Quote from: uneng on July 31, 2022, 10:02:45 PM

Quote from: sulendra12 on July 31, 2022, 09:35:36 PM

Quote from: Chipard on March 03, 2022, 12:21:37 PM

Is it better to trade NFT tokens rather than holding it for longterm?

Like you said, you got most of your NFTs from the airdrops so I would recommend to just sell it afterwards once you receive it from airdrops. Since NFTs are just based on hype so the more you hold it especially from airdrops then it's just most likely the price will going down everyday. You would probably have gotten decent money if you just sold it instead of holding it if I would say.

Very good suggestion. It's better to sell NFTs as soon as you acquire them for bitcoin, ethereum or any other crypto investment which is going to return profit thinking on long term.

NFTs can be useful for fast profit, but it's not advised to hold them for too long. All the examples around indicates us this fact and I could mention Axie Infinity's SLP and the Axies themselves as examples. It means even successful and long lasting projects are subject to devaluation, what at same time doesn't mean these NFTs are dead or useless, though.

Often the trend of the crypto world changes, so the NFT trend will end eventually. Moreover, I see that during the bear market situation this year,
the performance of NFT projects has decreased significantly and there is no more hype on NFT. But that does not mean that investing in NFT is
not profitable, but that NFT is not a good project for long-term investment. However, for long-term investment we must choose projects that have
a good reputation, and also proven to be profitable in the long term. While the NFT trend has not appeared too long ago, different from old projects
like BTC and ETH, both of which have been in the crypto market for more than a decade. This has proven that BTC and ETH are more feasible and
reliable for long-term investments.