The Cryptocurrency Trading Journal

Daal said:
Yes. I only have done well in one bet, the toadenza which I still hold. Cryptoadz matched the Yeastydough framework because it was a breakthrough project, the first public domain characters to go viral. Public domain means the entire world can promote the characters but only the NFT holders accrue profits. I even mentioned to Yeasty and he bought a bunch at 1 ETH, but the rest of my nfts I'm still waiting for a payoff.

But the neat thing is that NFTs are so niche and I'm already up more on that toadz than the entire value of all the other nfts i own by a lot. But for the first month it was difficult, all I was doing was watching people make a lot of money and wonder why my stuff wasn't rallying. Thats why sticking with breakthroughs is so important, they rally a lot more and they are super scarce because they are the first and contributed a lot to the space, so they have a historical monopoly. Plus, I can only invest so much ETH. I guess the non-breakthroughs can be flipped and some people do pretty well with that (pranksy), but it seems that I'm always late for great mints. I still make some boneheaded mistakes but they are usually pretty small. Here are some follows on this space for people wanting to learn

https://twitter.com/izebel_eth
https://twitter.com/DeezeFi
https://twitter.com/garyvee
https://twitter.com/LeonidasNFT
https://twitter.com/punk6529
https://twitter.com/iamDCinvestor
https://twitter.com/krybharat
https://twitter.com/SfTappy
https://twitter.com/DoughYeasty

But I disagree with some of the skeptics that say that because you go to do bottom-up research, its a pass. Startup investing was restricted from retail all our lifes, now we get the chance of invest in the next monalisa/mickey mouse and the right decision is to close our eyes? I say get involved, if im right a lot of the top stuff that meets the framework is going to do very well anyway (punks, apes, toadz, wow, fidenzas, xcopy, curio, doge nft). Its like investing in facebook after it already started to get traction, yes you are paying up vs the angel investors but you will do pretty well. Heck, even those that bot the IPO did well
Its a funny thing but I'm starting to consider that buying after it gets expensive, its when its actually cheap, because the chance of failure has gone down while the potential is still exponential

Lots of pump and dumps and even the above influencers will do funny things from time to time, so one has to have discipline and be very selective. ETH is very valuable and one mistake I made was buying too many cheap things early on. Now I try to stick with more premium stuff or mints of stuff that I think its groundbreaking. Most days I dont buy anything but just learn from old timers from this space
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A tool like nansen (pricey) or moby (great value) helps alot to see what is actively minting and what the whale wallets are doing during the run-up to reveal. Moby is great in that they pull directly from their ETH node and not through OS api. Context dot app to visually see whether those whale wallets are being airdropped or they are actually minting. NFTbank dot ai to see whether they are a hodler or flipper and how well they've done.
 
Daal said:
One thing that I'm learning about art/collectibles is that cheap things are a trap. Buy quality, more expensive quality stuff tend to do much better than cheap stuff. Cheap stuff is cheap because its not that great and wont do great in terms of returns or enjoyment of ownership. High quality assets are expensive, and they are the ones that tends to do well long-term.
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Thus why the demand for scarce ETH blockspace - the pro side of high gas works as a filter for low-tier supply.

Here's a high-tier art list;

https://cryptoart.io/artists

I'm a big fan of Pak.
 
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https://fortune.com/nfty-50/2021/nicole-buffett/

rofl. Green names are verified punk owners on punk discord. Buffett money going to real investments
The problem with Buffett is not that he is not smart, its the he is old. He is too rich and is no longer hungry. If he was young and active, he would be killing it in crypto. These days he is probably more worried about his knee pain than to stay updated with markets
 
Dont believe the FUD. Both ETH and BTC are very likely to make new ATH's this year. ETH driven by NFTs and BTC by ...., well nothing, but its old so it will always participate
 
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