NFTs, the next wave of stupidity

Discussion in 'Crypto Assets' started by Pekelo, Mar 19, 2021.

  1. Baron

    Baron ET Founder

    Over what period of time did that card appreciate?
     
    #221     Aug 29, 2022
  2. Pekelo

    Pekelo

    70 years. If you think that today's NFTs will be worth that much in a few decades, I have a few thousands to sell for you.

    Buy them for your grandkids! :)

    Maradona's shirt is only 3 decades old, I think, so even you could use that investment in the retirement home.
     
    #222     Aug 29, 2022
  3. Baron

    Baron ET Founder

    Just to be clear, I am a fan of the underlying concept of NFTs but I have never collected much of anything, so I couldn't tell you what's going to be valuable in the future. In fact, a $12 million baseball card seems just as ridiculous to me as any of the expensive NFTs out there.
     
    #223     Aug 29, 2022
    johnarb likes this.
  4. Pekelo

    Pekelo

    I agree. But let' say Maradona's shirt, you can at least wear it during the coming nuclear winter.

    There is a huge difference though:

    Expensive collector items are for HNW individuals for bragging rights, while NFTs (with zero intrinsic values) are pushed on average Joes as good investment opportunities.
     
    Last edited: Aug 29, 2022
    #224     Aug 29, 2022
  5. Pekelo

    Pekelo

    Here is how we know this shit is already over:

     
    #225     Aug 29, 2022
    themickey and d08 like this.
  6. Sprout

    Sprout

    That's an entertaining video.

    While we are on different sides of interpreting this phenomenon, you're not the demographic that sees what the possibilities of the tech.
     
    #226     Aug 29, 2022
    johnarb likes this.
  7. Pekelo

    Pekelo

    Last edited: Aug 29, 2022
    #227     Aug 29, 2022
  8. Overnight

    Overnight

    You need to watch more Pawn Stars on the History channel. ANYTHING that you have that is Star Wars related, in original packaging, is worth at LEAST 10X what you paid for it.
     
    #228     Aug 29, 2022
  9. zdreg

    zdreg

    Bragging rights are like investing in a theatre play or investing in hedge fund becauseWalter Wriston former CEO was an investor. People didn't do their DD( due diligence) They just jumped on the ship. End result the hedge fund went kaput.
     
    #229     Aug 30, 2022
  10. Pekelo

    Pekelo

    Last edited: Aug 30, 2022
    #230     Aug 30, 2022