Are you still on NFT's? - page 4. | Bitcointalksearch.org

imstillthebest

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

i havent been into nft ever since it came out but i witnessed everything from its rise and its downfall .
that right nft is declining because there have been less news and topics that we see in the forum and also in the bounties .
i see some nft bounties but it does not attract much participants but people now are into the new hype which are meme coins and dogecoin alternatives .

Alohadanc3

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Yeah, I am kind of on it. I don't have millions of dollars to put in into a digital art. But I prefer to collect small things. Like cards and veve models. And hope if those NFTs are really limited and backed by some big names there is a chance that they will go big sooner or later. And I also collect NFT based games card. I am fully into rplanet , alienworld and I think wax chain has many thing to offer. And many project on it doing really great. For me I always think that NFTs and digital collectables will change the things normally games for forever. Hmmm that's it.

MishaSER

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Well, really who is it meant for? I understand there are people who buy expensive paintings in the real world, but people still do not perceive digitally. Of course, now this beginning is possible in 5-10 years, it can be reborn into something new.

Gorosden

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I still believe in NFT projects than meme coins, investing for long term is all about projects utilities and usefulness and NFT got that backed up either in gaming or in ART

Looper_U

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NFT are promising and they are new type of use case in crypto space that many have been wishing for, earning in gaming token are now easier than ever through NFT, there is no way this is not a good plan if you decide to hold for long term because billions of people plays game either on phone or other gadgets

Review Master

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

I also read that news and those are just to create panic on the market among the new users and nothing else, IMHO. TBH, NFT is just on the starting phase and real nft market is still far away and it doen't mattter which market is going on like bull or bear as NFT will stay in this market for long term. We might go through many type of hypes, but NFT hype isn't for some particular time. Also it looks like, everyone is busy with accumulating more bitcoin, that could be the reason for the drop on NFT market volume. Grin

domoy77

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Quote from: inanilujimi on June 04, 2021, 07:56:48 AM

basically nft is an inseparable part of crypto, and will have an impact when the market starts to decline, but nft is very unique and I believe it will last a long time in the crypto world.

Yes, if the market experiences a correction, then not only NFT will experience a decline, but all cryptocurrencies will also experience a decline, and this is a very natural thing to happen, but if we look at the durability of NFT in the crypto space, of course only NFT will survive for a long time in the crypto space.

mr.robot8

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actually the nft market has dropped a lot both in value and in trading volume but i don't think the hype, trend of the sector is already waning but i think it is somehow connected to the fluctuations in the value of bitcoin, i am sure that the nft they still have a long way to go and soon their market will recover stronger than before

Fesatmas

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Yes, I've heard news saying that NFT sales are currently experiencing saturation. and I think that is a natural thing, because NFT is still not a top priority in sales, but as a form of appreciation. plus those who have entered the NFT stream, their development has become branched. such as for mining, genesis, and adding to the collection. may need to narrow the pace and focus on one point.

sempak

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This is new to me what's an NFT the last thing I remember that was new to me was the DeFi but now there's some new word as NFT looks like it's something new again well I think I needed to do a new research now. Well it's too bad that right now it looks like that even this was also declining let's I hope it's not yet dying. I see a positive sign on the market for the next few months.

inanilujimi

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basically nft is an inseparable part of crypto, and will have an impact when the market starts to decline, but nft is very unique and I believe it will last a long time in the crypto world.

dhemasm

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

I suppose no, from my perspective NFT it's not dying and current sales slump it's because market condition lately and the HYPE was over. NFT still have tons of great potential and really good for long term investment with wider scalability since it's offering an unique concept and affecting to some traditional sector especially games, art, entertaintment. We only can wait for now, ypu don't need to panic mate!

Oasisman

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Quote from: masterrex on June 04, 2021, 06:08:41 AM

Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

I think the NFT hype was cooled down already plus accompanied by today's market condition that's why it is not surprising to see a 90 percent sales decline. however, if the market condition will improve hopefully? I believe NFT sales were also increased but I'm not so sure about it, just my personal opinion.

But the Non-Fungible Token or the (NFT) is not just an ordinary investment or a collection because it was a piece of digital art so it was more than just an ordinary token.

I agree. One of the main reason why NFT sales declined because of the current market condition. Everything in crypto space has been declining. So, I guess the decline of sales for NFTs is not gonna be a big surprise.
On the other hand, I'm still skeptical on these NFT digital arts sold for millions of dollars. I don't get it why these are so expensive. What I can see from the NFTs as a huge success in the future is through the NFT based games where you can actually use these tokens for purchasing in-game items while earning at the same time.

harizen

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

Define "dying"? A decline in price does mean "dying" for you? If yes, then give up now.

It's obvious that everything is affected since the start of the crash and NFT's aren't excused by that.

And of course, focus on those NFT projects that still buzzing today amid the crash and not just choosing those random projects creating hype. Spend time DYOR, just like how we choose a good altcoin project, and you can still see that the NFT marketplace is blooming as always.

irsykes

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

My last NFT is cryptoz, only know about claim the cards, i think what i know about nft is only that. And about claims like that really need luck for people because it is really hard to get the rare one. And one more is Dego and we mining it after we claim various of tools to mining it.

trauchot

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The NFT sphere is still popular and I see every day many new projects that want to develop in the NFT sphere, but I agree that the NFT sphere is becoming less popular every day and the prices of many NFT cryptocurrencies have dropped very much, but this of course is most likely due to correction of the cryptocurrency market, so we need to wait for the next growth of the cryptocurrency market and then it will already be clear how things will be with NFT cryptocurrencies.

masterrex

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Quote from: steampunkz on June 03, 2021, 07:04:06 PM

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

I think the NFT hype was cooled down already plus accompanied by today's market condition that's why it is not surprising to see a 90 percent sales decline. however, if the market condition will improve hopefully? I believe NFT sales were also increased but I'm not so sure about it, just my personal opinion.

But the Non-Fungible Token or the (NFT) is not just an ordinary investment or a collection because it was a piece of digital art so it was more than just an ordinary token.

ILuckyGuyI

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I don't think that NFT market is going to die so soon. By the way, Binance is also preparing for NFT sales this month. I think that we will have another productive period for this market. I assume that many people will use Binance for this.

amishmanish

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Quote from: ampu on June 04, 2021, 04:25:41 AM

NFT is also a trend like DEFI, it is exaggerated by the community. The drop of the entire market causes most altcoins to drop in price so we don't need to worry too much. When the market bounces back, NFTs will soon return to their ATHs as the use case of NFTs is very wide right now. Newly born NFT projects also promise to bring newness to space.

NFTs are nothing like DeFi. DeFi is way more established and serious right now. The kinds of platforms that have developed and holding the value during the downtrend is remarkable.

Lot of NFTs were sold in the last months and the bullrun ensured the insane valuation. People are much more cautious now and it is very unlikely that they will regain those ATH. Well, those expensive NFTs can only be re-sold to another collector so i don't think it matters to the NFT-Holder.

The trend of NFT buzzword resulting in huge valuations as already died down. There isn't really any special use-case catered by them, except for collector value or purely as a creative curiosity.

masulum

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hmph..

Quote from: zasad@ on June 04, 2021, 03:30:37 AM

Everything is fine with large projects, but no one needs ordinary pictures on the blockchain.
In the long term, these tokens will be used in game projects, and whoever bought useless pictures on the HYIP, they will lose money.

This is what NFT collectors should pay attention to. It's not about who makes and what capabilities the NFT have. For images that have high artistic value, of course collectors can resell them at a higher price with the NFT hold. Or for farming NFT, if it's rare NFT for serious and potential projects, holding NFT will also potential giving more value. But if it's only because of the hype due to shillings, then the value of the NFT will eventually go down and maybe it will lose more than holding tokens/coins.

Topic: Are you still on NFT's? - page 4. (Read 798 times)