The Cryptocurrency Trading Journal

johnarb said:
NFT post

Bittersweet, sold one of my 5 NFT's and recovered all of my $ invested in NFT's plus a little profit, but having seller's remorse

NFT "crashed" a couple of months and all the price floors on my 5 NFT's were so low to the point that I lost all unrealized profits. NFT's are not liquid that the bid prices are ridiculously low

I put one of my NFT's for sale at a high price and only check the market place once a week

NFT's started mooning again a few weeks ago but I did not remove my NFT listing and sure enough it sold 2 days ago

I still have 4 other NFT's

Just my input on the state of the NFT market place
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This years DeFi = HOT POTATO
 
I am sure that NFTs are here to stay for a long time. Recently, NFT marketplace OpenSea saw a massive increase in its volume. Looks like a great sign for anyone holding one of the NFTs.
 
He is selling his NFT at 0.09 ETH according to the book buying rules, that's pretty darn cheap given that Vee Friends have a 9.7 ETH floor price. I bet this second NFT will trade initially at 0.2 and then rise from there. It wont be as big as vee friends but it will be something, and that something I dont think will be 0.09 ETH. That's too low
 
johnarb said:
So jealous of these guys making a killing. I have about $15K m2m profits using price floor of my NFT's with no capital at risk, peanuts compared to this guy below

https://twitter.com/x/status/1431259352875294730
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Thats not that much, if you look at the NFT leaderboards, pranksy leads with 2,500 ETH profit. And she/he is a profit taker. There folks that arent taking profits are up more. So many are up dozens of millions in punks, apes and fidenzas but they never take much profit so they dont make it to the leaderboards
 
Daal said:
Thats not that much, if you look at the NFT leaderboards, pranksy leads with 2,500 ETH profit. And she/he is a profit taker. There folks that arent taking profits are up more. So many are up dozens of millions in punks, apes and fidenzas but they never take much profit so they dont make it to the leaderboards
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Wow!!!!
 
Daal said:
I think this is a huge opportunity and I'm buying tons of books for the airdrop
https://www.garyvaynerchuk.com/get-ready-for-my-best-book-yet-and-an-exciting-announcement/

Gary is the real deal and I have been making money off his stuff. I missed Vee Friends but I'm not missing this airdrop. Its one of the cheapest mints of NFTs out there given all that crap that is out
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Gary's book already in the No1 best seller list
https://www.amazon.com/gp/bestsellers/books/ref=pd_zg_ts_books

The guy is a marketing genius and now he is using NFTs to leverage that. I worry about too much of a supply in the NFT but this could be the biggest book launch of all-time so perhaps this is already a historical NFT. But I also think the list of benefits will include other things, I wonder if he doesnt already has a deal with a company and the NFT is part of that


I also suspect this NFT could be an entry pass to a lot of other things he will offer in the future
 
That said, I wouldnt buy this. I much rather wait for a big shakeout or a crypto bear market. Crypto is super volatile and punks are like the "ultimate discretionary expense" (I read that in a book about art collecting and I think it applies even more to punks). So its super cyclical. During a crypto winter, people will be giving these away to raise cash
 
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