Fantasy sports & collecting collide with this newest sports release: @CollectHTH
โจJoin our exclusive list to be the first to know about our epic deals and surprises, specially designed for our appearance at the National!
โจLink: https://t.co/EZS9jAHmBI
๐ฅณ๐จ#BillyHaze Mega #Giveaway for Reaching #5k#Followers & Iโm Giving Back!!!๐จ๐ฅณ
๐ And with @FAHQ giving away free #merch & #skateboards, I couldnโt wait to post this till tomorrow!!!๐
๐Thanks to everyone for joining me on this crazy #web3 journey!!!๐ข
๐ฅTo celebrate this milestone, Iโm giving away 5 dope #NFT prizes to 5 lucky #winners!!!๐ฅณ๐ฐ๐
1. @NFTBRICK_io - 12โx16โ WALL:NFTBRICK (value over .1 ETH)๐ผ
2. @CryptoCannaClub - NFToker #5119 (only 1 Puff Puff Jacket for sale)๐๐๐จ
3. @theillaznft - illaz #2389 (only 1 scarf with iron & wool for sale)
๐ฉโ๐ค๐งโ๐ค๐จโ๐คโ๏ธ
4. @Mankizuki - Mankizuki #1125 (Rank 754) ๐๐๐
5. @FAHQ - XTREME PIXELS #16557 (80โs windbreaker) ๐พ๐๐น
๐ซก To Enter:
โค๏ธ Like & RT
โ Follow @Mdot1000_@NFTBRICK_io@DYORapparel@NFTmerchworld
โ Tag 3 homies
๐ 5 Winners will be announced on #TokerTuesdaze with #BillyHaze June 13th 7:20pm EST /4:20pm PST!!!
๐Make sure to set a reminder, and be in space to win: https://t.co/y6jf5ERH1w ๐ฅณ๐๐๐ด๐จ
๐ See you all this Tuesday!!!๐ฏ
๐ Good luck to everyone!!!๐ค
There is no โmay or may not be notable โhere.
The @LostMinersETH are very notable.
Check the whitepaper linked near the bottom of the OpenSea description and decide on its long term relevance for yourself.
NFT Market Implosion??
Itโs the age old โsellers have to run out of coins to find a bottomโ. Thatโs kinda where the market is right now. Itโs exposing who really wants to own a particular NFT and who doesnโt.
Once collections bottom and find people that want to hold them they can rebase. Some wonโt because nobody does want to actually own it. ๐คท๐ฝโโ๏ธ
When a majority of people are long-term in a collection then healthy sales can happen when people want to turn over.
Example. Vast majority of people with a Mickey Mantle rookie card woke up today with no concern about its โfloorโ or thinking about dumping. But a few are always actively selling (for whatever reasons). The market will gladly absorb those. Some weeks/months/years the prices are lower but generally speaking very few people want to sell their โ52 Mantle any given day.
Low sales do happen in solid assets in weak markets. Iโve made a living buying fear in good collectibles for decades. But that is when buyer pressure is low. And for good assetsโฆduring these weak timesโฆseller count is also low. Supply is there. But low. There are always SOME that need/want to sell and when they do it at bad times. Well. Thatโs the market.
If instead. There was no pride in holding those Mantle rookies and everyone was really just hoping for a pump to get richโฆwell the slightest weakness could trigger cascades (like we are seeing across broader NFTs).
When compared to IRL art and collectibles the vast majority of NFTs are grossly overpriced. Even when you factor in global liquid markets. Just look at how many nice Pokรฉmon cards sell for $50-$100. Or how many IRL artists sell for under $500. There are NFT collections run out of basements that have higher market caps (if assuming floor) than the entire supply of Michael Jordan rookie cards (a globally desired collectors market).
The market will find bottoms. Many will be close (if not literally) zero. And then they can grow. But for many of these projects the tops we saw wonโt ever return (imo). They were totally irrational. Tulip type stuff.
Take s look at @LostMinersETH Iโm sure we will have some sellers in conditions like these but if you want to align with real collectors that have a long term thesis here is your chance to buy some fear.
Iโve been trying to explain to the market how this holder base is cultivated differently (outside the P&D culture) but sometimes you need to see that play out in market conditions like these to realize the truth in what Iโm saying.
We did a free claim. We had some degens. Most sold them for $25 long ago and they consolidated into our long minded collectors. Almost all of the whales are well known in @bpxcollect discord. If you really do have a long-term web 3 thesis. And want to be here for what comes next. Align with people that feel the same. Become a Lost Miner.
(PS - Hex the miner with Twitter blue to get quarterly $BPX rewards. ๐คซ. Best kept secret in web 3.).