Mate, crypto was the reason of 2 grey hairs poppin up on my head which always had beautiful dark brown hair.
But looking at it from start to beginning, they did change my life around. Made profits that are otherwise unheard of.
However, since the start of this year everytime I look at my crypto account it makes me cry.
Plus I started doing some futures trading and oh my god, the profits while I 'thought' I knew what I was doing were great. Then BOOM, one day logged in and was down £800 because I never noticed the alerts from my app cos I was playin TW. 800 might not sound like a lot, but when that 800 includes some of your initial investment you'll feel it lol.
I want to get involved into NFTs but tbh I don't have a clue as to where I can read up on the NFT market to determine which ones to buy and go from there. So far in my experience it seems like certain NFTs just become really popular due to 1 person spending a ridiculous amount on one and the crowd just follows suit, lol.
My mate bought a NFT which imo didn't really stand out or otherwise convey a certain aspect of art by the way it was designed. But he bought the 33rd one released for 300 dollars and sold it for 9k.
Like...why or..how..I can understand profit and loss when trading crypto currencies and the driving factors that might influence the price. But NFTs...how or what causes certain ones to sell for ridiculous amounts?