24/05/2022
Do you know what happens when the government “prints 💵”?
In the case of coins, a tube of a precise diameter, made of a precise alloy, is cut to a precise thickness, get’s the oficial George Washington’s face (in the case of a $0.25 coin), registered in the treasury, and voila… new 🪙 is minted and gets put on circulation.
The thing about government minting is that the produced coin is always worth the same.
But, when it comes to NFTs… it’s a whole different story.
“Minting” NFTs involves a tiny cost for putting it on the blockchain for the first time…
After that, the price of it almost always shoots UP!
Sometimes by a little, sometimes ridiculously by a lot.
That’s why, when it comes to NFT's, one of most profltable things you can do is get in early enough to mint it, then flip your minted NFT immediately for a juicy multiple, or hold it long-term for max gains potential.
Being early enough to get in on the “mint” phase of a good project is sometimes all people have to do for life-changing gains.