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re: Looks like you can't make money long term by selling NFT JPEGs
Posted on 1/4/23 at 9:13 pm to saintforlife1
Posted on 1/4/23 at 9:13 pm to saintforlife1
I’m glad I was to dumb to figure out what an NFT was. Sounds like I saved myself some money
0
Posted on 1/4/23 at 9:16 pm to chalmetteowl
quote:
NFTs were just gonna be another way of saying “it’s a club, and you ain’t in it”. This was gonna be like a country club for tech bros, and you’d have to have the right NFTs for acceptance in their world.
Just following the way of crypto in general with new projects.
quote:
You are going to end up being very close to right
Hell we are pretty much there now
Posted on 1/4/23 at 9:18 pm to saintforlife1
quote:
Fanatics sells it’s 60% stake in NFT company Candy Digital. CEO wrote "Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business” in the internal email.
Yeah no shite Sherlock. This was obvious from the jump.
I am constantly amazed at how so many tech bros are a weird arse combination of incredibly smart and mind numbingly stupid.
Posted on 1/4/23 at 9:19 pm to saintforlife1
Sounds like Standard Lithium sentiment
Posted on 1/4/23 at 9:23 pm to Deactived
quote:
Ive said plenty of times 99.99% of nfts are going to be worthless
NFTs became the hot thing.
Jones: If you think they are worthless then you just don't understand.
NFTs get exposed.
Jones: I knew that shite was going to happen. That's why I invested in them.
Posted on 1/4/23 at 9:25 pm to saintforlife1
quote:
"Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business”
I've asked numerous times, pertaining to art photography NFTs exclusively, how the secondary market has been going with them. Not many people want to talk about it.
It is one thing to ride a wave and sell a bunch of photographs that prior to the NFT craze had minimal value. It is an entirely different thing when you start speculating on real value. There has to be a real collector's market with demand if those NFTs are to carry value and appreciate. That market didn't really exist to any scale prior to NFTs coming along. Not many people speak on that, and accounting for the fact that a big part of NFT allure has been the percentage an artist gets at every resale. Well, if the pieces can't be sold, especially for profit, that shoots a big ol' hole in the NFT boat.
This post was edited on 1/4/23 at 9:28 pm
Posted on 1/4/23 at 9:28 pm to Dr RC
quote:
I am constantly amazed at how so many tech bros are a weird arse combination of incredibly smart and mind numbingly stupid.
They specialize in whatever makes them “tech”… it’s why they call people like us fans of “sports ball”. If they do root for a team they have to ask basic questions about what they’re watching
Posted on 1/4/23 at 9:33 pm to saintforlife1
Stupid people and their money - Ill just never understand the craze. Eventually the Funko pop toys are going to collapse and a lot of adult sized children will be in shambles over it just like how GenX was over beanie babies.
Posted on 1/4/23 at 9:52 pm to Darth_Vader
Actually
You’re fine it’s basically I told you so!
You’re fine it’s basically I told you so!
Posted on 1/4/23 at 9:59 pm to saintforlife1
quote:
it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business
Posted on 1/4/23 at 9:59 pm to saintforlife1
quote:
Fanatics sells it’s 60% stake in NFT company Candy Digital. CEO wrote "Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business” in the internal email.
No shite lol
Posted on 1/4/23 at 10:12 pm to SlowFlowPro
quote:
You have lived through baseball cards, comic books, and beanie babies
as well as cabbage patch dolls, teenage mutant ninja turtles and break dancing
Posted on 1/4/23 at 10:12 pm to kengel2
quote:
And never once did it cross my mind to spend millions on A PICTURE OF one.
FIFY
Posted on 1/4/23 at 10:18 pm to Horsemeat
quote:
Stupid people and their money - Ill just never understand the craze. Eventually the Funko pop toys are going to collapse and a lot of adult sized children will be in shambles over it just like how GenX was over beanie babies.
There’s a collectors market for Funko Pops?
I figured those things were just cat nip for the CONSOOMERs, and for the normies, it’s a way to “be a part of the current thing”.
This post was edited on 1/4/23 at 10:19 pm
Posted on 1/4/23 at 10:48 pm to SonicAndBareKnuckles
Theres a physical store dedicated to those things in Slidell.
Posted on 1/5/23 at 1:46 am to Darth_Vader
quote:
With each passing day I get further and further away from being able to understand what this world is becoming.
I hear you man. I still don't entirely understand what an NFT is.
Posted on 1/5/23 at 1:53 am to Dr RC
quote:
I am constantly amazed at how so many tech bros are a weird arse combination of incredibly smart and mind numbingly stupid.
That goes for any group in a narrow field that requires esoteric knowledge. They tend to get detached from reality. If you've ever been cornered at a party by a neurosurgeon espousing his social-political-economic views...
Posted on 1/5/23 at 5:51 am to Jim Rockford
This is a shocking turn of events.
People don’t want to own those awesome ape pics as a long term investment? I thought people were going to hang them on their digital wall and impress all their dinner party guests.
Seriously, props to folks who got in early on the scam and made money.
People don’t want to own those awesome ape pics as a long term investment? I thought people were going to hang them on their digital wall and impress all their dinner party guests.
Seriously, props to folks who got in early on the scam and made money.
Posted on 1/5/23 at 5:59 am to LSUBoo
quote:
I don't feel sorry for anyone who sunk money into NFTs.
I don’t either but they all knew it was bullshite, the whole scam was to just not be the last person caught holding the bag. Anyone sincerely trying to argue the actual value of an NFT is an idiot.
This post was edited on 1/5/23 at 6:00 am
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