NFT's are not a good investment, better get out ASAP

[Master of Shitcoins]

NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.

But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.
It is not really scarce when always new collections are launched.

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Better buy coins, not NFT.

[asriloni]

Who in the hell consider NFT as an investment? NFT was not liquid and you will be so difficult to sell once you need urgent money and that's different with the token as this is become liquid and it can give you money anytime once you need urgent money. NFT can be considered as a way to get unique item or art. NFT is not strong enough to be used as investment consider how difficult when it comes to the liquidation.
If your NFT has no demand and that's the end for you. So many people are wasting their money without knowing about the risk that already faced by all of them. I just try to remind that if this time NFT looks like a way for the developers to sell their non tokenization asset.

[tabas]

It's the rich's game. They can do whatever they want with that money of theirs and I don't think a pleb like me is into NFT. Maybe an NFT game where there's a reward.
But for those pieces of artwork, it's entirely a different passion when it comes to collection. We may not understand how it feels to be a collector or a lover of art. Since it's associated with investing and value bringing, there's now the collaboration of being passionate about it and as an investor. Well, being an investor alone, we do agree that it's not for us who don't see that we'll be benefiting from it.

[kotwica666]

NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.

But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.
It is not really scarce when always new collections are launched.

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Better buy coins, not NFT.

Personally, I don't understand the NFT phenomenon. It's a very interesting application of blockchain technology to maintain value in the form of electronic works of art, but in my opinion it is all overpriced. I think the NFT will never go away, but its popularity will decline and will stay around similar to interest in collecting cards with athletes.

[WalkerIVIV]

NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.

But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.

To be honest these days people are even randomly uploading any picture to the opensea to be sold as NFT. they have no clue about how NFT works these days.

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

Only people who didn't understand NFT art correctly are using it as investment. I do believe most of those art who valued millions are being used as money laundry. NFT art was totally a useless thing. It has no value and utility and it's just selling the art.

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Selling NFT was not an easy task to do. You need to find buyer for your NFT and if you can't and then just hodl your NFT forever in your wallet.

[Al Qiyamah]

It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

I will do as you say if I have a lot of money. I really don't understand art, let alone art that doesn't make sense to me like some of today's NFTs at insane prices. I'd better buy Bitcoin or ETH for the future, because I'm sure once this NFT hype fades people will also switch from NFT.

[Flyingjack123]

Recently cent a website which sells tweets as nfts has suspended its services because of plagiarism related issues.
Open sea has also acknowledged high volume of fake and plagialized nfts.
I guess right now there are many scamsters out there in nft market so be vigilant and be safe

[JooBra]

Recently cent a website which sells tweets as nfts has suspended its services because of plagiarism related issues.
Open sea has also acknowledged high volume of fake and plagialized nfts.
I guess right now there are many scamsters out there in nft market so be vigilant and be safe

Well people need to understand that most NFTs need to have some purpose and that they bring something to you by owning it.

[mirakal]

Not only NFT, but any investment in the crypto space, you need to know when to get out as it's important to ensure profit. NFT's are popular due to hype, however, there are still some profitable projects now so overall it's not really bad investment, it's only bad if we don't know how to choose the right project that will make us profitable.

Thanks for your advice, that would certainly make newbies curious and they'll do more research before investing.

[cheezcarls]

NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.

But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.
It is not really scarce when always new collections are launched.

Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I really don't know if NFT is a good investment and buying NFT's right now looks very high risk.

It might be better to get out ASAP and sell all NFT's.
It is much better buy coins because coins will have a high demand later. Coins will always be required in Blockchain interactions, especially big and scarce coins. Only scarce coins like Bitcoin are a good store of value.

Better buy coins, not NFT.

Your statement alone can't change everyone's mindset here. I disagree about stopping to buy NFTs. We have our own choices here, and it's our own risk to take. So if we choose to buy NFTs, then we have to accept the fact that it's considered "dead money", and we're just lucky if someone is actually buying it.

If I were to buy NFTs, I would choose something that has long-term real use cases and fundamentals like the play-to-earn games where your characters, weapons, skins, etc., can be much more valuable overtime (especially if you are one of the early adopters).

[Yaunfitda]

As you have said, this is the current hype so obviously, investors are going to flock their money on NFT. This is how the altcoin market moves, when there is a new trend, everyone wanted to get onboard and make money out of it. Of course, this is a game, when someone is making money, there is also someone going to lose. It's just a matter on where do you want to position yourself in NFT's right now. Everyone has a choice that's why we always said, do your own research (DYOR).

[tyz]

Better buy coins, not NFT.

I see it similarly! The high priced NFTs are a Ponzi scheme. As long as people are interested in paying even more, it works, but at the latest when now the interest rates will be increasing all over the world and the FED reduces its balance sheet, there will be less money left for such nonsense and then some people owing such NFTs will lose a lot of money.

[isaac_clarke22]

~

My colleagues are considering NFTs as investment just because their value grows overtime even if it was just another in-game item in a NFT game. It's quite common here in my country to stumble upon those stuffs and heck they're even hunting for more NFT games to buy some more items at and keep grinding the hell out of whatever that game is/was.

[crzy]

If you don't understand the concept and what it entails it is okay to move to other projects of your understanding but don't make a public cry over something you have no idea of, while you are here raising alarm others are profiting from it,
Good thing there are other options,  you can always choose what you are comfortable with.

Definitely right, you can’t force anyone to hate what you hate, they see opportunities in NFTs then so be it. Spending Millions on NFTs is nothing for them, I’m pretty sure they are already in profit now. We all know the end is still far for NFTs, this is still a new trend and if there’s a new one, most probably NFTs will stay to compete and that can happen in the next decade.

[YodasRedRocket]

I can’t see myself ever investing in NFT’s.  I don’t see the value 🤷🏻‍♂️

[Yogee]

There are a lot of normal images sold at an unreasonable price like those punks and selfies but there are also good ones. NFT for arts will have a really good market someday.

I can’t see myself ever investing in NFT’s.  I don’t see the value 🤷🏻‍♂️

May I ask why? The description of the main post of NFTs are limited to pictures but there are other markets that adopted it like P2E gaming.

[mobilestrike]

I was also amazed to see that why people are buying pictures with such a high price. But later I found that there are many projects and games where people are using that and their demand is good in their platforms so those who understand that and know how to process will not hesitate to buy them.

On the other hand there are art of the artists which are becoming worth high then they were from the past when these arts were in physical form. On many art exhibitions people buy the work of artists on millions of dollars.

[TastyChillySauce00]

 NFT is not become an investment since it was getting created by some developers. Remember that the fact NFT full with manipulation and the price is totally subjective and that means the value is random and there's no clear thing to determine how much the price for any NFT.

Recently cent a website which sells tweets as nfts has suspended its services because of plagiarism related issues.
Open sea has also acknowledged high volume of fake and plagialized nfts.
I guess right now there are many scamsters out there in nft market so be vigilant and be safe

If that's true and that's so bad. That reminds me with those who said that copy pasted NFT from the opensea to duplicate bunch of NFT on opensea. People have non sense thing like that. So many fake volume and plagiarized volume. Remember that it can be minted anytime.

[TelolettOm]

I cannot say that all NFT is not an investment.
Some NFTs are seriously potential and we know the cocnept behind it. Moroeve rthe NFT with Metaverse.
We can see from what kind of NFT investment is that. Such other crypto projects, some NFTs may have high value and also cocnept behind it. But some NFTs are also shit, only created and sold in the very easy NFT platfomr in order to eanr money without cosnidering the value.
So, I think this may be for some NFT, not all

[pushups44]

I agree that as a general rule, and as acknowledged by the social media influencer Gary Vee (at least according to a headline I recently saw), many NFTs, if not most, will lose substantial value in the long run. There is currently a glut of supply and greed among investors, and this typically ends badly. I own some NFTs, but have been careful not to spend too much on them, and many of those I have I got for free. I'd guess certain NFTs will gain in value over time, similar to art or sports cards, while the majority will be poor investments.