How to earn 70 ETH from 10 ETH? A quick look at the investment experience of overseas NFT players
Original compilation:
Original compilation:This article is from The Way of Defi.
This article is from The Way of Defi.
Overseas NFT player NFT Alpha Beta shared his NFT steady investment experience from 10 ETH to 70 ETH yesterday on Twitter. .
Volume > Price
The trading volume is more important than the price, the price itself has no meaning, and the floor price without any actual trading volume is as fragile as an elephant standing on thin ice, and it is easy to collapse. Volume stability is critical for a project 'to the moon', otherwise it will experience rapid price corrections when new sellers appear.
Generally speaking, the greater the trading volume, the better the price stability. The trick is to look at the activity on OpenSea between "Newly Available NFTs" and "Sales", rather than focusing on "Buy Now". Doing so can help you sort out market supply information such as new listings of NFTs entering the market versus unminted quantities.
Do you need to cast if you get the whitelist?
I will only mint NFT when the transaction price reaches 180% of the minting cost. The cost includes related gas fees, minting fees, and transaction commission fees. At this level, whether you want to ship or hold, you are almost Make sure you don't lose.
Again, trading volume is the key. The floor price may be high enough to make you want to sell, but if the price is immeasurable, the probability will drop rapidly, because other 200 people may have the same idea as you, and every Maybe only 2 people bought it in 10 minutes! Pay attention to the transaction volume, not the floor price!
Always sell at peak volume
I almost always use volume as a criterion for when to sell. Any successful project will always see the most volume, hype, and price action in the first 24~48 hours after launch, which is the best time to sell, even for those projects that I am bullish and like.
There is no NFT that only goes up but not down
If you like a certain NFT project and want to hold it for a long time, then buy it back a few days or weeks after you sell it, because at that time the hype will cool down and the market interest will be low, you can Buy it cheaper.
Resisting the FOMO Train
If I don't buy it now it will become more and more expensive again! How many times have you had this thought while watching the price go up steadily and break out. This is the FOMO train and definitely not the best time to buy. Those Paperhands bought at this point in time will only be sold at a lower price shortly thereafter. Don't laugh at these guys, when the hype cools down and the price drops further, it's better to stop than lock in.
Don't FOMO into the market at ATH and end up being forced to become diehard holders, we've all been there, don't do it again.
proud of paper hands
I always sell before the blind box, which is when the price is significantly higher and the stacks are less spread. The probability of getting an exclusive rare item out of 10,000 blind boxes is too low, and it is not worthwhile to lose a 20-30% premium for a gamble.
If you want to gamble, it’s best to finish opening and selling during the blind box opening period with the highest transaction volume, otherwise you will be forced to become a long-term holder.
Get 20~30% more value from each shipment >0.01% chance to receive rare items. Always operate with this mindset and make a profit instead of gambling with such low odds.
diamond hands later
Try to wait until the market cools down and prices are lower before hoarding NFTs, which usually happens a few weeks after launch + hype. For example, my Kumo x World NFT buy price is less than $0.1, and thelittles buy price is less than $0.3.
Yes, there is a chance that prices won't go down, but most of the time it usually does, and this is an opportunity you can stock up on. The worst thing to do is to buy at the most FOMO moment, and then when the price drops, you start to make a bunch of excuses to convince yourself that long-term holding is fine.
invest
invest"people"
Today, most projects have no intrinsic value and are driven by hype and future expectations. 95% of all roadmaps you see today are the same. And "people" is the biggest factor that makes these projects different from each other, which is why the NFTs I hold are all based on the team behind them. Art, utility, and price aside, I'm betting on people, the only long-term investment.
Hindsight is a curse
how many times have you told yourself"It must be a blue chip coin", but didn't really take off? You can't be sure if this is a blue chip at all. Don't you know that you are buying a locked coin before you are trapped?
Every time I make a profit, I will not look back, even if he flies into the sky after I sell it, it will eventually collapse. Is the content of the blind box I sold rare? I do not want to know. Stop thinking hypothetically, it makes no sense and is not productive, let your beliefs work, and stick to your strategy.
market trend
NFTs and other tradable things follow the same principles and characteristics, and have the same behavioral finance behind them. Prices don't go up forever, there are always downside corrections during periods of consolidation. We really have no way of telling when it's a peak or a trough. That's why the best time to sell is when prices are rising and volume is high, and the best time to buy is when no one is paying attention. Buy what no one is talking about, sell when everyone is talking; buy on rumour, sell on fact.
Portfolio Management
It is best to hold at least 30% ETH in your NFT portfolio, so that when ETH rises, NFT will become relatively cheap, and this is a good time to buy. On the contrary, when the Ethereum falls and the NFT rises, it is easy to exit the market and exchange it for ETH, and take a profit.
luck is also a factor
When you find out that everyone but you is making a lot of money, know that it doesn't necessarily mean that they are better than you, and many times luck plays a big role. He/she who joined DC and OG first got to the white list before HAPE became popular; or he was lucky enough to open 1/1 NFT of Karafuru.
In the final analysis, luck is very important in this, and sometimes you only need to be lucky once, and you can make a lot of money. Many times, "successful" people are just because of shit luck, not because of some magic formula. So don't underestimate yourself.
other strategies
Other strategies are more advanced and more stressful to operate, such as rarity sniping. But be careful not to greatly increase the Gas Price to compete with others (Gas war), high risk and low return, you need to be careful to win them, and you can't beat the robot.
