EPISODE · Sep 29, 2022 · 25 MIN
10 Ways to LOSE Money with NFTs
from Nifty Business Show
Influencers often give financial advice that is labeled as "NOT financial advice". However there are 10 ways that will virtually guarantee you LOSE money with NFTs. This list will hopefully help at least one person not lose big. Below is the order of the tops discussed:Listening to influencers that solely work on commissionNot researching foundersFOMO into the top of the marketChasing hype, not fundamentalsImpatienceChasings rarityOverleveragingNot having any liquidityNot protecting assets hardware walletsNot staying in the loopMentioned:Sunk cost fallacy: https://youtu.be/AFPgxIJHxsE
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10 Ways to LOSE Money with NFTs
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