My first NFT flip – this weekend I sold two cartoon ape NFTs for $16,000

Well this morning was an interesting one. I woke up, checked my email, started drinking my coffee, when a friend of mine sent me this DM on Twitter:
I did a double-take. Did I sell an NFT over the weekend and not even know it? This weekend I actually took a little Twitter break and enjoyed some R&R with friends in Berkeley on Saturday and then spent the day with my Dad for Father’s Day on Sunday. What did I miss in two days?
I quickly opened up Chrome and took at look at MetaMask – $16,000 was in my wallet. Wait, that’s more than 4.5ETH, what’s going on? So I popped over to OpenSea and was excited to see that I had just sold my first two NFTs, both apes from Bored Ape Yacht Club, one that sold for 4.4ETH, the second which sold for 4.5ETH.
I have four apes total and these were two that I was open to selling, hence the pricing. As a numbers guy I had to do the math, so here it is:
Purchase price: 1.309ETH
Sale price: 8.9ETH
Profit: 7.591ETH
Hold time: ~1 month
For those doing the ROI calculations that’s a 579% ROI in a month, off of two cartoon ape JPEGs – what a world we are living in. Just like I do in the domain investing world, when I sell an investment I always like to re-invest some or all of my profits. In this case, to start with I decided to buy another Bored Ape, this one with a much better rarity score than the other two that I sold.
So I’m happy to introduce you to the newest member of my ape fam, Bored Ape #569 (rarity score of 2323). Fun fact, 23 is my lucky number so the 2323 was hard to resist.
Now there’s one additional facet to this story that’s important to share. As many of you know, ever ape owner had the chance to mint one dog for each ape in their portfolio. I did not mint dogs for the two apes that sold, and that’s okay, I don’t think they would have sold if I had. While I could say, “I should have minted the dogs!” It’s hard to feel bad about a 579% ROI and I do think if I had minted the dogs, these wouldn’t have sold.
While I’m a HODL kind of guy with domains, crypto, and NFTs, I also think it’s important to book some sales, re-invest, and keep growing the portfolio. Also, I feel like it’s about darn time that I see some ROI on my NFT investments and waking up to $16,000 today felt pretty damn awesome.
Here’s to the journey ahead, it’s pretty clear there’s something very special here.

Source: https://morganlinton.com/my-first-nft-flip-this-weekend-i-sold-two-cartoon-ape-nfts-for-16000/?utm_source=rss&utm_medium=rss&utm_campaign=my-first-nft-flip-this-weekend-i-sold-two-cartoon-ape-nfts-for-16000
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper -
Bioavailable Copper
destroys
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans
out
toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification,
mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter
radiation by 96%! (See Video)
