One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.
And that is one of my main problems with this, as their name implies non-fungible tokens are each unique and it is because of this their price varies so wildly, so there is not really a way to know if you are overpaying or getting a good price for the NFT that you bought.
So most of the time those which are interested in NFTs buy it at a high price but if they try to sell their NFTs then they are going to find out that almost no one is interested in them, a process that happens without them realizing precisely because those non-fungible tokens are unique and as such it is impossible for the market to exercise its price discovery mechanism.