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

[D ltr]

it's better to buy coins than NFT because NFT is just a collection of pictures or photos of people, in my mind
but for art lovers NFT is a normal thing to develop their thoughts and works
People's views on NFT and crypto coins are different, where everyone has a choice, and they decide which one they choose NFT or COIN

[fzkto]

Of course NFTs are a bad investment. Soon it will start to fade away, as it did with ICO or IDO. The hype for all these collections and pictures will end and their value will go to zero. But the idea and technology will remain and will be useful, like copyright for music or some things. But buying some pictures now for the purpose of holding them is crazy.

[avikz]

NFT platform Cent recently announced the close down of their NFT marketplace. Read the news here,

https://www.reuters.com/business/finance/nft-marketplace-shuts-citing-rampant-fakes-plagiarism-problem-2022-02-11/

NFT is a hoax! It will die a painful death for sure and erode billions of dollars from the investors pocket. So get out of it and invest in good coins. NFT can't make you rich, rather it can erode your existing portfolio value!

[LUCKMCFLY]

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.

Well, actually, looking at NFTs from the point of view of games, it has been the worst thing they have been able to implement, in fact, a gaming NFT has little confidence in investors, particularly I think that I do not have much knowledge of NFTs in art. , but it is a way to immortalize it, through an NFT I do not see that it is something bad, I do not see it as a scam and the best thing is that each person gives it the value that they think corresponds to it, however it should be noted that they come the metaverses and obviously the NFTs will have a share whether they like it or not, they will get involved in technology to emerge, I hope that by that time they will be able to control their internal economy and not become a scam.

[Fivestar4everMVP]

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.

From my own personal experience with NFTs, I don't really know if I should agree with you or not, but my experience with NFTs most especially on the Ethereum network has not been pleasant, what I know is that, I've gathered a lot of NFTs, but I've not been able to sell any, Ive potentially lost about 0.6 eth on NFTs I bought on Ethereum network way back in 2020 when the network fee was still minimal, this NFTs include crypto kitties, dego finance NFTs, I bought all this NFTs but I've not been able to sell any of it since 2020 up till now due to high network fees, the fees to even place them on sell is way higher than the NFTs worth, for this reason, I've forgotten about them, I call it potentially lost investment because I might never be able to sell them.
Coming to bsc network, I've gathered some NFTs on BSC network too, but I didn't buy any, I got them all for free, through trivia and some others through bounty, I've not tried selling any of it, but am hoping it doesn't end up like the ones I got on Ethereum network.

[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.

Well, actually, looking at NFTs from the point of view of games, it has been the worst thing they have been able to implement, in fact, a gaming NFT has little confidence in investors, particularly I think that I do not have much knowledge of NFTs in art. , but it is a way to immortalize it, through an NFT I do not see that it is something bad, I do not see it as a scam and the best thing is that each person gives it the value that they think corresponds to it, however it should be noted that they come the metaverses and obviously the NFTs will have a share whether they like it or not, they will get involved in technology to emerge, I hope that by that time they will be able to control their internal economy and not become a scam.

But sadly, many of them want to get involved in NFT without learning what they should be doing. They are tempted by the amount of money that other people have earned, so they compete in uploading their work and hope that their work will sell for a high price. If they can learn what NFT is and how to use NFT properly, they will not fall into scams, and in fact, they can sell their work to many people and make money from NFT.

[tyz]

I can only urge any NFT investor to watch the following parody from Youtuber Joma about NFT investing. I think this parody gets to the heart of the matter. Only the very first really make money with NFTs. Anyone who comes a little later is the loser.

https://www.youtube.com/watch?v=JgdP7oWP0_0

[Flexystar]

Hmm, you saying what you saying and that might be correct but not always. Though NFT getting screwed now and then but we have to agree they are valued and valued a lot since the beginning. Though they could be risky with time they are here to stay for as long as the investors ready to buy them. Plus I also find it intriguing that NFT are one of the ways to do money laundering. I mean there been lot of stories so what we can say about it. Moreover, similar things used to call about bitcoin or altcoins and so on. I think every asset is like this. First we call it good investment opportunity, then we go on some doubts and then at the end of era it’s just bad. So the cycles always gonna be there.

[eaLiTy]

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.

NFT is not just pictures you can store in the blockchain. You can store music, words anything and the options are much bigger. Always go for licensed NFT from artist which are rare and there are projects that launches NFT that can be used in the metaverse and can be used in the games they launch. So it is much bigger than what you think about them.

The hype died down, but good projects will always shine in the future.