DO NOT FOMO INTO NFTS WITH MONEY YOU CANNOT AFFORD TO LOSE
buy to collect for the long-term. imo, some of these will become priceless pieces of history, and most of you will sell them way too early b/c you're overextended
1/ I'm getting TONS of messages me asking me "Hey DC, what #NFTs should I buy?
The proper answer is ONLY ones that you enjoy and are willing to hold for years or possibly for forever.
But I will tell you some of the ones I have bought recently and why (MEGA-thread below)👇
2/ First, let's start with some caution: don't buy NFTs *expecting* financial return. You may be very disappointed.
Tastes can shift very quickly and decisively, and given market illiquidity, we could see price collapse under panic conditions.
I buy to collect & hold for years.
3/ Second, let's discuss the only blockchain I'll buy high-value #NFTs on- that's #Ethereum.
Why? The linked thread covers it, but to summarize, I can't afford to put big sums of money into chains cutoff from DeFi and which might not exist in 5-10 years.
@RaoulGMI I only need once sentence for each of these:
$AAVE will be the world's largest bank & asset lender.
$SNX will be the world's largest synthetic asset provider.
$UNI will be the world's largest exchange.
$YFI will be the world's largest asset allocation protocol.
$AAVE is one of the leading asset deposit / lend protocols. #1 in TVL (Maker ahead, but that's a CDP protocol for DAI). Team busts their butt to add new integrations with other protocols and to build bridges into real world.
@RaoulGMI IMO, $AAVE is probably my top pick to be the most valuable protocol in DeFi for the near future.
It and other lending protocols will act like huge billows, bringing in real world liquidity (as USD) to fuel people going long on crypto in DeFi (as they can continually earn yield).