Failure is one of the possible outcomes of trying. Ill always respect someone who tries.
Why are so many people willing to sell their NFTs so cheaply? They will regret it.
Mr. Market is weird. You can ask the same question for ZEC.
Why are so many people willing to sell their ZEC so cheaply?
∞/10,000
Stop and think for a second. ZEC currently has a market cap of ~$1B. This collection, which will be the top Zcash NFT collection, only has 10k items forever. If it were valued at only, say, $10 million (which is a tiny fraction of the market cap of ZEC, and very low compared to other collections), that’s still $1,000 per NFT. If goblintown managed to get to a 4 ETH floor, Cypherpunks can too. This is just a phase where those who have a lot of NFTs from the minting phase (unfortunately that 4/16 NFTs minting limit per address led to some individuals having tons of NFTs) are selling cheap to amortize gas costs and make a small profit, or just to increase adoption. When this is over and more details about the future uses and benefits of this collection come out, I expect a floor of at least 1 ETH.
I’m still mad that I missed the minting.
PS: If Satoshi were to voice his opinion on Zcash, I think he would be proud of the cryptography ZEC has. imo Zcash is the real coin of the cypherpunks.
but not mad that the floor has been quite low for some times, right?
Nope, not at all. I’m in for the long term, bought because I love the idea behind Zcash and believe in this NFT project. I’m not here to get rich overnight trading the NFTs.
Who charged a lot of bargains today?
Answered your twitter with:
" IMO a community-founded DAO is the way to go. It would give a new avenue for people to engage and connect. It offers a new way for people to have a sense of ownership and say in the future of the Zcash ecosystem."
An experiment always involves risk and there is the difference between reckless and measured risk. As its a community-founded DAO it is the responsibility of the community to make it work.
Well for me, given that resources are limited, I selling to reinvest in CZ NFTs I believe to be more valuable. Trying to balance quantity and “quality” of my collection.
It seems that this person has used multiple wallets during the mint.
Yes, I agree that this seems to be the case. There are several entities that looks to be doing the same thing.
Edit: Removed the list and change it to Gem Analytics Dashboard
Yes, its very clear from the ERC 721 transactions that these accounts did not respect the fair distribution efforts. Was discussing with @russ, on discord, that the so called soulbound tokens could help with sybill attacks. Not sure if this can be arranged for CZ NFTs though.
Record sale 4.95 ETH
Heating up.
Maybe this will get the people selling for 0.05 to wake up.
Good. Next stop: collection verified on OpenSea. Let’s go
6255 for 4.95 ETH? Its not that special, must be personal preference. I guess thats a great sign. Hoping ask prices for rare items are confirmed soon. Keep reminding myself its only been 7 days.
I was thinking, I would love if ECC would mint some collectible physical Zcash coins made of copper, silver, and possibly even gold.
At the moment I have one of these, but they’re cheap Chinese products with sharp edges and of poor quality overall (the plating rubs off the coin when you press it, etc.).
from those I like the first & the second, would probably grab the first.
Astronaut Cznft looks cool