Quote from: Oilacris on June 18, 2022, 07:07:19 PM

Quote from: hyudien on June 18, 2022, 06:58:55 PM

Quote from: WeedGoW on June 18, 2022, 06:54:39 PM

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.

But in fact, we see that is no longer applicable in the market. In other words, NFT will only confuse you to resell it. At least set the lowest price because your purchases have dropped and anyone would avoid such NFT schemes. Nothing looks promising other than the NFT that the artists have. And our role is difficult to reach sales promotion even when the Hype is peaking.

One of the most common mistake of someone is to believe that they could make easy money with just those simple artworks and styles and that's why we've been flooded by hundred thousands of it and turns out that this is something which isn't that worth anymore when it comes on making it as an investment or for long term holds.They do know that they could potentially make money if ever it gets hyped or there sudden interest of the art but as expected on where trends do really have an endline or being over which means never make yourself comfortable on everything you do encounter as an investor.

Yes, exactly. They said it was one of the kind, ultra-rare stuff but the next day, many new NFTs floor the market with a similar style or theme. If they said NTFs worth depends on the artist's name then what they buy and sell is just a form of signature trading made by a person. That's lame and stupid.