A man bought an NFT for $2.9M, then listed it for $48M. The top bid was less than $280

%%
AMAZING-LOL
That's actually one of the few pieces of modern art that actually looks like something; a blind rattlesnake that ate a rat.[The rat is the midpoint bulge]

 

Airdrops are crypto assets that can be claimed by the owners of the NFT's. They are sometimes "dropped/sent" to the crypto addresses that contain the NFT's

Crypto assets are bearer assets

Your difficulty in understanding how the cryptos ecosystem works is because you've never used local crypto wallets and interacted directly with the blockchain using private keys

 

Incorrect, the thing YOU either don't understand or intentionally mislead with is how simple economics of supply and demand work. Nothing is for free. Either you take a lot of risk or something seemingly free is already priced in. That is how economics work and they have worked that way for thousands of years and will continue to work exactly the same way.

 

You're talking about a separate concept. The concept of non-free airdrop due to capital at risk is not something I'm arguing with

Airdrops are similar to one-time dividends which are only given to owners of record of a particular stock of a certain time

The technical requirements to claim/receive the airdrop is ownership of a particular crypto asset (NFT)

 

He should just wait a few months. Then BTC is at $10MM. A lot of billionaires will fight for that NFT. Will be an easy fix...

 

They saw that crypto's did it in past and it worked. So they copy it.
Two things are important:

1. both parties should be anonymous (so they can sell to themself)
   
2. transaction cost should be close to zero (just in case they have to sell several times to themself)

 

There is no doubt that it’s all manipulation. In the stock market during Livermore’s time, it was called “painting the tape.” With the establishment of the SEC, it became illegal.

 

You have it all wrong. This is one pixel that currently sells for more than $750,000

That's a lot of greenbacks for that tiny bit of green.

But this loonbirdmoonbird has a lot more pixels arranged as a work of ineptitudeart at a much lower cost.


That means the astute buyer gets more pixels in their pocket for fewer pesos.

 

I saw people buying nfts of the color blue from vending machines.
Both green and pixel guy - Da Vinci would be jealous of those skills.

 

It looks like a solution searching for a problem.