When it comes to Renga, would you recommend holding the Black Box or burn for Renga itself. It always seems logical holding when the supply is decreasing, but I just wanna hear opinions if you had to choose between holding a Black Box or burn, which would you prefer?
Sep 20, 2022·edited Sep 20, 2022Liked by Mint Media
What's up Danny - the reason you're asking this is precisely why I would stay strong and hold your Black Box vs. burning. I burned a couple and was lucky to get one rare but also got one floor - of course, the play would have been to not listen to my monkey brain telling me to roll the dice. I think its price action demonstrates that ultimately, people are willing to pay a premium to gamble.
As the Black Boxes continue to be burned, I expect a supply shock to occur similar to what we saw last week with the steep run-up to 3.2 ETH. I own 4 RENGA and one Black Box and will be holding my last one so I can have exposure to an asset that will become more and more scarce over time. GL!
Great article. Mint weekly is one of my must reads. I appreciate how thorough the team is.
Appreciate this kong!
When it comes to Renga, would you recommend holding the Black Box or burn for Renga itself. It always seems logical holding when the supply is decreasing, but I just wanna hear opinions if you had to choose between holding a Black Box or burn, which would you prefer?
What's up Danny - the reason you're asking this is precisely why I would stay strong and hold your Black Box vs. burning. I burned a couple and was lucky to get one rare but also got one floor - of course, the play would have been to not listen to my monkey brain telling me to roll the dice. I think its price action demonstrates that ultimately, people are willing to pay a premium to gamble.
As the Black Boxes continue to be burned, I expect a supply shock to occur similar to what we saw last week with the steep run-up to 3.2 ETH. I own 4 RENGA and one Black Box and will be holding my last one so I can have exposure to an asset that will become more and more scarce over time. GL!
I been holding a few. What love to hear your opinion on Renga for the future.