Sold my entire bitcoin holdings to buy NFT's

Discussion in 'Bullion Investing' started by crazyd, Jan 22, 2022.

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  1. crazyd

    crazyd Well-Known Member

    With the recent plunge in Bitcoin - this video clearly explains how NFT's work.

     
    crazyd, Jan 22, 2022
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    john65999, PassthePuck, CygnusCC and 6 others like this.
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  3. Paddy54

    Paddy54 Well-Known Member

    Even the key dates??? ;)
     
    Paddy54, Jan 22, 2022
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    crazyd likes this.
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    She's really good!
     
    ToughCOINS, Jan 22, 2022
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    crazyd likes this.
  5. derkerlegand

    derkerlegand Well-Known Member

    That's a fung video!
     
    derkerlegand, Jan 22, 2022
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    john65999, CygnusCC, Kentucky and 2 others like this.
  6. BasSWarwick

    BasSWarwick Well-Known Member

    I'm holding my core BTC position, but trading in and out with other lots.
    Just waiting for that magical turnaround which could come soon. Lots of old support at 30k - lets see what happens in the coming days.

    Just don't bet the farm.
     
    BasSWarwick, Jan 22, 2022
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  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Why ?????
     
    mpcusa, Jan 22, 2022
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  8. BasSWarwick

    BasSWarwick Well-Known Member

    Is that a question for me?
     
    BasSWarwick, Jan 22, 2022
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  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    no for the OP, now is the time to buy BTC, economics 101 buy low sell high :)
     
    mpcusa, Jan 22, 2022
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    BasSWarwick likes this.
  10. BasSWarwick

    BasSWarwick Well-Known Member

    Yes agree, between 30-35k looks like a good punt
     
    BasSWarwick, Jan 22, 2022
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    fretboard likes this.
  11. fretboard

    fretboard Defender of Old Coinage!

    Funny as fung! :D
     
    fretboard, Jan 23, 2022
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    derkerlegand and crazyd like this.
  12. BasSWarwick

    BasSWarwick Well-Known Member

    Buy at you own peril :joyful:
     
    BasSWarwick, Jan 23, 2022
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    Two Dogs and crazyd like this.
  13. crazyd

    crazyd Well-Known Member

    Can your bitcoins reproduce like my Cryptokitties ?

    From Investopedia "....Non-fungible tokens are an evolution over the relatively simple concept of cryptocurrencies. Modern finance systems consist of sophisticated trading and loan systems for different asset types, ranging from real estate to lending contracts to artwork. By enabling digital representations of physical assets, NFTs are a step forward in the reinvention of this infrastructure"

    CRYPTOKITTIES ! :cat:
     
    crazyd, Jan 23, 2022
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    john65999 likes this.
  14. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    I've always held to the standard business model:
    Buy high, sell low, make it up on quantity...
     
    Nyatii, Jan 23, 2022
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    john65999 and BasSWarwick like this.
  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    If you can't break someone else's bank, break your own . . .
     
    ToughCOINS, Jan 23, 2022
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    john65999, rte, Two Dogs and 1 other person like this.
  16. rte

    rte Well-Known Member

    I've seen signs on classic cars and ones sitting in people's yards that read NFS
    Not for sale

    I look at nft as not for trade:p
    Hell even the autocorrect corrects nft to not, that tells you something.

    The real breakdown with NFT is you get Nothing For your Time
     
    rte, Jan 23, 2022
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    john65999 likes this.
  17. ToughCOINS

    ToughCOINS Dealer Member Moderator

    That's pretty good, but I'll take it a step further . . . I think of it more as being

    "Not a Fair Trade"​
     
    ToughCOINS, Jan 23, 2022
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    rte and john65999 like this.
  18. baseball21

    baseball21 Well-Known Member

    NFTs are just digital art essentially.
     
    baseball21, Jan 23, 2022
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    john65999 likes this.
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Invest it what you believe in I always say :)
     
    mpcusa, Jan 23, 2022
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    john65999 and crazyd like this.
  20. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    Aren't they anything digital that can't be replaced with the exact same item?
     
    Nyatii, Jan 23, 2022
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    john65999 likes this.
  21. baseball21

    baseball21 Well-Known Member

    You can take a picture of any painting you want to and reproduce it but there's only x number of originals. You'd also need to actually be the owner if you wanted to monetize the image such as using it in an add or selling merch with it
     
    baseball21, Jan 23, 2022
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