Bitcoin Forum

Im wondering if there is a platform or someone already coding a platform for nft where there is an actual buy and sell. We all know that nft is an auction style market. Where actual value will depend once only it got sold. Though there are terms called floors to represent the current value but can be change suddenly when there are some who actually sweeping the nfts. You think an exchange for nft would be feasible or the process would be stay as is?

Im just asking whats your thought since there are lots of saturated nft projects that stays on wallets and dont have real value.

NFT and all other coins has same procedure that its price depend upon last price open trade by seller. The only difference between nfts and other coin is supply. Altcoins has huge supply while NFTS supply is less which is the reason the price of nft is changing more than alts . Other coins starting price can be determined by public sale price and now most of NFTS price can be determined by miniting price. Some projects are worthy and Its NFt price spike up huge when trade open in any big market like Opensea.

I believe that the process of buying and selling NFTs will remain as it is today, we cannot equate NFTs with coins/tokens that have real value that can be easily traded on CEX or DEX. coins and tokens are of equal value, for example, there is a project that issues 1M tokens, all of those tokens have the same value.

But what about NFTs? they are completely different, I'm not talking about the aesthetics of the NFT here, but about the scarcity of each image. But wait, did you know that in 1 NFT project there are various categories of scarcity? we can't continue this discussion if you don't even understand about it.

Great stats on this site
https://www.cryptoslam.io/
The NFT token market will now fall more than the altcoin market, with the exception of serious projects. But large projects in the future may depreciate and become useless.
But a lot of investors end up with commemorative NFTs that are worth a few dollars or less.

We can buy Nfts from exchange and we can sell our nfts also exchange and i recommended you who interested to buy and sell nfts than go to directly Opensea this is perfect way to buy/sell nfts is easy way my friends also always buying nfts from opensea worlds biggest platform.

I am not sure about auction facility. But in Opensea you can make an offer to the NFT owner. Regardless of the price they are listed in, you can make your own offer. So that's a good start if you are looking to get into NFT market.

Now, I would like to warn you that NFT is a dead game. It has already died a painful death. So if you are looking to invest, choose bitcoin or ETH. Don't waste your money in NFT.

Wait a second?

Regular activity selling and buying NFTs are just the same as an exchange, the different is the liquidity of book-order. NFTs have book-order however is cannot be same like coin/token because is always have low liquidity for someone who put an order.

If coin, have the same low-volume they are gonna to get same situation like NFT. However, why coin/token have many order book because is filled by bot automatically change the price meanwhile NFTs don't have it because is cost a fee for the action.

Honestly, I think nft trading is all about luck. At least for people who don't put in a lot of effort. Because nft's without shape schemes on the market were sold for enormous money and I don't know exactly for what purpose they were sold. But I also think that the nft market will remain stable and will continue in this way.

Recently, I have heard that people who want to bring money from other countries tell their friends to create nft, put it at high prices and buy it themselves and transfer money. It was mentioned that there is a better way than to transfer crypto money directly.

Binance already have that trade right? Where they allow NFTs to be sold on their platform.
Though the problem is the liquidity since the demand is not that high but if you remember most of the NFT games have their own market place where you can see the but and sell transactions, I’m not sure what you are looking for exactly, but if its about the tokens then most of the exchanges already have it.

OpenSea, Rarible, blur... is the NFT trading platform and trading platform operating on the market today, which provides users with the ability to buy, sell, auction and track the value of their assets. However, when training and investing in NFT, you should thoroughly understand the project, the team behind and the actual value of those NFT asset products to ensure a safe and smart investment. With the development of NFT technology and market, it can be seen that an exchange for NFT will be possible and the transaction process will remain the same.

It is true that when entering the harsh phase of the market, what was considered a new mainstream before has also revealed all the previous hype. Simply because before we thought of it as a potential future, but now things are very different from the way users place interest, as well as use it.

Indeed, the NFT market has sagged a lot lately. According to experts, trading volumes decreased from 40-70 percent for TOP collections. But that doesn't mean the NFT theme should end. No, only less to invest at this stage. The risk of not returning funds is very increased. Although on such a decline you can acquire any collection that will bring super profits. As always, a game of luck and perspective. This is a cryptocurrency, guys!

Im talking about the liquidity. Let say you have an nft im your wallet can you sell it right away on the current market price? Definitely youll put an order to the lowest buying bid but you need to wait first unless someone bid for your nft. But the demand for that is depend on your nft, it could be skip by someone even the price is lower. What Im saying is the capability to make your nft liquid right away which is clearly can be done by tokens.

Yes Im aware of that been using three to four marketplace for nft. Im asking is the exchange if theres an exchange foe instant liquidity when you can sold your nft right away. Though on bluemove sui market theres a feature of instant sell even though there is no bid offer but the price is like low.

This is what I always think. NFTs have never had real value. They have crazy prices simply because there are crazy people willing to pay big bucks for them.
I'm not sure if NFTs will be successful in the exchange market. Because NFTs are a collection of digital images that have no real value in my eyes.