Are NFT Tokens a Good Long Term Investments? - page 10.

Hypnosis00

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?

There are a few NFT tokens that are worth investing, however, holding them so long couldn't be the guarantee to make more profit. In the case of seeing the sentiment that NFTs are just falling down slowly, we'd rather trade it before it goes down.

Yes, NFT projects are made in a hype. We first see them at a high price which is eventually worth trying but unfortunately, they are not looking good this time seeing them decline, and the majority of these projects become scammy.

2lica

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It's still early to be said, the NFTs are young asset still.
If you're planning on investing or wondering if you should hold an NFT - again, you should evaluate the project , the team behind and if those NFTs brings you any benefits themselves or they are just visuals.
Since a NFT that brings added value, not only artwork, is way more valuable. Considering the added value of it and if the project is legit (and the team behind it) will give you brighter point of view of it's actual price and potential of it.
My opinion about the game NFTs is that after a while they all crash in price. You can still make some nice flips on them tho Roll Eyes

pawanjain

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Nothing lasts forever

Quote from: isaac_clarke22 on March 18, 2022, 01:59:42 PM

Quote from: pawanjain on March 14, 2022, 09:43:39 AM

~

I am not a NFT holder but most of my friends that played NFT games are now selling off their NFTs. I do not have any full information about the game, but it is getting hyped a lot in here.
And of course, you got in airdrop and you did not pay for anything so it would be obviously no risk in the end.
3-5 holding of NFTs is a bit.....too long and I wouldn't advise that long for many people.

Well, we can imagine what would be the future of NFTs since the people playing NFT games themselves are selling their NFTs.
Obviously it's all just a hype for NFTs these days but eventually when the market matures enough may be then the dust will settle down.
It will be at that time where we can say whether the NFT era has come to an end or will bring a new revolution in the internet.

isaac_clarke22

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Quote from: pawanjain on March 14, 2022, 09:43:39 AM

~

I am not a NFT holder but most of my friends that played NFT games are now selling off their NFTs. I do not have any full information about the game, but it is getting hyped a lot in here.
And of course, you got in airdrop and you did not pay for anything so it would be obviously no risk in the end.
3-5 holding of NFTs is a bit.....too long and I wouldn't advise that long for many people.

lenovop-70

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I think that what being hype suddenly is is not good for long term investment, it's not normal IMHO. The market will bubble big without any good support in it, and of course it will shrink suddenly too, so be careful, NFT's token are still new, and they need to take root before they develop. Be wise with what your choose to investing.

cryptolukey2000

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Gaming tokens yes, these tend to be some of the best utility tokens and have reason to up in value over time! I think we're slowly moving away from the art projects that offer nothing long term, P2E gaming is becoming a giant in this space. If you're looking for somewhere to get started when it comes to gaming tokens, check out NFTshootout! This game has extremely high potential 🚀

rozak

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Quote from: pawanjain on March 14, 2022, 09:43:39 AM

If you have received the NFTs for free from airdrops then you can consider to hold it for a long term since there's basically no loss you would encounter just by holding it.
But if you are planning to buy NFTs and then hold it for long term then that can be a potential risk.
I would never prefer to hold a NFT for a long term. Maximum I might consider holding for 3-5 years if the NFT has a strong potential but otherwise not.
I consider NFTs a short term hype and while these provide a good way to earn money in the short term holding them for a long term is kind of risky to me.

The NFT market that is formed today is mostly based on the hype that is going on. there is no solid strength to see these NFT assets in the long term. but it will be different if the NFT has a product and usage value like the NFT that we get from the game platform. their market tends to be better than NFT which is just a collectible asset with no clear use-value of the product.
it is possible that the NFT trend could end at the end of this year.

pawanjain

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Nothing lasts forever

If you have received the NFTs for free from airdrops then you can consider to hold it for a long term since there's basically no loss you would encounter just by holding it.
But if you are planning to buy NFTs and then hold it for long term then that can be a potential risk.
I would never prefer to hold a NFT for a long term. Maximum I might consider holding for 3-5 years if the NFT has a strong potential but otherwise not.
I consider NFTs a short term hype and while these provide a good way to earn money in the short term holding them for a long term is kind of risky to me.

marcous

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Quote from: ?? on ??

"I can't say that holding your NFT for long is the best".
But if by holding NFT you can get profits in the near future why should it be in the long term?. I think whenever there is a profit in your investment or trading then take it, whether it is long term, short term or medium term.

The popularity of NFT in the past may have captured the attention of investors and traders in a short time, but over time I began to feel that NFT is not so hype anymore so it is true as you say that there is no need to hold it for the long term with the lure bigger profits.

Quote from: ?? on ??

We must understand the condition of the coin that we hold whether it has good prospects in the long term or not, if we don't know this, it could be that in the long term the coin just disappears in the market, and makes us lose keeping the coin, many NFTs have good movements long term, but we have to check carefully, that they are worth keeping, if the belief and analysis is there, then we can make a decision to save in the long term or use a short term pattern

Do you know what NFT is? because NFT is very different from coins that are usually stored by many people, because NFT is more of a private and specific collection that is bought and sold by certain people on the market or through certain platforms, not like coins on the market.

worle1bm

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Giving out tokens due to promotion scheme doesn't make project sound enough to survive in the market as most of them will raise the funds and rug pull the holders as we have seen in many cases.People are investing without any prior research based only on hype which is not good at all.First of all take look at the roadmap of project and their utility in long run then invest wisely.

bussybuddy

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?

The hype about it is everywhere. It's good for you to be able to make a profit with those. Personally, I find that long-term investment needs to balance the ROI factor as well as the risk associated with that project. And good or bad, it's up to you to choose, not to be judged by others.

Frengki_cisco

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?

Not all NFT airdrops are worth investing in long-term, there are NFT coins that are suitable for short-term investment from time to time, some are like you said long-term.

In fact right now my NFT is seeing a lot of crypto lovers like, maybe it's a good coin to consider in the future.

kawetsriyanto

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Quote from: Accardo on March 11, 2022, 03:49:54 PM

It all depends on the use case of the NFT token. If you see that the project is just about hype then you need to sell off for profits and be on the safe zone. I know of some NFT tokens with better use cases where users are paid for using some NFTs like sneakers to run or walk. So when you see a use case like the one I stated and imagine that it will blow up in the future. It's a good thing to hold the token. This is applicable to any other token in the market beside NFT tokens. Your main focus should be on your imagination of their use case if it'll be adopted by so many people in the future.

I agree with you. One more, this will depend on what kind of NFT itself. It is similar to the questions of what altcoins are worthy for long-term holding. The answer will be also the same, it will depend on what kind of altcoins they are.
NFT is a new trend, some are rising up because of hype, but some are rising because of its value, with the greater community. NFT also has its own community and this becomes also one of the factors that make the NFT is worthy or not for the long term, including the use of NFT itself. And some other factors that make the NFT worthy for the long term.
But here, I also cannot say that all NFTs are worthy because some NFTs may be only trash, only rising up because of the hype, value nothing, so many shit NFTs that are given by the airdrops. Moreover, everybody can also create their NFT and sell on the platform easily.
So, be careful when choosing the NFT like being careful in choosing the right altcoins.

perri

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I'd say so-so. It all depends in the end on how big is the community, and how well-planned, executed is the roadmap. Are the goals achievable or are they just a bunch of hype bs? How invested is the team actually? Is the idea overall original or just a mere copycat of another more successful project? Lots of If's and whats.

If it was easy to decide, we'd all be billionaires and money wouldn't have a meaning Cheesy

Johnyz

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Quote from: ?? on ??

With the ridiculous amount at which some NFTs are purchased, I doubt it's going to worth long term investment. I see NFTs are desirable because of the hype and reputation of the artist and not because of any use case or something that is universally valuable. It's valuable to the buyer probably because of his love for art or rare items.

What goes up will go down eventually, its just a matter of time before the value of those NFTs will start to dump because they can’t go up forever, big corrections are coming for sure. Buying an NFT tokens is fine as long as its a legit project, you just have to analyze it so you can know if its already ok to buy or not, the market is still down though for sure NFT tokens are down as well.

Accardo

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It all depends on the use case of the NFT token. If you see that the project is just about hype then you need to sell off for profits and be on the safe zone. I know of some NFT tokens with better use cases where users are paid for using some NFTs like sneakers to run or walk. So when you see a use case like the one I stated and imagine that it will blow up in the future. It's a good thing to hold the token. This is applicable to any other token in the market beside NFT tokens. Your main focus should be on your imagination of their use case if it'll be adopted by so many people in the future.

magneto

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For the most part, no.

However there are a few collections that give you a bit of utility and I think may be worth investing in.

The usual stuff like Cool Cats, Azuki etc. may have seen significant price action but I honestly cannot see them going anywhere and becoming anything more than just a status symbol. They will die down inevitably when the next fad comes into town, just like the ICO craze in 2017.

Natalim

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Is it better to trade NFT tokens rather than holding it for longterm?

That seems you realize the risk when holding a hypes projects as most of them ended up losing their value.

Maybe we could say some will stay longer like years but the thing we consider is that it remains valuable or just a name only. Now that Metaverse is moving in and already in hypes, NFT projects started to collapse. For now, NFT's are losing it trend, we have to act and trade it now before we miss the chance.

lepbagong

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?

You yourself said that the NFT token is big because of the hype, so indeed if that is the underlying it is clear that it is very difficult to develop properly because it will grow only for a moment, certainly not good for future developments but it may be true that it is only worth trading quickly.
We know that NFT is still new and of course it will take time to make adjustments so that it can be accepted by investors. but there will always be a reliable market from NFT if it is well known and acceptable, because some items are quite successful.

Gayong88

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Quote from: Chipard on March 03, 2022, 07:21:37 AM

Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?

Those who view/go into NFT tokens as a long term investment after doing all the research from multiple sources will grow a little cautious.

In my view, the NFT Ecosystem is still in its infancy and the token market is still small. If you are comfortable with the risks and you are confident that you will use this nft card, then this could be a good long term investment, as the demand for games and movies will continue to increase, especially if Coinbase's nft market means a lot of people can immediately buy nft with a credit card.

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