As you mentioned, almost all of them are purely based on hype. If you ever have a chance to trade it and make a profit out of it, why do not you do that?
Since a new NFT will keep coming up every day/week/month, there is no guarantee the demand of NFT you are holding right now will remain the same or increase.
If I were you, I will trade them all and only hold a few of them if they have a solid backer behind them.
Topic: Are NFT Tokens a Good Long Term Investments? - page 14. (Read 2492 times)
Is it better to trade NFT tokens rather than holding it for longterm?
I say yes. If you're unsure of what you're holding then you better dispatch and sell them. You understand how most of these NFT are and they're really hyped based, at least for most of them.And those that are for real and with a big economy and community, they're likely to stay even a bear market comes and shakes everyone that's holding them a lot. Maybe some of them are really are long term investments but if it's long term, I'll rely on only a few crypto and not with NFT, they are bitcoin and ethereum.
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?
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?
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