Bitcoin price and NFTs market

[re-start]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

[1715203636]

1715203636

[Charles-Tim]

This should be on altcoin board so far the discussion is about NFTs, not bitcoin.

Because bitcoin pumped to $22500 does not mean the bear market is over, I only always advice people that want to hold for like a year or 2 to hold for now, not short term holders because we do not know if bitcoin price will plummet further. But we all know that all-time-time is certain.

About NFTs, I do not know much about the tokens, but I know that it will be risky for those that buy it, only people that will make most profits are the people that mint it and the celebrities.

I can never advice anyone to buy NFTs. But this is not the end of NFTs

[jackg]

Collectibles don't rise in value linearly. Some are heavily inflated though (like the game tokens) and some are just not going to be sought after (at least for a while).

NFTs also face problems for things like liquidity if they're unique enough to be attractive to higher end investors.

[re-start]

This should be on altcoin board so far the discussion is about NFTs, not bitcoin.

Because bitcoin pumped to $22500 does not mean the bear market is over, I only always advice people that want to hold for like a year or 2 to hold for now, not short term holders because we do not know if bitcoin price will plummet further. But we all know that all-time-time is certain.

About NFTs, I do not know much about the tokens, but I know that it will be risky for those that buy it, only people that will make most profits are the people that mint it and the celebrities.

I can never advice anyone to buy NFTs. But this is not the end of NFTs

Well, the main point is about Bitcoin. I agree with you. If we look at the one-year chart of Bitcoin, we see that we were in a better position last year, and if someone bought Bitcoin last year, he's lost a part of his money today.
In my opinion, this market is not suitable for 1-2 year holding!

There are 2 ways:
1: Daily trading
2: Holding (at least 4-5 years)

[Ararbermas]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

well probably that means the whole market is not yet fine reason why most altcoins including NFT's are not doing the same way like what is happening right now ON bitcoin. And surely it will take time in such situation because of FOMO that always happened every time when there's a changes in the market..

[minhtra]

If ETH price continue to go up, i expect NFT floor price to fall if investors are cautious and want to risk manage holding their NFT and sell ETH for dollars first

[o48o]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

Every crypto went down and when bitcoin shows that it might be bottomed out, how are you ruling that nfts are dead and not bottomed out? You have no basis on even speculate on that. I personally believe that BTC has seen the bottom but it doesn't mean it won't be visiting there again. And most alts and nfts will follow.

[Erdogan]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

At a time when the entire cryptocurrency market began to decline about six months ago, the NFT market was still flooded with new "artists" and ideas. It was obvious that at some point it would just overflow. There is a chance that it will still rise, but in my opinion the NFT market is already saturated and this could be the beginning of its end.

[ololajulo]

Bitcoin pump does not rule out that we are in the bear market. I think ethereum hardfork news is driving it and after we might get back to a dump. At the moment NFT has a future in the space especially with those in gaming, music etc with solid use cases. U had better stick with spot trading alone and not long time with most of the altcoins

[batang_bitcoin]

Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

Maybe, the hype was over for the NFTs. If you're into it and still holding one, you need to make your own research if that NFT you own has active developers.
Because in the BAYC, I'm starting to see that they're into continuous development and all of those BAYC NFT holders are testing a game that's made for them, I have no idea if it's an NFT p2e game.

[icalical]

NFT are collectibles not commodities like Bitcoin so you can not value both the same, and I don't think the price of Bitcoin could directly affect NFTs Price, it will only affect the price of the coin use to buy the NFT. Most NFT are just there to be collected it does not have any utility except the NFT for In-Game Item, so I don't think you could do any technical analysis, and even the fundamental analysis would be very hard to define.

[masterrex]

IMO, There is nothing new for Bitcoin price movement because the BTC price normally moves up and down depending on the market situation. But for the NFTs, I don't think it was appropriate to attach it to the Bitcoin price movements because it is not connected. Bitcoin is the dominant cryptocurrency in the market and is commonly used by traders and investors so it's inappropriate to attach it to the collectibles theme like NFTs, Anyway, I believe that Bitcoin can influence the top ranking Altcoins price movements in the market but for NFTs, I don't think so.

[Xal0lex]

Bitcoin isn't worth half its previous 2021 price either. So is this the end of the bitcoin world? No, of course not. Bitcoin has only recovered 4,000 since the last deep drop, the recovery is just beginning and we are talking about an asset that has been on the market for a long time, has strong fundamental support and support from strong investors. And for such type of cryptocurrency as NFT to reach at least half of its past values will take a very long time. We are in a deep bear market right now, many altcoins, even promising ones, are down 85-95%, but that doesn't mean it's the end for them.

[carlfebz2]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

This simply proves out that not all projects and trends could really be always that correlated with bitcoins price or would be together be lifted up whenever there's a green in the market.
It would always be depending or basing up on someones potential or a project which does have actual relevance and support.Im not saying that NFT trend is shit but majority of them are just flooding out into the market without having that usefulness or function but there are some which are really that having potential.

We cant say that its over for NFT market but we are really heading there if we dont really see something or something that the community wants.

[TastyChillySauce00]

NFT actually depend on the hype and mostly of NFTs didn't have utilities. NFTs are also illiquid. The price may be dropping with the goes of time. Those high priced NFTs are actually overvalued at this moment. I meant NFT is different than coin.

Only a few NFTs that can still defend its price from the dump due to the bearish market.

majority of NFTs have been fallen so hard to the bottom.

[examplens]

Bitcoin isn't worth half its previous 2021 price either. So is this the end of the bitcoin world? No, of course not. Bitcoin has only recovered 4,000 since the last deep drop, the recovery is just beginning and we are talking about an asset that has been on the market for a long time, has strong fundamental support and support from strong investors. And for such type of cryptocurrency as NFT to reach at least half of its past values will take a very long time. We are in a deep bear market right now, many altcoins, even promising ones, are down 85-95%, but that doesn't mean it's the end for them.

I think that it is really very difficult to draw any serious similarity between Bitcoin and NFT. They are two completely different things.
I am even convinced that the NFT market will not be able to follow the growth of Ethereum itself, which is much more related to it. I'm not at all sure how much NFTs have a real basis on which their value is based.

[btc78]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

Bitcoin and NFT's? are you seriously comparing those?


Bitcoin has a Big community and support while NFT's are still seeking for much bigger investors to support their platforms .

and also lets not expect everything will follow the increase of bitcoin because that seems to be out of the route .

[Reatim]

Bitcoin has surged 3.8% in the past 24 hours to trade at about $22,100. It is 6.4% up compared to last week.


But about the NFTs market.




Compared to the last 4 months, some NFTs are not even half of their previous price.
It's the end of the NFTs world?

with those then I must be thankful because i vested only in Bitcoin and other currencies but never in  NFT's , I don't know but i felt like not liking this from the start , maybe because of the negativities that is happening in going on in those projects inside NFT and most recent in what had happened to the Axie infinity and now so many people are crying of losses.

[leea-1334]

That is what I said even back in November though, when ATH was happening I warned those who were waiting for 100k BTC that whatever the ATH price, when things crash,,, NFTs will crash even harder.

BTC and ETH are about 35% of their ATH right now which is not so bad if you think about it.

But NFTs? Lucky if you are at 10% of ATH!

[RussianEnglishTranslation]

What normally happens is that BTC goes up, then large cap alts, then mid cap alts, then microcaps. I'm not sure where NFTs fit into that, maybe they pump with the microcaps. I've never been an NFT investor but a lot of people have gotten rich from it. I like to invest in web3 L1 chains, like CNDL, FTM, and MATIC.