Web3 Tips
Set the Right Intentions and Win at Mental Health and NFTs
It’s a game changer
Bear this, bear that. Unless you live in a box without an internet connection, you know that we are in — what we call — a bear market. Things are riskier, fear is high, and greed is low. Ahh! Painful.
That NFT that was worth 10k, is now close to 0.
I’m not going to lie, this can strain anyone’s mental health, and I am here to help you — ease the load.
I often ask clients what their intention was with specific behaviours (this is a trick question, which many fall prey to).
Usually, folks describe innocently what they intended and when they hear that back they’re shocked. Their intention was good, but the execution got them into big trouble.
You intend to make money with NFTs.
Okay. In the bull market, you could have thrown shit at a wall and made money. However, it isn’t the case in this bear, far from it.
So let’s pretend that in order to keep on track, you throw money on different projects, only to see floors tank. At this point, you either take a loss or become a rekt diamond hand.
The intention is still there, but the execution no longer works in your favour.
What’s the deal with intention, then?
- Sometimes intentions are not clear enough: Clarify!
You want to make money. Fair enough. But how much money are we talking about?
Are you looking to make a fortune by the end of the week? Or in 6 months? or 2 years? Because this shit does matter. How much of your profits are you planning on cashing out?
What sort of ROI are you looking for? (return on investment) because if you intend to make money, 1.5x/2x is plenty of return on a smaller flip.
But if you expect 10x straight away, you might get nothing. Do you see what I am getting at?
2. Are you investing, trading, or in it for the art?
It still comes under the category of clarifying things, but this deserves a separate point.
Look through your wallet and review your intention with each of your NFTs.
Was this an investment? Was this a trade you have a clear goal for? Or is this something you invested in because you vibe with the community or love the art?
Because this makes a HUGE difference.
And this is when we loop back to our mental health.
Working through the above will help you feel more satisfaction and success. It’s a game changer.
Instead of feeling down about not getting yourself a Lambo on day 2 after a project mints out, you can be sitting smugly with your $100 profit.
It doesn’t sound like much, but it might help you get through this bear market. Your mind will thank you for it.
Feelings of satisfaction set off a cocktail of feel-good hormones, so why not get more? And all you need is to be clear about what you are doing and why.
Sign me up.
