Mutant Ape Yacht Club — Good Buy or Goodbye? | by Henrique Centieiro | Jul, 2023
So, my fiancé and I are considering buying a Mutant Ape Yacht Club NFT. I think she is a little more into it than me, although she thinks I wanna buy the MAYC as much as she wants.
To help with the decision and reinforce its rationale, I’ve laid down part of my fundamental analysis of why (and why not) we should buy a MAYC.
Decision Analysis Over Ego & Biases:
Some investments can get pretty emotional. Are we doing investment x because it passed our decision process or because of FOMO?
In this case, are we looking into buying Mutant Apes because they are rationally a good investment or simply because the price dropped, making them finally affordable to us? Should we buy a MAYC because it’s now only ETH 6.4 (i.e., approx. $13 000)?
Successful investors stick to their investment strategy and remove as much as possible uncertainty, ego, and biases. I’m going to try to do the same.
“The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks (cryptos) as long as the fundamental story of the company hasn’t changed.”
– Peter Lynch
Is buying a MAYC NFT aligned with my investment thesis?
My investment thesis:
- I invest in disruptive technologies that bring efficiency leaps across different sectors. Blockchains bring decentralization, censorship resistance, and secure systems. Crypto can automate processes and disrupt multiple sectors, from finance to digital payments, wallets, privacy, gaming, social media, and more.
- I also invest in tech stocks and startups with innovative technologies that can offer asymmetric opportunities.
- Financial model: allocate available cash across a diversified portfolio that, at the moment, includes around 11 startups, 25 cryptocurrencies, and 35 stocks/ETFs. NFTs represent a negligible allocation in the portfolio.
