Why 99% of you will never make it by trading NFTs
I listened Luke Martin‘s podcast with @0x_fxnction on how he made millions flipping and investing in NFTs, so you don’t have to.
We’ll dive into the tricks and tips on how to successfully catch emerging blue-chips and strategies on finding new projects.
Well how does one start making bets?
The key is self-awareness, not only about yourself but also the community around you.
I have personally missed out on blue-chip projects such as VeeFriends, when it was first talked about by Gary Vee and those around me.
I missed out on good money and a great community because I was ignorant and did not take action.
These are tips and tricks that will help all Web3 investors!
At the end of the day, it’s all about understanding the meta.
“To have internal stillness within all the mess that’s happening in crypto, to feel good and trust yourself about the investments that it’s going to do well even if you don’t know why.”
But how can we do so?
- Research, spend time on CT and discord
This will help you decide when or not to ape in.
- Take calculated bets by understanding risk
To know that you could take 100 bets, 96 of those bets fail but only 4 hit the home run by (10x — 200x).
Back in December 2021 and January 2022, people were saying SOL NFTs were dead.
DeGods had a floor price of 3–5 SOL and look at em now…
“Pay attention before everyone else is.”
Everyone has been sleeping on Solana NFTs…
Here are a few reasons why the SOL chain is better than ETH chain.
- Easier excess
- Faster
- Cheaper
“Minting on SOL is fun.”
The fun has only begun as recently OpenSea integrated SOL into their platform, giving everyone exposure to SOL NFTs.
To wrap it up here are the key takeaways:
- Pay attention, have self awareness
- Conviction, by putting in the work
- Take action, don’t let the opportunity slip by
- Don’t give up, you only need 1/10 home runs
If you want to checkout the full interview, here’s a link to the podcast.
If you prefer reading on Twitter, checkout my thread down below:
Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing
