Topic: Buy BTC sold for 16 BTC-1 mil USD - page 2. (Read 1494 times)

In the future more painting and more artwork from Bitcoin will certainly come up and people will spend reasonable amount of money in just having it for themselves. The other day, kylian Mbappé spent a whooping sum of £520,000 for a painting of king pele of Brazil. https://www.getfootballnewsfrance.com/2024/kylian-mbappe-spends-e520000-on-a-painting-of-pele/
As time goes on, people will always spend good amount of money for something they have passion for or can identify their passion with. You and I can actually put up a nice painting of Bitcoin logo that can be eye capturing with all the aesthetics, and we decide to auction it online for people to bid for it, don't be surprised we will see somebody that will be ready to spend a fortune just to get that piece of artwork in his house.

Just too much of it especially for NFTs
I've been thinking about what could be next highly  priced items
Maybe an Art of  the first commercial  transaction  that made btc well known till today.... The Pizza BTC art could  be made in a dynamic way  

Just too much of it especially for NFTs
I've been thinking about what could be next highly  priced items
Maybe an Art of  the first commercial  transaction  that made btc well known till today.... The Pizza BTC art could  be made in a dynamic way  

I was thinking, you know bitcoin has an original logo before someone else designed this new logo anonymously, you can check that out in bitcoin history.

The original logo was BC engraved on a coin.



But i think it would be best as an overpriced Nft

What do you think?



I hardly think this was used for money laundering, no money laundering would buy an under valued piece of art if his intention was to sell it back unless there was already a plan between him and the seller to in some way get his money back behind the sence after the deal is done.

This is a mere piece of paper just written buy bitcoin on it and someone payed millions for it, the whole senerio looks more like a flaunting or showing off of money than some set up stuff, so I would disagree with you.

I was thinking, you know bitcoin has an original logo before someone else designed this new logo anonymously, you can check that out in bitcoin history.

The original logo was BC engraved on a coin.



But i think it would be best as an overpriced Nft

What do you think?

Thx … learning something again… been involved long in the bitcoin space and didn’t knew that logo thx

But still an NFT will always have a dicy side … that market will have to figure out there prices first before they come to there true value

I do believe there can be a market for it and people collecting etc
But at this time there is to much crap being created and to many collections of just some dumb shit etc

But at some point there will maybe be very unique things with a value and purpose…

But at this time there is to much crap being created and to many collections of just some dumb shit etc

What makes some whales spend money the way they do is not that they do have it so much so that they don't know what to do with it  but some just care so much about history to the extent that they just want their path or name to be held in history even after they have long gone by doing what other whales that don't give a damn about history wouldn't bother about despite how wealthy they are.

Just as you had rightly said, "that it's now a thing in your book of significant happenings",
and this is not just you doing this there could be a thousands of  others that would have also saved the date as significant too. And probably that was what the buyer of the piece had visioned in mind before taking the step to acquire that sign. And achieving this aim alone could be sufficing to him more than what he would probably sell it for in the future.

Re: Buy BTC sold for 16 BTC-1 mil USD

I was thinking, you know bitcoin has an original logo before someone else designed this new logo anonymously, you can check that out in bitcoin history.

The original logo was BC engraved on a coin.

But i think it would be best as an overpriced Nft

What do you think?

Although to me I don't feel like it's some kinda  investment but if someone sees it that way then he/she is free to invest like you said what  feels like a $1 might look like a $1000 for another

Its all a part of an investment risk just as any other investment you may know, the value go could peak high or get wasted low with years. All about these paper is that the source of it's value are the people and the people's view towards it is a veritable determinant in driving it's value. You could be shocked that the sign could worth beyond $2m in next 3yrs the next time it appears again on auction.

Manipulation too is another ploy used in giving value to some of these collections, they could just make it disappear from public for quite a long time and boom, one day they just showcase it into the market and you see a lot of hands bidding for it therefore topping it's value.

This also can be a reason and something to consider... But I don't think its on all the occassions

In crypto-BTC related stuff i'm curious which will be the next highly priced items (only the exectional stuff) if something comes up you can always share it here...

This also can be a reason and something to consider... But I don't think its on all the occassions

I wouldn't pay this amount for an item as well... but I did pay more for certain things as what they where worth initially. Not the nrs worth mentioning like the paper etc.
Now in wealth comparison what for me is 1k can easily feel the same like 1m for somebody else ... so being super rich is a factor. 1k and 1m being the same feeling for different people comes in play.
I would say even if i'm the richest person in the world I wouldn't pay for such thing... But maybe when i'm in debt or have 0 savings I would say the same for an article of a few 1000 dollars... So not being the richest kind of people makes us say we wouldn't buy such things. But what if we where among the richest then certainly some kind of guilty pleasure would come in mind something we crave for... I think most people wouldn't give it all up for charity and maybe give a small part up for it, but surely most people would buy the stuff they want. Could be luxury items or crazy houses and holidays etc... But actually buying things like the paper isn't that bad bc it cover some important aspects it could serve as a guilty pleasure that makes you happy and being an investment at the same time, not losing wealth and being an investment at the same time... There are so many ways of discussing these things that it becomes more and more intresting.
On the one way I would say never buying on the other way I would say its a genius thing to buy.

I am pretty sure that this is yet another attempt for money laundering and nothing more, or maybe just a method to tax deduction and nothing more. Those two reasons are quite common in the art world, when you see something and it goes for a million dollars and say "this painting is just red canvas and nothing more!!  how could it be a million dollars!!" well that is the point, they do money laundering, and artists are aware of it and in on it.

You end up paying that much, and you launder the money, OR you just pay that much, and deduct that from tax, then give it to your friend for two million next year, who deducts it, and then he gives... and it goes on. Real art and fake art are obvious from each other, you will understand the reason when you see a fake one. This smells the same way.

I wouldn't pay this amount for an item as well... but I did pay more for certain things as what they where worth initially. Not the nrs worth mentioning like the paper etc.
Now in wealth comparison what for me is 1k can easily feel the same like 1m for somebody else ... so being super rich is a factor. 1k and 1m being the same feeling for different people comes in play.
I would say even if i'm the richest person in the world I wouldn't pay for such thing... But maybe when i'm in debt or have 0 savings I would say the same for an article of a few 1000 dollars... So not being the richest kind of people makes us say we wouldn't buy such things. But what if we where among the richest then certainly some kind of guilty pleasure would come in mind something we crave for... I think most people wouldn't give it all up for charity and maybe give a small part up for it, but surely most people would buy the stuff they want. Could be luxury items or crazy houses and holidays etc... But actually buying things like the paper isn't that bad bc it cover some important aspects it could serve as a guilty pleasure that makes you happy and being an investment at the same time, not losing wealth and being an investment at the same time... There are so many ways of discussing these things that it becomes more and more intresting.
On the one way I would say never buying on the other way I would say its a genius thing to buy.

On the one way I would say never buying on the other way I would say its a genius thing to buy.

To be honest, 16 is not a small amount, for those who don't know clearly and then find out about the reality, maybe they will feel that they are dreaming and may even faint. However, considering that BTC tends to be profitable, in the long term it will definitely be profitable. because I think BTC is something that is developing all the time, even though there are times when it goes down, it doesn't rule out the possibility that it will rise again skyrocketingly.

Of course, everyone's priorities are different and I don't think that's a problem, the important thing is to respect each other. with those who can buy it, I think they are rich people who are really rich, of course they do this and they must have certain reasons, maybe like collecting them.