How I Started with NFT Investing: 7 Lessons for Beginners

NFTs sounded like a goldmine—digital art selling for millions, people flipping jpegs like real estate. So, I jumped in. I was curious, hopeful… and completely unprepared.

In this blog, I’ll walk you through how I got started with NFTs, the mistakes I made, and the strategies that finally helped me stop losing money.

Whether you’re a total beginner or someone who just minted your first NFT, I hope this saves you some time (and Ethereum fees).

1. I Started Small (Like, Really Small)

My first mistake? Trying to "ape in" with expensive collections. Instead, I should’ve done what worked later: buy smaller, lesser-known NFTs to observe market behavior without big risk.

2. I Researched the Project, Not Just the Art

Pretty images mean nothing if there’s no roadmap or utility. Now I check:

• Who’s behind the project?
• What are they building?
• Do they have a legit Twitter and Discord community?

3. I Joined Discord Groups Before Buying Anything

Some NFTs look amazing, but the communities are dead. Now I join the Discord and watch conversations for a few days. If it’s spammy or inactive, I skip it.

4. I Avoided FOMO (After Getting Burned by It Once)

I once bought an NFT just because everyone was hyping it. The floor price tanked in a week. Now, I wait 24 hours before buying anything impulsively.

5. I Learned to Use Tools

Tools like:

• Rarity.tools
• Nansen
• Opensea Rankings

It helped me analyze value and spot trends instead of relying on hype.

6. I Diversified Outside Just PFP NFTs

Profile pictures are fun, but I found more value in:

• Gaming NFTs
• Utility NFTs (that offer real-world perks)
• NFT-based memberships

7. I Focus on Long-Term Value, Not Just Quick Flips

Chasing quick flips was draining. Now, I only buy projects I actually believe in and would hold long-term, even if the value dropped short-term.

Conclusion

NFT investing isn’t just about luck—it’s about learning, observing, and evolving. I made mistakes early on, but each one taught me something. If you’re just getting started, take your time, research deeply, and never invest money you can’t afford to lose.

FAQs: 

Q1. How did you get started with NFTs?

I started my NFT journey with a lot of curiosity and confusion. I had seen the hype, heard about the massive sales, and thought, "Why not try it?" At first, I made a lot of mistakes, but over time, I learned which strategies work and which ones don’t.

Q2. What was your first NFT purchase like?

Honestly, it was a bit of a rollercoaster. I bought a PFP (profile picture) NFT thinking it would skyrocket in value, but it didn’t. That was my wake-up call to be more cautious and to look at the utility behind the NFT, not just the art.

Q3. How did you avoid common NFT scams?

I’ve almost fallen for a scam, but thankfully, I did my research before clicking the “Buy Now” button. I always make sure the project has a verified team, an active Discord community, and clear plans for the future. If anything feels off, I walk away.

Q4. What tools do you recommend for NFT beginners?

I wish I’d known about Rarity.tools and Nansen when I first started. They gave me the tools to spot trending NFTs and compare rarity scores. I also started using OpenSea Rankings to track popular projects. These tools made my investment process way smoother.

Q5. What’s the most important lesson you’ve learned about NFTs?

For me, it was to think long-term. At first, I was focused on flipping NFTs quickly, but now I focus on projects that I believe in and that will have value in the future. It’s all about finding something with true utility and a strong community behind it.

If you have any further Queries, feel free to ask on WhatsApp:

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Author Bio

Areeba Khan is a fintech researcher and crypto analyst and has 7+ years of experience. She writes in-depth case studies and strategy breakdowns to help new investors understand real market ups and downs.