# Paperhands Anonymous

**Published by:** [Jason Peters](https://paragraph.com/@jasonpeters/)
**Published on:** 2021-12-16
**URL:** https://paragraph.com/@jasonpeters/paperhands-anonymous

## Content

"This looks interesting," I thought, as I minted Lepidoptera #14 by MJ Lindow on fxhash on November 26th for 5 tezos. I looked at it a few times and I just didn't vibe with the art that was generated. It was my first piece of generative art, and I didn’t have the personal perspective or community to educate me differently.Lepidoptera #14 by MJ LindowI sold it for 13 tezos, a ~50% gross margin after royalties and transaction fees. Sounds good, right? 💰To my amusement and dismay, the floor price continued to rise.📈 This, folks, is what we call “paperhands.” 💡 Paper hands refers to a person who sells an asset too early, and therefore, represents an asset of incredible potential that is sold on for a quick gain Each time I checked the value increasing, I felt a sick feeling in my gut. Watching the gains you could have realized is not a good feeling for us human beings. As of this writing, the floor price is 600tez and may continue to rise. 💡 The "floor" price is the lowest price of any NFT in a certain category For my mental health, I had to step back and use mindfulness to re-frame my perspective. There are many things to be grateful for, despite paperhanding a valuable piece of art:Being early in the web3 spaceLearning about technologies like NFTs, the blockchain, and creative coding methodsBeing surrounded by beautiful creative energyBuilding communityFeeling the pain and learning this lesson earlyHaving the means to be active in the Web3 space. If you're reading this, you are probably have alot to be grateful forBeing surrounded by opportunities with non-linear outcomes. In fact, I found one in the Lepideptora example! Others will come.💡 Nonlinearity is a term used in statistics to describe a situation where there is not a straight-line or direct relationship between variables Speaking of non-linear outcomes: https://twitter.com/naval/status/1464788767953154058 This resonated after my Lepidoptera experience. In fact, Naval tweeted it the day after this happened. Was he tweeting directly to me?! 😆 Holding would have been the right call in this case. However, Naval gives valid reasons to sell an investment, which make sense to me: https://twitter.com/naval/status/1465124744856961027 When we start "Paperhands Anonymous," let's look at the positives. What did we redeploy our capital into? Were those investments fruitful? I urge you to be gentle with yourself, take a step back, and learn from our experiences. Let's support each other on the way. 🙏🏼

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