Zain 'Immortal' Khan

Posted on Jan 11, 2022Read on Mirror.xyz

4 Lessons from One of the Most Well Known NFT Investors (growing a portfolio 500%)

Last year Zeneca_33 started the 1ETH challenge. He would start with a small bankroll of 1 ETH (~$4,000) and see how much he could grow it.

He took that 1 ETH (~$4,000) and multiplied it to nearly 5 ETH (~$20,000) before we saw the major correction near the end of 2021. 

Here are some of the lessons he learned along the way. 

Early Information is King. Live on Discord & Twitter.

You can't keep up with everything in the NFT space. You need to focus on your niche. Then, find all of the relevant sources of information on Twitter & Discord around it.

Zeneca’s underlying success was in keeping a close eye on community sentiment around projects on Twitter and Discord.

How can you do that? 

  1. Look at the accounts Zeneca follows and add all of the relevant ones to your own Twitter NFT list. 
  2. Read Zeneca’s guide to discord and learn how to scout informational channels to keep an eye on.

#1. Always be Liquidating. Momentum is key. 

With a small amount of money to invest, you need to focus on consistency over home runs. 

  1. Whenever you can take a 20%+ return on a flip, do it. Just make sure where your next investment will be. 
  2. Every day you hold on to a project hoping for it to go up, is a day you can’t invest in another project that might net you another 20-30%. 
  3. One of Zeneca’s biggest mistakes was getting over-excited about an NFT that was 45% of his total portfolio. Leading to him having to heavily slow down his investment momentum. Don't over-invest your bankroll on one project.

#2. Bid Below the Floor Price on a Wide Spread of Projects

One of the best ‘slam dunk’ ways to flip a small bankroll up is to convert your ETH to WETH on OpenSea and make bids on lots of items at well below floor price. 

  1. Find collections that have stable floors & bid 20-40% below the floor price. 
  2. The more bids you place, the more likely you are to have one hit. 
  3. Just landing one hit here will mint you a significant return. 

#3. Look for Stable but Thin Floors for an Easy Flip

  1. Keep a daily eye on the floors of trustworthy projects.
  2. Find 'thin' floors; meaning buying a few of the bottom-priced NFTs would significantly raise the minimum price of the collection. (~.45 ETH -> ~.6 ETH)
  3. Buy up the ‘thin’ NFTs and reprice at the new floor. Easy 20% returns. 

Using these strategies, Zeneca was able to take a 1 ETH (~$4,000) stack and bring it to nearly 5 ETH (~$20,000).

Follow the lessons learned and go make your own gains.

NFT