NFT Speculation

[Mozzart]

I managed to get NFTs several times, but I never could sell them because there were no buyers or the circulation of NFTs created was in the thousands.Therefore, this trend somehow passed me by and I don’t fully understand who buys it and why.

[Hallroom]

NFT holders are currently facing a lot of losses. I made a purchase and naturally saw part of the profit in a few days.
But now there are losses which are considered too expensive. NFTs cannot be held for long as many dollars become gapped.

[Xampeuu]

NFT holders are currently facing a lot of losses. I made a purchase and naturally saw part of the profit in a few days.
But now there are losses which are considered too expensive. NFTs cannot be held for long as many dollars become gapped.

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

[nioctib_100]

NFTs are done for another year or two... until they're rebranded. Once it's called something else, we'll see another rise, but it will be new projects or NFTs that swap on over to the new 'hype' that will be all the rage. We saw it back in 2018 with staking to masternodes, and also once ICOs started falling out of favor, SAFTs and 'auctions' were the hot thing. Pretty much the same thing in both cases, just rebranded.

[@sriyan]

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.

I believe that the biggest issue of NFTs is liquidity, which might get resolved with mechanisms like fractionalization. Once a similar mechanism gets adopted by many NFT projects, NFTs will be normalized too.

[yohananaomi]

NFT holders are currently facing a lot of losses. I made a purchase and naturally saw part of the profit in a few days.
But now there are losses which are considered too expensive. NFTs cannot be held for long as many dollars become gapped.

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

at the moment, everything is in an unfriendly state because it is indeed a bearish season, moreover, NFT is of course something that is still new and there are still many problems that arise, in situations like this it is also difficult to be certain that NFT will also be affected.
no one dares to speculate to want to spend their funds on things that cannot guarantee the benefits that will be received. agree with you that it is better to allocate to altcoins that are already known and can provide benefits than to speculate with NFTs.

[ivankoh]

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

well, I think NFT is still struggling in the cycle of finding practical value for application and acceptance of market demand.  That means that the hype of the NFT after exaggerating speculative opportunities has created pressure on its characterization reception.  Therefore, its loss or gain will be realized in the future (in 2025 or later i guess) as its significant entity in the cryptocurrency market.

[CapGelatik]

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

well, I think NFT is still struggling in the cycle of finding practical value for application and acceptance of market demand.  That means that the hype of the NFT after exaggerating speculative opportunities has created pressure on its characterization reception.  Therefore, its loss or gain will be realized in the future (in 2025 or later i guess) as its significant entity in the cryptocurrency market.

there is no real use case that is profitable for NFT holders, this is why the demand from the NFT market or the market cap of the NFT market continues to fall,
because many people also think that NFT is useless, but I'm sure that in the next few years NFT will be hype again ,
so if you have bought NFT at a high price then you should just hold it if it has fallen 99% from ATH.

[doomloop]

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

well, I think NFT is still struggling in the cycle of finding practical value for application and acceptance of market demand.  That means that the hype of the NFT after exaggerating speculative opportunities has created pressure on its characterization reception.  Therefore, its loss or gain will be realized in the future (in 2025 or later i guess) as its significant entity in the cryptocurrency market.

I am sure that's too long. NFTs are not new anymore and besides, before the developers create an NFT, they must think if what is a better concept of it, not that they will create the NFT first although I think they can still modify it and make it a better version. There are so many NFTs created in different fields i.e arts, music, games and others. Some are successful and accepted by the public but some are just a useless piece of image.

Yeah, the hype on NFTs are too much or can be said to be exaggerated because of their value which are too expensive. They will surely be remembered in the future, not only because of that but also because they have been a part of the crypto.

[Teraboy]

now the NFT usage has rather shifted for something different, initially it was for an art, which i also judge as useless but right now, NFT acts more like some sort of membership proof for many of the projects, like swaps, etc in which gonna make you kind of eligible if there is some airdrops, which I think it has more real value than just random arts, i'd say, NFT could definitely be used for something better than just art, hopefully in the future nft implementation gonna improve.

[TastyChillySauce00]

I managed to get NFTs several times, but I never could sell them because there were no buyers or the circulation of NFTs created was in the thousands.Therefore, this trend somehow passed me by and I don’t fully understand who buys it and why.

I tell you that if unpopular NFT will worth nothing. You will just waste your time for worthless NFT for sure. It's very bad to always get garbage NFT like that. It looks like you shall try to work even harder to get worthy NFT. I saw that you can also try to find that through use the airdrop group. The price for any nft may vary. it's caused by that also depends with demand. Even if you are using aggregator and that will not also help you a lot.

[SquallLeonhart]

I am sure that's too long. NFTs are not new anymore and besides, before the developers create an NFT, they must think if what is a better concept of it, not that they will create the NFT first although I think they can still modify it and make it a better version. There are so many NFTs created in different fields i.e arts, music, games and others. Some are successful and accepted by the public but some are just a useless piece of image.

Yeah, the hype on NFTs are too much or can be said to be exaggerated because of their value which are too expensive. They will surely be remembered in the future, not only because of that but also because they have been a part of the crypto.

I do agree that there was something shadier than that went in the NFT world. There was a lot of talk about two things and I believe that they were true in some cases, not in all of them but in some cases it must be.

One of them is the fact that they buy from themselves to make it look like it has some value, and then rest is getting eaten up by people like it is something amazing. Like they create 10k NFT's, the first 1k batch opens up to public at first, they buy whatever they need to at a very high price, and since they get the money it's fine then they let the other 9k and people buy with the hopes that they can sell for a lot more later on.

Second is money laundering, all you have to say is you sold NFT and made that money, you do not have to provide proof who bought it, just say "this wallet address" and you can launder your money.

[jacafbiz]

I am not into NFT proper because I believe it is being used basically for money laundering, the amount of money being thrown at some of these JPeg makes me believe there is a huge gap in the way the world value things and the way Crypto space value thing. I am not surprised this is happening because Art majorly is used for money laundering and digital form just takes it to a higher level. The only NFT I own is the Trump NFT, I have this feeling he is going to win the Republican primary and it is likely going to pump the price significantly everything being equal.

[darewaller]

I am not into NFT proper because I believe it is being used basically for money laundering, the amount of money being thrown at some of these JPeg makes me believe there is a huge gap in the way the world value things and the way Crypto space value thing. I am not surprised this is happening because Art majorly is used for money laundering and digital form just takes it to a higher level. The only NFT I own is the Trump NFT, I have this feeling he is going to win the Republican primary and it is likely going to pump the price significantly everything being equal.

That is what everyone is saying but you must not be worried as long as you don't join those launderers. You will not be sent in to jail but you better choose the legit NFT's and not those junk NFT's which has the same capabilities with the meme coins who are only here to join the trend and for their owners to make money effortlessly.

There are some things in the real world which people can value more than the things in the crypto world and there is also things in the crypto world which people value more than the things in the real world. A good quality art is really valuable in both physical and digital form so you shouldn't be shocked but good luck about your NFT. I hope you didn't get scammed by that.

[yohananaomi]

I am not into NFT proper because I believe it is being used basically for money laundering, the amount of money being thrown at some of these JPeg makes me believe there is a huge gap in the way the world value things and the way Crypto space value thing. I am not surprised this is happening because Art majorly is used for money laundering and digital form just takes it to a higher level. The only NFT I own is the Trump NFT, I have this feeling he is going to win the Republican primary and it is likely going to pump the price significantly everything being equal.

I think I'm also the same as what you said, I also don't like NFT and for me this is something that is inappropriate and unacceptable in my view. maybe there will be many different perceptions in responding to the NFT question, but as you said that most of it is used for money laundering and I myself cannot conclude like you do, but if there is excessive weirdness about each NFT, of course I can say that it is true and real.
because of my dislike of NFTs, I have never been touched and related to any existing NFTs, and I will not try to be tempted by them even though they might be profitable later.

[tokeweed]

As I've already admitted my mistake in the next great 1000x thread, it's not dogs that's gonna make huge gains this time around...  It's gonna be frogs. 

So I guess next great 1000x will possibly happen for NFT's too?

https://opensea.io/collection/lofipepe

[shinratensei_]

so much NFT actually losing their value. heck even those NFT holds by the so called celebrities back then which make some headline in many media are now worth a dime, i'd say NFT art based are done for.
right now i see NFT that still have some utility like used for in game items and also key for like airdrops programs are the one that still have active trading volume the rest just tanks.

for anyone that wanna invest in NFT just rethink it twice, you could very well say you're burning your money away if you're investing in some random NFT that got no liquid whatsoever.
investing in meme coin is far better option at this point at least you got billions liquidity ready for you to dump your coin.

[SirLancelot]

so much NFT actually losing their value. heck even those NFT holds by the so called celebrities back then which make some headline in many media are now worth a dime, i'd say NFT art based are done for.
right now i see NFT that still have some utility like used for in game items and also key for like airdrops programs are the one that still have active trading volume the rest just tanks.

for anyone that wanna invest in NFT just rethink it twice, you could very well say you're burning your money away if you're investing in some random NFT that got no liquid whatsoever.
investing in meme coin is far better option at this point at least you got billions liquidity ready for you to dump your coin.

That is because their increase is only artificial because of the hype. Once the hype goes down, the price will also be dragged in the same direction and the recovery of them is now crucial. Only those selected NFTs which has a ground breaking fundamental are the ones that can survive but they are also struggling because NFTs are not hot as before.

The trend is now replaced with a new one. This is how crypto market works but if you already know the pattern, you can make a profit on them with taking less risk only. Meme coins are I think much worse than NFTs because almost all of them are the same but in NFTs there are still serious projects that can last a long time.

[riskarcher]

so much NFT actually losing their value. heck even those NFT holds by the so called celebrities back then which make some headline in many media are now worth a dime, i'd say NFT art based are done for.
right now i see NFT that still have some utility like used for in game items and also key for like airdrops programs are the one that still have active trading volume the rest just tanks.

for anyone that wanna invest in NFT just rethink it twice, you could very well say you're burning your money away if you're investing in some random NFT that got no liquid whatsoever.
investing in meme coin is far better option at this point at least you got billions liquidity ready for you to dump your coin.

That is because their increase is only artificial because of the hype. Once the hype goes down, the price will also be dragged in the same direction and the recovery of them is now crucial. Only those selected NFTs which has a ground breaking fundamental are the ones that can survive but they are also struggling because NFTs are not hot as before.

The trend is now replaced with a new one. This is how crypto market works but if you already know the pattern, you can make a profit on them with taking less risk only. Meme coins are I think much worse than NFTs because almost all of them are the same but in NFTs there are still serious projects that can last a long time.

Currently, the NFT that I know in some projects are only used as staking to get coins owned by the NFT and that is boring including the old style. I think NFT still has more potential in its development in the future because it is a place for artists to produce their work and has a unique value. Hopefully with the development of AI NFT can increase its hype again.

[tokeweed]

so much NFT actually losing their value. heck even those NFT holds by the so called celebrities back then which make some headline in many media are now worth a dime, i'd say NFT art based are done for.
right now i see NFT that still have some utility like used for in game items and also key for like airdrops programs are the one that still have active trading volume the rest just tanks.

for anyone that wanna invest in NFT just rethink it twice, you could very well say you're burning your money away if you're investing in some random NFT that got no liquid whatsoever.
investing in meme coin is far better option at this point at least you got billions liquidity ready for you to dump your coin.

They are...  But I think at least for now.  As we've seen before, crypto trading is a rotation game a lot of the time.  It went from BTC to ETH to other L1's, to decent alts, to micro caps aka alt szn then it went to the most ridiculous sh*t like memecoins.  After all that it went to NFT's...

Well we've just had our memecoin craze.  So I guess we'll be seeing NFT szn next?  Dunno...  I think maybe but not financial advice.