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Started By
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re: Looks like you can't make money long term by selling NFT JPEGs
Posted on 1/5/23 at 6:05 am to SlowFlowPro
Posted on 1/5/23 at 6:05 am to SlowFlowPro
quote:
You have lived through baseball cards, comic books, and beanie babies
Hello kitty is still big.
0
Posted on 1/5/23 at 6:07 am to saintforlife1
JPEG NFTs are stupid, but the technology is useful for many other things.
Posted on 1/5/23 at 6:07 am to LegendInMyMind
quote:
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.
IMO it’s the same as art.
Why is my art worth less than Hunter Biden? What value does a painting from a crackhead actually have and how will it hold that value?
Posted on 1/5/23 at 6:20 am to dgnx6
quote:
Why is my art worth less than Hunter Biden?
What has your dad ever done?
Posted on 1/5/23 at 6:30 am to saintforlife1
It's a shame the term NFT is so tainted by the JPEG craze.. NFTs bring proof of ownership and validity to things and cut out middlemen the same way cryptocurrency cuts out the middlemen for money.
JPEGs were the first big deal with them but it's one small use case. Music will be another. In the future we'll likely have NFTs to represent ownership for important documents too, and won't really have a need for notaries and witnesses for marriage, mortgages or titles, for example
This was always my take too. Art market on steroids because most of the NFT are projects were accessible in price to more people at mint.
JPEGs were the first big deal with them but it's one small use case. Music will be another. In the future we'll likely have NFTs to represent ownership for important documents too, and won't really have a need for notaries and witnesses for marriage, mortgages or titles, for example
quote:
IMO it’s the same as art.
This was always my take too. Art market on steroids because most of the NFT are projects were accessible in price to more people at mint.
This post was edited on 1/5/23 at 6:34 am
Posted on 1/5/23 at 7:57 am 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.
I wonder how the sucker who bought their stake feels today after reading this.
Posted on 1/5/23 at 8:10 am to DownSouthCrawfish
quote:
It just never made sense to me. Why pay for something I can just screenshot and save in a folder?
This is the way it was explained to me. Imagine owning and having the real Mona Lisa hanging in your house versus having an exact replica of the Mona Lisa hanging in your house.
The problem is every dumb frick thought they were buying the real Mona Lisa when they bought an NFT.
Posted on 1/5/23 at 8:29 am to SlowFlowPro
quote:and garbage pail kids.
You have lived through baseball cards, comic books, and beanie babies
Posted on 1/5/23 at 8:31 am to LSUBoo
quote:
don't feel sorry for anyone who sunk money into NFTs.
The money board has quite a few
Posted on 1/5/23 at 9:08 am to Hulkklogan
You make good efforts in these threads but this is a harder topic to explain over just regular crypto, which is practically impossible to explain to the masses on here
Posted on 1/5/23 at 9:30 am to Deactived
Ahhh the masses on here could never grasp the nuances of your Punks huh Jonsey...
You should try tucking that illusory superiority in, it looks sloppy Baw
You should try tucking that illusory superiority in, it looks sloppy Baw
Posted on 1/5/23 at 9:32 am to SuperSaint
What? There's nothing nuanced about nfts or crypto in which hulk was talking about
Stop trying to sound smart or get a pointless dig in
Stop trying to sound smart or get a pointless dig in
Posted on 1/5/23 at 9:43 am to Deactived
quote:That’s a pretty disingenuous post to link compared to what you stated in the rest of that thread about the nft’s you purchased, why they had value, and how much money you could sell them for.
Here is me a year ago saying theyre going to be worthless
You linked the one post where you hedged in a thread you mostly argued for the value of nfts.
Posted on 1/5/23 at 12:02 pm to WDE24
And the Solana value of them hasn't changed and has gone up in some of them.
The attached crypto went down
The attached crypto went down
Posted on 1/5/23 at 12:09 pm to fallguy_1978
quote:
If any of y'all want to take this off my hands let me know
*right click*
*save as*
nice doing business with you
Posted on 1/5/23 at 12:49 pm to saintforlife1
I FOMO’ed into some shitcoins once and it was a very valuable lesson. Sure, someone somewhere at some point got rich on this bullshite, but it’s not going to be you. I don’t care how much you “do your own research.” I’d rather sit at a blackjack table.
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