Are NFT Tokens a Good Long Term Investments? - page 12.

Strongkored

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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?

You get it free if the value is high enough to be better sold or at least give you a good dollar and replace it with another coin saved for the long term.
I once had coins from an airdrop and thought it would keep going up but what happened was that its value kept going down and became zero value.
NFT is the same as other crypto trends all just waiting for time until finally abandoned and replaced with a new trend. Before it's too late it's better to sell it.

Inspiron14

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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?

something that is influenced by speculation is not suitable for the long term. so it's better to just trade it. After all, NFT is highly speculative, when the hype fades, one thing awaits: losses. in contrast to crypto coins that still have hope that it will develop better tomorrow.

It is better as much as possible to minimize the existing risks because after all NFT for long-term investments is too risky,
NFT is affected by hype and just imagine when it is not hype NFT then its value will go down,
what is certain is that if you compare it between NFT and crypto coins, it is clearly different

lienfaye

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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?

It depends on the utility. Based on my experience on NFTs by playing and holding the tokens, if the hype is over the price is slowly turning down hence if you see an opportunity to sell, do it now because you'll never know what will happen in the coming days. But since NFTs are just another trend in crypto space I think its not advisable to hold it for long term. Its best to invest on established coins if you plan a long term investment rather than holding NFT tokens.

bittick

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its like you are asking if investing in an art is a good idea, of course it is for some people out there but certainly not for all the people because the liquidity is rather lacking.
consider that NFT is just like art, the value lies in the eyes of the beholder, it could be valued at such high price or its gonna have zero value in the eyes of many people its all depends in your preference I guess.
also, there are many better options for investment out there, no reason bothering NFT art if there are so many choices that gives better long term ROI and aren’t lacking the liquidity either basically suited for investment.
most of the NFT art are just trend, its like any other trends out there that could subsides overtime.

timerland

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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?

Absolutely not.

Even the blue chip projects in my opinion are somewhat overpriced and overhyped, and once the crypto winter hits there will be a lot of panic sellers because there are simply not a lot of utility for these tokens especially for GameFi/Metaverse gaming purposes.

Trading short term could work if you know your stuff - I've got friends who have consistently outperformed by trading new NFTs.

Imran232

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Quote from: AmoreJaz on March 06, 2022, 05:30:11 PM

Quote from: Imran232 on March 06, 2022, 05:25:53 PM

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

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Look at what I believe: if a person believes he can hold a coin for a long time, he has obviously done his research. And yeah, I believe that you should take an exit when you are in a position that I already mentioned. Because if the projects lack strength, then why should we hold the coins? We should hold a coin when the coin has enough ability to survive the market in a strong position. And to hold for too long, in this case, we should give time to a project. If they are hardworking, they will definitely have success on their project. And I already have some proof with some projects that if projects are good, they will go up as my portfolio says.

sayaya17

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It's better to sell it because what is based on hype won't last long if there is new hype coming, sell and hold bitcoin, ethereum and bnb it's very good for trading or investing short term or long term just choose what strategy you like

What you say is true, it is too risky to hold NFT tokens in the long term. Because projects that rise due to the hype will not last long, it is likely that
after the hype the price will fall and it will be difficult to recover. Why not just play it safe by investing in popular coins, which is clearly a higher
percentage of success. But if we want to try to make a profit from NFT tokens, it's best for short-term trading only, do not take risks by holding
in the long term. I actually don't recommend investing/trading in NFT tokens, especially for newbies who don't have good knowledge and analytical skills,
they should focus on investing in top coins.

AmoreJaz

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Quote from: Imran232 on March 06, 2022, 05:25:53 PM

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

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Before commenting on anything specific, I want to share some points which might help you to take a decision. Because I don't want to say no and yes, because it is simple, brother, it's not any financial advice. Though these are my points in crypto, I believe if the project is legit, no matter if it is the strongest or not, just the one thing, if this project is legit, and your holding period is long term, then obviously it is profitable and holdable. But if your intention is mid-term, then it's 50/50. But for the short term, it's a smart trader job, dude. Now the next thing that I experienced is that if the projects are hyped, obviously the NFT is trading well and the team is generating money through fees. So this means the projects have strong funding, and they can use it for the future and make the projects better. I think this is the conclusion for you. If your nft token has these two things, then it is obviously profitable. If they do, please try to take an exit at the beginning of something profitable.

it does depend on the objectives of the user here. short or long-term goals? if you are venturing into long-term, make sure you've done your research about the project. the foundation is very important in choosing the platform. because you will spot the substandard ones, and for sure, they are only here for short term gain.
in that case, better get out while you are still in positive, otherwise, if you are waiting too long, the value of your token will go down the drain.
so yeah, nft is good but it depends on the value itself. are you seeing that the nft you are holding will be valuable in the future. if not, better get out while you can.

Imran232

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

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Before commenting on anything specific, I want to share some points which might help you to take a decision. Because I don't want to say no and yes, because it is simple, brother, it's not any financial advice. Though these are my points in crypto, I believe if the project is legit, no matter if it is the strongest or not, just the one thing, if this project is legit, and your holding period is long term, then obviously it is profitable and holdable. But if your intention is mid-term, then it's 50/50. But for the short term, it's a smart trader job, dude. Now the next thing that I experienced is that if the projects are hyped, obviously the NFT is trading well and the team is generating money through fees. So this means the projects have strong funding, and they can use it for the future and make the projects better. I think this is the conclusion for you. If your nft token has these two things, then it is obviously profitable. If they do, please try to take an exit at the beginning of something profitable.

fullhdpixel

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NFT looks as monkey business not worth for long term investment and only advantage take profit for early entry and you as latest buy on NFT will hard reaching higher price from your buy price, I think first time launching to public about NFT not all agree and getting have several people made out rule by selling his selfie picture of NFT, looks most crazy how come and what for using from selfie picture as NFT, not any art value and not other function maybe as NFT game we can use it for hero card and playing game, but with many time I see people try to sell his selfie picture looks like not understand what benefit if buy their NFT.

There's actually a lot of monkey based NFTs but a lot of them are fake and only exist because of the hype of the real one's due to their massive value but the original are I think have their unique use cases therefore i wouldn't call them a monkey business. Let us not judge the book based on their cover please.

NFTs are not mature enough, they can prove more in the upcoming years. I would like to include a couple of NFTs along with my cryptos for a long term hold. The selfie NFT is interesting, it got boomed lately but i don't know if what is its utility. People would be buying it because it got trendy and to support the guy that makes a selfie of himself every single day straight for a couple years. It can be an art to some because of its consistency.

Ararbermas

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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?

it depends of the situation, i mean how the token really performed in the market because indeed we can identify it by making technical analysis on their graph, wherein if its good to hold or to make quick profits.

However if it's new and you see it very promising and really good nft project with best fundamental, then hold it.
And if you're scared about rug pull then keep monitoring the growth rate and always set a stop loss below everytime the price is continue increasing in order to save your profits as well from such scenario. Just be smart!

Reid

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No, I don't think so. If you see profits in it then do take it.
This is like the other projects that happened before. It was on hype on so is the value of it. The trend is now so if you see a chance to sell it then do so.
ICO was in the same floor before and most people who are wise enough to see it whenever they see profit are in good position now. Don't fall in love with it as there will always be something new to take over unless what you are holding is Bitcoin which never gets old.

zonefloor

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nft is just bullshit in my opinion. Why should I pay thousands of dollars for 35 images on the internet when I can collect something that I cannot see concretely? Therefore, in my opinion, their tokens are also completely scam. Because I'm in favor of not keeping it for a long time. Otherwise, your money may be gone in an instant. If you want to make money with the logic of buy and sell immediately in the short term, you can try it. However, you should sell what you have immediately where it satisfies you.

Kunnu

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In my opinion Nfts are just hype and nothing much whenever the hype will be over these NFT related things is going to be disappear permanently from the crypto currency market. Currently NFT projects are in trend so it's better to advantage with these things and earn profit with them before it gets over, remember that the hype of NFT project is on full peak and it's all gonna be disappear anytime soon so involve in these kind of projects very carefully.

danherbias07

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Trade it at the right price. I don't like holding NFT especially those without usage for me or whatever the application is. Like collectibles and arts.
But a good example of an NFT with usage is in the gaming zone. Those can haste your profits whenever you use it in-game and it will likely advance you more if there is a ranking where prizes are given weekly, monthly, or after an event. Most of what I bought was not expensive but I keep them as I could get ROI faster in that way rather than sell it and be back at square one. Fortunately, the strategy was successful.

7788bitcoin

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

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

It depends upon the project you invested, there are many projects that popped up in the past one year and some of them are doing really well when it comes to new NFT drops on a monthly basis but i do not see that reflection in the price, but they all rallied and touched their all time high valuation during the hype period last year and then majority of the tokens went down drastically and even with drops and other activities the price is not moving higher.

So lets see how it goes and i am staking the tokens i hold for the long term and see how the market will be in the next couple of years.

Pasa32

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I recommended selling because the NFT tokens trend has now ended. And You are saying many coins are down so that mean they have no right future plans that's why people are selliing that coins.

Ziskinberg

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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?

Just a few of them are capable to hold long-term but the rest is seems not good. But I suggest for NFT investors not hold them long, it is really risky holding new coins especially if the project is questionable. We can't deny that majority of these NFT projects lost their value after launching and it was found also that they are not sustainable.
I don't want to generalize but if we are planning for investing projects for long-term, this not be the best choice.

Jackl87

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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?

I don't think it is possible to give a general answer to that question, because i would guess that with NFT's it will be the same as with most other trends and hypes in the crypto space. I think that the big hype about NFT's is already over now, but of course NFT's are also making sense in some cases and are definitely here to stay if they are good NFT's in any form. That means that all those copycats projects that were just created to make some quick money by riding the NFT hype wave will be dead again in a few months while other NFT's of projects that are continuing to develop and to improve and grow their project will still be valuable in a few years in my opinion.

lobo13hf

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Quote from: ?? on ??

If the NFT has a physical value like a car with a code / contract embedded in the engine frame, then it will be valuable for the future, because it has a high utility value.

That means NFT will act as proof of ownership that can be used as a way to claim the physical item in your real life. I think that the developer can do this as well but again the implementation might even harder than when we are only discussing like this. The only fact that must be known by anyone if the NFT art will not be a suitable for the long term investment.

Quote from: ?? on ??

now i see some pictures on OpenSea have high prices because of the hype, it's investors' choice and they have a way to invest.

It can also be manipulated and i suggest you should not 100% trust the price that already offered in opensea. that's an open market and any rate that already priced to the any NFT art can be manipulated easily. You must also remember this too.

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