lol. I really like to rent out my cards but I find it somewhat time consuming to update the rentals regularly. Also I tend to leave cards too cheap on the market to be sure that I get renters. I believe it can't be wrong to invest in cards that are getting rarer by the day :-)
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That's the plan.
Imagine being able to live of your rental income and not having to work for a living?
I don't know how long this playtoearn bubble will last or whether it can get even bigger from here but splinterlands is going nowhere anytime soon so even if prices drop. There is still huge potential to be had from renting cards and getting even more of them.
Especially the rare alpha beta ones that have very limited supply. Rare is good.
do you have to be the cheapest guy in terms of rental?
I rarely go in at the cheapest rate. There are some people that undercut the market by 90% where as i try to be cheap enough to get rented but not the cheapest.
As a somewhat new player, I'm starting to see what you're talking about. I bought a few packs back when it was Steemmonsters and never played until recently. Now, I feel like I'm going to have to spend a fortune to have the chance to level up. I'm on track to maybe earn a voucher for a chaos leigon pack at the end of the presale, if my math is right. Other than that, I've resigned myself to a very slow ascent as I'm not likely to spend very much just for this game. I enjoy it, but I can't afford to make it a major investment for me.
You could spend a fortune and level up or you could put in the time and grind and trade your way up. There are many different ways to do it.
Even buying a few good cards and putting them to work on the rental market can be a place to start. Once they are earning some DEC you can keep buying more cards and stacking a good deck over time.