Tessyb
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January 30, 2023, 03:38:00 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I personally won't recommend purchasing NFTs as they're not certainties when it comes to NFTs. Infact there's higher possibility of one loosing out from the purchase than benefiting. NFTs are known to be ridiculously priced as the value is simply based on perception and not on the intrinsic value of the content. I'll rather advise a beginner to go with Bitcoin than NFTs.
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Adbitco
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January 30, 2023, 05:34:51 PM |
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For me personally, I don't find NFTs interested to invest my fund into it because there is nothing important in putting my resources into arts or piece of pictures that can't be used for any reason rather just hold and it turns to zero while holding (it's entirely worthless of putting your heart earn into NFTs). Well I don't know for you, if you may find it interesting to venture into it, I believe lots of advise have been given to you here so is best advisable to know what you need. As a beginner there are things you should learn and get used to before talking of releasing your funds for investment. However, if you think you are secured and really wanting to invest due to your budget then there is no restrictions it's clearly open for you.
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Xal0lex
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January 30, 2023, 08:18:25 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Welcome to the forum. I would advise you, as a beginner in crypto, to avoid NFT in general and not to invest your money there. Almost all NFTs are scams, they are illiquid and depreciate quickly. Do you want to start your career as a crypto investor with losing money? Then you're definitely going straight to NFTs. Better buy more proven and utilitarian coins. At least they won't devalue a hundred times in a short period of time.
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Desmong
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Crypto bookmaker and casino
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January 30, 2023, 08:53:56 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
There are different NFT projects in the market so you can take a tour to opensea and see for yourself many of the crap NFTs that are available there so you can determine which one to buy and hold for the future. Many if the NFTs I am holdi6are very expensive and it might over bored you so try and search online what will reach your budget.
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BitcoinPanther
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January 30, 2023, 09:24:04 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope, many investors lose money on investing in NFT. At first the price are so high due to hype, then after sometime the market cannot sustain the demand reason the price plummet. Many NFT project just ride the hype to grab money from the naive investors. Aside from that the economics of NFT is unsustainable especially when it promise % profit every month since most of the NFT project has no funding at all and at the same time other sources that can support the market value. If you really are into NFT then I would suggest to do your own research and make sure that the project has good partners and backers and the project developer is capable of creating many sources of income that can be put to buy order to support the liquidity of the NFT market.
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wheelz1200
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January 30, 2023, 10:43:19 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
If ypu are a beginner than I say to stay clear of nfts all together. Start off by slowly buying some bitcoin and possibly some other bigger altcoins until you get your feet wet. Whatever you do don't listen to groups trying to pump their bags of low end altcoins. They are looking for people to dump on you.
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Venik
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January 31, 2023, 04:52:15 AM |
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I wonder why were you interested particularly in NFTs as a beginner? I'd definitely not recommend it as your first purchase, but I'd like to hear your story.
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ivankoh
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January 31, 2023, 06:15:38 AM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I do not deny that NFT is fertile ground but for real investment, it is necessary to recognize the value or application that is completely unreasonable. NFT has hype, Yes it's good stuff to make profit. But the NFT is a matrix of great risk magnitude. Entirely newbies can come to NFT but make sure what you know about it before doing any. Sure and safer choose bitcoin, ETH.
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Mpamaegbu
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Once a man, twice a child!
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January 31, 2023, 08:41:14 AM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
The way things are, NFTs aren't what any newbie in this industry should be advised to go into. I don't have one myself and that's because I don't get the whole essence of it, coupled with the so many scandalous stories on the idea of NFT. Just stick to Bitcoin investment. If you're after a way to make money you could look into play to earn nft games (but do thorough research as some will be or are scam).
For real? Do people actually get rewarded for playing games on their devices? I get to see such adverts online but I don't believe it's for real. I think it's eventually going to end as a waste of precious time. The only one I played was faucet and I know how tasking it was. Most faucet sites don't even pay at the end. So, in gauging the whole play to earn thing online as all scam based on my experience with faucets.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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blockman
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January 31, 2023, 09:14:38 AM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it. So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make.
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lienfaye
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January 31, 2023, 10:49:51 AM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it. So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make. I agree. The hype of NFT is already faded so it's late to join the ride and quite risky now if op decided to invest. As a beginner in crypto you need to fill your mind with knowledge first in order to become aware of what projects are worth to invest in. Bitcoin and established alts are always a good option but you don't need to rely on what we're saying, dig deeper because that's how you can understand everything to make a right decision.
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visionE2
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January 31, 2023, 04:40:29 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I'm still wondering why you are more interested in NFT than trading Bitcoin or Altcoins? For those of you who are just starting to invest in NFT, remember not to get involved while NFT is still speculative and not everyone's work will be sold. Tips for those starting out - Don't buy random NFTs, try to come from sources that already have names and can be used for more of the NFT, for example to be used in the world of Metaverse, etc. - for creators, try to be consistent, determine a new theme besides that think about NFT that can be used, whether in games, communities or others.
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wiss19
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January 31, 2023, 05:40:19 PM |
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Beginner+low budget. But NFT's are not meant for beginners. They are highly risk assets. They are not like a typical crypto where you can just sell them anytime you want in the market. And also they are not budget friendly but all legit NFT's are expensive in price. It can range to millions or even billions. You as a beginner in crypto I would only recommend you to go with crypto coins first.
You can choose if you want altcoins, tokens or bitcoin. The reason why I didn't limit you to with bitcoin is because its value is also expensive. There are still great alts and tokens out there which you can easily buy per piece. A good example would be polygon's matic.
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Jody.Drummer
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January 31, 2023, 06:20:47 PM |
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I personally would not recommend beginners who are just getting into Crypto to buy NFTs. What do beginners do with it? I think there are no greater benefits than investing in bitcoin. I would recommend more for beginners to start with bitcoin, yes it is the best choice. While investing in bitcoin, we have plenty of time to learn about everything, including NFTs (if you want to buy NFTs) later. Actually I also won't mind when they insist on buying NFT, because it's their full right, here I only give the best advice, and I think many people will agree with what I'm saying.
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Japinat
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January 31, 2023, 06:59:19 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I personally won't recommend purchasing NFTs as they're not certainties when it comes to NFTs. Infact there's higher possibility of one loosing out from the purchase than benefiting. NFTs are known to be ridiculously priced as the value is simply based on perception and not on the intrinsic value of the content. I'll rather advise a beginner to go with Bitcoin than NFTs. NFTs are good, but the there's a good chance that you could lose the value in the upcoming future and that's what gives their risk. I mean, it's like buying a valuable painting with no sure odds or no assurance at all that you can gain profits from holding it and sell it in let's say a couple few years from the date when you bought it. NFTs to me are all about hype and that makes them nonsense for making them as an assets as they could be more of liability to you.
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Ojima-ojo
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January 31, 2023, 07:04:50 PM |
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NFTs are highly risky investments and they should be avoided not only by newbies but even by long-term cryptocurrency investors, investing in NFTs is like gambling you can lose everything at once so there are worthless and just hype.
Put in more efforts in learning the basics of cryptocurrency and how to effectively manage the risk factors and the level of patience you need before you invest in any coin, a lot of so good but scam projects have flooded the market over the years, but with due diligence search, you could lay your hands on some few good coins to invest in.
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Sterbens
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January 31, 2023, 07:12:25 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Nope. The hype is done with NFT and it's better if you'll start to accumulate bitcoin. No regrets but surely you're doing the right choice by buying it. So, start with buying bitcoin even if you've got a limited budget because that's always the best start to make. With a limited budget, of course, it will make our movements in determining which ones we will invest also be limited. I usually prioritize bitcoin compared to other assets, but if the budget is limited then bitcoin is the last port that I cannot miss. You are right, that overall NFTs move with hype and when the hype is over it will end with our money, and new NFTs will emerge with the hype and so on. So bitcoin is the best option to be used as an investment tool with the limited budget that OP has.
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isaac_clarke22
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January 31, 2023, 08:36:46 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
Don't even bother. A lot of my friends quit their play to earn NFT games after the rug pull of that game. Sure there might be sort of "fun" factor there, but considering that we're talking about earning money in here through NFTs, you might just end up grinding over and over again without having a satisfying result. Since you also mentioned that you have limited budget, keep it in Bitcoin and if you're really desperate in NFTs, just some parts of your salary in your 9-5 (if you have one) and invest that to whatever NFTs are you planning to invest or purchase.
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Xal0lex
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January 31, 2023, 08:50:50 PM |
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NFTs are good, but the there's a good chance that you could lose the value in the upcoming future and that's what gives their risk. I mean, it's like buying a valuable painting with no sure odds or no assurance at all that you can gain profits from holding it and sell it in let's say a couple few years from the date when you bought it. NFTs to me are all about hype and that makes them nonsense for making them as an assets as they could be more of liability to you.
When you write that NFTs are good, what do you mean? What are they good for, and for whom? For the collection makers? Absolutely. For marketplace owners? Absolutely. For end users? Absolutely not. Although during a hype these tokens can bring a good profit, but it happens not so often. Now the NFT industry is stagnant, many collections have been forgotten and will never be remembered, and NFT owners of these collections are now counting the losses.
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Hypnosis00
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January 31, 2023, 09:02:00 PM |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
I think you need to do some searches about the crypto market, particularly with NFT because I will tell you that buying them is a big mistake. Investing in crypto is not only about the price (low) but what we are about to consider is the potentiality of the project. Nothing has been said that we have to purchase in huge amounts, in fact, we can do the DCA strategy if we have a limited budget. Well, I might not change your view toward NFT projects but you should be careful with them. The majority of them are scams which is why your chances to pick the best one are very slim.
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