What's your take of NFTs?

[Fatunad]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

I dont see any utility out of these NFT's but surprisingly there are some who do really applied out some utility which i do see for it to be that relevant rather than on seeing images
which i dont really see any reason for someone to be considered to be good for long term aspect or duration.Yes, it might be for collection but wont really be that ideal
about long term and its true that its mostly talking about hype and i dont see any relevance of it.

[kidbounty]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFT is good, but sadly the industry nft relies on hype. unlike the crypto market which is based on utility and a strong ecosystem as its fundamentals. nft thrives on hype and speculation and that means it won't last forever. so nft is not suitable for investment. you can make a profit if you sell NFT, but you will not be able to make a profit if you invest in nft. this is an important rule in this industry. this is only profitable if you are a creator.

[wxa7115]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFT is good, but sadly the industry nft relies on hype. unlike the crypto market which is based on utility and a strong ecosystem as its fundamentals. nft thrives on hype and speculation and that means it won't last forever. so nft is not suitable for investment. you can make a profit if you sell NFT, but you will not be able to make a profit if you invest in nft. this is an important rule in this industry. this is only profitable if you are a creator.

The main issue I have with NFTs is that in many cases their existence was justified as a way to allow digital artist to be able to sell the rights to their works, however most of the NFTs that we see in the market have no artistic value and rely on hype to be sold.

If there were in fact a bunch of artists using this new technology to sell their art then the NFT market will look way more legitimate than what it does right now, in which many people think of it as nothing but a joke which will eventually lose its impact in this market as scammers have taken over the market as they always do.

[ItsCrafty]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFTs without Usecase will no longer for long time but those NFTs which have real Usecase will remain for ong time. NFTs is just started and yet new technology will be added soon. Maybe In futures sports ticket etc convert into NFT which will be advance system and much more in music industry also. Overall NFTs is long term solution.

[Psynthax]

A big confusing about what solution that being offered by NFT. i see no solution being offered by NFT in this case, NFT was just also the tokenization of assets in the different form like art, design, in app item or game item and many more. This is not offered any solution for that.
Taking this as an investment was also a very bad decision as well. This is not an investment. I would like to call this as a non fungible token that was focusing into the tokenization of assets other than fiat or money.
So, taking this as an investment was a very bad thing IMO. The usecase depends on the platform and so many times various NFT has no usecase.

[doomloop]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFT is good, but sadly the industry nft relies on hype. unlike the crypto market which is based on utility and a strong ecosystem as its fundamentals. nft thrives on hype and speculation and that means it won't last forever. so nft is not suitable for investment. you can make a profit if you sell NFT, but you will not be able to make a profit if you invest in nft. this is an important rule in this industry. this is only profitable if you are a creator.

It is not just about hype that is the problem. Obviously with the lack of hype and with hype dying down it is going to be worse. However, the biggest problem is that there are too many scam projects, and people who want to make money.

NF shouldn't be some person hiring a designer, getting like 10k collection made with like maybe 3-4 different traits, and then hoping to get 200k+ dollars from releasing that. There are so many people who spend like 20-30 thousand dollars and release an NFT collection and make 200k that, everyone started doing it at some point. With the hype dying down I am sure that there will be less money involved and it will go to correct places.

[Scripture]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Long term investment will work with NFTs, just hold for at least 2 years and assess later on if its still worth holding or not anymore.
I'm into NFTs as well, made some investment and some turns into a good profit but I'm still hoping for the good hype so my other investments can generate that income as well. Hype or not, it will depend on you if you are going to hold or not, just know the risk.

[TimeTeller]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Long term investment will work with NFTs, just hold for at least 2 years and assess later on if its still worth holding or not anymore.
I'm into NFTs as well, made some investment and some turns into a good profit but I'm still hoping for the good hype so my other investments can generate that income as well. Hype or not, it will depend on you if you are going to hold or not, just know the risk.

Only few of them are worth for long-term investment.
To know their potential value, better study and research their background.
Most NFT projects are just riding with they hype, they are only here for short-term.
So be cautious holding them, because you may be paying premium for a worthless token in the future.

[FairUser]

...
Do you think are a long term solution/investment or just hype??

In that hype, if you are sober and wise enough, you can be completely confident that you will make a profit, but conversely, many people are still skeptical because they do not position themselves. self-knowledge when participating in that space. I'm just blindly following sources and having no insight from myself, on strategies to generate income with this trend. I have also tested and gone through all kinds of emotional ladders, so I'm pretty neutral.  After that, I still want to direct people not to be too complicated with all the information in this market, buy BTC, that's all.

[masterrex]

Absolutely not, for me, the NFTs have their own timeline to shine, and next, it will slowly fade away just like any other crypto project in the crypto space so in that case NFTs will be replaced by a new idea or a new innovation that can influence and drive the attention of the crypto community because I believe nothing is permanent in the crypto space so it's better to accept it as a reality.



 

[ningrum]

Absolutely not, for me, the NFTs have their own timeline to shine, and next, it will slowly fade away just like any other crypto project in the crypto space so in that case NFTs will be replaced by a new idea or a new innovation that can influence and drive the attention of the crypto community because I believe nothing is permanent in the crypto space so it's better to accept it as a reality.



 

Basically in the crypto space nothing lasts forever moreover technological developments continue to move and that will make outdated ideas or projects fade by themselves,
we'll see how far NFT can survive in the crypto space and follow its development

[ven7net]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

It so happened that I personally was not particularly able to use NFT. I now have several NFTs in my portfolio, but oddly enough, they never brought me income. Now I'm just waiting for the result and I'm not investing in new NFTs anymore. Of course, this does not mean that NFTs are just a hype, because many have already been able to use them to develop their business and generate income, which means that NFTs have already brought help and benefit to many. So even though NFTs haven't brought anything special for me at the moment, I still consider NFTs to be one of the good opportunities for success.

[magneto]

The way they currently exist is useless.

I think that it's a matter of time before the hype completely dies down and a lot of people leave empty handed, especially those who have invested their savings into these things in the latter half of 2021.

However, as a technology it does have merits. And I certainly think that it is possible in the future we see more adoption.

[South Park]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

It so happened that I personally was not particularly able to use NFT. I now have several NFTs in my portfolio, but oddly enough, they never brought me income. Now I'm just waiting for the result and I'm not investing in new NFTs anymore. Of course, this does not mean that NFTs are just a hype, because many have already been able to use them to develop their business and generate income, which means that NFTs have already brought help and benefit to many. So even though NFTs haven't brought anything special for me at the moment, I still consider NFTs to be one of the good opportunities for success.

One of the big problems with NFTs is that unlike with what we see with shitcoins in which their crash is in the open and people can take the decision to sell their coins and recover whatever they can out of their bad investment, this is something that can happen in completely silence to NFTs, and this is because of their non-fungibility, which means that an NFT that you believe is accumulating value over time is in fact crashing without you realizing, and only once you decide to sell and there are no buyers you will realize the true value of your investment, that for most NFTs is zero.

[el kaka22]

In that hype, if you are sober and wise enough, you can be completely confident that you will make a profit, but conversely, many people are still skeptical because they do not position themselves. self-knowledge when participating in that space. I'm just blindly following sources and having no insight from myself, on strategies to generate income with this trend. I have also tested and gone through all kinds of emotional ladders, so I'm pretty neutral.  After that, I still want to direct people not to be too complicated with all the information in this market, buy BTC, that's all.

The "buy btc, that's all" is a great advice, if you are not sure about what you want to buy or what you should buy then buying BTC is definitely you should focus on. However, if we are talking about something that is profitable for many but you still feel like you are scared about it and do not want to get in, then maybe it could be beneficial for you to find others who are hyped about it and ask them.

If they can explain to you why they are so hyped about it, then you could probably get into it as well, they could convince you. The "reason" why they are hyped, could cause you to get hyped if it is a logical reason. If not, just keep it in BTC that's it.

[jaberwock]

Long term investment will work with NFTs, just hold for at least 2 years and assess later on if its still worth holding or not anymore.
I'm into NFTs as well, made some investment and some turns into a good profit but I'm still hoping for the good hype so my other investments can generate that income as well. Hype or not, it will depend on you if you are going to hold or not, just know the risk.

Your strategy seems to be very risky as we all know that there's a lot of crap nft's out there. You're only giving those greedy developers a chance to earn. It would be much better if you make a research first before you invest on something else, that way, it won't cost you anything. This is not a gambling site where you need to deposit only to test the site or their games.

Hype is the only way for you to recover your investment but I don't think most of the nft's that you invested will still experience a hype because hypes usually can come first or can come early, not in the middle or in the later stages. Investments that are not hype dependent are still better and they are the ones that are built for long term.

[lobo13hf]

NFT was just pure about the hype. NFT that came from the popular party was the only NFT that worth to buy unlike the NFT that came from someone who didn't have any popularity. NFT was not an investment. It's only a way to gamble your money through the tokenized art or assets.
It's also illiquid and your money may be stuck in your NFT once your NFT has no demand. So, it's a wrong thing to see this as an investment for sure. I prefer to take it as a way to doubled your money like gambling in your NFTs rather than a way to invest your money.
The price of NFT can be dumped so hard as there's no actual use for your NFT.

[GreatArkansas]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Long-term, YES. NFT will stay for me, it is more advanced, especially in the future. If you just take a look at how much volume is there in NFT, it's really huge so for me, we can consider that the hype in short term is high but you can also consider that the market is also very bullish when NFT started to become popular.
Overall, we will also consider the condition of the market because it will affect also.

[aprilnot]

What's your take of NFTs?

NFT is a great breakthrough in the crypto field. NFT also paved the way for mainstream companies to enter the industry. since last year NFT has grown very rapidly, even according to data from opensea, the trading volume of NFT has reached 6 billion USD.

Do you think are a long term solution/investment or just hype??

although growing very rapidly, but NFT is not a viable type of investment. long term or short term, for me it will be very difficult to make a profit if the Hype of an NFT has faded. NFT is good, but not suitable for investment, you could say we can only get profit when the hype is still there, but after that the price of NFT will fall and you will not get anything.

[fortuner]

What's your take of NFTs?

NFT is a great breakthrough in the crypto field. NFT also paved the way for mainstream companies to enter the industry. since last year NFT has grown very rapidly, even according to data from opensea, the trading volume of NFT has reached 6 billion USD.

Do you think are a long term solution/investment or just hype??

although growing very rapidly, but NFT is not a viable type of investment. long term or short term, for me it will be very difficult to make a profit if the Hype of an NFT has faded. NFT is good, but not suitable for investment, you could say we can only get profit when the hype is still there, but after that the price of NFT will fall and you will not get anything.

That's why I don't invest in NFT because over time the hype for NFT will slowly fade away.
At this time maybe NFT is still widely used as a payment tool for games, but in the future will NFT continue to survive like this?