Are people buying their own NFTS to drive up prices?

The NFT marketplace is rife with people buying their own NFTs in order to drive up prices, according to a report released this week by blockchain data firm Chainalysis. Known as “wash trading”, the act of buying and selling a security in order to fool the market was once commonplace on Wall Street, and has been illegal for nearly a century.

What's the difference between a trader and a sales person?

In years past traders exclusively managed risk, while sales people exclusively managed client relationships. So, a client who wanted to do a trade - say an equity derivatives trade - would call up the sales person they know on the equity derivatives desk and ask for a price on the product they were looking to trade.

How do you sell yourself?

Tell a convincing story. The best way to sell yourself is to tell a story — but not just any story. As author and leadership expert Simon Sinek said in a TED Talk, "People don't buy what you do; they buy why you do it." So reverse the order of the information you deliver; don't start with profit.

Do you need a sales trader?

However, over the past ten years it's been recognized that for some types of smaller and less complex trades there's no need to have a dedicated sales people and traders. Instead, a sales trader will talk with a group of clients that they cover throughout the day (on Bloomberg and by phone).