Bitcoin price and NFTs market | Bitcointalksearch.org

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Quote from: fullhdpixel on July 26, 2022, 01:55:12 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, 07:22:11 PM

Quote from: Xal0lex on July 29, 2022, 03:36:16 PM

Quote from: hichamito37 on July 29, 2022, 10:10:22 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, 03:36:16 PM

Quote from: hichamito37 on July 29, 2022, 10:10:22 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, 10:10:22 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, 09:13:04 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, 04:52:05 PM

Quote from: MCobian on July 26, 2022, 03:27:44 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, 03:27:44 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, 01:55:12 PM

Quote from: o48o on July 26, 2022, 05:26:15 AM

Quote from: leea-1334 on July 21, 2022, 02:59:05 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, 05:26:15 AM

Quote from: leea-1334 on July 21, 2022, 02:59:05 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, 02:59:05 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, 01:37:29 PM

Quote from: serjent05 on July 23, 2022, 05:54:20 PM

Quote from: re-start on July 18, 2022, 09:13:04 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, 05:54:20 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, 01:37:29 PM

Quote from: serjent05 on July 23, 2022, 05:54:20 PM

Quote from: re-start on July 18, 2022, 09:13:04 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, 05:54:20 PM

Quote from: re-start on July 18, 2022, 09:13:04 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, 09:13:04 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, 11:42:57 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, 09:13:04 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.

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It's not yet end for the NFTs. The bitcoin trend was pushing and reducing the demand for the NFTs. that's the correlation with the bitcoin. If the hype will be coming again and the floor can be pumped again by the whales. I know that utility has become the main concern but remember if so many tokens without any utilities can be pumped by the whales with no reason. The same thing can be applied to the NFTs as well. The only problem is if it's so hard to sell NFTs.
that depends on our luck. The correlation of NFT to the bitcoin is pretty much the same like altcoin. sometime it was going up and down depend on the trend in the market.

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Quote from: re-start on July 18, 2022, 09:13:04 AM

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

The increase in bitcoin doesn't seem to stop yet because the price is now at 23.3k usd. I just hope that this is not a bull trap anymore but this was a road for a new all time high or bull run on other words. About the nft's. That was already expected even before because most of them are only in for the hype and now that their hype is gone, their price will obviously decline but to the question if this was the end of nft's? I think no.

This was not their end yet because there are still nft's which are worthy and those nft's can remain for a long time. Maybe when the bull run returns, those potential nft's can also recover so don't lose hope just yet.

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A small rise in Bitcoin does not mark the end of the bear season. I think bitcoin should rally first in order to price altcoins and other digital assets. There is not that much interest and investment in NFTs as it is the bear season right now, but I don't think the interest will ever end, even I am very hopeful for NFTs in the next rally. BTC has already turned red again, it was a short-term bullish.

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Quote from: leea-1334 on July 21, 2022, 02:59:05 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!

Most altcoins even NFTs rely on the price of Bitcoin but compared to other altcoins, NFTs are still unestablished to resist the current market situation. It will take time for them to pump and recover. Lucky are those who bought altcoins before its hype but those who bought during the market hype will surely take a long time to recover their losses.

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What normally happens is that BTC goes up, then large cap alts, then mid cap alts, then microcaps. I'm not sure where NFTs fit into that, maybe they pump with the microcaps. I've never been an NFT investor but a lot of people have gotten rich from it. I like to invest in web3 L1 chains, like CNDL, FTM, and MATIC.

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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!

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Quote from: re-start on July 18, 2022, 09:13:04 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?

with those then I must be thankful because i vested only in Bitcoin and other currencies but never in NFT's , I don't know but i felt like not liking this from the start , maybe because of the negativities that is happening in going on in those projects inside NFT and most recent in what had happened to the Axie infinity and now so many people are crying of losses.

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Quote from: re-start on July 18, 2022, 09:13:04 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?

Bitcoin and NFT's? are you seriously comparing those?

Bitcoin has a Big community and support while NFT's are still seeking for much bigger investors to support their platforms .

and also lets not expect everything will follow the increase of bitcoin because that seems to be out of the route .

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Quote from: Xal0lex on July 19, 2022, 04:50:54 PM

Bitcoin isn't worth half its previous 2021 price either. So is this the end of the bitcoin world? No, of course not. Bitcoin has only recovered 4,000 since the last deep drop, the recovery is just beginning and we are talking about an asset that has been on the market for a long time, has strong fundamental support and support from strong investors. And for such type of cryptocurrency as NFT to reach at least half of its past values will take a very long time. We are in a deep bear market right now, many altcoins, even promising ones, are down 85-95%, but that doesn't mean it's the end for them.

I think that it is really very difficult to draw any serious similarity between Bitcoin and NFT. They are two completely different things.
I am even convinced that the NFT market will not be able to follow the growth of Ethereum itself, which is much more related to it. I'm not at all sure how much NFTs have a real basis on which their value is based.

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NFT actually depend on the hype and mostly of NFTs didn't have utilities. NFTs are also illiquid. The price may be dropping with the goes of time. Those high priced NFTs are actually overvalued at this moment. I meant NFT is different than coin.

Only a few NFTs that can still defend its price from the dump due to the bearish market.

majority of NFTs have been fallen so hard to the bottom.

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Quote from: re-start on July 18, 2022, 09:13:04 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?

This simply proves out that not all projects and trends could really be always that correlated with bitcoins price or would be together be lifted up whenever there's a green in the market.
It would always be depending or basing up on someones potential or a project which does have actual relevance and support.Im not saying that NFT trend is shit but majority of them are just flooding out into the market without having that usefulness or function but there are some which are really that having potential.

We cant say that its over for NFT market but we are really heading there if we dont really see something or something that the community wants.

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Bitcoin isn't worth half its previous 2021 price either. So is this the end of the bitcoin world? No, of course not. Bitcoin has only recovered 4,000 since the last deep drop, the recovery is just beginning and we are talking about an asset that has been on the market for a long time, has strong fundamental support and support from strong investors. And for such type of cryptocurrency as NFT to reach at least half of its past values will take a very long time. We are in a deep bear market right now, many altcoins, even promising ones, are down 85-95%, but that doesn't mean it's the end for them.

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IMO, There is nothing new for Bitcoin price movement because the BTC price normally moves up and down depending on the market situation. But for the NFTs, I don't think it was appropriate to attach it to the Bitcoin price movements because it is not connected. Bitcoin is the dominant cryptocurrency in the market and is commonly used by traders and investors so it's inappropriate to attach it to the collectibles theme like NFTs, Anyway, I believe that Bitcoin can influence the top ranking Altcoins price movements in the market but for NFTs, I don't think so.

icalical

sr. member

Activity: 1358

Merit: 268

Graphic & Motion Designer

NFT are collectibles not commodities like Bitcoin so you can not value both the same, and I don't think the price of Bitcoin could directly affect NFTs Price, it will only affect the price of the coin use to buy the NFT. Most NFT are just there to be collected it does not have any utility except the NFT for In-Game Item, so I don't think you could do any technical analysis, and even the fundamental analysis would be very hard to define.

batang_bitcoin

hero member

Activity: 2968

Merit: 600

Eloncoin.org - Mars, here we come!

Quote from: re-start on July 18, 2022, 09:13:04 AM

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

Maybe, the hype was over for the NFTs. If you're into it and still holding one, you need to make your own research if that NFT you own has active developers.
Because in the BAYC, I'm starting to see that they're into continuous development and all of those BAYC NFT holders are testing a game that's made for them, I have no idea if it's an NFT p2e game.

ololajulo

sr. member

Activity: 2226

Merit: 270

Chainjoes.com

Bitcoin pump does not rule out that we are in the bear market. I think ethereum hardfork news is driving it and after we might get back to a dump. At the moment NFT has a future in the space especially with those in gaming, music etc with solid use cases. U had better stick with spot trading alone and not long time with most of the altcoins

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: re-start on July 18, 2022, 09:13:04 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?

At a time when the entire cryptocurrency market began to decline about six months ago, the NFT market was still flooded with new "artists" and ideas. It was obvious that at some point it would just overflow. There is a chance that it will still rise, but in my opinion the NFT market is already saturated and this could be the beginning of its end.

o48o

legendary

Activity: 2856

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: re-start on July 18, 2022, 09:13:04 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?

Every crypto went down and when bitcoin shows that it might be bottomed out, how are you ruling that nfts are dead and not bottomed out? You have no basis on even speculate on that. I personally believe that BTC has seen the bottom but it doesn't mean it won't be visiting there again. And most alts and nfts will follow.

minhtra

jr. member

Activity: 79

Merit: 2

If ETH price continue to go up, i expect NFT floor price to fall if investors are cautious and want to risk manage holding their NFT and sell ETH for dollars first

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: re-start on July 18, 2022, 09:13:04 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?

well probably that means the whole market is not yet fine reason why most altcoins including NFT's are not doing the same way like what is happening right now ON bitcoin. And surely it will take time in such situation because of FOMO that always happened every time when there's a changes in the market..

re-start

jr. member

Activity: 48

Merit: 37

Without hustle, talent will only carry you so far

Quote from: Charles-Tim on July 18, 2022, 09:18:02 AM

This should be on altcoin board so far the discussion is about NFTs, not bitcoin.

Because bitcoin pumped to $22500 does not mean the bear market is over, I only always advice people that want to hold for like a year or 2 to hold for now, not short term holders because we do not know if bitcoin price will plummet further. But we all know that all-time-time is certain.

About NFTs, I do not know much about the tokens, but I know that it will be risky for those that buy it, only people that will make most profits are the people that mint it and the celebrities.

I can never advice anyone to buy NFTs. But this is not the end of NFTs

Well, the main point is about Bitcoin. I agree with you. If we look at the one-year chart of Bitcoin, we see that we were in a better position last year, and if someone bought Bitcoin last year, he's lost a part of his money today.
In my opinion, this market is not suitable for 1-2 year holding!

There are 2 ways:
1: Daily trading
2: Holding (at least 4-5 years)

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Collectibles don't rise in value linearly. Some are heavily inflated though (like the game tokens) and some are just not going to be sought after (at least for a while).

NFTs also face problems for things like liquidity if they're unique enough to be attractive to higher end investors.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

This should be on altcoin board so far the discussion is about NFTs, not bitcoin.

Because bitcoin pumped to $22500 does not mean the bear market is over, I only always advice people that want to hold for like a year or 2 to hold for now, not short term holders because we do not know if bitcoin price will plummet further. But we all know that all-time-time is certain.

About NFTs, I do not know much about the tokens, but I know that it will be risky for those that buy it, only people that will make most profits are the people that mint it and the celebrities.

I can never advice anyone to buy NFTs. But this is not the end of NFTs

re-start

jr. member

Activity: 48

Merit: 37

Without hustle, talent will only carry you so far

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?

Topic: Bitcoin price and NFTs market (Read 305 times)