@Idksamad7869
more from that month
Minting cash bear NFTs knowing it's red flags 22-05-2022 A new NFT collection is out from somewhere and i just jumped in to mint NFT coz it's better than drug's. It's becoming more like addiction i can't control over nerves not to invest in every single project coming out But I'm working on making habit to invest in trust worthy projects with potential no matter it's a NFT or sep20 project I thought NFT time is over and was finally happy to see no more new NFTs mint coming on SmartBCH and people's have now an idea about NFTs so they stopped losing their money on every NFT mint But here comes a guy who is literally minting every single NFT collection and got rugged many time. Ain't it's weird saying i got rugged coz of NFTs but it's true will tell ahead about it. Mistake of minting NFT in bear market Knowing it's bear market and still minting NFT I'll call it a mistake which will definitely become regret when won't see any returns More likely 99℅ of peoples mint a NFT collection for profit and in bear market no one's touch "Buy" anything So it need's a lot more patience to hold NFT or NFT will eventually get devalue coz of no buying volume Peoples will crash NFT floor and it will be 2 or 3x lower to minting price Take this as an example
This is floor of pandaland NFT which is 2x down since minting price was 0.1bch it's selling for 0.055bch only So bear market is something we should be careful while making decision but I'm not making wise decision Though I'll talk about things i learned from first bear market of SmartBCH some other day For now let's keep a look on new NFT collection landed on SmartBCH. Cash bear - A new NFT collection on SmartBCH Every time a new NFT collection land into SmartBCH i always share my point of view and few day's back found this NFT collection through telegram And when i joined minting time was already schedule I did some more research and got to know cash bear is a copy of popular NFT project on Solana
A total of 1500 bear NFTs set to mint for a cost of 0.01BCH And overall 15BCH to be raised from minting which is worth around $2500 at current price of BCH. Minting is ongoing - 2/3 remains to mint Minting of this collection was happened almost two day's ago and speed was actually fine in the bear market
As of now more than 600 NFTs already minted and yet more than 50% remaining. I remember moodies also have 1500 but minting cost is higher than this one though moodies is original art and great plans for SmartBCH marketing ahead yet it's not minted fully. *****I over minted than my expectation's***** When mint goes live i was on screen and thought it's a sequential mint so I'll grab #1 or early one's but it was random mint Though i only minted one and closed metamask Later after asking a question to admin about the roadmap and he said it's original and one other guy also said after doing research
So i decided to mint more and only 6 additional NFTs minted later which is yet not revealed. Which i believe I'm over invested actually I'm poor so minting 6 NFT after knowing it's red flag is something frustrating. One lesson from this mint is always do own research don't rely on someone else research. Some of red flag's i noticed I didn't knew about these red flag's before minting but actually found later when i already minted from my end Firstly i asked question from my side to make sure if i should mint more
Question was about roadmap coz i already know they answered art is copied and was curious if the website and roadmap is also copied or they've originally made one Reason why i asked this question is their website looks quite so professional
Source https://cashbears.online/ From cash bear side they've said roadmap and the website isn't same Later another guy confirmed it and i minted more but that's not an issue i clearly understand Then found out website and roadmap is actually not original
Took from jpeg vault and changed it to bear cash NFT that's it. This is only some red flags doesn't mean I'm saying this project is scam maybe it is or maybe not we will see in the future For what i meant is dev is unknown and came from now where with a copy art and copy website is fishy. fin. In the end NFTs i actually got rugged is Cattos NFT, Pixs NFT coz they've took images as well so i completely lost these NFT . Let me know if you had minted cash bear and what you got coz i can't see mine yet unrevealed And what you think about this NFT project. As far i think this project should stay I can't loss a cent anymore or can't see someone effecting SmartBCH.
26 comments
I almost wanted to mint some cash bears because the art is so unique, but I tried to be patient and ask questions while conducting my own research. Cash bears appears to be a low-key rug to me, and the owner is only on two telegram groups, which is obvious, and looking at the group closely, he appears to be the only one in charge of everything, which raises a red flag.
True, you're on point I've noticed it too He might be someone who rug previously as well otherwise how did he found SmartBCH from now where and launching NFT seems fishy to me.
If everything on red side, then why you minted? You knew it'll be another rug project
I got trick, minted only one for portfolio and art than got played coz of roadmap and minted more realised it's copy of other project later But well invested only i can afford to loss but hope it will not rug don't think so.
Who knows but it seems like something bad will turn out
Hmmm, I have to 🙅 for this for now. Haven't sell a single NFT in this Month. So, huehue 🤧
I've not sold any since last two months haha I'm taking rest now
Well it's another rug pull project to me. I don't find it appealing and the red flags are too much. One reg flag is enough for me to back off. Already in loss in this bear market, lol.
For smart peoples one red flag is enough to not take risk well i actually found red flag too late. I'm also in too much loss this bear market should end now, we need some relief
I don't have much idea about the bear NFT's I know about it after reading your article. Hope so it will be beneficial to invest in bear NFT's
Glad to know this Are you into SmartBCH yet?
It looks very similar to Okay Bears on Solana. I would have also minted if I was aware, because it is cheap and probably because of FOMO.
Yea too similar with it I got FOMO seeing cheap price
I lost on Cattos x 10 and Pixs x 1. As for Bears, don't know rug or not. I just minted one. Time will tell.
I lost 5 cattos and 3 Pixs Exactly time will tell.
i havent check my cattos, but i have about nine of them. since we take over bch gang nft, i haven't invested in any new project, i dont want to get fomo in this market.
I've not looked much into BCH gang thing tbh
i think much information hasnt been share about the development, actually many things has been going on in background, though it might a little bit time before we release the staking but , its in development. ask martin anything you need to know about the development
We will see... soon
Yea we will..
Hope that project is worth it. I stopped investing in NFTs for now. I didn't know Cattos is gone. That's bad.
Art is totally worth for cheap price, yea it's been so long since cattos is gone
I fought the urge to mint one because just like you i keep on minting despite promising not to. I hope and pray it isn't scam. But i'm not minting any.
Yep true Make sense to mint one for collection art is cool and worth if it stays
I don't really buy NFT's. I have done a little research on NFT's in general and what I learned is you basically consider your crypto gone just after a purchase. Yes you own that NFT and it could worth way more later, than you bought it for, but to be able to gain profit on it you have to sell it. Is that the hard part? I don't really know.
Yes, you're right We mint NFT from sale we don't know what we will get it's totally random If it's a rare it can worth a lot if a common than it can worth more than minting but less profit.