Ha, your enthusiasm is going to make me get more NFTs. I wonder if I should just allocate capital over time into a new project that manages to get off the ground into single digit ETH range every few months. It's a weird spot because I can't just max out my allocation all at once like for long coin because the space is continually being developed.
The Cryptocurrency Trading Journal
- Thread starter Daal
- Start date
Yeah I don't know. My expertise is in figuring out the protocol layer and seeing which is better/has more potential. I keep my eye on NFTs but I'd be wary of saying the last few months could be extrapolated into a secular trend.
NFTs are a growth market that is going up sure, but what is the slope?
Last edited:
The lion share of my capital tends to go for stuff like this
And smaller allocations to more speculative things, and some new projects
99.5%+ of people on ET cant even comprehend how much value I have given out by this post but this is for the 0.5% that will. I only ask for one thing back, if you make lots of money from crypto/NFTs, give back to those that need it. Dont become a rich asshole hoarding everything for yourself
Which NFT projects do you recommend getting into that won't break the bank? Way too many out there for me to know which are worth it
@Daal I read the link to yeasty's post and my takeaway is that its like a bottom up approach. You still got to pick the stock(NFT project) if you will correctly.
Some heuristics are great eg. is it a breakout project(kitties, punks etc) but I'm not sure if at this stage it will produce enough winners to offset the eventual losers. Eg. finding the next AMZN vs Netscape in NFTs and its now 1998.
My inclination is wait until NFTs are further up the growth curve think 2005 web 2.0 companies, and then seeing how the environment is.
Some heuristics are great eg. is it a breakout project(kitties, punks etc) but I'm not sure if at this stage it will produce enough winners to offset the eventual losers. Eg. finding the next AMZN vs Netscape in NFTs and its now 1998.
My inclination is wait until NFTs are further up the growth curve think 2005 web 2.0 companies, and then seeing how the environment is.
pfp and art NFT's are great, if you have the skill of an art connoisseur
Bored Ape Yacht Clubs, Pudgy Penguins, Crypto punks are great, Citibank, Stephen Curry, Snoop Dogg are all using them as profile pics
Lately, though, utility NFT's are more sustainable value creator
Cyber Kongz Genesis, each one getting 10 Banana tokens every day , each banana is over $80
https://www.coingecko.com/en/coins/banana
A Genesis Kongz can burn 600 bananas generate a baby Kong, each is worth $50K and a Voxel Kong
A VX kong can be used in metaverse such as Sand and Decentraland
NFT utiltiy, assets in metaverses Utility provides value in the ecosystem. More sustainable price pumps
Google:
OpenSea Cool Cats (milk tokens)
OpenSea Supducks
OpenSea Bears Deluxe
OpenSea Anonymice
Watch EllioTrades on youtubue
Alpha leak on NFT's
Wow, 180 Eth???!!! I think it's going to keep going up for toadenza's easily a million $ NFT asset, imho
Big congrats!!!
BTC about to break ATH, so is Ether. I was right, all the bears were wrong. And the on-chain fud gurus lead their followers to slippage, taxes, anxiety and more. Buy fear, sell hysteria, and this is not hysteria, its actually one of the most sustainable moves I have seen in crypto. Tons of pullbacks and fud, its actually akin to watching paint dry. Wake me up when things double in a month