BAYC is a perfect example of an iceberg project. There was much more going on beneath the surface if you were paying attention (I wasn’t). Unfortunately, now more than ever we are being inundated with ‘mirage’ projects. These projects are nothing more than landing pages with absolutely nothing under the hood. Find the icebergs, avoid the mirages.
#5: It’s not too late. Stay involved.
I clearly remember thinking I was too late to learn the guitar at age 16. How ridiculous is that? In 2008, I started training for triathlons, but thought ‘I’m probably at the tail end of this fad’. In 2012, I thought I was too late to the world of ecommerce & Amazon. In early 2020, I worried I was ‘too late’ when I started really learning about ethereum. In Feb 2021, I felt I was late as I bought my first NFTs.
Forget about feeling too late. It’s never too late to get involved in something you enjoy. If you love web3, find a way to get involved and stay involved.
*One giant caveat: Investing is a different beast. When it comes to buying and selling NFTs & crypto, timing is everything. Markets are cyclical, bubbles form & burst, and narratives change quickly. So while I don’t think you’re ‘late’ to web3, that doesn’t mean you should be throwing your life savings into everything at this very moment. I believe many of the biggest projects have yet to be launched, but 90% of projects are currently overvalued.
#6: Be Like Cobie
I started my journey with a heavy
BTC & ETH bias. It worked well for about a year, but then I started missing out on some incredible returns because I was married to my bags. I’d highly recommend watching this entire episode of Cobie on UpOnly
. Cobie has the gift of being able to separate what he wants from what is actually happening. He allows the market to inform his decisions, rather than allowing his personal biases to dictate his investments.
If your goal is to be an activist, then by all means buy whatever you feel most passionate about. But if your goal is to make money, then let go of your ego and learn to objectively observe the market.
#7 Play Your Own Game
Let’s keep the wisdom flowing from Cobie: