What's the $500 for? NFT or Coin!

[lienfaye]

i prefer coins with $500 money to invest in coins with good fundamentals and those in the top 15 markets and i will also allocate a little of that money to buy meme coins,
 I didn't invest in nft because i didn't understand about nft, i just know and also i think nft is still too young so i still have doubts about nft.

Me too, I don't like NFT and understand nothing about it. For 500$ I can choose 1 or 2 altcoins and hold them.
The market is in a bearish, most of the altcoins are down very sharply. Obviously, a good time to buy good stuff at a bargain price. Top 10 altcoins on CMC worth investing in right now. When the market bounces back, I'm sure we'll have a good profit.

Thats true. Buying well-established coins are better especially now that the price is declining. Its more profitable and less risky compared to investing on NFTs wherein its not easy to find a reliable one. Hence if you have $500 budget, think wisely where to invest because the hype of NFTs will fade but the coins that are existing for few years already are proven to be profitable by the investors who long been here.

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[slaman29]

Thats true. Buying well-established coins are better especially now that the price is declining. Its more profitable and less risky compared to investing on NFTs wherein its not easy to find a reliable one. Hence if you have $500 budget, think wisely where to invest because the hype of NFTs will fade but the coins that are existing for few years already are proven to be profitable by the investors who long been here.

I agree in principle here but that depends of course on how that $500 looks like for you objective-wise. If it's considered savings and you want to protect it from inflation and hopefully grow wealth long term, absolutely yes.

But if it is something you are willing to lose because you can afford it and just want to try and become wealthy? In this case I doubt you can go anywhere near x100 ($50,000) with ETH or BTC in a long long time.

[fullhdpixel]

Thats true. Buying well-established coins are better especially now that the price is declining. Its more profitable and less risky compared to investing on NFTs wherein its not easy to find a reliable one. Hence if you have $500 budget, think wisely where to invest because the hype of NFTs will fade but the coins that are existing for few years already are proven to be profitable by the investors who long been here.

I agree in principle here but that depends of course on how that $500 looks like for you objective-wise. If it's considered savings and you want to protect it from inflation and hopefully grow wealth long term, absolutely yes.

But if it is something you are willing to lose because you can afford it and just want to try and become wealthy? In this case I doubt you can go anywhere near x100 ($50,000) with ETH or BTC in a long long time.

Even if it is something you are willing to lose, are you just throwing it away? People mistake "I will not be upset if this money is gone" with "I will flush it down the toilet". Even if you are not really dependent on that money, you still would prefer to make money with it, it is a much better option.

It means that there is a risk/reward ratio that makes sense, if you are taking a huge risk for a small return possibility, that makes no sense. NFT is at that stage right now, any NFT that has absolutely no utility, and brand new, has a huge risk and yet not a lot of reward returns. Which is why it does make sense to stay away from them for the time being.

[Renampun]

with $500 in my opinion, it's better to choose coins than nft, because your coins can be free to make extensive transactions and it will make it easier for you compared to nft which in my opinion is still too young and the space is still limited.

if the NFT is in the NFT market like Opensea then selling it will be very difficult, keep investing in coins that are more recommended...

I'm confused about choosing to buy NFT or Coin. Ask for advice in terms of benefits. Thanks for the advice, I wish you success next year.

I will recommend Binance NFts mysterious Box. Everybody know that binance List only top class NFt project on it marketplace. Every week it announce some Nft mysterious box project . Look for best project with low supply. Try to buy box less than 50 busd. I hope you will earn 2x-10x.

I have also tried several times to buy Binance's mystery box but so far I haven't had any luck, I'm a little regretful I think why I bought it lol.

[slaman29]

I agree in principle here but that depends of course on how that $500 looks like for you objective-wise. If it's considered savings and you want to protect it from inflation and hopefully grow wealth long term, absolutely yes.

But if it is something you are willing to lose because you can afford it and just want to try and become wealthy? In this case I doubt you can go anywhere near x100 ($50,000) with ETH or BTC in a long long time.

Even if it is something you are willing to lose, are you just throwing it away? People mistake "I will not be upset if this money is gone" with "I will flush it down the toilet". Even if you are not really dependent on that money, you still would prefer to make money with it, it is a much better option.

It means that there is a risk/reward ratio that makes sense, if you are taking a huge risk for a small return possibility, that makes no sense. NFT is at that stage right now, any NFT that has absolutely no utility, and brand new, has a huge risk and yet not a lot of reward returns. Which is why it does make sense to stay away from them for the time being.

Like I said, I agree in principal because $500 to me is a heck lot of money. But I know people who throw down $500 a day just to gamble on dice, and they are not there to win $50 or even double their money after months or years (which is what Bitcoin does now from 2017-2022, about double the value).

And those people would get frustrated with Bitcoin, because they're not investors but short termers. I might even say gamblers.

So maybe to put it another way: if you're looking for quick turnarounds, Bitcoin's not for everyone. And don't get me wrong I am not in this later category but NFTs and ICOs are definitely for gamblers.

[someone703]

Can you choose both instead of just one? We all have our own arguments and they are all very valid. Personally, I feel that NFT and coins both have their own potential, so if you are not limited in time as well as profit and risk, buy more if you can. And I think the OP also needs to reevaluate whether he can track that investment, not just think about buying and holding it.

[lombok]

-snip-
(...) NFTs and ICOs are definitely for gamblers.

I agree with you. It's too risky and gambling to put $$ in NFT and ICO. Although there are NFT and ICO that can give you profit/doubling your money. Better put it on coin, we can see some good coins on Coinmarketcap in the top list 10 or 50.


The reason I prefer coins is because the coins on the coinmarketcap top list have a brighter future, use cases, a strong and broad ecosystem, clear valuations, there is even a burning system, halving (for Bitcoin) on a regular basis which will be able to provide value growth.

[nimogsm]

I would still choose a coin, they are more liquid and you can sell them at any time, while with nft it is much more difficult to find a buyer, and he is not always there.I don't think that the boom in the NFT will last for a very long time, although I may be wrong.

[slaman29]

-snip-
(...) NFTs and ICOs are definitely for gamblers.

I agree with you. It's too risky and gambling to put $$ in NFT and ICO. Although there are NFT and ICO that can give you profit/doubling your money. Better put it on coin, we can see some good coins on Coinmarketcap in the top list 10 or 50.


The reason I prefer coins is because the coins on the coinmarketcap top list have a brighter future, use cases, a strong and broad ecosystem, clear valuations, there is even a burning system, halving (for Bitcoin) on a regular basis which will be able to provide value growth.

It's the same old concept that new projects, ICOs and NFTs and Defi whatever it is now will try their best not to tell you.

With crypto, utility is numero uno always and forever. If people use it, and find it usefuly, more people will use it, and then you don't have to spend marketing and influencers and paid this and that to grow "users".

There are no NFT users, just holders who will sell at the right price (except price will never be right for most of NFTs).

[$anounimus$]

I'm confused about choosing to buy NFT or Coin. Ask for advice in terms of benefits. Thanks for the advice, I wish you success next year.

Before buying NFT, it's a good idea to know the opensea and creator fees because usually people only know this after selling NFT, usually, they only realize about this fee after they want to sell NFT. Usually, if the traffic is not heavy, the Ethereum fee is around $50, if the traffic is high, it can reach $100. NFT is complex and the competition is fierce.

For Coin, choose Matic, because his fundamentals are getting great, so don't waste the opportunity to get Matic at a discounted price now if you have $500

[Bartustuntas]

I hope you have heard of ENJINSTARTER? The project was created with the goal of helping upcoming blockchain gaming and metaverse projects. It's a goldmine! The roadmap is awesome, it is more than just the launchpad. 100%.

[leea-1334]

I hope you have heard of ENJINSTARTER? The project was created with the goal of helping upcoming blockchain gaming and metaverse projects. It's a goldmine! The roadmap is awesome, it is more than just the launchpad. 100%.

So why is it being shilled by low level spam accounts like you? Every project claims the same thing, but where are the great games and metaverse projects on blockchain? The best blockchain game would never sell a single copy in traditional gaming. The best blockchain metaverse would never attract a single real user who already tries virtual world games.

[jaberwock]

I hope you have heard of ENJINSTARTER? The project was created with the goal of helping upcoming blockchain gaming and metaverse projects. It's a goldmine! The roadmap is awesome, it is more than just the launchpad. 100%.

So why is it being shilled by low level spam accounts like you? Every project claims the same thing, but where are the great games and metaverse projects on blockchain? The best blockchain game would never sell a single copy in traditional gaming. The best blockchain metaverse would never attract a single real user who already tries virtual world games.

That is literally all they did since they got here, look at the account. That dude started an account, and wrote about that spam everywhere on bitcointalk, that is all they did and nothing more. That is a shill account if I ever saw one and they hope that by writing it here all the time they could get some people to get interested.

I have been part of a multiple project already and I can tell you that it costs nearly nothing to start a proper announcement topic, with a good image as well. If a project fails to do that then it is not a project worth checking out at all. I personally like projects that do bounty as well, but that is just an addition.

[leea-1334]

I have been part of a multiple project already and I can tell you that it costs nearly nothing to start a proper announcement topic, with a good image as well. If a project fails to do that then it is not a project worth checking out at all. I personally like projects that do bounty as well, but that is just an addition.

It does not cost anything actually to build something if you are truly a believer in your own project. Bitcoin never raised funds to launch,,, and never did an ANN thread with any image. All of that came later from the community itself when the community itself decided they wanted to.

Bounty? I personally think bounties almost are synonymous with scams now.

[henmark]

This discussion could go on for years, and we would never really have a correct answer to it. Reality is that we are talking about something that should not really be this much of a big deal, whatever you want to invest into, should be what you want to invest into.

When this topic was first created, even a proper NFT would be easy to pick, nowadays it doesn't look like we could even end up with something decent and NFT is getting less and less popular. Doesn't mean you shouldn't invest into them, there is still a market for it but a bit less than what it used to be. Just search for a good thing, do not look what type it is, just make sure it is a legit one.

[monineklutak]

$500? Of course I have to suggest you buy coins, why because coins are more efficient and more useful than NFT for now,
I feel NFT can be an investment, but the NFT market cap is still not much compared to the crypto currency market,

so it is very good if you invest in cryptocurrencies instead of NFT,
although there is nothing wrong if you invest in NFT maybe you can buy NFT with small capital

[shawon01]

What you can do from here is the way you can do it from here. We all have our own arguments and that is valid. Personally, I think that the nft here and Koina have their own possibilities here.  Don't limit your time from here on through profit and risk, but if you buy more, you will find that you need to re-evaluate and work here according to proper investment rules.

[ItsCrafty]

I'm really looking forward to the THEXII release. As soon as creators realize that NFT is literally the best way to make money from their art, this project will go through the roof. So I’d better prepare in advance.

NFT can give you huge profit but its very hard to guess which Nft will work. Recently Ape Nfts give their user huge profit. The token directly listed on Binance and Top exchanges at once.
Similarly Stepn Nft give early users best profit.

[Kopetunto]

I'm really looking forward to the THEXII release. As soon as creators realize that NFT is literally the best way to make money from their art, this project will go through the roof. So I’d better prepare in advance.

NFT can give you huge profit but its very hard to guess which Nft will work. Recently Ape Nfts give their user huge profit. The token directly listed on Binance and Top exchanges at once.
Similarly Stepn Nft give early users best profit.

NFT does have the potential to get a lot of profit, but the risk of buying NFT is also very high compared to buying coins,
because NFT is still very young, and can only be traded on the NFT market, we know OPENSEA is one of the most favorite markets,
but coins, there are so many choices and it will not be difficult to sell them, because there is an order book in every trade

[lornadane]

I'm really looking forward to the THEXII release. As soon as creators realize that NFT is literally the best way to make money from their art, this project will go through the roof. So I’d better prepare in advance.

NFT can give you huge profit but its very hard to guess which Nft will work. Recently Ape Nfts give their user huge profit. The token directly listed on Binance and Top exchanges at once.
Similarly Stepn Nft give early users best profit.

NFT does have the potential to get a lot of profit, but the risk of buying NFT is also very high compared to buying coins,
because NFT is still very young, and can only be traded on the NFT market, we know OPENSEA is one of the most favorite markets,
but coins, there are so many choices and it will not be difficult to sell them, because there is an order book in every trade

Yes NFT can provide benefits for us but in my opinion it is better to buy and keep it in the short term to avoid unwanted risks.
Because if we buy NFT and keep it in the long term we are afraid to wait when the hype goes away how will it be with the price of NFT in the future, especially since NFT is still very young at this time as you said.