Here's how I turned $3,500 into millions buying and selling digital art

[zdreg]

The other is GREED. What is your point?

You are mentioning this because you envy my facts or logic?

Why don't you guys lobby Barron so he would make this a safe place for you?

You brought up the subject of banning. You are the one who has the safety issue. among several other issues.

 

[Sprout]

You have a point. In some ways, NFTs can be thought of as penny stocks that are looking for a pump before the dump. But as others are saying, high value collectibles would be a gray area, and I think we all agree that the art world with regards to paintings and other artifacts can be just as speculative.

But just as a penny stock or Enron stock might not be representative of the entire market, NFTs are not representative of the crypto market.

The thing with penny stocks though is that the pump is usually because of some promised future performance that never materializes. With NFTs, there is no future cash flow or promised productivity. Its only promised future higher value. And this is exactly what art is based on. The Picasso painting will never produce anything or pay a dividend, but you wouldn't think of it as a penny stock. So I think most people going into NFTs realize they are only buying it hoping for price appreciation. And in fact, some NFTs might in the future even give you special perks for being an owner. I'm not saying I agree with it all, but for those who see the value, why stop them?

There are financial nft's coming to market. These provide a dividend reward generated from trading fees on a DEX. These nft's are themselves a tradable position in an LP.

In other words, passive income.

 

[zdreg]

DEX.

dex = decentralized exchange.

 

[JackMorgan]

Why would digital caricatures of some contemporary unknown artist cost millions? Would they cost the same if sold in art gallery? What am I missing?

You are missing the big picture
It's called DeEvolution

The quality of humans has been degrading over time .

Each day brings more proof of this

 

[JackMorgan]

Pekelo, you are badly outnumbered dude.

Once again , the Earth is flat and the sun revolves around the moon

This is what you get when you allow anyone to breed

 

[johnarb]

If it was up to Pekelo, he would shut down the whole ET forum. Why?? Because he cannot make any money trading or investing

-------------------

I put a position on $Ape starting at $13.xx and mentioned here on ET I tripled my position at around $16.xx

I mentioned this on the forum

Apecoin is going up in anticipation of the 4/30 Otherside NFT event

Currently, the position is up ~50% in 8 days

Has Pekelo posted valuable info besides complaining about crypto opportunities??

Consider the source

PS: NFT's start out at hundreds of $ and some are thousands of $. Moonbirds started out at $2,500 and went up all the way to over $140K

NFT's are not penny stocks if they start out with those prices and go up to much higher prices, are they??

----------------------

 

[JackMorgan]

Funny how there are so many 'events' in the crypto world .

so exciting

 

[Pekelo]

You brought up the subject of banning.

And you agreed that the analogy was valid. So if we ban pennystocks, why aren't we banning pushing NFTs?

 

[Pekelo]

Pekelo, you are badly outnumbered dude.

Like that ever stopped me? And I am not outnumbered by facts or logic.

Look son, I am a fairly experienced man. I have grown up with not money based postcard pyramids called airplane games (you never heard the term I bet) when your father didn't even know your mother. (I hope your mother knows your father though)/joke

https://en.wikipedia.org/wiki/Airplane_game

Anyhow, that this thing is going to end well has zero chance. I already predicted the end of it, giving it less than a year. I tend to be right about these things. We are just reliving the late 90s.

 

[Trader Curt]

Like that ever stopped me? And I am not outnumbered by facts or logic.

Look son, I am a fairly experienced man. I have grown up with not money based postcard pyramids called airplane games (you never heard the term I bet) when your father didn't even know your mother. (I hope your mother knows your father though)/joke

https://en.wikipedia.org/wiki/Airplane_game

Anyhow, that this thing is going to end well has zero chance. I already predicted the end of it, giving it less than a year. I tend to be right about these things. We are just reliving the late 90s.

Please just shut up