How to get profits from trading nfts?

about 1 year ago

I am trading ethereum and polygon matic NFTs from last two months, in the start I feel it's very easy to make good profit from trading or holding nfts but now I relised it's not as easy as we think

On ethereum blockhain gas or transection fee is a biggest problem sometime we have to pay more in gas fee as compared to a nft floor price or value, but unfortunately there is not any other alternatives because ethereum blockhain is a still number one blockchain for trading and creating nfts, all papular and well known NFT projects and communities are on ethereum, ethereum blockhain is still number one blockchain by NFTs trading volume so nft collector have to pay gas fee in order to trade or invest NFTs on ethereum

When someone starts exploring ethereum NFTs on papular platforms like OpenSea, Blur etc he assumed all he needs to invest or purchase a nft and then he will become rich when it's floor price goes up, but in reality so many projects become failed and have almost have 0 trading volume after initial hype only few projects which have strong team and communities able to servive and grow in terms of trading volume and NFTs value

Source

So in order to get profits from NFTs you have to do some research and stay updated with latest developments it's almost same as we trade cryptocurrencies you need to know which project worth investing, on which point or price you have to purchase and sell nft. Remember mostly cryptocurrencies have better liquidity as compared to NFTs means you can sell a cryptocurrency coin or token any time on an exchange even it's price goes down up to 70 or 80 percent or more but you may struggle to sell a nft if it's a failed nft project and trading volume is not there

I invested in so many nft projects in last two months and learned a lot from my mistakes that's why I am sharing this with other this may help someone to make better decisions, every thing required time NFTs trading is not a get quick rich scheme but unfortunately many new nft traders or collectors think they will become Millionaire just by minting or purchasing some NFTs and then holding it for long time, I am not saying NFTs Collecting and investing is not profitable anyone can make a good profit by investing in right projects at right time and then exists at right time

What's your experience about NFTs collecting or trading especially NFTs on OpenSea by using ethereum blockhain and polygon matic network, I love to see if you shared your personal experience with us about this topic

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