NFT buyers motivated by long-term profit
According to an analysis by BitcoinCasinos, 39% of NFT buyers are motivated by the long-term profit factor.
“It appears that NFT buyers are quite savvy when it comes to their investments, paying close attention to not only the utility of a given collection, but also its potential resale value. As such, many NFT holders have been able to take advantage of this emerging market and make money over time,” BitcoinCasino’s betting expert Edith Reads commented on the findings.
39% of NFT buyers are motivated by long-term profit
The analysis also found that 3 out of 4 NFT holders consider how much benefit a collection provides before they buy. Additionally, 68.8% of buyers said they buy an NFT because they want to join the community, indicating that people are using their investments to support projects and ideas they believe in. Finally, personal enthusiasm for both the business model and the artwork of a collection were cited as equally important reasons for purchasing.
Long-term vision
Holding NFTs for a longer period of time can result in increased value depending on the digital asset. With increased demand and reduced supply, NFTs can become rare digital collectibles sought after by many. Long-term collection also allows holders to store assets in a smart wallet, protecting them from the market.
This strategy is becoming increasingly popular among NFT buyers who are not necessarily interested in cashing out their investments, but are more focused on building an impressive collection over time.
Why hold NFTs for long-term issues
The potential to make money is an important factor in the decision to buy. When it comes to the long-term success of NFTs, the most important thing is to understand the big picture and potential effects of digital assets. Warren Buffet famously said, “Our favorite period is forever.”
This could not be more true for non-fungible tokens. Unlike Bitcoin and other crypto options with many variations affecting their value, NFTs become a safer bet once you understand the technology behind digital ownership. They are protected against market forces and provide stability for your investments over time.
Collectors who can focus on the long-term effects of non-fungible tokens can clearly see the potential of the technology and, more importantly, the success of their investments in the long run.
NFT collections with a better chance of success, in the long run, are those with strong communities, excellent tools, and those that continue to deliver on their roadmaps. With these things in place, NFTs can be a safe and profitable investment for many years.
