69 min listen
115. How I’m FLIPPING for short term losses and long-term blue chips during this down bear NFT market!
115. How I’m FLIPPING for short term losses and long-term blue chips during this down bear NFT market!
ratings:
Length:
23 minutes
Released:
Mar 6, 2022
Format:
Podcast episode
Description
“Brian what should we do right now with the NFTs we hold as so many of them are in the tank and way down in this bear market?” I’ve got this question 15 times in the last couple of days and I decided to be hyper transparent on my approach and strategy… In short: Low floor NFTs ignore aka HODL for 30 days then revise High value (potential blue chips) monitor but don’t make any drastic decisions Mid NFTs that had some big spikes but didn’t hold I’m dumping for liquidity Take a short loss of 1 ETH to jump into a project I believe has a 10 ETH growth potential over the next 6 months. Mental Health and ENERGY CHECK Focus on variables I can control Review my definition of success and goals with past nft projects Go back to projects I missed out in or felt were outside my price range in the past and see if they are still as valuable as I thought back then Look at the bear market as a chance to stack eth even if its at a loss in the short term on the projects you’re selling to jump back into a project you have long-term faith in that has dropped with the market. With our ADHD coin, this was a GAME-CHANGING decision we made this past fall. My goal in August was to get ADHD coin to $10 coin by Dec 31st Coins on Rally.IO are impacted by 3 touchpoints: Price of $ETH, Price of $RLY and Holders/Coins in the circulation of ADHD. So realizing that I can’t control ETH or RLY but I do have more control on getting more people to sign-up and hold $ADHD coin it was silly to have my goal of $10 coin. I switched my goal to having what at the time would have equaled a $10 coin in $RLY to ADHD coin ratio. So the goal was 20 $RLY to 1 $ADHD coin by December 31st and to my surprise, we hit 28 $RLY to 1 ADHD before the end of the year and I believe that has everything to do with this shift to what I was measuring and believing was a success. So this is in regards to NFTs right now after listening to over 300 NFTs on Opensea & LooksRare over the last 3 weeks and not selling many of them at all I’ve changed my approach. The plan is to stack some ETH by selling many of my middle ground multiple hold NFTs to jump int o1 or multiple projects that I love and my list of the 5 I have my eyes on right now are: DeadFellaz Lazy Lions Alien Frens World of Women MFers In full transparency, I tested this approach last week and was super excited to be able to sell for some short-term losses to stack enough eth to get another Crypto Chick. Remember to take a deep breath and remember to manage your mental health and your energy as we ride this bear market looking forward to soon all-time highs again. NOT financial ADVICE! Couple NFT 365 Podcast episodes are mentioned on the podcast: Buying the NFT dip: https://www.nft365podcast.com/74-in-crypto-they-say-buy-the-dip-but-when-should-you-buy-nfts/ 3x3x3 NFT Strategy: https://www.nft365podcast.com/episode-92-3x3x3-nft-strategy-liquidity-security-and-mental-health/
Released:
Mar 6, 2022
Format:
Podcast episode
Titles in the series (100)
2. WTF are NFTs aka Non Fungible Tokens: How to explain to your friends what NFTs are and why they have value.. by NFT 365 Podcast with Fanzo