Just filmed me real-time reacting to my wallet sales history😂
All my nft trades since I started
-The stupid stuff I bought
-And mistakes I made
-But also see where I start making good profits
Will be on my channel in <6hours
Meme winners next vid
Oh & drop ur wallet below😉
..actions you can take in the space
I've also been lucky enough to be part of groups like @HideoutNFT @ZenAcademy_ @The333Club@CaviarDAO & Necros Beach House which is exactly the kind of group I'm talking about
In tomorrows post I'll be talking specifically about one of these
But the lesson here is find a group that is just a bunch of friends genuinely trying to help each other win
And if you can't find one last resort is to buy an alpha pass from opensea.. theres plenty out there!
This has been thread 1 of 6...
PLEASE pay it forward and...
...share this in discord or by taggin a mate
I'm working to help as many people in this space 100% free
As I genuinely feel like thats the only way we can continue to wagmi without an influx of influencer courses/tai lopez scammers taking over
See you tomorrow for part 2!
That although you can make decent profits buying undervalued projects from Opensea. This is FAR too risky when your small bankroll only allows you to make 1-3 plays at a time.
You also have to realise that by the time we hear about a project "pumping" on secondary... the people
Usually when we see sales FLYING on a particular project our primate brain kicks in telling us
"Quick if I don't buy in now the price could be 10x by tomorrow"
The FOMO is real
Especially when everyone on discord/twitter seem to be talking about it!
What you need to realise is
200days ago I had a tiny bankroll & the last 2 NFTs i bought had flopped
Then my life changed forever.. I joined @ZenAcademy_
@Zeneca_33 opened my 👀 to a new way of looking/investing into projects
I quickly learnt there was 4 keys to profiting with a small budget..
🧵👇
that have minted that very project are already 2x, 5x or even 10x up on their investment!
And likely looking to sell their NFT to take profits.
This is the time to step back and breathe and ask yourself if you are comfortable being someone elses exit liquidity SOLELY for the...
..off-chance this project continues to pump another 2x from here?
Or you can chose not to play this game for now.
And focus on being the minter instead 😉 (see rule #4)
--
Rule #3 of Making big profits with a small budget
= Know when to cut your losses!
There's a common..
saying in the NFT space & that is
"99% of projects are going to zero!"
This basically means that out of the hundreds of new projects that are launched each week... only 1% of them will hold any value 1-2 years from now.
This might be a hard pill to swallow for you but if you..
look at your wallet now..
And say you have 10 different NFTs in there.
It's highly likely that 9 of those NFTs you wont be able to sell for $1 a year from now if you want to.
CRAZY!
But that's the truth.
So NFA but if you have an NFT that is already down bad... sure it might
go back up next bull run...
But there's also a high chance it never reaches the price you bought it for.
And if you're struggling with liquidity and struggling to afford easy wins & mints..
It might be beneficial to cut your losses and sell 1 or 2 for a loss in order to...
bring your wallet back to a healthy amount that gets you back in the game.
But what would I know! I'm not a financial advisor & none of this thread is financial advice!
Anyway let's move onto Rule #4 the final and most important rule for making big profits with a small budget
Rule #4 = Homerun Mints Only!
Okay so now we have banned ourselves from FOMO, we’re not buying secondary.. and you have at least 0.1 or 0.2 to work with
That leaves us with only 1 real option of making profits
MINTING!