Bitcoin price and NFTs market | Bitcointalksearch.org

South Park

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Quote from: fullhdpixel on July 26, 2022, 12:55:12 PM

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

Bitcoin is simply too influential, when it goes down almost all the market does the same at the same time and those coins have the tendency to crash even harder than bitcoin, however when it goes up not every single coin does the same, I really believe that the hype of NFTs is not going to ever repeat with the same intensity that we saw, since the losses that market has produced are massive, only a few people won while the rest are now holding useless NFTs in exchange for the massive amounts of money they used to pay for them.

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Quote from: hichamito37 on July 31, 2022, 06:22:11 PM

Quote from: Xal0lex on July 29, 2022, 02:36:16 PM

Quote from: hichamito37 on July 29, 2022, 09:10:22 AM

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

Perhaps, as you say, it is possible that the hype will fade in the future, but it will not completely disappear. Like other trends, there will still be a small corner of the market and there will also be a small segment that continues to participate and invest in them. This will increase the diversity and richness of the market.

But will it be called a hype? More like a natural process of industry development, the emergence of competitors, the struggle for a place in the sun. The big hype in NFT may not happen anymore, but local hypes in NFT may appear from time to time. But judging by the past history of the industry, the market seldom likes to repeat itself and most often launches completely new categories of projects as a hype.

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Quote from: Xal0lex on July 29, 2022, 02:36:16 PM

Quote from: hichamito37 on July 29, 2022, 09:10:22 AM

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

Perhaps, as you say, it is possible that the hype will fade in the future, but it will not completely disappear. Like other trends, there will still be a small corner of the market and there will also be a small segment that continues to participate and invest in them. This will increase the diversity and richness of the market.

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Quote from: hichamito37 on July 29, 2022, 09:10:22 AM

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

hichamito37

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It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

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Quote from: re-start on July 18, 2022, 08:13:04 AM

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.

But about the NFTs market.

Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

There is no way we can compare bitcoin with any coins now include NFTs in terms of price fluctuations. Bitcoin will recover certainly but most of the NFTs are not going to recover forever. NFTs has highly over rated and that is why people invest in it without looking back and since those that were favour benefit from it then many of us without much knowledge invested and are loosing money. Bitcoin is going to make another all time high but many of the alt are going to fade away.

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Quote from: Xal0lex on July 26, 2022, 03:52:05 PM

Quote from: MCobian on July 26, 2022, 02:27:44 PM

Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

It would be more correct to say that all NFT projects are not safe for investment. These tokens can be categorized as very high-risk tokens. I would even say, with extreme risk. NFT can lose hundreds of times in value in just one year, which is more than the vast majority of known altcoins that have been on the market for at least 1 year. Investing in NFT is more of a gamble than a real investment. My reasoning is from a retail investing perspective, of course.

Its never been safe since in the first place if we do really tend to look at before where pixelated images do get millions of dollars into its value which i dont really see any relevant or solid consideration on why the heck these images do value that much and until the time comes where nft had touched gaming and other further industries which do really increase even more with the hype i must say
which make things even more vague for it to be considered as a good investment and would be holding for long term.It is really just worth i would say but if someone who do really see up the opposite
then it is really just depending on someone since we do have our own decisions when it comes to that manner.

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Quote from: MCobian on July 26, 2022, 02:27:44 PM

Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

It would be more correct to say that all NFT projects are not safe for investment. These tokens can be categorized as very high-risk tokens. I would even say, with extreme risk. NFT can lose hundreds of times in value in just one year, which is more than the vast majority of known altcoins that have been on the market for at least 1 year. Investing in NFT is more of a gamble than a real investment. My reasoning is from a retail investing perspective, of course.

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Quote from: fullhdpixel on July 26, 2022, 12:55:12 PM

Quote from: o48o on July 26, 2022, 04:26:15 AM

Quote from: leea-1334 on July 21, 2022, 01:59:05 AM

That is what I said even back in November though, when ATH was happening I warned those who were waiting for 100k BTC that whatever the ATH price, when things crash,,, NFTs will crash even harder.

BTC and ETH are about 35% of their ATH right now which is not so bad if you think about it.

But NFTs? Lucky if you are at 10% of ATH!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

Bitcoin price movements are really very volatile, after a few days before the Bitcoin price started to rise, now the price of Bitcoin is down again
to the price of $20k. This, of course, greatly affected the price of altcoins, which also experienced a decline, including the NFT market has
decreased as well. However, because some NFT projects are still trusted by some big investors, so there is still a possibility that NFT projects
will recover. But if we really want to invest in NFT, remain careful by always monitoring the movement of the NFT market on a regular basis,
however the risk of investing in NFT is very high. Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

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Quote from: o48o on July 26, 2022, 04:26:15 AM

Quote from: leea-1334 on July 21, 2022, 01:59:05 AM

That is what I said even back in November though, when ATH was happening I warned those who were waiting for 100k BTC that whatever the ATH price, when things crash,,, NFTs will crash even harder.

BTC and ETH are about 35% of their ATH right now which is not so bad if you think about it.

But NFTs? Lucky if you are at 10% of ATH!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

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Quote from: leea-1334 on July 21, 2022, 01:59:05 AM

That is what I said even back in November though, when ATH was happening I warned those who were waiting for 100k BTC that whatever the ATH price, when things crash,,, NFTs will crash even harder.

BTC and ETH are about 35% of their ATH right now which is not so bad if you think about it.

But NFTs? Lucky if you are at 10% of ATH!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

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Quote from: Oceat on July 24, 2022, 12:37:29 PM

Quote from: serjent05 on July 23, 2022, 04:54:20 PM

Quote from: re-start on July 18, 2022, 08:13:04 AM

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs. Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover. Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

The rarity of NFTs is also very important. Be careful listing NFTs for sale on Ethereum as the gas fees can often cost more than the NFT is worth when you sell it. It's better to use Ethereum sidechains like Polygon, Candle Chain, and Fantom.

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Quote from: serjent05 on July 23, 2022, 04:54:20 PM

It is very insulting to compare Bitcoin market to worthless NFTs. Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover. Better shift your focus to more potential projects.

Yes, while NFT does not make me feel confident that I can invest there. Because I'm not sure myself, because NFT is only based on the judgment of the majority of people. That makes NFT prices will crash and it's hard to find the best prices anymore. In addition a few days ago I noticed that the NFT market which has Utilities is also experiencing a decline. Either this is related to the bearish BTC or indeed the hype is running out. But this decline doesn't make me interested in buying again, I prefer tokens or coins that have a fast and large volume.

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Quote from: Oceat on July 24, 2022, 12:37:29 PM

Quote from: serjent05 on July 23, 2022, 04:54:20 PM

Quote from: re-start on July 18, 2022, 08:13:04 AM

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs. Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover. Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

It's their choice, we can't force them or they have to do what we do. They can still invest in NFTs and altcoins but as long as they are aware of the risks it will bring and not just looking at their short term returns.

My assets consist mostly of bitcoins and top altcoins, but I still invest in shitcoins, but only a small portion (about 10%) and I am always willing to take the risks it brings. If I lose, it won't affect my life at all.

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Quote from: serjent05 on July 23, 2022, 04:54:20 PM

Quote from: re-start on July 18, 2022, 08:13:04 AM

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs. Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover. Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

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Quote from: re-start on July 18, 2022, 08:13:04 AM

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.

But about the NFTs market.

Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

It is very insulting to compare Bitcoin market to worthless NFTs. Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover. Better shift your focus to more potential projects.

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Quote from: GreatArkansas on July 22, 2022, 10:42:57 PM

Quote from: ?? on ??

NFT has become a trend since the last 2 years and makes the market continues to shine, and now more and more projects are diverted to Metaverse and Web3, but with the number of users, developers and a strong community I am sure NFT will continue to survive and increase.

For me, there was a hype that happened with NFT / DeFi during the bull market recently. But overall, it's just a part of the market, it's like for every cycle or bull market, there is a trend just like 2017-2018, it was the ICO fever where most every altcoin are just pumping even how shit altcoins are.
For me, the use of recent dump also to get rid of some scam projects and worthless projects on the market.

True, The market trends are the one that is changing every bull market. The last bull market favored on NFTs, GameFi, DeFi, Meme coins and other that I didn't mention. Even the most crappy projects are getting funds from the community because of the trend. It's the cycle that keep happening inside the bull market, So it's important to filter out the projects that are born during the bull market. The inflow of projects during the bull market is massive compared to the number of project that is born during the bear market. This is why we need to filter out bull market projects because as we know, Most of the project can't survive when bear market arrives.

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Quote from: ?? on ??

NFT has become a trend since the last 2 years and makes the market continues to shine, and now more and more projects are diverted to Metaverse and Web3, but with the number of users, developers and a strong community I am sure NFT will continue to survive and increase.

For me, there was a hype that happened with NFT / DeFi during the bull market recently. But overall, it's just a part of the market, it's like for every cycle or bull market, there is a trend just like 2017-2018, it was the ICO fever where most every altcoin are just pumping even how shit altcoins are.
For me, the use of recent dump also to get rid of some scam projects and worthless projects on the market.

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I'm not sure if the OP is understanding what this person is looking for here, but what is the obvious connection you're referring to here?
The fact that their prices fluctuate during this time is also not worth discussing, as we all know the fact that the NFT trend has been exaggerated before and it has weakened with the decline of the market. and maintain only a handful of projects. I'm sure the next time the market situation gets worse, we won't have as many people interested in this trend anymore.

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Quote from: re-start on July 18, 2022, 08:13:04 AM

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.

But about the NFTs market.

Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

Unless the NFT market goes through a major transformation then it is possible that something similar to what happened to icos happens to them, it seems that you are relatively new to the forum so you probably don't know but during the previous bull run icos were incredibly popular and almost everyone was interested in investing in them, but then people realized that a great deal of them were scams, and since then that particular model has become obsolete and it is something that could happen to the NFT market as well.

Topic: Bitcoin price and NFTs market (Read 394 times)