What are the biggest mistakes people make when buying NFTs?

3 answers

• Nov 29, 2021 · 3 years ago
  One of the biggest mistakes people make when buying NFTs is not doing enough research. It's important to understand the project, the team behind it, and the potential value of the NFT before making a purchase. Take the time to read whitepapers, check the authenticity of the NFT, and evaluate its long-term potential.
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• Nov 29, 2021 · 3 years ago
  Another common mistake is not considering the gas fees associated with NFT transactions. Gas fees can be quite high, especially during times of high network congestion. Make sure to factor in these fees when budgeting for your NFT purchase to avoid any unexpected costs.
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• Nov 29, 2021 · 3 years ago
  One mistake that people often make when buying NFTs is getting caught up in the hype and FOMO (fear of missing out). It's important to approach NFT purchases with a level-headed mindset and not let emotions drive your decision-making. Take the time to evaluate the NFT's value and potential returns before making a purchase.
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