What is
Buying and quickly selling an asset for profit. Common with NFTs and new token launches. Contrasts with 'hodling' for long-term gains.
Flipping in crypto refers to buying an asset with the intention of selling it quickly for a profit, rather than holding long-term. It's common with NFTs (buying at mint and selling immediately at higher prices) and new token launches. Successful flipping requires timing, market knowledge, and accepting higher risk. The opposite approach is 'hodling' - holding assets long-term regardless of short-term price movements. Ergo's community tends toward hodling philosophy, valuing the technology's long-term potential over short-term trading.
Understanding trading terminology
Comparing trading vs holding strategies
NFT market participation
Short-term trading approaches
Flipping strategies often target: NFT mints (buying at mint price, selling at floor price premium), new token launches (buying early, selling the initial pump), and arbitrage opportunities between exchanges. Success depends on speed, information access, and market conditions. Transaction fees and slippage can eat into profits on smaller flips.
Common questions about this topic
Ergo supports a full ecosystem: trade on Spectrum DEX, use SigmaUSD stablecoin, mix transactions with ErgoMixer, collect NFTs on SkyHarbor, mine with GPUs, lend/borrow on DuckPools, bridge to other chains via Rosen, and build dApps with ErgoScript. It's a complete platform for decentralized finance and applications.
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
Ergo NFTs are native tokens with quantity of 1, making each unique. Unlike Ethereum where NFTs need smart contracts, Ergo NFTs are first-class protocol citizens. Mint for minimal fees (~0.001 ERG), trade on SkyHarbor marketplace, and enjoy full eUTXO security. NFTs can include rich metadata and royalties.
Ergo miners earn from three sources: block rewards (newly minted ERG), transaction fees, and storage rent. Block rewards decrease over time according to the emission schedule, but storage rent ensures long-term income even after all ERG is mined. Most miners use pools for consistent payouts.