Sidney🪄MagicEden
1.9K posts

Sidney🪄MagicEden
@sidazhang
Co-Founder & CTO @MagicEden Recovering engineer from Uber / Facebook. https://t.co/oOTvOHpi0y is not accessible to US residents




What if Notion built a Slack competitor?






This is not a bull post. We're at a new low point. DeGods at 1.5 ETH, y00ts at 0.35 ETH, and BTC DeGods at 0.3 BTC. I've seen a few opinions about why we're failing. Blend, ETH prices, or that I'm not tweeting enough. But there's a deeper reason, and it's clear to me now. I've been trying to please everyone. I've been doing what I think people want me to do. I've been saying what I think people want to hear. I'm getting pinged by whales and long-time community members, telling me to go back on the timeline and start bull posting. In pursuit of trying to make everyone happy, things become disorganized. It becomes impossible to have a clear direction. So, now our community is full of people who all want different things. The only way to solve this is by saying the uncomfortable truth - something that people do not want to hear. 3 reasons why you should sell your @delabsxyz assets: 1️⃣ You want the floor price to go up immediately. The capitulation is going to continue. There are 100+ DeGods listings between 1.5 ETH and 2 ETH. There are 400+ active loans on DeGods. y00ts have always been capped by the ceiling of DeGods. Same for BTC DeGods. No hopium. This is just the truth. If you're looking for a quick flip I suggest you check out other projects on BTC or memecoins. You'll probably have better luck in that direction. If holding your @delabsxyz assets makes you uncomfortable - you're doing yourself a disservice by staying with us. Do what you have to do. We will find the bottom organically. 2️⃣ You want airdrops. I'm grateful for the @wormholecrypto airdrop & other potential drops our community will receive. But airdrops were never the reason to join our community, and they shouldn't be a reason to stay. If our community receives more airdrops - it will be because founders see productive value in providing tokens to us to help evangelize and govern their protocols. 3️⃣ You want to complain. When you complain, you set yourself up to lose. Complaining is the least productive way to spend your energy in a market that is chalk full of life changing opportunities. I want to see everyone in our community win. If being in our community continuously upsets you... make a change. DeGods is not your 401k. y00ts is not a retirement plan. If you're looking for either, look elsewhere. --- The only reason you should hold a @delabsxyz asset is because you want to. It's that simple. If the day comes where that no longer is the case - then sell your NFT to someone that does. So, why am I still here? I'm proud of the work we've done in the past. I'm proud of the brands we've built & the community we've put together. I believe our best work is ahead of us. I own 50+ DeGods and 70+ y00ts, most of which I purchased from the secondary market. I've bought every top & bottom. I will continue to do so. If you're excited about new art, experiments (that might succeed or fail), and meeting cool people - great. If you're looking for anything else - use this as an opportunity to exit - for your own sake. No hard feelings. All love. If you're locked in. Enjoy the capitulation. Let it go lower. I told you this wasn't a bull post.




