"Life usually starts when the music stops. Unless the theme music to your soul is... boom bap Hip-Hop."
You may have noticed that I'm not heavy into social media. I love to create. Most social media is full of opinions and emotions. That equates to my mind as distracting white noise. It's one of several reasons why I deleted the accounts years ago. One of the platforms I like is Discord. It's like Twitter but more filtered to particular projects. Usually the people in the threads are enthusiastic and community oriented. There's still an ocean of opinions and emotions. The difference is most of them are positive and fueled towards improving a project, not destroying one.
A while back I started investing more into art nft's. If you're familiar with the blog u know I've been investing in nft's like Phantasma (Soul) since 2018. Only last year did I start paying attention to the negative correlation between art nft's and bitcoin. Long story short I'm now into several nft projects and the results have been mixed. Bored.Ai is a publicly traded company that lets u take text and turn it into art. They use Artificial Intelligence to interpret the word string u type, to generate gallery quality pieces of artwork. I'm a curator for them with my own club inside their Discord.
The Mental Gymnastics Club is a place to exercise your mind and build the imagination. My club focuses on creating artwork based on Time, Space, Science, and Technology. All the artwork in this post (except for the eagle) comes from there. As a creator and curator I'm going to be releasing a nft collection featuring the top twenty pieces from the club. More about that another time. The reason I brought up Bored.Ai wasn't to shamelessly plug my club to boost membership. (Although if u would like to join...get at me on discord.) Bored.Ai is the first nft project that I've been a part of that soldout before mint. They sold all 10,000 nft's. This project uses cutting edge technology and has a phenomenal community of creators. It showed me how successful a project launch can be. Even when the market is crashing like a blindman drunk driving a monster truck.
Another project I was really excited about turned into an investor nightmare. The Meta Eagles Club (MEC) was created by artist Gal Yosef. He makes incredible 3D pieces of art. The project had a lot of hype before the launch because Gal was already part of a successful nft project named Crypto Bull Society. Also Eden Galleries which has galleries all over the world is his financier. Another reason is the MEC includes famous characters from Marvel, DC, and Dragon Ball Z universes.
Everyone assumed the project was going to be bluechip (10x) soon after mint. Once the public sale started the floor price dropped around 70% and hasn't recovered. There has been a lot of finger pointing and blame thrown around as to why the floor price is low. Some people say it's the galleries fault, others the management team. No one thinks its Gal. He's a creator that's super passionate about the MEC. The project needs the right team to realize his vision and make it a success. Recently Gal got a new team and things are changing.
Both of the projects MEC and Bored.AI are great projects, both have strong communities. The difference is Bored.Ai operates like a smoothly oiled, well maintained machine. While MEC does not. Although MEC isn't bluechip yet, I'm confident that the quality of art and strength of the community will push it there. It's one of those projects that might take a year to take off but when it does it rockets past the moon. That's just my opinion.
The point is...regardless of how good a project looks. You never know how successful it's going to be until after it's launched. Also the big difference between the nft market and the rest of crypto is liquidity. You can't sell an nft if u don't have a buyer. There's no spot trading which makes it illiquid and hard to exit. That means as an investor u have to be really committed to the project and be willing to wait for it to blow-up.
Speaking about the crypto market. I'm going to keep it one hundred. There's a very real possibility that btc could fall back down to 32K and retest the bottom. That news may shock a lot of u and make a few people want to try flying off the top floor without a parachute. Don't do that...it's messy. Also there's no need to panic. If it does drop that will be the buy signal to d.c.a. (dollar cost average) into btc and eth to accumulate more. The reason I say this is because a retest would finish the micro (W) formation. That would set us up to finish the right side of the macro (W) we're in. Lets be clear. This is just my opinion based off what I see in the Ichimoku Cloud. I'm not Nostradamus and can't predict the future. If I was...my level of wealth would surpass the richest man who ever lived. Since that hasn't happened. Read my words. Then do you own research. That's how u make money.
If a plummet to 32K occurs, one of two things will happen. One, we go back towards previous highs around 60K fail, fall back down, bull market over until the next halving. Two, we retest previous highs break through and make all new highs. Both are possible but option one seems most likely. Now there is the third option that wasn't mentioned. That btc breaks support and drops to 14K (or lower). The reason option three wasn't mentioned is because in my mind it's not possible. There's too much V.C. funding poured into bitcoin for it to fall that far. (Unless we have some social, political, global black swan event.) Regardless of which side of the fence you sit on Bull or Bear, it's an exciting time to be in crypto.
I'm taking all these experiences (nft's, investing, relationships) as life lessons to guide me if I'm ever in similar situations in the future. I wish you all health, wealth, and success.
Everyone assumed the project was going to be bluechip (10x) soon after mint. Once the public sale started the floor price dropped around 70% and hasn't recovered. There has been a lot of finger pointing and blame thrown around as to why the floor price is low. Some people say it's the galleries fault, others the management team. No one thinks its Gal. He's a creator that's super passionate about the MEC. The project needs the right team to realize his vision and make it a success. Recently Gal got a new team and things are changing.
Both of the projects MEC and Bored.AI are great projects, both have strong communities. The difference is Bored.Ai operates like a smoothly oiled, well maintained machine. While MEC does not. Although MEC isn't bluechip yet, I'm confident that the quality of art and strength of the community will push it there. It's one of those projects that might take a year to take off but when it does it rockets past the moon. That's just my opinion.
The point is...regardless of how good a project looks. You never know how successful it's going to be until after it's launched. Also the big difference between the nft market and the rest of crypto is liquidity. You can't sell an nft if u don't have a buyer. There's no spot trading which makes it illiquid and hard to exit. That means as an investor u have to be really committed to the project and be willing to wait for it to blow-up.
Speaking about the crypto market. I'm going to keep it one hundred. There's a very real possibility that btc could fall back down to 32K and retest the bottom. That news may shock a lot of u and make a few people want to try flying off the top floor without a parachute. Don't do that...it's messy. Also there's no need to panic. If it does drop that will be the buy signal to d.c.a. (dollar cost average) into btc and eth to accumulate more. The reason I say this is because a retest would finish the micro (W) formation. That would set us up to finish the right side of the macro (W) we're in. Lets be clear. This is just my opinion based off what I see in the Ichimoku Cloud. I'm not Nostradamus and can't predict the future. If I was...my level of wealth would surpass the richest man who ever lived. Since that hasn't happened. Read my words. Then do you own research. That's how u make money.
If a plummet to 32K occurs, one of two things will happen. One, we go back towards previous highs around 60K fail, fall back down, bull market over until the next halving. Two, we retest previous highs break through and make all new highs. Both are possible but option one seems most likely. Now there is the third option that wasn't mentioned. That btc breaks support and drops to 14K (or lower). The reason option three wasn't mentioned is because in my mind it's not possible. There's too much V.C. funding poured into bitcoin for it to fall that far. (Unless we have some social, political, global black swan event.) Regardless of which side of the fence you sit on Bull or Bear, it's an exciting time to be in crypto.
I'm taking all these experiences (nft's, investing, relationships) as life lessons to guide me if I'm ever in similar situations in the future. I wish you all health, wealth, and success.
Until Next We Speak, Be Well
Tha One an Only
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