Values are subjective and mostly pop up in people's heads and until you agree on them you won't be able to understand why people approach things differently. The value in NFTs is primarily to the beholder, the same way buying art in the early 1950's seemed belittled by people, the same is true of NFTs.
But the main difference is that NFTs have existed for only a few years while people have been collecting other art forms for thousands of years and there is no way to know if collectors will accept this new form to distribute art, after all one of the main points of collecting a piece of art is to have exclusive ownership over it, and even if NFTs do this it may not give the impression of this being the case as anyone can still enjoy a copy which is as good as the original at no cost for themselves. 
Topic: beginner in Crypto - page 3. (Read 770 times)
All investments NFT are high risk . It is having huge hype and the adoption market has not yet expanded in terms of usage culture. That means NFT may just be a fad and lack guarantees. The hype about NFT abounds and I think for newbies, make sure yourself and accumulate wealth more or less in coins like bitcoin
Values are subjective and mostly pop up in people's heads and until you agree on them you won't be able to understand why people approach things differently. The value in NFTs is primarily to the beholder, the same way buying art in the early 1950's seemed belittled by people, the same is true of NFTs.Personal opinion. Trading, NFT , Stocks, businesses, Bonds, etc operate under the principle of buying and selling what you truly understand and like. Operate where your competence lies. Everything is a market. What drives the market is interest.
Do you think that NFT is the only investment destination you want?
With a limited budget, you can at least buy bitcoins that are definitely real in the crypto market or altcoins like ethereum or bnb. My advice is to make the most of your money and avoid buying something you don't fully understand.
With a limited budget, you can at least buy bitcoins that are definitely real in the crypto market or altcoins like ethereum or bnb. My advice is to make the most of your money and avoid buying something you don't fully understand.
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Instead of investing in NFTs, it's better for you to invest in bitcoins. Bitcoin and NFT both carry a risk of loss, but bitcoin can still provide higher returns in the future than NFTs. The NFT market is currently down following the bear market trend so many of the NFT projects are losing popularity. But bitcoin isn't and it will rebound at the right time. If you have decided to buy bitcoins, you just have to wait for the bull market to be the time to take your profits.
As a beginner in cryptocurrency, here are a few key concepts that you should be familiar with :
• Blockchain: A decentralized ledger that records transactions across a network of computers. Cryptocurrencies, like Bitcoin, run on blockchain technology.
• Wallet: A digital storage device for your cryptocurrency. It allows you to send and receive digital currency, view your transaction history, and manage your private keys.
• Private Key:[/b] A string of characters that acts as a password for your wallet and allows you to access your cryptocurrency. It must be kept secure and private.
• Public Key: A unique address that identifies a cryptocurrency wallet and allows others to send you digital currency.
• Mining: The process of verifying transactions and adding them to the blockchain. Miners are rewarded with cryptocurrency for their efforts.
• Token: A digital asset that represents ownership of a unit of value, such as a currency or a commodity.
• Decentralization: The absence of a central authority controlling the cryptocurrency. Transactions are processed and verified by the network, rather than a central authority.
• Blockchain: A decentralized ledger that records transactions across a network of computers. Cryptocurrencies, like Bitcoin, run on blockchain technology.
• Wallet: A digital storage device for your cryptocurrency. It allows you to send and receive digital currency, view your transaction history, and manage your private keys.
• Private Key:[/b] A string of characters that acts as a password for your wallet and allows you to access your cryptocurrency. It must be kept secure and private.
• Public Key: A unique address that identifies a cryptocurrency wallet and allows others to send you digital currency.
• Mining: The process of verifying transactions and adding them to the blockchain. Miners are rewarded with cryptocurrency for their efforts.
• Token: A digital asset that represents ownership of a unit of value, such as a currency or a commodity.
• Decentralization: The absence of a central authority controlling the cryptocurrency. Transactions are processed and verified by the network, rather than a central authority.
When it comes to investing in NFTs, there are a few things you need to keep in mind. First and foremost, do your research and understand the market before making any decisions.
When investing in NFTs, consider these strategies:
It's important to review the project carefully before investing in it when looking at an NFT project. Take a look at the team behind the project, their experience, and what they're trying to accomplish. You should also read the project's whitepaper so you have a good understanding of the roadmap and what they plan to accomplish with the funds raised from the sale of their NFTs.
It is important to keep in mind that NFTs often have a secondary market. If there is a high demand for your NFTs, then you may be able to sell them for more than you paid for them. However, it is also important to remember that the value of NFTs can fluctuate quite a bit, so you could end up selling them for less than you paid.
As with any investment, diversifying your portfolio is crucial
When investing in NFTs, consider these strategies:
It's important to review the project carefully before investing in it when looking at an NFT project. Take a look at the team behind the project, their experience, and what they're trying to accomplish. You should also read the project's whitepaper so you have a good understanding of the roadmap and what they plan to accomplish with the funds raised from the sale of their NFTs.
It is important to keep in mind that NFTs often have a secondary market. If there is a high demand for your NFTs, then you may be able to sell them for more than you paid for them. However, it is also important to remember that the value of NFTs can fluctuate quite a bit, so you could end up selling them for less than you paid.
As with any investment, diversifying your portfolio is crucial
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Otherwise, I would not recommend a beginner with a limited budget to invest in NFT, because this is high risk. What's more, we don't know the future of the NFT itself. We even find lots of NFTs that end up like shit coins in crypto where they may not have any value anymore. So, this is more high risk for beginners.Why are you not interested in investing in Bitcoin only for the long term? However, Bitcoin is a better choice, even if your bankroll is low, it is good for the long term. You can also buy it again later if you have more money. however, make sure you understand the risks and what long term holding is like. If you still often panic about market conditions, you should first establish yourself to invest in the world of cryptocurrencies.
All investments NFT are high risk . It is having huge hype and the adoption market has not yet expanded in terms of usage culture. That means NFT may just be a fad and lack guarantees. The hype about NFT abounds and I think for newbies, make sure yourself and accumulate wealth more or less in coins like bitcoin
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Even though i am interested in cryptos for at least 5 years now i am still quite a newbie in my opinion so i am just stating my personal opinion here. My first purchase in the crypto space would definitely not be a NFT. I think the big NFT hype bubble has already bursted. Of course NFT's has some use-cases and they will definitely stay but those thousands of useless NFT collections probably won't have a bright future.
It also depends on what you want to achieve with your investment. If you want to be as safe as possible then just buy Bitcoin with your money. If you want to take a little more risk, then invest into altcoins that are already big and established like Ethereum, BNB, Cosmos etc.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I think you need to do some searches about the crypto market, particularly with NFT because I will tell you that buying them is a big mistake. Investing in crypto is not only about the price (low) but what we are about to consider is the potentiality of the project. Nothing has been said that we have to purchase in huge amounts, in fact, we can do the DCA strategy if we have a limited budget. Well, I might not change your view toward NFT projects but you should be careful with them. The majority of them are scams which is why your chances to pick the best one are very slim.
NFTs are good, but the there's a good chance that you could lose the value in the upcoming future and that's what gives their risk. I mean, it's like buying a valuable painting with no sure odds or no assurance at all that you can gain profits from holding it and sell it in let's say a couple few years from the date when you bought it. NFTs to me are all about hype and that makes them nonsense for making them as an assets as they could be more of liability to you.
When you write that NFTs are good, what do you mean? What are they good for, and for whom? For the collection makers? Absolutely. For marketplace owners? Absolutely. For end users? Absolutely not. Although during a hype these tokens can bring a good profit, but it happens not so often. Now the NFT industry is stagnant, many collections have been forgotten and will never be remembered, and NFT owners of these collections are now counting the losses.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Don't even bother. A lot of my friends quit their play to earn NFT games after the rug pull of that game. Sure there might be sort of "fun" factor there, but considering that we're talking about earning money in here through NFTs, you might just end up grinding over and over again without having a satisfying result.Since you also mentioned that you have limited budget, keep it in Bitcoin and if you're really desperate in NFTs, just some parts of your salary in your 9-5 (if you have one) and invest that to whatever NFTs are you planning to invest or purchase.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it.
So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make.
You are right, that overall NFTs move with hype and when the hype is over it will end with our money, and new NFTs will emerge with the hype and so on. So bitcoin is the best option to be used as an investment tool with the limited budget that OP has.
NFTs are highly risky investments and they should be avoided not only by newbies but even by long-term cryptocurrency investors, investing in NFTs is like gambling you can lose everything at once so there are worthless and just hype.
Put in more efforts in learning the basics of cryptocurrency and how to effectively manage the risk factors and the level of patience you need before you invest in any coin, a lot of so good but scam projects have flooded the market over the years, but with due diligence search, you could lay your hands on some few good coins to invest in.
Put in more efforts in learning the basics of cryptocurrency and how to effectively manage the risk factors and the level of patience you need before you invest in any coin, a lot of so good but scam projects have flooded the market over the years, but with due diligence search, you could lay your hands on some few good coins to invest in.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I personally won't recommend purchasing NFTs as they're not certainties when it comes to NFTs. Infact there's higher possibility of one loosing out from the purchase than benefiting. NFTs are known to be ridiculously priced as the value is simply based on perception and not on the intrinsic value of the content. I'll rather advise a beginner to go with Bitcoin than NFTs.
NFTs are good, but the there's a good chance that you could lose the value in the upcoming future and that's what gives their risk. I mean, it's like buying a valuable painting with no sure odds or no assurance at all that you can gain profits from holding it and sell it in let's say a couple few years from the date when you bought it. NFTs to me are all about hype and that makes them nonsense for making them as an assets as they could be more of liability to you.
I personally would not recommend beginners who are just getting into Crypto to buy NFTs. What do beginners do with it? I think there are no greater benefits than investing in bitcoin. I would recommend more for beginners to start with bitcoin, yes it is the best choice. While investing in bitcoin, we have plenty of time to learn about everything, including NFTs (if you want to buy NFTs) later. Actually I also won't mind when they insist on buying NFT, because it's their full right, here I only give the best advice, and I think many people will agree with what I'm saying.
Beginner+low budget. But NFT's are not meant for beginners. They are highly risk assets. They are not like a typical crypto where you can just sell them anytime you want in the market. And also they are not budget friendly but all legit NFT's are expensive in price. It can range to millions or even billions. You as a beginner in crypto I would only recommend you to go with crypto coins first.
You can choose if you want altcoins, tokens or bitcoin. The reason why I didn't limit you to with bitcoin is because its value is also expensive. There are still great alts and tokens out there which you can easily buy per piece. A good example would be polygon's matic.
You can choose if you want altcoins, tokens or bitcoin. The reason why I didn't limit you to with bitcoin is because its value is also expensive. There are still great alts and tokens out there which you can easily buy per piece. A good example would be polygon's matic.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I'm still wondering why you are more interested in NFT than trading Bitcoin or Altcoins?For those of you who are just starting to invest in NFT, remember not to get involved while NFT is still speculative and not everyone's work will be sold.
Tips for those starting out
- Don't buy random NFTs, try to come from sources that already have names and can be used for more of the NFT, for example to be used in the world of Metaverse, etc.
- for creators, try to be consistent, determine a new theme besides that think about NFT that can be used, whether in games, communities or others.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it.
So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make.
As a beginner in crypto you need to fill your mind with knowledge first in order to become aware of what projects are worth to invest in. Bitcoin and established alts are always a good option but you don't need to rely on what we're saying, dig deeper because that's how you can understand everything to make a right decision.
As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it.
So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make.
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