Post
Topic
Board Altcoin Discussion
Re: beginner in Crypto
by
carlisle1
on 06/02/2023, 13:31:07 UTC
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.