Here's how I turned $3,500 into millions buying and selling digital art
- Thread starter johnarb
- Start date
As much as I'm not a fan of NFTs, you could just stay clear of the Crypo Assets forum. I imagine you will have a longer life this way.
One of the 7 sins is envy.
You see you are wrong. Seemingly legit discussions legitimize this idiocy. So someone comes here, reads about it and hey, they are discussing it as a legit investment, so why shouldn't I invest in it? (not everybody is as smart as getting the points)
Also there is a reason for not allowing pennystock talks. So noone can pump and dump here them. Interestingly, if you are pushing your owned NFT or crypto you are doing the same as a pennystock pumper.
If you have a valid argument against this, I am listening... But crying about why I am here and making sense, that is just sour logic.
The other is GREED. What is your point?
You are mentioning this because you envy my facts or logic?
Why don't you guys lobby Barron so he would make this a safe place for you?
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There are VC's playing in the NFT space. Don't take my word for it, dyor. It means there's a lot of dumb $$$ pouring into the NFT space
Flipping NFT's is a big grind and lots of work. The article in the OP clearly states that.
Flipping NFT's is very difficult now compared to last year. Very competitive and very risky
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A big NFT event is happening this Saturday 4/30/2022 and there are opportunities to make lots of $$$ and also to lose lots of $$$
Some people are taking out loans. Not me, I get the NFT as airdrop for holding a $400K+ Bored Ape
Instead of complaining, and being salty how about you participate and take risks??
Show these VC funds what kind of elite traders you are and frontrun these bitches to big profits $$$
https://twitter.com/search?q=#otherside&src=typed_query
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Flipping NFT's is a big grind and lots of work. The article in the OP clearly states that.
Flipping NFT's is very difficult now compared to last year. Very competitive and very risky
----------------------------
A big NFT event is happening this Saturday 4/30/2022 and there are opportunities to make lots of $$$ and also to lose lots of $$$
Some people are taking out loans. Not me, I get the NFT as airdrop for holding a $400K+ Bored Ape
Instead of complaining, and being salty how about you participate and take risks??
Show these VC funds what kind of elite traders you are and frontrun these bitches to big profits $$$
https://twitter.com/search?q=#otherside&src=typed_query
----------------------------------
Prolly nothing...
https://www.businessinsider.com/how-i-made-millions-trading-nfts-2022-4
I'm the NFT influencer behind the handle 'NFTsAnonymous.' Here's how I turned $3,500 into millions buying and selling digital art.
Alex Lockie
16 hours ago
Tyler Stockfield
This as-told-to essay is based on a conversation with Tyler Stockfield (he/him), 28, an NFT trader and influencer best known by his Twitter handle @NFTsAnonymous. Stockfield explains his NFT hustle, and breaks down his meteoric rise, his investing philosophies, and the dangers of the largely unregulated $40 billion space. It has been edited and condensed for clarity. These transactions have been verified by Insider.
- Tyler Stockfield (he/him), 28, an NFT trader and influencer best known by his Twitter handle @NFTsAnonymous.
- After a career as a used car salesmen Stockfield has made a killing buying and selling some of the most famous NFTs.
- This as-told-to essay is based on a conversation with Tyler Stockfield by Alex Lockie.
I got hooked on nonfungible tokens in January 2021 after my NBA Top Shots NFTs, the league's official digital trading cards, went from $3,000 to $30,000 almost overnight. My friends and family begged me to take profits. I became a true believer and spent most of my time scouring Discord servers for promising new projects and meeting other NFT traders and Web3 mentors who would change my life.
Before NFTs I had lost almost all direction in my career. I was a decently successful used-car salesperson, but the soulless work was burning me out. As an immunocompromised person, when COVID-19 started making headlines, I took the opportunity to quit my sales job and try to find my purpose. After failing badly at retail trading on Robinhood during the GameStop-AMC craze, I finally found NFTs with Top Shots.
Ever the sports fan, I immediately invested my Top Shots windfall into a Zed Run NFT virtual racehorse, which ended up winning some races. I was also one of the earliest collectors of the iconic Bored Ape Yacht Club NFTs. I could tell there was a special energy around them. I moved on one of rarest apes for $3,000, which was about 12 times the original mint price. I sold it a month later for $165,000 — shattering the previous Bored Ape Yacht Club sale record and sparking a bull run on the collection.
Here's how I spend my days trading NFTs
Since having my success with NFTs, I don't participate as regularly on the Discord channels. I also don't tend to seek out "white lists," or priority access to certain NFT collections that help people avoid the high "gas" fees of transacting on the ethereum network. White-list projects expect people to spend dozens of hours hyping projects in chats or volunteering labor for the right to buy into the community. But I do start every day at 10 a.m. and can trade well past 4 a.m. at night.
At this point, I don't trade every day. When I do, I'll spend $9,000 to $15,000 in a day. Some days, I'll easily spend over $40,000 and not think twice. If I sense an opportunity, I'll go for it.
With my high-profile portfolio, I'm a constant target for scams
On Christmas Eve, I excitedly threw $100,000 into what looked like a new coin offering from the popular crypto wallet MetaMask. It turned out to be a scam that hackers had set up to look like a legit venture, and my money was among about $1.8 million lost.
At one point, I got so jaded with the huge sums of money that I gave away a CryptoPunk and a Bored Ape, each worth about $400,000, while promoting my own project, which has yet to succeed.
This is my best advice for new traders
All in all, I have more than 1,000 NFTs, which are worth more than $1 million. I approach NFT trading like a hedge fund and sprinkle the seeds into 10 or 20 projects and hope five grow into giant trees.
My best advice for new NFT traders is don't trade above your means. Web3 is exciting, but remember to balance your physical, financial, and mental health because 80% of you won't make it trading if you don't have tons of liquidity to play with. Think beyond trading, figure out what you're passionate about and don't mind doing every day, and contribute that to the space. Look for projects that do the same and prioritize real community over spamming Discord and Twitter.
What gives me the most satisfaction for my money, fiat or crypto, is putting it back into the space. Web3 needs investors. It needs consumers, marketers, creators, but it also needs visionaries — people who can speak to the theoretical side, who can identify sociological occurrences and figure out what value we can derive from them. After all I've been through, it's imperative to me that everyone has an opportunity in Web3 so that everyone can have a voice to empower themselves and the chance to change their lives like I did.
I don't know if this is him, looks like a match from what he described in the article. Can anyone verify his public address?
https://nftbank.ai/portfolio/NFTsAnonymous
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The difference between fashionable collectibles vs innovative art. One is for short term speculation the other has long term durable value. There is some overlap which taps into generative art. One domain cares about innovation, provenance and the march of art history, the other not as much.
So where the collectibles tap into sky high valuations this has much to do with memberships, access to exclusive "alpha" and playing a classic in/out hexing game - "if you are part of the club you are gonna make it, if you're not, then you are not gonna make it"
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You have a point. In some ways, NFTs can be thought of as penny stocks that are looking for a pump before the dump. But as others are saying, high value collectibles would be a gray area, and I think we all agree that the art world with regards to paintings and other artifacts can be just as speculative.You see you are wrong. Seemingly legit discussions legitimize this idiocy. So someone comes here, reads about it and hey, they are discussing it as a legit investment, so why shouldn't I invest in it? (not everybody is as smart as getting the points)
Also there is a reason for not allowing pennystock talks. So noone can pump and dump here them. Interestingly, if you are pushing your owned NFT or crypto you are doing the same as a pennystock pumper.
If you have a valid argument against this, I am listening... But crying about why I am here and making sense, that is just sour logic.
But just as a penny stock or Enron stock might not be representative of the entire market, NFTs are not representative of the crypto market.
The thing with penny stocks though is that the pump is usually because of some promised future performance that never materializes. With NFTs, there is no future cash flow or promised productivity. Its only promised future higher value. And this is exactly what art is based on. The Picasso painting will never produce anything or pay a dividend, but you wouldn't think of it as a penny stock. So I think most people going into NFTs realize they are only buying it hoping for price appreciation. And in fact, some NFTs might in the future even give you special perks for being an owner. I'm not saying I agree with it all, but for those who see the value, why stop them?
1. NFTs are neither.
2. You are saying Justin Bieber didn't think of paying 1.3 MM for a cartoon figure as an investment? He just likes to overpay for everything?
Don't kid yourself, both NFTs and cryptos in general are mostly owned because of the future belief that they can pass it to an even bigger idiot for a profit, and for a pretty hefty one at that.
Just because it is not stated in any white paper, it is still true. And they are not even shy about it, when they predict 100K or 3MM BTC. Sure, it is not a promise, it is just a prediction.
Just watch the current interview with the owner of CFX, who when explaining high yield crypto investments, he accidentally describes ponzis. Would be pretty funny if it wasn't sad.