My friend lost a lot from buying the newly launched NFT, maybe he was too greedy so he made a purchase and didn't do research and in the end felt sorry that he had lost a lot in this case so that this complaint happened a lot.
For me it's an important reminder because analyzing is the main thing before you buy it, if you think it's good with the product being developed then we can draw conclusions about the NFT, so doing research is the most important in my opinion.
Unfortunately there are too many people who end up doing something stupid like that just because there are people who invest into NFT like crazy and others hope that they could definitely sell their newly minted NFT. I hope that there is a good reason to buy a good NFT and you could mint it and that would be a lot better, and they could sell it for a lot of money.For me it's an important reminder because analyzing is the main thing before you buy it, if you think it's good with the product being developed then we can draw conclusions about the NFT, so doing research is the most important in my opinion.
However, there is a good case that just because it is NFT, but there are only a few of them available and most of the time there are bunch of shitcoin like shitnft's and that is how you lose your money. It is not just your friend, it is something that is done by a lot of people and that is why there is nothing wrong with it. Yes they are losing money but at the same time it is something that everyone is doing, and which is why we need to actually realize that it is not a big deal and just let it be.
NFT is the most ridiculous thing in the crypto world. NFT tokens that are launched in Ethereum smart-contract can only be purchased. When you will go to sell collectibles, you will get embarrassed. Blockchain fees are so high that you have to pay more network fees than the value of your NFT token. Even if you post a selling post by paying a higher network fee, it will be pending for months on end. If you cancel the order, your fee will be deducted
. very funny way to trick the buyer.