What I Wish I Knew Before Jumping Into NFTs
⚠️ 1. NFTs Are Highly Volatile & Risky
The NFT market is extremely speculative—most collections lose value fast. Studies show that over 95% of NFT projects became worthless within two years of peaking. These assets typically don’t generate income and lack the stability of traditional investments.
🔍 2. Always Do Your Homework
Avoid buying based on hype or influencer endorsements. Research the project thoroughly—look into the team, their roadmap, community involvement, and overall credibility. Be cautious with undoxxed teams and overpriced minting, both of which are warning signs.
💸 3. Fees & Liquidity Are Real Concerns
High gas and minting fees—especially on networks like Ethereum—can kill your margins. Choose your timing wisely and consider cheaper chains. Also, low liquidity means selling at your desired price may take time—or may not happen at all.
🔒 4. Prioritize Security
Scams, fake NFTs, and phishing attacks are everywhere. Stick to reputable marketplaces, use verified creators, secure wallets, and enable 2FA to protect your assets.
📚 5. Know the Legal Grey Zones
Owning an NFT doesn’t always give you rights to the content itself (e.g., copyright or reproduction). Regulations are limited, and there have been cases of market manipulation and wash trading.
🎯 6. Manage Your Expectations
NFTs are not guaranteed moneymakers. Even the most successful stories are rare exceptions. Focus on long-term community value, not quick flips. Stay emotionally detached—if interest fades, so might liquidity.
✅ TL;DR:
NFTs offer creativity and potential upside—but come with major risks, low liquidity, and little legal protection.
Smart approach:
Research deeply (team, rarity, utility, and community)
Understand the fees and resale landscape
Never invest more than you can afford to lose
Diversify and move carefully
Not financial advice—just a practical guide to avoid common NFT pitfalls.