How Valuable are your Steem Monsters Alpha Cards anyway?

I've been in this Steem Monsters Community long enough to see plenty of the hype around Steem Monsters Alpha cards.

Yeah, and the hype train was HUGE back then.

And when rare Legendary Gold Alpha's started showing up, and people started paying upwards of $1000 per card.

The Hype just got even bigger.

_{[Source: https://steemit.com/steemmonsters/@berniesanders/my-legendary-steemmonsters]}

And remember when we were down to the last 15K Alpha Packs and were expected to sell out in days which actually quickly became hours.

Alpha FOMO was real back then.

Then as the Alpha Edition ended and the Beta Edition started people were trying to flog off Alpha Booster packs for 2-3x there actual cost only hours earlier. (Most of those people are still holding a bag of Alpha boosters. lol)

All the time thinking they would actually be worth something in the future.

We'll I'm sorry to be the bearer of bad news, but they aren't.

You see, the promised $1000 Alpha Tournaments are more like semi-regular $35 ones

And even the Alpha Gold Tournaments don't justify the price people paid for them.

So will these early investors ever see a ROI?

One would hope so, because the SM cards have value, and Alpha cards are scarce right?

Wrong!

Sure they are scarce, but the market doesn't value them.

In fact, in some cases the Beta version of the same card is actually worth more than Alpha version. #mindblown

Oh, and I tried to convert a maxed Alpha Card to Beta and the system doesn't even allow it. So you're essentially stuck with a maxed Alpha Card, that has less value than the Beta version.

Crazy Right?

The lesson here is don't max your Alpha Cards unless you plan keeping them indefinitely, or are willing to trade them at a loss down the track.

Unfortunately, for me it's already too late as I maxed some of my Alpha Cards in preparation for the $1000 Alpha Tournaments that were supposedly being rotated through the weekly tournament list.

And I'm still waiting for these big 'Bring your A-game' tournaments to appear.

But I'm not holding my breath, because even as of a few days ago the Alpha Scarcity FOMO Train was still at full speed.

All I can say is...

Don't Believe the Hype!

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And for those that didn't know you can actually convert your Alpha Cards to the Beta version in the Collections Interface. (Just make sure they aren't worth more selling them in the marketplace first)