The NFT space moves so fast, it’s difficult to keep up
I got sucked into the grind for WL spots to mint. Moby.gg is a great alternative to Nansen. It was at the same time I put some public addies into nftbank.ai
Some well-known large flippers accounts were impressive but not nearly as much as those that acquired and never sold. It was orders of magnitude difference.
Another great little tool is context.app to stay atop of wallets I follow.
If you went hard into DeFi; fees.wtf
-has definitely shifted my focus to understanding L2’s and alternative L1’s.
Thanks! Interesting times in our lives being in cryptos
I only have a small allocation to NFT's, I've purchased 6 NFT's and only Bears Deluxe and hackatao have significant profits, with the latter being questionable since it's not a like for like valuation (Eth to USD on NiftyGateway vs Eth to Eth on OS)
I'm too lazy for the WL process so kind of stayed away
Re: flippers, my biggest gripe on NFT's is the lack of liquidity and there is a
period of time when liquidity is good
An example is needed to illustrate the point
With coins and tokens, liquidity is always there 24/7. Cake price action has been trending down for many months, so traded for Boo, which got hit when btc/cryptos crashed, traded for FTM, which was holding up ok, but finally decided to focus more on Eth. Finally lol. Stacking Eth now whenever I get a chance
But, back to the point, coins and tokens trade 24/7 full liquidity all the time and my trades usually happen late at night due to life stuff during the day
NFT liquidity is what I would call sporadic, in my experience
Bears Deluxe NFT's are the ones saving my NFT risk investment and I hold 11 of them with a couple being rares
When it first pumped a few months ago from less than an Eth price floor to over 4 Eth and other NFT's are also going up, the NFT was in bull market, I could have traded my 11 BD's for ~50 Eth, liquidity was good and the 2 rares were being sought after
NFT bull market went into slump. Bears Deluxe has a lot of stuff in the roadmap, but those things take time
First is $HoneyD tokens release as the ecosystem lifeblood, then Bees Deluxe NFT's then HIves Deluxe NFT's
All to get to the crypto gaming play2earn (or rather focus will be on play and earn, devs have indicated a distaste of the "exploitation" angle of p2e and it being more of a work rather than hobby/play), Metaverse on Sand (land has been purchased for BD) and other MV via BD Voxel release, and partnerships with other projects in cryptos and real world
Yes, big shill above, but those things take time and Bears Deluxe price floor went from above 4 Eth to about 1.2 Eth a month ago
Elapse of time is the biggest enemy of NFT liquidity
$HoneyD was released a couple of weeks ago, this is an awesome milestone as it has a Sushiswap liquidity pool, similar with CyberKongz genesis that earns $Bananas
A "passive income" concept, but if thinking of the Bears Deluxe ecosystem, it will be used as currency in the pNe crypto gaming and also in the Metaverses
Liquidity was back on the menu. Price floor shot up to over 3 Eth (both on the old OS contract and the new erc-721 smart contract)
Well, there goes time again and the cryptos market doldrums and NFT market as a whole is sideways. Price floor on Bears Deluxe New (migrated in order to collect accumulated $HoneyD) is down to 2 Eth now and not much volume versus during the $HoneyD release day, price floor kept getting swept
A lot of stuff, but I'm trying to convey that "smart" flippers understand the timing and liquidity surges in NFT's
I traded a Bear for Eth a few days ago as well as most of the $HoneyD, and in hindsight was correct move and should have traded more Bears, but it was more of a "stacking Eth" move rather than trying to time NFT liquidity
Sometimes it's better to sell and and if you believe in the project long term, try to get back in
