NFT Speculation

[poodle63]

honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.

[ven7net]

Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace. And naturally, this is where all liquidity will enter next and this is also where the lowest hanging fruits will be for profits.

However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.

Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.

NFT regulation, if this happens, another niche will be defeated. Although if there are manipulations through NFT, then there is probably a lot of money there, which means that the system will not pass by and will definitely make its hand. As for the NFTs that I hold, there are not many, one of them is the NFT from the Trust wallet, as well as the NFT from the DeFi platform Exon. There are several other NFTs, but they are no longer worth anything, which means there is no point in talking about them.

[tygeade]

honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.

That is quite true. NFT has this amazing potential to be huge but it is not using it and that causes it to be so low. I believe that if people can find the true purpose of it, then it should be a lot more possible for it to grow and that would be helpful but it can't be just "I own this image", that is not good enough at all and won't work.

I believe something much bigger should be done and the best way to do it would be experiments. New project should use the NFT coding and do something more, images, movies, real estate, music, and more and more. If we keep trying hard for more things then there is a chance that one of them will hit big eventually.

[fullhdpixel]

honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.

That is quite true. NFT has this amazing potential to be huge but it is not using it and that causes it to be so low. I believe that if people can find the true purpose of it, then it should be a lot more possible for it to grow and that would be helpful but it can't be just "I own this image", that is not good enough at all and won't work.

I believe something much bigger should be done and the best way to do it would be experiments. New project should use the NFT coding and do something more, images, movies, real estate, music, and more and more. If we keep trying hard for more things then there is a chance that one of them will hit big eventually.

That's not looking likely to happen at all. I am not saying that it would be impossible, but it would be quite difficult for people to turn NFT into anything other than images in large scale.

We should remember that we were talking about images worth millions of dollars at some point, and yes it's not like that right now, a it went down, but most were 100k+ at the very top, so if we are talking possibility of something else becoming that big? I really do not see it. I am not saying NFT idea won't be used for other things, it will be used but that doesn't mean that it would not be as big as the ones we had so far, it will b far smaller scale stuff for sure.

[samcrypto]

honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.

Some NFT already have their own utility, like using on a gambling platform which you can enjoy some bonuses if you have NFT. The only problem here is the manipulation of NFT art, they are over valued and many are already trap because they bought at the peak price and since the beat market they are losing a lot of money by just buying those nft without utility. These projects should really do something to make investors see its real value, utility is very important and not just a hype.

[monineklutak]

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

[Scripture]

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

Play to earn NFT is dead already, the hype is not there anymore and most of them are not play to earn anymore, its more on invest to earn now. Though of course NFT can still offer a lot of services and probably they will continue to innovate and yes I’m also hoping that they can regain their good position in the next bull run, if there’s another good project NFT might be the trend again.

[uneng]

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

Play to earn is a big promise for NFT industry to finally have an utility on long term without getting saturated. We just need an enjoyable, addicting and fair multiplayer game, that so far hasn't been presented to the public. But I have big expectations that once this happens we will be able to profit from NFTs by playing online. Unfortunatelly I think it will still take some years to happen, because the gaming industry doesn't seem interested in making a quality product related to this niche right now, including the small studios which could be totally focused on this concept for aiming their own growth as company.

[o48o]

Play to earn is a big promise for NFT industry to finally have an utility on long term without getting saturated. We just need an enjoyable, addicting and fair multiplayer game, that so far hasn't been presented to the public. But I have big expectations that once this happens we will be able to profit from NFTs by playing online. Unfortunatelly I think it will still take some years to happen, because the gaming industry doesn't seem interested in making a quality product related to this niche right now, including the small studios which could be totally focused on this concept for aiming their own growth as company.

That just might come outside from crypto world. After NFT art marketplace comes familiar enough for people some huge AAA+ game could see the potential to tokenize every item on their game. Or rare guns for starters. Right now NFT doesn't help the game companies and they are better of keeping it all in centralized database.

i am guessing that there cold be some legal or AML issues they could face when money is involved. And how it would just create more work and problems for them. I totally understand their lack of interest towards this.

[abel1337]

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

Play to earn is a big promise for NFT industry to finally have an utility on long term without getting saturated. We just need an enjoyable, addicting and fair multiplayer game, that so far hasn't been presented to the public. But I have big expectations that once this happens we will be able to profit from NFTs by playing online. Unfortunatelly I think it will still take some years to happen, because the gaming industry doesn't seem interested in making a quality product related to this niche right now, including the small studios which could be totally focused on this concept for aiming their own growth as company.

I believe that there will be NFT games that will be made that will catch the usual gamers and sooner or later the companies will adopt into it and transition in being an NFT game. Big companies today such as Riot are earning so much in their games by having non transferable in game items/skins that is widely accepted by the community standards. But yeah I believe that there will be a time that the community standard will transition on having a NFT or transferable item for more player freedom. On the last bull market, NFT games and it's possibilities are introduced but the implementation is just so really bad that gamers avoid NFT games. The popularization need just 1 big break, We only need a single NFT game to conquer the likes of gamers and be popularized all over the world. There's a chance that next game developers will think NFT games is profitable and might have the chance for them to focus in building NFT games.

[o48o]

-cut-
Big companies today such as Riot are earning so much in their games by having non transferable in game items/skins that is widely accepted by the community standards. But yeah I believe that there will be a time that the community standard will transition on having a NFT or transferable item for more player freedom.
-cut-

This is the problem with adoption. They are already making ton of money with their current system. Why would they risk implementing web3 now? I don't understand why would it be in their interest to offer full self-custody for the game items. Right now nft is a hard concept for normies with a tainted pr. And it's extra layer of making things harder just to satisfy small percent users, while making some of the nft haters to boycott their brand.

[bbc.reporter]

Good news for NFT speculators and collectors. However, the article also mentions that the marketplace does not support buying and selling of NFTs yet but this might be a signal that China will begin reversing their policies on digital assets beginning with NFTs.



After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens.

The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.

Source https://thedefiant.io/china-launches-nft-platform



Also, if you are holding an NFT project with founders that has rugpulled, this might also be good news hehehe. I speculate we might see those founders suddenly appear again with new updates and tell their holders that they never rugpulled or never left the project hehehehehee.



A criminal complaint was unsealed today in federal court in Brooklyn charging Aurelien Michel, a French national residing in the United Arab Emirates (UAE), with defrauding purchasers of “Mutant Ape Planet” NFTs, a type of digital asset, of more than $2.9 million in cryptocurrency.  The defendant was arrested last night at John F. Kennedy International Airport.  His initial appearance is scheduled for this afternoon before United States Magistrate Judge James R. Cho.

As part of the scheme, NFTs were marketed to purchasers, who were falsely promised numerous rewards and benefits designed to increase demand for, and the value of, their newly acquired NFTs.  After selling out of the NFTs, the purchasers were “rug pulled” – a cryptocurrency scam in which a developer attracts investors, but pulls out before the project is complete, leaving buyers with a worthless asset – as none of the promised benefits were provided.  Instead, millions worth of the NFT purchasers’ cryptocurrency was diverted for Michel’s personal benefit.

Source https://www.justice.gov/usao-edny/pr/non-fungible-token-nft-developer-charged-multi-million-dollar-international-fraud

[savetheFORUM]

Good news for NFT speculators and collectors. However, the article also mentions that the marketplace does not support buying and selling of NFTs yet but this might be a signal that China will begin reversing their policies on digital assets beginning with NFTs.

Ah.. so the website isn't finished yet? But it was only a teaser to let their people know that something new is coming on the scene but I wonder why they will start with NFT's? When it's known that there are lots of scams happening around it.

This is something unexpected for a strict country like China but If these go well then maybe they will also re-allow cryptocurrencies in their country. This can attract NFT devs to create more NFT's including those who commit rug pulls before but I think they will start fresh. There is no way they will revive the old project as its going to be a loss for them and it will only be a gain for those old investors.

[bbc.reporter]

@savetheFORUM. I am quite certain rugpulls and other pump and dump scams will always be in the NFTspace. However, I speculate that the reason why China is allowing NFTs back in their jurisdicstion might be because it can be used as platform for art and culture. It can also be used for communist propaganda which is very much possible they can do.

In any case, this might be another good project to hold as a longterm investment.

https://www.tokyorebels.io/

The supply is high with 10,000, however, the artwork is good quality, the team is active in developing the project and their community is also very active in social media. The floor price might have also reached the bottom already.

[NFTmetria]

One of the most common collections with a large number of users and non-per-hour activity and a large volume of transactions is Azuki.
Asian users are very fond of the NFT industry. And perhaps in the next bull cycle we will see the growth of this particular NFT collection.

[bbc.reporter]

@NFTmetria. Azukis are unaffordable for much of the people in the NFTspace already. If someone with not much money speculates that Azukis are going to be pumped but he cannot afford it, try to buy the cheaper derivatives of the Azukis and sell them later for profit. The cheap derivative always moves together with the bluechip in price. You also might make enough coins to buy the real Azuki hehehe.

[yohananaomi]

Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?

maybe you're not the only one who isn't a fan and connoisseur of NFT, I'm also the same as you, this is indeed quite confusing with this NFT phenomenon, because in plain view it is intangible, cannot be held, nor can it be touched, but its form can be displayed and is valuable and can be traded.
all of this is due to technological developments and some are trying to make it realistic and acceptable and there are buyers who do have extra money that is no longer being used to make speculations hoping that this possibility will become a renewable phenomenon and be able to make money.
but will this last? of course it will be returned to those who have money as investors, because now many people who are rich and have more money want to find new sensations, including towards NFTs.
Of course, your question will be seen in the future if NFT will indeed be able to continue, because all possibilities can happen.

[bbc.reporter]

Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?

maybe you're not the only one who isn't a fan and connoisseur of NFT, I'm also the same as you, this is indeed quite confusing with this NFT phenomenon, because in plain view it is intangible, cannot be held, nor can it be touched, but its form can be displayed and is valuable and can be traded.
all of this is due to technological developments and some are trying to make it realistic and acceptable and there are buyers who do have extra money that is no longer being used to make speculations hoping that this possibility will become a renewable phenomenon and be able to make money.
but will this last? of course it will be returned to those who have money as investors, because now many people who are rich and have more money want to find new sensations, including towards NFTs.
Of course, your question will be seen in the future if NFT will indeed be able to continue, because all possibilities can happen.

I disagree with all of your arguments. I know that NFTs are intangible, however, the real value that these NFTs have is cultural value. It is what will bring more adoption to the cryptospace and drive it more towards the people outside of the cryptospace.

It is very much similar to the argument that I created in this thread.

https://bitcointalk.org/index.php?topic=5401045.msg60296103#msg60296103

The value that Pokemon cards and items brought to those children are not because they were tangible and can be held. It because of cultural value, brand value and attention value. People like collecting them.

[KingsDen]

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

Play to earn NFT is dead already, the hype is not there anymore and most of them are not play to earn anymore, its more on invest to earn now. Though of course NFT can still offer a lot of services and probably they will continue to innovate and yes I’m also hoping that they can regain their good position in the next bull run, if there’s another good project NFT might be the trend again.

NFT came in with a very big hype and high wave. Although the hype has reduced drastically but that doesn't mean that there is no more potential in the NFT market.
There is still potential but we all have known the potential and the real value of NFT instead of relying on newer hype that sold the ideology to us.
But the crypto industry is ever growing, so we should expect more and more inventions that would hi the market. Both good and scam.

[MFahad]

It's not easy to legalize Defi as we think. Cex can be legalize through proper way but defi is the name of decentralization. If defi can be legalize then I think same step can be taken towards NFT.
NFT spaces is becoming higher day by day but real Usecase is much lower then expected. Every big names just buying own NFTs from second wallet which has no value and Usecase. Duplicate NFT can be Created very easily and very hard to guess real one. If  any proper rules created for NFT then I think NFT market can surpass Defi