beginner in Crypto

[Jackl87]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Even though i am interested in cryptos for at least 5 years now i am still quite a newbie in my opinion so i am just stating my personal opinion here. My first purchase in the crypto space would definitely not be a NFT. I think the big NFT hype bubble has already bursted. Of course NFT's has some use-cases and they will definitely stay but those thousands of useless NFT collections probably won't have a bright future.
It also depends on what you want to achieve with your investment. If you want to be as safe as possible then just buy Bitcoin with your money. If you want to take a little more risk, then invest into altcoins that are already big and established like Ethereum, BNB, Cosmos etc.

[DOH!]

All investments NFT are high risk . It is having huge hype and the adoption market has not yet expanded in terms of usage culture. That means NFT may just be a fad and lack guarantees. The hype about NFT abounds and I think for newbies, make sure yourself and accumulate wealth more or less in coins like bitcoin

[Rengga Jati]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Otherwise, I would not recommend a beginner with a limited budget to invest in NFT, because this is high risk. What's more, we don't know the future of the NFT itself. We even find lots of NFTs that end up like shit coins in crypto where they may not have any value anymore. So, this is more high risk for beginners.

Why are you not interested in investing in Bitcoin only for the long term? However, Bitcoin is a better choice, even if your bankroll is low, it is good for the long term. You can also buy it again later if you have more money. however, make sure you understand the risks and what long term holding is like. If you still often panic about market conditions, you should first establish yourself to invest in the world of cryptocurrencies.

[SPARE]

As a beginner in cryptocurrency, here are a few key concepts that you should be familiar with :

• Blockchain: A decentralized ledger that records transactions across a network of computers. Cryptocurrencies, like Bitcoin, run on blockchain technology.
• Wallet: A digital storage device for your cryptocurrency. It allows you to send and receive digital currency, view your transaction history, and manage your private keys.
• Private Key:[/b] A string of characters that acts as a password for your wallet and allows you to access your cryptocurrency. It must be kept secure and private.
• Public Key: A unique address that identifies a cryptocurrency wallet and allows others to send you digital currency.
• Mining: The process of verifying transactions and adding them to the blockchain. Miners are rewarded with cryptocurrency for their efforts.
• Token: A digital asset that represents ownership of a unit of value, such as a currency or a commodity.
• Decentralization: The absence of a central authority controlling the cryptocurrency. Transactions are processed and verified by the network, rather than a central authority.

[ethereumhunter]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Instead of investing in NFTs, it's better for you to invest in bitcoins. Bitcoin and NFT both carry a risk of loss, but bitcoin can still provide higher returns in the future than NFTs. The NFT market is currently down following the bear market trend so many of the NFT projects are losing popularity. But bitcoin isn't and it will rebound at the right time. If you have decided to buy bitcoins, you just have to wait for the bull market to be the time to take your profits.

[bitcoinmoney2021]

Do you think that NFT is the only investment destination you want?
With a limited budget, you can at least buy bitcoins that are definitely real in the crypto market or altcoins like ethereum or bnb. My advice is to make the most of your money and avoid buying something you don't fully understand.

[zaki12]

All investments NFT are high risk . It is having huge hype and the adoption market has not yet expanded in terms of usage culture. That means NFT may just be a fad and lack guarantees. The hype about NFT abounds and I think for newbies, make sure yourself and accumulate wealth more or less in coins like bitcoin

Values are subjective and mostly pop up in people's heads and until you agree on them you won't be able to understand why people approach things differently. The value in NFTs is primarily to the beholder, the same way buying art in the early 1950's seemed belittled by people, the same is true of NFTs.

Personal opinion. Trading, NFT , Stocks, businesses, Bonds, etc operate under the principle of buying and selling what you truly understand and like. Operate where your competence lies. Everything is a market. What drives the market is interest.

[Silberman]

Values are subjective and mostly pop up in people's heads and until you agree on them you won't be able to understand why people approach things differently. The value in NFTs is primarily to the beholder, the same way buying art in the early 1950's seemed belittled by people, the same is true of NFTs.

But the main difference is that NFTs have existed for only a few years while people have been collecting other art forms for thousands of years and there is no way to know if collectors will accept this new form to distribute art, after all one of the main points of collecting a piece of art is to have exclusive ownership over it, and even if NFTs do this it may not give the impression of this being the case as anyone can still enjoy a copy which is as good as the original at no cost for themselves.

[Bobrox]

Seems have been over with NFTs hype right now and better don't spent your money for investing in NFT collection, as new or beginner in cryptocurrency better investing in Bitcoin or top ten altcoin standing at Coin market cap than waste your money purchasing NFTs. Many people loss their money after investing in NFT because late moment for investing in NFT you will miss party for selling NFT on higher price.

I don't recommended for beginner in cryptocurrency for investing in NFT, how ever lower price from NFT better keep away and use your money for investing in Bitcoin or potential altcoin project only.

[Ayers]

I don't recommended for beginner in cryptocurrency for investing in NFT, how ever lower price from NFT better keep away and use your money for investing in Bitcoin or potential altcoin project only.

What potential altcoin projects? other than BNB or ETH, no altcoin is safe. I agree with you that newbies should not invest in NFTs or new trends in the market, as the possibility of loss is high, and should only invest in bitcoin instead.
What OP needs to invest is knowledge because even if bitcoin is a safe investment, without knowledge it will make him lose like NFT. An investment is safe or not when we have knowledge about it, not just buying it, it will be safe or profitable right away.

[Yamifoud]

I don't recommended for beginner in cryptocurrency for investing in NFT, how ever lower price from NFT better keep away and use your money for investing in Bitcoin or potential altcoin project only.

What potential altcoin projects? other than BNB or ETH, no altcoin is safe. I agree with you that newbies should not invest in NFTs or new trends in the market, as the possibility of loss is high, and should only invest in bitcoin instead.
What OP needs to invest is knowledge because even if bitcoin is a safe investment, without knowledge it will make him lose like NFT. An investment is safe or not when we have knowledge about it, not just buying it, it will be safe or profitable right away.

Indeed it was not safe at all, not even Bitcoin. But we can change this thing and manage to increase our possible profit if we choose the best coins in the market. It was not the price that we considered most but also the potentiality of the said project. Like investing NFT is not really a bad choice but yes, if we think about earning a profit that is something not acceptable (just for me). Well, we don't know if OP have the idea also about NFT or something been influenced by a friend or someone who also invest NFT projects.

[Yatsan]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Depends, always. Not because an NFT is cheap would mean that there would be a high tendency that its price would go up, sometimes things are below for a reason so better use other basis such as utility of nft or size of community which are better determinants of a good investment. This is the problem when you are on a budget; it is almost having nothing to afford losing. On my end when I engaged with NFTs, I was following trends alone which are more often resulting to profit but not every project I've invested to made me rich. But one thing is for sure; choosing those whoch has high demand will also give high discount.

[cafee_orange]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

even though you are a beginner, don't fully trust the answers given before you do your own analysis of the Nft price you mean. if you are sure that in the future you will get profit by holding the Nft, then you should take it and trade with Nft. but if you don't have a chance to earn better you look at other altcoins

[Silberman]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

even though you are a beginner, don't fully trust the answers given before you do your own analysis of the Nft price you mean. if you are sure that in the future you will get profit by holding the Nft, then you should take it and trade with Nft. but if you don't have a chance to earn better you look at other altcoins

I disagree with this idea, no newbie is ready to invest in NFTs, the risk that a newbie will need to take to invest in those tokens is simply too high and they do not have the knowledge to do this in a responsible way, and if anything I would say there is no way to do this even for an experimented investor as it is impossible to know which of the many NFTs which are released each day is going to become popular and command a very high price.

[TheUltraElite]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

Would you want to buy a stash of shitcoins or you want to buy a smaller amount of a well established asset that has been performing well for years today?

This simple reasoning will solve a lot of problems in real life too. Bitcoin even in smaller amounts is always profitable when bought at the low prices. You gradually stack up those sats into bits, not that you can buy a huge amount overnight.

Low priced coins or nfts or tokens will remain low and never actually come up. This has been the trend for years now.

[Pierre 2]

I don't think nfts are scams. There are obviously many scam nft projects. But some nfts made by artists are meaningful. They can be pretty parts of your collection in my opinion. Although I think its best to start invest with altcoins. Especially coins like Ethereum or BNB. NFTs have different kind of market and they aren't beginner friendly... Its hard to pick and invest to one. But Ethereum is cool investment opportunity, its always good investment.

[big kid]

I don't think nfts are scams. There are obviously many scam nft projects. But some nfts made by artists are meaningful. They can be pretty parts of your collection in my opinion. Although I think its best to start invest with altcoins. Especially coins like Ethereum or BNB. NFTs have different kind of market and they aren't beginner friendly... Its hard to pick and invest to one. But Ethereum is cool investment opportunity, its always good investment.

No one said that all NFTs are scams, but it's not the best option for a beginner to buy. It's a risky market and it's different from the regular crypto market. I think BTC and ETH are the best options for the newbies, and after that, you might think about other stuff after research.

[carlisle1]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

even though you are a beginner, don't fully trust the answers given before you do your own analysis of the Nft price you mean. if you are sure that in the future you will get profit by holding the Nft, then you should take it and trade with Nft. but if you don't have a chance to earn better you look at other altcoins

I disagree with this idea, no newbie is ready to invest in NFTs, the risk that a newbie will need to take to invest in those tokens is simply too high and they do not have the knowledge to do this in a responsible way, and if anything I would say there is no way to do this even for an experimented investor as it is impossible to know which of the many NFTs which are released each day is going to become popular and command a very high price.

Unless that investor is willing to let his money go after purchasing his NFT asset, otherwise, it's better to do a deeper research before
taking any decision regarding to this kind of asset.

NFT projects have that same sentiment with crypto asset no one can really predict the future of your investment. It's more about taking
risk and how will you handle the risk after.

Make it a habit to do your DYOR and not to follow any insight that pushes you to make a decision without a clearer vision.

[trendcoin]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

The NFT market emerged as a result of a trend move and is now almost over. If your budget is tight and you don't want to buy Bitcoin or Ethereum and wait for many years, if you want to take a lot of risk to get rich quick, I recommend waiting for new trends to occur instead of NFT. I think the NFT market is not going through very active days right now. I wish you good luck.

[Xampeuu]

As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?

for me NFT is really just a trend and it can end, it is not eternal, like bitcoin or ethereum. we must be able to make the most of the moment when buying or selling NFTs. but if you are sure to invest in NFTs, then there is nothing wrong with your belief, as long as you manage your funds wisely. different from bitcoin for example, we will wait until it is safer to hold in the crypto world, and of course this is an investment with the largest allocation of funds than we have, so it doesn't interfere with our personal finances