It’s fine if you buy into that narrative
Posted: Mon Jan 20, 2025 3:59 am
It’s fine if you buy into that narrative (I don’t), but that’s going to require a decade or more of holding the asset. In the meantime, it’s not going to be generating cash flows. You’ll still need a job and a paycheck. You aren’t really making money from NFTs, you’re investing in them.
Is Selling NFTs Worth Your Time?
One More Cup of Coffee is not a “crypto blog”, so I look at NFTs a little differently from a typical crypto perspective. I look at NFTs through the lens of, “Can I make consistent income from this?”. In my opinion, the answer is no. Some people may get lucky a few times flipping some NFTs for short term profits, but long term, I can’t recommend it.
While I own bitcoin, I own it to store wealth, not generate it. Bitcoin is oman whatsapp number data technology, not a business strategy.
At the end of the day, with NFTs, there will be a few winners, and A LOT of losers. Picking which one is going to be a winner is either going to require a ton of time and dedication towards becoming an expert in the space, or it’ll be a pure gamble. The next hot NFT could be a 10,000 Undead Dogs or Crypto Trees.
Even if NFTs as a whole are successful in some way, you can still end up with NFTs in your wallet that do not go up in value, or even go down in value.
Is Selling NFTs Worth Your Time?
One More Cup of Coffee is not a “crypto blog”, so I look at NFTs a little differently from a typical crypto perspective. I look at NFTs through the lens of, “Can I make consistent income from this?”. In my opinion, the answer is no. Some people may get lucky a few times flipping some NFTs for short term profits, but long term, I can’t recommend it.
While I own bitcoin, I own it to store wealth, not generate it. Bitcoin is oman whatsapp number data technology, not a business strategy.
At the end of the day, with NFTs, there will be a few winners, and A LOT of losers. Picking which one is going to be a winner is either going to require a ton of time and dedication towards becoming an expert in the space, or it’ll be a pure gamble. The next hot NFT could be a 10,000 Undead Dogs or Crypto Trees.
Even if NFTs as a whole are successful in some way, you can still end up with NFTs in your wallet that do not go up in value, or even go down in value.