Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
The technology behind NFT is incredible yet the current execution for that technology for now is somewhat terrible and the collectors are not that interested anymore because they will get heavily baited and get nothing from their own assets. People are hating NFTs because of how people misinterpreting NFTs and make NFTs are some stupid shit for them and that also makes this trend of NFTs are no longer exist. 
Topic: Is this the end for NFTs? - page 3. (Read 546 times)
In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.
I never imagined that now because the current situation is not good, especially the market so that developers may prefer to stay silent rather than create new products that cost a lot of money, because cryptocurrency enthusiasts are starting to get a little restless with the decline never ending price.
We haven't seen too much physical world got into NFT have we? I mean I am %99 sure that there must be plenty of shirt companies that already ripped of the designs of big NFT collections and printed all of them, specially the most rare and expensive ones. But that doesn't change the fact that we do not see plenty of people wearing them everywhere. I go out, and see zero NFT's in real life, in shirts, in billboards, in logos, in nothing basically.
It means that the "ownership" of NFT so far has been only "buy it or mint it early, and then sell it when it goes up" and not really nothing else. When people start to "use" it, then we may see it go back up.
It means that the "ownership" of NFT so far has been only "buy it or mint it early, and then sell it when it goes up" and not really nothing else. When people start to "use" it, then we may see it go back up.
In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.
I never imagined that now because the current situation is not good, especially the market so that developers may prefer to stay silent rather than create new products that cost a lot of money, because cryptocurrency enthusiasts are starting to get a little restless with the decline never ending price.
In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.
We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.
NFT has become something even hated by the crypto community, not just normal people. There is no point in NFT anymore when everyone just wants to sell their NFT to the higher bid. All the cool and rare stuff NFT were just empty promises to hype up the gullible people to dump it. I think this is better so we don't have a ticking bomb that bubbles up the crypto, making situation worse in the future.
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We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.
NFT has become something even hated by the crypto community, not just normal people. There is no point in NFT anymore when everyone just wants to sell their NFT to the higher bid. All the cool and rare stuff NFT were just empty promises to hype up the gullible people to dump it. I think this is better so we don't have a ticking bomb that bubbles up the crypto, making situation worse in the future. NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
I think the point is not in the NFTs themselves, but in the problems that have arisen in the world and in the market. I believe that now many investors, including those who have invested in NFT collections, are looking for a way to save their funds or even get into cash. This has always been the case when the markets go down. As for the NFT industry itself, I think it will continue to develop and, as you rightly noted, this requires new, more interesting ideas. For me personally, it would be better if NFTs were more tied to real assets or even businesses, goods and services, then probably NFTs could surprise many in the market and attract more attention from investors.
NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point. Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
It's not the end for NFT but NFT will be not so noisy like what it was a few months ago before bitcoin dumped so hard like this time. The price for for bored ape yacht NFT was falling so hard. This is telling us if NFT is also facing the same problem like another field when the bearish trend was coming. NFT will always still exist. I remember a few years ago when so many people called that defi will be dead but it's still exist till this time and so what's the differences?
We don't know what NFT will be like in the future because I don't think the NFT trend is over and it looks like it will continue.Maybe the NFT trend has started to fade but that's also what happened in the crypto market so NFT is also going down.
Although there will be a new trend in the future that tries to replace NFT, it looks like NFT will continue to exist because its potential has not been explored further.
But for now, it's better to invest in bitcoin than NFT because we don't know what will happen with NFT.
Right now I would say it’s not a great time to invest in one. Price can tank a lot depending how the future holds. Obviously many coins and tokens and crypto projects are suffering right now. Besides ETH and BTC everything is risky to buy right now.
When the market recovers will there be a NFT market? I think so. However I don’t think it will be as big as before where celebrities were talking about it left or right. Most likely there will be some other type of hype out there.
When the market recovers will there be a NFT market? I think so. However I don’t think it will be as big as before where celebrities were talking about it left or right. Most likely there will be some other type of hype out there.
NFTs is a never-ending story!
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Not quite, I think that there is still a lot of good future ahead of NFT, it is not possible to judge well now on NFT because the market is generally bearish and this leads to a complete decline in crypto, including NFT of course, but given the strength that NFT has, I expect that it will last for a long time if Good regulation has been put in place for it and the chaos that has occurred due to lack of strict controls has been eliminated. There are many important services that NFT can provide in the future, so I expect great growth in the future.
Not everyone is trying to shill to blow up a project though. Just like ICO days and right now, there are going to be SO many people becoming bagholders with a lot of life savings just tied up and down 80% or more.
So they're going to try and project an image of confidence to get even more people to buy to protect the slide.
People will be people, all looking for quick gains and it's so tempting now in this bear market.
Unfortunately that is the truth in all of the hyped projects in crypto. It could be like ICO, or DeFi, or whatever, they are all overhyped and that is why we are seeing it go down like this. However, if you invest into solid foundations and good fundamentals then you could make a profit, and that is how everyone should approach it. Like bitcoin is the king right?So they're going to try and project an image of confidence to get even more people to buy to protect the slide.
People will be people, all looking for quick gains and it's so tempting now in this bear market.
So, when you invest into shiba for a token, or cryptopunks or ape whatever for nft, then you need to realize that it will not be as long lasting as bitcoin and you will be quite upset about it. It's fine, you can make mistakes and it's fine, but you need to just realize you made a mistake and never repeat it hopefully.
However this is something that those which are entering the market for the first time have yet to understand, which is why they get seduced by those projects and then when the hype disappears they suffer the crash of the market, and only then they begin to look for answers about what happened, and that is when they realize how much they deceived themselves and the fact there is no chance at all for them to recover their money.
It's not the end for NFT but NFT will be not so noisy like what it was a few months ago before bitcoin dumped so hard like this time. The price for for bored ape yacht NFT was falling so hard. This is telling us if NFT is also facing the same problem like another field when the bearish trend was coming. NFT will always still exist. I remember a few years ago when so many people called that defi will be dead but it's still exist till this time and so what's the differences?
People will be people, all looking for quick gains and it's so tempting now in this bear market.
Unfortunately that is the truth in all of the hyped projects in crypto. It could be like ICO, or DeFi, or whatever, they are all overhyped and that is why we are seeing it go down like this. However, if you invest into solid foundations and good fundamentals then you could make a profit, and that is how everyone should approach it. Like bitcoin is the king right?So, when you invest into shiba for a token, or cryptopunks or ape whatever for nft, then you need to realize that it will not be as long lasting as bitcoin and you will be quite upset about it. It's fine, you can make mistakes and it's fine, but you need to just realize you made a mistake and never repeat it hopefully.
Bitcoin indeed is the king. Hold and use, because utility is what powers it right through the bear markets. Shitcoins/ICO etc I made my mistakes going for great ideas and POTENTIAL which is such a bad word for me now.
Utility is the only thing that matters. If people aren't using it, it's really not worth your time. NFTs and everything else are fads, no utility, just pure all out speculation.
it all reminds me of 2017. Then we had a big ICO hype, and there were some great announcements, and opportunities but then everything broke down in a very short period of time. most of them have never recovered.
Now it seems to me that NFTs and various DeFi are going the same way. someone who made a good profit might now try to buy cheap, but that is only the way to a pure loss.
Yeah , its been 5 years now when ICO boomed, there are many who made really good money on those projects , but more are losers , Even me had been a victim of scam ICO when i was new here and I blame nothing but myself as i become greedy those days.Now it seems to me that NFTs and various DeFi are going the same way. someone who made a good profit might now try to buy cheap, but that is only the way to a pure loss.
Now here is NFT and DEFI in which at 2021 really brings insignificant profit to others but also losses to many ,
But what can this be in the following years? is something people must be aware of.
The trend is giving very big impact to the NFT hype. People care about their money because we are in a very difficult situation. You must also aware if the hype will not be last forever. I think that this may not become the end for the NFT but it need years for NFT to wake up agian from the bottom.
Bitcoin is making anyone scared to deal with the NFT project anymore. It cna be seen from the gradual decrease that happened with majority of NFT projects in the crypto market since this was a new experiment in the blockchain.
Bitcoin is making anyone scared to deal with the NFT project anymore. It cna be seen from the gradual decrease that happened with majority of NFT projects in the crypto market since this was a new experiment in the blockchain.
I am able to recall those times, it was definitely a weird period and I still cannot believe that we are not that far from it, just using other stuff for it. I understand that it is not going to be exactly the same, but all of these NFT and whatever comes next, started from the era of ICO because that was the first time people started to pay other people to create projects, that changed everything.
Nowadays it is normal, but before ICO that was a weird thing because we had decentralization. Today, it is such a normal thing to give your money to others just so they would create some new projects and that makes absolutely zero sense to me overall but got practiced to what is the trends of this crypto space for both knowledge and for making profits.
Nowadays it is normal, but before ICO that was a weird thing because we had decentralization. Today, it is such a normal thing to give your money to others just so they would create some new projects and that makes absolutely zero sense to me overall but got practiced to what is the trends of this crypto space for both knowledge and for making profits.
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