Just a heads up to anyone new, I made out like a bandit as a total noob back in early 2021 when there were a limited amount of good projects, and companies getting involved like Disney NFTs were few and far between, and highly speculated upon. The takeaway from the boom and bust was that in most cases there are way too many NFTs (even “official” ones) and way too few people who actually give a s***. I sold a Doge Pound for $12,000 in ETH as a total noob. I think in most cases those days are over. When it comes to trading NFTs are a crap shoot.
Honestly, 99% of NFTs investors lose money. Even very experienced investors and VCs have consistently lost money in NFTs. What works for me is short term trading, bidding below the floor price and selling slightly above the floor price.
My advice is keep up with games/protocols and how people are using NFTs to bring valuable narratives. If you can mint something that you’re happy with holding to zero (these things are illiquid as heck, there’s either an unrealistic demand or NO demand) then you’re good. it’s a dicey road and I don’t recommend it for trading. If anything, be about the tech.
Just a heads up to anyone new, I made out like a bandit as a total noob back in early 2021 when there were a limited amount of good projects, and companies getting involved like Disney NFTs were few and far between, and highly speculated upon. The takeaway from the boom and bust was that in most cases there are way too many NFTs (even “official” ones) and way too few people who actually give a s***. I sold a Doge Pound for $12,000 in ETH as a total noob. I think in most cases those days are over. When it comes to trading NFTs are a crap shoot.
I'm a noob when it comes to NFTs. I want to get into NFTs. Any advice for me on how to get started? I pray you have the time to reply. Thanks
Honestly, 99% of NFTs investors lose money. Even very experienced investors and VCs have consistently lost money in NFTs.
What works for me is short term trading, bidding below the floor price and selling slightly above the floor price.
My advice is keep up with games/protocols and how people are using NFTs to bring valuable narratives. If you can mint something that you’re happy with holding to zero (these things are illiquid as heck, there’s either an unrealistic demand or NO demand) then you’re good. it’s a dicey road and I don’t recommend it for trading. If anything, be about the tech.
Hey interesting Thanks Dan I like your content and realistic opinions
I appreciate that!
This is giving me war flashbacks. Back in 2021, i saw Flow partnered with Disney and bought Flow at $21. Let's just say i did not quit my day job.😢
True, these big corporate partnerships only provide short term hype and long term pain. But we learn so we can be better prepared for the future!
NFT Craziness! Dan, I respect your work, can you do a vid on your top alts for the bull run please mate
Not a bad idea, it really comes down to short term trends vs long term fundamentals. New video up soon!
I actually wanted to see your hits 😂
i just got access to this but I have an android, RIP, looks like it's only for iphone users, can't even use my ipad
Same here, I have an old iPhone just to test these things out. I guess they know most of their audience are iPhone users so focusing on them for now.
is this better than FF7 trading card NFT? hehehe
I think so! The art is better and potentially tradable in the future. Still sitting on a box of those FF7 cards and the NFT claims expire this year.
What bout VeVe licensed digital collectibles from Disney and Marvel?
I remember that, it kind of disappeared slowly and quietly. Hoping that they take pins more seriously.
Damn I was following that. I remember Andre Jikh talking about it. Glad I didn’t follow 😂
38th...Thanks Dan
jopad!!
🤦♂️Wen Dapper labs hit da headlines SELL! That's peak NFT FOMO.💼 Paris Hilton & Katy Perry shilling like its superbowl HT😄
Solid tip! With the amount of NFTs that get created every year, most only get to shine once before a long drop.
Nft = no focking thanks
LOL
srsly tho, eff disney
shhh we need them to pump our other bags