lienfaye
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March 08, 2022, 02:29:02 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
It depends on the utility. Based on my experience on NFTs by playing and holding the tokens, if the hype is over the price is slowly turning down hence if you see an opportunity to sell, do it now because you'll never know what will happen in the coming days. But since NFTs are just another trend in crypto space I think its not advisable to hold it for long term. Its best to invest on established coins if you plan a long term investment rather than holding NFT tokens.
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Inspiron14
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March 08, 2022, 05:57:34 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
something that is influenced by speculation is not suitable for the long term. so it's better to just trade it. After all, NFT is highly speculative, when the hype fades, one thing awaits: losses. in contrast to crypto coins that still have hope that it will develop better tomorrow. It is better as much as possible to minimize the existing risks because after all NFT for long-term investments is too risky, NFT is affected by hype and just imagine when it is not hype NFT then its value will go down, what is certain is that if you compare it between NFT and crypto coins, it is clearly different
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Strongkored
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March 08, 2022, 07:09:36 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
You get it free if the value is high enough to be better sold or at least give you a good dollar and replace it with another coin saved for the long term. I once had coins from an airdrop and thought it would keep going up but what happened was that its value kept going down and became zero value. NFT is the same as other crypto trends all just waiting for time until finally abandoned and replaced with a new trend. Before it's too late it's better to sell it.
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bakasabo
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March 08, 2022, 08:07:57 AM |
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This is a very contradictory question. On one hand, NFT is considered to be art. In most cases, the value of ART or intellectual property grows. On the other hand, NFT is a digital art only. Its creator dont need to have experience or special skills to create. Basically, NFT is just a subject of supply and demand, where demand is a dominant factor. But what I think, that it is just another trend that wont last for years or decades.
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lizarder
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March 08, 2022, 08:36:22 AM |
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Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project, and no one knows what will be the future of them. Is it better to trade NFT tokens rather than holding it for longterm?
Initially NFT has potential according to the running hype, we can trade under certain conditions, there are NFT tokens that have a high selling value, but also very many have no selling value, sometimes this kind of token must be at a certain moment for us to invest, because tokens like this are influenced more by the ongoing hype, as long as the hype is good, the token can be used, actually this really depends on the moment and one's intelligence in seeing opportunities
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XUR_TIP
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March 08, 2022, 09:35:57 AM |
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Everyone can create their own NFT in crypto space now which is why it's not safe to just buy any NFT on any platforms this days, NFT is more dangerous than token and this is why I won't recommend buy NFT for long term, all the NFTs I have was won 100% free so I don't mind leaving them in your wallet.
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verushka
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March 08, 2022, 01:56:23 PM |
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nft is just bullshit in my opinion. Why should I pay thousands of dollars for 35 images on the internet when I can collect something that I cannot see concretely? Therefore, in my opinion, their tokens are also completely scam. Because I'm in favor of not keeping it for a long time. Otherwise, your money may be gone in an instant. If you want to make money with the logic of buy and sell immediately in the short term, you can try it. However, you should sell what you have immediately where it satisfies you.
All NFT are different. A lot of depends how useful they are and for what purpose they are used. Now appear whole Metaverses with many games that use NFT like this https://twitter.com/kusunokitoken/status/1500595135733956609In such case NFT are useful.
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henmark
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March 08, 2022, 09:28:53 PM |
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The google trends showing that NFT is getting lesser and lesser attention these days. The reality is that there are some good utility NFT projects out there and that makes sense, and there are some top names, and even though I do not find "cryptopunks" or ape stuff not so logical to invest, people do invest hundreds of thousands of dollars into it.
However, we had a period where EVERYONE started their own NFT and the hype was too unrealistic to sustain. Now that it is going down, we are going to see a few good projects come out of it, and some that will use the utility part of NFT very well and that is when things start to get real good in the crypto process.
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ardydyon
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March 09, 2022, 03:23:04 AM |
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nft makes a new innovation for the blockchain world. This development of nft gives rise to many new tokens that carry nft. when nft started trending many new tokens appeared using the nft project. but not all of these nft tokens are able to compete. many tokens are down because they don't have good fundamentals. for new nft tokens it is better to trade, but tokens that have good fundamentals can still allow for development in the future
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lombok
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March 09, 2022, 04:49:35 AM |
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-snip- Is it better to trade NFT tokens rather than holding it for longterm?
In my personal opinion, yes, it is better to trade the NFT you own than to keep it for a long time. I personally am not a collector and I think NFT is a collector's product where NFT can be used as a collection. Because of the hype, the price of NFT had gone up by tens of thousands of dollars per NFT. But if the hype is no longer in NFT I doubt NFT will still be valuable or not if we keep it for a long time. However, for someone who is an art lover or artist, NFT is a blessing where his work will be appreciated by people, especially if it is a limited edition work. I think NFT like this will last a long time and we can make savings for a long time.
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Sayeds56
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March 09, 2022, 06:08:51 AM |
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Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project, and no one knows what will be the future of them. Is it better to trade NFT tokens rather than holding it for longterm?
NFT sector of crypto space is comparetively new but still it has performed extremely good during the past months when we look at total volume of NFT traded on opensea.io exchange. It has grown to 3.5 Billion/month which is very impressive. The developers of NFT projects are consistently working to add new faetures to its use case so I think it is better to hold NFT tokens and wait for Bull run which will certainly come once Bitcoin market stablizes above 45K. https://cointelegraph.com/news/opensea-surpasses-3-5b-in-monthly-ether-trading-volume-setting-new-ath
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robattfield
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March 09, 2022, 06:18:33 AM |
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Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project, and no one knows what will be the future of them. Is it better to trade NFT tokens rather than holding it for longterm?
I would sell them if possible and move to a coin and hold it for the long term rather than hold NFT. But my experience with this market allows me to believe that NFT has potential, but it is better to choose the safe stuff to watch for the long term. Anyway, everyone will perceive the trends differently and find their own opportunities. It is better to act on your own experience, even if you may make mistakes, but believe that you will succeed in your efforts.
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cryptoaddictchie
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March 09, 2022, 06:37:29 AM |
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Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project, and no one knows what will be the future of them. Is it better to trade NFT tokens rather than holding it for longterm?
Advantage of tokens is you can easily liquidate it unlike nft that needs to be auction and wait for it to be sold. Thats really a difference, but it doesnt mean nft cant be convenient. If hype projects then you can easily sold that if you out a floor price but if not that good then chances it wouls be just a display on our wallet. Top nfts easily sold out and that means they really got a fair value and demand.
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bestcoins1
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March 09, 2022, 06:50:24 AM |
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In my personal opinion, yes, it is better to trade the NFT you own than to keep it for a long time. I personally am not a collector and I think NFT is a collector's product where NFT can be used as a collection. Because of the hype, the price of NFT had gone up by tens of thousands of dollars per NFT. But if the hype is no longer in NFT I doubt NFT will still be valuable or not if we keep it for a long time.
The popularity of NFT makes the collection price on each NFT product increase, but that is no longer the case now even though NFT will still be popular at this time and also next year, because when all lines are known how to play, then its popularity will also decrease. over time. I personally am not an NFT collector even though I wanted to collect it, just because I saw that there were only certain people who were interested in it, I started to discourage myself from having NFT in the near future.
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kojektea
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casinosblockchain.io
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March 09, 2022, 08:13:55 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
Holding it or selling it is a choice of each. But because this is an NFT basis, I believe that for the future NFT will be more popular, some opinions say that the NFT token is intended for the long term, it's just that it hasn't been proven until now because there is no definite NFT token that can last for the long term. No one can say for sure if it will last for the long term or they are NFTs that hype then just disappears. In my view the strongest NFTs to survive in the long term are those that have sustainable platforms like games.
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bakasabo
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March 09, 2022, 09:02:25 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
Holding it or selling it is a choice of each. But because this is an NFT basis, I believe that for the future NFT will be more popular, some opinions say that the NFT token is intended for the long term, it's just that it hasn't been proven until now because there is no definite NFT token that can last for the long term. No one can say for sure if it will last for the long term or they are NFTs that hype then just disappears. In my view the strongest NFTs to survive in the long term are those that have sustainable platforms like games. Cryptocurrency market is very dependable from trend and changes quickly. You could have noticed how trends changed during last 4-6 years. ICO > IEO > DEX > Farming > Meme coins > NFT > Metaverse. In one or two years everyone will forget about NFT. Even games wont help. What gamer usually makes after finishing game? Start walking it through once again or searches for another game? I think that gaming NFTs will last a bit longer then simple NFT art. And then games will adopt to something new, that will appear in crypto.
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LogitechMouse
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March 09, 2022, 10:46:38 AM |
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Is it better to trade NFT tokens rather than holding it for longterm?
I'm invested into some NFT tokens and metaverse tokens but I have no plans of holding them in the long term but maybe in short to mid term. The NFT hype is over already (I think) and we are now seeing those NFT games that survived the onslaught. On the other hand we've seen some NFT games as well that turned out to be a scam because they rug-pulled. In the end, I don't think that taking our advice seriously will help you. It would be better if you will do your own research as always because its your own money.
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lombok
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March 09, 2022, 12:23:51 PM |
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In my personal opinion, yes, it is better to trade the NFT you own than to keep it for a long time. I personally am not a collector and I think NFT is a collector's product where NFT can be used as a collection. Because of the hype, the price of NFT had gone up by tens of thousands of dollars per NFT. But if the hype is no longer in NFT I doubt NFT will still be valuable or not if we keep it for a long time.
The popularity of NFT makes the collection price on each NFT product increase, but that is no longer the case now even though NFT will still be popular at this time and also next year, because when all lines are known how to play, then its popularity will also decrease. over time. Yup. That's why I categorize NFT as a collection and only certain people (collectors) want to own it for a long time regardless of its value or price. If our orientation is investing and making money, then trade is the solution or invest in projects or coins like BTC, BNB or ETH. But if the orientation is collection, I will not forbid, NFT is heaven for collectors. -snip- I personally am not an NFT collector even though I wanted to collect it, just because I saw that there were only certain people who were interested in it, I started to discourage myself from having NFT in the near future.
The steps you take are fullies of calculations and careful thought, I appreciate that.
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tbterryboy
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March 09, 2022, 04:52:23 PM |
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Is it better to trade NFT tokens rather than holding it for longterm?
I'm invested into some NFT tokens and metaverse tokens but I have no plans of holding them in the long term but maybe in short to mid term. The NFT hype is over already (I think) and we are now seeing those NFT games that survived the onslaught. On the other hand we've seen some NFT games as well that turned out to be a scam because they rug-pulled. In the end, I don't think that taking our advice seriously will help you. It would be better if you will do your own research as always because its your own money. That is the alright part. I mean if you do not believe that they will not be the kings 10 years later, then you could always invest right now and get out later on. I have been investing into floki recently and I believe that it will not be a great coin. However I am also smart enough to know that we are talking about something that is not really that long term and I will get out of it in a year or so. That is alright, but there are some people who buy lands on sandbox and believe that 10 years later it will worth x100 more. Unfortunately, I do not believe that will be the case, I believe that we are going to have a few good places, and none from todays world.
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Captain Corporate
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March 09, 2022, 06:56:06 PM |
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By the looks of it, NFT trend is getting lower and lower everyday. At some point it was everywhere and it even made it into south park jokes. Everyone either invested into it, or mocked about it, but everyone was aware of it. You can't say whatever you want about NFT's, but they were not irrelevant to crypto. However, these days its getting lesser and lesser. I have been in crypto for a long time and I can say that it is not as big as it used to be and this is where the cycle ends. Doesn't mean that there won't be new NFT projects. It just means that when it is hyped at peak point, there are many scammers, and when there is a "better" way to scam, they all leave and go to the next one. At that point we are going to be left with serious projects mainly and the scammers will be somewhere else.
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