Thread by @wilxlee

i sold 25% of my #nft portfolio last night...
heres why
👇🧵

first in foremost:
don't panic sell/don't fomo buy.
(not spreading fud)
here is my game plan in preparation of ETH hitting $8k+

second:
i've never been more bullish on #NFTs
zoom out - NFTs might be bleeding now, but with time, its correlated to ETH price. 🚀🚀🚀

this #BTC etf approval means a lot - one thing that matters the most for you? its a validation that this is a real asset. its being recognized and not going anywhere. that means REAL money will be pouring in.

all of that with #coinbase nft launching..
2million waitlist in the first 48 hours..??

https://twitter.com/wilxlee/status/1448141744936157190?s=20

these are the validation that makes me so convicted in this space.

so why am i selling?

i dive deep in this thread as to why. 👇

but what should you do? sell or buy?

https://twitter.com/wilxlee/status/1446009711355064320?s=20

ppl telling you to buy now into strong projects..? too early imo. ETH still hasn't cracked ATH yet. keep your liquid. the real draught will happen when BTC hits 90k, and ETH at 8k.

THATS when shits real and thats when i will buy blue chips.

ppl telling you to sell and buy back in lower. if you have conviction and believe in the project, then hold it through. ask yourself, do you feel comfortable holdin on the project for 3-6mths, if yes, don't swing trade it.
if not - u may consolidate consolidate.

this is how the money flows in the next 2 mths

BTC hits ATH, ppl take profits, move to ETH, then the second layers, #ada/#dot/#solana etc, then the alt coins.

after the crazy x10/20/30 gains happen, #coinbase nft launches, all those gains move back to #NFTs

so what am i doing?
used the same logic:
(do i see myself holdin for 3+mths? yes/hold - no/sell)

staying as liquid as possible.
either invest in alt coins (dot ecosystem) or just wait it out until we hit 8k ETH then buy back in bluechips.

let me know if this is helpful, clearly not financial advise, just my degen plays.

like/retweet if you want to see my next play 🌟🌟🌟

thanks big brain kongz for inspo @Nate_Rivers @MTLFORBRKFST

ps: contemplated for a while whether i should share this as i don't want to spread fud. i love this space and still am committed to it.

just want to share the thought process so you can be the judge whether this works for you or not. 🌟🌟🌟