NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
Depends on the NFT, NFT has made lots of people millionaires, when nft hype was not much as compared to now, those who bought cryptopunk nft at cheaper rate are in huge profit, imagine buying up to five cryptopunk nft back then and selling them when the hype was huge, do your research, buy nft that has prospects in future keep it and wait for some month's, you will realise that Nft is a good investment 
Topic: Can NFT be used as an investment? - page 2. (Read 330 times)
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
no, NFT is not suitable for investment whatever the reason. NFT is profitable when the NFT is still hype, but when the hype fades the value of the NFT will slowly go down. I've seen many cases like this, and that's why I don't think NFT is for investment. but if the question is about "is nft still profitable". I would confidently say that nft is profitable.
so my question is, is NFT good for investment?
It's both of yes and no. Yes, if you know what to invest and buy. Because it's not just because a thing is called NFT, it's already good to buy. There are also ugly NFTs that don't have a value and you might buy that if you're looking generally to the NFTs as good investments.
There are specifics of it on which you should buy. And, this is the Speculation board for Bitcoin and not on NFT discussions, move the thread to Altcoin Discussions.
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
Just because NFTs are happenings within your country and your circle is onto it, doesn't mean it's a good investment. You should be wary of whether it is a bubble or not, try to learn the concept and the idea of NFT itself. If you think that there is something worth mesmerizing, you should dig deeper in case you want to consider it as an investment. Just don't follow the masses and try to research it on your own. 
I don't think so, NFT is nothing more than a digital collectible where the price is determined by what you like and the price is welcomed by the buyer (personally). NFT also has 0 liquidity, meaning that the NFT you sell is not guaranteed to be sold even at a lower price than other similar NFTs.
You invest in NFT the same as risking your money on the item hoping one day you will find someone with similar tastes.
You invest in NFT the same as risking your money on the item hoping one day you will find someone with similar tastes.
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
No its not!Its risky i would say and those things above mentioned are definitely on point.There's no assurance that the said NFT you had bought would really be ending up in fortunes because
it would really vary with the demand and most of the time it would be depending on hype or interest and if you cant see anything that sparks out interest on what you had bought
then dont expect that you could gain something from it.
NFT's are shit most of the time specially those pixelated arts and some sort.Even those images can be seen in google.
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
I think some considering it as investment already since there are nfts they bought cheap and becoming expensive. Well its quite not sure that nft investment will always secure profit but some made tons of money out of it.It's very bad for investment and here's the reason.
- The price is totally subjective depends on someone or people opinion.
- The demand depends on the interest
- It's not liquid
Well for those who dont know what to buy and when to sell I guess. Yes it maybe inliquid, but how does those other people gaining huge profit from it? I think its depend on nft and its demand. - The price is totally subjective depends on someone or people opinion.
- The demand depends on the interest
- It's not liquid
It's very bad for investment and here's the reason.
- The price is totally subjective depends on someone or people opinion.
- The demand depends on the interest
- It's not liquid
Seeing this as investment is the worst choice. This can also be easily manipulated when you have invested in the crowded NFT like karafuru or something else. You can't sell your NFT easily even this totally depends on your luck.
- The price is totally subjective depends on someone or people opinion.
- The demand depends on the interest
- It's not liquid
Seeing this as investment is the worst choice. This can also be easily manipulated when you have invested in the crowded NFT like karafuru or something else. You can't sell your NFT easily even this totally depends on your luck.
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
Depends on on what your perspective of a quality investment is.NFT was started as to digitize an art piece and give some buyer the ownership of that and is a very noble concept in my opinion. But over the few years, it became a method to turn things of very little significance into huge hype-inspired bubbles.
To me, this sort of marketing of an "asset" raises eyebrows and I dont feel comfortable with it. But dont let my personal feelings change your opinion, which I would like to hear as well.
Many companies are now using NFT as a sort of marketing strategy to market their already saturated products to a niche market that might include crypto enthusiasts. This reminds me of the old days of the ICOs after which they died out. Hence I am very skeptical about the future which seems to have moved from ICOs>Stablecoins>Staking>DeFi>NFT and something new coming next year or so.
yep, since Genesis accept nft as a collateral for loans and there is also NFT's that give you passive income just for hodling.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
Depends on on what your perspective of a quality investment is.NFT was started as to digitize an art piece and give some buyer the ownership of that and is a very noble concept in my opinion. But over the few years, it became a method to turn things of very little significance into huge hype-inspired bubbles.
To me, this sort of marketing of an "asset" raises eyebrows and I dont feel comfortable with it. But dont let my personal feelings change your opinion, which I would like to hear as well.
Many companies are now using NFT as a sort of marketing strategy to market their already saturated products to a niche market that might include crypto enthusiasts. This reminds me of the old days of the ICOs after which they died out. Hence I am very skeptical about the future which seems to have moved from ICOs>Stablecoins>Staking>DeFi>NFT and something new coming next year or so.
NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?
Jump to: