My first X3

Hi friends. An event happened yesterday that made me think about a radical change in the approach to the priorities of investing my free time. This event was my first argument for getting the so-called "X" from the NFT drop on the WAX blockchain.

In general, this message could be written in the form of 1 screenshot summarizing my purchases/sales. But, not everything is so simple, and in this post I will write about the actions that go unnoticed in such cases. Let's first look at what I'm writing about:

This is a screenshot of my card sale, which I managed to buy during the drop, which lasted a few seconds, for $ 150. 22 minutes after the purchase, I managed to sell this card, making + 235% profit. Many of the experienced NFT enthusiasts say that I was in a hurry and could have made much more profit from this sale. Probably they are right, but this was my first such experience and I was very worried whether I would be able to record at least some profit. For me, this experience of multiplying assets by 3 times (that's why I wrote to get my "x", in this example, I made a profit X3).

Is everything so simple?

Of course not. Such opportunities are quite rare. There are cases when you have to sell the purchased assets, recording losses. For example, from the bitcoinorign drop I personally expected no more than 10-20% profit, as it turned out you read earlier.

There are so many projects in the world of NFT now that the number of them just makes you dizzy. In order to be able to correctly assess the potential profit after buying maps, you have to study a lot of information about them, study the road maps of various projects, check them for the possibility of a bench, and so on. So, such "X" are based on a large amount of analyzed material and constant monitoring of new information.

Where to start?

I started by searching for channels with thematic information, studying the projects I'm going to deal with and subscribing to current Twitter accounts
I was very helped by 2 telegram channels https://t.me/digitalnft and https://t.me/crypt0papa for which I am very grateful to them and why I mention them in this message.

I think it's time to end. I will try to cover repeated successful episodes also in the messages.

Link to vote for @cranium as a witness