Thread by @MrAK_eth

Blockchain adventurer's log (BAL)#7

|Minting|

In principle, #Minting an NFT will lead to a lower acquiring price.

At the same time, it's a huge bet.

Minting usually comes after a short period after the project's initial online presence.

[1/5]

During this brief period, are you certain that this is the place to go and pour an amount of ~$500?

Have you managed to collect concrete evidence in order to evaluate Team's quality and delivery efficiency?

Most of the time, the answer to this is a big fat NO.

[2/5]

Would you ever splash IRL an amount of $500 to buy something from a stranger?

Another big fat NO (I hope).

Instead, buy yourself more time, blend in with the community and observe. If you see any red flags, seek answers.

Minting = Guessing/gambling (95% of the time)

[3/5]

Of course, if the project turns out to be legitimate and you are happy with its evolution, at this point the price to buy in may be x2 x3 x5 from the mint. So?

You are there for the long run, right? You have already spent resources on this project.

You have spent TIME.

[4/5]

"Price was high at the moment" feeling is not a pleasant one for sure.

Take your TIME and access things, be sure and mindful about where you're pouring your hard-earned money.

Lock FOMO out, investigate FUD, and embrace the idea of your investment going to 0.

BE MINDFUL