@opensea 1. Know where you are in the information flow - if you're buying because it's pumping, you're late
2. Accept that you will miss projects and selling early--most projects never regain post-launch/pre-reveal highs and when the music stops, you may be holding forever
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@Anonymistxyz But then why buy $PAST unless you are arbitraging for a punk (which is -EV for the PAST protocol which sells for less than it is buying)?
@punkdotauction I'm a $PAST holder (so not trying to FUD but to understand / see if there's adjustments that can be made).
I don't understand how the strategy isn't always -EV. Buy a floor NFT, sell immediately in $PAST (or other NFT token).... the only reason for someone to buy the NFT in $PAST versus the floor is if they can arbitrage versus the $ETH price. This strategy therefore isn't +beta on Punks (since it doesn't actually hold punks) as purchased punks are bought in $PAST below floor and then dumped into bids. Why not buy and hold punks for longer, do a lottery of the Punks for $PAST holders, set at higher prices versus prioritize liquidity / immediate sales.
Can someone explain what I'm missing?