Advanced strategies of flipping NFTs

1. Welcome to this course!: Hello guys and welcome to this course on advanced strategies of minting and trapping NFP. My name is Alex and I'm a software engineer, but I have always been passionate about cryptocurrencies. And when NFP is came out, I really owned. And three did a lot of damn, mainly on open sea. This class will be structured in four lessons that contain pieces of advice meant to get you closer to having your dream and if the collection through maintaining them and trading, I will show you what to look for in order to find a successful NHD collection jumping in the future and how to make sure you maintain it no matter how hyped it is. If you are interested in annex peas and also wanted to treat them before putting up a collection of your own. Consider this course for you. There are no other requirements then an Internet connection for this course. As for the project of this class, it will be extremely practical. And it will involve you to find a promising upcoming NFT collection and waitlist for it. So you can start this way, your own journey of owning game FTEs and building your own personal collection. So I think you're already see you in the first lesson. 2. Discover valuable NFT projects to mint: Hello guys and welcome back to this course where we learn how we can January daily profits using MFA. In this lecture, we are going to understand how we can discover profitable upcoming NFP projects that we might get ourselves into using strategies that I will later talk about in this class. In order to find out about valuable student to be dropping projects, what you need to do is to immerse yourself in an NFP community. To do that, first of all, what I want you to do is create a Twitter account if you do not already have one and follow two guys. First is Alex Becker. And you are going to put yourself inside the NLP community by following God's Becker and also everybody he is following as well. This guy actually tweeted something at a certain point in the past about the high-quality of the project of my pet hooligan. And when he did that, the floor price, which means the lowest amount of Ethereum debt and MEP out of debt collection went for skyrocketed. So you can see the influence he has in the NFP community and also with these implants, of course, also comes great knowledge that he has. Now he is also highly emerged in the NLP community as this is his passion. And if you click on following, do you can see that it has other crypto guys like JIRA. Why crypto? It also has Sheldon events, which again is a great example and I suggest you to follow him as well. He has just lots of MET projects that he follows. Besides that, a lot of people that are highly immersed, as I've said, in the NLP community. So this is the first thing that you need to do. When you finish this. You will have a feed in newer Twitter that you can go on and check on a daily basis. And what these NFP people do is they're going to tweet about upcoming NFP promising project. And you can go on and take a look from that point on the project and see if you like it, how you are going to look at the project and decide if it is a good project for you or not, are going to see in just a moment. The second step would be to go on YouTube and watch NFT influencers debt might even collaborate with some other influencers and thus meeting new people that have some experience, knowledge, and might have a better guess at what is going to do well and what is not going to sell here we have kosher plug. I think he made a $100 thousand in the time span of about a month flipping any peace and after death he quit his job. And as you can see, he has huge new NTT projects. Basically, he just tells you here in his videos about upcoming NFP projects that are going to do well. And we also have read Malinowski, which does the same thing and also explains the strategies that he used in order to make profit on some of the NFP projects that he used to look at. Then we have three tools. So actually you immersed yourself in the NFP space by following all these influencers on Twitter and YouTube, you're going to need to be able to trial two out of the MET projects that they are throwing at you. And you're going to have to develop some criteria to do that. Do not worry. I am here to explain to you what exactly that criteria should be. The first two that we're going to talk about is called IC dot tools. And if we click on their features page, there phrase goes something like stamp missing out on valuable METs. What this application does is it will give you alerts when certain projects that are upcoming and debt, you set alerts for dropping. And that is here's an important, as there are quite a few projects nowadays of any fees. And if you are watching more than just one, it might become a bit tiring. And to have an application that is going to set you alerts on the dates that they need or on the days that the new lower price. You can save it by, as they say, to fear of missing out and being early, meaning more chances of making an actual profit. This feature, however, is for the premium version of this tool. First of all, you're going to need to connect with your mathematics quality that you have created in a past lecture. Then you are going to have to pay some Ethereum in order to get you the premium version of this application. Now for your first few projects, you're not going to mean more than one in a day anyway, and you're going to be able to very easily to keep track of them. This is not a tool that I strongly suggest in the beginning of your journey of generating profit out of any of these. But it is a tool that I want you to keep in mind. For a later stage where you become more advanced in the experience and you gained some capital. You might want to invest it in something like this that will help you maximize your profits even more. But besides that, we are going now to look at very P2's. This is a website that does two things and it does them very well. First of all, it has all the collections that dropped. And for each of them, you can look at all of the PCs and also sort them by where they are going to have an dash and then the number of how rare they are in the entire collection. This will help you assess if you are dealing with ME and revealed NFT is going to talk about what revealed NFP means. Basically an NFP that you are able to see exact graphic and also eat properties. That's what an revealed entities. But when dealing with revealed entities, heap is very useful to know its exact where we pee and with very P2's, as you can see, you can do this quite easily. It is showing you where every t-score and also the attributes that makes them gain that much rarity in the first place. So you know what you're dealing with when looking at NFP, wanting to buy an NFT, that trivial, and so on and so forth. So this is a hugely important too that you want to have under your belt. But besides that, what it does, and that's even more important is that it has an upcoming section. And here you can see NFP projects are about to drop in the next few days, weeks, months, and so on. What you can do here is to trial them out of what you are interested in and what you are not interested in. They are also providing a time of the mean. You can see if that is on your time zone and it interests you, then you have how much PC's they're going to meet and also the price. And here's the important thing that they provide is the Discord for the project, the Twitter for the project, and also the project's website. If you see a collection that interests you here, you are going to need to look and see that they have it at least the amount of followers they have BCS to meet. In the case of attack of origins, they have 8,888 PCs that they are going to meet. And under Twitter they have 16 k followers. So that is a good sign. If they had less than 800 followers, I would not touch this project. Then you can also look at their posts and see if the engagement is high. Meaning real people liking retweeting them coming pink for this one is quite low, so their engagement is not audit grade. While you do that is to make sure basically that their engagement is real and the two not by their followers. After you do that, you can also go ahead and jump into their Discord. You can see how many members they have, how many of them are online. Again, this is the first thing to check if they have enough members and then you need to check for real engagement. And how you're going to do that is heading on to their general chat. And what you want to see there is many people typing at a time. That means real engagement out of the community. And it means that the project is actually hyped up and people want it and are big fans of it. Of course, if you are seeing a project from the Twitter influencers or the YouTube influencers that I talked to you about. You can also click on the links that they provide for debt collection or you might google it, or you can try to get on the projects Twitter page. And then in the biotech they have on Twitter, they might redirect you to their website. Their website is also very important because you want to check the roadmap here and see if they are serious with the project and what are exactly their plans. And if there is another story besides the project of these are very important things that you need to trial through and make sure that they are very well positioned in order for you not to get into a project that want sell out or will not have enough volume, meaning enough sales for you to get rid of your NFT when EPC pink at a price above what you paid because you want to avoid that at all costs. And the last two that I want to talk to you about is these refugees sniffer, which is basically something very similar to what we read B2C is, and it provides the rarity of the elections and it is ranked in descending order. And you can make pretty much an idea of how rare you are NETs and how much issued sell it for two, accurately make it worthy. But this is about the ways that you can get immersed into the NLP community and also quite a few rules that you need to keep in mind when choosing an entity collection, that is and will be worth your time. I really hope you guys got something out of this lecture. If you have any questions, you can feel free to reach out to me here. And I look forward to see you guys in the next one. 3. Time stages and price fluctuations of an NFT: Hello guys and welcome back to this course where we learn how we can generate profit using non-fungible tokens. In the last lecture, we took a look at how exactly we can find valuable NFP projects that are about to trap in the soon-to-be future. But now we are going to see how the price of an NFT collection usually fluctuate through each time stages. And thus, with all this knowledge that we are going to absorb, we will be able to put ourselves in a position to enter these projects at a time where we can buy one or more pieces out of them for a reasonable price and then when the timing is right. So all of them or some of them in order to make profit after you find a few projects that are launching soon, using the methods mentioned prior, you should just watch them first. You do not need to just jump into flipping LFTs because you will probably lose money out of lack of experience. You are not yet ready. So please, after watching this course, do not jump into the first project that you see. And think that these going to be valuable. Just watch at least two, maybe three in order to see how the price usually fluctuate. And maybe you can identify some patterns that you can use on future projects to make money. Because all the NFP Collections follow a price fluctuation more or less that I have described in a graph. And of course, all of the collections will not exactly stick to this graph one-to-one. But the important idea here is that most of them will probably look a lot like this graph, even if they do not look like it. The important thing is the deeps of stage 245, where we have huge opportunities to enter the project and then resell it for more. When you see the peaks of the price as far as the time stages in an NFP project go. You can see them on the screen as well. In the time axis, we first of all have the waitlist, which is also called the pre-sale. We have the public sale and we have the reveal. Usually waitlist is a term for something you get if you are valuable member of that NFP collection community, different ways that you can get into the waitlist and be able to meet for a pre-sale lower price. As you can see, what you can get it for sine at stage one. Depending on the project, either enter a raffle or you can be an active member of the community on their Discord group and help other members with information and just being nice. Or you can even do some projects that lets them advertise better their products. So maybe you can do some fun drawing art for the project. And they will see that way that you are a valuable member of the community and give you a worldwide list. Now, before going into how exactly you are going to be able to get into a cheaper price along the fluctuations of the NFT collection. I have a tip for you. You need to detach yourself from the actual art of the NFT. It does not matter if you like it or not. If all you are trying to do is to flip it for a profit, it matters is the end result. So do not get emotionally involved into a collection. You can flip most NFV is for good profit. But to maximize profits human to try to find an NFT collection that, as you see, has a white list pre-sale. And also along with the public sale has the later revealed date. You can see it's stage one in three. These are the cheapest opportunities for you to get into the project because you are getting it directly from the collection website. The white listed members always get it for cheaper than the public sale. And both of these prices are lower than what you can get it from open S4. And this is the way the margin of profit is actually formed and the ability for you to make money reveals itself. The white list gives you access to the pre-sale, even though most of the time you won't be able to. And this is stage one. You will try to get into the pre-sale once you find valuable NFP project. But if you manage to get on the white list using these methods, as I've said, then you should mean what you can. And then you can resell some for a profit right away. As you can see, this is the biggest margin of profit that you can see at stage one from what you get it for in the open sea price, you can be able to double, triple or even ten extra money if it is a really hyped up project. But you need to remember the more hyped the project is, the harder it is going to be for you to actually get into the pre-sale list. Most of the projects have also limits for pre-sale and public sale on how many you can actually mean that once. And in total with one wallet, they do this to spread out the owners of the collection and diversified them. You can of course, make multiple wallets, but you would need to be widely speed on all of them. And that would be quite hard because it would mean also multiple Discord account. I think for starting out, you can have just one account because these limits still will probably exceed your budget on what you are willing to spend on the first NFT is that you're trying to flip. The major advantages of getting into the pre-sale is that you won't miss out on the project and the profit margin will be quite guaranteed at this point. Another thing to do here is to watch out for the way you will offload these freshly minted ENFPs if you mean them out of the collection website on the waitlist pre-sale, the way we'll offload these, meaning the timing when you will sell them here. Ideally, you could do something similar to dollar cost averaging, but the other way around for selling, if you bought multiple LFTs and now the floor for them covers the price you paid for all of them combined. You can sell one and hold on to the others. If you are bullish on the project, meaning do you think it will go up doing these instead of just selling them, all right away, might enlarge your profit margin if the project keeps going up in the next few days before the review. There are also more advantages if you are able to get into the pre-sale, which is low gas fees because the network is not the top congested. The majority of people that we will try to mean the project will be at stage three, which is going to be the public sale. And to meet them, you will not need any special status given by the project community, just the wallet, since everybody will try to mean then they are going to be guesswork. But getting back into the white list, you can mean cheap and usually self for two to four instantly. So this is my first advice. Try to get into the pre-sale. Another tip that I have for you here is that when calculating your margin of profit, you should always take into account the guest fee implied with your transactions and the royalty fee that the projects founders also have setup. You can find these into the questions and answers sections of their Discord group. Open seas also has a selling fee when you will later tried to sell it there for a more expensive price. But with that out of the way, we can go ahead and go into the stage two that you can see represents an opportunity on our chart. What stage to basically 0s. Here you should try to buy on open sea after the pre-sale. If you are not able to get into the waitlist pre-sale, you should go and open sea and after quite some time, you should try to buy some pieces from Open. See, when you see that the price has dropped a bit, you are going to have a grass there. And also see on the Buy Now tab offers quite often coming in and you should always buy the floor. And why you should do that is because usually a few hours after the whitelist means the floor price is going to slowly drop. And you can usually pick up the and revealed NIST's at a good price. You will be buying off people who are on the waitlist and they will slowly offload and keep undercutting each other, thus causing the price to go lower and lower tier you have the advantage of low gas fees. You do not have to mess with big guesswork coming up at the public sale. You can pick up goods store prices then flip for two or more when the public sale is coming up. Basically what happens is a few hours before the public seal, people realize they will get into big guesswork, trying to meet at stage three, cell day end up buying from the open market instead. And the price increases by a luck. Usually, they do not mind paying a premium because the node guess fees will be a lot on the public mean. So you see that from stage to the public sale, the price is increasing. And even though on stage three, you will be able to get it for cheap on the public sale. The gas fee will actually cause you to be above what you would pay for it on open C. And that's the reason, combined with the fear of missing out that people have for buying an open sea, causing the price to go up. You need to understand that the more people are selling the project, the price will go down because they will undercut each other. The more that people will try to buy the project, the third price is going to go up and up because the floor price will keep getting back. An example for this is that I was watching one project today and the pork price before the meeting of the public sale was 0. That five dBm to mean twine at launch it was about three TVM with guests included because everybody was trying to meet and network was very congested. So that's why people were willing to buy for 1.5 Ethereum on the floor before the means. So even though the public sale price was 0 that to eat, the huge gas fee caused the buying price on the collections website to be three dBm. This will get us to stage three, which as you can see, he's on the public sale, and this is a mistake that I made and you are better off voiding. Don't even bother trying to maintain the public means, especially if it is a very, very high project, chances of you getting anything are slim and you will lose your guess fees. Because if you are transaction does not go through, you will still not be able to get your guest money back. This is just the way the Ethereum main networks. You pretty much want to repeat what you have done before. What will happen is anyone who did the public minted and maintain a lot of LFTs will sell some of, you can sometimes pick some up for cheap on the open market. Again, remember, these are still not revealed, so you have no idea what they will be at. And thus all the PCs cell now for relatively the same price, the rarity factor has not come in yet on stage for, as you can see, we have another opportunity. This is the most important moment and it is before the review. This is where you can make some good money. If you manage to pick some up for cheap along the way, then you can do well here. So if you manage to either get one for the pre-sale price or before the public sale deep, or even after the public steal from some people that were trying to get rid of their LFTs for chip two or three hours before the reveal. Seals on the open market will start to pick up again. And anyone who missed out on the public means we will start buying off the open market out of fear of missing out. And you can usually do extra money here, sometimes even more, but you need to do it right before the review because that's where the prices will be at their peak at stage five, as you can see, we have another opportunity because after the reveal, the price will drop heart. And what you can do here is to snipe based off of rarity. And how you will be able to do this is by using a tool like rarity tools or wherever the sniffer, everyone starts uploading their LFTs to get some 0s premium back for other projects or to buy more rare ones because all the items are revealed at this point and we know each of their rarity. This is a good chance for you to pick up some rare NFP is because some people sell cheap without even realizing it. And they have rare NFT is at this point, there is no rush here. The price will keep dropping over the next 24 hours or so. Then settled down. You want to be trying to pick up rare or semi rare METs here. Don't just buy anything. Use again, very key tools or rare it is need for to estimate the rarity of an NHD before you actually buy and only buy it if you think that the price is long enough for you to have a good margin of profit at the latest stage, that is stage six. And this is when you would sell to have any PCs left. You can receive offers also for your nFET is on Open see along the way. But most of them are low borrowers trying to get a good deal. I do not advise you to accept them as they are usually not fair to correctly estimate how much you are in if these words, if p is not revealed, you should sell it for at least the floor of the collection and DVTs revealed, you can add above the floor its rarity with a free online calculator that has the collection like rarity tools or where it is named firm referencing them once again, to get your money out of the TVM $2, if you think you are done with MFT is you have to use a crypto currency exchange like Coinbase. You can go ahead and make yourself on account on Coinbase and then stand the TPM from newer method mask wallet to the Coinbase wallet. And there you will be able to exchange it to dollars and send it back to your card. But this was above eat for them price fluctuation of an NFP collection. Now of course, in-between stage 12 and stage 34, the price will not constantly go down. There will be quite some other ups and downs, but that doesn't really matter. Is the only thing that we care for here is the increase in price from stage to stage three and stage four to refill, where are the best opportunities for you to make some profit? Also, if you get on the white list, the profit is guaranteed. And you can also snipe some rare pieces at stage five and later Seldom for more. But thank you very much guys for sticking with me up to the end of this lecture. If you have any questions whatsoever related to this graph, please feel free to ask them here and I look forward to see you in the next one. 4. How to mint the chosen NFT: Hello guys and welcome back to this course. In the last lecture, we saw how we can actually find the project of any fees that has potential and how we can furthermore, get our hands on an NFT. But in this lecture we are going to take it a step further and I will show you exactly how you can put your money into actual iffy William wheat, which you can buy debt NFT. And by buying, we already know that we referred to mean taking on debt collections website. First of all, you can go on Google and search for MetaMask. And this is the link right here, mathematics that i o slash download. From here you can go on in the installment mask for Chrome. What this will do will basically add an extension, so like an add-on to your Chrome browser. And as you can see on the screen, I have it right here. And this is going to be the wallet where you are coming to transfer your mommy too. And this will hold your ethereum. And also this will be the tool with which you are going to pay for minting the NFP. And furthermore, all the transactions that you are going to do with that NFP on the secondary market, that is going to be the MEP marketplace of open C will be done again using these MetaMask wallet. But once you click on install mathematics for Chrome, Chrome extension will appear to the right top of the screen. And you will see it just like I see tier. Now once you click on it, you can see here the activity that you've done, the assets that you hold in it. Also the trivium and each translation into USD. Then you can see your account number that you can copy if you want to do, be sent some Ethereum or to send some. But you also see whether you are connected to or not to the website that you are actually on a debt point. To these three points, you can view your account on ether scan, which is a place where UTMs publicly see all the transactions that have happened with an account. Then you can also expand view and this Expand View, we will open it in a chrome tab. You can see the accounts detail and also the Connected site. Now, when you are opening on website and you're trying to buy something with these mathematics wallet, you are going to have to connect it to that website because by default it is not connected. Here, again, you should be careful not to connect is some kind of shabby website because I've heard stories of friends of mine that lost about 30 K dollars that they held in these MetaMask wallet because they can actually shape your websites debt furthermore, used their wallet and stole all their money from their wallets. So you need to be very careful because these being a very new space and not really well-regulated up to this point. There are a lot of scammers, so be very careful of scammers and do not click links that looks suspicious to you. Even if you do be careful not to connect your mathematic quality to it, if you are not trusting that website. But you really need to connect to the collection that you want to meet. Nft is from with this wallet. So you can furthermore accept the transaction that they are going to impose on your wallet. So they can give you your NFP wise. They give you your NFP. You can use OpenCV, which you will need to create an account with. Furthermore, connect your wallet with them. It works again, the mathematics quality can be used to connect to the open sea NFT marketplace. But once you do and you go to your profile from here, when you click Profile, you aren't going to see all of you are LFTs debt are in this wallet. When you mean the project, you are going to be asked to the, from the side to give the sum of the TVM and then back you will get that NFP that you can furthermore check and see on your opening see profile. So these would be how you buy an NFT. Now you may ask yourself, how do you add money to it? Well, you can go and open sea and once you connect it to your mathematics quality, you can click on Add fonts. And you can just buy that funds with a credit card. And here you can select directly Ethereum and you can directly enter here the amount in US dollars. So for example, if we buy $300 of USD, we would get 0, that's 07 O nine of EPO. Because the DVM price right now is 4,230. These service debt will allow you to buy Ethereum for your mathematics quality is called Mon pay. And when you buy it for the first time, they are going to ask you for a process in which you are going to give them, you were identity, self the null, or who are dealing with just in case something shady happens, that is completely normal, so don't worry about that. And then again, another question that might pop out here is you want to do basically take that money out and back into your bank account. So how do you do that? From your MetaMask wallet? While for that you are going to enter a crypto exchange marketplace where you can actually tell you a 3PM for US dollars and then furthermore transferred those US dollars into your bank account. And the best way to do that is making an account with Coinbase. And furthermore, same urothelium from your mathematic wallet to your Coinbase account. And how you would do that is you would click here to receive. And here you have the asset which will be Ethereum in our case. So we can go ahead and select the theorem here. Then you would have an address. And from your mathematics quality, you can go ahead and click on Send and then base the TVM entries here, MDM sent or you are eating them from here to the Coinbase account. And then furthermore, here exchanging into US dollars intended back to your bank account, debt out of the way. This was about it for this lecture. I really hope you guys got something out of it. You can again ask me if you have any questions here. I am available. I will do my best to respond in the quickest manner possible. But with that being said, again, thank you very much for sticking with me up to the end of this lecture and I look forward to see you guys in the next point. 5. OpenSea Collections: Hello guys and welcome back to this course. As we discussed earlier, the best we do get into an NFP project is to mean that project directly from the website that hosts the collection. For example, this collection was made at 0 that 07 MDNA. Its floor price is 0 dot 45. Now, you need to understand that if you mean it, usually collections give there and if you were wallet on revealed indeed will reveal it at some days later after the meeting process has happened. And you would get, instead of concrete, anything of debt collection, the GIF, which is standard, and this means that the collection hasn't been revealed yet. These entities, as you probably know, have different attributes to them, and those attributes make them more rare or not. For example, let's take the collection of slapping image piece here. This one has some properties related to it. And these properties mixing more rare than not. For example, the bite of gold on the zebra dot 3, 8% have the street about the slot. These, these guy is pretty freaky rare. So he will be worth more than someone which is not that rare. Now, more on this floor price where this floor price ease eat, symbolizes the smallest amount of Ethereum debt can be given for an item of these collection. To see what is the cheapest NFP that you can buy on the secondary market on these collection, you can furthermore, click on buying now and then price low to high. And you can see that it is these ones. So you can rank now, sweep the floor as we would call it, meaning to buy the most cheap ones. So by the floor. And then the Florida would get to 0.459. We also call this florid thin or thick, depending on how many prices of the fluid there are. We can see that these forests theme, given the fact that only one bunny is sold for the floor price and then eat very addressed equally a sense, you can NCL, you were NFP on open to know which some, you should really sell it. You can go on to that collection and then to activity and sales. And see here the time. And you can check the latest time and check what price that item has been solved for it. If you really want to get rid of that NFP edit point, you can kind of cut the floor price. So either look at the list items sold or at the floor price and try to undercut a bit. So maybe take out 0.01 or 0.02. How does that floor price and then put yours for sale. And I guarantee you, especially if data collection has lots of volume that you are item will be sold pretty quickly. Now, these volume is another theme that you need to pay very close attention with because if you are not careful, you might end up with your NFP not being stalled because of the lack of volume. What this lack of volume means is basically dead people are not buying that collection. So you can see here on this graph, you are able to check for each number of steels volume and the average price for the DTFT. But another way to check the volume, you can just check, as I've said, that the activity and sales, and take a closer look at how many of these entities have been sought. Close to this moment, as you can see here in the list tower, there has been about 20 of these bunnies salt. So this is a very good amount of volume that you want to see on your collection before hopping and meetings and NFP army. But in more cases than not, you will not be able to see these beforehand on the if you are widely studied and you take part of a pre-sale debt is made available to you for 24 hours, in which you can mean so they can avoid guess, whereas then you can go on the secondary market and check out the volume before buying and still decide if you want to buy it or not. But more often than not, you will need to check out the hype of the collection before hint and decide whether you want to maintain it or not. But if you decide to follow my recommendations from the last lecture where I don't want you to check their Twitter and discord to followers, members, online members and also their engagement in the general chat, as well as on their Twitter posts. You should be pretty safe if you see solving numbers. They're also check if, as I've said, the NFP Bradley something you'd like to look at m1 like to own, that's another criteria. And also the people that are contributing to the project and the people that are creating the project. In their history, you can check that as well in order to see that project D serious, you can also check their roadmap to see if that project is not erupt ball and the RPP serious about their project. But as I've said, when you aren't going to use your momentum, ask wallet to buy an NFV from a collections website. If that website and the people that are behind it and if the project are not careful and don't take actual steps in order to avoid guess. Whereas it would be best for here to stay away from the project and not mimetic. And the reason why I'm saying that is because as I said, these NFP in our board with Ethereum. And given the fact that the model on which Ethereum works at the moment of dead time recording this video is proof of work in proof-of-stake. You need to pick CSVs for your transaction to go through. And that means that you need to pay a minor to actually help you make the transaction. So the transduction of you are giving the money to the creator in the crater, giving the NFP back to your wallet. You need to pay debt in gas phase, which is another amount of Ethereum that you are going to see when you are trying to buy something with your wallet. And it depends on how busy the network is at that point and how busy that website ease. And if that website doesn't take any steps in order to avoid the guesswork. Which means it will just say, now we're on which you can meet. And then the people that want to meet which you can imagine there might be a lot of trade to mean that exact hour. And at dead, except website got load and traffic of debt website at that particular time where when you are going to try to maintain as well will be huge, causing the gas price of your transaction to be very big. And the problem here is debt. If you do not give you enough guess to your transaction when you are trying to buy that NFP. Not only the transaction want happened because minor couldn't do it in time, also, you are going to lose that guest fee so you won't get it back. And if it is big, you might be managing that you're going to end up losing some money. And that's exactly why in general, these projects half-steps implemented in order to avoid guess, whereas they are coming to cut the launch into different periods of time. For example, the white least steep guys can mean whatever time date, the one-to-two in an interval of 24 hours. That is exactly the reason to avoid a guest fee which would be big dump best time when guests fees are low is the weekend. And you should try to mean to understand if you have the chance back with debt out of the way. This was about beat for this lecture. I really hope you guys got something out of it. You can again ask me if you have any questions here. I am available, poignant. I will do my best to respond in the quickest manner possible. But we did being said again, thank you very much for sticking with me up to the end of this lecture and I look forward to see you guys in the next point. 6. Make sure you get to mint: Hello guys and welcome back to these sleeping tutorial on NFP is where we learn how we can make profits by treating any fees or by maintaining them and then selling them on a secondary marketplace like open CIEs. In this lecture, we are going to take a quick look at how exactly we can make the project more efficiently and more error proof. Dan, just by heading to debt collections website and clicking the Refresh button up until their collection goes live. And then trying to mean there, how are we going to do this is by maintaining through the contract of debt collection. You may have heard these words in some of these courts where some of these collections put up their contract address. So you can also meet by contract, but not all of the collections do that. For example, dynode babies, which just released their collection a few days ago, deep not have the available option to meet to contract, but the Adidas originals into the metal various head the option to just mean the collection and then if d is to the actual contract address. So before we get into how you can exactly mint and collection to address opposed as from the website. I'm just going to quickly explain to you why this is a much better method to try to meet you and LFTs. Well, he's, the collection that you are trying to meet is very popular, which it should be for its volume and its hype and also its price to go up after the mean, then the website of their choice might be badly implemented or just from the huge amount of people that are trying to meet that project at that exact moment, their website at the specific moment of mint might go down. And I had this happened to me at the release after my pet hooligan collection. You may relate to debt and it was not define experience because everybody mean td to contract. And by the time I was able to rephrase the website and for it to load to me, the whole collection was already gone, sold out, so I could not meet it, but I still could have made some profit because after the public sale, the prices went all the way down to 0 dot t2. Then if I would've body, then if we check out the collection, you can see that they're floor price even after refill. Now we 0 that 45. So that would have been very quick to x on my money. But that is the main reason why you would want to mean through the contract. Because meaning to the contract, as you will see right now, is not dependent upon their website and their implementation of website. To me through contract. Let's take the example of Sheba social club official collection. They also had their own website where you could have meant in this collection. And you could have gone there and mint it. You could have also mean to be through contract. And that contract is basically a wallet address of the collections owner, let's say, and how you get disease either by contacting their members on this coordinate, asking them or looking into the frequent asked questions section or if the collection already had a pre-sale, you want to meet on the public sale or just has any items displayed on OPC, you can go to one of the items and then click on Details. And as you can see, the contract addresses here. So what you need to do is click on it. This will open that exact contract address into ether scan. And here you are going to be able to meet through this contract. And the next step here is to go to contract, which also has these blue the because it is source code verified. And then to meet, you're going to have to go to write contract. Then if you see these red dots connect to web three, because you were MetaMask wallet is not connected to these websites or you are going to have to do that in order to meet. Once you connect it, then you are going to see all these 18 sections and don't be worried about it because It's only one section that we are going to need to handle and deal with out of all of these and the fourth one domain section. And here you have two fields, mean and count. And as you can see in one, you should write how many items you want to get, how many entities you want to get in that exact transaction. In the count field, you need to write this and in the mean field you need to put the total amount of Ethereum. If you are going to pay for those items and you're going to need to do describe based on the price of these collections. So for example, if item of this collection is 0, that one, and you want to meet one, you can put here one and then here 0 dot one. And if you wanted to meet two of them, you need to put here too. And then here the total which is going to be 0. That too. After that, you are just going to click on right. At the exact moment when the collection is going to launch. Here, you need to keep in mind that if the collection is not launched at the moment that you're trying to write this contract. The way you are going to see this ease that you will give v is going to be the roofs are very high. Guess we means that either the collection is holdout. You are not able to meet as many as you want, or the collection is not yet light. You also need to respect the maximum units that you can meet at that exhibit seal because most collections have these limits. For example, they might say for the pre-sale, you are only able to mean three per wallet. And for the public sale F5, or they also have limits on transactions and limits on wallets. So you can buy only 200 and section but foreign wallet. So you need to make two transactions of two if you want to meet all of those, add that specific scenario. But this is pretty much the way in which you can mean to contract. Again, once you click right, you are mathematics while it will pop out at the right top of your screen just like it would if you would mean on that specific website address. And this way you are not going to be constrained by the implementation of website and the amount of people that might get there and crash the website as a consequence to that. Also, as I've said, at these huge collections that have a very big hype, There are most probably going to be getting worse, especially on the public sale. And that means that the gas phase is going to be through the roof, but still not as big as if the collection would it be live? So if the collection wouldn't be live, or also if you do not have enough money on your mathematic wallet to meet, the gas phase is going to be actually huge like 15 grant or something like that on against where it might go to a 1000 or two. And you have to keep that in mind because the wind, I guess, where you also need to increase the amount of guests and the max way that you are willing to spend on that transaction. And again, if it doesn't go through, you might lose that guest VM or more specifically a part of it. Usually, I actually tried to mean to the diner babies and wasn't able to and I lost $16 out of debt guess fee, which I think I got lucky. I've just losing that small amount, but that's just my experience cell take it with a grain of salt. But the other thing that this was about the way in which you can mean contract through either scan, as I've said, to be dependent on their website. I hope this is going to be useful for you and you are going to mean more projects using the strategy tends to this tutorial. Thank you very much for sticking with me up to the end of this lecture. And I look forward to see you in the next one. 7. More tips: Hello guys and welcome back to this tutorial where we learn how we can make daily profit using non-fungible tokens. In this lecture, I will give you a few extra tips that will help you maneuver in the NFP space, either fits at the beginning of your journey or if you are more advanced, these steps will make sure that you keep going, gone in the right direction. So the first tip that I wanted to get to you is that you would ideally want to look in the future at blue cheap, established NFPA, because they are much more likely to increase in price in the future then too deep. And when I talk about blue-chip and FDA's, of course I talk about the board apes, but I understand it's quite an investment that a few people are willing to make. So you can also look at quality collections like my pet hooligan that aren't not really that expensive. Crypto bull society is a good one as well. Cool cats and so on and so forth. And why these very established and empties will not deep in the future. It is because when someone buys an NFT for that three or five Ethereum, they're much more likely to want to sell it for a quick flip or to get their hands on some liquidity and in order to meet another project may be that is going to drop soon and that flip that one as well in order to make further profit. But if someone is investing ten to 15 in a project, they are limit for the long term. The next tip that I would give you is that the price of NIST's goes against the price of the crypto currencies at a specific point in time. What this means is that if Ethereum goes up, the NFT price will drop. And the other way around also, when it comes to these cryptocurrencies that you are NFP keys are built on top of. You need to keep in mind the volatility of Ethereum and Selena. And when they have a deep in price, may be cheap in and buy some ads that will help you get more funds for buying any lefties at the bargain. You can go ahead in your mathematic wallet and buy it from there. If you do X, the IQ EVM on an NFT, the queue flip, and also the Ethereum price doubles from our two-part it for you. We'll actually make a foreign ex gained that is quite crucial for you. Now the last tip that I want to give to you is that open she actually has a floor price glitch. When the NFP collection is actually dropping, MDP is populating on open seat from the wallets of the people that mean did. And what happens is that the floor price, besides being showed here as we already know, it will show up as the list item price in the Items tab. And what you are going to want to do if you decide to buy on the secondary market like open, See, you are going to want to buy the Flores We discussed. And how you are going to do that is to go to status of buying now. And then of course the price should be low to high. You are going to click on by now. Because if you don't click on it, it will also show items that only have offers on them and they will show before the one that actually are put up for sale. Here is the glitch because sometimes the floor price and item with the floor price remains glitched here even though it's being sold and you will try to buy it, thus, wasting time that you could have used in order to actually buy the floor price at that moment. And how do you avoid that glitch is to go on to activity. And then here, the basically aren't shown in a timeline manner where they showed the most recent ones that have been put forward sale in our case. And when you see a good price that is lower, and also some people undercut the floor here by a lot and you could get great deal nightstand items. The way you would want to filter them here is to just click on listings because the sales were the one that happened. And here the listings will show up, as I said, decrease in time order. These are the list listings, of course here. Now even though these collection isn't revealed yet, the drop happened and the volume slowed down. But when the public means just happens, these volume will be huge and a lot of these things here will be shown. And you can snap some because as I've said, some people listed for a lot less than the floor price or even if they do list it at a floor price, you can go ahead and quickly click on it and then buy it then for that amount, thus obtaining a very good deal. Also, as I said, you should look before you mean at the volume of the project that is shown here. You can see the 90-day volume and also the 90-day average price. The volume is how much quantity of 50 collection in the form of Ethereum has been sold in a set amount of time and with a bigger volume, the NFT collection is more and more promising for you to make profit on also debts. Why on open sea, you can see that the top collections over a set amount of time are shown by the volume that they saw. And this is the volume here. This is the amount that the floor has changed. And also you can see the floor price disease and more of a new update that opens he made lately. So with that out of the way, this was about it for this lecture where we learned a few extra tips that will hopefully help you when entered in DNF DSpace. I really hope you guys got something out of this lecture. I thank you very much for watching it to the end, and I look forward to see you in the next one.