Exactly. if you come to ask other people that are doing perfectly well in their trading career you will come to understand that they started it even when they did not even know how to trade but through continuous learning and practice they were able to master it.
Are NFTs going to take over for Cryptocurrency?
- Thread starter Grant
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That is true,I have come to understand that the more you are into trading you will be more proficient in your trading and as you continue you will gain more experience in the trading
That is true,I have come to observe that as you are consistent in trading you will be improving with time and as you keep trading you will be discovering newer and better strategy in trading.
I believe NFT is just hyped and it will fall down one day like all coins see movement they will also see similar kind of movement for them as they don't hold any real value.
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That is exactly how it works , but personally I wouldn't want to have more than one strategy except it is absolutely necessary so I won't be in a position to lose focus on my main strategy.
That is basically the choice of an investor,sticking to a particular strategy, because once you have been making use of a strategy you will gain proficiency as you trade.
You talk about NFTs talking over crypto currencies in the feature,I sorry to say you didn't tells us what NFTs mean and I have never had of it before. Can you tell me more about the NFTs?
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LaptopCoreI7
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NFT is cannot replace nor overtake the cryptocurrency. In the sense that NFT is not a means of exchanging it for goods and services. But crypto on the other hand can be used as a normal currency
I don't think this will take over , it is not rampants as long as it used to be in the past and beside the non fungible token sectors is not really clear and direct like the normal cryptocurrency.
Gen Z is more likely to invest in cryptocurrencies and NFTs than stocks in comparison to millennials, and their investments will fuel markets as digital assets become increasingly mainstream. Like assets, these sectors will grow as younger, digitally native generations mature
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The NFT thing was overdone earlier this year but it's slowing down a bit as not many people are talking about it anymore except those who actually know a lot about it... it never takes crypto I can not do it
Crypto currencies and NFTs both are based on blockchain but these are different concepts. Whilke crypto currencies can be usd just like money for sending, receiving funds as well as paying for goods and services, NFTs are just collections with some fiat value.
The non fungible token is part of cryptocurrency but it seems normal cryptocurrency we are using on day-to-day transaction and for investment is much more powerful than the non fungible token.
Thousands of people seems to put much of their time and effort in those ones.
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You are right sincerem. Ever since the existence of the non-fungible talking I haven't really taken my time to research about it before.
If I have the money I invest in normal cryptocurrency but for now I have pause crypto investment till further notice.
Altcoins would remain independent of NFT's. Even though they are all part of cryptocurrency, they serve different purposes, and in most cases, you actually need to use altcoins to buy and sell NFT's you hold.
That is true . Most people have little idea of it. Maybe there are people that are earning much from it. It all depends but it seems a minute number of people may be benefiting from The non fungible tokens and possibly people that have much money to invest.
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I think it was designed to work together with cryptocurrency but p have heard that if you know your way around creating and selling of NFT then you can make more money than you ever can trading or investing in the cryptocurrency market directly.
Cryptocurrency is really complicated. sometimes it may not be based on the amount of money you have for investment. A lot of people have lost thousands of their money in cryptocurrency. I think it depends on you being able to make wise decision. Even in the non fungible token there is always opportunity for losing.
NFTs will probably grow in popularity as a cryptocurrency substitute, but they won't replace cryptocurrencies entirely. Although NFTs have special advantages like ownership and scarcity, they are not as popular or used as cryptocurrencies.
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NFTs are not likely to replace cryptocurrencies anytime soon. NFTs are fundamentally distinct from cryptocurrencies, despite the fact that they have recently attracted a lot of attention and adoption. While cryptocurrencies are used as a form of trade and are used to purchase goods and services as well as investments in and of themselves, NFTs are unique digital assets that are primarily used for collecting and trading digital art, music, and other creations.
I don't think Non Fungible Tokens would take over Cryptocurrency. Non Fungible Tokens is great no doubt, but I believe it is been over hyped. They serve different purposes, and the role of cryptocurrency can not be done by Non Fungible Tokens.
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