Welcome to my first blog post on this exciting journey! Once again, my name is Zack and my goal for this space as a whole is to ensure that everyone has as much information and do not make the same mistakes that I have made in the previous 7 months!
A little back story, if you have read my about me section you will understand how I got into this space. I want to set the scene on my NFT journey for all of the new investors who are excited but also intimidated to take the first leap into the space. I want to explain that I am 26 years old, with a masters degree in special education. With that being said, yes I am a teacher, and yes teachers do not make very much money. I found myself in a position where I had invested $1,200 USD into ADA when it was at $2.92 USD. I had about 650 ADA to my name. I started staking, but the earnings per EPOCH was not going to accomplish what I wanted for my portfolio. I wanted to take a risk.. (hence the blog Risky-_-Rascal CNFT) I risked all my ADA and jumped into this space to explore the possibilities! I quickly realized that NFT’s are EXTREMELY addictive. I also realized that my occupation does not allow me to invest as much as I would like.. soo what did I do.. I went on a grind.
Growing up I was always taught reap what you sow. Hard work always pays off and in this sense.. I believe this has been the case for me for NFT’s. I knew I didn’t have the fiat to spend on everything that I wanted to invest in. So, I made it a point to give the projects that I wanted to be apart of (but was unable to due to fiat) my all by shilling on twitter, in other discord shilling sections, and word of mouth. By doing this I was able to enter daily giveaways and level up in the discord to earn rewards instead of using fiat. There is one thing about this space, if you work hard, it is very rewarding. In hindsight, if you work hard in projects you do not do your own research in.. this valuable time can be wasted and miss out on a huge investment opportunity.
I got my first moderation job for a project called Jackpot Society. I had looked into the roadmap, the Litepaper, and was very active in the discord. The one thing that I failed to realize is that if something is too good to be true.. it usually is. I let logic and my own concerns get blinding by my willingness to be successful. The dev team hosted an event for shilling, invitation contest, and leveling up. I worked so hard to win them all. I gave my all to this project. I was promised 1,600 ADA after the main mint.. (red flag #1). I was blinded by the incentives of my work to what was going on. This dev team was not doxxed (which means the team did not reveal their true identities) even though the community begged them to do so. (red flag #2). This team also never had live AMA’s that had video recording of themselves (red flag #3). Then the last straw was the team went on a “vacation” right before and during mint (red flag #3). This is when the team should be the most engaged with their community. With all of this being said.. I felt that a rug (the team running out on the project) was imminent, but once again, I was blinded by hope.
In conclusion and the main takeaways from this first blog is that I once was an early investor that believed it was not possible. I also worked my ass off and realized that I was investing my valuable time into someone who was out for malicious intent in this space. The thing to understand is, if you have a hunch or a gut feeling that something is not right.. it is probably not right. If you ask questions in a discord and you get made fun of or ridiculed for asking.. its probably not right.. Trust your gut. It is usually right. Hard work and grinding in this space will get you very far and noticed by great people. I am a product of that myself. Having fiat is a big factor, but your time and dedication to a community who is committed is even more valuable!
Much love and WAGMI!
Just got into the cryptocurrency space? Do you keep hearing about these NFT’s? Are you unsure where to start or how to conduct research? This blog is created to share the insight that I have learned from my mistakes as an investor in the NFT space. Everyone doesn’t need to learn the hard way. WAGMI!