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RE: Steemit Crypto Academy Contest / S2W4 - What are NFTs. by @koladammy
NFT's are indeed not interchangeable. Unlike fungible tokens like Bitcoin which always represents the same value
NFTs are all unique in their one way hence making it impossible for them to interchangeable. Unlike cryptocurrency where a user can I interchange i btc for another 1 btc because they are all the same.
Do adequate research
Everyone is talking of doing research but I saw there are sometimes risk that you have to take and they pay off. You might see an NFT for as low as 20 dollars and you sentiment is telling you to buy. You can invest in it because by the time you will make your research it is been sold.
Just like cryptocurrency you buy low and sell high .
yes, my friend, That's a good point. Suppose the amount is something that wouldn't break an ankle in the case of loss. there's no harm done. The crypto space has always been one with a lot of risk and reward. Personally, if I seem interested in a low-cost project I don't need to spend much time on research. I'd get it down. It's important to weigh options and consider sentiment too.
Glad to have you here @rubilu123