Bitcoin price and NFTs market

[virasisog]

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!

Most altcoins even NFTs rely on the price of Bitcoin but compared to other altcoins, NFTs are still unestablished to resist the current market situation. It will take time for them to pump and recover. Lucky are those who bought altcoins before its hype but those who bought during the market hype will surely take a long time to recover their losses.

[Balmain]

A small rise in Bitcoin does not mark the end of the bear season. I think bitcoin should rally first in order to price altcoins and other digital assets. There is not that much interest and investment in NFTs as it is the bear season right now, but I don't think the interest will ever end, even I am very hopeful for NFTs in the next rally. BTC has already turned red again, it was a short-term bullish.

[fullhdpixel]

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

The increase in bitcoin doesn't seem to stop yet because the price is now at 23.3k usd. I just hope that this is not a bull trap anymore but this was a road for a new all time high or bull run on other words. About the nft's. That was already expected even before because most of them are only in for the hype and now that their hype is gone, their price will obviously decline but to the question if this was the end of nft's? I think no.

This was not their end yet because there are still nft's which are worthy and those nft's can remain for a long time. Maybe when the bull run returns, those potential nft's can also recover so don't lose hope just yet.

[X-ray]

It's not yet end for the NFTs. The bitcoin trend was pushing and reducing the demand for the NFTs. that's the correlation with the bitcoin. If the hype will be coming again and the floor can be pumped again by the whales. I know that utility has become the main concern but remember if so many tokens without any utilities can be pumped by the whales with no reason. The same thing can be applied to the NFTs as well. The only problem is if it's so hard to sell NFTs.
that depends on our luck. The correlation of NFT to the bitcoin is pretty much the same like altcoin. sometime it was going up and down depend on the trend in the market.

[South Park]

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?

Unless the NFT market goes through a major transformation then it is possible that something similar to what happened to icos happens to them, it seems that you are relatively new to the forum so you probably don't know but during the previous bull run icos were incredibly popular and almost everyone was interested in investing in them, but then people realized that a great deal of them were scams, and since then that particular model has become obsolete and it is something that could happen to the NFT market as well.

[bussybuddy]

I'm not sure if the OP is understanding what this person is looking for here, but what is the obvious connection you're referring to here?
The fact that their prices fluctuate during this time is also not worth discussing, as we all know the fact that the NFT trend has been exaggerated before and it has weakened with the decline of the market. and maintain only a handful of projects. I'm sure the next time the market situation gets worse, we won't have as many people interested in this trend anymore.

[GreatArkansas]

NFT has become a trend since the last 2 years and makes the market continues to shine, and now more and more projects are diverted to Metaverse and Web3, but with the number of users, developers and a strong community I am sure NFT will continue to survive and increase.

For me, there was a hype that happened with NFT / DeFi during the bull market recently. But overall, it's just a part of the market, it's like for every cycle or bull market, there is a trend just like 2017-2018, it was the ICO fever where most every altcoin are just pumping even how shit altcoins are.
For me, the use of recent dump also to get rid of some scam projects and worthless projects on the market.

[abel1337]

NFT has become a trend since the last 2 years and makes the market continues to shine, and now more and more projects are diverted to Metaverse and Web3, but with the number of users, developers and a strong community I am sure NFT will continue to survive and increase.

For me, there was a hype that happened with NFT / DeFi during the bull market recently. But overall, it's just a part of the market, it's like for every cycle or bull market, there is a trend just like 2017-2018, it was the ICO fever where most every altcoin are just pumping even how shit altcoins are.
For me, the use of recent dump also to get rid of some scam projects and worthless projects on the market.

True, The market trends are the one that is changing every bull market. The last bull market favored on NFTs, GameFi, DeFi, Meme coins and other that I didn't mention. Even the most crappy projects are getting funds from the community because of the trend. It's the cycle that keep happening inside the bull market, So it's important to filter out the projects that are born during the bull market. The inflow of projects during the bull market is massive compared to the number of project that is born during the bear market. This is why we need to filter out bull market projects because as we know, Most of the project can't survive when bear market arrives.

[serjent05]

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?

It is very insulting to compare Bitcoin market to worthless NFTs.  Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover.  Better shift your focus to more potential projects.

[Oceat]

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs.  Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover.  Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

[posi]

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs.  Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover.  Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

It's their choice, we can't force them or they have to do what we do. They can still invest in NFTs and altcoins but as long as they are aware of the risks it will bring and not just looking at their short term returns.

My assets consist mostly of bitcoins and top altcoins, but I still invest in shitcoins, but only a small portion (about 10%) and I am always willing to take the risks it brings. If I lose, it won't affect my life at all.

[AakZaki]

It is very insulting to compare Bitcoin market to worthless NFTs.  Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover.  Better shift your focus to more potential projects.

Yes, while NFT does not make me feel confident that I can invest there. Because I'm not sure myself, because NFT is only based on the judgment of the majority of people. That makes NFT prices will crash and it's hard to find the best prices anymore. In addition a few days ago I noticed that the NFT market which has Utilities is also experiencing a decline. Either this is related to the bearish BTC or indeed the hype is running out. But this decline doesn't make me interested in buying again, I prefer tokens or coins that have a fast and large volume.

[RussianEnglishTranslation]

-snip-

It is very insulting to compare Bitcoin market to worthless NFTs.  Bitcoin is here to stay and will be adopted by majority of the masses globally in due time, while NFT is just some tulip-like event and its hype is already over so don't expect it to recover.  Better shift your focus to more potential projects.

Some people aren't really a fan of Bitcoin since they think it's a waste of money or time to put their investment in Bitcoin that's why they settle for a project that they think would give them a quick profit. I guess they aren't familiar with the hype or the tulip mania event or it's just that they have little knowledge about how the market works.

Even the top altcoins would move on its own despite of the trend of Bitcoin and nobody can tell why it's happening but one thing is certain it all comes down to the supply and demand.

The rarity of NFTs is also very important. Be careful listing NFTs for sale on Ethereum as the gas fees can often cost more than the NFT is worth when you sell it. It's better to use Ethereum sidechains like Polygon, Candle Chain, and Fantom.

[o48o]

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!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

[fullhdpixel]

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!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

[MCobian]

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!

So are most altcoins, as there are so many of them, there are many nft projects as well but if you look at the famous ones (cryptopunks and Bored Apes Yacht Club, they are not doing as badly.) And still talked about and traded. Not as much but that's what happens in the bear market.

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

Bitcoin price movements are really very volatile, after a few days before the Bitcoin price started to rise, now the price of Bitcoin is down again
to the price of $20k. This, of course, greatly affected the price of altcoins, which also experienced a decline, including the NFT market has
decreased as well. However, because some NFT projects are still trusted by some big investors, so there is still a possibility that NFT projects
will recover. But if we really want to invest in NFT, remain careful by always monitoring the movement of the NFT market on a regular basis,
however the risk of investing in NFT is very high. Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

[Xal0lex]

Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

It would be more correct to say that all NFT projects are not safe for investment. These tokens can be categorized as very high-risk tokens. I would even say, with extreme risk. NFT can lose hundreds of times in value in just one year, which is more than the vast majority of known altcoins that have been on the market for at least 1 year. Investing in NFT is more of a gamble than a real investment. My reasoning is from a retail investing perspective, of course.

[milewilda]

Moreover, not all NFT projects are safe for investment, therefore make sure to invest in
potential NFT projects, then do research and analysis properly to avoid investing in scam projects.

It would be more correct to say that all NFT projects are not safe for investment. These tokens can be categorized as very high-risk tokens. I would even say, with extreme risk. NFT can lose hundreds of times in value in just one year, which is more than the vast majority of known altcoins that have been on the market for at least 1 year. Investing in NFT is more of a gamble than a real investment. My reasoning is from a retail investing perspective, of course.

Its never been safe since in the first place if we do really tend to look at before where pixelated images do get millions of dollars into its value which i dont really see any relevant or solid consideration on why the heck these images do value that much and until the time comes where nft had touched gaming and other further industries which do really increase even more with the hype i must say
which make things even more vague for it to be considered as a good investment and would be holding for long term.It is really just worth i would say but if someone who do really see up the opposite
then it is really just depending on someone since we do have our own decisions when it comes to that manner.

[Tellek Garing]

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?

There is no way we can compare bitcoin with any coins now include NFTs in terms of price fluctuations. Bitcoin will recover certainly but most of the NFTs are not going to recover forever. NFTs has highly over rated and that is why people invest in it without looking back and since those that were favour benefit from it then many of us without much knowledge invested and are loosing money. Bitcoin is going to make another all time high but many of the alt are going to fade away.

[hichamito37]

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.