I spent $7,000 #etching #runes on Day 0, and $5,000 #minting, so you don’t have to.

🧵 Here’s what I learned from my costly mistake(s)👇

1. Don’t #FOMO and all-in on the first day. Crazy high fees = crazy low returns. There are plenty of opportunities to #mint once fees go down. Save some of your sats for the next day.

2. Don’t overdiversify, be selective. It’s better to repeat mint good tickers you believe in, instead of the shotgun-approach of buying everything you see.

   2.1. Sure, if you buy 1x 40 Runes instead of 20x 2 Runes, you’ll capture the good ones - but you’ll own so little that you won’t make much.

   2.2. #Memeability is important. The ticker should be catchy and roll off the tongue nicely. If you like the name, it’s highly likely other people will too. The opposite holds true.

3. Target low rune numbers #, or #Runes with actually good tickers. The first 10, 100, 1000 Runes are less likely to fade as the hype dies down.

4. STFU and pay up for 100% #preminted Runes. Yes, it sucks that they aren’t open mints and that you have to pay someone. In hindsight, we can see how #DOGGOTOTHEMOON blew up.

5. Don’t bother burning sats to etch runes UNLESS you have enough that they’ll make it to the first 10, 100, 1000 Runes OR you have great marketing / connections.

   5.1. I spent a small fortune etching these tickers on Day 0 (they were paid for before the halving), yet I couldn’t compete with the big boys. In my biased opinion, they are catchy & memeworthy. But alas, they faded.

   5.2. My $7,000 mistake:

   • #133 YOU•MAY•ETCH•MY•ASS - 1 sad holder
   • #134 SPACES•ARE•COOL - 1 miserable holder
   • #692 SHITCOIN•MILLIONAIRE - 150 holders (still hopeful on this one)
   • #693 JEROME•PUMPWELL - 15 depressing holders
   • #798 FOUR•YEAR•CYCLE - 0 holders

   5.3. More mistakes:

   • #6774 CASEY•RUGARMOR - 0 holders
   • #6776 YOUR•MOM•IS•A•RUNE - 0 holders
   • #6836 RETIREMENT•PLAN - 0 holders

See you in 4 months, when 12 character Runes unlock. Don’t make the same mistakes I did.