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Within the space, we seem to take for granted a 2x and burn ourselves up with questions like why didn't I go harder into it? Why did I sell it so early, it would have been 100x now…
posted a tweet that seems to have resonated with many, including us.
Zeneca's tweet shows us to be mindful of the field we are playing in, since in the real world, these types of returns are almost unattainable or extremely difficult and often involve a lot of hard work. So set foot already and mentalize yourself for a ride of ups and downs while convincing yourself that this is not how things work IRL.
With such market speeds, we have become numb to the work-reward ratio, since no such profits in such a short span of time are really seen, ever.
Whereas a quick 3x flip is something regularly seen in the space, and selling at cost is something many beat themselves to. That's the reason I've come to terms with myself in the sense that this is not the standard and nor it should be because, in reality, the model is not sustainable.
I've seen many come and go, and the reality is that nothing is promised, from the top collector to the top artist and the top platform. Those who have stuck around long enough have seen these market shifts, especially the ones that lived through HEN.
Morality
I used to beat myself up because I try to capitalize on some piece, since I'm a college student with some money I'm allowing myself to spend/invest/lose.
But this is the world we live in and there are people trying to get bread one way or another, so throughout the way, I have developed a strategy to try to benefit all parties involved and mitigate any negative impacts, this way I continue to play the market, support fellow artists, and keep the ball rolling. Though I go by some unwritten rules of mine.
Don't undercut for less than 10%
Don't list below the primary price
Appreciate the artist and their work
Buy it because you genuinely like it
I find this method to give me peace and provide the ability to help me, the artist, and the collectors.
But hell I even was one of those degenerate flippers when I became introduced to the market. And the reality is we are playing with real money here, so I understand much of the market behavior though many times I don't share it.
So in my reality, be as much transparent as possible and be open to any suggestion and constructive criticism, because we are all learning.
Note to Self
Don't Beat Yourself Up
I remind myself almost on a daily, it is easy to make decisions once you know the outcome, but the reality is far from that. What is made, is made, so take the lesson and move forward.
The activity in this market is among the most fast-paced out there, and absolutely everyone is bound to make bad decisions. Hell, I even was almost kicked out of the market because of a bad contract call, but thankfully the transaction didn't go through, and I managed to keep the money.
So, instead of beating yourself up, be grateful you get the chance to play the market and make the most out of it, appreciate each lesson thrown at you, and make sure to not repeat those mistakes.
Take Profits
Within such a high pace market, one day you see it, the other you don't, so be very mindful of every action. Opportunity costs and losses are at high stake around here.
Give Back
There are a lot of people to thank for even making all this possible, and for that, you must notice that by supporting those people, the whole ecosystem works efficiently. (Though that's how we move within tezos anyway.)
From developers, artists, and even collectors, there are a lot of people driving the community forward, so make sure you contribute your grain of sand and give back to those who allowed you to even have something in the first place.
Invest What You are Willing to Lose
Probably the best financial advice out there, if you consider the space a financial investment, then you have to be mentally prepared to lose it all. In such markets, it's what you get. Take it or don't get yourself into it.
The Harder You Work, the Luckier You Get
After seeing many successes in the space it is easy to get discouraged from you comparing yourself to others, but the reality is you don't have enough data to determine an accurate comparison, and nor should you.
The more you compare, the more discouraged you will get, especially as an artist. Though I believe if you are really passionate and genuinely care about the people and what's being built, time will tell the reasons you were around in the first place and allow you to succeed when the time is right.
Trust Heart
If you deeply enjoy something, go for it and make it a treat for yourself, you would be surprised at how much the gesture can be returned in ways you wouldn't imagine.
And finally, enjoy the ride. We can now connect in ways we never thought so, take advantage, and try to build something of value for the community and ourselves, empowering a prospering ecosystem.
Because that's how we roll around here.
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No straight lines in nature.
No straight lines in growth.
Success is not a straight line.
Business, art, nfts etc not a straight line
We start with what and why.
The how is figured out on the way.
It bends and curves.
Realize this and you’re stress free.