As a promising material, Cs4PbX6 (X = Cl, Br, I) nanocrystals (NCs) have attracted much attention. However, their luminescent property is still under debate. In this work, we first systematically studied the colloidal preparation of Cs4PbX6 NCs. It is found that the critical parameter for the formation of Cs4PbX6 NCs is the ratio between Cs and Pb. Pure Cs4PbX6 NCs are nonluminescent. The luminescence property of previous reported Cs4PbX6 NCs may come from the impurity of luminescent CsPbX3 NCs. No coexistence of both Cs4PbX6 and CsPbX3 phase has been found in one single nanoparticle. The water-triggered transformation from nonluminescent Cs4PbX6 NCs to luminescent CsPbX3 NCs has been quantitatively studied. The potential application of Cs4PbX6 NCs in humidity sensor and anticounterfeiting have been demonstrated. This work is important because it not only confirmed the nonluminescent nature of Cs4PbX6 NCs but also demonstrated the potential application of such NCs.