What NFT's are you all buying?

Highly suggest ya go snag one if you’re a fan, these are great long term holds and not a normal pump and dump flip.

0.08 + gas fees for a mini puff(wish it was on solana network but that’s another story in its self).

This team did Stoner Cats and Oni Ronin series too. Stoner cat came with some cartoon episodes that get revealed over time if you own one. The Oni series had incredible samurai art and they could “ascend” in a trial and they either became a rarer ascended golden ronin or they perished into a cool ghost.

They do a great job gamifying each one.

I personally snagged these solely because it has utility and it’s licensed by Sony and on the GB website (unlike 95% of most projects). So I feel a fan will want these

Yes, you would still have to pay capital gains tax on it.

Seems relevant to this thread.

I’d rather spend my money in the casino. At least I can earn comp dollars at the casino if I’m going to waste my money

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I am spending zero actual money on NFTs until laws are changed o enforce copyright protections through blockchain. Then I want to buy Mariah Carey’s " All I want for Christmas is you" in NFT form. Damn thing already started playing everywhere…

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As much as I don’t understand NFT’s I’m astonished to hear that someone paid 2.5 million!! on a plot of virtual land in decentraland. Crazy times

Don’t waste your time. It’s nothing but a gigantic bubble. They are trying to create a market based off of “fear of missing out”. That’s all this NFT market is about. Once the asset bubble pops allnasset classes including NFTs will collapse in price.

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NFTs are simply an immutable record that you gave someone money for literally nothing in return.

It’s a grift refined down to its purest essence.

At one time, grifters were selling pieces of the Brooklyn Bridge. This is the modern version of that.

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So I should stop trading assets and sit on my thumb bc every market is a complete bubble? Sure I might get stuck holding a bag or two but the gains you’ll miss out on should easily make up for that. We printed 10 trillion, this bubble could last 5+ more years, in that time fiat is gonna lose at least 20% of its current value IMO.

I’m not into nfts but there are people getting rich, so as an investor that like diversifying I would say it’s def not stupid to have some nft exposure. I didn’t understand Bitcoin in 2008 and it took me until 2010 to dip my toes in that. Glad I did buy those first 10 btc for $50 each. I’ll never sell them either. I have gotten in and out of many other coins that I would have prob been better off just holding but hindsight is 20/20.

Lots of kids in their 20s are getting huge inheritances from their parents right now (see the exotic car market). The future is very uncertain of where that windfall of trillions will go. So following trends can make you a great deal of money. One things for sure interest rates are going back to where they were in the 80s, so best not invest like they are…

This is where a huge amount of capital is moving. Plan accordingly. People pay $200 entrance and $30 for a drink here…

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Good job on BTC at $50. Spending $500 on something so experimental is brave and I wouldn’t have done it and I’m a risk taker. I saw bitcoin and was like SCAM…I was so wrong lol

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I still think it’s a scam, I’m not buying more at these prices! I’m a gold/silver guy

I also had a tenant when btc was in the 500 range asking if he could pay his $2000/mo rent in it. By my estimates his 24000 rent that year is worth around 1.5-2 mill. Haha.

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Easy to estimate that 99% of NFTs won’t make it. If you believe that this sector of the market might be a safe haven when other asset classes pull back, correct or even collapse you will he proven extremely wrong. NFTs are just a class of investments that new investors want to be in because they believe since they missed out on cryptocurrencies that need to be in this newest craze. If cryptocurrencies collapse which they will again NFTs will fall just as hard and just as fast. People want to believe this is the future but to be honest it’s not going to be.

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There is nothing to understand. It is the most asinine thing ever created. They have no value and the whole thing will crash on its ass. It has to be a sign of the apocalypses that people buy this crap.

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99.9% in the long run.

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I knew BTC was going to be brought up here. Bitcoin is many things and it is the first to solve the Byzantine General’s Problem and combat double spending. I 100% gurantee you it is not a scam.

Depends what you consider a scam. I’m almost positive it’s not an organic movement. Most likely it’s just a beta test for govt backed digital currencies. DARPA has been testing these as early as the mid 90s

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm#Introduction

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I have a cool picture of a bridge to sell you.

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A lot of Bitcoin’s origins are from the original cypherpunks that help create the Internet, and the idea dates back the late ‘70s. On it being govt backed, no one knows who Satoshi Nakamoto is and it could be single person, group of people, or agency. However whoever Satoshi is, they gave up the master key and will not be able to get back in to the network.

Hopefully this explains NFTs :grinning:.

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https://elevenews.com/2021/11/18/australian-man-just-pirated-all-nfts-on-ethereum-and-solana/

Please dont spend hard earned money on NFTs.

It’s basically just another way for rich people to show and flaunt their wealth. There’s no real value to them. This is pure realized capitalism.

“I have tens of billions of dollars, but I don’t know how to spend that money, I’ll buy whatever costs a high price.”

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