๐ฆ๐ง๐ข๐ฃ ๐ ๐ฎ๐ธ๐ถ๐ป๐ด ๐ง๐ต๐ฒ๐๐ฒ ๐ก๐๐ง ๐ ๐ถ๐๐๐ฎ๐ธ๐ฒ๐ ๐จ
People are losing BIG on NFTs, not because they are scams, but because they are making avoidable mistakes.
Letโs fix that TODAY ๐
๐ธ๏ธ๐ฝ๐ช๐ฎ๐๐ฃ๐ ๐ ๐ช๐จ๐ฉ ๐ฝ๐๐๐๐ช๐จ๐ ๐ค๐ ๐๐ฎ๐ฅ๐
You see an NFT trending on Twitter. Influencers are talking about it. The price is going up fast!
So, you rush to buyโฆ and then the price crashes.
๐๐ผ๐ ๐๐ผ ๐ฎ๐๐ผ๐ถ๐ฑ ๐๐ต๐ถ๐ โ ๏ธ : Always do your own research (DYOR) before buying. Just because something is trending doesnโt mean it is a good investment.
๐ธ๏ธ๐๐๐ฃ๐ค๐ง๐๐ฃ๐ ๐๐๐๐ช๐ง๐๐ฉ๐ฎ (๐๐๐ฉ๐ฉ๐๐ฃ๐ ๐๐๐๐ ๐๐)
Hackers are everywhere in the NFT space!
They use fake websites, phishing links, and wallet drainers to steal your money.
๐๐ผ๐ ๐๐ผ ๐ฎ๐๐ผ๐ถ๐ฑ ๐๐ต๐ถ๐ โ ๏ธ : Never click on random links, double-check websites, ๐๐๐ have a separate wallet just for NFTs.
๐ธ๏ธ๐ก๐ผ๐ ๐๐ต๐ฒ๐ฐ๐ธ๐ถ๐ป๐ด ๐ฅ๐ผ๐๐ฎ๐น๐๐ถ๐ฒ๐ & ๐๐ถ๐ฑ๐ฑ๐ฒ๐ป ๐๐ฒ๐ฒ๐
Buying NFTs comes with extra fees that you might not know about.
Some projects take 5-10% royalties, and most NFT marketplaces charge high gas fees when you buy.
๐๐ผ๐ ๐๐ผ ๐ฎ๐๐ผ๐ถ๐ฑ ๐๐ต๐ถ๐ โ ๏ธ : Check the fees before buying ๐๐๐ use low-fee NFT marketplaces like Blur or OpenSea Pro.
๐ธ๏ธ๐๐ซ๐๐ง๐ฅ๐๐ฎ๐๐ฃ๐ ๐๐ค๐ง ๐๐๐๐จ
Some people buy NFTs without checking the floor price (the cheapest price in a collection).
They pay too much and lose money when prices drop.
๐๐ผ๐ ๐๐ผ ๐ฎ๐๐ผ๐ถ๐ฑ ๐๐ต๐ถ๐ โ ๏ธ : Always check the floor price on OpenSea, Blur, or Magic Eden before buying.
๐ธ๏ธ๐ฝ๐ช๐ฎ๐๐ฃ๐ ๐๐๐๐จ ๐๐๐ฉ๐๐ค๐ช๐ฉ ๐ ๐๐ก๐๐ฃ
Some people buy NFTs hoping to sell later for profit, but end up stuck with NFTs no one wants to buy.
๐๐ผ๐ ๐๐ผ ๐ฎ๐๐ผ๐ถ๐ฑ ๐๐ต๐ถ๐ โ ๏ธ : Before buying, ask yourself this question (Will I flip this, stake it, or hold it long-term?)
Also, check if it has high trading volume (higher volume = easier to sell).
Stay safe and GM ๐งก
I have been using @TrazenXYZ to keep track of Web3 jobs, bounties, and events.
Everything in one place, no unnecessary noise.
https://t.co/6j68EgBYbL ๐