NFT's are not a good investment, better get out ASAP - page 2.

Oasisman

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Quote from: Master of Shitcoins on February 13, 2022, 05:14:07 PM

Better buy coins, not NFT.

Tell that to those crazy rich people who has nothing to do with their massive excess money, but to create non sense luxuries to sell It to their fellow rich people and then create a hype on the latter so people catches their attention.
That's the secret to every successful business.
Create a name and hype and people will start buying your product, all perfectly the same as those NFT digital arts, they are useless and expensive. I'd rather have an expensive art that dont exist in a digital world for collection purposes.

Psynthax

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I don't know why people these days are seeing NFT as investment but some people are also using NFT as a way to spam non sense picture. What you are saying above totally true and i do agree with it. NFT is only a way to buy an NFT used to do something like playing the game or something else. people are looing their mind. So many people bought useless NFT. NFT is hype shit. Just look at this

https://opensea.io/collection/ghozali-everyday

A few weeks ago people are getting surprised to see that each picture from ghozali worth a lot of money but it gets dumped again. So many people are suffering huge loses.

Mauser

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Quote from: Master of Shitcoins on February 13, 2022, 05:14:07 PM

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

I agree with you that people should do a lot of research into NFTs before buying them, so they understand what they are getting themselves into. NFTs are not Crypto currencies which you can buy and just sell in a second on a exchange. Like you said, there is a lot of risk involved, but this risk doesn't mean it's not worth it to get into NFTs. Rather than looking at NFTs as a some crypto project, I would look at NFTs as art. When buying paintings or other form of art, the market doesn't move very fast. It takes time to match the buyer and seller and the price is very subjective. Also, everybody can buy a fake painting and put it up at home, but there is only 1 original. Same goes for the NFT, everybody can just copy&paste it, but there is only 1 person who actually owns it. As for any investment, we need be aware of the risk involved and there is no guarantee to make a profit.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: Master of Shitcoins on February 13, 2022, 05:14:07 PM

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Better buy coins, not NFT.

Like what whales love to do? try to build a project with good reputation and publicity and so they will lure more believers and investors not knowing that there is a trap in front of them , with a Blade waiting to slash their funds and took it from them.

While NFT is booming , the opportunity of this to dump sooner is there.

i have also invested in some NFT but after earning small profit? i dumped them all and now looking form other chances to invest .

Coin_trader

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Quote from: tarable on February 15, 2022, 01:32:55 AM

the investment lies not in the NFT but in the coins. NFT can be regarded as a work of art, whether it be music art, drawing art or other art.
you must be able to distinguish between NFT and coins and you must also know how an investment can be called an investment.

NFT is a wrapped token so technically its still a token so the NFT itself is your investment when buying it. The art/image/music is just attached to token during the process of minting that makes it an NFT that we all use for collection. NFT in general is a safe investment because its a digital art so it will not gonna expire or damage by holding it. The only danger in NFT are those price manipulation of whales just to hype the value of a certain NFT collection like cryptopunks and apes which doesn't make sense why it sells insanely high.

tarable

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the investment lies not in the NFT but in the coins. NFT can be regarded as a work of art, whether it be music art, drawing art or other art.
you must be able to distinguish between NFT and coins and you must also know how an investment can be called an investment.

Protomono

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Buy $BGL before it's too late!

I see NFT is full of risks, ranging from piracy to manipulating the buying and selling of NFT itself. But many people are now interested in selling NFT because the profits are so large that it is not surprising that there is a lot of rubbish NFT in Opensea. Cryptocurrency and NFT are both full of risk in my opinion, so you need to be careful so you don't lose and lose your investment.

Fundamentals Of

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I agree that NFTs are not a good investment. But it is also true that there are many people who have earned a lot from getting involved in NFTs either by buying and selling or the creation itself of NFTs. But I don't think that NFTs will have a much brighter future. NFTs are basically built on hype. This hype could be likened to the hype on ICO, DeFis, DAO, meme coins, etc. They will not last long. So if somebody is to enter into NFTs, dispose them as soon as profit is made. Don't keep them for long.

yazher

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You own the pen

In my case, I didn't bother to buy any NFTs rather I used it as an opportunity to sell any NFT items in my personal gallery. Never in my thought that I'm gonna buy those expensive animated pictures and hold them for so long before releasing them to the market because I know how fast can people's minds shift to another trend. The Crypto industry is evolving so fast, whatever platforms are trending now, might not be the case in the next year to come. so it's better to stick with the basic rules, buy low sell high.

pushups44

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I agree that as a general rule, and as acknowledged by the social media influencer Gary Vee (at least according to a headline I recently saw), many NFTs, if not most, will lose substantial value in the long run. There is currently a glut of supply and greed among investors, and this typically ends badly. I own some NFTs, but have been careful not to spend too much on them, and many of those I have I got for free. I'd guess certain NFTs will gain in value over time, similar to art or sports cards, while the majority will be poor investments.

TelolettOm

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I cannot say that all NFT is not an investment.
Some NFTs are seriously potential and we know the cocnept behind it. Moroeve rthe NFT with Metaverse.
We can see from what kind of NFT investment is that. Such other crypto projects, some NFTs may have high value and also cocnept behind it. But some NFTs are also shit, only created and sold in the very easy NFT platfomr in order to eanr money without cosnidering the value.
So, I think this may be for some NFT, not all

TastyChillySauce00

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NFT is not become an investment since it was getting created by some developers. Remember that the fact NFT full with manipulation and the price is totally subjective and that means the value is random and there's no clear thing to determine how much the price for any NFT.

Quote from: Flyingjack123 on February 14, 2022, 10:51:23 AM

Recently cent a website which sells tweets as nfts has suspended its services because of plagiarism related issues.
Open sea has also acknowledged high volume of fake and plagialized nfts.
I guess right now there are many scamsters out there in nft market so be vigilant and be safe

If that's true and that's so bad. That reminds me with those who said that copy pasted NFT from the opensea to duplicate bunch of NFT on opensea. People have non sense thing like that. So many fake volume and plagiarized volume. Remember that it can be minted anytime.

mobilestrike

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I was also amazed to see that why people are buying pictures with such a high price. But later I found that there are many projects and games where people are using that and their demand is good in their platforms so those who understand that and know how to process will not hesitate to buy them.

On the other hand there are art of the artists which are becoming worth high then they were from the past when these arts were in physical form. On many art exhibitions people buy the work of artists on millions of dollars.

Yogee

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There are a lot of normal images sold at an unreasonable price like those punks and selfies but there are also good ones. NFT for arts will have a really good market someday.

Quote from: YodasRedRocket on February 14, 2022, 06:07:11 PM

I can’t see myself ever investing in NFT’s. I don’t see the value 🤷🏻‍♂️

May I ask why? The description of the main post of NFTs are limited to pictures but there are other markets that adopted it like P2E gaming.

YodasRedRocket

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Nobody dies a virgin… Life fucks us all.

I can’t see myself ever investing in NFT’s. I don’t see the value 🤷🏻‍♂️

crzy

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Quote from: ?? on ??

If you don't understand the concept and what it entails it is okay to move to other projects of your understanding but don't make a public cry over something you have no idea of, while you are here raising alarm others are profiting from it,
Good thing there are other options, you can always choose what you are comfortable with.

Definitely right, you can’t force anyone to hate what you hate, they see opportunities in NFTs then so be it. Spending Millions on NFTs is nothing for them, I’m pretty sure they are already in profit now. We all know the end is still far for NFTs, this is still a new trend and if there’s a new one, most probably NFTs will stay to compete and that can happen in the next decade.

isaac_clarke22

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Quote from: asriloni on February 13, 2022, 06:59:08 PM

~

My colleagues are considering NFTs as investment just because their value grows overtime even if it was just another in-game item in a NFT game. It's quite common here in my country to stumble upon those stuffs and heck they're even hunting for more NFT games to buy some more items at and keep grinding the hell out of whatever that game is/was.

tyz

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Quote from: Master of Shitcoins on February 13, 2022, 05:14:07 PM

Better buy coins, not NFT.

I see it similarly! The high priced NFTs are a Ponzi scheme. As long as people are interested in paying even more, it works, but at the latest when now the interest rates will be increasing all over the world and the FED reduces its balance sheet, there will be less money left for such nonsense and then some people owing such NFTs will lose a lot of money.

Yaunfitda

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As you have said, this is the current hype so obviously, investors are going to flock their money on NFT. This is how the altcoin market moves, when there is a new trend, everyone wanted to get onboard and make money out of it. Of course, this is a game, when someone is making money, there is also someone going to lose. It's just a matter on where do you want to position yourself in NFT's right now. Everyone has a choice that's why we always said, do your own research (DYOR).

cheezcarls

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Looking for gigs

Quote from: Master of Shitcoins on February 13, 2022, 05:14:07 PM

NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.

But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.
It is not really scarce when always new collections are launched.

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Better buy coins, not NFT.

Your statement alone can't change everyone's mindset here. I disagree about stopping to buy NFTs. We have our own choices here, and it's our own risk to take. So if we choose to buy NFTs, then we have to accept the fact that it's considered "dead money", and we're just lucky if someone is actually buying it.

If I were to buy NFTs, I would choose something that has long-term real use cases and fundamentals like the play-to-earn games where your characters, weapons, skins, etc., can be much more valuable overtime (especially if you are one of the early adopters).

Topic: NFT's are not a good investment, better get out ASAP - page 2. (Read 343 times)