After a pretty long debate I’ve come to see that maybe it is the best way forward for me. I say that as someone with zero NFTs as of a month ago, ive always seem them as junk, and I still believe they are junk.
But I believe they are safer than altcoins! And even ETH, which could easily drop to $700.
So my strategy as it stands now is this:
**NFTS: FOR MAKING MONEY ACTIVELY**
* **Attributes**: For example, The otherside NFTs: a whole lot of money to be made here. The floor is generally about 2 eth, but there are many special ones which fetch approx 20 eth, and since so many market participants dont know what they’re doing, and just sell for floor, all we need to do is watch the market, and place bids on ones with desirable attributes.
* **Blur/Opensea Arbitrage**: All day long, there are difference between floor prices, and while you may not get rich like SBF infamous Kim Chi Premium, money is definitely there to be taken, given the inefficiencies of the market,
* **Keeping an eye on new, low priced, high potential NFT drops:** A no brainer. But must be met with plenty of due diligence and caution. We are not looking to get rugged. My favourite strategy is seeking out global brands who are just entering the market. For example, yesterday I invested 0.01 ETH in one of the NFTs from skincare brand Clarins ([ . Its already in profit if i sell, and heres the kicker: these brands are not looking to make money, they are looking to add value to their brand, I even have been requested to provide my address for the delivery of complementary skincare pack. One for the wifey!
**STAKING/DEFI OPPORTUNITIES FOR STABLECOIN YIELDING REWARDS**
* Again, self explanatory, and again, we are not looking to get rugged ALA UST/LUNA. So Keep it reasonable, There are definitely “zero or very low risk” opportunities for earning money with stablecoin holdings, DYOR. Personally i’ve been using [ for the 21% yield on USDC and DAI. But part of yield farming is acknowledging that yields change fast and for many factors, so the moment there is a better opportunity, I will withdraw my funds and stake or provide liquidity elsewhere (after ensuring they are a safe option)
Whats your opinions on thes ideas, lets discuss and whats your own strategies during this uncertain times?