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After I got lucky and earned around 25k USD in a couple of weeks, I’ve been paying more attention to the NFT market. I read, experimented, and followed the advice from professionals in the field. Trading NFTs for a profit is called “flipping”, and those doing it are called “flippers”. I believe they play an essential role and, if you are an artist or a collector, there is nothing terrible in flipping a couple of NFTs for profit from time to time.
My goal with this edition is to teach you the fundamentals of NFT trading. Before continuing, this is not financial advice, and you should take my suggestions at your own risk. Hopefully, you can start flipping the right way and avoid severe losses while making a decent profit (some are making life-changing money). At the end of the day, it depends on how much time you are willing to spend.
The automatic royalties are the most significant breakthrough about NFTs and one of the main reasons why this space is so exciting. Besides bringing liquidity to the market, a percentage of the sale always goes back to the artist and creators. Additionally, flippers highlight unknown projects, putting them on the map.
Not all is great about flippers. Some groups are creating fake “pumps” and hype to increase volume and value. They then sell and cash out quickly. Newcomers will buy-in when it is too…
