NFT Investment | A Near 100% Success Rate NFT Investment Strategy?

Investing in NFTs may not always be risky, with a success rate of nearly 100% for quickly reselling NFTs. This article shares the author's investment approach to the NFT market. The following are solely the author's personal investment opinions and not investment advice.

@cryptoPothu, who is still a university student, often shares personal views and market insights on web3 on Twitter. This article discusses their investment approach to the NFT market.

If done correctly, quickly reselling whitelisted NFTs is one of the safest methods to earn substantial profits.

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This guide includes:

• Investment strategies
• Identifying projects for quick resale
• Accessing whitelists
• Minimizing risks
• Engaging with the right people

NFTs don't have to be risky.

It's possible to flip NFTs with a nearly 100% success rate.

Here’s a guide 🧵

— Pothu (@cryptoPothu) July 13, 2022

Strategy

The strategy is quite simple: mint a good NFT and sell it when its price is at its peak or near its peak. Most NFT projects hit their price peak before the blind box is opened, and the NFT usually fetches a premium on OpenSea after minting, with the goal of selling for profit on that premium.

Essentially, you need to list it immediately after minting, which could be within hours or days, depending on when the blind box opens.

Identifying Projects for Quick Resale

Keep an eye on hyped projects that have the potential for huge profits, as sold-out NFT projects can perform well on the secondary market.

Discord and Twitter: Focus only on projects with over 20,000 followers on Twitter and Discord. Join the Discord for some conversations to see if people are interested in the project. However, be aware that there may be many bot accounts, and many people are there to help friends get whitelisted, as many projects require inviting a certain number of people, causing users to give up on the whitelist.

Be flexible in identifying these projects: They don't have to be the best; they just need to have potential.

Getting on Whitelists

Participating in public sales is difficult, as no one wants to get into a gas war. Most valuable projects sell their NFTs through presales or whitelist sales.

Getting on whitelists is a tough job; you either have to play games, win contests, or invite friends to join Discord servers. Among these, inviting friends is the easiest and the task that should take up most of your time.

• It is suggested to ensure completion as quickly as possible, making sure to fulfill the whitelist requirements before the whitelist tasks close to secure your whitelist spot. For example, if reaching Level 10 requires sending messages, and you reach Level 9, if the project suddenly closes whitelist applications, it would be a nightmare.
• Networking is the author's preferred way to get on whitelists. If you already own an NFT from a project, check if there is an alpha discussion group on that project's Discord to connect with other holders for discussions. Even if you don't have many NFTs, try to find a good alpha discussion group on Discord to collaborate on research. The author has obtained many whitelist spots through networking, enabling early discovery of projects and seizing opportunities.
• Twitter is a great social platform to engage with others. The author appreciates the crypto community's enthusiasm and willingness to help; the author has been able to converse with individuals with over 200,000 followers, gaining advice and insights, making full use of Twitter's benefits.

Minimizing Risks

To maximize profits, you must maximize success rates and make the process repeatable. Note that when minting, the floor price on OpenSea should be higher.

Ideally, the floor price minus gas fees should yield at least a 20% profit, as market prices can often drop below the listing price. When the floor price is too low, the following methods provide flexibility and increase profit probabilities:

• Avoid being the first to mint: It is recommended to wait until about half of the whitelisted mints are completed. If a large portion of whitelisted individuals decide not to mint, it could indicate a low-value NFT, and it is advisable to steer clear.
• Before minting, ensure there is sufficient trading volume on the project's OpenSea: This ensures that you can actually sell the NFT. The benchmark is to have several trades per hour at the minimum.
• Sell before the blind box opens: While you may miss out on a rare NFT, this scenario is rare. Typically, it is best to sell before the blind box opens and profit early.

Follow the Right People

Following the right people can help you discover high-quality projects early, as appropriate individuals often share valuable knowledge. @SkiddilyNFT provides an excellent list.