The mist of the markets in NFTs

Currently it feels like there is such a discrepancy between and how there are experiencing their wallets and their profits. I am reading a lot of people having their all time highs again after the drop in May and others are still screaming blood after their first buy in on the top of the charts, which have been bleeding ever since. The feeling is so different amongst all of us.


 

The spiderwebs were catching mist again while it was mid summer

 

Honestly, I am not feeling too bad about how the current status is. This doesn’t feel like a fake out but more as a continuation of the actual bull run for the next couple of months. And again as always people have seem to forgotten how the previous cycle (I am talking about January to May) also wasn’t made in a day, but took a couple of months. Profits are not made in a day, unless you leverage yourself a heart attack.

 

Just after sunrise you see the most cool misty things, getting up earlier makes you see so much more…but damn it is early!   

The question is more to ask yourself how you want to see for yourself how it is going, and what you want to do with your profits. One of the things I am referring to is the NFT market which is super interesting if you ask me. When you want to buy a little bit of BTC or whatever you just buy some on a random exchange from a random seller a random amount of random BTC.

 

But when you want to sell an NFT you need that specific buyer who want that specific card from you for that specific price. The market is so different on that behalf, and I think people also need to realize that their card can also end up being a burden because their might not be that specific buy available. If you have a card collection worth a million bucks, do realize that when the game isn’t interesting anymore the buyers might be scarcer than you think.

 

Maybe walking around in the morning is the best way to think about what your crypto is doing and making wise decisions.

You can see it in the crypto punk market. Yes people are making ridiculous gains on this buying cards and selling them immediately the day afterwards again for 10 times the price. But one day this will reduce a bit and then you will have a JPEG worth 400 ETH sitting with you. I say it is a fantastic option in everything, but also a bit of a dangerous one. It is tricky.

 

So for me when I am looking at my gains, I am not looking at my NFT collection in profits. Yes the numbers are nice, but I see my NFT collection (splinterlands in this case) more as something that I use to play with, and not something that I would trade all day long like some shitcoin. Image selling a card with leverage…That would be the next new hype maybe ;)