Matty Profile picture
7 Sep, 11 tweets, 2 min read
A short thread on how to win at NFT investing.

👇
1/ Be open minded.

Try new things, it’s fun and expands the mind.

You also stumble upon way more opportunities and ways to get involved.
2/ Spend money.

Getting free stuff is cool, but you make real money when you spend real money.

Maybe it’s just my experience.

But utilise wealth to build more wealth. It’s more scalable.
3/ Take that extra 5-10 mins to jump into discord’s.

You get a better feel for the project.

- Is the announcement channel active?

- Are new ppl regularly entering?

- Is it just a bunch of moon boys/girls?
4/ Time efficiency

Don’t waste time on daily clutter.

Debates, drama, discussion with no purpose.

That extra 1-2 hours can do you plenty experimenting, learning and getting involved.
5/ Data

3-4 years later we have plenty of data to look at and help guide our decisions.

- Are you buying at peak?

- Does the project get consistent buyers?

- Which platforms are new to experiment on?
6/ Get a broad range of info.

Don’t just follow one influencer like gospel.

They are just a dot in this massive industry. Get multiple takes, multiple sources, multiple niches.
7/ Experience.

Just keep going. As long as you implement and move forward you learn.

Which eventually leads to better decisions, more frequent pay days.
8/ Double down on what works.

Do you flip? Long term invest? Found a killer project?

If you find a strategy that works, perfect it, you can do extremely well with just one strat.
9/ Investing isn’t like employment.

Some months you make nothing, others you make bankkk

If your first month brings you no results, relax you’re doing fine.

When it clicks, you’ll find fruitful investments.
10/ Have fun.

Life’s too short.

If you find yourself in a space where you’re having fun, chances are others are too.

Signs of longevity.

• • •

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More from @DCLBlogger

12 Sep
Why do people spend Millions on NFTs when you can just download the JPEG?

$6M for a punk instead of a beautiful house?

Is it Money Laundering?

Is it legit?

1/ Let’s explore 👇
2/ This industry kind of jokes about “buying JPEGs”, when of course there’s more going on here.

To understand NFTs you must understand the basics of blockchain, (The tech behind Bitcoin).
3/ What does it mean to own 1 Bitcoin?

It means the blockchain, (an open ledger - record keeping system), has denoted that your digital wallet has '1' Bitcoin token.

Like the below wallet,
Read 21 tweets
11 Sep
Terming everything in this space an “NFT” is inaccurate.

NFT = each item has a unique ID, indivisible, etc. (Non Fungible).

The below have FUNGIBLE characteristics.

Enjin items,
The sandbox items,
Twitters release,
Rare Pepe’s,
Curio Cards,
Metakey,
80%+ Rarible art,

1/
2/ for example these Twitter tokens have the same ID, (3), and are the erc-1155 standard which allows you to batch them.

Does this all matter? If you’re looking for something 1/1 unique, yes.

Twitter themselves refer to them as NFTs and the cheapest is $100k+ ImageImage
3/ Thought I’d write this because I/we see the term NFTs used for everything.

When in the future that might change.

“Semi-Fungible Token?” (SFT)?“Cryptocollectible?”
“Cryptoart?”
“Smart-collectible?”

Or just NFTs for simplicity’s sake?
Read 5 tweets
2 Sep
8 reasons why the NFT industry behaves completely different to the real world.

You cannot analyse it the same way - there are different dynamics at play here.

Thread 1/👇
2/ Currency.

The currency of the real world is fiat. Deflationary, representative of the local economy, supply-demand controlled but the government.

Here it’s ETH, BTC, SOL, etc

Fixed supply, Community gets wealthy which gives them enormous spending power.
3/ Wealth.

Tied to the above.

People in the real world have made their wealth through long hours, weeks, years making an income.

Here, people have made it with strategic investments, lately trading NFTs from $100s to Millions $.

Who’s a more liberal spender demographic?
Read 10 tweets
31 Aug
What holds an #NFT Investment value long term?

2-5 years from now which will stay relevant?

Here's 5 factors that matter imo*

Thread 1/ 👇
2/ User base/Community growth.

Axie Infinity is the perfect example.

As the user/player base went from 10k+ to 1M+ their supply capped NFTs, (Origin Axies, land, land items, etc), have gone up immensely.

Applies to other games, virtual worlds, etc.
3/ Artist Growth.

Buying an NFT from an Artist, you're forever tying yourself to their growth.

They do collabs, exhibitions, sell art for Millions, etc, that ALL effects your investment, (Art piece).

Quite a fulfilling way to invest.
Read 7 tweets
22 Aug
Noticing a lot of traditional crypto traders/investors getting into NFTs.

There’s many similarities between NFT marketplaces and Crypto exchange/economies.

Floors, tops, walls, volume, liquidity,

1/ Thread 👇
2/ Crypto investors are familiar with these terms over the last several years.

Indicating when to enter/exit positions.

Now, I’m not a big TA guy, but I do use some.

PS This Tweet is NOT Art related - that’s a diff beast.
3/ Thin floors: Below is one of the first ever NFT releases on @niftygateway from Cris Cyborg.

If the cheapest 8 are bought, the floor price goes up over 600%.

This is how we see CRAZY NFT prices.

Low supply, thin floor, demand comes in -> People make $.
Read 22 tweets
11 Aug
10 examples of people in the NFT space spending $100s but making $1,000’s.

Think this is a space just for the rich?

Nope. It’s for the hustlers.

1/
2/ The NFT space seems very noisy at times.

Which is why certain projects are expensive to participate in.

High demand, low supply = high prices.

The work around? Find quiet places with promising upside.
3/ Early @niftygateway art.

Some early open editions and art were pretty affordable.

Like @grimemonday first drop where 415 were minted at $40 each. A total of $16.5k.

Now? Minimum $10k for a piece!
Read 18 tweets

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