I don’t own an Ape. I own shares of an Ape on @OnRallyRd. So I get a cash dividend on liquidated ApeCoin. Rally is withholding corporate tax and so it makes me wonder if I also pay tax. I’m assuming I do but odd to me that it would be a 2x taxable event. https://t.co/FgzfcoDXGe
ArkDev only has 10K followers? There are 10K @nftworldsNFT and so many $WRLd token holders. Are they not doing any homework? ArkDev would be the first follow!
Since buying into @nftworldsNFT last October (and then backing that w some @grayboysdao) I have just been sitting. Waiting until something had the right combination of clear utility and asymmetric upside potential. This week bought:
@HeroGalaxyNFT@skuxxverse
Been buying the dips since October, ya’ll. At some point I think I would have to say I’m just catching falling knives. Meh. Just caught some more knives. #Ethereum
I think the market’s mental model is that if a rocket ship. We’re all a lot better to think of these NFT floors as foothills toward a long term ascent. A lot of panic selling when people hoped to board a rocket and it dips.
One of the things about these early days of NFTs / crypto is that ‘buying the dip’ is one thing but you have to be able to stomach the three lurches thereafter toward ‘oversell’.
And it looks like we’re into the first lurch (down) after the dip. Floor price for OCM down to 1.4 off yesterday’s high of 2. I will buy again if/after the prevailing sentiment is that OCM was a weekend fad. #longgame
And @grayboysdao makes a lot more sense to me if it could be a security (DAO buying assets) - so I more bought that because of team and DAO concept. Still hard for me to see that roadmap creating enduring value w total conviction.
When I bought my first @OnChainMonkey ~0.15 Eth I told my kids I would take the fam on a ski vacation if I could ever sell for 1.15 Eth. Sold it last night. Told them this am expecting to celebrate. They said, “we want something more useful. Let’s get a @tonal!” Bananas.