the amount of people including the people on my team that i've seen start with zero
and now have nearly six figures in their bank account already just in the past couple months
israel is insane there's so much opportunity um and especially as the market shifts and evolves
the real opportunity right now yes there's a lot of money to be made but it's also about
learning and understanding the market so that as the market does evolve
you're in the best place to take advantage of those opportunities when they do come
hey welcome back everybody to altcoin daily smash that like button we have nft expert blockchain
gavin i subscribe to his youtube channel he does great nft and crypto content linked below this
guy's deep in the nft space he's made a lot of money he's he's provided a lot of value on
his channel we just talked to him a few days ago about his top nft specific projects in the space
that'll be linked below but in today's video i want to talk to about general buying and selling
strategy what specifically are you looking for with the team what is your pre-made strategy
postman strategy your buying and selling and risk management strategy we're talking about all this
today so smash the like button gavin how you doing today man i am doing wonderful super happy to be
here again super excited to talk about this stuff how are you i'm doing great let's jump right into
it let's do it uh i guess first of all big picture how big is the opportunity in nfts do you think
you know that's hard to say you know as with anything it's what you make of it but if you
come into the space and you give an effort and you try there is an unprecedented amount of room
for growth the the amount of people including the people on my team that i've seen start with zero
and now have nearly six figures in their bank account already just in the past couple months
israel is insane there's so much opportunity um and especially as the market shifts and evolves
the real opportunity right now yes there's a lot of money to be made but it's also about
learning and understanding the market so that as the market does evolve you're in the best place to
take advantage of those opportunities when they do come and obviously just like all markets it goes
in ebbs and flows but again generally speaking you're bullish on nfts over the next few years
i am absolutely bullish on nfts over the next few years i love the nft space obviously again i i
do trade nfts so that i can make money but i also believe in the long term value and utility of nfts
you know whether that's plato and gaming all players owning their own assets whether
we are digitalizing contracts whether let's say you know i go to nftla but i can't buy a ticket
because they're sold out i want to buy a ticket off the secondary market well how do i know it's
real well if we tokenize that and put it on a contract i can know for sure that that is a
real ticket so there's a lot of use case utility that i think nfts will provide in the long run
so absolutely i am bullish on nfts yeah scalpers have definitely scammed me in the
secondary market back in the day before so yes that is much needed yeah but anyways um
so first of all i guess general question is when it comes obviously you can flip on any uh
blockchain but when it comes to investing we've really only seen blue chips in the ethereum
nft space what are your thoughts on that yeah absolutely so ethereum
is just simply where it's at it's where projects are launching on it's the um
you know it's where developers prefer to code in solidity it's just where all the volume is so
ideally it would be great if ethereum 2.0 came out so that we have we move over to a proof of
state concept so that we are uh reducing gas fees significantly significantly because i think that
is a major barrier to entry for a lot of people you know potentially spending hundreds if not
thousands of dollars on ethereum but it is a double-edged sword because on the other side
there is no other possible way you can make the amount of money you're making
in the nft space unless you are on the ethereum network yeah is there any other
blockchain that you uh are looking at for nfts in the future or still waiting and watching
i'm still waiting watching there is definitely the sole blockchain
i think that that actually will have some room to move once openc puts them on their platform
i believe coinbase nft once they launch are planning to do the same thing so i think when
that happens a lot of these bigger projects that haven't come out yet will decide to launch on the
sole ecosystem um blockchain and you know that'll give a lot of room for people who were hesitant
who couldn't hop into nfts because of the gas fees the transaction fee barrier it'll give the
a lot of potential buyers to come in the space and try out the nft market so definitely the solana
blockchain okay let's keep going let's jump into strategy pre-mint strategy i see a project mint is
coming up means it hasn't launched yet means that you could possibly uh get a rare one during the
mint but like what is your pre-mint strategy in general what do you look for to go in on the mint
so it definitely depends project to project but baseline what i always look for in every single
project is is this something new and unique like doodles like azuki or is this something trending
is this going to perform well because you know a week before we just had a very similar project
that did a 10 or 20 x so typically it's it's always ninety percent of the time it's going to
be what's trending okay is this trending is is the artwork makes sense in the current environment are
people wanting this okay now we go on social media now we go on their twitter how is their engagement
does it look authentic or does does it look botted you know you got to look through the comments you
got to look at retweets and likes then the next major thing is to hop in their discord how engaged
is the community is it organic do they actually care about the project you know are they chatting
just to grind for levels or are they engaging in authentic conversation you know you know building
that sense of community in the project because they actually believe in it another thing is you
want to look at the reaction so whenever they post sneak peeks or announcements you want to
make sure hey a lot of people are reacting so in discord reacting is just like these emojis
and you want to see that people are actively reacting to these posts because that's that shows
you that they're still in the discord they're coming back every day the next major thing is
you know their website their team um preferably is you know a couple months ago it wouldn't have been
the same but now it more shifts to the team pretty much needs to be docks if the team isn't doxxed
there's already high risk of a rug pull as it is but if the team's on docks then you're basically
you're you're really playing with fire because the team could meant out and leave the project
at any day so absolutely the team you know what were their experiences did they do anything in
web 2 did they have successful businesses did they have a successful e-commerce brand you
know were they lawyers whatever it was what can they bring to the project that is going to give
it the potential to do well because at the end of the day you know nfts they're just a business
and anyone can start a business what comes down to it what matters are the people behind these
projects that are running the business you know those are the people who are going to execute
and you know potentially make the project do well so those are the things that i always look at
totally anything else pre-mint before we move forward another major thing pre-ment is if
you've already done all that research um another major thing is the contract a lot of projects
have a lot of potential and they end up not doing well because they have bad contracts so what i
always do no matter what the project is no matter how much hype no matter how much conviction i have
that i'm going to mince it and flip it i always wait for initial sales initial mints to make sure
no one had any problems no one's got drained the contract was good and then you wanna when you're
minting these projects you wanna hop on openc so the largest secondary market and you wanna make
sure that there is a sufficient flow of volume are buyers actually interested in buying this
after the men because if not that tells you okay well actually there might have been a lot of hype
but it wasn't as authentic as it seemed and people don't actually really want this project
yeah and then once you're minting any strategy there you're just minting as many as your cape
as you are able to or so typically with the new meta the um sorry there's a little nap
typically with the new meta um there is something called the whitelist you know
back in october um at the beginning of october whitelists didn't exist october of 2021 so
um but now as there's so many new people market participants in the environment
white lists are necessary and a whitelist spot essentially guarantees you a spot to mint a token
so that you do not have to compete in gas wars so typically you can only meant maybe
one two or three depending on what the team allocates for that project to mint
um and if the project's good then yeah ideally you want to meet as much as possible
you could wait until the public sale but at this point in time with the amount of people
that are in the space and with the new tools and technology that currently exists there's a lot of
people who bought these public sales so if you're trying to come in and a project on the the public
sale uh you're simply not gonna get it because there are bots that are simply just much faster
than human beings and people who are willing to spend way more money on transaction fees
cool do you have a strategy for managing your risk or taking profits absolutely so you know i take
the same mindset and approach to it as i do with any other trading you know as i traded forex um
i look at risk to reward i predetermine an entry and exit point so let's say i pick something up at
0.1 eth i know in my head it has the potential to go anywhere it could go to one eighth it could go
to two eth but if it goes to 0.4 or 0.5 eth that's a 4 to 5x profit and if i'm satisfied
that's good for me i will take my gains and move on at the end of the day if you're just
letting things run on you're not really trading you're not using statistical probability you're
just hoping and praying so there are certain tools i use after i determine whether or not
a project can be successful where i can look more at the analytics and get a bit deeper to help me
time my entries and exits to maximize my profit potential and reduce my overall risk and when
you're looking at these uh data aggregation uh you know back-end metrics for these projects um
what do you use like ic tools or what yeah so um i can share my screen really quick yeah let's do it
let's see typically what i use is nftnerds.ai and ic tools so as you can see with the current
user interface we've got listings on the left we've got trades right here
we've got real-time market data these are all buys and sells and then we've got listings so nft nerds
is one that i absolutely love because this helps me time my entries and exits i can see
i actually used this last night to bank a 0.25 each trade like 800 bucks in two hours and it
was simply because this platform provided me the tools to analyze the data at a much deeper level
and understand what's really going on and so you know i look at these tools in this platform once i
have an understanding of what the project is to say okay for instance here we have some type of
resistance here we pulled back we bounced above boom support support support we broke
we pulled back and then now it's resistant so it's no different than supply and demand zones
liquidity zones it's important resistance whatever you want to call it on like a crypto chart
um another big thing is you can see the listings and trades in real time so um where now you can
see that there are significantly more listings happening than there are buys then there are
trades which means that the floor is probably not going to keep rising right now just because
people are looking to sell more than they are to buy so it gives you access to see these my new
details and you know it tells you how many are listed or what at what price level so let's say
i wanted to get out at uh 0.17 or or maybe i wanted to find a good exit let's say i'm already
in profit well i know that there's 99 listed at 0.18 this is a huge spike so what i would be best
doing is listing mine under that at 0.17 because i know that once we get to 0.18 they're just too
thick of a floor to get past so these tools give me the insights to say okay there's too many
listings at this level if i list here i know i can secure lock in and um yeah secure those profits
so you're looking at you know the different levels that the nfts are listed at you're
looking at strength of people a lot of buyers or maybe a lack of strength there's there's a lot of
sellers yeah absolutely and then and then for like longer term plays um so like what i did with azuki
is looking at something like icy tools where they provide these charts you know if you see something
like this this gives you in tight insight into ten eth is a support it's a supply and demand zone
so you can see i use this tool for my longer term plays to see okay how much are we accumulating at
tanith if we're accumulating and we're holding 108 that support what we're probably going to see is
a distribution period once there's enough um tokens accumulated at a certain level
so i use these um platforms to deeper analyze and get like the best possible entry points simply by
seeing where are people buying where are people selling and where are we likely to move next
okay um i want to talk to you about your strategy when it comes to flipping versus
investing anything else on these charts before we move back to us no that's pretty much i would say
i definitely use these charts more for flipping um but when it comes to investing i take that more to
you know what's the team what are they building and what's their long-term vision of roadmap
and you just want to see they're doing something something cool something interesting maybe they
have a working with something anything that could you know be differentiate itself in a positive
way yeah so i guess the best example would to be good to give something like azuki so i personally
very transparent about it i say it all the time i flip 98 to 99 of the projects i meant simply
because i know on a statistical level they're not going to exist they're eventually going to go to
zero they're not going to stick around azuki is one of the very few tokens that i minted and held
simply because i had the market awareness and understanding of what they were doing and
that they were the first of its kind in the market i understood that anime is a massive
trend a lot of people love anime so it's kind of having that understanding and factoring it into
the nft space if you understand those things so with azuki specifically what was their team doing
how were they building out their discord community um what they were doing was very unique it was
very different and it was very authentic they had a really strong team their art director was
one of the creative directors for play overwatch blizzard they have a really solid stacked team
their website was the best and most integrated website i have seen in the entire nft space
they also decided to create their own optimized contract known as erc721a which optimized gas fees
they also made that open source similar to tesla making their batteries or cars open source so
the broader community can build off of that so they're just doing a lot of things to help
actually build and grow the community and do things on their own that just showed you
they're not here to make a quick buck they're not here to make a quick flip
they're here to build for the long term so that's what you kind of want to look out for
because it's a major red flag when you see a project that has the same website
or you know maybe it's just another type of derivative it's very obvious that they're just
here to you know make a quick dollar and in three four five months from now it's what we're what
we call a slow rug they eventually fade out and the founders and the team just kind of walk away
as we're wrapping up here we listed a couple red flags throughout this interview i can think of
anonymous founders that's a red flag if it's a derivative project or if it just seems they're
you know just rushing it out not much work that's red flag any other red flags we can we can list
um not really i mean that's really it um and you know if it is a derivative project
the real red flag is simply not to hold it you can absolutely make money flipping it especially if
it's hype within the trend which i do all the time that's simply just capitalizing off
of the current trends but when it comes to these long-term holds if it is a derivative if they're
doing the same thing as everyone else in terms of holding that nft and investing in it that's
absolutely a red flag another red flag would be the mint price so is the mint price really high
are they doing something like a dutch auction that is way priced relative to the average
market that's a major red flag because that just shows you that they want to make money more in the
near term than being around for the long term and reaping those secondary market royalties
okay appreciate you coming on today gavin make sure everybody watching
check out both gavin interviews on this channel the other one we did was about
specific projects like azuki and other ones on his radar everybody go subscribe to gavin's
youtube channel below he's an nft expert in my eyes and doing it on a daily basis
final thoughts for the altcoin daily audience gavin i mean what do you think most people don't
realize in the nft space today or final thoughts i think that most people do not realize that at the
end of the day this is still a market just like any other market whether it's penny stocks whether
it's crypto whatever it is there's one thing that every single market shares and they cannot escape
that is simply human behavior human psychology so i think a lot of people don't do enough
time they don't spend enough time researching and understanding uh the psychological implications
of the market and kind of understanding that and factoring that into the trades they make
appreciate that gavin thank you very much man it was an absolute pleasure
to be here thank you aaron i look forward to seeing you again at another time definitely