Quote from: o48o on July 12, 2023, 08:58:48 PM

Quote from: bakasabo on July 12, 2023, 12:48:49 PM

I have different vision. I think that NFT hype is over. Like every hype in crypto industry - it lasts for a year, maybe a bit longer maximum. Why do you think that hype isnt over? I see no loud articles in media about NFT, I see no scandals or scams connected with NFTs. People tried to restart NFT hype, when we had news that NFT now are on Bitcoin blockchain. This fact indeed worried a lot of people, as it made blockchain transactions cost more, but right now, one or two month has already passed and only few people remember about it.

The problem of NFTs was that it is easy to buy it, but it is hard to find a buyer. Now people have bought NFTs, and dont know how to sell it. They froze their money and have to wait and observe how values of their NFT go down (and yes, NFT prices went down heavily) or how inflation slowly kills their investment.

But do you see the hype coming back with the bullmarket? BAYC floor price is resting in a good support imho if someone believes that you can do TA on that.

Lack of liquidity is problematic for someone like me who likes to exit fast if necessary. But it isn't issue for actual collectors. When collectors IRL store actual physical stuff, they are not planning to flip it instantly, they wait for the right moment and right buyer. And they even have to store their goods physically, sometimes for years until right buyer comes along. So i see something like reddit NTF collectables as an actual investment.

I don't own any nfts at the moment but i've been looking for some good ones to get into. Prices start to get where i want them to.

I feel like we are about to enter real bull market, but I dont see that NFTs gonna have a significant place in that play. I expect that cryptocurrency market is going to be hit by another hype thing. We already got NTS, memes, metaverse, AI and etc. Something new gonna appear and cast shadow on everything that we had in the past. I always associate NFT with bored apes. They are still expensive, but not as expensive as they were in the beginning. With art, things should happen opposite, arts value must grow with time, but with apes, their value either stagnate or go down.