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lezinterracial

01-22-2024 08:18 PM

The NFT Phenomenon - Who were the winners and losers?

The NFT Phenomenon - Who were the winners and losers?

I remember it was so odd. A guy named Beeple was making tons, Why him?
Not such a big following, People were saying he deserved it cause he helped people.

But Blender Guru, Who has more of a following and has helped more people. He wasn't making anything off NFTs.

Huggles

01-22-2024 09:06 PM

So many people lined up to get scammed... who was that guy that dumped like 2 million into the bored ape? I remember reading about some guy who bought a ton of them and was shocked that he lost money...

Huggles

01-22-2024 09:19 PM

https://www.theguardian.com/technolo...ey-sina-estavi

Quote:

Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9m for an NFT of Twitter boss Jack Dorsey’s first tweet. But his efforts to resell it have run aground, with a top bid of just $6,800 as of Thursday.

The initial purchase was at the time among the most expensive sales of a non-fungible token, or NFT, and came amid a flurry of interest in the niche crypto assets.

Estavi put the tweet up for resale on the popular NFT marketplace OpenSea last week, initially asking for $48m.

That price tag was removed after offers in the first week were in the low hundreds of dollars. As of Thursday, the highest bid was 2.2 of the cryptocurrency ether – equivalent to about $6,800.

fuzebox

01-23-2024 12:30 AM

A friend who runs an NFT marketplace told me that NFT and altcoin buyers are degenerate gamblers playing with house money who are just hoping for one more moonshot.

jscott

01-23-2024 12:26 PM

NFT's & altcoins are gambling, they're not for long term HODLing. SO take your profits in Bitcoin. Anyone into those, best of luck!

2MuchMark

01-24-2024 08:48 AM

Quote:

Originally Posted by jscott (Post 23223267)

NFT's & altcoins are gambling, they're not for long term HODLing. SO take your profits in Bitcoin. Anyone into those, best of luck!

^^ Good advice. ^^

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