How does the 10x a day NFT market make and lose money?

See a group of friends said that he liver 600 NFT whitelist day and night, 90% of the results are broken!Discord, telex, tweet and like. I worked so hard to get the whitelist of all the projects, but there were so many that I spent 0.1 ETH on a new discord NFT, and all of a sudden the price dropped to 0.01 ETH.Most people liver less than 600 whitelist, not so much time and energy to compete for the whitelist, if randomly selected to buy a few dozen NFT, a large probability is to buy that return to zero or quilt cover.Although NFT has myths every day, they all belong to others. Some of them are required by the publicity of the project side. Only by creating typical and rich myths can people follow and enter the NFT continuously.The whole NFT market, trying to catch a wave in a short time, is very difficult.Some net friend’s NFT play NFT is how to make money?Currently NFT is more about digital collections and hype value than concrete applications.The value of collectibles is more subjective, some people buy value, no one buy no value.For example, this BAYC boring ape #7089 NFT just sold for 86ETH, but 16 days ago it sold for 110 ETH.The owner sells it on paper, and if no one buys it, it can’t sell it, or it can only sell it at a lower price.Boring Ape-7089 NFT recently traded at $26W. The casting price of Boring Ape-7089 was only 0.06ETH in May last year. According to the current transaction price, the increase in 9 months is 1433 times.If I had been smart, I would have bought the monkey, and now I have it, $180 turned into $530,000, an extraordinary return.Boring Ape #7089 trading record and the latest hot Azuki series, Azuki #5580 just traded at 16.8ETH, which was cast a month ago at 1ETH, up nearly 17 times in a month.There is a growing consensus among people who recognize the value of the community and are willing to display their identity on social platforms, and with continued marketing from the project side, NFT is likely to move toward a better price.If you can buy early and hold on for a while, the market is likely to give good returns.Azuki #5580 recent trading records play NFT how to lose money?In addition to the rising NFT, there is also a part of the break or zero.For example, The NFT of Mind The Gap series, The floor price dropped from 3ETH all The way to 1.13ETH.This #674 NFT, after being cast at 0.15ETH on Feb 6th, was traded at 0.6ETH 8 days ago, then 3ETH, and sold again at 1.15ETH 4 days ago.Greater volatility in a short period of time also means greater risk.Mind The Gap series of NFT long-term holdings may be up multiple times, more likely to zero.But short – term holdings, or get whitelist, or may not be obvious returns.Buy at 3ETH and sell at 1.1512, lose 1.8ETH in 4 days.If you want to sell quickly, you have to either sell below the market price or hold on to it, with great uncertainty.If it can be held for a long time, waiting for sale will need to pay a certain time cost.PHANTA BEAR #8686 NFT also has this fantasy BEAR PHANTA BEAR #8686, which was sold at 8.6ETH a month ago and 3.9ETH 5 days ago, down 4.7ETH in a month.The current floor price of Fantasy Bear NFT is 1.6ETH, and the initial price is 0.26 ETH.Of course, it is possible to fantasize about whether the bear will take off, but be prepared to buy NFT for the long term, because buying is the high point and may not sell out in the short term.What are the features and risks of NFT?NFT is a non-homogeneous token, every NFT is different, there is no uniform price;In addition, the liquidity of NFT is poor. If you buy it, you may not be able to sell it immediately. What you can’t sell is just a picture, which can only be trapped.NFT may double 10 times 20 times in 2 days, but there is also a 90% probability of breaking, the market has not seen this series of NFT, has no value, speculation can not get up;Whitelisted people, investment is wasted.Various forms of NFT do not only see CX up NFT, more NFT is silently issued silently zero.Whitelist casting also has risks, some project parties cut the whitelist and then stop playing, and then no more.NFT is a big risk, we must figure out the gameplay before investment, there must be no knowledge is not impossible to make money.The above is only my personal opinion and summary. There is no investment advice. Any investment behavior of readers has nothing to do with the author.I’m new to chain. I’m learning about blockchain, and I focus on the metasverse and NFT.

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