Should you invest at the beginning of the next hype?

[bhasan01854]

There is no general answer to this question. Regardless of the fact that everyone has to make their own investment decisions and should not make them dependent on the written or spoken statements of others, investing in NFTs carries risks.

Aside from scams and other security risks, in nurse database contrast to selling other cryptocurrencies, selling an NFT always requires finding an individual buyer who wants to own that particular NFT. If that buyer cannot be found, you are left with your investment and cannot realize any profit.

If you are aware of this risk, you can of course also look at the positive side of investing in NFTs. If you have already invested in a popular collection before a hype, you can potentially multiply the capital you invested. In the event of a new boom in non-fungible tokens, you should therefore carefully consider an investment and be aware of the risk of loss in order to profit.