NFT Loss - minus 99% ROI

User avatar
Derek27
Posts: 13464
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I wouldn't mind owning a small piece of the moon, enough to build a house on. I'd be a proud owner but I wouldn't pay anything for it. :)
User avatar
gazuty
Posts: 2324
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

I’ve finally realised my path to riches. I’ve appointed Kai my exclusive agent to market my pnl graphs as NFTs.

Once we get beyond the virus 🦠 I will also explore a pan European gallery tour - watch out for further details under the banner “Straight Lines”.
User avatar
ShaunWhite
Posts: 7150
Joined: Sat Sep 03, 2016 3:42 am

gazuty wrote:
Wed Dec 15, 2021 10:54 pm
I’ve finally realised my path to riches. I’ve appointed Kai my exclusive agent to market my pnl graphs as NFTs.

Once we get beyond the virus 🦠 I will also explore a pan European gallery tour - watch out for further details under the banner “Straight Lines”.
Can I exhibit my work too? It's a dog poo bag with a USB stick inside entitled Crapto Currency.
User avatar
gazuty
Posts: 2324
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

ShaunWhite wrote:
Wed Dec 15, 2021 11:32 pm
Can I exhibit my work too? It's a dog poo bag with a USB stick inside entitled Crapto Currency.
That’s the sort of item that should be in the Museum of Modern Art.

We will probably all be riding the coattails of Kai’s memes, but I think there is merit in a bet angel gallery of nfts. Surely the Dallas giant thumb will also feature.
Kai wrote:
Tue Dec 14, 2021 11:52 am
I may be persuaded
https://www.fool.com/investing/stock-ma ... ke-an-nft/

Kai, you would be way ahead of me on all things crypto and NFTs - not suggesting you need the guide but in case you do.
User avatar
Kai
Posts: 3771
Joined: Tue Jan 20, 2015 12:21 pm
Location: Hogwarts, UK

gazuty wrote:
Thu Dec 16, 2021 1:19 am
https://www.fool.com/investing/stock-ma ... ke-an-nft/

Kai, you would be way ahead of me on all things crypto and NFTs - not suggesting you need the guide but in case you do.
Minting my own NFTs? As a joke maybe, would need a little guide for sure :) Anything is possible, Dogecoin started as a joke out of my favorite meme.

But trading NFTs could be more interesting, potential profit margins can reach ridiculous levels.

A good bit of insight about it here : https://www.youtube.com/watch?v=wnJNZbpJmoQ
User avatar
Kai
Posts: 3771
Joined: Tue Jan 20, 2015 12:21 pm
Location: Hogwarts, UK

In all seriousness, I usually try to keep an open mind so I sort of get both sides of the argument.

Bottom line, people are all about status and you have to admit NFTs are a good way of displaying that in the digital space. It may seem like irrational insanity but tribalism often is, and crypto tribalism seems to be the driving force behind it.

Everyone always screams bubble at anything new, but you can't ignore the fact that today we exist more in a digital world than a physical one, and our presence and appearance in this space matters. Since people love nothing more than to flex and you see it daily in all wakes of life, this logically creates a need to flex in a digital manner. Splurging money on a unique NFT art piece is not much different, it's about flexing your status and your wealth, and to a far bigger audience than driving your Lambo to get groceries once a week could.

And for some it's about credibility as well, if an expensive piece of NFT is a requirement to join exclusive clubs on Discord or elsewhere then some would argue it has value as well, since networking and exposure at that level etc can be deemed priceless. Another interesting thing with NFTs is now you can be both famous and anonymous at the same time, something that was not really possible before but sounds like an ideal balance. Buy a Bored Ape and slap that bad boy on an anonymous Twitter account and suddenly your voice matters and your advice is relevant. Since you now own a unique recognizable "digital face" there is no need to actually show or risk your real face.

In the trading ecospace overall I would assume NFTs can be used as a unique credibility tool as well and will be the difference between real traders and the pretenders, simply because those that don't actually trade cannot afford them. Not exactly full-proof but this can help with the much needed transparency in this industry.

Not long ago people on here were asking for an exclusive trading club and a way to verify who is even profitable etc, so that's just a random example that such needs do exist, and now with NFTs solutions exist as well.

Like the Discord discussion the other day where people were interested in that, who wouldn't want to be a part of an exclusive Discord group where you can't get in without a unique NFT.

OP of this thread made a unique avatar as well, but if he put up a Bored Ape instead or a similar equivalent then he probably wouldn't get that stern telling-off to stop posting crap the other day :)
User avatar
Kai
Posts: 3771
Joined: Tue Jan 20, 2015 12:21 pm
Location: Hogwarts, UK

Sounds about right :lol:
User avatar
gazuty
Posts: 2324
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

So good. And Parker is so clever.
Post Reply

Return to “Cryptocurrency”