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

[yazher]

In my case, I didn't bother to buy any NFTs rather I used it as an opportunity to sell any NFT items in my personal gallery. Never in my thought that I'm gonna buy those expensive animated pictures and hold them for so long before releasing them to the market because I know how fast can people's minds shift to another trend. The Crypto industry is evolving so fast, whatever platforms are trending now, might not be the case in the next year to come. so it's better to stick with the basic rules, buy low sell high.

[Fundamentals Of]

I agree that NFTs are not a good investment. But it is also true that there are many people who have earned a lot from getting involved in NFTs either by buying and selling or the creation itself of NFTs. But I don't think that NFTs will have a much brighter future. NFTs are basically built on hype. This hype could be likened to the hype on ICO, DeFis, DAO, meme coins, etc. They will not last long. So if somebody is to enter into NFTs, dispose them as soon as profit is made. Don't keep them for long.

[Protomono]

I see NFT is full of risks, ranging from piracy to manipulating the buying and selling of NFT itself. But many people are now interested in selling NFT because the profits are so large that it is not surprising that there is a lot of rubbish NFT in Opensea. Cryptocurrency and NFT are both full of risk in my opinion, so you need to be careful so you don't lose and lose your investment.

[tarable]

the investment lies not in the NFT but in the coins. NFT can be regarded as a work of art, whether it be music art, drawing art or other art.
you must be able to distinguish between NFT and coins and you must also know how an investment can be called an investment.

[Coin_trader]

the investment lies not in the NFT but in the coins. NFT can be regarded as a work of art, whether it be music art, drawing art or other art.
you must be able to distinguish between NFT and coins and you must also know how an investment can be called an investment.

NFT is a wrapped token so technically its still a token so the NFT itself is your investment when buying it. The art/image/music is just attached to token during the process of minting that makes it an NFT that we all use for collection. NFT in general is a safe investment because its a digital art so it will not gonna expire or damage by holding it. The only danger in NFT are those price manipulation of whales just to hype the value of a certain NFT collection like cryptopunks and apes which doesn't make sense why it sells insanely high.

[btc78]

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.

Like what whales love to do? try to build a project with good reputation and publicity and so they will lure more believers and investors not knowing that there is a trap in front of them , with a Blade waiting to slash their funds and took it from them.

While NFT is booming , the opportunity of this to dump sooner is there.

i have also invested in some NFT but after earning small profit? i dumped them all and now looking form other chances to invest .

[Mauser]

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.

I agree with you that people should do a lot of research into NFTs before buying them, so they understand what they are getting themselves into. NFTs are not Crypto currencies which you can buy and just sell in a second on a exchange. Like you said, there is a lot of risk involved, but this risk doesn't mean it's not worth it to get into NFTs. Rather than looking at NFTs as a some crypto project, I would look at NFTs as art. When buying paintings or other form of art, the market doesn't move very fast. It takes time to match the buyer and seller and the price is very subjective. Also, everybody can buy a fake painting and put it up at home, but there is only 1 original. Same goes for the NFT, everybody can just copy&paste it, but there is only 1 person who actually owns it. As for any investment, we need be aware of the risk involved and there is no guarantee to make a profit.

[Psynthax]

I don't know why people these days are seeing NFT as investment but some people are also using NFT as a way to spam non sense picture. What you are saying above totally true and i do agree with it. NFT is only a way to buy an NFT used to do something like playing the game or something else. people are looing their mind. So many people bought useless NFT. NFT is hype shit. Just look at this

https://opensea.io/collection/ghozali-everyday

A few weeks ago people are getting surprised to see that each picture from ghozali worth a lot of money but it gets dumped again. So many people are suffering huge loses.

[Oasisman]

Better buy coins, not NFT.

Tell that to those crazy rich people who has nothing to do with their massive excess money, but to create non sense luxuries to sell It to their fellow rich people and then create a hype on the latter so people catches their attention.
That's the secret to every successful business.
Create a name and hype and people will start buying your product, all perfectly the same as those NFT digital arts, they are useless and expensive. I'd rather have an expensive art that dont exist in a digital world for collection purposes.

[Anonylz]

Am only observing the nft trend for now, what it will become in the future is uncertain to us, if this trend is shit like the op claim, several big gaming and non gaming companies won't be joining the space to create their own ntf, it is a new trend to make money and also has the possibility to be an important part of the crypto space especially when it is relating to gaming and p2e. we still have projects from previous trends that are still available that hasn't disappear despite what people say, i guess time will tell where the ntf trend is heading.

[7deadlyBTCIN]

No liquidity and no volume so yea it's stupid to consider NFT as a safe investment, at this point I even prefer to invest in new tokens and meme coins over NFT, if there will be a painful bear market tomorrow NFT will be the cause behind it, people don't understand what they are investing money on.

[masterrex]

IMO, I think the author has missed something about NFT's because he mentioned and considered them as an investment when it's not, NFT's stand as Non-Fungible tokens it is a kind of digital art and can be considered as an asset or a property that can be sold in the NFT marketplace and because NFT's was stored in Blockchain that's why it was easy to find it just for the records, Anyway, NFT's are more just like collectibles rather than an investment.

[maydna]

NFT is not a good investment. NFT is a way to make money for those who understand using NFT. If people only follow others by selling NFT and hope that they can sell some stuff at the market without knowing how they can use NFT properly, they will not be able to sell anything instead of showing their stuff. If those people want to invest, they can choose bitcoin or other coins.

But I admit that NFT can get attention from people, and many can sell it on the market. Perhaps, this NFT will stay here for a while to invite more people to use it.

[tarable]

NFT is just a new concept that is applied to the crypto space to be able to distinguish between old concepts and new concepts so that it can unite more people into the crypto space such as artists, creators, and also certain artists, because NFT is a connecting service to all those who used to be outside the crypto space.

I call NFT as the work of crypto enthusiasts that the crypto space is able to give birth to something that is able to develop according to technological developments.

NFT is a wrapped token so technically its still a token so the NFT itself is your investment when buying it. The art/image/music is just attached to token during the process of minting that makes it an NFT that we all use for collection. NFT in general is a safe investment because its a digital art so it will not gonna expire or damage by holding it. The only danger in NFT are those price manipulation of whales just to hype the value of a certain NFT collection like cryptopunks and apes which doesn't make sense why it sells insanely high.

your explanation is correct and what's interesting about your explanation is that NFT is safe to hold and what's scary about NFT is price manipulation by whales. it is for this reason that many people worry that NFT is not the right choice apart from the top coins in investing. In my opinion, as long as the hype or trend of NFT is still good, it's certainly not a problem at all.

[bitkanu]

at this point I even prefer to invest in new tokens and meme coins over NFT, if there will be a painful bear market tomorrow NFT will be the cause behind it, people don't understand what they are investing money on.

At least meme token can be illiquid when it has liquidity and any trend that happened in the NFT will be gone so fast and it's even faster than meme token. it needs only a few weeks for the NFT trend to be dumped to the bottom again. That being said that when we seeing NFT as an opportunity and this caused by the hype on it but it's not about the fundamental on NFT. If this is related to the NFT art and this is the worst thing to be considered as investment but remember that NFT has so many kinds and we need to make sure if we are picking the right NFT.
NFT art is worst.

[wheelz1200]

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.

Agreed, it's a cash grab fad and unsustainable at these prices.  Most nfts are not fairly released or fairly minted we are finding out, and even the ones that are I wouldn't even call it art that people are putting out there.  Keeping my money in crypto and avoiding the nft craze..

[adzino]

I am have nothing against nor am I a huge fun of NFTs They are new and still the best use cases hasn't been discovered. But there are few things that you mentioned seems to be wrong about NFT.

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.

NFTs aren't just only "pictures". They can be anything. They are scarce as long as unique and only one of a kind NFTs are minted.

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?

Wouldn't "older" pictures be more rare and cost more? The older it is the more people will want to buy. This is how it usually works. The newer ones are also cheaper until they age.

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 thought they buy NFTs not as an investment but to showoff their wealth and to "uniquely" own something?

[LastKiss]

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.

It's true this hype makes people lose their money in just a mere picture lmao, good quality of NFTs should be like music or rare art, not some people and take a picture then it sold for millions. If something like that I smell money laundering in NFTs. But when someone can use this hype properly and earn money from it then why not right.

[YodasRedRocket]

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.
[/quote]

For investment purposes, I see no long term value. I could be as wrong as many early bitcoin deniers but I don’t think so.

[ethereumhunter]

First time Opensea launching to public full of art drawing picture sell there, but now I see not any art publish on Opensea with many not any art style drawing picture success sold with crazy price, latest maybe if any one remember with NFT Ghozali I think not any beautiful art with his picture, I am not jealous with how much sold his picture but just not have good function on Opensea right now after many bad picture sold there with low quality.

That's because people nowadays just follow the current trend without learning how to make NFTs or sell their work on Opensea. It will all end sooner or later and the people who just follow the trend will disappear and the trend will change.

Opensea is a free market where people can buy and sell their works but they also need to know what to prepare before going there. In addition, it also takes time for items at Opensea to be sold and that can be a long waiting time for them.