⛰1/6
Here are the top X things that we learned! Share yours below 😉
⛰2/6 1- Supply & Demand rules everything! 👑 Whether in business, crypto, stocks, NFTs, the housing market, or simply swiping left or right on a dating app for a new friend🔥😜
2- Supply & Demand
-How much do we have?
-How many people want it?
-How much are they willing to pay?
⛰3/6 3- Factor for regulating price 🫰📈💸
- Too much of anything VS too few people wanting it = Price goes down ⬇️
- Too few of anything VS too many people wanting it = Price goes up ⬆️
Who remembers the Covid19 🧻 craze right at the beginning? Too much demand vs short supply!
⛰4/6
4 - Important definitions: 💡
-Price Equilibrium: The price that the consumers decide upon what an X product or service is worth.
-Price Arbitrage: exploiting the lack of price equilibrium in the market
-Liquidity: ease to enter & exit based on quantity of supply & demand
⛰5/6 5- You can't approach NFT trading the same way you do the stock market or even crypto! #NFTs are a fairly ill liquid market - supply & demand are limited.
6- If you’re trading, you NEED liquidity. Otherwise, you’re just gambling and hoping! 🍀🎲
⛰6/6 7- Why are supply and demand important? ☝️
Once you can understand it, you will:
- A - Become vastly more patient with your entries/exits
- B - Understand why things move the way they do
- C - Leverage this for your own trading benefits 📈
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👉🏾NFTs are beyond a JPEG, they: 1. Allow space for innovation to traditional markets.
2.Give social relevance to traditional artists. 3. Commemorate special events + bring unique rarity to traditional musicians.
Copyrights exists at the moment of creation, but it’s not enough to protect NFTs once they are out there in the market. 1. Is it original 2. Was it done for a company 3. Is there proof of my creation 4. Are there 3rd parties involved
3/4 Copyrights are still very bureaucratic.
Blockchain makes the process:
1.Easier
2.Cheaper
3.More transparent + accessible on a global scale🌎
You can protect your NFT project via trademarks or copyright. Companies who do so are on the rise.📈