# 3 things NFT Artists & Collectors struggle with during the bear market *I wish I knew this when I started* By [Nahiko's Bookmarks](https://paragraph.com/@nahiko) · 2024-08-11 --- As I'm looking for inspiration to write this intro, I look out the window and up there, between the trees, I see train tracks. They are a reminder of my life before NFTs. Everyday I was inside that train heading to my 9-to-5 job at a big robotics company. I didn't hate my job, but something was off. I needed to build my own thing. Do you have a train track ? A constant reminder of **_why_** ? ... **Today I want to talk about 3 things NFT Artists & Collectors struggle with during the bear market.** 1\. Resisting to Pressure ------------------------- ### The Outside Pressure In a previous newsletter I've talked about how the fluctuations of the crypto market can break you: [![User Avatar](https://storage.googleapis.com/papyrus_images/1c9984b191f35bc95eadc0ff5a7d21a8.jpg)](https://twitter.com/Nahiiko) [Nahiko](https://twitter.com/Nahiiko) [@Nahiiko](https://twitter.com/Nahiiko) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/Nahiiko/status/1821777184048234547) Why Beeple sold all his ETH and you should too ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png) (ELI5 for Artists) [![User Avatar](https://storage.googleapis.com/papyrus_images/849ec53d241db480a1b88792f4c4bbdc.jpg)](https://twitter.com/udiWertheimer) [Udi | BIP-420 🐱](https://twitter.com/udiWertheimer) [@udiWertheimer](https://twitter.com/udiWertheimer) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/udiWertheimer/status/1374658270221176833) Elon sells the best car in the world. keeps revenue 100% in bitcoin Beeple sells jpeg files, sells every last ETH he receives [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 22](https://twitter.com/Nahiiko/status/1821777184048234547)[ 7:15 • 9 Aug 2024 ](https://twitter.com/Nahiiko/status/1821777184048234547) But fluctuations impact more. For example, selling was easier in March 2021 than now. Despite this, **I released my biggest project in November 2023, a bear market**. Don’t let market conditions dictate your release. Adjust your marketing strategy. Artists often resist marketing, but it’s essential. Even NFT collectors like Cozomo understand that to attract new talent you have to put yourself out there. That's just how life works. Don't be stupid, Market your art. ### The Inside Pressure You are your own enemy. Don't let fear stop you from making good decisions. Fear is natural. * I fear having to go back to a 9-to-5 job. * I fear that the market might be my downfall. * I fear that my next projects will not be good enough. But at the end of the day, you have to make decisions. And **fear should not dissuade you from making the right decisions.** 2\. Keeping their money ----------------------- ### Avoiding Scams and Hacks Look, there are So many things that could and should be done. Here's what I do: * Withdraw money after a sale. * Keep unsold crypto in a [multisig](https://x.com/safe). * Diversify unsold crypto (Stables, Gambles, etc.) * When an app asks to spend crypto for you, change the amount to reflect what you will actually spend (by default it's ALL of it) * Read Smart Contracts for important transactions (you can use chatgpt). * If I need a company's website, I check their Twitter bio, then cross-reference it with Google. * Use a hardware wallet for important stuff, hot wallet for the rest. * Don’t EVER download files someone sends you per DM. * If you HAVE to, open them in a browser, or better, a VM (I use [tart](https://github.com/cirruslabs/tart)) Share your tips in the comments! ### Diversifying The rule is simple: **If your assets' foundation vanishes, are you screwed? If so, diversify more.** * Diversify your wallets (Hot: Metamask, Rabby, and Cold: Trezor, Ledger,...) * Diversify your social platforms (Twitter, Discord, Newsletter, Instagram,...) * Diversify your revenue (Selling Art, Reinvesting revenue, Sell your niche knowledge, etc.) ### Forgetting the Taxman The taxman doesn't care if ETH went down 90% yesterday. If you owe money, you better make sure to keep it safe. [![User Avatar](https://storage.googleapis.com/papyrus_images/5b476ded2ecdfca0a5d6038d29eb72b7.jpg)](https://twitter.com/Nahiiko) [Nahiko](https://twitter.com/Nahiiko) [@Nahiiko](https://twitter.com/Nahiiko) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/Nahiiko/status/1821777265723875649) One of my friends made $350,000 in 2021 from a big project, and kept everything in crypto. The guy is a true degen ![👑](https://abs-0.twimg.com/emoji/v2/72x72/1f451.png) Still, he later consulted an accountant. The news was devastating. ![](https://storage.googleapis.com/papyrus_images/f071b929eebaf674dc496cfebe967c07.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 6](https://twitter.com/Nahiiko/status/1821777265723875649)[ 7:15 • 9 Aug 2024 ](https://twitter.com/Nahiiko/status/1821777265723875649) 3\. Getting new ideas --------------------- ### Keeping an Idea List I once spoke with a seven-figure NFT seller who advised to keep a list of 100 ideas. Since then, I've actually started doing it. I'm still pretty far off the 100 ideas (Actually **I just counted, I am at 136 ideas !**) I jot down ideas and add them to my database (like Notion), when I get home. ### Getting inspiration from Nahiko (and others) Lastly, you'll need inspiration to create your list of ideas. Creativity is simple: your brain needs to consume high-quality content to produce high-quality content. Here are this week's bookmarks (I heard it's very high quality content 😉 ) ✨ Flux is taking over [![User Avatar](https://storage.googleapis.com/papyrus_images/67bad39cbeebcef9fbbdd5e6c7738193.jpg)](https://twitter.com/javilopen) [Javi Lopez ⛩️](https://twitter.com/javilopen) [@javilopen](https://twitter.com/javilopen) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/javilopen/status/1821817358345806153) ![🤯](https://abs-0.twimg.com/emoji/v2/72x72/1f92f.png) Believe it or not, this image was generated with AI (Flux + LoRA). This image changes EVERYTHING: \- A new reign begins: Flux (Bye, Midjourney, SD, Dalle, etc.). \- We’re leaving the "uncanny valley" behind. We'll never be able to tell what's real from what's not again. ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png)![👇](https://abs-0.twimg.com/emoji/v2/72x72/1f447.png) ![](https://storage.googleapis.com/papyrus_images/e4f464f04e6b45032ed41b5a577e296c.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 1,836](https://twitter.com/javilopen/status/1821817358345806153)[ 9:54 • 9 Aug 2024 ](https://twitter.com/javilopen/status/1821817358345806153) ✨ AI Streaming is easy now ? [![User Avatar](https://storage.googleapis.com/papyrus_images/cef9985a1c468d76b898ececaa8fe5c7.jpg)](https://twitter.com/LinusEkenstam) [Linus ●ᴗ● Ekenstam](https://twitter.com/LinusEkenstam) [@LinusEkenstam](https://twitter.com/LinusEkenstam) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/LinusEkenstam/status/1821946148774404123) Nothing to see here… But this is from a single still image Avatars using AI will be huge for streamers, remote workers, influencers No need for expensive 3D pipelines and mocap, just a phone or webcam. What have we gotten ourselves into? ![](https://pbs.twimg.com/ext_tw_video_thumb/1821066659228274688/pu/img/tOffk30f0vH2O2qs.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 1,501](https://twitter.com/LinusEkenstam/status/1821946148774404123)[ 18:26 • 9 Aug 2024 ](https://twitter.com/LinusEkenstam/status/1821946148774404123) 🖼 Web Magic [![User Avatar](https://storage.googleapis.com/papyrus_images/a8aceb1905a3da2d464edabfa3b38c3a.jpg)](https://twitter.com/AlexandreDevaux) [Alexandre Devaux](https://twitter.com/AlexandreDevaux) [@AlexandreDevaux](https://twitter.com/AlexandreDevaux) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/AlexandreDevaux/status/1821218971456086510) Created a small prototype to generate Muybridge effect ![😀](https://abs-0.twimg.com/emoji/v2/72x72/1f600.png) It runs directly in your browser using your GPU to extract human Demo: [whenistheweekend.com/motion.html](https://t.co/z0vjSWJFpL) [#AI](https://twitter.com/hashtag/AI) [#Olympics2024Paris](https://twitter.com/hashtag/Olympics2024Paris) [@threejs](https://twitter.com/threejs) ![](https://pbs.twimg.com/ext_tw_video_thumb/1821218460698808320/pu/img/OeInvzzIrJuv92aq.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 566](https://twitter.com/AlexandreDevaux/status/1821218971456086510)[ 18:16 • 7 Aug 2024 ](https://twitter.com/AlexandreDevaux/status/1821218971456086510) 📖 A Giant Crypto Timeline [![User Avatar](https://storage.googleapis.com/papyrus_images/44ba9ef24120969581d8fa00904088c2.jpg)](https://twitter.com/stepahin) [Igor Stepahin](https://twitter.com/stepahin) [@stepahin](https://twitter.com/stepahin) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/stepahin/status/1818322669390967294) Nobody's done this before with [@figma](https://twitter.com/figma)! What if I take all the file versions over 3 years and create a timelapse? Turns out the API can! A python script exported 880 PNGs 13800 × 2400 of [@GrandTimeline](https://twitter.com/GrandTimeline) in a few hours. Than, a lot of AE work. Script in the file, bottom left →… ![](https://pbs.twimg.com/ext_tw_video_thumb/1818321968686346252/pu/img/5RrdEcxkm7276__l.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 23](https://twitter.com/stepahin/status/1818322669390967294)[ 18:28 • 30 Jul 2024 ](https://twitter.com/stepahin/status/1818322669390967294) ✨ Getting Elon in your team meetings [![User Avatar](https://storage.googleapis.com/papyrus_images/196de9b43319b9c1f9794d0e7563e498.jpg)](https://twitter.com/MatthewBerman) [MatthewBerman](https://twitter.com/MatthewBerman) [@MatthewBerman](https://twitter.com/MatthewBerman) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/MatthewBerman/status/1821949143918489794) #1 trending github repo right now looks INSANE Single image to live stream deep fake. Look at that quality!! It's called Deep-Live-Cam (link in replies) ![](https://pbs.twimg.com/tweet_video_thumb/GUjc9byboAA9kWg.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7,464](https://twitter.com/MatthewBerman/status/1821949143918489794)[ 18:38 • 9 Aug 2024 ](https://twitter.com/MatthewBerman/status/1821949143918489794) See you next week ✌ Nahiko * * * _If you enjoyed this marketing idea, please tap the Share button below_ ❤ _Thank you!_ [Share on Twitter](https://twitter.com/intent/tweet?text=I%20found%20an%20interesting%20newsletter%20%21%0A%0A%40nahiiko%20pushes%20the%20boundaries%20of%20NFTs%20and%20shares%20everything%20he%20learns%20along%20the%20way%3A%0A%0Anahikosbookmarks.com) **_I share 1 new thing I learned in the NFT space, every week_** ✨ Don’t miss the next one: [Subscribe](https://paragraph.xyz/@nahiko/memberships) --- *Originally published on [Nahiko's Bookmarks](https://paragraph.com/@nahiko/bookmarked-21)*