Life isn’t always rosy in the NFT – Not everyone will make a fortune in the NFT. While one user has managed the master stroke of making a 100,000% profit on a NFT, others are not so lucky and end up with worthless « works » … of art.
A work… that wasn’t worth it!
As we saw last Tuesday, the « NFT Hashmask » collection can be a real gold mine. A user managed to buy a work for the modest sum of 0.1 ETH (130 dollars) and finally sold it for 125 ETH (166,000 dollars) 2 days later.
Of course, not all the works in this series are as rare and therefore do not have the same value. That’s what one Internet user learned… at his own expense.
Indeed, 3 days ago, the Westcoastbill Internet user, known to have bought back several works of the series, acquired the first piece of the series numbered #1 and entitled « Trump », on the Opensea protocol.
Unfortunately, purchased at 97 ETH ($155,000), the work turned out to be common, to say the least, as it was actually worth only 0.1 ETH when it was issued.
This was information that Westcoastbill could not hold, as the NFTs were only revealed once all the works were sold.
As a result, the unfortunate man now finds himself with a worthless item, paid a hundred thousand dollars. The worst part of the story is the derisory offers now being made to him by the community to buy back his NFT, ranging from 0.001 ETH to 0.5 ETH for the most generous.
A situation that leaves one to reflect on the infatuation around the NFT. Once again, with this type of investment, prudence is the mother of safety.
Why is the price of BTC falling?
The price of Bitcoin fell by 20% on Monday after breaking record after record since the end of 2020, fuelling concerns of a correction for cryptomoneurs, whose volatility has been pointed out by the British regulator.
Is now the time to buy Bitcoin?
In any case, in order to hope to make a profit on Bitcoin, one must try to buy it when it is undervalued, as with any asset. Today, with a valuation close to $20,000, it is not a good time to buy bitcoin.
Why is the BTC increasing?
According to an expert consulted by Médias24 , this phenomenon is due to an explosion in demand following the announcement in October by Paypal of the integration of bitcoin in its payment services and the growing interest of professional investors in this market.
Which crypto to buy in 2020?
In our opinion, the most promising cryptomoney products for 2020 and the years to come are Tezos (XTZ), Stellar Lumens (XLM) and ChainLink (LINK), which have seen their prices rise sharply in recent months.
What currency to undermine in 2020?
Ethereum. Bitcoin’s eternal challenger, Ethereum, is also a cipher you can undermine. However, the context is even more peculiar for the latter. No halving is planned for Ethereum.
How to invest in Bitcoin in 2020?
How to invest in Bitcoin in 5 steps?
- Sign up for Bitcoin Trader by following this link.
- Create an account on the broker’s platform.
- Fund your account.
- Select Bitcoin and click on « buy ».
- Open a Bitcoin trading position.
What new crypto currency to invest?
|Crypto currency||Price ($)||Change over the year|
|Ethereum (ETH)||132.9||– 5.62 %|
|Ripple (XRP)||0.19||– 46.39 %|
|Litecoin (LTC)||42.3||+ 32.29 %|
|EOS||2.54||– 4.63 %|
Which Crypto 2021?
Crypto currency: 7 virtual currencies to follow in 2021
- Bitcoin: the crypto currency . . .
- Ethereum : Bitcoin challenger and the most used crypto …
- Binance Coin : the crypto that invites itself into the big league. …
- Ripple: much more than a crypto, a passport to decentralized finance.
What is the most profitable crypto currency?
These are crypto currencies, especially Bitcoin. It is indeed the most profitable asset at the moment.
What are the best crypto currencies?
What are the best crypto-currencies of the year?
- Bitcoin – Crypto-currency No. 1 .
- Ethereum – Crypto-currency No. 2. …
- Ripple – Crypto money #3. …
- … Bitcoin Cash – Cipher number four. …
- Litecoin – Coin slot five. …
- Cardano – Cipher #6. …
- NEO – Coincode number seven. …
- 1- Go to the Alvexo online trading platform:
What is the future of Bitcoin?
JP Morgan believes that on a long-term view, the price of bitcoin could reach $146,000. In a memorandum released on January 4, 2020, the financial holding company JP Morgan estimates that in the long term, the price of bitcoin could reach $146,000 …
Will the Bitcoin go back up?
A discovery phase for Bitcoin » Bitcoin is therefore in price discovery » … For 2020 and 2021, the start is much higher. The price of Bitcoin « will go towards a price that is still unknown », CryptoFR continues, but according to many analysts, it is possible that it will exceed the $100,000 threshold.
How do I buy Bitcoins?
and more intuitive brokers (Coinbase, Coinhouse, etc.). The latter are generally simpler to use but charge higher fees. There are also a few physical counters in Paris (Coinhouse), Caen (Bitcoin Avenue), Brest (Byzantine) or Bordeaux (Comptoir des cybermonnaies).
Why is Bitcoin valuable?
These fluctuations are due to the fact that the overall market cap for bitcoin is very small compared to what some people hold. So it’s normal for the price to fluctuate quite a bit when those people decide to do something.