Are NFTs a Good Investment for Beginners?
Due to their unpredictability, NFTs aren't a safe choice for new investors. Since NFTs haven't been tested for many years, there's no knowing how their prices will perform over the long haul.
If beginners want to get involved with NFTs, it's best to pick out a project they genuinely enjoy. For instance, sports fans may want to get an NBA Top Shot as a form of memorabilia.
However, beginners shouldn't think of NFTs as a "long-term investment." There's simply too much hype in the NFT space to get an accurate read on their value.
Beginner investors should look into traditional assets like stocks, bonds, or ETFs for a more stable portfolio. It's also wise to start investing in blue-chip cryptocurrencies like Bitcoin or Ethereum before diving into NFTs.