Wahhhhhhh β’ Building: @rarebloomdao β’ Collabs β’ Thoughts posting
point nemo
Joined December 2012
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The NFT space is going through another reset. We've been through a phase like this before and a resurgence eventually happens, but slowly.
The thing is, you don't notice it happening.
We're slowly moving back towards low supply launches with collections below 600 supply.
To create more scarcity and interest. It's also easier to maintain a floor price because even small sweeps or positive news can have a stronger impact on the price.
This is where your X account, reputation and status in the space come into play but none of these is guaranteed, it just gives you a high chance over others.
Tππ€π€! πΈ retweeted
Hi, Iβm one of themπββοΈ
Super grateful to Tess always
She gave dev gigs and pushed me to pitch myself more and even get better.
She made me her dev for @rarebloomdao
Lucky to have you as a friend πββοΈ
I pushed so many people this year to find their niche, start posting and build their accounts.
I'm so glad to see many of them doing so well. One of them was even close to quitting the space but nowadays, they're finding it fun again.
You don't have to force yourself. If you're going to do something every day, make sure you find it fun and genuinely enjoy doing it.
I'm so happy they figured it out over time. β€οΈ
I pushed so many people this year to find their niche, start posting and build their accounts.
I'm so glad to see many of them doing so well. One of them was even close to quitting the space but nowadays, they're finding it fun again.
You don't have to force yourself. If you're going to do something every day, make sure you find it fun and genuinely enjoy doing it.
I'm so happy they figured it out over time. β€οΈ
The only mistake I made here was not buying lower when I realized the token will go up since the official release is close and Cyberleek going cra cra again.
I remember this project raising close to $3M from their mint if not more back then.
Immediately after mint, the fp underperformed and they have not done anything since then.
Lol
Unagi, the company behind Persona Journey, Ultimate Champions and Records, has entered court-ordered liquidation in France.
All of the company's assets are now for sale, under the supervision of the court-appointed liquidator.
Register your interest: docs.google.com/forms/d/e/1Fβ¦
Tππ€π€! πΈ retweeted
One thing about the bear market is that it brings out the true color of everyone.
I've seen many people crashing out lately and some acting childish lol
Sometimes, the bear market is not entirely bad, it also helps you see people for who they truly are.
I will never understand why some community founders here give posts like these any importance to be very honest.
This is pure stupidity and a reflection of how low the space has sunk.
Fabricating data and compiling a bunch of communities to track who sold and who held. For what exactly?
Learn to understand that markets go through bullish and bearish periods. The space is currently bearish, so expect more of this. During the bull run, you barely see posts like these.
This is like the third post I have seen so far. A bunch of jobless people.
Regardless of how low people sell their NFTs, buying and selling are part of the NFT market.
And even though some people sold at ridiculously low prices, which is crazy, let's get one thing straight. Before mint, the project owns the NFTs and decides what to do with them. After mint, the NFTs belong to the minters.
It's like buying a painting at an auction and having the artist tell you what you can and cannot do with it after you've paid for it.
Once someone mints an NFT, it's theirs to do with as they please, whether they choose to hold it or sell it. All you can do it wish they do what's right with your standards.
Go and sleep.
Did everyone mint Yield Field for $250?
Or a few people did and others minted for 1E
Musegods made me realize that locked trading, protects not only the project but also the minters who believe in it.
Let me explain
When you mint an NFT with locked trading, you're taking a gamble on the project. You believe in the vision and trust it will turn out well. You're willing to hold rather than mint and immediately sell for a quick profit.
During the Musegods mint, the collection was public for over five hours before it sold out. The people who minted were willing to take that risk and bet on the project.
If trading had been open, we would have seen people minting and immediately selling for a 2% profit, alongside panic sellers looking for an exit.
When panic selling begins, the floor price and top offers often drop. This puts pressure on the people who minted because they believe in the project, while also hurting the project's market perception.
One thing is certain. When trading opens during a mint, some people will mint an NFT for $1 and sell it for $0.90. Others will mint for $1 and sell for $1.10 just to secure a quick profit.
These sellers contribute to downward pressure on a project's floor price and top offers, especially when many people are trying to exit at once.
So, when you see a project with locked trading, look at it from both sides. It potentially protects the founder and the minters who believe in the project.
Of course, locked trading doesn't guarantee a successful project or a strong floor. Musegods is down at the moment, and that happens. The market is unstable and locking trading doesn't eliminate market risk.
Other examples worth looking at are the Arcdotfun mint, Florentines and even Yield Field.
I'm not saying locked trading is always the better option. I'm saying there are valid reasons for it beyond protecting the founder.
People that don't know what they are doing?
They look at who was interested before deciding what's good from bad and vice versa.
Zero principles whatsoever
Moving like zombies.
(Iβm not supporting Yield or ZTH, nor am I taking sides on whether projects should lock trading or not. Iβve seen projects with locked trading do well and Iβve seen projects without it do just as well or the opposite. Everything is a gamble and the decision is yours to make.)
Because A says something is bad doesnβt mean itβs bad.
And when that same A later says what they once called bad is good, donβt automatically change your stance because of their opinion.
Learn to think for yourself and analyze things properly.
Minted @ZTHAcademy, thank you @vivekdoteth and @Soathefirstt for the wl
One more NFT left to mint today.
A prime example
"One thing is certain. When trading opens during a mint, some people will mint an NFT for $1 and sell it for $0.90. Others will mint for $1 and sell for $1.10 just to secure a quick profit."
There was no need to mint if that's the case.
Musegods made me realize that locked trading, protects not only the project but also the minters who believe in it.
Let me explain
When you mint an NFT with locked trading, you're taking a gamble on the project. You believe in the vision and trust it will turn out well. You're willing to hold rather than mint and immediately sell for a quick profit.
During the Musegods mint, the collection was public for over five hours before it sold out. The people who minted were willing to take that risk and bet on the project.
If trading had been open, we would have seen people minting and immediately selling for a 2% profit, alongside panic sellers looking for an exit.
When panic selling begins, the floor price and top offers often drop. This puts pressure on the people who minted because they believe in the project, while also hurting the project's market perception.
One thing is certain. When trading opens during a mint, some people will mint an NFT for $1 and sell it for $0.90. Others will mint for $1 and sell for $1.10 just to secure a quick profit.
These sellers contribute to downward pressure on a project's floor price and top offers, especially when many people are trying to exit at once.
So, when you see a project with locked trading, look at it from both sides. It potentially protects the founder and the minters who believe in the project.
Of course, locked trading doesn't guarantee a successful project or a strong floor. Musegods is down at the moment, and that happens. The market is unstable and locking trading doesn't eliminate market risk.
Other examples worth looking at are the Arcdotfun mint, Florentines and even Yield Field.
I'm not saying locked trading is always the better option. I'm saying there are valid reasons for it beyond protecting the founder.
People that don't know what they are doing?
They look at who was interested before deciding what's good from bad and vice versa.
Zero principles whatsoever
Moving like zombies.
(Iβm not supporting Yield or ZTH, nor am I taking sides on whether projects should lock trading or not. Iβve seen projects with locked trading do well and Iβve seen projects without it do just as well or the opposite. Everything is a gamble and the decision is yours to make.)
Because A says something is bad doesnβt mean itβs bad.
And when that same A later says what they once called bad is good, donβt automatically change your stance because of their opinion.
Learn to think for yourself and analyze things properly.
Yβall are bullish on @YieldFields_RH locking trading with a 0.1 ETH mint price, but have concerns about @ZTHAcademy doing the same?
