Teng. I’ve said it publicly, I’ll say it privately - you have one of the sharpest minds in the ecosystem coupled with a factually neutral perspective on an ecosystem 99% of people could not understand, let alone explain how you do. Time I pledge my monthly support!
Teng, this is a fantastic read. I've been reading "Mastering the Market Cycle" by Howard Oaks and I love how you applied it to the current state of the market. I still hesitate to pull the trigger on some of these "Bluechip" NFT projects. Their current price, despite being at a massive discount, still seems WAY off from their intrinsic value.
Hey Ryder, thanks for reading, I appreciate it. I know what you mean — there aren't any hard metrics that can be used to value these NFTs at the moment: no cashflows, assets etc. From that standpoint, it's easy to see how they can be "overvalued"
It comes down to faith in the team and vision, and a belief that this entire asset class is new and still underappreciated by 99% of people today.
That's a great point. I'm curious your thoughts on the Doodles team now that they've released Doodles 2 and went the direction of utilizing Flow. Has it changed your opinion on the project and team? To me, it feels like a great opportunity to grab a Doodle at these prices considering the amount of funds the team has to work with as well as it's unique vision in the space.
Teng. I’ve said it publicly, I’ll say it privately - you have one of the sharpest minds in the ecosystem coupled with a factually neutral perspective on an ecosystem 99% of people could not understand, let alone explain how you do. Time I pledge my monthly support!
Hey, thank you so much for reading, and I really appreciate your kind words! Will be dropping another post quite soon :)
Teng, this is a fantastic read. I've been reading "Mastering the Market Cycle" by Howard Oaks and I love how you applied it to the current state of the market. I still hesitate to pull the trigger on some of these "Bluechip" NFT projects. Their current price, despite being at a massive discount, still seems WAY off from their intrinsic value.
Hey Ryder, thanks for reading, I appreciate it. I know what you mean — there aren't any hard metrics that can be used to value these NFTs at the moment: no cashflows, assets etc. From that standpoint, it's easy to see how they can be "overvalued"
It comes down to faith in the team and vision, and a belief that this entire asset class is new and still underappreciated by 99% of people today.
That's a great point. I'm curious your thoughts on the Doodles team now that they've released Doodles 2 and went the direction of utilizing Flow. Has it changed your opinion on the project and team? To me, it feels like a great opportunity to grab a Doodle at these prices considering the amount of funds the team has to work with as well as it's unique vision in the space.