How I successfully sold NFTs at mint price and made over 1 BCH profit

Curious to know how possible can someone make a profit from an NFT sales at the mint price? If yes, then you have read right. Let me explain to you all how it is possible and how one can easily sell NFT and make some profit even at the mint price.

NFT can be a good way of saying your crypto portfolio from the effects of volatility and give you continuous pump especially if the NFT project is solid with excellent use cases. NFT projects with their native token with a strong tokenomic should give you peace of mind and protection from drops in value. This is because the higher in value of the native token the more valuable the NFT becomes, and if the NFT were minted with its tokens, the token value becomes the basis of valuing the NFT.

There are several NFT projects currently building and selling on the smartBCH network, among others, only the Joystick project has successfully implemented the minting of their Joybot NFT with a native token so far. This has led to continuing increase in the value of the NFTs due to the increase in value of the Joy tokens.

Now, let me tell you how I sold my Joybots NFTs at mint price and made some great profit.

My first step was to find the NFT which is easiest to buy and sell with the least risk of losing. A good friend in the smartBCH community convinced me to buy the Joybot NFT, stating that the Joystick project has a strong economic model in which the native token gives value to the NFTs while the NFT also helps the tokens to gain stability. Moreover, the Joystick project is a gamfi project and anyone who wants to play a game on the platform must have one Joybot NFT. That means the Joy tokens will keep being sorted after.

That sounds like a good enough reason to invest in the Joybot project and I thought could stake them to get a good return on my investment. So I bought 5 Joybots NFTs at 500 Joy tokens each at $0.05 per Joy token at the time, which makes me spend about $100 or 0.3 BCH for the deal.

I staked my Joybots immediately with the hope that I will sell my NFTs at a future date, even if that means I have to wait for months. Two weeks ago I noticed that the Joy tokens have shot up from 0.05 to 0.15, and the price per unit started increasing rapidly. That was my sign to sell my NFTs, and by the time I listed my NFTs the price of $JOY was already $0.25.

I listed my NFTs at the value of 500 Joy tokens using the market price, a total of 0.3 BCH per Joybot NFT when converted. 500 Joy tokens were the mint price of one Joybot NFT at the time I bought them in the primary market. Now that the value of $JOY is $0.25, 500 JOY now equals 0.3 BCH, which was the total sum of my investment in joybots.

I sold out all my Joybots in two days with more than 1 BCH profit. The total amount I sold for one was 0.03 BCH equivalent to $135 at the time which I quickly swapped for 520 Joy tokens because I see potential in the tokens more than the NFTs. The rest of the sales I made in my hands at 1.2 BCH equivalence to $365 at the time of the deal. That was a huge profit to be happy about.

Now, why did I sell out my Joybots at mint price instead of a higher amount? I decided to do so because I think Joybot NFT is becoming too expensive to mint, and many people are not taking interest in the mint anymore. This could mean the NFTs that are yet to be minted would never see a strong value appreciation. Moreover, I am not a game player on the Joystick club, hence there is no need whatsoever to hold the NFT when I got the chance to cash on them. This is the reason why I sold out my Joybots NFTs, but I am not done with the joystick project yet since am still holding the Joy tokens.

I think this method of cashing in on NFTs can also work on other NFT projects that have strong marketing vibes. The important thing is to know your entry point, that's the value of BCH at the time of buying the NFTs at the primary market. In this case, if I buy NFT at the primary market at 0.05 BCH when the market price of BCH is $300 for example, and sell the NFT at the same mint price but now the price of BCH is $350, I have made a profit in dollars which I can convert to flexusd and wait for a chance to buy back the BCH to receive my profit.

The drawback in the above case is that it will require you to wait for some time before cashing in the profit and not everyone has such patient nature and this might be a deal-breaker for some. This is just a suggestion and not a recommendation.

If you have bought joybots from the primary market about a month ago you could make a good profit if you are willing to sell them at the mint price. If you are willing to wait more, you might wait much longer but the return for selling now is also great.

In conclusion, I think it's wise to research NFTs projects properly to see what they could do before investing too much money in them. Also, pay close attention to when is the best time to sell. Remember that some NFT projects without strong and well-marketed marketing can disappoint investors in a worst-case scenario.

As a small investor, you shouldn't be too concerned with much profit. You should be more concerned about your investment strategy and how you can benefit from the investment. My own experience tells me that I am not comfortable with high-risk investments, therefore you should be as well. Do your due diligence on every project and only invest with some confidence in their marketing campaigns.