Are NFT drops profitable?

[blockman]

Sort of done but there's still some space on it. It is that too many NFT projects have also lied low due to the market's behavior and those NFT projects that are serious to stay longer, won't be kicked by the bears.
But instead, they continue to develop what they've started. Those that have already built their foundation and still got a community to refer to, they only need to keep going on and follow what they've said on the roadmap.

That is how the market evolves and those projects that have a solid market foundation remain standing despite any market condition. NFT, metaverses, defi, they all just have the same market view, some are already dead while the others are struggling hard to survive. But as well as look into their future though I'm not really certain about it, unfortunately, I'd never see good about it. This will discourage me from putting some money on them, they are out of my list actually for I think they are not worth to invest especially for long term.

We'll see in the long term, I still got some NFTs on hold and they totally are down right now and I'm on a negative from those. But selling isn't an option for me right now.
I've already accepted that I'm at loss with them and if I'll sell, I won't be able to recover so, it's like nothing right now. And I'm holding so that if ever by in the future they got a better value, I'll sell them in profit.
I'm not regretting that I've bought them since it's part of investing and I just thought of holding them today as the best option.

[eaLiTy]

~
I've already accepted that I'm at loss with them and if I'll sell, I won't be able to recover so, it's like nothing right now. And I'm holding so that if ever by in the future they got a better value, I'll sell them in profit.
I'm not regretting that I've bought them since it's part of investing and I just thought of holding them today as the best option.

Anyone purchasing the NFT should hold them thinking this as a souvenir and not as an investment because the market is flooded with many projects and their N number of NFT and even once exclusive artist who does these NFT have their contracts expired goes on to other platforms and launches their NFT once again. So in majority of the situation the rare element is gone even if it is done by another artist.

[ivankoh]

I thought NFT era was already done but I guess it's not yet done just like how ICO era in the past did.

I don't think there's any correlation between nft vs ico value, nft has in fact shown a significant shift in reception to gain wider popularity as an era of awareness.  Of course, the general risk to volatility is also an opportunity in crypto.  Apparently it continues to see some cryptoPunk nfts being sold for record prices.  I think NFT is still a range that will continue to grow sustainably into the future.
There will still be two sides to the nft-related issues but how the market accepts them will determine their salience.

[el kaka22]

I think NFT's are not completely done. I think it’s clear to me that NFT's are just changing system. How? Well back in the day you would have like any animal you want (famously ape) and then have 10k of them, different clothes or shapes or whatever and you would call that an NFT collection and you would make a ton of money from it.

These days it’s not like that, those NFT's had to be tied to something, could be a game, could be an ecosystem, like it needs to have an utility. Why would anyone spend money on having something that makes no sense at all? Why would you want to have an NFT that would gain you nothing? That’s what people are looking for these days.

[waybesuricata]

Recently, free mint NFTs have started to gain a lot of popularity. Apart from that, I follow the NFTs released by Socios, but they have a very small volume so far on the opensea platform. In fact, SOcios has very large sports clubs. I think Socios should use this network in terms of NFT.

[RussiaUkraineTranslation]

Recently, free mint NFTs have started to gain a lot of popularity. Apart from that, I follow the NFTs released by Socios, but they have a very small volume so far on the opensea platform. In fact, SOcios has very large sports clubs. I think Socios should use this network in terms of NFT.

I think sports NFTs are going to do really well the next bullrun as they are very collectible, just like baseball cards. It's even better when NFTs can be used in games (sorare) or in DeFi platforms like MAXX finance.

[Balmain]

I've had a few free mints with NFTs, but I don't think they will be worthwhile. In fact, when play2earn games become popular, it would be best to store nft there. For example, like axies infinity or sandbox games, the items here are very valuable and their buyers are ready. Investing only as an image seems a bit risky to me and I can't understand much. Whenever I have time, I make an effort to get free nft. maybe it can be valued in the future.

[dlightag]

They are many NFTs in the open sea and other crypto related trading platform to buy or sell, come to talk about the profit in NFT project, most case the total supply of the NFT of that particular project may be hot cake where demand is very high and it sell quick base of the future used case, but in other words i still prefer investing or trading on Bitcoin.

[Desmong]

Recently, free mint NFTs have started to gain a lot of popularity. Apart from that, I follow the NFTs released by Socios, but they have a very small volume so far on the opensea platform. In fact, SOcios has very large sports clubs. I think Socios should use this network in terms of NFT.

NFT can be profitable Is we opt into a good NFT project that has good liquidity so holders can be able to sell their holdings back to the market without having to look for who to buy them. NFT market is one of the currently trending market in the crypto sphere and many art creators had made a lots of money from it. NFT is not that reliable and is fading out but the current problem is the issue of hack.

[Rengga Jati]

I have been seeing a lot of NFT drops on Twitter and I don't see that trend talked about on this forum. A lot of people are investing in and flipping NFTs instead of trading cryptos like we are.

It seems like other things happening here, when the hype is over, it seems lots people are no longer going to talk it again sgnificantly. There may be still several parties who are discussing and inevsting about NFTs, moreover in the NFTs group, but it seems not here, in the Bitcointlak forum in which more discussing Bitcoin and cryptocurrency.
Btw, during the drop of NFTs, some people may also feel the same with the BItcoin holders, where they may buy the NFTs in this situation and hold them for a certain time period. Although I actually don't know whether NFTs will be hype again someday like bullish in the crypto world.

[sayaya17]

I have been seeing a lot of NFT drops on Twitter and I don't see that trend talked about on this forum. A lot of people are investing in and flipping NFTs instead of trading cryptos like we are.

It seems like other things happening here, when the hype is over, it seems lots people are no longer going to talk it again sgnificantly. There may be still several parties who are discussing and inevsting about NFTs, moreover in the NFTs group, but it seems not here, in the Bitcointlak forum in which more discussing Bitcoin and cryptocurrency.
Btw, during the drop of NFTs, some people may also feel the same with the BItcoin holders, where they may buy the NFTs in this situation and hold them for a certain time period. Although I actually don't know whether NFTs will be hype again someday like bullish in the crypto world.

NFT fans are much less after the hype ends in 2021, so it's only natural that NFT is rarely discussed in this forum. Moreover, this year the bear
market is not over yet, so more people decide to focus on investing in Bitcoin rather than investing in NFT projects. Because Bitcoin is guaranteed
to recover if a bull market comes, while NFT will not necessarily hype again in the future, it can be said that the risk is very high if we invest in
the current NFT project. But if we have done research and analysis properly, then see that there is a possibility that NFT will hype again, please just
invest in NFT. Because in the end everyone has to decide what is best for himself, and I am one of those people who are more secure with investing
in Bitcoin during a bear market situation like now.

[RussiaUkraineTranslation]

I have been seeing a lot of NFT drops on Twitter and I don't see that trend talked about on this forum. A lot of people are investing in and flipping NFTs instead of trading cryptos like we are.

It seems like other things happening here, when the hype is over, it seems lots people are no longer going to talk it again sgnificantly. There may be still several parties who are discussing and inevsting about NFTs, moreover in the NFTs group, but it seems not here, in the Bitcointlak forum in which more discussing Bitcoin and cryptocurrency.
Btw, during the drop of NFTs, some people may also feel the same with the BItcoin holders, where they may buy the NFTs in this situation and hold them for a certain time period. Although I actually don't know whether NFTs will be hype again someday like bullish in the crypto world.

NFT fans are much less after the hype ends in 2021, so it's only natural that NFT is rarely discussed in this forum. Moreover, this year the bear
market is not over yet, so more people decide to focus on investing in Bitcoin rather than investing in NFT projects. Because Bitcoin is guaranteed
to recover if a bull market comes, while NFT will not necessarily hype again in the future, it can be said that the risk is very high if we invest in
the current NFT project. But if we have done research and analysis properly, then see that there is a possibility that NFT will hype again, please just
invest in NFT. Because in the end everyone has to decide what is best for himself, and I am one of those people who are more secure with investing
in Bitcoin during a bear market situation like now.

It may have to do with the time that you originally entered the market. If you had bought BTC at 1000 usd, then maybe 22k (what BTC is priced at now) would be too high and you would seek to invest in other places that will generate more profit for you. Since NFTs are limited, and the good ones like the MAXX APY boosting NFT have utility, they act inversely to BTC. With collectible NFTs, the higher the price goes for an NFT, the more you can usually sell it for. Plus its easy to double your money trading NFTs.

[Rufsilf]

It may have to do with the time that you originally entered the market. If you had bought BTC at 1000 usd, then maybe 22k (what BTC is priced at now) would be too high and you would seek to invest in other places that will generate more profit for you. Since NFTs are limited, and the good ones like the MAXX APY boosting NFT have utility, they act inversely to BTC. With collectible NFTs, the higher the price goes for an NFT, the more you can usually sell it for. Plus its easy to double your money trading NFTs.

Well, I'd just hope that you are right, I actually don't argue with anyone who thinks that NFTs are worth investing but for me, this is not. I'd rather take a risk with Bitcoin and ETH for long term as I was sure this could give me profit in the end. I know that some of these collectible NFTs have some value can't can be sure if they will become more valuable in the future in fact, I even have a hard time trading my NFT before the drops came.

[wxa7115]

It may have to do with the time that you originally entered the market. If you had bought BTC at 1000 usd, then maybe 22k (what BTC is priced at now) would be too high and you would seek to invest in other places that will generate more profit for you. Since NFTs are limited, and the good ones like the MAXX APY boosting NFT have utility, they act inversely to BTC. With collectible NFTs, the higher the price goes for an NFT, the more you can usually sell it for. Plus its easy to double your money trading NFTs.

Well, I'd just hope that you are right, I actually don't argue with anyone who thinks that NFTs are worth investing but for me, this is not. I'd rather take a risk with Bitcoin and ETH for long term as I was sure this could give me profit in the end. I know that some of these collectible NFTs have some value can't can be sure if they will become more valuable in the future in fact, I even have a hard time trading my NFT before the drops came.

Each person needs to take decisions based on their particular skills, just like you I'm completely unable to obtain profits from NFTs, and since that is the case then I prefer to stay away from them, because I know that if I tried to multiply my money with them I will get the opposite results and instead lose money.

However if someone is somehow able to identify which NFTs are going to go up in value in a relatively short amount of time then they can take advantage of that talent and make some easy money with those NFTs, however for each person which can actually do something like that I'm sure there are at least 10 persons that believe the same but that are mistaken about it.

[ultrloa]

It may have to do with the time that you originally entered the market. If you had bought BTC at 1000 usd, then maybe 22k (what BTC is priced at now) would be too high and you would seek to invest in other places that will generate more profit for you. Since NFTs are limited, and the good ones like the MAXX APY boosting NFT have utility, they act inversely to BTC. With collectible NFTs, the higher the price goes for an NFT, the more you can usually sell it for. Plus its easy to double your money trading NFTs.

Well, I'd just hope that you are right, I actually don't argue with anyone who thinks that NFTs are worth investing but for me, this is not. I'd rather take a risk with Bitcoin and ETH for long term as I was sure this could give me profit in the end. I know that some of these collectible NFTs have some value can't can be sure if they will become more valuable in the future in fact, I even have a hard time trading my NFT before the drops came.

If you are a long term thinker and hold those NFT waiting for more value to come then there's nothing really will really happen to you since NFT is the new shit coin at the moment. If you want to invest on this you really need to dump it once you already in profit because for sure we will left behind once long days pass. Also so far the NFT's I got from free drops didn't get any value so I say that this is not worth it.

[Pelana vreo]

-snip-

NFT has artistic value and I don't think the price will go up after the Hype fades, some NFTs have high prices because developers offer staking and rewards from holding the NFT, but I'm not interested in such NFT, I prefer NFT games that can be played and benefited , same as AXie.
For NFTs that have liquidity you can see on ETNA, on that platform the team makes it easy for you to buy and sell their NFTs without having to set an order price, because the NFTs they create already have liquidity, like when you swap on the Uniswap exchange.