Uncertainty in the NFT market

[Cling18]

NFTs aren't strong enough to deal with this season. Some developing projects paused for a while and will just resume launching when the market recovers. The hype of NFTs isn't active anymore and it's hardly affected by the bearish market. I guess the time for NFTs will continue to boom in the future but it needs time and investing in it in this bear market won't be a wise idea.

[n0ne]

NFTs aren't strong enough to deal with this season. Some developing projects paused for a while and will just resume launching when the market recovers. The hype of NFTs isn't active anymore and it's hardly affected by the bearish market. I guess the time for NFTs will continue to boom in the future but it needs time and investing in it in this bear market won't be a wise idea.

NFTs are hyped same as that we had ICO's in the past. To some extent it looks good and it emerged as a value backed asset. Further it wasn't able to make good progress, because people realised a new marketing strategy is being used and nothing is gonna happen out of it. I don't find the NFT market to flourish as its beginning days.

[serjent05]

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.

It is because NFTs are overpriced.  Aside from that the economic model of NFTs mimics the Ponzi-like schemes.  Since NFT has no real-life usage, they just rely on the next buyer who will get it at a higher price.  Since there is not much demand, the market will normally crash just like on the graph.

NFTs aren't strong enough to deal with this season. Some developing projects paused for a while and will just resume launching when the market recovers. The hype of NFTs isn't active anymore and it's hardly affected by the bearish market. I guess the time for NFTs will continue to boom in the future but it needs time and investing in it in this bear market won't be a wise idea.

I think the hype of NFTs is long gone now.  People are also aware that there is more risk than profit in this industry so many are avoiding this market to avoid unnecessary losses.

[Captain Corporate]

It is clear that we are not going to end up with a clean NFT market anytime soon. Sure its going to be something that is a bit of a risky situation for a while, but not %100 down and horrible neither. We are in a situation where we are seeing some projects that do well, and some projects that do not do so well. Which means that we can't say "all NFT's are risky and avoid them" or we can't say "there is an NFT hype, invest right away!" anymore neither. Just check each project carefully all by yourself, and if you think that its doing well enough, then we are going to be fine, pick the good ones, and avoid the bad ones and you should be fine.

[minhtra]

Downtrend week for NFTs this week I would say given that nft floor price for most of the blue chip NFTs are on decline.
I suspect because new NFTs coming into the market taking the excitement such as Stepn shoeboxes, the americans, kingship, and terraform doing some reasonable volumes as well as people taking profit and de risking from crypto price recovery https://www.coingecko.com/

[posi]

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.

Yes, this is a very difficult question, we cannot say NFT will die while the topcoins are just as bad. I agree that the price of NFTs is greatly inflated in the 2021 bull season and their price without hype is very low. But obviously, NFT is very new and many of us are just looking at its hype to invest, people haven't dived into it yet. At this point, it is difficult to confirm everything, whether to invest or not, let each person decide for himself.

[Questat]

Downtrend week for NFTs this week I would say given that nft floor price for most of the blue chip NFTs are on decline.
I suspect because new NFTs coming into the market taking the excitement such as Stepn shoeboxes, the americans, kingship, and terraform doing some reasonable volumes as well as people taking profit and de risking from crypto price recovery https://www.coingecko.com/

What you mean is this is manipulation and it was obvious in the market. In fact, NFTs are in the hypes which makes people encouraged to invest during the bull market but as the bear season comes, absolute drops come next.

I have a reason why I don't like NFT, a collectible tokens can't be in long-term investment which I think is one reason also that many investors never after them even during this time.

[wxa7115]

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.

The hype is completely gone and it is doubtful it will ever return, in this market it is incredibly easy to manipulate newbies in order to invest in all kinds of crazy stuff that at the end of the day is not going to have any kind of long term value.

But once those newbies realize they have been deceived and all of those NFTs are worth nothing or a lot less than what they paid for them that is when all the hype begins to disappear, as other newbies begins to see what's happening in that market and despite their lack of knowledge they begin to realize that investing in such market is a big mistake, so anyone that is thinking in investing in those assets is just wasting their time.

[MCobian]

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.

The hype is completely gone and it is doubtful it will ever return, in this market it is incredibly easy to manipulate newbies in order to invest in all kinds of crazy stuff that at the end of the day is not going to have any kind of long term value.

But once those newbies realize they have been deceived and all of those NFTs are worth nothing or a lot less than what they paid for them that is when all the hype begins to disappear, as other newbies begins to see what's happening in that market and despite their lack of knowledge they begin to realize that investing in such market is a big mistake, so anyone that is thinking in investing in those assets is just wasting their time.

Although the NFT trend has not ended, it has been seen that quite a few investors are no longer pursuing NFT in a bear market situation
as it is now. Finally this year the price of NFT is falling and it is not recommended to buy it, because as you said it is very doubtful that
NFT can return to the hype. So if buying NFT this year, the risk is very high, it is very likely that we will lose money if we buy NFT now.
However, this year it is better to focus on investing in top coins that have strong fundamentals, such as Bitcoin and Ethereum, which has
proven to be very good for long term investments.

While NFT in my opinion is not for long-term investment, then only newbies who lack knowledge and experience are still interested in NFT,
where the newbie is usually influenced by influencers who promote NFT. Even though we all know when we are going to invest in the crypto world,
we only believe in our own research and analysis, other people's opinions only make us take wrong decisions and will regret in the end.