NFT Butler

Becoming a better Bidder

Bidding Best Practices

  • Define your risk and make sure you can still profit even with the maximum bid price
  • Patience is key, you might not always be the highest bidder but you can still end up there when other bids are accepted or expired.
  • Use looping to refresh your bids relative to the floor price
  • Set hardcap bid price to put a red line if a collection get's swept (and will likely drop again later on)
  • Use validity times of 15-30min on CTO and something between 1-6 hours on token bidding tasks (depending on the size of the task, usually we calculate 1 hour per 1000 bids)

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