What's your take of NFTs? - page 3. | Bitcointalksearch.org

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Quote from: lixer on May 06, 2022, 12:49:29 PM

It is a noise because it's a new thing but along with that, there are scammers that will use the noise to take advantage and gain something for only for themselves.

Some time ago, thanks to the growing popularity of NFTs on the Ethereum network, there were large network fees and therefore good block rewards, which, as a miner, brought me a good profit at that time.

lixer

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Quote from: yhiaali3 on May 04, 2022, 11:12:46 PM

We cannot say that NFT is an investment in the sense of an investment, nor can we say that it is just noise because it has become a reality and continues to expand and spread, we can say that it is a new innovation and a revolutionary solution to some of the problems that we can encounter in Crypto especially scarcity and protection of intellectual property rights, I think it A civilized solution that corresponds to the development of the technical era, but of course there is a bit of exaggeration and chaos as well, for example there is an NFT worth nothing that was sold for millions of dollars and this is like crazy!!!

NFTs can be an art and in the real world there are people that invest on paintings and other artworks. They have a value and they can sell it later on. The same thing can also happen in NFT. It is a noise because it's a new thing but along with that, there are scammers that will use the noise to take advantage and gain something for only for themselves.

NFTs might started only as a concept and many people speculated it but now it becomes a reality which makes those speculators happy because finally their wish has come true but those that didn't expect this NFT, they are the ones that usually hate it. They think NFTs are just another useless addition in the crypto space.

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Quote from: Qiro on April 21, 2022, 04:55:19 AM

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

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I think that NFT have a great future. I have several NFTs. I am sure that some of them will turn into a good profit. The important thing here is that you must invest wisely because most of the people just follow the hype of NFT. Also I tnink the future is in NFT-based games. At present I am following the project "reptile chronicles". I'm interested in this project because it has its own deep lore and the game will be like HS. Therefore I'm really looking forward for the release of this game.

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Quote from: Google+ on May 06, 2022, 12:38:09 AM

As long as there are no more in-depth developments for NFT from now on, it is clear that the long-term future of NFT is still highly doubted by some people who may not be able to judge a work of art from others.
But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.

Obviously there's development happening, but the main problem of adoption is not really in nfts but digital identity locked into them, which you need to make trades that are accepted by regulators. Also there's issue of privacy that's totally lacking in all the current blockchains that have smart contracts.

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Quote from: Google+ on May 06, 2022, 12:38:09 AM

Quote from: Bloodseekers on May 05, 2022, 09:10:07 AM

NFT is currently very hype but I don't think it will work in the long term and to choose to invest in the long term it is very risky, better not. trade NFT now and take a little much better profit. Avoiding excess risk is much more profitable. because there is no guarantee that NFT as it is today can survive in the future.

As long as there are no more in-depth developments for NFT from now on, it is clear that the long-term future of NFT is still highly doubted by some people who may not be able to judge a work of art from others.
But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.

That's true because after all that development is very important for the survival of the NFT itself,
because if there isn't any development I think it will be left behind,
Let's just follow the progress and see if NFT will survive

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Quote from: Bloodseekers on May 05, 2022, 09:10:07 AM

NFT is currently very hype but I don't think it will work in the long term and to choose to invest in the long term it is very risky, better not. trade NFT now and take a little much better profit. Avoiding excess risk is much more profitable. because there is no guarantee that NFT as it is today can survive in the future.

As long as there are no more in-depth developments for NFT from now on, it is clear that the long-term future of NFT is still highly doubted by some people who may not be able to judge a work of art from others.
But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.

Webetcoins

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Even today NFT is losing the hype it used to have, which is a proof enough that we shouldn't really be worried about what's going to happen with it. I mean sure it does look like there is a chance to be making profit from it if we are lucky, but do you really want to base your investment and your future on just "luck", that doesn't make sense to me.

Even today if a project has enough attention they gather enough people to mint it right away all of it, and that ends up being a bit of a deal bigger than I expected because it shouldn't be able to get that many people anymore, but even the ones that does, only like half of them profits the investors.

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Quote from: Andam76 on May 05, 2022, 04:22:35 AM

One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.

And that is one of my main problems with this, as their name implies non-fungible tokens are each unique and it is because of this their price varies so wildly, so there is not really a way to know if you are overpaying or getting a good price for the NFT that you bought.

So most of the time those which are interested in NFTs buy it at a high price but if they try to sell their NFTs then they are going to find out that almost no one is interested in them, a process that happens without them realizing precisely because those non-fungible tokens are unique and as such it is impossible for the market to exercise its price discovery mechanism.

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Quote from: South Park on May 03, 2022, 11:11:41 PM

If you are aware that an asset is traded purely out of hype and there is nothing behind it then it is better for you to stay away from it, since it would be way more difficult to make money with an asset in which you do not believe at all, now NFTs are for the most part a bad investment as a great deal of the volume we see in those coins is not real and it comes from people which are laundering their money by purchasing NFTs of their own creation.

But, I think not all hypes have a bad side and what if there are positive news about btc that it looks like they are now hyping it, will you still comment the same? But I bet you will like it more that way if only btc and the top coins are the ones that they will going to hype all the time and not those newly created scam coins. Those who launder money are I think not related to the person behind the nft's. It's just there are so many criminals in this world and they are looking for ways how to get away with their bad deeds.

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it would be way more difficult to make money with an asset in which you do not believe at all

True because if you don't believe the coin that you invest, you will not hodl it for a long time but why would you invest on it anyway? What matter is your beliefs and not the others or the hypes that you see.

o48o

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Quote from: masterrex on April 25, 2022, 08:43:59 AM

Absolutely not, for me, the NFTs have their own timeline to shine, and next, it will slowly fade away just like any other crypto project in the crypto space so in that case NFTs will be replaced by a new idea or a new innovation that can influence and drive the attention of the crypto community because I believe nothing is permanent in the crypto space so it's better to accept it as a reality.

Just like Bitcoin and Ethereum got replaced? I somehow think that saying something like this just underlines that you don't understand how revolutionary this protocol is. It was planned to happen in some way long time for now starting with "colored coins" and currently it's in state of erc721 and erc 1155.

Bloodseekers

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Quote from: Qiro on April 21, 2022, 04:55:19 AM

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFT is currently very hype but I don't think it will work in the long term and to choose to invest in the long term it is very risky, better not. trade NFT now and take a little much better profit. Avoiding excess risk is much more profitable. because there is no guarantee that NFT as it is today can survive in the future.

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Quote from: Andam76 on May 05, 2022, 04:22:35 AM

One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.

What you say is true so not many people like NFT at this time even though that person has been in the crypto space for a very long time by seeing many unique concepts from various projects, but for NFT I think it still needs newer breakthroughs so that the fans can increase and are not only liked by some people with a price target in terms of product quality.

Andam76

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One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.

yhiaali3

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We cannot say that NFT is an investment in the sense of an investment, nor can we say that it is just noise because it has become a reality and continues to expand and spread, we can say that it is a new innovation and a revolutionary solution to some of the problems that we can encounter in Crypto especially scarcity and protection of intellectual property rights, I think it A civilized solution that corresponds to the development of the technical era, but of course there is a bit of exaggeration and chaos as well, for example there is an NFT worth nothing that was sold for millions of dollars and this is like crazy!!!

lablab03

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Quote from: Qiro on April 21, 2022, 04:55:19 AM

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

_______________________________________________________________________________ ___________________________________________________________________

◈ ◈ ◈ Showcasing the crypto revolution to Millions of people ◈ ◈ ◈
◈ Qiro| Blog| Crypto Market Cap◈

i don't know if you're really asking for NFTs if its hype or not coz it seems you just want to advertise your signature/website? Grin

Btw when it comes to your question, probably for hypes coz ever since before there's no NFT's projects that stay above at the ATH for long time and what we can see is they always fell like a rock always after all. So it's definitely for hypes only.

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Quote from: popeye95 on May 03, 2022, 12:57:31 PM

I'm against it right now but don't shy away from a chance to invest in it as long I can see the money trail, the potential of dumping it to the next guy for a higher price. Maybe in the end, it was just the same for cryptocurrency in general cause I know there are people that even though they did invest in cryptocurrency but still have very low hope for its future prospect.

It depends on each individual's decision, because people who want to buy at a higher price are people who have seen and believe in the future of a token or coin that he bought at a certain price even though someone else released it at that price with a target profit. maybe he had already done it because he had bought it at a lower price.

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Quote from: South Park on May 03, 2022, 11:11:41 PM

Quote from: popeye95 on May 03, 2022, 12:57:31 PM

I'm against it right now but don't shy away from a chance to invest in it as long I can see the money trail, the potential of dumping it to the next guy for a higher price. Maybe in the end, it was just the same for cryptocurrency in general cause I know there are people that even though they did invest in cryptocurrency but still have very low hope for its future prospect.

If you are aware that an asset is traded purely out of hype and there is nothing behind it then it is better for you to stay away from it, since it would be way more difficult to make money with an asset in which you do not believe at all, now NFTs are for the most part a bad investment as a great deal of the volume we see in those coins is not real and it comes from people which are laundering their money by purchasing NFTs of their own creation.

NFT is just a hype project and it's no different from the ICO project in the past.

I always wondered what would be the next hype project that these people would make in the future or in the upcoming bull run? I would stay away with these kind of projects since it's not really giving a good profit in the long in fact the longer you hodl in it the price would eventually decline. So it's a pump and dump project.

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There are lot of discussions about this some topic so why not read more around forum to see the best answer to your questions or possibly go to the service discussion board. Keep in mind that NFT are not seen and counted as an investment but many peoples takes it be, i hardly pay attention to it since i found it not interested.

South Park

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Quote from: popeye95 on May 03, 2022, 12:57:31 PM

I'm against it right now but don't shy away from a chance to invest in it as long I can see the money trail, the potential of dumping it to the next guy for a higher price. Maybe in the end, it was just the same for cryptocurrency in general cause I know there are people that even though they did invest in cryptocurrency but still have very low hope for its future prospect.

If you are aware that an asset is traded purely out of hype and there is nothing behind it then it is better for you to stay away from it, since it would be way more difficult to make money with an asset in which you do not believe at all, now NFTs are for the most part a bad investment as a great deal of the volume we see in those coins is not real and it comes from people which are laundering their money by purchasing NFTs of their own creation.

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Quote from: Qiro on April 21, 2022, 04:55:19 AM

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Personal Impression ? I think this is just a Hyped projects and not for long term because as you can see now after a hyping year last 2021 ? most of the NFT projects now and even those very famous NFT games are dying .
and nowadays what remains moving are the scam connected in NFT that still luring for victims .
so best to stay away in our days now or be a victim to cry in the next coming months or year.

Topic: What's your take of NFTs? - page 3. (Read 860 times)