re: OFFICIAL NFT Thread - FAQ and Drop Information

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

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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.

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

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

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

so what does that tell us

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, sure.

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

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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.

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while you seem to be dismissing the entire thing?

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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.

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current floor is 13 sol

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16 now

Can you recommend any on eth or bnb?
airnfts is live on smart chain btw.

(no message)

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.

I see people are still rustled. Good job!!!

plenty of value to go around if the market cap is going to get as large as we think it is