Is $100 enough to buy NFTs?

[friedrice_warrior97]

Hi guys!. I currently have $100 and have a plan to buy and flip NFTs. Do you think 100 bucks is enough to get started to buy my first NFTs?

 

[Hawkeye Digital]

100 Dollars is okay , cant say that you can get an good one , but surely gonna make some profit outta it , but min is 2 - 3 k investment !

Plus I have about 500 budget , can anybody suggest me which ones to get ?

 

[Borderless Hustle]

You can but flipping them would need skills. It's not that easy as it sounds. Buying something for $100 and then convincing someone so that their perceived value of that thing becomes $500, that is not going to be easy.

 

[WeedandEat]

You should check out diffrent blockchains and their projects. NFTs on ETH are really expensive so It may be really hard to find things with 100 bucks. I recommend checking out WAX but do your own research before investing.

 

[sandeep_1207]

people are just selling scrap in nft marketplaces dont know what is happening

 

[seomaster5]

There are cheap nfts also, you can find them on binance. Profit though depends on invested amount so you will make less profit.

 

[mindmaster]

You could.

Choose wisely. Most NFTs crush hard or are pure scams.

 

[adornoad]

For example OpenSea has both Ethereum & Polygon. Ethereum fees are most of the time crazily high , so with a US$100 as a start , you would ideally buy in OpenSea's Polygon network or an NFT marketplace with Polygon or a network such as Polygon in which the transaction fees are low.

 

[MisterF]

You could.

Choose wisely. Most NFTs crush hard or are pure scams.

This ^. Do your research before spending your money.

 

[Thunder Digitals]

It depends on the projects. Now Good projects start with 0.1-0.3 eth.

Because if you buy the cheap NFT and then you can't resale it then it is no use of it.

So it's better to buy a better projects' NFT whose resale can be made.

 

[indianmojojojo]

100 usd is like 1.1-1.3 SOL

Most sol projects set their mint price to 0.5-1.5 sol per NFT

You can probably get into some new project mint and then flip. Its a gamble and there are a lot of rugs.

DYOR. All the best

 

[njack]

You could in theory, but you're better off making more money first and then trying imo

 

[Alexion]

Do you have that $ 100 physically?

Get a $10 paper bill, and burn it.
Watch it burn, pay close attention.

After it's done burning, take notes on your notepad.
Write this: "This is what happens when you invest in NFTs"

Congratulate yourself for still having those $90 left. Enough to invest in a Thailandese ladyboy!

 

[KriscoVA]

Should be enough if you can get whitelist

 

[Crescitaly]

You can but you have to choose the right project carefully

 

[nickson]

Do you have that $ 100 physically?

Get a $10 paper bill, and burn it.
Watch it burn, pay close attention.

After it's done burning, take notes on your notepad.
Write this: "This is what happens when you invest in NFTs"

Congratulate yourself for still having those $90 left. Enough to invest in a Thailandese ladyboy!

Your comment didn't make sense.if there's no advice keep it to yourself.that will be better

 

[norhirah]

$100 is enough to start..
Finding a good project is the hard part..

 

[xReminisce]

You can find some decent sol NFT project for under 1 SOL
so yes, its possible.

 

[awesomewebsites]

There are cheap NFTs but you have to buy on launch date.

 

[onlinemarketer12]

It is possible but you want to achieve with this. The returns made on investment will be low as very less interest is there in such NFTs.