Is it wise to invest in nft art work? - page 2.

Ekyfitri

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I'm not very good at art but I know what is beautiful.
I believe that if you want to invest in the market and you do not have sufficient competence then you better do not do it.
The nft market, as for me, is very overheated and the value of nft in the future will not be as great as it is now.

this all depends on the request. when more and more projects are in the NFT market but the demand is still small of course it will not get a good correlation.
however, if the demand continues to increase and the trading of NFT assets is getting busier. in the future, everything will be better than now.

thesosorr

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Quote from: Vickylalaland on August 04, 2021, 02:03:43 AM

NFT market is booming recently, many people are investing more and more in NFT art work.
But I think the potential of these art work might be overvalued.
Take an example, I've just participated in an NFT art work value prediction on X Predict market.
Most people estimated the final bid value will be more than 150 busdt, but actually it reminds at 77 budst.
I think it's a sign that most nft art work is overvalued.
It's so easy to make nft art work now, the value of the work itself depends on it's art value after all, nft didn't really add anything on art itself.

Since it has such good potential, perhaps NFT deserves a higher rating. Because, a good work of art deserves to be valued with a high value even though he is a platform that can give birth to coins.
That's what I think my friend.

MSN02

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Yes, in my opinion the NFT market is going to continue to boom. NFTs are going to become much more mainstream and they will be used for many things. Although right now ETH is the king of NFTs, I believe that this is slowly fading out. It’s to expensive for regular people to mint and it’s to costly for regular people to buy, so I think that NFT will really start taking off when they are moved off of ETH and made more mainstream on other platforms. I personally love using MINTBASE and Paras on NEAR. They are fast, cheap and simple. The community is also very supportive with marketing so it’s an overall great experience. I’m excited to see where NFTs go in the future because I think that they will continue to grow and an exponential rate.

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Quote from: Bagong91 on August 05, 2021, 01:48:56 AM

NFT very popular at the moment but personally I think that investing in nft may not necessarily have many reasons why I don't dare to invest in NFT, one of which is because I really don't understand judging an art and whether if I buy an NFT it will be worth it in the future.

So it is better to invest in bitcoin or altcoin, which has a bright future. We know that NFT is one of the trends coming up in the crypto and if that trend is ending, that will not be easy for NFT to survive because the new trend can dominate the crypto market like what happens to NFT. But I admitted that NFT gain more attention from the investors and I see many of them are making a profit from NFT. They know how to use NFT to make money and leave NFT before the trend ends as that can make it difficult for them to make money.

isaac_clarke22

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I haven't encountered any single NFT artwork just yet. Most of the NFTs that I encountered were mostly from games. It could be that there is this specific game item that people tend to buy with real life money and not just an in-game currency that mostly are bought through credit cards.

There is this one named Beeple that sold his painting for $69M. I am not sure if this is really worth the investment, but it is an amazing painting I must say.
[Beeple sold an NFT for $69 million] [TheVerge link]

Bagong91

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NFT very popular at the moment but personally I think that investing in nft may not necessarily have many reasons why I don't dare to invest in NFT, one of which is because I really don't understand judging an art and whether if I buy an NFT it will be worth it in the future.

RussianEnglishTranslation

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NFTs on Ethereum are overpriced, try buying on platforms other than opensea on different chains, like NEAR and Mintbase. You can find a lot of cool art there cheap and there is a bridge to Ethereum for NFTs if you want to sell them there later for some reason.

DOH!

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NFT is a form of hype, some works sell for 6 digits, an exaggeration in the blockchain world for art. Lol, to me, NFT is a bubble but has a future. It will address the gaps that still exist in the art world. I have decided to invest in some NFTgames, I simply like them and I don't like other art genres like NFTmusic, NFT painting. The decision is for each person.

goaldigger

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Quote from: Johnyz on August 04, 2021, 06:17:09 PM

NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

I also support this one, NFT games are more active right now and those NFT artwork, only the lucky one will get a huge price for his artwork and for the record not all art was appreciated and being sold in the market, NFT art are quiet crowded already with a little demand.

NFT games is the real trend, there are so many new project and the old one was became active in the past days, they are joining the hype and if its a good Game, I believe its worth buying and playing.

yazher

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To be honest I never heard of NFT artwork before and how it will provide you exclusive ownership since it is a digital property and it's not some physical thing where you can check whether it's fake or not. Which project are you talking about? do you mind sharing it with us here? I've come across NFT items on online games but not some art works. Maybe it will highlight us when we read more about it.

Dread Pirate Roberts

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I don't know specifically what NFT artwork which platform you're talking about. which I can remind you is to invest wisely . and also doing research first. indeed NFT is currently popular but also you have to choose wisely and had to really sure about that, at the end its about your money and asset value . because not everything is worth it.

harizen

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Observed it and make a final analysis if it's really wise to invest in NFT artwork.

You can compare it when someone badly needs an item, maybe to collect stuff, and will do everything to get it. The same goes for NFT but in a digital form. The future price of it depends on availability and demand.

Take the example in Godzilla NFTs before on Wax. Lots of Godzilla fans purchase some limited collections, simple as that. But others ride the hype even they don't actually know who or what Godzilla is. They are having a hard time now selling it.

nurilham

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Nothing wrong to invest in NFT, but choose the best artworks only. There are too many NFT artworks right now, not all of them are the potential to survive and continue to develop. Just be careful to choose NFT artworks. I suggest buying the most popular and the top artworks, this way can avoid having NFT that may lose their values significantly in the future. You should be smart, not only wise. Wink

Kelvinid

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Quote from: Vickylalaland on August 04, 2021, 02:03:43 AM

NFT market is booming recently, many people are investing more and more in NFT art work.
But I think the potential of these art work might be overvalued.
Take an example, I've just participated in an NFT art work value prediction on X Predict market.
Most people estimated the final bid value will be more than 150 busdt, but actually it reminds at 77 budst.
I think it's a sign that most nft art work is overvalued.
It's so easy to make nft art work now, the value of the work itself depends on it's art value after all, nft didn't really add anything on art itself.

I'm not sure if this will just stay for long that is why I'd never had the interest to invest NFT tokens for now. What I did is to still observe the market trend. We know how devastating ends when the hypes are over, can't imagine what happens to the previous projects where they all gone after the hypes and that might be possible for the NFT's projects. I certainly don't rush, I simply put my money in a reserve position and wait when the surge is over coz that is the only way to find out if there is a potential or another useless project.

AliMan

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Quote from: Vickylalaland on August 04, 2021, 02:03:43 AM

NFT market is booming recently, many people are investing more and more in NFT art work.
But I think the potential of these art work might be overvalued.
Take an example, I've just participated in an NFT art work value prediction on X Predict market.
Most people estimated the final bid value will be more than 150 busdt, but actually it reminds at 77 budst.
I think it's a sign that most nft art work is overvalued.
It's so easy to make nft art work now, the value of the work itself depends on it's art value after all, nft didn't really add anything on art itself.

I wondered how to do this, because right now I foresee a good potential for art made by my cousin and maybe it will definitely gather good rewards of hardwork.
Hopefully, everyone who got the talent of art will surely become successful because of this nft art work. Can you share us here now the steps in getting ways how to join or even share talent using nft art?
On this idea I am confident that one day, NFT will soon reach the most profitable value.

tabas

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Quote from: Johnyz on August 04, 2021, 06:17:09 PM

NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

Maybe we're not just really into art if we don't see the worth of that art. I like arts and I don't know how valuable they are to the people that are buying it these days.
I like to see them how they're evaluated but I don't think that I'll buy one for myself. There are just the other things that we're prioritizing and NFT arts are not part of it.

Johnyz

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NFT is the trend right now but I don’t see the worth of an art because some are just way expensive so I’d rather to invest more on the NFT games that I see its worth and I can work on that to earn more money. You’ve to analyze if you think Art is worth your money before you invest and don’t invest if its just because of the hype.

lalabotax

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NFT is a new trend right now. It is likely another hype token type in the crypto world. However, NFT and games are more usable and have more utilities than others. If the NFT is really real use case crypto, it may survive a long time. But I am personally not interested in them getting for a long term. I will prefer to utilize them to get profit in the short term, not for the long term

Traderbtcc

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Quote from: Hobo66 on August 04, 2021, 02:59:22 AM

Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

I think we are the same, honestly after reading several thread about NFTs I still don't get why most of them are damn too expensive, I got to see a bot account on twitter that always makes a post when ever someone buy a cryptopunk and to my greatest surprise non of those cryptopunks were sold below 100 Shocked

, I saw one cryptopunk NFT been sold for over $800k+, I'm still in shocked at how somehow can spend $800k+ on an NFT, I think the NFT hype is just getting started.

Dragonfund

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Quote from: Hobo66 on August 04, 2021, 02:59:22 AM

Nft trend is really amazing. I didn't understand the logic of NFT. People now showing great interest toward nft and even simple Images are sold on 50 ETH. I did not understand what will happen to this nft if no buyers there.

I don't know why and I am skeptical about the whole hype about artistic work that everyone are heavily investing on, perhaps because I'm a black man who don't value art work. Only the white value this fine art though its very few but how they threw lots of Ethereum to purchase them surprise me a lot.
NFT has been on trend since earlier this year, if it's something that may not last long, it will be long forgotten but still, they are been shilled here and there.

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