Crypto NFT is illiquid and prone to a big loss

[vv181]

Yeah, that's one scenario, and it means that the NFT industry is just based on pure hype alone.

You can see it especially right now because all NFT's are down. No hype = no value in NFT's.
A bear market will kill so many NFT's if most NFT's won't be forgotten anyways.

Hype is temporary but the idea within NFT is worth to be explored. Is there a ton of useless insignificant NFT projects? absolutely, and they surely will or deem to fail. But the concept of digitally collectables things is worth mentioning. There is a reason why people collect things, and in the future where more interaction and the world keep getting digitalised, NFT may play its part, note that many industries may adopt NFT ideas differently and may be able to adapt them to suit their business.

[CBrowns79]

Can't agree with you while BAYC are making their life like space lol.
Even some unreleased nft's make their utility to use, reptile chronicles for example are making something new and interesting as they said during AMAs in gaming perspective, so you need to keep an eye on new projects to see what NFTs are about

[serjent05]

Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.

It is because most NFT projects implement a Ponzi scheme-like method where the economy depends solely on the newcomers' investment.,

 

NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.

Definitely a hype, I believe that the initial market of NFT's are manipulated by some people to make it look like an item that is in demand creating a highly inflated price.

But in reality, NFT has a huge risk: ...

Any market that is modeled from a Ponzi scheme system without any utility has definitely a huge risk.

NFT is just illiquid and prone for a big loss.

I highly agree.

Anyone can make NFT's and then call it an art, sold and hope that in the future it will have a value, but that is not always the case. As in the case of art collections in real life that can appreciate overtime, NFT's are not as far as I' concern.

I think this is  the reason why some NFT are called Art...

What is NFT example?
Non-fungible tokens can digitally represent any asset, including online-only assets like digital artwork and real assets such as real estate. Other examples of the assets that NFTs can represent include in-game items like avatars, digital and non-digital collectibles, domain names, and event tickets.

NFT Art collection can have an appreciating value over time when the artist is a known one.  The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.

[cryptoaddictchie]

I'd say in short NFT is scam.

Why should someone need to pay ridiculous amount to obtain an art while you can actually download it for free lol. Since crypto is pseudonymous where you can see which address send the token and which address send the NFT, but you don't know who behind of those address. It's possible a same person bought his own NFT with huge amount money to make people think this art is really expensive, so when this art is hyped, people really want to buy it. Easy money for him and the buyer will rekt.

Thats true however not all are like that and to generalized all nft as scam is totally not appropriate. If nft were scammed then why it keeps trending and getting attention. Artist made some money from their art isnt that helpful? It doesnt mean you dont like it its already scam. Many projects on nft are legit, you just need to check which one is true on their words and has actual means to it.

We cant deny there are scams happening on nft but to say nft is scam at all? I dont know.  Youll find arguement here from nft collectors and avid fans.

[TWW]

NFT Art collection can have an appreciating value over time when the artist is a known one.  The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.

even we can see many pictures of garbage which they sell at a high price in the NFT market.
what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.

[Davian144]

even we can see many pictures of garbage which they sell at a high price in the NFT market.
what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.

If you look at a product in terms of function, it will always make a difference in everyone because Game fans will certainly like every product related to the Game, as well as an artist who knows how to appreciate an image that other people think may be just trash.
So don't judge an image if you're not an artist and neither is a gamer who can't appreciate a mining tool because that's not what he needs.

[yazher]

If you look at a product in terms of function, it will always make a difference in everyone because Game fans will certainly like every product related to the Game, as well as an artist who knows how to appreciate an image that other people think may be just trash.
So don't judge an image if you're not an artist and neither is a gamer who can't appreciate a mining tool because that's not what he needs.

Just like me, the game I'm playing right now uses the NFT idea which wasn't in the game in the first place and I'm enjoying it so much because I am a gamer from my childhood until today. I think these are the same feelings the artist have when they see their arts getting more exposure nowadays with the help of NFT productions and not only that, they can also sell it and be one of the popular artists that will gonna be of the main person who will raise the NFT status in the metaverse.

[Razanm90]

Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.

NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.

But in reality, NFT has a huge risk:

Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.

A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!

It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.

Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.


NFT is just illiquid and prone for a big loss.

I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?

[funteki]

NFT Art collection can have an appreciating value over time when the artist is a known one.  The problem with NFT art today is that they are created by some random people mostly copied from the internet and is sold at an unreasonable high price.

even we can see many pictures of garbage which they sell at a high price in the NFT market.
what might be a little convincing is NFT's assets from game project development. they have values and functions to work with. not just a stored art asset that has no function.

85% of the NFT market is garbage or even more, and yeah you are right about nft p2e and usual nft, that's two different things, I'm more in P2Es this projects give hope, and it's easier to distribute garbage from cool one, while usual nfts is just a art with a good marketing

[funteki]

Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.

NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.

But in reality, NFT has a huge risk:

Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.

A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!

It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.

Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.


NFT is just illiquid and prone for a big loss.

I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?

by the way to my top post, this project looks good, top-notch arts and cool universe lore, and also Shah in partnership, this one gives hopes

[Razanm90]

Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.

NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.

But in reality, NFT has a huge risk:

Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.

A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!

It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.

Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.


NFT is just illiquid and prone for a big loss.

I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?

by the way to my top post, this project looks good, top-notch arts and cool universe lore, and also Shah in partnership, this one gives hopes

They have new influential partners every day, I subscribed their Twitter and every announcement is amazing. I am sure that this project has a great potential.

[funteki]

Some people say, NFT is a big hype but we should be looking really closely to what most NFT's really are: useless and prone to loss.

NFT were launched as digital art to give up for sale and it got famous very fast because of hype. But as every hype, a justification needs to be searched and if NFT is really valuable to be bought for a high price.

But in reality, NFT has a huge risk:

Everyone needs to know about NFT: NFT's are completely illiquid. Each NFT needs a single buyer who decides to buy it and it will be really, really hard for you, to find someone willing to buy your single NFT.
Someone needs to see your NFT on Open Sea and pay your price.

A NFT is not like a coin or a token, where much liquidity is around because a coin or a token has many units to be requested by buyers. On exchanges, it is quite easily to sell your coins because liquidity is around. But no liquidity is around for a NFT. Your NFT needs a single buyer.
So many people are willing to buy BTC or a different coin, but how about YOUR single NFT? Not so much!

It is very unlikely to get a buyer for your single NFT because wise people will know how hard it will be to sell it again. So almost nobody wants to buy a NFT.

Some NFT are already dyed out and a statistic recently has shown a 90% loss of price for a wide range of NFT.
NFT is only interesting, when it's newly launched and it is hyped. But for re-selling, used NFT's are quite unpopular and likely to make a big loss.


NFT is just illiquid and prone for a big loss.

I dont think so, people see only the negative aspects of the NFT. I prefer NFT now, but I also invest in coins. I think that NFT Gaming has a great future. I am sure that NFTs can be more popular in the early future. I am following a few NFT projects, some of them are garbage. I want to find an ambitious and interesting NFT-based game and I think that found it. I saw some tweets about the NFT-based game "Reptile Chronicles". Their art was so amazing, especially warrior's pics. Have you heard about this project?

by the way to my top post, this project looks good, top-notch arts and cool universe lore, and also Shah in partnership, this one gives hopes

They have new influential partners every day, I subscribed their Twitter and every announcement is amazing. I am sure that this project has a great potential.

I already saw it, its good that they are doing collaboration and partnerships with another projects, so people can understand that its not a scam

[poodle63]

exactly the reason why so many people are hesitant to invest in NFT that are based from arts. because the value are so illiquid and even if it says it was valued millions of dollars if there is no one to buy then it's the same as valueless.
I think NFT games are better in terms of liquidity than the NFT art ones since NFT games usually have quite good market volume for their game.
also, lets be frank sometimes NFT art just doesn't make sense, feels like a market manipulation since sometimes the NFTs that good famous are like very random, there is no pattern for the NFT arts to be success instead it's just random attempt.