Could Steem Monsters cards be a good hedge against the fluctuating price of Steem?

nextgen622 (71)in #steemmonsters • 6 years ago

The great thing about the Steem Monsters community is the diversity of its members, who are all willing to work together and support one another. The interesting thing about Steem Monsters is that people invest into SM cards and join in the community for a variety of reasons, whether its because they are interested in collectables, or whether they are interested in the gaming aspect, or whether they bought the cards as an investment.

For me, I bought the cards both as an investment and was interested in the gamification of the cards. But since joining the community and getting involved in trading the cards, I discovered another use of investing into Steem Monsters cards. Due to the fact that SM cards are valued in US dollars, and along with the fact that transactions on the SM market are done in Steem/SBD, it makes SM cards an interesting hedge against falling/rising Steem prices. I know when I first bought SM cards a few months back when the price of Steem was falling, I noticed a lot of people selling cards when Steem prices was declining, perhaps due to them buying packs/cards when Steem was higher and therefore making an immediate profit in Steem terms.

So as Steem prices have been volatile of late, could Steem Monsters cards again be a good hedge against the price of Steem? Let me know what you think.

In case you haven’t yet checked out Steem Monsters, it’s not too late to get started and join in the fun. You can go here to get started. The $100 daily tournaments will be coming very soon, so be prepared.

If you have a Steem account created before 12 July 2018 with a reputation of at least 30, you can claim $5-$160 worth of Byteball tokens By downloading the Byteball wallet here, and following the instructions in this post.