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Topic: Is this the end for NFTs? - page 4. (Read 546 times)

legendary
Activity: 3248
Merit: 3098
June 14, 2022, 02:42:42 PM
#28
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.
legendary
Activity: 2086
Merit: 1058
June 14, 2022, 06:41:22 AM
#27
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, 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.
hero member
Activity: 2856
Merit: 794
I am terrible at Fantasy Football!!!
June 13, 2022, 11:13:54 PM
#26
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?
This was a disaster in the making for a long time, investors were putting their money in NFTs as if they were as good as bitcoin, and that is simply not the case, NFTs must never be held for the long term and at best you can speculate with them, however it can be argued that even that is not a good thing, since it is impossible to know the fair price of NFTs when their market is always going through a massive amount of manipulation, so I am not surprised that with the current drop we are experiencing things are not looking good for them.
legendary
Activity: 2282
Merit: 1344
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June 13, 2022, 08:04:05 PM
#25
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?
It's not over for NFTs yet, in fact, they're still in the beginning phase. It's just that the market is in a bearish season and even top coins are affected. There are still lots of NFT supporters and investors who are waiting for the market to recover. The whole market isn't in good status so NFTs couldn't strike well. Let's just see how they would recover or boom when the situation gets better.
It was just the wrong timing this time. If you take look at how much the cryptocurrency market lost a few days ago, it's too much, most of the projects that are cryptocurrency-related are losing too much.
So for me, even how quality our project is, NFT or non-NFT, you must suffer because of the market is dumping. This is how the bear market works.
legendary
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
June 13, 2022, 04:04:05 AM
#24
Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.
Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

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.
full member
Activity: 1708
Merit: 126
June 12, 2022, 11:37:44 AM
#23
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?

It's not over for NFTs yet, in fact, they're still in the beginning phase. It's just that the market is in a bearish season and even top coins are affected. There are still lots of NFT supporters and investors who are waiting for the market to recover. The whole market isn't in good status so NFTs couldn't strike well. Let's just see how they would recover or boom when the situation gets better.
hero member
Activity: 2478
Merit: 582
June 12, 2022, 10:39:45 AM
#22
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?
Now this is what we are talking about the longevity of these so called nft's. If only those nft investors believe on us that nft's are only there for the hypes they wouldn't lose like what they are experiencing now but their heads are just hard so they deserve it. They should learn their lessons by now and won't rush to invest on the new stuffs that they see next time.

On the other hand, bayc nft's are so strong even before and they won't easily died down because they are backed by billionaires, add in that they released their own native coin called recently called ape coin. That is one of the reasons why they need to support the project to make it stay relevant on the game.
sr. member
Activity: 1666
Merit: 267
June 12, 2022, 09:48:45 AM
#21
Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.
Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

As long as there are supporters, NFT will always be there and survive, so NFT isn't over yet and maybe the hype will return in the near future.
Moreover, NFT is a relatively new trend in the crypto world, so before there was a replacement trend, NFT was still in demand. What is certain is
that we must be careful if the NFT hype returns, don't let us become FOMO and invest in the wrong projects. In the crypto world everything is risky,
so always do your research and analysis before making a decision, so that we do not choose the wrong projects for investment. We should not
be easily influenced by others, because sometimes other people promote projects just for their own sake. So make sure we make decisions based on
the results of our own research and analysis, because only we know what is best for ourselves.
sr. member
Activity: 2772
Merit: 357
Eloncoin.org - Mars, here we come!
June 12, 2022, 07:16:58 AM
#20
Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.
Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .
hero member
Activity: 2016
Merit: 701
June 12, 2022, 06:44:26 AM
#19
Yes I don't think it's easy for NFT to leave the crypto market because as long as there are fans and lovers of NFT games of course NFT is still being hoped for and certainly still alive and we also can't predict when NFT will end, which is definitely not in the near future.
NFT will end if there is a new concept that is almost the same as it in the crypto space and of course it can be better than the current NFT because the progress of NFT cannot be separated from game lovers and also the connoisseurs of the benefits that can be obtained through NFT so as to make NFT a little bit more advanced at the moment, but after a lot of downturn in the crypto market, I don't see any updates on NFT for now.
legendary
Activity: 2632
Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
June 12, 2022, 06:05:46 AM
#18
Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.
full member
Activity: 2464
Merit: 209
Eloncoin.org - Mars, here we come!
June 12, 2022, 04:06:21 AM
#17
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?
NFT trend is not here anymore and I don't think it will come back like what 2021 does again because People starts distrusting NFT and looking for new trend that will bring them easy money because projects like those?
and as what most  of them are turns BS in the end? I'm sure many of this kind will pop up in the future .
I will stick to  my strategy and that is buying only coins that saves my funds and time and those are the ranking currencies .
full member
Activity: 529
Merit: 101
June 12, 2022, 02:06:19 AM
#16
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?
NFT is still on their peak hype, though maybe you see their price down just because of the market situation but sooner or later they will rise again and those who bought at a cheaper price can able to earn more. If you see those good NFTs at a cheaper price, better to grab some since NFT is not done yet and they still have a lot of things to offer. I believe, NFT can still last longer here and most probably they will not die at all.

Yes I don't think it's easy for NFT to leave the crypto market because as long as there are fans and lovers of NFT games of course NFT is still being hoped for and certainly still alive and we also can't predict when NFT will end, which is definitely not in the near future.
full member
Activity: 2128
Merit: 180
June 11, 2022, 06:00:11 PM
#15
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?
NFT is still on their peak hype, though maybe you see their price down just because of the market situation but sooner or later they will rise again and those who bought at a cheaper price can able to earn more. If you see those good NFTs at a cheaper price, better to grab some since NFT is not done yet and they still have a lot of things to offer. I believe, NFT can still last longer here and most probably they will not die at all.
full member
Activity: 2086
Merit: 193
June 11, 2022, 05:56:33 PM
#14
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?
This is not the end yet, maybe this is just the effect of bear market which affects everyone here.
You can only tell its the end if they are not able to survive especially if the market starts to get better and they remain on their bottom prices. Though I see a critical level for the P2E, if they are no longer profitable most probably investors wont come back to them again.
member
Activity: 499
Merit: 16
June 11, 2022, 05:05:22 PM
#13
NFT is far from being dead. It's just that the general bearish market condition has spread across to NFT as well. We're still in the early stage of the development of the NFT ecosystem, more adoption from investors is still to come.
sr. member
Activity: 2044
Merit: 329
June 11, 2022, 04:31:04 PM
#12
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?
the majority of NFT and metaverse tokens are experiencing a decline in users, this is why their prices are dropping (mostly)...

https://coinmarketcap.com/view/collectibles-nfts/
https://coinmarketcap.com/view/metaverse/

I'm still doing research on NFT or metaverse projects that have great potential, in my research, I see the NFT market is entering a saturation phase. can't be sure when the NFT market will be bull again. For those who have already bought at a high price, you should just hodl your NFT assets.
hero member
Activity: 1946
Merit: 575
June 11, 2022, 01:40:58 PM
#11
I wouldn't really consider it "dead", but it would really be considered a bit of a problem at all, it would probably be considered something that would take a while before its "dead". I am guessing that the worst thing that could happen is also the best thing for the investors/users. Which is, do not spend that much money on NFT unless it provides you with a reason for it. There are a million NFT's coming out everyday, and they are just saying "look how great it is" and making it work somehow, not anymore, from now on investors will ask serious questions before they invest into anything and that will be great for us, but terrible for the NFT market cap overall.
hero member
Activity: 2002
Merit: 670
June 11, 2022, 12:11:56 PM
#10
I think NFT is definitely not dead and just lost interest in the process. Collectors will always be interested in NFTs good collectibles. Whether there are moments of licensed sports organizations, nft games should become a huge industry when you think about them. In fact, I think it has grown a lot and made a sound even already. I just think people need to adapt a little more.
legendary
Activity: 1652
Merit: 1265
June 11, 2022, 11:37:35 AM
#9
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?

NFTs were always just a pyramid scam.  Terrible art so don't give me that.  People bought in hopes they could sell it higher that's all.  They literally are the beanie babies of crypto.  Will be a funny story to tell in about 5 years that's about it.  Now the use of nfts will expand and have a use case but these "art projects" are all ways for the creators to get rich that's all.

NFTs == Dutch tulip crisis 🌷
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