Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Morgan Linton
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

How will NFT NYC impact the NFT market?

% of readers think this story is Fact. Add your two cents.


How will NFT NYC impact the NFT market?

As NFT NYC gets closer and closer, there’s a burning question on everyone’s mind – how will the NFT world’s biggest conference impact the overall NFT market. After what might be forever known as “NFT summer” – the overall NFT market has cooled with popular projects like Bored Ape Yacht dipping from a floor of 60ETH to around 35ETH.

Of course, if you look at the data, the NFT market is still up – way up, and in many cases it’s because the vast majority of the NFTs we’re all buying and selling now didn’t even exist a year ago.

How will NFT NYC impact the NFT market?

The question now is – was August an anomaly, the result of a fever pitch in excitement for NFTs, or was it just a sign of what’s to come. There have been signs that the market is already picking back up and across Twitter I’m seeing more and more people declare the end of the bear market.

How will NFT NYC impact the NFT market?
How will NFT NYC impact the NFT market?

Of course, there’s a lot to unpack here and probably a ton of data analysis that someone with a lot more time than me could spend trying to predict what will happen next. Personally, I don’t think this analysis would be a great way to spend your time because the reality is, these are still the early, early, early days of the NFT world, and that means it’s not going to behave in a predictable way.

Will the NFT market go up after NFT NYC? Will it go down? There are good cases you could make for either scenario if your time horizon is a month or two.

For me, I think we’re all experiencing the beginning of a digital renaissance, a shift in the way the world works and something that’s going to be with us for a long, long time. I don’t really care what happens this month or even this quarter. I think waiting to see how things play out over the next few years is where things get really interesting.

That being said, this also means taking on a meaningful amount of risk. There’s no general rule that says NFTs have to always be worth something. Three years from now everything could be worth nothing, but at the same time, everything could be worth 1,000x what it is today – my point is, we don’t know.

What I do know is that nobody should be putting money into NFTs that they need to survive. New, frothy, speculative markets are meant for play money, and while that play money can turn into life-changing money, you need to be okay if it doesn’t.

So while I, like every NFT investor out there would always love to see the NFT market go up, and hope that happens after NFT NYC. I’m fine if it doesn’t because I’ve strapped myself in for a long and bumping ride, and as far as I’m concerned, we’ve been driving for about 2 seconds, so the ride has barely even started…

Disclaimer:The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.



Source: https://www.morganlinton.com/how-will-nft-nyc-impact-the-crypto-market/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 2 comments
    • BalanceBlind

      I’m pretty sure that the situation will change many times, and the NFT won’t be stable at all, so I’m not even sure if today is the perfect time to invest in it or it’s better to wait, or maybe don’t do that at all.

    • LucyaSmit

      I feel like the NFT market will only grow over time since NFT is a pretty interesting technology, and I’m sure that in the future, NFT art will be way more spread than any other type of art. That’s why I’m convinced that it’s important to buy tokens while they don’t cost a fortune. I know that it may be hard to decide which one will actually grow in price, that’s why I choose to contribute to the project from this website , and that’s it. I can buy some small NFTs, but I still hesitate. But I know that I’ll have more than one NFT on my wallet.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.