Uncertainty in the NFT market

[RussiaUkraineTranslation]

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

If you want to dip your toes into NFT investing, try participating in some NFT airdrops or bounties first. This way you can try trading/flipping your NFTs and see if it's profitable for you before you jump in the deep end of the pool. I know that MAXX . Finance has a free NFT giveaway going on right now on their website. The NFT will be used on their upcoming DeFi platform, so in addition to being rare it will have real world utility (unlike most NFTs which are just art) and should be worth a lot of money on the secondary market.

[1715622025]

1715622025

[1715622025]

1715622025

[sana54210]

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.

I think we are not at that level of NFT anymore, we are at a level where it's bear market so only the good ones are getting any attention. I am still seeing some amazing art work, and not just like 10k collection type of ape shit, I mean like real art work by the artists, are getting sold for a high amount. Just recently I saw someone sold their art for 1 million dollars, without a problem, and that was just one digital product.

This is why NFT is still alive, it is just not alive for the people who are trying to scam others by doing silly ape stuff or punk stuff or whatever. That type of stuff will not fly anymore, people are not willing to spend much anymore.

[serjent05]

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.

People are always attracted to high profit in a short time.  Even though there are several red tags and warnings regarding the possible loses on this kind of high-risk investment, they just don't listen.

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.

I think this kind of fraudulent projects will always pop up every time there is a new trend.  Scammers are experts in exploiting the trending and hot talk of the industry.  They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas.  And still  unwarry investors always take the bait.

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.

Aside from that, they should always check the developer's true background because it is rampant in this crypto industry to fake the developers background.

[usekevin]

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

[leea-1334]

I think this kind of fraudulent projects will always pop up every time there is a new trend.  Scammers are experts in exploiting the trending and hot talk of the industry.  They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas.  And still  unwarry investors always take the bait.

And as much as I want to fell sorry for the people who get scammed because they took the bait,,, in my experience many of them are not even first time scammed.

Just as many scam projects are actually having the same owners behind them,,, the same fake influencers and shillers,,, you also have the same set of speculators.

Takes scammers to run a scam

[lixer]

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

No, he wasn't into trading cryptos but he clearly said investing in nfts. Patience is indeed a must on everything that we do here in crypto because like for example on this year, the bear is taking too long to be completed and many are expecting that this can last till next year.

If you don't have a patience, you already sold and look for other faster way to earn. No one is exempted in this bear but everyone is affected including those nft's even if they are slightly different from cryptos. It may not be possible to sell and make a profit right now but this is a good time to invest whether it was a promising nft or a simple cryptocurrency.

[serjent05]

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.

Before telling them to be patient, they should take advantage of the information first.  Knowledge beats almost everything even the attempt of a scammer to scam people.  So put the patience on digging for information about new and available NFTs that you have an interest in.  Study them and check them for red flags.  If you are still uncertain then don't hesitate to pass.

So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

It isn't that simple, thanks to the scammers and money-grab devs that exploit NFTs.  Aside from that, the market trade isn't that easy because of lots of competition out there.

[LouVandetta]

I think this kind of fraudulent projects will always pop up every time there is a new trend.  Scammers are experts in exploiting the trending and hot talk of the industry.  They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas.  And still  unwarry investors always take the bait.

And as much as I want to fell sorry for the people who get scammed because they took the bait,,, in my experience many of them are not even first time scammed.

Just as many scam projects are actually having the same owners behind them,,, the same fake influencers and shillers,,, you also have the same set of speculators.

Takes scammers to run a scam

That's the reality of this crypto world, it takes scammers to run a scam indeed. And it's scary to think that scammers are getting smarter and creative in plotting their scam each passing days. And every single time, there's always those people that fell under their scammy scenarios. They could make the most of the trends at the time to scam everyone, be it a new projects, a copy-cat of other projects or NFTs. 

Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

If only it was that easy. Sadly, once you invested on NFTs or any other projects, it didn't guarantee you that the price will bounce back or recover even when the market's prices back to normal.

[leea-1334]

Takes scammers to run a scam

That's the reality of this crypto world, it takes scammers to run a scam indeed. And it's scary to think that scammers are getting smarter and creative in plotting their scam each passing days. And every single time, there's always those people that fell under their scammy scenarios. They could make the most of the trends at the time to scam everyone, be it a new projects, a copy-cat of other projects or NFTs. 

Not really if I am being honest the scammers have not gotten smarter, they use the very same ideas in 2016 and 2017, talk about hype, hire influencers, open groups, create fomo. New tech, new tokens, but the same sales tactics are in use and the people who fall for them, surprise! Are also the same type of people.

Trends do not change the tactics,,, and some people refuse to learn lessons.

[sana54210]

Surely we will treat you as equal to us.But the important thing is,you need to learn of patience on trading to get good amount of payments from it.It will applicable to the NFT also.Because when the market is down,how the people will get investment in NFT.It is highly impossible one mate.So the dollars you had invested in the NFT will return as like a diamond,when the crypto market back to the normal.

No, he wasn't into trading cryptos but he clearly said investing in nfts. Patience is indeed a must on everything that we do here in crypto because like for example on this year, the bear is taking too long to be completed and many are expecting that this can last till next year.

If you don't have a patience, you already sold and look for other faster way to earn. No one is exempted in this bear but everyone is affected including those nft's even if they are slightly different from cryptos. It may not be possible to sell and make a profit right now but this is a good time to invest whether it was a promising nft or a simple cryptocurrency.

Bitcoin, altcoins, nft, defis, all things in crypto require patience for sure. If your whole aim in crypto is to make money in a single week and then retire, you will surely lose more than what you can earn. There are tons of people who can't see this, and that is why they keep on doing worse.

However, if you have patience, it is still not enough because you could invest into something terrible as well. Look at people who invested into Luna for example, that was a bad one and even if they wait 10 more years they will be in a loss. Hence, they should always focus on picking the right thing AND waiting for a long time together. You can't make profit with just one of them, you need both together to make a good profit.

[AakZaki]

Not really if I am being honest the scammers have not gotten smarter, they use the very same ideas in 2016 and 2017, talk about hype, hire influencers, open groups, create fomo. New tech, new tokens, but the same sales tactics are in use and the people who fall for them, surprise! Are also the same type of people.

Trends do not change the tactics,,, and some people refuse to learn lessons.

I'm not interested in NFTs at all. I don't even own an NFT to buy, I have an NFT just a gift from one of the Exchanges. Even now it is worthless.   From the beginning, I knew that NFT is very useful for art workers, but to trade for profit is very difficult.  Some nft cases have bad endings. For those who bought NFTs during the Hype, they are currently struggling to resell. Until recently even I hadn't touched on NFTs at all, I thought it was just a hype that would quickly end unlike coin tokens that have utility.

[Iyeman]

I'm not interested in NFTs at all. I don't even own an NFT to buy, I have an NFT just a gift from one of the Exchanges. Even now it is worthless.   From the beginning, I knew that NFT is very useful for art workers, but to trade for profit is very difficult.

NFT art kinda famous for its quirk of having low liquidity that it isn't even worth it as a investment, you just better invest in something else so basically the fact that you don't really get carried away with the trend of NFT justify itself.
right now NFT in general are already fading, even the famous ones has lost majority of its value, I kinda doubt in the future it could be getting its value back, since the values back then was overly inflated.

[leea-1334]

Not really if I am being honest the scammers have not gotten smarter, they use the very same ideas in 2016 and 2017, talk about hype, hire influencers, open groups, create fomo. New tech, new tokens, but the same sales tactics are in use and the people who fall for them, surprise! Are also the same type of people.

Trends do not change the tactics,,, and some people refuse to learn lessons.

I'm not interested in NFTs at all. I don't even own an NFT to buy, I have an NFT just a gift from one of the Exchanges. Even now it is worthless.   From the beginning, I knew that NFT is very useful for art workers, but to trade for profit is very difficult.  Some nft cases have bad endings. For those who bought NFTs during the Hype, they are currently struggling to resell. Until recently even I hadn't touched on NFTs at all, I thought it was just a hype that would quickly end unlike coin tokens that have utility.

Same here,,, I actually have 2 NFTs that were gifted, all I had to do was claim. I know they are shit,,, I know they are worthless and even if I sell now I can get a few dollars minus gas fees but it is all a trick to get you to think there is such a thing as free money.

Sounds familiar right? Like I said, just like in the good old ICO days.

[masterrex]

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

IMHO, I guess we have common sentiments about NFTs except for the P2E NFT platforms because I already enjoyed and reap the benefits with these platforms and the demand for their NFTs is real because there is money circulating in it. Anyway, about the plain NFTs in the market, I have never invested with them so far because I was doubting their economic value and still asking where the demand is coming from? in these pieces of digital art that were stored on the blockchain. 

[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.

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.

History just repeated itself, however I will say that at least back in the ico days I could see why people got excited about them, as there were a lot of projects that looked as if they could become incredibly successful and at the end they disappeared like the majority of the coins released back then.

However in the case of the NFT market the scam was way too obvious and yet people still decided to invest in all kind of images, videos and other stuff which will never hold any value for the long term, and this is something that I will never truly understand.

[robattfield]

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

IMHO, I guess we have common sentiments about NFTs except for the P2E NFT platforms because I already enjoyed and reap the benefits with these platforms and the demand for their NFTs is real because there is money circulating in it. Anyway, about the plain NFTs in the market, I have never invested with them so far because I was doubting their economic value and still asking where the demand is coming from? in these pieces of digital art that were stored on the blockchain. 

It's perhaps more fair that as things have progressed, we've seen how the exaggeration of previous trends made them unsustainable in the eyes of many in the sector. I do not deny the potential that it applies to this market, but in general, the implementation to bring sustainable value to stakeholders is not balanced. Only the leading things of the field are maintained. That is, most of them are considered short-term products. Anyway, it's only a small part of the market for me, so there's no need to overestimate how likely they are to get better over time, because I see things coming up with time and things. If this does not bring benefits to the market, it will be replaced by new forms.

[icalical]

To be fairly honest, I think you are late if you want to buy NFT now, even if you can make some profit it will be quite low. Looking at previous crypto trend like ICO, and DeFi their popularity keep decreasing when bear market like this happening, and after the bear market end and bullish come the popularity does not come back and then the new trend come. So, if you have unused money laying around you can buy NFT and just leave it and pray, but if you are not ready to lose your money, my advice would be just wait.

[Luzin]

It seems that many people are unsure about the future of NFT. I'm also not interested in NFT. Even now, NFT which has a useful price has also fallen by 90%. I don't know it's because the market is bad or indeed NFT is getting less and less desirable. Here I get a picture of data from one of the Telegaram Groups. I also discussed this on my local board. Maybe this picture can make you know more about the current state of NFT prices.

[Tony116]

If you came to NFT last year, it would have been a great time to invest in NFT because of the hype, but given the current situation it is probably not a wise decision.

NFTs are not dead yet nor will they disappear like ICOs but the hype won't be at this point nor will it be profitable to invest.

I recommend investing in bitcoin and ethereum during a bear market because only these 2 coins are sure to give you safety and profit in the long run, everything else is uncertain.

[fortuner]

It seems that many people are unsure about the future of NFT. I'm also not interested in NFT. Even now, NFT which has a useful price has also fallen by 90%. I don't know it's because the market is bad or indeed NFT is getting less and less desirable. Here I get a picture of data from one of the Telegaram Groups. I also discussed this on my local board. Maybe this picture can make you know more about the current state of NFT prices.

It can be said that the question of trust for the future is indeed difficult because almost all altcoins are currently declining, especially NFT projects that are just developing.
But whatever it is, hopefully NFT will also have a good value and its development will continue for the next few years.