Uncertainty in the NFT market - page 2.

leea-1334

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Quote from: LouVandetta on July 11, 2022, 10:00:07 PM

Quote from: leea-1334 on July 10, 2022, 05:45:10 AM

Takes scammers to run a scam Sad

That's the reality of this crypto world, it takes scammers to run a scam indeed. And it's scary to think that scammers are getting smarter and creative in plotting their scam each passing days. And every single time, there's always those people that fell under their scammy scenarios. They could make the most of the trends at the time to scam everyone, be it a new projects, a copy-cat of other projects or NFTs.

Not really if I am being honest the scammers have not gotten smarter, they use the very same ideas in 2016 and 2017, talk about hype, hire influencers, open groups, create fomo. New tech, new tokens, but the same sales tactics are in use and the people who fall for them, surprise! Are also the same type of people.

Trends do not change the tactics,,, and some people refuse to learn lessons.

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Quote from: leea-1334 on July 10, 2022, 05:45:10 AM

Quote from: serjent05 on July 09, 2022, 06:37:43 PM

I think this kind of fraudulent projects will always pop up every time there is a new trend. Scammers are experts in exploiting the trending and hot talk of the industry. They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas. And still unwarry investors always take the bait.

And as much as I want to fell sorry for the people who get scammed because they took the bait,,, in my experience many of them are not even first time scammed.

Just as many scam projects are actually having the same owners behind them,,, the same fake influencers and shillers,,, you also have the same set of speculators.

Takes scammers to run a scam Sad

That's the reality of this crypto world, it takes scammers to run a scam indeed. And it's scary to think that scammers are getting smarter and creative in plotting their scam each passing days. And every single time, there's always those people that fell under their scammy scenarios. They could make the most of the trends at the time to scam everyone, be it a new projects, a copy-cat of other projects or NFTs.

Quote from: usekevin on July 09, 2022, 07:36:34 PM

Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

If only it was that easy. Sadly, once you invested on NFTs or any other projects, it didn't guarantee you that the price will bounce back or recover even when the market's prices back to normal.

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Quote from: usekevin on July 09, 2022, 07:36:34 PM

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.

Before telling them to be patient, they should take advantage of the information first. Knowledge beats almost everything even the attempt of a scammer to scam people. So put the patience on digging for information about new and available NFTs that you have an interest in. Study them and check them for red flags. If you are still uncertain then don't hesitate to pass.

Quote from: usekevin on July 09, 2022, 07:36:34 PM

So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

It isn't that simple, thanks to the scammers and money-grab devs that exploit NFTs. Aside from that, the market trade isn't that easy because of lots of competition out there.

lixer

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Quote from: usekevin on July 09, 2022, 07:36:34 PM

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

No, he wasn't into trading cryptos but he clearly said investing in nfts. Patience is indeed a must on everything that we do here in crypto because like for example on this year, the bear is taking too long to be completed and many are expecting that this can last till next year.

If you don't have a patience, you already sold and look for other faster way to earn. No one is exempted in this bear but everyone is affected including those nft's even if they are slightly different from cryptos. It may not be possible to sell and make a profit right now but this is a good time to invest whether it was a promising nft or a simple cryptocurrency.

leea-1334

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Quote from: serjent05 on July 09, 2022, 06:37:43 PM

I think this kind of fraudulent projects will always pop up every time there is a new trend. Scammers are experts in exploiting the trending and hot talk of the industry. They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas. And still unwarry investors always take the bait.

And as much as I want to fell sorry for the people who get scammed because they took the bait,,, in my experience many of them are not even first time scammed.

Just as many scam projects are actually having the same owners behind them,,, the same fake influencers and shillers,,, you also have the same set of speculators.

Takes scammers to run a scam Sad

usekevin

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Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

serjent05

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Quote from: Oilacris on July 08, 2022, 03:29:41 PM

Just like into that ICO boom where people do really believe that it could bring out fortune into them until the market had been flooded out by lots of shit and garbage projects which we dont really need.

People are always attracted to high profit in a short time. Even though there are several red tags and warnings regarding the possible loses on this kind of high-risk investment, they just don't listen.

Quote from: Oilacris on July 08, 2022, 03:29:41 PM

Lots had been scammed and lots had lost their money or investment but people or the community doesnt really learnt up from those mistakes and keep supporting and investing on things which are obviously scam and not really worthy and from ICO we do see IEO,Defi and here comes NFT and we dont know on whats next.

I think this kind of fraudulent projects will always pop up every time there is a new trend. Scammers are experts in exploiting the trending and hot talk of the industry. They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas. And still unwarry investors always take the bait.

Quote from: Oilacris on July 08, 2022, 03:29:41 PM

Every investment does have risk which it is depending on someone where they would really be that mindful on following risk management and good emotional handling.

Aside from that, they should always check the developer's true background because it is rampant in this crypto industry to fake the developers background.

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Quote from: Oilacris on July 08, 2022, 03:29:41 PM

Just like into that ICO boom where people do really believe that it could bring out fortune into them until the market had been flooded out by lots of shit and garbage projects which we dont really need.

Lots had been scammed and lots had lost their money or investment but people or the community doesnt really learnt up from those mistakes and keep supporting and investing on things which are obviously scam and not really worthy and from ICO we do see IEO,Defi and here comes NFT and we dont know on whats next.

Every investment does have risk which it is depending on someone where they would really be that mindful on following risk management and good emotional handling.

I think we are not at that level of NFT anymore, we are at a level where it's bear market so only the good ones are getting any attention. I am still seeing some amazing art work, and not just like 10k collection type of ape shit, I mean like real art work by the artists, are getting sold for a high amount. Just recently I saw someone sold their art for 1 million dollars, without a problem, and that was just one digital product.

This is why NFT is still alive, it is just not alive for the people who are trying to scam others by doing silly ape stuff or punk stuff or whatever. That type of stuff will not fly anymore, people are not willing to spend much anymore.

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Quote from: mercutos on June 30, 2022, 01:20:18 PM

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I'm new here please treat me well Tongue

If you want to dip your toes into NFT investing, try participating in some NFT airdrops or bounties first. This way you can try trading/flipping your NFTs and see if it's profitable for you before you jump in the deep end of the pool. I know that MAXX . Finance has a free NFT giveaway going on right now on their website. The NFT will be used on their upcoming DeFi platform, so in addition to being rare it will have real world utility (unlike most NFTs which are just art) and should be worth a lot of money on the secondary market.

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NFT market after the huge dump recently got REKT. To be honest, even how quality the project is they are dumped together with the entire cryptocurrency market.
For me, I don't hate NFT but last time it went crazy, it is during a bull market when everything is pumping. So for me, waiting for it to happen again is a good entry, maybe there is a new trend that will cause hype, we will never know if it's still NFT or still NFT just another wave.

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Quote from: mercutos on June 30, 2022, 01:20:18 PM

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I'm new here please treat me well Tongue

As a result of the bear market, it is extremely difficult to make a profit from investing in NFTs at the moment, since most of the NFTs have dropped considerably in value. If you love it but are still not completely sure then you better not invest. If you invest in anxiety and insecurity, it will make you unstable and prone to wrong actions. You should look at the top coins during bear season, wait for the bull season to come and see if NFT generates any more hype. It's not too late to invest at that point.

Iyeman

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honestly majority of the NFT has been having massive correction, so I guess most of them have been showing their true worth, so if you wanna invest I guess it's the best time, regardless though most of the NFTs are lacking in liquidity
you could invest in them but you could hardly liquidate the NFT arts and the likes. so basically even if we are in rallies NFT is still a really bad choice for investment since there's small liquidity and there are just better investment alternative out there.

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Quote from: CapGelatik on July 04, 2022, 01:55:52 PM

NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

I have to disagree somehow since NFT was just driven by the hype that's why it's so trendy in crypto space but in reality those who owned it made a lot of money than those who buy it. Plus not to mention the stealing of different artworks from someone without putting the real credit to the owner... it's so rigged just like how those ICO and other new alt projects.

Maybe bear market would have a little effect on the NFT market but it still doesn't change that they were just so trendy because of the hype created everywhere.

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Quote from: wxa7115 on July 08, 2022, 01:12:47 PM

Quote from: Teraboy on July 04, 2022, 06:43:48 PM

we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

Correct, I do not see where people see any kind of uncertainty at the NFT market, most people have always seen in the NFT market a manipulated market full of scammers and useless products that at the end will be worthless.

And surprise surprise that is exactly what happened, so while I am sorry for all of those which let the hype get through their heads and bought those useless coins at the end they are getting exactly the results the community thought they will get, so they have no one to blame but themselves for their losses.

Just like into that ICO boom where people do really believe that it could bring out fortune into them until the market had been flooded out by lots of shit and garbage projects which we dont really need.

Lots had been scammed and lots had lost their money or investment but people or the community doesnt really learnt up from those mistakes and keep supporting and investing on things which are obviously scam and not really worthy and from ICO we do see IEO,Defi and here comes NFT and we dont know on whats next.

Every investment does have risk which it is depending on someone where they would really be that mindful on following risk management and good emotional handling.

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Quote from: Teraboy on July 04, 2022, 06:43:48 PM

we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

Correct, I do not see where people see any kind of uncertainty at the NFT market, most people have always seen in the NFT market a manipulated market full of scammers and useless products that at the end will be worthless.

And surprise surprise that is exactly what happened, so while I am sorry for all of those which let the hype get through their heads and bought those useless coins at the end they are getting exactly the results the community thought they will get, so they have no one to blame but themselves for their losses.

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Quote from: mercutos on June 30, 2022, 01:20:18 PM

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I'm new here please treat me well Tongue

As for the uncertainty, it is probably now in many and in different markets. Of course, this is due to the current situation in the world. As for the uncertainty in the NFT market, one thing can be said here, no one can know for 100% what will happen next, so all decisions that are made are made at your own risk. NFT, of course, did not appear today or yesterday, and therefore, to some extent, they have already been successful. However, now that many NFT markets are in a downturn, it may also be influenced by this, hence the uncertainty. I think that we need to wait until the crisis is over, and then the uncertainty will probably go away and there will be more opportunities to achieve success, including in working with NFTs.

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Why are you feeling uncertain? The price already dumped so hard and the hype was gone but the main reason must be the bearish trend. During the bearish trend and everything will be wiped out from the market. It odens't even matter what it is and a lot of new tech will be going down as the demand to invest were also decreasing a lot. I think that this time is the best time for the accumulation mode. Im sure that if people aware about that.
I have been also accumulating more and more tokens from the NFT project. I were picking it caused by token was liquid compared with NFT which illiquid.

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Quote from: minhtra on July 03, 2022, 08:38:19 AM

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000 and ETH below $1,000 before another rout

Most NFT are down in a big way because there is actually no demand for them. It was very popular due to hypes and who knows if those NFT sold at million price is a legit sale? Wash trading is rampant in cryptocurrency especially when they are hyping the market. So it won't surprise me if they are just buying their own NFT just to create hype or noise in the market.

Quote from: CapGelatik on July 04, 2022, 01:55:52 PM

NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

I don't think NFT will be hyped again when the bull market comes. Before many do not know about it and were affected greatly by hype so they jump in without thinking. Now that they saw that NFT isn't something special I doubt people will get hype again.

Teraboy

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we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

CapGelatik

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NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

Topic: Uncertainty in the NFT market - page 2. (Read 500 times)