I've seen a lot of floor concerns today. Although nothing is certain in Crypto/NFTs, here are some regular patterns that VERY frequently repeat themselves. Good to know for any newcomers...
-Money flows out of everything and into #Bitcoin when the price is pumping.
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-Money flows out of everything and into #Bitcoin when the price is pumping.
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-When Bitcoin starts to trade sideways, money flows into #Altcoins.
-When Altcoins start to pump, money flows from #NFTs into the native coin to chase the pump. For example, selling a #Solana NFT when $SOL is pumping in order to take advantage of the price appreciation.
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-When Altcoins start to pump, money flows from #NFTs into the native coin to chase the pump. For example, selling a #Solana NFT when $SOL is pumping in order to take advantage of the price appreciation.
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-When Altcoins, or for this example, $SOL slows and starts to trade sideways, money then flows out of $SOL and into Solana NFTs.
Once again, these patterns happen often in this space and they also frequently happen in this order.
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Once again, these patterns happen often in this space and they also frequently happen in this order.
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Bitcoin has been pumping, money has already started flowing into Altcoins, floor prices of NFTs have fallen a bit which is indicative of selling pressure, and in the very near future Altcoins will slow down again.
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When Altcoins slow, you'll want to be holding NFTs.
It's very difficult to sell when people are buying, or buy when others are selling, but now is a great time to be bargain shopping for projects you like that are on sale. #notfinancialadvice
It's very difficult to sell when people are buying, or buy when others are selling, but now is a great time to be bargain shopping for projects you like that are on sale. #notfinancialadvice
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