Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❓ASK Is Buying NFTs actually worth it?

microunit

Sapphire Member
LV
1
 
Joined
Nov 27, 2019
Messages
7,541
Reaction score
289
Points
170
Awards
6
BMF Points
$805
As lately the hype in buying and creating had been continuing to grow and alot of them throws alot of money trying to buy those "unique only on in the world" NFTs and then trying to sell them at a later time again for a higher price. NFTs also extend to the gaming genre with the rise of NFT play-to-earn games that is also happening lately

Do you think it is worth it to actually buy and sell NFTs? I think sometimes depending on the NFT it could be both worth it or not as you could be the last one holding the NFT and no one would every buy it again
 
NFTs may increase in value. The future of NFTs is highly speculative.
Instead of just buy and sell Go to create your own unique and memorable NFTs art and there may be Lot of great chance of high value.
 
NFTs is the new game changer. In the next 10 years, most of nft minted in 2022 can have great values. The best way to make money from nft is collect cheap ones and hold it for next five years. Secondly, there is need to consider the usability of the nft before buying. For example, those that collected Axie inf
 
Yes it is true that Investing in nfts cannot be overlooked,i do think that the virtual space has so much to offer in years to come and alot of people who have such investing ventures will rip off profits. But people have to be well informed a d understand how this industry operates in order not to be scamed.
 
Buying and keeping it as a collection is not worth it as one could buy and collect anything and everything in the open market But selling it is what makes this category worth going in for
 
Very excellent answer there,this us a part we miss out and end up losing money for.Not only is it a factor to have something valued but also how to market it.Recently Jack Dorsey's NFT had struggled to sell and the owner is on the verge of losing millions in loses.So whenever mint an NFT it is important to have an original on what makes it valuable and will continue to make it valuable.

For example people in the press will always make money from memoirs,we have some music we can mint,some videos,games collection and scripts or stories.But the part of marketing should not be ignored.Branding is key.
The owner of the Nft made a mistake in reselling that Nft. It's more of a collectible to hold over a long period of time. It's a pity he bought it with the intention of selling. There are people who keep those Nfts and artworks as collectibles. Nfts come like artworks and possess similar characteristics. Some artworks are probably nothing but sold for millions of dollars.
 
The majority of us immediately think of goofy (and pricey) cartoon jpegs when we are presented with the concept of NFTs. However, non-fungible tokens, often known as NFTs, are a type of technology. It makes no difference whether or if that tech is used to validate possession of ape pictures or multi-million-dollar beach mansions in Malibu. It is precisely this technology that will bring about a permanent shift in the ways in which we engage with one another.
 
As lately the hype in buying and creating had been continuing to grow and alot of them throws alot of money trying to buy those "unique only on in the world" NFTs and then trying to sell them at a later time again for a higher price. NFTs also extend to the gaming genre with the rise of NFT play-to-earn games that is also happening lately

Do you think it is worth it to actually buy and sell NFTs? I think sometimes depending on the NFT it could be both worth it or not as you could be the last one holding the NFT and no one would every buy it again
I mean depending of the project of NFT what you choose, if we choose any NFT project that have any function like, if you are holder of some NFT you should have for ex: free coffee for some days, or you will have some percents discount to x shop etc.. This kind of projects worth for my opinion!
 
As lately the hype in buying and creating had been continuing to grow and alot of them throws alot of money trying to buy those "unique only on in the world" NFTs and then trying to sell them at a later time again for a higher price. NFTs also extend to the gaming genre with the rise of NFT play-to-earn games that is also happening lately

Do you think it is worth it to actually buy and sell NFTs? I think sometimes depending on the NFT it could be both worth it or not as you could be the last one holding the NFT and no one would every buy it again
If you know what you doing then yes, definitely worth it!

Here is just one example of my sales over the last 2 years or so on Atomic Hub:
https://wax.atomichub.io/profile/wax-mainnet/3v5r.wam#sellHistory

Education is key in the NFT space! Many people just come randomly and expect to get free NFTs or become rich fast but that is not the reality for 99% of the people who join this industry. You need to get educated first and understand what to collect, how to obtain it and where to sell it possibly.

It is a job just like any other industry and you need to develop skills in order to make reasonable gains.
 
The use of non-fungible tokens (NFTs) to demonstrate ownership of intangible works of art like digital music and video has grown in popularity in recent years. Especially in the niche markets of digital art and collectibles, purchasing and selling NFTs has yielded substantial profits for its owners. It is worth noting, however, that the NFT market is still rather young and highly unpredictable, thus, not all NFTs are guaranteed to be successful.
 
If you know what you doing then yes, definitely worth it!

Here is just one example of my sales over the last 2 years or so on Atomic Hub:
https://wax.atomichub.io/profile/wax-mainnet/3v5r.wam#sellHistory

Education is key in the NFT space! Many people just come randomly and expect to get free NFTs or become rich fast but that is not the reality for 99% of the people who join this industry. You need to get educated first and understand what to collect, how to obtain it and where to sell it possibly.

It is a job just like any other industry and you need to develop skills in order to make reasonable gains.
i checked your link and man that's some profitable sales right there. people can definitely make a lot of returns in anything if they know exactly what they are doing. that's cool. and you inspire me. i will try to learn that
 
i checked your link and man that's some profitable sales right there. people can definitely make a lot of returns in anything if they know exactly what they are doing. that's cool. and you inspire me. i will try to learn that
The success of a non-fungible token (NFT) project may be significantly improved by the formation of a community consisting of people who share similar values and perspectives. Considering that NFTs are a cutting-edge technology that is still in its infancy, organizing a community of people who are enthusiastic about the technology can assist increase interest in the NFT project you are working on.
 
Yes, NFTs have become a hot commodity in recent times and there is potential to make good money by buying and reselling them. First anyone should understand the market and the right strategies to follow, so you can maximize your profits.
NFTs (Non-Fungible Tokens) have taken the art and collectibles world by storm, but selling them can be a challenging task. Due to their unique nature, NFTs require a specific understanding and knowledge of the market, as well as a large network of potential buyers. Additionally, the NFT market is highly competitive, with a limited number of high-value sales compared to the overall volume of NFTs.
 
Yes, you are correct. Selling NFTs can be a challenging task, but it also has the potential to bring in significant profits for artists and collectors. Networking and building relationships with potential buyers can also increase the chances of a successful NFT sale. The key to success in the NFT market is to stay informed and be proactive in marketing one's NFTs to the right audience.
NFTs (Non-Fungible Tokens) have revolutionized the way digital assets are bought and sold. As a result, they require a unique marketing approach that differs from traditional methods. The first step to marketing NFTs is to identify the target audience. Who is most likely to be interested in the NFTs being sold? Are certain demographics or interest groups more likely to be interested in the asset?
 
Absolutely, investing in NFTs requires careful consideration and due diligence. It is essential to research and understand the market and its dynamics before making an investment decision. Should understand that the value of an NFT is often tied to the perceived value and demand for a particular digital asset, which can be influenced by various factors.
Investing in NFTs is a highly speculative endeavor and requires careful consideration and due diligence. Before making an investment decision, it is essential to research and understand the market and its dynamics. It is important to understand that the value of an NFT is often tied to the perceived value and demand for a particular digital asset, which can be influenced by various factors such as the popularity of the asset, the scarcity of the asset, and the potential utility of the asset. It is also important to keep in mind that the market for NFTs is still relatively new and volatile, meaning that prices can fluctuate drastically and investments can be risky.
 
Selling NFTs is like trying to sell a unicorn to a skeptic. Traditional methods just don't cut it! You can show them all the glitter and magic, but they just don't see the value. It's a brave new world out there, and it takes a different approach to sell NFTs. But hey, if you succeed, you'll be the one riding the rainbow!
 
Agreed, selling NFTs can be a challenging task as it requires a unique approach and perspective. NFTs are not like traditional art pieces, and it takes a creative and innovative approach to convince potential buyers of their value.
Building a community of like-minded individuals is crucial to selling NFTs successfully. This can help create a network of buyers, collectors, and artists who are interested in the world of NFTs and are more likely to invest in them. Building a community provides a platform to showcase NFTs, increase visibility, and drive sales.
 
Thank you for your thoughtful perspective on investing in NFTs. We completely agree that due diligence and research are crucial when making investment decisions in this market. It's important to understand that the value of NFTs is often based on perceptions, demand, scarcity, and potential utility, which can be subject to fluctuations.
You're welcome! As you noted, the value of NFTs is often based on perceptions, demand, scarcity, and potential utility, which can be highly volatile. It is therefore important for investors to do their own due diligence and research on the NFTs they are considering investing in, as well as the companies and platforms associated with them.
 
I completely agree with your thoughts on the importance of building a community for selling NFTs successfully. By bringing together individuals who share a common interest in NFTs, a sense of belonging and mutual support is established. This creates a positive and supportive environment where members can exchange ideas, showcase their work, and collaborate with each other.
Besides, selling NFTs can be a difficult and complex process, as it involves understanding the market, finding the right buyers, and setting competitive prices. Additionally, the NFT market can be volatile, and it is important to understand the potential risks and rewards associated with selling NFTs.
 
The Greedy Machines is the first NFT I've come across with a use case that actually makes sense. On this project, you can buy NFT miners, which, depending on their power mines bitcoin. Every day the rewards come to the specified bitcoin address. If you compare with physical miners, NFT is much more profitable, due to the fact that the company has a large fleet of devices. Their electricity and maintenance costs are many times lower than the market.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.