re: OFFICIAL NFT Thread - FAQ and Drop Information

This thread is gonna cost me a few g’s. I feel it in my bones.

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this is like crypto mania 2017 all over again fwiw

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Those days were glorious. Jacked to the tits every day

That first gme run felt like all of 2017 crammed into like a week and a half. Serotonin levels properly fricked after that lmao.

So is SOL going to take off as a crypto? Are a lot of these NFTs moving to SOL from ETH?

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I've yet to sell for a loss so doubtful

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I sell at a loss damn near every day. But with the mint price so low on most (and by low I mean in crypto terms. E.g: 0.03 ETH per is cheap as hell, but that's still $100) the downside is limited, while the upside is massive even on short term plays.

My strategy now is mint a lot, recoup immediately, ride the rest and reverse DCA on the climb. "Problem" with that is I usually run out before the "moon." But honest the only one I regret so far is bored apes, I knew it was a terrible idea when I was doing it but I needed the liquidity I don't remember wtf for at the time.

It's pretty clearly a bubble now, so for those of you starting you might want to observe for a while before doing anything.

And in other news my topshot acct unrealized also turned green yesterday.

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My strategy now is mint a lot,

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ive been taking a more methodical approach; I rarely mint unless I have a pretty good feel for the culture of the nft and the developers commitment

I've missed some moons like bayc but my downside risk has been mitigated

but maybe I should change my strategy and cast a wider net, you've made me think now

I also have moved mostly to sol now because you're getting in the ground floor with a chance to buy legacy sol NFTs, like eth punks

topshots is scuffed because they don't use crypto wallets for minting.

they need to change that bc buying with a credit card does not offer the same feel as connecting your crypto wallet and minting an nft.

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Is Phantom desktop only?

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yes. They’re working on an app

Cool, thanks. So is it a marketplace as well? Damn, I need more time. I’m overwhelmed, but wanna get in the game. So safe to say it’s not as easy as buying one, wait, flip? For instance the Chihuahuas that are auctioning now?

if you're flipper you're going to have better odds of making money by minting on release date and then selling on the secondary market

auctions are a different strategy