Can NFT be used as an investment?

[ayi nora]

but for some reason, personally I'm not very interested in NFT, even though it's trending, when I buy it, what do I use it for, as a collection, it's better to collect quality tokens, in the NFT sector, art creators benefit the most  , when other people don't understand the design, sit still, buy NFT, for those who like it, yes, for those who win over hobbies, they want to spend money to buy and sell NFT.

[carlfebz2]

but for some reason, personally I'm not very interested in NFT, even though it's trending, when I buy it, what do I use it for, as a collection, it's better to collect quality tokens, in the NFT sector, art creators benefit the most  , when other people don't understand the design, sit still, buy NFT, for those who like it, yes, for those who win over hobbies, they want to spend money to buy and sell NFT.

You would really be thinking on how dumb those people who are considering on buying a shitty art for millions of dollars which i dont really see a solid reason behind which you could really make out some conclusions

that this trend is really just basing up with pure hype and fomo moments on where people had been driven off to ride with this current trend.I would rather with DeFi's than on this one.

Even myself havent seeing on putting up some funds with NFT's yet i dont see any significant reason on making it as an investment.

[Adbitco]

There may be a significant price drop without any reason. NFT to me is just a way to cover or package a product to minimal size where no one could detect the quantity or the values at which it cost or being sold. Since the price does not display in a wallet.
Please this is just my own personal opinion about NFT and I know there are lots of meaning to it.
E.g, there is a project which I participated and I was paid 1 Unit of their NFT and I happened to destroy that unit and sell it to a bnb and it worth about 0.25 bnb. So this was were I go my idea from.
It's not and investment and may not be for long run unlike coin.

[asriloni]

It's very bad for investment and here's the reason.

- The price is totally subjective depends on someone or people opinion.
- The demand depends on the interest
- It's not liquid

Well for those who dont know what to buy and when to sell I guess. Yes it maybe inliquid, but how does those other people gaining huge profit from it? I think its depend on nft and its demand.

Only few but not all. Did all of NFTs minted even get sold? No man but only some. You can imagine when you need urgent money and how can you sell your NFTs if none interested with your NFTs? Unlike the token that can give huge profit for anyone who can sell it anytime when the price reached the top. In NFTs even when the price floor is pumped but none interested with your NFT meant you won't be profited.

[TheUltraElite]

Only few but not all. Did all of NFTs minted even get sold? No man but only some. You can imagine when you need urgent money and how can you sell your NFTs if none interested with your NFTs? Unlike the token that can give huge profit for anyone who can sell it anytime when the price reached the top. In NFTs even when the price floor is pumped but none interested with your NFT meant you won't be profited.

NFT market is completely unregulated and pixel art being sold for thousands of dollars seem like to a joke of a cashgrab to me. Definitely over an asset like bitcoin, I would never choose an NFT to be the store of my savings. They are ill-liquid and hypes pieces, not worth giving attention to, unless you are looking for the short term gain in selling a hyped NFT.

The idea that NFT could give power back to artists could have happened but not in an unregulated market like this. Innovative tech like this could have gone a long way but nobody in the industry cares to do that but attempt to set up get-rich-quick schemes based on them.

[Oilacris]

Only few but not all. Did all of NFTs minted even get sold? No man but only some. You can imagine when you need urgent money and how can you sell your NFTs if none interested with your NFTs? Unlike the token that can give huge profit for anyone who can sell it anytime when the price reached the top. In NFTs even when the price floor is pumped but none interested with your NFT meant you won't be profited.

NFT market is completely unregulated and pixel art being sold for thousands of dollars seem like to a joke of a cashgrab to me. Definitely over an asset like bitcoin, I would never choose an NFT to be the store of my savings. They are ill-liquid and hypes pieces, not worth giving attention to, unless you are looking for the short term gain in selling a hyped NFT.

The idea that NFT could give power back to artists could have happened but not in an unregulated market like this. Innovative tech like this could have gone a long way but nobody in the industry cares to do that but attempt to set up get-rich-quick schemes based on them.

Joke and crashgrab indeed which i do see fit the most precise definition out of this nFT hype on where i dont see these arts could really be that relevant or do give out good results in near future.
Yes for some art but the odds on getting the right one is unknown and it all matters with hype and some sort of shill before you could potentially acquire good stuffs but in overall or the rest
then i dont see any significant or usage just like on what most people been saying on here.Its a totally shitty thing which you cant really ensure or even treat it as a good stuff
to be hold for long term.

[ultrloa]

Only few but not all. Did all of NFTs minted even get sold? No man but only some. You can imagine when you need urgent money and how can you sell your NFTs if none interested with your NFTs? Unlike the token that can give huge profit for anyone who can sell it anytime when the price reached the top. In NFTs even when the price floor is pumped but none interested with your NFT meant you won't be profited.

NFT market is completely unregulated and pixel art being sold for thousands of dollars seem like to a joke of a cashgrab to me. Definitely over an asset like bitcoin, I would never choose an NFT to be the store of my savings. They are ill-liquid and hypes pieces, not worth giving attention to, unless you are looking for the short term gain in selling a hyped NFT.

The idea that NFT could give power back to artists could have happened but not in an unregulated market like this. Innovative tech like this could have gone a long way but nobody in the industry cares to do that but attempt to set up get-rich-quick schemes based on them.

Joke and crashgrab indeed which i do see fit the most precise definition out of this nFT hype on where i dont see these arts could really be that relevant or do give out good results in near future.
Yes for some art but the odds on getting the right one is unknown and it all matters with hype and some sort of shill before you could potentially acquire good stuffs but in overall or the rest
then i dont see any significant or usage just like on what most people been saying on here.Its a totally shitty thing which you cant really ensure or even treat it as a good stuff
to be hold for long term.

For me its like wasting your money for nonsense things if you hold it for long term I get the idea about the arts but the use case of it really doesn't sounds good to me since if we look at it we cannot see a real time potential that the price will be the same nor got up in future. Maybe for now I will just buy new NFT and flip it up because securing profit is what most important to me than get hook and hold it.

[TheUltraElite]

Joke and crashgrab indeed which i do see fit the most precise definition out of this nFT hype on where i dont see these arts could really be that relevant or do give out good results in near future. Yes for some art but the odds on getting the right one is unknown and it all matters with hype and some sort of shill before you could potentially acquire good stuffs but in overall or the rest then i dont see any significant or usage just like on what most people been saying on here.Its a totally shitty thing which you cant really ensure or even treat it as a good stuff to be hold for long term.

If you notice carefully, the trend for NFT has died down as quickly as it started. The main motive of such ideas is to generate a huge hype to catch majority of the susceptible population and then milk their money as long as possible while they remain in oblivion as to what they paid for and how it is devaluing.

It will be worth watching if the NFT craze starts again in future and how it grows in future.

Pixel art and all that seems like a waste completely. Maybe someone can prefer buying them over renowned art, but I find that pretty low compared to what we trade on daily.

[mindrust]

NFT is being discussed intensively, especially in my country, even many of my friends are buying NFT, so my question is, is NFT good for investment?

Probably no. NFT's are good for speculation mostly. They are pretty much worthless intrinsically. Can you make money from buying and selling NFT's? Sure you can. You can even become rich. That's how speculation works in the end. Somebody will have to take the loss ultimately though. That's the sad part of playing this game. If you are careful with what you are doing, you can make money but I don't see NFT's as an investment.

[stomachgrowls]

Joke and crashgrab indeed which i do see fit the most precise definition out of this nFT hype on where i dont see these arts could really be that relevant or do give out good results in near future. Yes for some art but the odds on getting the right one is unknown and it all matters with hype and some sort of shill before you could potentially acquire good stuffs but in overall or the rest then i dont see any significant or usage just like on what most people been saying on here.Its a totally shitty thing which you cant really ensure or even treat it as a good stuff to be hold for long term.

If you notice carefully, the trend for NFT has died down as quickly as it started. The main motive of such ideas is to generate a huge hype to catch majority of the susceptible population and then milk their money as long as possible while they remain in oblivion as to what they paid for and how it is devaluing.

It will be worth watching if the NFT craze starts again in future and how it grows in future.

Pixel art and all that seems like a waste completely. Maybe someone can prefer buying them over renowned art, but I find that pretty low compared to what we trade on daily.

You could really make out some comparison in between the quality of those NFT's which pixelated art vs hd graphics but surprisingly there are indeed people who do still consider on buying out those pixelated ones.

In speaking with hype then its true that this it did came fast and the hype was indeed fast as it gone which is totally accurate.
We've seen some development where utility is been applied but could not really be avoided to have those doubts in speaking with long term investment.

[TheUltraElite]

You could really make out some comparison in between the quality of those NFT's which pixelated art vs hd graphics but surprisingly there are indeed people who do still consider on buying out those pixelated ones.

When I try to explain this to a non-crypto user, they start laughing at the quality of such art and they consider this to be the biggest foolish mistake that any investor can make. The real art market is a huge and very deceptive one, trying to dip into that is like playing with fire. What you end up getting is a by-product like these pixelated art which look like a 12year old's pastel drawings.

In speaking with hype then its true that this it did came fast and the hype was indeed fast as it gone which is totally accurate.

It means the people trying to popularize it, got hold of their niche investors and therefore did not need to run the hype for long. Those investors end up as the real suckers of the hype.

We've seen some development where utility is been applied but could not really be avoided to have those doubts in speaking with long term investment.

I dont see any long term market in NFTs unless some big thing happens. All I see if that bitcoin never fails to amaze.

[abia]

Initially NFT emerged as a technological evolution in the blockchain ecosystem in 2021 which was used to verify ownership of assets such as stocks and other securities.
However, an experiment was then conducted on this technology to verify the copyright rights on an art asset.
So it can be said that the original goal of NFT is to secure someone's copyright to a work of art.

Then the question arises of whether NFT can be used as an investment? Looks like we need to see from which angle we answer.
A businessman will think that investment must have a time and number reference. When will this investment return and what is the return?
But if I'm an artist, I just put my work on NFT to protect my copyright, without thinking about investment. And the true function of NFT is like an artist.
So if an entrepreneur uses NFT as a place to invest, I think he is in the wrong place to invest.