Posted by
Message
rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
degen apes on sol were minted a few weeks ago for 6 sol. current floor is 13 sol

that's double profit in a couple weeks

next big drop for sol is badgers (I can't say whether or not it will take off like the others)


WDE24
Yale Fan
Member since Oct 2010
49398 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

but you can easily flip 1000x your buy in, in some situations, if you're just a flipper

Yeah, I can easily see where a flipper with a little due diligence can make some money here. I’m just curious about what holds value in the nft world 10, 15, etc years from now and how that shuffles out and how to try to evaluate that now.


Replies (0)
Replies (0)
00
slackster
Stanford Fan
Houston
Member since Mar 2009
74459 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I think the long term value of these as investments are basically nil, but clearly the short term pump and dump nature is alive and well.


slackster
Stanford Fan
Houston
Member since Mar 2009
74459 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

but you can easily flip 1000x your buy in, in some situations, if you're just a flipper


No, you cannot easily flip 1000x your buy in.


rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
you're one of the worst investors on this board tho ...so what does that tell us?

you bought Bitcoin/crypto at all time highs this year after criticizing it since 2016

lesson there
This post was edited on 8/23 at 5:22 pm


slackster
Stanford Fan
Houston
Member since Mar 2009
74459 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

you're one of the worst investors on this board tho

so what does that tell us


, sure.

quote:

you bought crypto Bitcoin/crypto at all time highs this year after criticizing it since 2016


I’m up 25% on my crypto account. I didn’t see bitcoin lasting as a currency, and, lo and behold, I was right - Bitcoin still has no practical use as a currency. However, I woefully underestimated the stomach for volatility of the longs, and that ultimately turned bitcoins into a digital gold that I didn’t think could/would materialize.

Regardless, you said yourself in this thread that the long term viability of NFTs as a group is highly suspect, so I’m not sure why you’re arguing.


rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Regardless, you said yourself in this thread that the long term viability of NFTs as a group is highly suspect, so I’m not sure why you’re arguing


seems reasonable to believe 1-5% of NFTs will be very valuable long term, just like Bitcoin/crypto. while you seem to be dismissing the entire thing?

we also have opportunities right now to get in on the ground floor. so risk;reward makes sense

short term it feels toppy tho.




slackster
Stanford Fan
Houston
Member since Mar 2009
74459 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

while you seem to be dismissing the entire thing?


Maybe.

I just really struggle to see the long term appeal of an ape avatar, even if I can appreciate the value NFTs will bring to practical use in real life, such as ticketing.

While bitcoin and blockchain technology are two separate concepts, the fungible aspect of it actually helps it derive value as a digital gold. With NFTs you need people to like your very specific piece, and unlike other collectibles, there is basically no threat of “spoilage”. If there are 10,000 Apes, there will always be that many. The scarcity is manufactured and will never get better for a buyer, yet the manufacturer only gets paid on the original listing (to my knowledge). That disincentivizes scarcity over the long haul.


rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

yet the manufacturer only gets paid on the original listing (to my knowledge


naa they get a cut of every sale in the secondary market

so there are incentives to pump/market

this is why it's important to find projects with active and committed developers
This post was edited on 8/23 at 7:00 pm


Replies (0)
Replies (0)
02
rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

current floor is 13 sol



16 now


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
down time
Member since Oct 2013
970 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Can you recommend any on eth or bnb?
airnfts is live on smart chain btw.


BigPerm30
Chicago Cubs Fan
Member since Aug 2011
18158 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Can someone explain to me how a crypto currency like Sol can have a $2 quadrillion market cap? I just don’t understand


rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
(no message)
This post was edited on 8/24 at 6:46 am


TigeRoots
New Orleans Saints Fan
Member since Oct 2008
7669 posts
 Online 

re: OFFICIAL NFT Thread - FAQ and Drop Information
The squiggle lines I really don’t get. The apes/punks are cool but I would have had no clue the squiggle lines would take off like they did/are. I never had an eye for expensive art!


Replies (0)
Replies (0)
00
Ross
Auburn Fan
Member since Oct 2007
44838 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I think the single best use case of NFTs I can think of in terms of solving practical issues is providing certificates of authenticity to things like specific photographs or videos by public officials or security footage and the like, because it will solve the deep fake problem once and for all because we will have the ability to verify the picture or video as the original copy and point to the specific time it was logged on chain. There are other very promising uses for NFTs in the same vein with the whole “certificate of authenticity” angle but I like the example I just cited the best.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
78030 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Can someone explain to me how a crypto currency like Sol can have a $2 quadrillion market cap?
They dont?


Replies (0)
Replies (0)
00
JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I see people are still rustled. Good job!!!


Replies (0)
Replies (0)
10
rocket31
Toledo Fan
Member since Jan 2008
39685 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
rich people love to display their wealth; this is just another medium to do so

it's going to take a lot potential value from BTC too. imo
This post was edited on 8/23 at 8:38 pm


Ross
Auburn Fan
Member since Oct 2007
44838 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
plenty of value to go around if the market cap is going to get as large as we think it is


Replies (0)
Replies (0)
00
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
7513 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Doubtful unless Wall Street can somehow lend it with leverage


Replies (0)
Replies (0)
00
Jump to page
Page 1 2 3 4 5 ... 40
Jump to page
first pageprev pagePage 2 of 40next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram