 | With G4 coming out tomorrow I know some people are excited about speculatively buying avatars. But just like I warned people about G3 - I feel like I need to make another warning for G4, and hopefully with the massive failure of G3 people will actually listen this time. If you do buy anything in G4, please make sure it's something you actually want because the price will inevitably collapse like G3 did. Rojom a G1, G2 legend and creator of the most Expensive avatar "The Hands", has his $10 G3 avatar "The Masks" selling below mint value and his $50 G3 is nearly selling below mint value. TFoust another G1 and G2 legend has his G3 $50 mint avatar, "Magma Foustling" selling right now for $40 on OpenSea. Gasolyn a breakout artist from G3, has ALL of their G3 avatars "Morgan, Eris, Seraphina" selling below mint value. This is just a small list of some of the most popular artists from G3 that are underwater. But the list goes on and on to almost every avatar and every artist, 2 of 3 G3 ChipperDoodle (artist behind ConeHeads) avatars are selling below mint, BaldTuesday are all selling below mint, Connal in Space are all selling below mint.. --------------------- "If ReDdiT iS BeArIsH oN G4 tHaT mEaNs I sHoULd bUy G4, InVeRsE ReDdiT AmIrItE? Seriously STOP. It wasn't just speculators that made G3 fail. Look at what made G3 fail. An extremely large amount of artists with no single way to find Reddit Avatars on OpenSea. High Total Mints for Avatars, and higher prices. None of the Major things that made G3 fail has changed. There will likely be more artists also spread across OpenSea. Even Higher Total Mints this time - there are some avatars that will be 10K mint in G4, previously the max was 5K mints in G3, prices will be just as high. The only thing that will hopefully change is less speculators selling the next day at 50% below mint price. ............. With G4 selling just over three and a half months after the failure of G3 - it's clear what these Avatars are to Reddit, a way to sell items and make money from normal people on Reddit, not a vehicle for speculative investments. Do not buy these Avatars thinking you will make money, just like G3 everyone speculatively investing will likely get severely burned on their purchases. The only reason to buy from Reddit intead of buying from OpenSea the next day at a Discount - is if you like the Avatar and you want to support the Artist. [link] [comments] |
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