Excellent! Like you, I bought one tract in the "second" round pre-sale (via a pool). I have also been considering buying individuals plots, partly because that will likely be the ONLY amount I will be able to afford. The issue now is how to PACE the purchase of individual plots. What do you predict will be the cost of "one plot per month" going forward for the next 12 months (after the pre-sale ends)? I will PROBABLY be able to afford one plot per month", justifying the purchase with a combination of the "gold" and "gold promo" and "guild" bonuses I get with my collection in daily battling. Then there will also be income from the 100 plots (tract) that can be factored into the equation. Do you CONJECT that the average SERIOUS player (like myself) with a collection of this nature : https://peakmonsters.com/@transcript-junky/collection plus 100 plots of land, would be able to sustain a "one plot per month" pace of purchasing additional land? Just curious as to whether you think this (what I believe to be fairly "modest") monthly ("dollar cost averaging") purchase would be FEASIBLE, all factors considered... Good post...
In my opinion, 20 bucks is an absurdly low price for what is being offered. And until ALL the land is sold, you can feel confident that the cost per plot will never rise above that. Buying land over the next 12 months (in any quantity or frequency) is a great deal--for as long as $20 land is available to buy.
Once all 150,000 plots have been sold, I predict the cost for a single plot (on the player-driven marketplace) will skyrocket. After the land expansion has been implemented in the game, people will quickly realize what they have and treat each one like a golden goose.
Ah. Yes, my main issues is "How long do you predict the land plots to sell for $20 USD each? That rough prediction will help me decide on the frequency of purchase. I've started at "one plot per month because that is what I believe I can FEASIBLY afford with my handful of sources of DEC, Hive, and other crypto income. I AM open to "two plots a month" or even up to "one plot per week (assuming I can find the funds). All of my crypto value is now in Splinterlands, so I will need to figure out a strategy of coming up with the $20 per plot (likely a combination of Hive post payouts, portion of daily DEC income, DEC from quest and season rewards, etc. Any thoughts?
I'm guessing that the $20 plots will sell slowly until either (A) an incentive or benefit is implemented that applies to land owners or (B) we get closer to land being made "live" in the game.
Of course, it's always possible that some whales start buying up land, triggering mass FOMO hysteria. That could happen at any time.
But you're PROBABLY safe for the next few months. But don't quote me on that, haha.
Hey Nate! I followed through, tonight at 11:30 pm (my time) in buying my first "one plot per month" plot of land. I'm glad you posted about this, as I had NOT SERIOUSLY been considering buying more land until I read your post and went back and forth with you. I will now be in the processing of figuring out how to offset the (current) 20,000 DEC cost of the "one plot per month) via my various DEC income sources, and will likely CONTINUE buying the one monthly plot for as long as I can come up with the cost of the plot each month. Another good thing about this kind of gradual buying is that it will keep us moving forward while we wait for the land to actually live, and so I think that, PSYCHOLOGICALLY, it's a good move. Thanks again for the push on that, and if the value of the land MOONS then you will have been partly the reason for that (for however many plots I am able to obtain going forward with this plan). Let's hope our general sense of the FUNDAMENTALS of the land are correct and that we end up benefitting, BIG TIME, as this thing evolves. Like, maybe the plot I just bought has a castle on it. That would be totally BITCHIN'... Peace...
Wow, that's awesome! And don't forget to check other markets too. Remember: Land plots can be tokenized and traded on platforms such as Hive-Engine.
Roger that. Whoa! Just saw that my swap.btc jumped up ~ $20 USD in value since yesterday! So my first plot is ALREADY paid off! Haha! By the way, which token would I trade in Hive-Engine for the land? I could purchase at least one of those so that the token will be on the top of my list of tokens in my Hive-Engine account. If you could give brief direction on how to buy "one plot" on Hive-Engine that would be very helpful, if possible.
You would deposit HIVE, then use that HIVE to trade for other tokens on the platform. Search for the token named "PLOT", then place a buy order using the HIVE you deposited.
Plots are currently going for around 11 bucks on Hive Engine I think.
Once you have a Plot token, you can send that Plot to your game account anytime from the Collection screen. Since you already have a Plot, click the menu icon for that row and select "tokenize". You will then be able to send the Plot from Hive-Engine to your in-game balance.
Helpful response. I think that the goal of "one $20 US land plot per month" is a feasible goal for me until the price exceeds my ability to buy one plot per month. I will also be working on figuring out how to fund the "one plot per month" purchase (ex. with which token, from which sources (daily battle, hive post payouts, Guild and/or "gold" and/or "gold promo" bonus DEC, etc. It looks like the conversion of DEC to USD works out to roughly somewhere between 20,000 DEC - 21,000 DEC . I currently have 135,000 DEC in my in-game wallet, and I don't think it could hurt to kick things off by buying the first monthly "one plot per month" when the main sale starts tomorrow, and then spend the rest of the month working on recouping that amount. Based on my general sense of my income over time in the game I think that it WILL be possible to somehow recoup $20 USD per month via my regular activity in-game. Thanks for your input.