Is it wise to invest in nft art work? - page 3.

rahmathidayat93

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Quote from: oemar bakrie on August 04, 2021, 06:48:04 AM

not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

The very new ones certainly won't be able to surpass the already popular Bitcoin and Altcoins, because they are struggling to always stay in crypto, while Bitcoin with some of the more popular Altcoins is throwing away the development of new ones for themselves to make them look better.

wheelz1200

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 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.

It's like any other market really. NETS have made a lot of people a lot of money but then there are those that paid high and are stuck with an unsellable asset. Buy at your own risk. For my owning an internet picture sounds worthless to me, but that's just me. Think this is just a fad.

Silberman

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 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.

You are answering your own question and the answer is a clear no, are we going to see a bunch of NFT art being valuable over the next years? I think the answer is yes, however is the majority of that art going to be completely useless and will have no value during the next months or years? And the answer to that is also yes and it is almost impossible to try to predict which piece of art is going to be valuable and which will not so the majority of those that are investing in this market are just wasting their money.

huu78

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There may be some points that make them so valuable. Nft here is digital art, it's the same as art in the real world they don't have a selling price, they sell a work of art with an auction system. it's really confusing they pay for an item without a base price.

Gayong88

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It looks like it will be like that but for 100% to happen everything has a process and time and if I'm not mistaken Messi also enters the world of NFT Crypto https://prnt.sc/1j3kdbb

KennyR

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Investing into NFT is going on as a big trend of the cryptocurrency at present. With that we need to be very careful choosing the NFT for investment. For people who doesn't have a better understanding about the NFT it is like a wild gamble. You invest on an unique art and you might not profit big, but a cheap NFT could get you big reward.

cricketkhampion

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I think yes because NFT) is going famous very fast so I think it is wise but first, you should research that NFT is real or fake because NFT can be fake so be careful NFT may not be as reliable as you think 8

Sterbens

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And don't forget that not all NFT end up with good prices, they all have the characteristics and uniqueness of the NFT. Because NFT is made not only as a work of art. Where the value contained is also the most important point. Then what you notice from NFT is how many artworks were released, is it supply, or the artworks made can't be reproduced? Even though it is scattered,
only the people who buy it have a legal ownership license, then pay attention to the aesthetics. It is contained in all the rules and characteristics that must exist in the NFT.

Rocky993

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At present there is so much hype about NFT but in the next case NFT will have no value Because in the next case, the NFT collection will increase so much that it will not be of any importance to anyone

uneng

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In my opinion it's not a good investment because as you said, it's overvalued. I prefer to invest in practical things that actually have a real function in life, so the value of the item can be easily explained and understood. Digital art pieces in NFT format opens large margins to pure speculation, what is very dangerous for investors.
What makes a masterpiece a real masterpiece is its originality and uniqueness which so far I haven't found in virtual art works. Modern artists appeal to common elements of the daily life to represent their works and sell it for thousands or millions of dollars. It doesn't make sense at all if you exclude the money laundering possibility.

Snappycoco

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For now I believe it is but not to hold up until next year. NFT artworks is now a trend and as a trend, more and more people are into it now which makes the price overvalued. When it reached its peaked, it will slowly be fading away. So yeah, I believe its good to within a year but not more than.

asriloni

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Yes it's wise as long as you can understand how the value on the art work. It's not all of the artwork really valuable at this moment. The only rare art that will always be bought by the big players.
You can also try to see that on some news sites if limited art will have a good chance to increase on its price compared with the common art.
It's worth as long as you can understand about how to make your investment became worthless

michellee

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Wise or not only you will know as you need to observe by yourself and not depend on others opinion. Some people can say it is wise to invest in the NFT project, but others will not say the same. But for me, I prefer to invest in bitcoin, which can give a profit in the future. Besides that, we do not know if the NFT project can stay and survive for a long time because who knows, after the trend ends, there will be a new trend that will replace NFT. Cryptocurrencies are growing more than now, so I am sure that the new thing will develop and be invented later.

tyz

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 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.

As always, it depends on what NFT artwork you invest in. If it's uniquely good artwork, then it may well be worth investing in today and get a good price development in the future. However, most offers are currently in my opinion bad and totally overpriced by the hype. That is why I do not see the vast majority as a good investment.

lablab03

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Nft is really trending nowadays, maybe it's good idea to make investment to have good return. As the matter of fact those nft games really explode and alot of people who invest money even the price is so high they really made good profits from it. How much more with artwork? Seems so easy IMO, but of course we need to pick which author is popular or good with artwork so that we can assure it's worth it after all..

tvplus006

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Quote from: oemar bakrie on August 04, 2021, 06:48:04 AM

not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

Investing in a work of art is NFT only if it is really a work of art, and not a painting by an unknown author, issued by thousands of copies. I can't even imagine how much an NFT can cost, which will be based on a Banksy drawing, which will be released in one copy. And currently, the market is full of cheap NFTs that are not of artistic value.

cheezcarls

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Quote from: Vickylalaland on August 04, 2021, 03:03:43 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.

Investing into NFT artwork is like you are buying a piece of art but digitally encrypted on the blockchain. However for the long-term in my opinion, I would rather invest in an NFT with special use cases such as Axie Infinity, Cryptoblades, Splinterlands, Trade Race Manager, etc.

If you are deciding to invest in a piece of artwork and hopefully flip it for profit later on, just decide at your own risk. Only invest what you can afford to lose and DYOR as much as possible.

flyeers309

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Actually I'm an art fan but I still don't really understand NFT because I often see some NFTs being sold at very expensive prices. It's true that the value of each work will be very different from one another, but for now I still have no intention of buying it, if someone gives an airdrop for free, I will usually claim it

danherbias07

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I guess this proves I am not really into art. Grin

I only like NFT games and investing with them using my own time and effort to make it grow too or use those NFT's for ease in-game. But, when it comes to arts and bidding on it, I have no idea about it or is it just because I don't have any interest.
I have once saw bids grow with an amount no one expects and I think most of us got that news in social media and even mainstream medias.
Once upon a time I had interest with NBA cards and now they selling it as NFT but it's different when it's a physical card collectibles.

oemar bakrie

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not all will be successful, because only some can be successful if it is an art project that has high potential..
will not be able to exceed like bitcoin or altcoin..

Topic: Is it wise to invest in nft art work? - page 3. (Read 556 times)