As many of you know – I created the Bald Jesus project on a bit of a whim. It’s been an amazing journey. The end game of all of it was to learn the ins-and-outs of the NFT space – and on that level it has been an astounding success.
The ultimate achievement that I was aiming for when I began was what is now before us – a generative Ethereum based NFT project built on my art that would be used to create an innovative non-profit membership organization – and which would buy a piece of land on the Big Island of Hawaii for all the members.
Welcome to The Bald Jesus Drinking Club!
I envision a time when members of the club get together on our Hawaiian property to drink mai-tais and single malt scotch while enjoying the perfect weather in Hawaii. Tilt your glass and imbibe the holy spirits with us!
I’ll write more later – but at the moment, I’m incredibly excited and doing a million things at once!
@everyone Please excuse my excitement but this is the culmination of a lot of work. Aloha Everyone – BALD JESUS DRINKING CLUB mint is LIVE!!!!!!!! 777 Unique Generative Jesii https://www.baldjesusdrinkingclub.com/ – please join me in imbibing the holy spirits! If you can spread the word – I will be forever grateful!
“The nft space is the world I live in now and I want to build a thriving community that helps its members and encourages people. I will be here every day, that is what sets this community apart.”
Hamm is an artist and illustrator from Halifax, Nova Scotia but now lives in New York. Originally he went there to be a stand up comic but quickly realized that art was where his heart had always wanted to be. He drew a cartoon and posted it on his Instagram feed every day for a year before he began submitting his work to The New Yorker magazine. After another year, they finally published one of his submissions. Hamm has several superpowers – two of them are consistency and perseverance.
Hamm’s first cartoon was published on his birthday. From that day forward he found commercial success with publications such as Wired.com, The Guardian, and The New Yorker. His work has also been seen in High Times Magazine and widely on the web … but commercial success as a cartoonist means needing a second or third job. Selling cartoons has rarely made anyone wealthy. The ones you know about are among the few. Life as a working artist was a struggle – especially with a family to support.
Like many, it was during the pandemic that he became aware of blockchain, then crypto, then NFTs. His first awareness of the power to control his own financial destiny was through watching the GameStop saga unfold. This led to stocks, then crypto, and finally NFTs, a journey Hamm describes as going from terrible to less terrible to pretty good.
His start was rough – he helped develop a collection for FM Gallery, a Chinese NFT platform that fizzled with the advent of the Nifty Gateway/Beeple craze. Old school cartoonist and artist friends ridiculed his choice to enter the NFT space, but Hamm didn’t let that stop him. Realizing that working for other people was the opposite of how to make it as an artist, he developed his own project, taught himself to code so that he could create a layering program, and recruited a team to build the next big thing. A big thing that was the antithesis of the big pump and dumps and celebrity cash grabs that have been happening in the NFT space. Thus was born the Blazed Cats which raised over $300,000 for mental health on the launch and continues to raise money for mental health causes. Blazed Cats was the first NFT project featured in High Times. Blazed Cat holders were given 0xHeads as companions a month later.
Shortly after this, Hamm inadvertently downloaded a malicious virus that asked him to enter his seedphrase into a fake metamask page. The result was that his prized Cool Cat, his favorite NFT, was stolen from the wallet. Not having enough spare ETH to buy back into the project, Hamm channeled his anger into creating his own version of Cool Cats – the Bear Market Bears. The Blazed Cat team was having some internal strife and Hamm used the opportunity to start putting together his dream team of people he wanted to work with for the Bear Market Bears.
Blockchain and NFTs have changed Hamm’s life. As a result, a part of the motivation for creating them was to teach kids about this emergent technology and to help people avoid making mistakes like the one that cost him his Cool Cat. Bear Market Bears will be a fun avatar project, an educational platform, and a community for building the future together.
What’s next? In addition to remaining fully committed and present with Bear Market Bears, Hamm is hard at work on a project he calls ‘The 100k Free NFT Project’. It involves layering male and female punk traits to make new jpegs and will be launching sometime in the coming months.
There are so many choices and options right now in terms of NFT projects. For this post, I’ll look pretty strictly at projects on the Ethereum blockchain – but there are equivalent projects being developed or taking off on ADA, Solana, Ravencoin, and more.
The best of these projects incorporate aspects of all of these. The most top of mind examples are Pixel Vault which has avatars, daos, game (coming), tokens, staking, and much more. Bored Ape Yacht Club. I’m also betting on the future of Raini Lords of Light (game, staking, defi, art drops) , Doctor Who-Worlds Apart, Non-Fungible Heroes, and Buzzed Bear Hideout. Many of the other projects I’m interested in (Monkey Bets and Ape DAO) are offshoots or aligned projects.
I find myself getting into several different kinds of crypto/nft projects lately. They are:
Avatar/pfp projects – I’m pretty well done getting into new ones of these and generally look for a good reason to get in that is more than just fun/funny/amazing art
Communities – things like BAYC and MetaHeroes or Gutter Cat Gang – vibrant active communities that support each other
Games – things like Influence Asteroids, Lords of Light, Doctor Who
DAOs – decentralized orgs that have a purpose – Ape DAO, Monkey Bets DAO, United Planets (Pixel Vault) DAOS
Curated Drops – Good Guys, Holmo Viemiento etc.
Generative art – Genetic Chain, Pixelglyph, Cubeverse.
Tokenomics/coins/defi Unstable Horses Yard, WEmint.cash, Bulls on the Block,
Innovative use of blockchain/nfts – Spottie Wifi, Deadheads, The Adventurers, Heaven Computer, Tiki Festival, Jenkins the Valet.
Funky/quirky art communities One Day Bastards, Crypteriors, Invaders, Deebies and Mighty Manateez
Metaverse stuff – I’m kinda late to this and missed out on a Metaverse Jetpack which was a big win even though I was whitelisted for it. With all of these communities and projects – liquidity is the big issue and also I don’t have the ability to play whale games by buying up big mints or speculative bets.
God – there is so much happening in NFTs and blockchain right now – what did I miss?
Bald Jesus as born back in May when I suddenly saw NFTs taking off and realized that I could probably build an NFT, a community, and maybe a brand in the chaos that was happening in the NFT world. I’d gotten involved starting with Doctor Who – World’s Apart in November of 2020, then with Godzilla on Wax, and finally with some Ethererum projects. “What should I make?” I thought. “Maybe I have a domain name I can do something with.” I’d bought BaldJesus.com quite a while before. I thought it was funny. I mentioned what I wanted to do in the Doctor Who Discord. I was encouraged by some and others were (I think) a bit offended by the name.
From the beginning until now, none of this would have happened without the support and love of the crypto and NFT communities. I’ve had help from people who wanted to help our project and from people who just wanted to help me. I’m eternally grateful. From the beginning I knew that I wanted to build a new kind of project – something that was both commercial and communal, cooperative and profitable, something that would allow for innovation and rewarding hard work, while also building a cooperative community. We have a long way to go – it’s only been three months – but when I realize that and then look at what we (to a larger extent) and I ( to a lesser extent) have accomplished – my mind is blown. None of this would have been possible without the community giving me support, helping me to learn, and also, in some cases, helping me when the lifting was too much for one person – but, that being said, one of my super powers is bringing things to life from the idea stage and another one is carrying loads that are seemingly impossible for one person – but that being said, I wouldn’t have made it without all of those who have been there for me on this journey so far. I could not have done this alone.
One more thing before I jump into the timeline so far – we’re just getting started!
6/12/2021 – First BJs minted on Wax. The Bald Jesus Discord was born. First Bald Jesii were drawn by @vagobond (aka @cryptopherjones & BaldJesus#1) 2nd Bald Jesus drawn by Gacha Sophia (aka Mushroom BJ) 3rd Bald Jesus drawn by Funestation (aka Velociraptor BJ)- a key ally in the beginning who I’d met through the Doctor Who Discord.
6/28/2021 Bald Jesus Collective (BJC) Membership opened up to anyone who drew a Bald Jesus and donated it to to the BJC. 1000 BJ Artists initiative begins. “ #1000-BJ-Challenge Here’s the challenge. Encourage 1000 artists both new and aspiring to submit one original piece of BJ art to the Bald Jesus Collective with all rights and privileges. All 1000 artists become core members of the Bald Jesus Collective DAO (along with Staff and project boosters/contributors) Mint those 1000 pieces of Bald Jesus Art on OpenSea as 1 of 1 NFTs. Sell them all at once as a huge drop. Not animal prints, not fucking pickles, but legitimate art of the most compelling bald character in history. We’ll drop them here. https://opensea.io/collection/bald-jesus Each original buyer also becomes a member of the Bald Jesus Collective DAO for as long as they own the art. If they sell the art, they keep the proceeds and are no longer a member of the BJC-DAO. Secondary buyers do not become BJC-DAO members.. All proceeds and secondary sales will go into the BJC-DAO which will be managed and use decided upon by the BJC-DAO. Original contributing artists never lose their place unless they want to exercise the ‘Fuck this shit’ clause which allows them to cash out for 20% of their contributing art’s original sale price. Treasury funds can be used for projects agreed upon by the BJC-DAO membership.”
6/29/2021. First pack release. 100 members in Discord.
7/12/2021 First blends on Niftyblocks
8/10/2021 – We reached 100 Bald Jesii created by the BJC.
8/11/2021 Bald Jesus Major Arcana Tarot completed by Vagobond
In my house, I’ve started to use VeVe Me as a substitute for Fuck me. It works out the same way.
Update: After a solid week of no response beyond the boiler plate ‘We care about you and will get to you soon’ email after I filed a ticket, there is still now response from the ‘help’ desk at Veve. I went to the Discord server and asked if anyone else had suffered a similar problem and was treated pretty rudely by the community – they effectively said “Nah nah” and blew raspberries at me. Many of them told me that it was a normal issue and some of them told me I was stupid. One friendly user from a different server told me that it was common to have people get locked out and shared some advice from a moderator that had been given to someone else. No moderator responded to me or my request for help. Yesterday, I posted in the ask for help here channel and my request was ignored while other requests above and below mine were answered. Finally, today, I decided to make one last attempt before telling my credit card company I had been scammed and filing for chargebacks – I posted my login issue in the help channel and finally a friendly moderator responded. This piece of advice (using 10 characters instead of 8) finally allowed me to change my password successfully, but the 2FA to login had apparently been shut down in my failed login attempts. If this works, it will have solved 1/3 of my issues – but it will be at least progress. I had an assignment from a major publication to look at major ecosystems in NFTs, my editor has since said that Veve should be left out of my piece because my hatred for it was seeping through all of my writing on it. She’s not wrong. Update to Update: It didn’t work. Update to Updated Update: Someone in the Doctor Who Discord told me to try a different device. That combined with information below solved the login issue. I can’t buy or sell on the iPad however so unable to see if the original issue has been solved.
One of the biggest nightmares in the Ethereum ecosystem is the gas cost for every transaction. It’s so fucking expensive. I’m a minnow in this world but even so – my gas fees according to gas.wtf has been 3.842 Eth which in USD is a staggering $11,526! – and that’s just since I started using Metamask. It’s absolutely insane – almost $1500 of that was in failed transactions where someone else paid more gas than I did and ‘sniped’ the NFT I was trying to buy from right out under me. Gas wars are common with every big drop and despite the big hoopla that said the ETH update would solve the issue – it has only gotten worse. The NFT dropped by Time Magazine this morning saw gas go to new record levels – Thousands of dollars just to have the opportunity to buy an unrevealed piece of digital art. Seriously, WHAT THE FUCK ?????
So, I’ve decided to jump into some other NFT token chains, some controlled ecosystems, and a few different marketplaces. I’m already a part of a few of them – an established one that has been getting a lot of buzz and I decided to jump into this morning was Veve.me
Veve has gotten the license to produce NFTs of the biggest blockbusters of our time, Ghostbusters, Back to the Future, Star Trek, Marvel and DC comics – and much more. It’s a mobile app based system where you guy gems for one US dollar each and then you participate in drops for comics and digital collectibles. Here’s some great info that came from Ian at our Intelligence Desk channel on the Vagobond Discord Server.
If you’re not familiar with VeVe, it’s basically digital collectibles that come in limited edition releases. They’ve been able to partner with some of the biggest franchises/brands going, including Marvel, DC, Star Trek, Ghostbuster etc… so many big names.
Everything is based around a smartphone App, and by using VR you’re able to see your collectable in your home. It’s pretty awesome.
When a new product is released they sell out in seconds… heck… sometimes it’s impossible to get anything they sell out fast! If you’re lucky enough to get the rarest stuff you’ll make a fortune on the marketplace.
You purchase using ‘gems’. 1 gem = $1. Note that at the moment you cannot withdraw your gems.
The product is not your traditional NFT. It’s all contained within the companies own ecosystem. It’s based on OMI.
Something worth noting is that the market is constantly up and down, so if you time it well you can sell high (which is usually immediately after the drop), then buy back low.
I decided to jump in. They do drops every Thursday morning at 5 am my time. I wanted to be ready so I set up the app on my phone, funded it with $120 worth of gems and then decided to buy something. I bought a Borg Cube for $80. The cool VR app allowed me to actually place it in my office space:
I was actually pretty excited. Then I woke up this morning, waited for the drop knowing it would sell out in seconds and smashed the buy button – to get repeated errors. Then it sold out. I tried to buy the comic in the secondary market for double the price. Still getting the error. I wrote to their support – and got a ticket number but no response. I decided to uninstall and reinstall, but my account credentials wouldn’t work. I tried to reset my password, it wouldn’t let me. So – at this point, I’m sitting and waiting – and no response yet. It’s been six hours. I feel like I just got screwed again in this space. I’m sure it will be resolved – and I’m sure that during the time it takes, the comic that this technical issue wouldn’t let me buy will grow to at least several hundred dollars.
I’m not sure why I always have these technical issues, but it feels personal. I’d like to file a complaint with whomever is running this motherfucking simulation.
I’m fortunate to be involved in a couple of groups of people who I deem experts on the topic of NFTs and Cryptocurrency. It’s still kind of hard for me to get my head around the fact that I’ve flipped this site on it’s head and turned it into an NFT/crypto site – but when it comes down to it – I haven’t made any money from travel or blogging in a long time – and the enjoyment I’ve gotten from either is almost as distant a memory. So, for as much as I find the NFT and Crypto spaces to be frustrating, annoying, and stressful – I’m also more than a little obsessed with both. Also, I like to write – and in the world we live in – that’s a problem.
People consider this⬆️ above to be a ‘wall of text’ – unbelievable but true – so I’ll bring my longer form writing here and also share it in the Vagobond Discord. With that being said – here is some good advice.
This comes from two guys in our Intelligence Desk Channel:JaggerForReal and IncarnadineAubergine
Investor Psychology in NFTs:
Specifically NFT investments with large discord user base. At least 1.5 members:NFT ratio
Need to consider: internal and external factors. Internal factors are passionate group members who easily get FOMO. External factors are dispassionate investors, many of whom have the ability to mint way above average numbers of said NFT and only care about profiting off them.
Phases: 1 – pre mint. 2 – early access for ‘loyal/lucky group members. 3 – Public Sale. 4 – pre reveal period. 5 -reveal
Phase 1 everyone wants in, thinks they are going to be a millionaire, make a big gain. Dispassionate investors watch quietly, only looking at numbers
Phase 2 – Lucky group get to mint without gas war (this is the only group that pays close to mint price). Some will be happy to sell or list at 4x profit, which is normally the trading range. At the same time, group remains hyped, but normally ‘hold off’ on actually buying, as they still have the prospect of getting in at mint price (even though gas costs in reality make this unlikely)
Phase 3 – 4 public sale. The majority miss out. Dispassionate investors who are better resourced normally take a decent chunk of them. Initially the group is annoyed, but enough people get one and are excited, that FOMO prevails. After a brief period, floor rises, usually to just under 10x mint price. The passionate investors need their ticket to not miss out. The dispassionate/calculated investor holds a big stake, normally at 2.5-3x floor price paid.
Phase 5 reveal. Only about 10% from the collection are ‘special’. The Dispassionate investor see’s what they have, keep any good stuff and quickly sells average pieces at floor, this sends floor price down. 50% of Passionate investors panic, having spent (for them) a lot of money, and pursue the floor price down to not lose money. This causes further downward floor pressure, reinforcing the sell quickly strategy amongst the panicked. 50% say diamond hands. Floor can crash quite spectacularly.
These patterns are repeated in NEARLY EVERY drop Ive looked at. The buy/sell points ‘seem’ fairly clear. Timing the absolute floor can be difficult. The last one I looked at was the sevens, which dropped from 2.5 to 0.4
In this instance, a ‘whale’ minted 1000, but gave 500 back (dont know why, probably felt over leveraged). The team spent ages deciding how to distribute them to people who tried to mint. Naturally, this disincentivised buying, as why buy, when you still have a chance at the floor. I didn’t time my buy perfectly (0.5), but since distribution, buying has increased (there were 34k discord users), and I think this will only increase.
Other projects dont recover at all. Key is to look and appraise art, perceived demand, and what team plan on doing to see if worth buying in.
I missed 4 months of NFTs but since April i joined here and basically shared my journey here asking and answering questions. It’s been amazing. I bougth 3 Pak Cubes for $500 each, now they peaked at 5 eth each last week or so. I mean solpunks, and punk comics are just 2 things i look at on my spreadsheet and my head spins. There will be dozens of opportunity, jus postion yourselves to know the industry inside out !!!!!
Spend your time analysing projects by: team composition (check their twitters, sometimes folks don’t realize a great person is on a team) team dedication even after initial pump and dump (they lined their pockets, they can piss off if they wanted) Study volume patterns of most projects and why they end up pumping and becoming blue chips (I’ll post the roboto example I showed my family member in a minute, it worked out, i looked like a genius) Find great sites to help you navigate the space. Do your own work, don’t solely rely on discords to help you find everything
DegenTracker – NFTSignal.io – Track which projects NFT influencers are aping into in real time. CryptoSlam! NFT data, rankings, prices, sales volume charts, market… An NFT industry data aggregator backed by Mark Cuban. Features project analytics, NFT values, rarity, scarcity, most popular collections, activity history & more. rarity.tools NFTs ranked and sorted by rarity. See the rarest CryptoPunks, Bored Ape Yacht Club, Hashmasks, Gutter Cat Gang and many more NFT collections. Dashboards Ethereum Ecosystem analytics by and for the community. Explore and share data from Ethereum Mainnet, Matic, Optimism and xDai for free. icy.tools icy.tools – NFT trends, price data & tracking Get the latest floor price, volume, & sales history on NFTs. Discover new projects being minted now & track portfolios.
See the initial pump and dump, followed by a liquidity test pump on 8th september… then a failed retest on the 13th, then the true pump. Most of them do this .. on their way to being a Bluechip, this should be enough homeworkz that chart is from cryptoslam site ii posted above, totally free.
It’s great being able to plan and have trades come to you, that’s the best way way if you ask me. And that’s just one strategy of many you should have under your belt . That above example may have not been the best example as it pumped and dumped , but as you explore, you’ll see the pattern, so if you do get in one of these volume pumps, getting out (before the top) is as important as getting in early. You need to train yourself to sell on the way up, it’s not easily and it’s not human nature. It may pump much more, but who cares, just get in after it crosses your trend line and sell once you see any sign of weakness. Honestly, i did this for bayc here and posted it a few weeks back and just this week it’s getting popular on twitter now due to better tools being available. But even with all the tools like cryptoslam, icy tools, nansen.ai and others, this pattern should remain.
Here’s a good guy to view https://twitter.com/NFTLlama/status/1439121774898290692 If anyone has thoughts, i’d love to hear. NFT Llama (@NFTLlama) What is your opinion on minting projects nowadays? I’ve had greater success buying projects after the initial mint selll-off stage and when volume begins to pick up – such as the chart below. This is where I enter the markets down below. I only mint blatant winners now wbu? Twitter•09/17/2021 He’s a pumper, but he’s also smart. lol ok, im gonna stfu, i’m having a week of relaxation, i’m burned out. Be healthy everyone !
Just wanted to share something that will also expose you to the nft marketplace on tezos, it’s called hic et nunc (HEN) and there is an artist who is named Shvembldr (alien clocks and alien insects on artblocks), but has tons of work on HEN. But anyways he produced a piece of art that you can use to create your own art. AND OMG ITS FUN https://www.hicetnunc.xyz/objkt/316692 scroll down to read the instructions, but to get you started ‘,’ changes canvas color press ‘t’ right away to get rid of lines ‘e’ allows you to start from somewhere else ‘v’ lets you change color feel free to experiment.. FREE to mess around and save your own artwork to your own pc (the art in the middle of my avatar is from this) press space to pause… and also mess with ‘chaos mode’ hic et nunc decentralized digital assets
Also since you guys mentioned profits, please please remember that we are in a bull market right now. Everything is up which makes everyone feel like a genius for buying in. The bear will come as it always has. The usual warnings apply, don’t invest more than you are willing to lose. Remember to cash out your profits or at least park some into stablecoins. No one really knows how nfts will perform in a bear market since the space is so new. My personal stance for nfts is, buy it if you like it. There’s many really nice artwork out there, but I wouldn’t pay 1k for a profile pic for example. I’d pay that for something I’d hang on my wall maybe. Don’t know how many of you guys are old enough in the space to remember the last bear market so just a friendly reminder
Oh yes I love HEN but sadly I’m too lazy to set up a tezos wallet. Shvembldr does some really cool work and if you get into his club u can get free mints of his stuff.
I was lucky enough to get to mint 2 alien clocks and bought a few afterwards, I didn’t think they would appreciate like they did, but i’m not whale enough to get into his club tho 😦 haha, get that tezos wallet, look at those tezzards tho. I see good things happening there.
(note: If you’re not in the NFT space and don’t think in Ethereum (big person dollars) this will likely make no sense whatsoever – come join my Vagobond Discord Server and we can get you up to speed. )
I was thinking about and looking at the data for my NFT journey this morning before I jumped in any Discords or did any buying or selling.
My buying/selling journey started back in March/April with Punks Comic. I bought two of them.
I’d already been in Doctor Who for quite a while but this was my jump into ETH NFTs.
I bought two. I declined buying BAYC at .5 ETH because my family was forced to move by our landlord surprising us with an End of Tenancy Notice so money was a bit tight.
I scraped together enough to mint one each in a couple of mints which were picking up in number. I stayed up late picking the pirates I wanted in Pirate Treasure Booty Club. I got one. The next days were spent in an amazing treasure hunt with new friends. I was hooked on NFTs and Discord Communities.
But – PTBC started to fall apart – it was a slow rug but we didn’t know it yet. The other two mints I was able to get in on were Degenz and VOID (Visitors of ImmaDegen) – I minted floor models. Both projects ended up just being pretty blah and while not rugs, not making it. At this time the fucking pickles showed up. .01 for what was promised as a rug and ultimately was. I minted one. Floor model.
I saw the takeoff of BAYC – I wanted in desperately. I found one on OpenSea for .6 which was significantly under the floor price. I pulled the trigger, got the confirmation, went to the BAYC discord – and was informed it was a fake. Then Opensea delisted it. I was DEVASTATED. That was a lot of money for me.
I told my story in the Doctor Who discord and a kind woman who had recently minted a bunch of things called Gutter Cats sent me one – it was one of the kindest things I’ve experienced from a stranger.
I had watched while all my DWWA friends minted Bulls on the Blocks and Deadheads, the two projects I had passed over to get into Degenz and VOID. They both seemed to be going really well – my friends were selling their for 10x and 20x profits. My PTBC, VOID, and Degenz were all floor. The Gutter Cat sat at .18 for a long time. I minted a Lucky Maneki – again a floor model. The project made a lot of promises but wasn’t keeping them.
My friends with BAYC were killing it. The comics were stalled at .4 eth or something like that. I figured I had thrown around $5k away. My gutter cat gave me a gutter rat. The cat shot up to 1 ETH. I sold it. I bought a World of Women and a Curio Card. A guy had recently bought all the floor punks and when I looked in his wallet, I saw the WoW and Curio Card. Meanwhile, I passed on buying Cool Cats thinking they looked silly and simple.
I had landed a free Parallel Alpha Rug Poll card. I got my first offers .26 each for my curio card and my Parallel Alpha. I accepted the offers and got a shock at having to pay gas! Then I realized they had both taken off and I’d accepted 50% – even though it was profit for me of about 50% over what I’d paid – it was a losing move. Meanwhile BAYC was mooning and gave dogs to their holders. BOTB was giving bears. My Gutter rat was ugly and floor. I didn’t have any liquidity. I wanted liquidity. Everyone else was winning and I was losing. I bought a BOTB with my curio card money and a Deadhead with my Parallel Alpha money. I minted a bunch of things that didn’t go anywhere. Gutter Cat, Parallel Alpha Card, and Curio Card had started mooning now that I sold them.
Punks Comic started their burn and mintpass mechanism. I burned one for a PVFD and kept one to stake and claim physical comic with. The mintpasses started taking off.
WoW was mooning and I sold mine for 2 ETH finally getting some liquidity – but then I had FUD about not being in it and bought another for 1.45.
I sold a mintpass for 4.2. I bought a Mutant Ape for 2.9 sold it for 6.1 bought another for 4.8. Got a drop from the WoW and sold it for 2. Bought MonkeyBets, Buzzed Bears, BYOP, and took what was left and threw it into speculation from the PVFD channel. Bad speculation and bad mints. I bought a mintpass for thenext Gutter animal. I’ve minted and bought a lot of things – but the big issue is always missing out on the things that go up and going into the things that go nowhere and selling the things I have that go up!
I have wallets filled with NFTs at this point. I feel like I’m in a good place.
I have exposure to MAYC, GCG, MetaHero, Invariant Labs, Non-Fungible Heroes, Buzzed Bears, Influence Asteroids, Doctor Who – and plenty of others. I’m in a good spot.
My realization this morning however – brought to mind my dad showing me his networth and then showing me the house he sold in 1975 which had appreciated in value to more than his networth. If I would have sat and done nothing with what I had in the beginning – I wouldn’t be far from where I am right now.
I would have 2 mintpasses, pvfd, punkscomic, gutter cat, gutter rat, TWO GCG mintpasses which would add up to almost the same value as all of my other stuff. Maybe more…not totally sure though. The issue is I would be concentrated in two ecosystems and I wouldn’t have the opportunity to win with all of this other stuff. So, six of one, half dozen of the other.
I do feel like I’m at a good point to reflect on all of this though and to start sitting on my pile and letting it either produce or not.
There have been a couple of projects that I’m really glad I minted into: Monkey Bets Dao, Buzzed Bear Hideout, Pixel Vault Stuff, Influence Asteroids, and I feel really good about Non-fungible heroes but it’s still pre-reveal. I’m also really glad I minted into Hobo Beards because I love the project and the team.
Big Takeaway #1 : I’ve minted into DOZENS of other projects and pulled nothing but floor models and depreciating crap that fills my wallet. Minting is usually a losing game unless you can go very big. I cannot go very big so I’m better off on secondary after the post minting dip.
Big Takeaway #2: Good projects continue to reward and are worth holding until the money is life changing.
Big Takeaway #3: The biggest rewards often come from the smallest investments
Big Takeaway #4: Liquidity is hard to come by if you are spending everything on gas and minting shit-pegs.