Disclaimer:
This is not financial advice. Do your own research and seek a financial professional before making any investments. We are not responsible for any issues or loss.
how $10k #ETH will kill #NFTs…!
— wil (@wilxlee) August 19, 2021
read this and prepare friends..
🧵👇🏽
before you enter NFTs,
1 ETH = $X
after you enter NFTs,
1 ETH = 1 ETH
— ie. you buy your first #worldofwomennft at 1 ETH = $3000
problem is when ETH pumps to $6000…
can you sell your @worldofwomennft at 1 ETH ($6000?)..
or
is it now worth 0.5 ETH ($3000)?
we can say all we want: 1 E = 1 E..
but rmb, new NFTers: 1 E = $X.
and without new capital,
NFT price stays stagnant..
in the BEST case scenario
1. ETH pumps & 1E = 1E
everyones a winner!
however, WORST case scenario
2. ETH pumps & 1E = <$
..
meaning.. holding NFTs will actually be worst off than holding ETH… then the thesis of NFT as a great hold of value would be busted. hence – $10k #ETH will kill #NFTs
so how do we prepare for this?
study the past.
@tropoFarmer, @day25, @realpennybags
has been a great help.
1. general activity will slow..
– liquidity will be crap
2..
2. blue chips projects/art (#BAYC#Cryptopunk@artblocks_io etc.)
– those will have better chance of 1E = 1E
3. the rest?
– most likely will be seen as 1E = $x
clearly i don’t know much. just want to prepare for the next few months.
feel free to add so wagmi! :
retweet + follow for daily doses 😊
— wil (@wilxlee) August 19, 2021
NOTE
This thread content is created by @wilxlee and shared for educational purposes only.
