Sold my entire bitcoin holdings to buy NFT's

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

  1. crazyd

    crazyd Well-Known Member

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

     
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  3. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    Even the key dates??? ;)
     
    crazyd likes this.
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    She's really good!
     
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  5. derkerlegand

    derkerlegand Well-Known Member

    That's a fung video!
     
    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.
     
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  8. BasSWarwick

    BasSWarwick Well-Known Member

    Is that a question for me?
     
  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 :)
     
    BasSWarwick likes this.
  10. BasSWarwick

    BasSWarwick Well-Known Member

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

    fretboard Defender of Old Coinage!

    Funny as fung! :D
     
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  12. BasSWarwick

    BasSWarwick Well-Known Member

    Buy at you own peril :joyful:
     
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  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:
     
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  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...
     
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  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    If you can't break someone else's bank, break your own . . .
     
  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
     
    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"
     
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  18. baseball21

    baseball21 Well-Known Member

    NFTs are just digital art essentially.
     
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  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Invest it what you believe in I always say :)
     
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  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?
     
    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
     
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