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NFT makes money without a liver? Listen to the operation ideas of players with 250 times income

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There is no whitelist, no bots, and no alpha internal groups, but I still make a profit in the NFT space through my own strategy, turning 0.6 ETH into 150 ETH.

Original author: Cirrus, NFT player

Original compilation: 0x137

This article is based on the views of NFT player Cirrus on his personal social media platform, which is compiled and translated by BlockBeats as follows:

No whitelist, no bots, and no alpha internal groups, but I'm still monetizing the NFT space with my strategy, turning 0.6 ETH into 150 ETH. Now, I share all of these strategies with you.

1. Choose a solid project

When I first entered Crypto, I always jumped back and forth between various projects blindly, as long as there is a handover error, it will bring huge Loss. It wasn't until I started focusing on a solid project called Lazy Lions that the whole game changed for me...

At that time, the floor price of Lazy Lions was 2.5 times higher than when I first came into contact with it in August. I mention this to tell you that you don't need Relying on your own project to really skyrocket to achieve profitability (although there is no harm in this), but only requires the project to have a stable transaction volume.

2. Study traits and rarity carefully

This part takes a lot of time and isn't easy to master, but it's by far the most important part of my strategy. Combining the "Listings" and "Sales" pages on OpenSea with sites like Rarity.tools will help you a lot.

I realize that a lot of people don't even know that the Listings page exists, so click on Event Type and select Listings and Sales. Here, you can view the actions of buyers and sellers in real time. This page is your textbook, and you need to keep learning it.

I have been learning Mutant trading for a month the situation Only then did I have enough confidence to make the first buy that I thought was a good deal. Once you understand the market well enough to spot good deals immediately, you can start sniping or bidding.

3. Make a purchase

My experience at the beginning was that if I thought there was greater than a 75% chance that I could sell on the same day and make a profit, then I would buy. This is an extremely conservative strategy, but one that works well for investors with small capitals, as costs can be recouped quickly and compounded.

There are two main ways to make a purchase, one is to buy directly from the "Listing" page, and the other is to bid with wETH. But what a lot of people don’t know, if you have 1 wETH in your account, you can actually bid as many 1 wETH as you want. Until one of the bids is accepted, the remaining bids will automatically expire.

4. Immediately look for opportunities to sell

As soon as the wETH bid is accepted, I will immediately price it and sell it as soon as possible, quickly realize compound income, and be ready to snipe the next transaction.

After I was able to afford multiple Lazy Lions at the same time, I realized that as long as I could maintain enough liquidity to snipe an additional 1 or 2 Lazy Lions, I You can raise my selling price a bit, the trick is to find a balance between your selling price and liquidity.

Whenever someone asks me: "What price should I price?", my answer is always: "When do you need to sell?" In NFT In a market where you can either sell quickly for a low price or sell for fair market value, you usually can't do both at the same time. Over time, you need to mix the two.

5. Liquidity is king

"All-In" is almost always the wrong choice, as long as the floor price drops a little, it may cause huge harm to you in the short term. On top of that, you won’t have any ETH available to buy cheap NFTs from panicked sellers.

Now, whenever I see the floor drop, I get excited because I always have enough liquidity to complete a few purchases. Practical experience tells us that for reliable projects, the FUD period is your best buying opportunity.

6. Establish reputation in project Discord

Discord of general projects will have a "Market Channel", you need to post and interact here every day, people in the community will know who you are, and Trust to do private transactions with you, which can save you a ton of Open Sea fees.

One of the biggest benefits to me of having a good reputation in the community is that people trust me to do private transactions with me and are willing to send the NFT first. I almost exclusively do private transactions now, which saves me a 6.5% fee.

If you don't have reputation yet, there are sites like Nfttrader.io that offer escrow services for private trades, and for NFTs worth more than 2 ETH, I would It is more recommended to use their services.