Uncertainty in the NFT market - page 3.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: minhtra on July 03, 2022, 07:38:19 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

Especially I think because NFT biggies like BAYC are priced in ETH,,, yes, as soon as ETH trades for one entire week below 1k, these NFT floor prices are going to drop beyond what we think is possible.

The naughty NFT tricksters are up to wash trading tactics again also I am hearing on some marketplaces and STILL only can make 10% of February trading volume!

globalpain

full member

Activity: 1260

Merit: 103

The OGz Club

Quote from: virasisog on July 03, 2022, 12:13:09 PM

Quote from: 2tang on July 03, 2022, 08:47:14 AM

Quote from: minhtra on July 03, 2022, 07:38:19 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

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

You can rely on Bitcoin and Ethereum as the market situation basis because most altcoins, as well as NFTs, rely on them but for me, the current market season is not a good time to invest in NFTs but rather potential and top coins that could resist the bear season. You can actually check the previous market history so you'll have an idea of the possible things that could happen.

That's right it's better with the current conditions we take advantage of to buy or invest in potential coins than NFT,
actually it depends on individual preferences but for me NFT is not promising,
What's clear is do research first and all decisions are in our own hands

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: mercutos on June 30, 2022, 12:20:18 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 suggest you take a lot of time doing research on google and youtube and on this forum, but giving a piece of advice:

do not put your money in these NFTs at this time when the market is in great uncertainty about which direction the price will go

Quote from: mercutos on June 30, 2022, 12:20:18 PM

I'm new here please treat me well Tongue

why do you think like that? looks like you're not a new member

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: minhtra on July 03, 2022, 07:38:19 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

They have been down all along with the market. We don't know once bitcoin recovers big time if they're also going to recover.
We still don't know if this is going to be up again once the whole market is up too. I'm thinking of the same craze and mania for ICO and NFT, and we shall see if there's really a resemblance for each of them and if it happens, we'll see that it won't be the same as before.

saint_casanova

member

Activity: 234

Merit: 10

Quote from: goaldigger on July 02, 2022, 04:57:17 PM

Quote from: Balmain on July 02, 2022, 12:26:16 PM

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

There’s still a buyer but not like before, maybe the bear market affects those investors again and they just want to own real coins with a good utility, NFTs right now is on a big trouble because if they can’t survive this bear market, what more in the future. If OP still decided with NFT, better to analyze again and go for the top NFTs, I just don’t advise to buy any NFT art here, that expensive art might not be worth it anymore in the future.

I think people force themselves to be smarter after every cycle of the bear market. It was the ICO and all of it variants back then, 2018. After the 2018 bear market has gone, no one care to those ICOs anymore. I think the same will happen to NTFs after this bear market is gone. Look for the next market trend instead of the already overhyped and lack of momentum NFTs.

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: 2tang on July 03, 2022, 08:47:14 AM

Quote from: minhtra on July 03, 2022, 07:38:19 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

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

You can rely on Bitcoin and Ethereum as the market situation basis because most altcoins, as well as NFTs, rely on them but for me, the current market season is not a good time to invest in NFTs but rather potential and top coins that could resist the bear season. You can actually check the previous market history so you'll have an idea of the possible things that could happen.

2tang

sr. member

Activity: 1414

Merit: 259

Undeads.com - P2E Runner Game

Quote from: minhtra on July 03, 2022, 07:38:19 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

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

minhtra

jr. member

Activity: 79

Merit: 2

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

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: goaldigger on July 02, 2022, 04:57:17 PM

Quote from: Balmain on July 02, 2022, 12:26:16 PM

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

There’s still a buyer but not like before, maybe the bear market affects those investors again and they just want to own real coins with a good utility, NFTs right now is on a big trouble because if they can’t survive this bear market, what more in the future. If OP still decided with NFT, better to analyze again and go for the top NFTs, I just don’t advise to buy any NFT art here, that expensive art might not be worth it anymore in the future.

When hype is over then expect that there would really be in less purchase of nft's which its normal specially now that there are lots of rugpulls that do happen specially talking on those nft games
and if we do talk about those images then i dont really see the potential of it and dont know why there are still people who do really fan on buying shitty images just because they do believe that
it could really be having the potential to rise its value in upcoming years to come. Uncertainty is normal because we do know that trends do come and go thats why its normal
that we would see that it do really changes.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: Balmain on July 02, 2022, 12:26:16 PM

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

There’s still a buyer but not like before, maybe the bear market affects those investors again and they just want to own real coins with a good utility, NFTs right now is on a big trouble because if they can’t survive this bear market, what more in the future. If OP still decided with NFT, better to analyze again and go for the top NFTs, I just don’t advise to buy any NFT art here, that expensive art might not be worth it anymore in the future.

hugeblack

legendary

Activity: 2702

Merit: 4002

They are currencies linked to media hype. When it starts rising, it will rise and vice versa. But what is happening now is not encouraging, and therefore it may be an ideal opportunity if you believe that this technology has value. Otherwise, it is better to invest in something you can believe in.
In general, I do not expect it to move positively during the next two years.

Jody.Drummer

hero member

Activity: 1708

Merit: 566

Leading Crypto Sports Betting & Casino Platform

Quote from: mercutos on June 30, 2022, 12:20:18 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

You are asking in the right place!
So don't hesitate to ask anything you want to know. All members are very friendly and will give you various answers.

In my personal opinion, not only NFT but altcoins are currently in a state of uncertainty as the bear market starts to turn bad for all prices. Talking about NFT it will go much further due to excessive price and image manipulation. So if you are interested in NFT, then reconsider undoing the intention. Try to research further as far as you can. There is still a lot of time to learn, make sure you really have the right decision. It should also be remembered that investing in NFT is one of High Risk and High Return, NFT is also for me very different from crypto in general.

Balmain

hero member

Activity: 2156

Merit: 685

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Anybody investing they're hard earned money into NFT's should expect the money to be trapped for quite some time imho. As already mentioned itt, these things are highly illiquid... Meaning it's hard to sell for the price you want if you already want out of the investment. But it could be lucrative just like the ICO's of old. By that I mean 2016 - 2017.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: mercutos on June 30, 2022, 12:20:18 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

There is no uncertainty at all, investing in NFTs is a bad idea, I would even argue that it was a bad idea to invest in them even when they were going up in value and everyone was talking about them as their value was based on nothing but hype.

And now that the hype has passed all of the people that are still holding NFTs are finding out there is no one they can sell them, meaning they paid a fortune for something that anyone can enjoy anyway and now they do not have anything to show for the massive investment they made.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: mercutos on June 30, 2022, 12:20:18 PM

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

You mean you wanna know if there are ongoing uncertainties in nft's? But why and what if we say there are? Will you use that as your advantage and you will invest more? Well that strategy is a good one only if you will apply that on the standard cryptos but for the nft's? Nah, I don't think so.

There are really uncertainties going on even on the top crypto projects because we are on a bearish season but the uncertainties going on for the nft's are different. It was permanent because their hypes are already over and even if the bear season ends and bull run takes its place, the situation for the nfts are still going to be the same so think about it before you invest on them.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

NFT arts in general are a big no since they heavily lacking in liquidity even if they are valued that high.
If it's an NFT game with real sustaining economic model then most of the time it's great for investment.
though the current market is in heavy downtrend so don't think most of the NFT projects gonna recovery anytime soon.
Instead it's still a great time to accumulate as most of NFT projects are losing their value heavily.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: mercutos on June 30, 2022, 12:20:18 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

99% scams steer clear unless you want to donate your money. Seriously though does it seem logical that these "art projects" deserve the money that's being thrown at them. If your answer is no you are on the right track, if you think yes then have someone else adage your money and thank me later lol. Seriously though steer clear.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: mercutos on June 30, 2022, 12:20:18 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

NFTs are too risky, because of the hype and the possibility of losing the hype. Though as of the moment, there’s still a good numbers of NFTs currently listed in the market, and you might want to do more research about it before investing. I still believe that NFTs era is not end yet, after this bear market most of the NFTs will rise again, especially the P2E platforms.

ryzaadit

legendary

Activity: 2660

Merit: 1261

You're late.

NFTs hype now is over, we can take from basic simple research from "Google" search peek about "NFTs". Is now showing lack of interest, another example from Restaurant who vouch "Bored Ape" with payment Crypto & NFTs is no longer accept that.

One bad things investing on NFTs is about the orderbook, in some case you can't even find a buyer. So try to educated you're self, and think twich to investing in NFTs.

Topic: Uncertainty in the NFT market - page 3. (Read 568 times)