Uncertainty in the NFT market

[Quidat]

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

There’s still a buyer but not like before, maybe the bear market affects those investors again and they just want to own real coins with a good utility, NFTs right now is on a big trouble because if they can’t survive this bear market, what more in the future. If OP still decided with NFT, better to analyze again and go for the top NFTs, I just don’t advise to buy any NFT art here, that expensive art might not be worth it anymore in the future.

When hype is over then expect that there would really be in less purchase of nft's which its normal specially now that there are lots of rugpulls that do happen specially talking on those nft games
and if we do talk about those images then i dont really see the potential of it and dont know why there are still people who do really fan on buying shitty images just because they do believe that
it could really be having the potential to rise its value in upcoming years to come. Uncertainty is normal because we do know that trends do come and go thats why its normal
that we would see that it do really changes.

[minhtra]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

[2tang]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

[virasisog]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

You can rely on Bitcoin and Ethereum as the market situation basis because most altcoins, as well as NFTs, rely on them but for me, the current market season is not a good time to invest in NFTs but rather potential and top coins that could resist the bear season. You can actually check the previous market history so you'll have an idea of the possible things that could happen.

[saint_casanova]

It's too late to make money from NFT, when I say this, I'm not saying that NFTs are over, it's just that the interest has decreased now, but it's something that won't disappear, I think you should stay away for now, but you can follow it. You should distribute your money in a safer way, if there is interest again, then if you make small nft purchases, I think you will have made a cautious entry into the market.

There’s still a buyer but not like before, maybe the bear market affects those investors again and they just want to own real coins with a good utility, NFTs right now is on a big trouble because if they can’t survive this bear market, what more in the future. If OP still decided with NFT, better to analyze again and go for the top NFTs, I just don’t advise to buy any NFT art here, that expensive art might not be worth it anymore in the future.

I think people force themselves to be smarter after every cycle of the bear market. It was the ICO and all of it variants back then, 2018. After the 2018 bear market has gone, no one care to those ICOs anymore. I think the same will happen to NTFs after this bear market is gone. Look for the next market trend instead of the already overhyped and lack of momentum NFTs.

[blockman]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

They have been down all along with the market. We don't know once bitcoin recovers big time if they're also going to recover.
We still don't know if this is going to be up again once the whole market is up too. I'm thinking of the same craze and mania for ICO and NFT, and we shall see if there's really a resemblance for each of them and if it happens, we'll see that it won't be the same as before.

[Slow death]

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I suggest you take a lot of time doing research on google and youtube and on this forum, but giving a piece of advice:

do not put your money in these NFTs at this time when the market is in great uncertainty about which direction the price will go

I'm new here please treat me well

why do you think like that? looks like you're not a new member

[globalpain]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

The benchmark always points to the best coins like Bitcoin and Ethereum because that is the basic thing that traders who are very active in the market always look at, because you yourself can see when both are still trending down, the market conditions are always not in a good category.

You can rely on Bitcoin and Ethereum as the market situation basis because most altcoins, as well as NFTs, rely on them but for me, the current market season is not a good time to invest in NFTs but rather potential and top coins that could resist the bear season. You can actually check the previous market history so you'll have an idea of the possible things that could happen.

That's right it's better with the current conditions we take advantage of to buy or invest in potential coins than NFT,
actually it depends on individual preferences but for me NFT is not promising,
What's clear is do research first and all decisions are in our own hands

[leea-1334]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

Especially I think because NFT biggies like BAYC are priced in ETH,,, yes, as soon as ETH trades for one entire week below 1k, these NFT floor prices are going to drop beyond what we think is possible.

The naughty NFT tricksters are up to wash trading tactics again also I am hearing on some marketplaces and STILL only can make 10% of February trading volume!

[CapGelatik]

NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

[Teraboy]

we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

[serjent05]

Most nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000  and ETH below $1,000 before another rout

Most NFT are down in a big way because there is actually no demand for them.  It was very popular due to hypes and who knows if those NFT sold at million price is a legit sale?  Wash trading is rampant in cryptocurrency especially when they are hyping the market.  So it won't surprise me if they are just buying their own NFT just to create hype or noise in the market.

NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

I don't think NFT will be hyped again when the bull market comes.  Before many do not know about it and were affected greatly by hype so they jump in without thinking.  Now that they saw that NFT isn't something special I doubt people will get hype again.

[shinratensei_]

Why are you feeling uncertain? The price already dumped so hard and the hype was gone but the main reason must be the bearish trend. During the bearish trend and everything will be wiped out from the market. It odens't even matter what it is and a lot of new tech will be going down as the demand to invest were also decreasing a lot. I think that this time is the best time for the accumulation mode. Im sure that if people aware about that.
I have been also accumulating more and more tokens from the NFT project. I were picking it caused by token was liquid compared with NFT which illiquid.

[ven7net]

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I'm new here please treat me well

As for the uncertainty, it is probably now in many and in different markets. Of course, this is due to the current situation in the world. As for the uncertainty in the NFT market, one thing can be said here, no one can know for 100% what will happen next, so all decisions that are made are made at your own risk. NFT, of course, did not appear today or yesterday, and therefore, to some extent, they have already been successful. However, now that many NFT markets are in a downturn, it may also be influenced by this, hence the uncertainty. I think that we need to wait until the crisis is over, and then the uncertainty will probably go away and there will be more opportunities to achieve success, including in working with NFTs.

[wxa7115]

we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

Correct, I do not see where people see any kind of uncertainty at the NFT market, most people have always seen in the NFT market a manipulated market full of scammers and useless products that at the end will be worthless.

And surprise surprise that is exactly what happened, so while I am sorry for all of those which let the hype get through their heads and bought those useless coins at the end they are getting exactly the results the community thought they will get, so they have no one to blame but themselves for their losses.

[Oilacris]

we are currently in a downtrend and NFT are the ones that gets affected the most, it's right now a bad idea investing in NFT honestly because it seems the trend is already over too.
it also seems that NFT has finally showing its true worth instead of its inflated worth that we have seen in most of NFT platform few months ago.
there is still a lot uncertainty in regard of whether an NFT could ever regain its former glory in the future.

Correct, I do not see where people see any kind of uncertainty at the NFT market, most people have always seen in the NFT market a manipulated market full of scammers and useless products that at the end will be worthless.

And surprise surprise that is exactly what happened, so while I am sorry for all of those which let the hype get through their heads and bought those useless coins at the end they are getting exactly the results the community thought they will get, so they have no one to blame but themselves for their losses.

Just like into that ICO boom where people do really believe that it could bring out fortune into them until the market had been flooded out by lots of shit and garbage projects which we dont really need.

Lots had been scammed and lots had lost their money or investment but people or the community doesnt really learnt up from those mistakes and keep supporting and investing on things which are obviously scam and not really worthy and from ICO we do see IEO,Defi and here comes NFT and we dont know on whats next.

Every investment does have risk which it is depending on someone where they would really be that mindful on following risk management and good emotional handling.

[Oceat]

NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.

I have to disagree somehow since NFT was just driven by the hype that's why it's so trendy in crypto space but in reality those who owned it made a lot of money than those who buy it. Plus not to mention the stealing of different artworks from someone without putting the real credit to the owner... it's so rigged just like how those ICO and other new alt projects.

Maybe bear market would have a little effect on the NFT market but it still doesn't change that they were just so trendy because of the hype created everywhere.

[Iyeman]

honestly majority of the NFT has been having massive correction, so I guess most of them have been showing their true worth, so if you wanna invest I guess it's the best time, regardless though most of the NFTs are lacking in liquidity
you could invest in them but you could hardly liquidate the NFT arts and the likes. so basically even if we are in rallies NFT is still a really bad choice for investment since there's small liquidity and there are just better investment alternative out there.

[fuguebtc]

Good morning

I was looking at the uncertainty that there is currently about investing or not in NFT projects... what do you think about it?

I'm new here please treat me well

As a result of the bear market, it is extremely difficult to make a profit from investing in NFTs at the moment, since most of the NFTs have dropped considerably in value. If you love it but are still not completely sure then you better not invest. If you invest in anxiety and insecurity, it will make you unstable and prone to wrong actions. You should look at the top coins during bear season, wait for the bull season to come and see if NFT generates any more hype. It's not too late to invest at that point.

[GreatArkansas]

NFT market after the huge dump recently got REKT. To be honest, even how quality the project is they are dumped together with the entire cryptocurrency market.
For me, I don't hate NFT but last time it went crazy, it is during a bull market when everything is pumping. So for me, waiting for it to happen again is a good entry, maybe there is a new trend that will cause hype, we will never know if it's still NFT or still NFT just another wave.