Week 27, 2022 Ingest - The C2S Nuggets
Week 27, 2022 Ingest - The C2S Nuggets
How to make 5-10x+ flipping NFTs
Here is a guide on NFT flipping for those who are just starting out. I burned myself so you won't have to. Here are several hours' worth of learning condensed into five minutes.
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Flipping whitelist mints prior to the announcement is one of the greatest, most reliable ways to generate money, however a few things to keep in mind.
Watch out for over-hyped projects, the NFT project you are minting must have the potential to be profitable. The initiative must be successful; there is no use in minting an NFT collection that lacks buzz and won't be profitable. Although it takes a lot of effort, grinding whitelists is one of the most reliable and successful strategies to benefit from NFTs.
Many of the top projects dedicate a significant amount of their mints—at least 50%—to whitelists. The most lucrative and reliable strategy is to follow the whitelist round. Of course, you can use public mint. That is risky and you can become involved in a gas battle. Supply and mint price are important factors to consider when it comes to public minting. You shouldn't mint it if there is still only about 20 to 40 percent of the supply and the secondary market price is 2 to 5 times the mint price. Also, use your allocations with caution. A project shouldn't receive more than 5–10% of your whole budget.
One approach to gaining alpha is to follow popular NFT wallets. You must, however, proceed with EXTREME CAUTION. NFT influencers frequently receive airdropped random projects. Avoid simply copying their trades. Make sure they truly minted it by using programs like Etherscan and Nansen.ai. Keep in mind that you want to sell off the collection. You'll need to forecast whether it will sell out based on the existing supply.
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If you do decide to mint, try to go for 2-3 mints so you can sell 1-2 when it moons and keep 1-2 for another pump. Projects with a lot of excitement or that seem solid are especially susceptible to this. If it explodes, you are able to hold 1 using this.
Trading is much more difficult in the secondary market. It involves far more understanding on your part, and if you're just starting out, your chances of losing money are much higher. Obtaining a whitelist, minting presales, and selling before reveal is the greatest strategy when you are just getting started.
As you increase your capital, keep an eye out for low-tier and discounted blue chips. These are reliable initiatives that have a great team and have demonstrated traction. But obtaining whitelists for these projects is getting more difficult. It's practically a full-time job. There are a few strategies to stay current without getting lost in the cacophony. Follow good Crypto/NFT people and pay attention to their updates. But you have to be really careful. Here’s a list of “crypto bros” I curated on Twitter, you can follow it for alpha. As usual, this is not an endorsement or sponsorship for these guys, always do your due diligence as you are responsible for all your decisions in the market.
Crypto Twitter is quite beneficial and if you connect with the right people, you can have an edge over others. Initially, NFT projects are all about marketing and excitement. They want large Twitter users to retweet and discuss them. Of course, don't fall for nonsense. However, if the project is legitimate, having a strong fanbase is crucial for obtaining WLs. You can gain a lot of insight into what's happening by using tools like nansen.ai, twitter hashtags, mobyinsights, and etherscan.
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