The reason why some are rich is because they take high level risk and some are poor because they took high level risk foolishly. I use to take risk of investment but with knowledge and caution. When I traded on LUXY NFT marketplace and invest the gain back, i mind the project that I invest in.
Fear of loosing out as i read about usdt not submitting their report few hours ago already made me to convert all i stored in USDT from my trade on LUXY marketplace to BUSD. I did this just for the safety anyway not that I concluded that USDT will depeg.
This is how many doubt and criticism came about internet some years back and now it has come to stay, Blockchain and crypto is the foundation of the future of technology, it has come to stay and it is only upgrade that we will continue to have, very soon everyone will switch to web3 marketplaces like LUXY and Opensea not to trade nft alone but for groceries as well. Early adopters will look wiser.
I have actually been keeping my eyes on LUXY, the polygon-based NFT marketplace majorly cause of its low fees, there happens to be another one that excites me but that's not live yet, the name is DEIP it is building a marketplace for tokenized intangible assets like IPs.
There are some other projects that are dead but because Luna is prominent, that's why it's own is loud, there are possibility of some other projects not surviving this bear market, just keep your 🤞 and open your eyes to count the survivals. I'm just taking the opportunity to learn more about nft and trading on LUXY marketplace.
It's gambling for who did not do their research and business for those who got their fact right. The market currently can cause aggression on people and make them to call crypto different names, I am just cooling the pressure off and minting my artwork on LUXY NFT marketplace to keep my mind busy.
Polygon rolling into many things, I hope they can handle all at the same time. I'm HODLing MATIC anyway and also using it to trade on LUXY NFT marketplace. I think projects should rather get themselves more use case to strengthen their financial structure.
Everyone who loose in crypto are responsible for their loss because everyone have the right to do research and invest wisely, when I heard about LUXY NFT marketplace, I visited, discovered there zero fee trading and decided to test with the amount I can afford to loose, I'm still on test mode with the platform.
I will not say people should listen or not, but I will say there's power to be wealthy in information, it's on this subreddit I heard about LUXY NFT marketplace and I did my research from there I minted my first NFT for free which now increased my knowledge in crypto. I will advise everyone to read and DYOR.
The bear market can make things go red and this is not the first time it is happening, things will definitely boom back and NFT that drop price will rise again, there's hope for everyone I also have hope for my collections on LUXY marketplace.
NFT has to do with interest and same as crypto, there are some people who love artwork and there are some people who don't fancy art. I bought some artwork with the original signature of the artist and hang it on the wall in my house, I took the same passion into NFT and bought some collections of art on LUXY marketplace.
Mass adopting is when everyone get understanding of a particular thing and it's use cases and afterward accepted the things. NFT is going to gain mass adoption after when the real estate start using for the proof of land ownership which I'm already seeing on LUXY marketplace, opensea etc.
The prices are already in the air going down the cliff, check your portfolio and you'll know, I don't have the courage to check mine, I'm just using my love for artworks to mint on LUXY NFT marketplace so as to take my attention away from checking my portfolio.
Lmao, Don't use your main cash to buy crypto, you're gonna suffer hunger. Use extra cash or a percentage that's not going to affect you when you invest with it, there's more in crypto like NFT which you can still earn from and there's free minting going on at LUXY marketplace, you can mint and sell. Please don't use your house rent.
Many must have learnt much more during this bear market, this period that i need to take my eyes off my portifolio gave me the time to give time to study NFT (a way to keep myself busy when thinking crypto) and now i can mint and already minting on LUXY NFT marketplace. It's an added knowledge and experience for me.
That's the word, but taking eyes off the current situation will keep you away from depression before your wealth arrive. I just went ahead to make LUXY NFT marketplace a base to mint for free while waiting to read the news that bear winter is over.
That is why m using instinct and investing the amount that you can afford to loose is better some times and after investing, I just start drawing artwork which is what I love doing and minting some on LUXY NFT marketplace of polygon Blockchain waiting for whatever will come out of the investment.
I feel for those investing on Luna because the project is not a project that I ever thought could experience this, seeing Luna on $32 yesterday and $2 today is really shocking. For the investors never loose hope, let's see if Luna will come out of this, try and be doing anything that will make you happy by all means now to avoid depression. The crypto market is generally shaking, I just keep on to minting artwork for free on LUXY NFT marketplace to just take my attention away from my portfolio going down.
Big exchange are prone to having stolen NFTs, opensea was indicted for the same thing before. You rarely see things like that on an upcoming NFT marketplace like LUXY. I the the big marketplace and exchanges should have a way to be scrutinizing things like this.
From my own end, I'm just left to HODLing because I've invested all I can invest and the bear market even affected NFT, I'm just looking at my collections on LUXY NFT marketplace probably the artwork will be loved and purchased.
Trust wallet launching partnership with Instagram to display collectibles on the platform, LUXY marketplace being on polygon Blockchain (an official partner with meta), should find a way for the users of the marketplace to display collectibles on IG if not now, it should be soon.
The sincerity in the crypto market is first you should understand what you want to invest into. Read about any project you want to invest into and be sure they are so reliable that they won't rekt. If you want to venture into NFT as well, you can check platforms that are offering free minting like LUXY NFT marketplace to start with. It's very important to have an idea of whatever you want to do rather following anything you hear or read.
I discovered this and went ahead to trade on LUXY NFT marketplace to buy the dip. You can just find the best and legit way to stack according to your financial ability, hodling fiat is not wise at the moment but hodling crypto is wealth.
OP have given his opinion which are good, but for music and art lovers, minting NFT is also another way to express your passion and make money more so free minting still going on with LUXY marketplace on polygon Blockchain, I think I read it on there platform that it ends may 31, DYOR.
What you can do to also not only survive bear market but still be making money afterwards, if you can mint NFT, and during the minting process you place royalty on it, as the NFT is being sold, you will be getting your royalties back into your wallet address. This is what i did on LUXY Marketplace which the eyes of many are not open to.
This bear market depends on the view at which each of us are looking at it, my fiat moved into stable coin and my traded NFT from LUXY marketplace also moved to stable coin and i'm gradually putting it on BTC as it going down in preparation for the bull run.
Depending on the NFT that you are holding like i have in my collection on LUXY Marketplace, There are many use cases of NFT. I have some for voting purpose, some for gaming purpose and some for patent purpose, The ones i mentioned earlier have no fear for bear market because of their use case.
The crashes will go further according to an analyst i listen to, BTC might go as low as 21k, what i can tell you on how to get extra cash is if you can mint NFT and place it for sale, you might be lucky to get a buyer. There's an ongoing free minting on polygon blockchain and zero fee trading on LUXY NFT marketplace, you can do your research and try your luck.
It's when crypto is going down that is best to invest, trade what is worth it to buy what worth more like i traded some of my collectibles on LUXY marketplace to buy and when the profit comes i might probably buy back if it is placed for sale.
I read a news today that BTC is gaining momentum despite the crash in the market and i think the news is correct because i also traded part of my collections on LUXY NFT marketplace to buy and if you look at the chart very well, the buy chart is greater than the sell chart.
Reading from some analyst, they predicted $21k which might be possible, that's why i am just using what i gained from some of the NFTs that i traded on LUXY marketplace to be buying little by little as it is going down more and more.
I bought before now and i'm even trading some NFT's on LUXY marketplace to buy more, if you have experience this bear market before you will know this is the best time to buy, i enter into crypto during the last bear market and i stacked and know how much i made out of it.