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Topic: beginner in Crypto (Read 770 times)

legendary
Activity: 2534
Merit: 1338
February 15, 2023, 11:53:00 PM
#88
I don't really recommend starting with investing in a jpeg in crypto, you'll probably end up making a loss and walking away. If NFT is a collection in a game and the game gives a good impression, you can do research and get NFT, but you still need to research well and make a good decision. Apart from this, it will be useful to stay away from other digital collections for now, you can do a different way in the future.
I would assume that someone that is just thinking about making their very first investment on this market does not know much about it, and with this in mind they should take the safest path available to them, and in this market bitcoin is the safest investment which can be made, if after some months newbies begin to think about investing in some other coins then they can begin to invest in some strong altcoins like BNB and ETH, but taking such a huge risk like investing in NFTs so early is simply unnecessary in my opinion.
legendary
Activity: 2198
Merit: 1232
February 14, 2023, 10:44:27 AM
#87
I don't really recommend starting with investing in a jpeg in crypto, you'll probably end up making a loss and walking away. If NFT is a collection in a game and the game gives a good impression, you can do research and get NFT, but you still need to research well and make a good decision. Apart from this, it will be useful to stay away from other digital collections for now, you can do a different way in the future.
sr. member
Activity: 1610
Merit: 264
February 14, 2023, 10:24:46 AM
#86
~
Bounties are sometimes hit and miss, MiF. I would rather just spend those 3 months researching for the best coins that I could buy rather than wasting my time sharing and retweeting useless stuffs around Twitter only to end up in a shit coin or even shit NFTs. That would be hella depressing. What's worse is it could even be a scam and the project team would just runaway along with the exposure they got in social media while owing every participants in their bounty with nothing.

Take it from someone that did bounties before NFTs were a hot trend.
legendary
Activity: 1064
Merit: 1000
Leading Crypto Sports Betting & Casino Platform
February 14, 2023, 10:12:47 AM
#85
Most of the beginning people do the crypto bounty hunting to earn some money.You need have a crypto based twitter or facebook account for it.If you build the forum profile to high level,you can do of developing this forum profile to high rank.Then,you can join of Signature campaign in bounty to get some good rewards from that bounty.If you had earned huge money,you can reinvest the same money to crypto currency.Hold till the price of holding crypto to high level.It’s enough to earn more money from just holding for the longer period.If you had some capital,you can start trading without bounty hunting to earn from trading itself.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 14, 2023, 08:16:51 AM
#84
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I would recommend you to join bounty hunting here you cannot earn big but you will learn a lot from this furom there are so many expert here and they can suggest many potential projects to invest, i believe that you are new in crypto and you need to learn more about it in a slowly way to have a better understanding and learn a lot of strategy for good.
Right, a newbie user shouldn’t start with NFT's because without experience how he/she will choose good or bad projects, it’s huge risk because NFT's is a trend in the market and so many SCAM projects around. Yeah, bounty can be good way to earn money although it’s too difficult but there are no risk here.

Unless he will be lucky enough to randomly choose what kind of NFT to buy and hold, but if in general it's better not to start
from this kind of investment, the chance of getting scam or losing a lot is really high.
Try to understand the concept of crypto before you jump in with complicated investment like NFT's, but we can't really dictate
how newcomer should act when they are picking their investment, it's their money that they are using and the responsibilities
is always in their hands.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
February 14, 2023, 06:07:52 AM
#83
Yeah, for me too. NFT looks like a not really profitable and attractive market now. It has high risk and low reward, no point in investing in it, especially if you're a newbie.
Before it was too profitable.

But we have to accept the fact that it's no longer the hottest thing in the crypto market now. Yeah, before it was once at the peak but it's at its lowest now.

And we don't know if it's going to be up again when the bull run is back. Just to give you some idea, do not expect a lot of things from it because it hasn't got the same hype as before.
A project that has been hyped can no longer be expected to keep on hyped for a long time but only it stays for just a while and losses its popularity.
I admit that I'm investing in a few NFTs during their peak period but never I think to hold them and sell them in a few weeks. Thinking about investing them today is gonna be worthless, we can't assure ROI but possibly it becoming shitcoins. I just recall what happen to ICO before, they seem too hot but in the years coming, they lose their value and become rejected. This can possibly happen to NFT.
Regarding NFT investments, I share your views totaly. There may be short-term gains from investing in a project becuse of the buzz surrounding it, but you should always look at the big picture. Consider the value and practical aplication of a project before investing, just like you would with an initial coin offering. While Bitcon, Ethereum, and other pioneering cryptocurrencies have proven thier durability, not all NFTs are created equal. It's possible that some are here to stay, while others are only passing fads. While ICOs were once a common means to fund projects, the advent of safer and more efficient alternatives has dimished thier usefulness. Each project needs careful invastigation and evaluation to determine if it is a sustainable long-term investment or if it is just another shit..
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
February 14, 2023, 05:19:13 AM
#82
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I would recommend you to join bounty hunting here you cannot earn big but you will learn a lot from this furom there are so many expert here and they can suggest many potential projects to invest, i believe that you are new in crypto and you need to learn more about it in a slowly way to have a better understanding and learn a lot of strategy for good.
Right, a newbie user shouldn’t start with NFT's because without experience how he/she will choose good or bad projects, it’s huge risk because NFT's is a trend in the market and so many SCAM projects around. Yeah, bounty can be good way to earn money although it’s too difficult but there are no risk here.
MiF
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
February 13, 2023, 06:02:47 PM
#81
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I would recommend you to join bounty hunting here you cannot earn big but you will learn a lot from this furom there are so many expert here and they can suggest many potential projects to invest, i believe that you are new in crypto and you need to learn more about it in a slowly way to have a better understanding and learn a lot of strategy for good.
hero member
Activity: 2926
Merit: 640
February 13, 2023, 01:59:39 PM
#80
A project that has been hyped can no longer be expected to keep on hyped for a long time but only it stays for just a while and losses its popularity.
I admit that I'm investing in a few NFTs during their peak period but never I think to hold them and sell them in a few weeks. Thinking about investing them today is gonna be worthless, we can't assure ROI but possibly it becoming shitcoins. I just recall what happen to ICO before, they seem too hot but in the years coming, they lose their value and become rejected. This can possibly happen to NFT.
Bitcoin, ETH and other top altcoins have been on this phase. They sure lost their charm after some time but at least they haven't died permanently. They are still here and they are still shining whenever the bull run comes. I only want to say that it's not about the hype but it's about how valuable the project is. Not all NFT's are the same. Some are just plain images but some have a good use case. We only need to check them properly if they are worth to invest for the long term or not.

We cant compare ICO to them because both are just different. ICO is only a term for funding a project. They are gone replaced by a much better and safer way to fund a project but it doesn't mean that there are no more low quality and scam projects.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 13, 2023, 01:06:02 PM
#79
Yeah, for me too. NFT looks like a not really profitable and attractive market now. It has high risk and low reward, no point in investing in it, especially if you're a newbie.
Before it was too profitable.

But we have to accept the fact that it's no longer the hottest thing in the crypto market now. Yeah, before it was once at the peak but it's at its lowest now.

And we don't know if it's going to be up again when the bull run is back. Just to give you some idea, do not expect a lot of things from it because it hasn't got the same hype as before.
A project that has been hyped can no longer be expected to keep on hyped for a long time but only it stays for just a while and losses its popularity.
I admit that I'm investing in a few NFTs during their peak period but never I think to hold them and sell them in a few weeks. Thinking about investing them today is gonna be worthless, we can't assure ROI but possibly it becoming shitcoins. I just recall what happen to ICO before, they seem too hot but in the years coming, they lose their value and become rejected. This can possibly happen to NFT.
Hype is temporal and that's why those projects that have been built through it, didn't last long. I'm not telling that all NFTs are shit, there could really be a very few of them that might be worth to take a shot but it's like random, totally luck is what you need on it.

It's because there could be some sales like this[1].

[1] Giannis Antetokounmpo’s NFT Sells For $187K, Becomes Highest Sale On Sorare NBA
hero member
Activity: 3010
Merit: 664
Vave.com - Crypto Casino
February 13, 2023, 06:07:19 AM
#78
Yeah, for me too. NFT looks like a not really profitable and attractive market now. It has high risk and low reward, no point in investing in it, especially if you're a newbie.
Before it was too profitable.

But we have to accept the fact that it's no longer the hottest thing in the crypto market now. Yeah, before it was once at the peak but it's at its lowest now.

And we don't know if it's going to be up again when the bull run is back. Just to give you some idea, do not expect a lot of things from it because it hasn't got the same hype as before.
A project that has been hyped can no longer be expected to keep on hyped for a long time but only it stays for just a while and losses its popularity.
I admit that I'm investing in a few NFTs during their peak period but never I think to hold them and sell them in a few weeks. Thinking about investing them today is gonna be worthless, we can't assure ROI but possibly it becoming shitcoins. I just recall what happen to ICO before, they seem too hot but in the years coming, they lose their value and become rejected. This can possibly happen to NFT.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 13, 2023, 05:42:53 AM
#77
Yeah, for me too. NFT looks like a not really profitable and attractive market now. It has high risk and low reward, no point in investing in it, especially if you're a newbie.
Before it was too profitable.

But we have to accept the fact that it's no longer the hottest thing in the crypto market now. Yeah, before it was once at the peak but it's at its lowest now.

And we don't know if it's going to be up again when the bull run is back. Just to give you some idea, do not expect a lot of things from it because it hasn't got the same hype as before.
full member
Activity: 902
Merit: 101
February 12, 2023, 11:13:49 PM
#76
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
If you only have a limited budget, why should you invest in NFT? Good NFT will have a high price, on the other hand, low-price NFT may end as shit NFT like shit coins in the cryptocurrency. I think it is better too little by little invest in Bitcoin. If it is too small, you may choose top altcoins that will have a higher chance to rise up in the future. At least, it is in the top 10. But, it is also risky. Investing in cryptocurrency is all risk, so it will depend on how you want to take the risk and how able you are.
right? all these investments yet someone might still choose NFT is just honestly doesn't make sense.
the thing is that NFT trend could be pretty much thing of the past right now, if I have small capital I'd definitely never ever think of investing in NFT better investing in bitcoin and ethereum that guarantees.
i'd say even if there's ultra cheap NFTs that was famous NFTs in the past, it still have good chance of just turning zero, the liquidity is limited, even I doubt there's any liquidity left or someone still willing to own these NFTs.
for me NFT is like the last thing i'd invest ever nowadays.

Yeah, for me too. NFT looks like a not really profitable and attractive market now. It has high risk and low reward, no point in investing in it, especially if you're a newbie.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
February 12, 2023, 07:21:46 PM
#75
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
If you only have a limited budget, why should you invest in NFT? Good NFT will have a high price, on the other hand, low-price NFT may end as shit NFT like shit coins in the cryptocurrency. I think it is better too little by little invest in Bitcoin. If it is too small, you may choose top altcoins that will have a higher chance to rise up in the future. At least, it is in the top 10. But, it is also risky. Investing in cryptocurrency is all risk, so it will depend on how you want to take the risk and how able you are.
right? all these investments yet someone might still choose NFT is just honestly doesn't make sense.
the thing is that NFT trend could be pretty much thing of the past right now, if I have small capital I'd definitely never ever think of investing in NFT better investing in bitcoin and ethereum that guarantees.
i'd say even if there's ultra cheap NFTs that was famous NFTs in the past, it still have good chance of just turning zero, the liquidity is limited, even I doubt there's any liquidity left or someone still willing to own these NFTs.
for me NFT is like the last thing i'd invest ever nowadays.
full member
Activity: 728
Merit: 117
February 12, 2023, 07:09:19 PM
#74
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
If you only have a limited budget, why should you invest in NFT? Good NFT will have a high price, on the other hand, low-price NFT may end as shit NFT like shit coins in the cryptocurrency. I think it is better too little by little invest in Bitcoin. If it is too small, you may choose top altcoins that will have a higher chance to rise up in the future. At least, it is in the top 10. But, it is also risky. Investing in cryptocurrency is all risk, so it will depend on how you want to take the risk and how able you are.
staff
Activity: 2436
Merit: 2347
February 12, 2023, 04:08:34 PM
#73
As a newbie and with small capital, I believe you are not ready to accept losses, so I would advise you to stay away from NFT or any altcoin projects. You should focus on bitcoin, although it won't make you rich quickly, it will keep you safe, and you won't suffer losses or shock when you first enter the market. What you need now is knowledge, as long as you have knowledge of the market, I believe you will find the investment you need most without the advice of others.

You can't make a lot of money on bitcoin with a small capital, so the caveat of all altcoins is definitely not going to help you somehow multiply that capital. If we are talking about capital preservation, then bitcoin is quite suitable for this purpose. But if we are talking about making money from cryptocurrencies, then investing a small deposit in bitcoins is not really effective. Altcoins grow much more efficiently, but you should understand what you invest in.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
February 12, 2023, 05:46:10 AM
#72
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

As a newbie and with small capital, I believe you are not ready to accept losses, so I would advise you to stay away from NFT or any altcoin projects. You should focus on bitcoin, although it won't make you rich quickly, it will keep you safe, and you won't suffer losses or shock when you first enter the market. What you need now is knowledge, as long as you have knowledge of the market, I believe you will find the investment you need most without the advice of others.
legendary
Activity: 2534
Merit: 1338
February 11, 2023, 10:46:36 PM
#71
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I think you need to learn more about NFT and study their performance. I know it was indeed to have a good start but the trend has changed it is getting worse day by day. If you plan to invest in lowered-priced NFTs, then I would say that you are also wanting to lose your money with them. You are saying that you only have a limited budget and it was not a problem, you can buy potential coins with the use of the DCA strategy. Stop looking for cheap coins because it shows that these coins have no market value and investors are rejected them already, How to make fortune with them? Nothing...

Just as many other crazes we have seen over the years NFTs were big for a very short period of time and since then they are ignored by most investors, it is simply too late for anyone to think about making money with those coins, investors have realized that even the images and videos which were very famous at the time have lost most of the supposed value they had, so any images being sold today do not have anywhere near close to that fame, making them even more useless as investments.
jr. member
Activity: 1316
Merit: 7
February 10, 2023, 06:32:41 PM
#70
As a beginner, I suggest you know the basics of the usual coins and altcoins - know more about wallets, etc. Be careful with NFTs, because you are not sure you can sell it at all, much more selling at a good price. Selling NFTs is not the same as selling Bitcoin or popular altcoins which you can easily sell. More so you may be buying a fake NFT. Have you done a detailed research about the NFT? In my opinion, I suggest you buy Bitcoin and prepare to hold for long, or Ethereum, but do detailed research and hold for long. Or perhaps you should learn to trade. But take note: only invest the amount of money you can afford to lose, and don't put all your egg in one basket.
hero member
Activity: 3038
Merit: 592
BTC to the MOON in 2019
February 10, 2023, 04:50:34 AM
#69
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I think you need to learn more about NFT and study their performance. I know it was indeed to have a good start but the trend has changed it is getting worse day by day. If you plan to invest in lowered-priced NFTs, then I would say that you are also wanting to lose your money with them. You are saying that you only have a limited budget and it was not a problem, you can buy potential coins with the use of the DCA strategy. Stop looking for cheap coins because it shows that these coins have no market value and investors are rejected them already, How to make fortune with them? Nothing...
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