JV partner sought
I was prompted to create this new topic by @BillNguyen.HTC post linked here.
Not directly related to Forex, nor to Altcoins, but a topic that is a subset of Crypto market that I would describe as a potential “NFT trading” situation that uses the same set of skills that Babypips members learn to use in seeking currency trades more likely than not to be profitable.
The NFT market, and more specifically the market for NFTs that are intended to have an income-generating use case is quite new. It wasn’t until November that I understood why people pay a huge amount of money to buy an NFT, but once I understood that I quickly bought up 11 NFTs in the first part of December, and proceeded to buy a further 4 at the end of December, and another 2 today.
I am totally not interested in buying NFTs for which I cannot see a case for income generation - in my mind presently, that is tantamount to gambling.
I am only interested in identifying NFTs that have an income use case, and for which other market participants may not have determined a pricing mechanism to establish “fair price”.
What I do know is that there already exists a market that is growing far faster than the crypto market itself, and for those who understand this market and can develop a mechanism for tracking and trading such NFTs, there is a potential for profits that would at least match those currently available in crypto trading.
I’ll stick my neck out here. My target would be to generate between 10% and 20% per month of my invested capital.
I have a business proposition for someone of a mentality that aligns with this idea, with more time than money. I have asked folks close to me about this but they haven’t got a clue what I am talking about so I thought I would reach out to the broader Babypips community to see if I can garner any interest here. Despite my love of Forex and crypto I too have limited time for 3 new ideas I wish to progress in 2022. This is one of them that would present path of least resistance to early deployment. But I need help.
I happen to think that anyone happy enough to spend hours and hours pouring over charts to find setups to make some additional income in their lives could do far better doing the same thing but in spending some of that time looking at mis-priced assets.
I will not go into any further details at this stage since I am only trying to gauge if there would be any interest at all in this field. Whether from one or more potential partners.
To be specific, it is my intention to spend up to 10% of my time in the next two months dedicated to mis-priced NFTs, as a plan to deliver trading income from my recently found interest in NFTs.
What do I have to offer for a JV?
- A rapidly deepening appreciation of new crypto assets
- An ability to manage complex projects, specifically identifying dependencies, interfaces and governance
- Committed to obtaining formal certificates of qualification for all things blockchain and crypto
- Funds available to allocate to speculative investment in NFTs for the purpose of swing trades.
- A willingness to negotiate profit share on a completely open basis to agree a Heads of Terms of JV
What I am looking for in a potential JV partner.
A partner or partners who are willing to commit their time with no guarantee of income, but no risk of loss of funds.
- Someone who is not afraid of hard work.
- Someone who can create a methodology or process that can be trialled by backtesting, even if manually, and can be forward tested in terms of optimising lifecycle of a swing trade.
- Someone who aspires to creating something new where their future income does not depend on the number of hours they work
It is unlikely to attract anyone who already earns over $50 per hour, unless their motivation is diversifying to other sources of income AND they are willing to commit the research and development time.
Need to be willing to sign a NDA (non-disclosure agreement) that protects the IP interests of both parties (intellectual property)
It’s a great time to think about your 2022 plans. It’s the first working day of the year.