As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
After seeing its demand of sale I also started to learn from a few weeks and in searching about that I also searched that what is the use of NFT when someone buy it. I found on some articles that many people buy it just to show themselves as rich. They often buy those NFT which had a hype on internet in any time so with buy this they show themselves as big personality. It is the same as a person can buy a watch at $20 for checking time on hand but many people buy high cost branded watches at more than $200 to show to the public about his wealth. 
Topic: Is it just me thinking about this NFT craze this way? (Read 291 times)
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
The fact that the NFT market is pumped to billions, then we can say it's a worthy market and not just non-sense or shit. Many investors come here making it a wealthy and active market. Seeing the volume in OpenSea and AtomicHub, the daily volume is insane.
We can apply here the idea the same with hype altcoins. Let's take part in the opportunity to earn here. There's money here with the right strategy.
I agree, I do not see anything fundamentally important in these assets. I understand that even in games there are unique things that can be very expensive. But in the case of NFT, the price is unjustified and the uniqueness is due to the fact that everyone can make their own items. This goes beyond simply understanding the pricing of these coins.
Even if you will say NFT is just a normal picture file that can be copied and pasted, or only JPEG. The way how it is implemented, how it was minted on blockchain with only limited supply, that's how it become unique for me.
But the way you think how much expensive they are, I am also thinking about it. But that is an art, artists should be rewarded. So it's normal for me.
But the way you think how much expensive they are, I am also thinking about it. But that is an art, artists should be rewarded. So it's normal for me.
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
The fact that the NFT market is pumped to billions, then we can say it's a worthy market and not just non-sense or shit. Many investors come here making it a wealthy and active market. Seeing the volume in OpenSea and AtomicHub, the daily volume is insane.
We can apply here the idea the same with hype altcoins. Let's take part in the opportunity to earn here. There's money here with the right strategy.
Mate, I have thought of that way, but then that's art. Some people think of art as pure rubbish. But NFT has provided a vehicle where art and technology meets(in this case the blockchain). So live the moment while it lasts til it implodes or evolves
Tokenisation itself is a very interesting and promising technology, but you are right - the modern NFT market is full of different kinds of scam and crap. Most of these projects will die in the end of bull market.
Each bear market cleans the cryptocurrency market of scams and weak projects. After large drops in prices, bad projects no longer rise. Those that will be worth investing in the future always go for new ATH. Sure, many NFT projects will just collapse, but I think a lot will remain, and there will still be many investors who make money from it.
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
That not-sense is giving good money to most people already. Can we call it still non-sense?
It's ok to have that kind of view towards something but rather than cry, why not take advantage of the opportunity?
Do you think we can solve that dirty money or illegal shit by not taking part in the NFT craze? That's something we can't stop.
Tokenisation itself is a very interesting and promising technology, but you are right - the modern NFT market is full of different kinds of scam and crap. Most of these projects will die in the end of bull market.
True, there have been some opportunities that made these types of people kind of help them through NFT. And that's why it doesn't stop the rest of us from thinking that this sort of process is going through with that red money on it. But, I'd like to acknowledge those legitimate people that have made a huge profit on it selling their actual arts, that's the wealth transfer that has happened and those folks deserve it as those whales have purchased their works with sums of money.just like any other hype, NFT is no exception when it comes to proliferation of scammers and fraudsters. if you are NFT holder, make sure you are buying a legit item. and has real value in the market. basically, everyone can create their own NFT these days.
some are indeed overwhelming in terms of price, you will think that's unreasonable. but some are buying. we don't know if they know what they are doing or just because they are riding the hype without much info about it
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
What you have to understand is that whatever we have called money or a means of exchange is because we have agreed to call it money and it serves as a medium of exchange for all of us. And that the way we have come together to believe that the picture of a monkey is not just your regular picture with the ethereum block chain. But, the question of being illegal shit or not is a question for another day. NFT will have a negative impact on crypto in future because this use case is really not needed, it has nothing to do with better money or making payments and now billions of money are been spent on them, the most confusing ones are art NFTs just for collection purpose only, why spend money on them
You are right. After I even saw the way you can easily make some of these NFTs from some pictures with some applications making them look like paintings, it all became even more not serious to me cos someone can just tune some picture into whatever and be sold for hundreds of cash. I have not really had much interest in NFTs even though I hear people making money but after what I saw, not interested. 
There are many people who are crazy about NFT, collectors or makers of NFT, maybe this is because NFT is a unique technology that makes anyone interested in getting into NFT, just like games that make addiction, then NFT can also make addiction, if you are a photo collector then you will continue to want to buy, the best way to control is to do social activities such as helping victims of natural disasters.
You are right, in fact one of the biggest markets of the NFT has been the games, but they have not known how to exploit it well, most of them have been taken by many unethical devs scamming many people, which is not correct, without However if things with metaverses, NFT games in metaverses if they don't get better, then I think NFTs will be like those collectible items for people and won't take value until a few years from now, it's kind of like what happens with paintings and works of art, that is my particular perception.
Tokenisation itself is a very interesting and promising technology, but you are right - the modern NFT market is full of different kinds of scam and crap. Most of these projects will die in the end of bull market.
I cannot say that all NFTs are nonsense because some of them are exactly valuable. But I also see that recently, there are many annoying NFTs that are created and sold on some platforms like OpenSea after some viral NFTs (like in my country). And, as usual, some scammers also create fake NFTs to deceive.
Well, actually the concept of NFT is very interesting and valuable enough. Bt as long as the platforms only focus on the income and earning,I think that the main purpose will be changed, and the quality of NFT may be also decreasing.
Well, actually the concept of NFT is very interesting and valuable enough. Bt as long as the platforms only focus on the income and earning,I think that the main purpose will be changed, and the quality of NFT may be also decreasing.
Depends on the NFTs you are going for People that bought bored apes are really going to be super reluctant to sale while most people with nfts like axie will jump the gun as soon as there is a dip in the market because hey axies get born everyday and some are kinda useless for various strategies
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
It's like how other tokens without even fundamentals are pumped, creating a FOMO since it was the current hype. Maybe it looks wrong but since people are getting hype, there's an opportunity to make money out of it.
Don't get those people wrong. It's about good timing and it's effective to others.
Unfortunately, there are people who blindly FOMO at those and they don't know how to ride the wave during the hype.
As good as NFT sounds to me there is another part of me that just feel like NFT is nonsense, crypto investors are pumping billions into a cartoonish looking monkey for what? To store that money or hope to get bigger money later? I smell perfect way of embezzling dirty money, illegal shit and so on
if you ride the hype and invest there earlier, you got a huge profit but if you were investing them during its peak, you'll be getting close to losses. Just looking at their market performance, I feel bad about the future of these NFTs projects especially as these Metaverse projects had been taking their advantage. If we have these NFT's in our wallet, I'm not sure but selling is the best option than holding them for a long time.
I think today's NFT hype is so different from the usual.
at the start of the hype there was a lot of art in it and indeed it had artistic content which was very nice to look at.
but for now I see a lot of NFT which is just for fun and does display pictures that incidentally don't really care about the art where the important thing is that their pictures are for sale.
I guess to say manipulation is indeed very possible for now
at the start of the hype there was a lot of art in it and indeed it had artistic content which was very nice to look at.
but for now I see a lot of NFT which is just for fun and does display pictures that incidentally don't really care about the art where the important thing is that their pictures are for sale.
I guess to say manipulation is indeed very possible for now
We can't avoid this thing to happen as this new craze is now proliferated with scammers. So the likelihood that you will see crap NFT items that are up for sale will always be here. It is up to the buyer how he will do his own due diligence to avoid being screwed. Or better yet, invest your funds to established alts or btc, rather than putting your money at this very high risk investment. I am certain a lot of these NFT collectibles will be worthless in the future.
I think today's NFT hype is so different from the usual.
at the start of the hype there was a lot of art in it and indeed it had artistic content which was very nice to look at.
but for now I see a lot of NFT which is just for fun and does display pictures that incidentally don't really care about the art where the important thing is that their pictures are for sale.
I guess to say manipulation is indeed very possible for now
at the start of the hype there was a lot of art in it and indeed it had artistic content which was very nice to look at.
but for now I see a lot of NFT which is just for fun and does display pictures that incidentally don't really care about the art where the important thing is that their pictures are for sale.
I guess to say manipulation is indeed very possible for now
We can't avoid this thing to happen as this new craze is now proliferated with scammers. So the likelihood that you will see crap NFT items that are up for sale will always be here. It is up to the buyer how he will do his own due diligence to avoid being screwed. Or better yet, invest your funds to established alts or btc, rather than putting your money at this very high risk investment. I am certain a lot of these NFT collectibles will be worthless in the future.
I think current NFTs has moved from what they were originally created for. Now people create and place NFT on a marketplace, with an idea to find a person or an idiot who would buy it for a highest price. People dont create art because they want to and like it (the process), but turned this all into a conveyor hoping to foist their minute spent picture to a newbie.
Recently I saw a guy who took pictures of himself for several year, turn them into NFT and sold at opensea. That is a good example of NFT craze. As not one, not two, but a lot of these NFT were bought.
Sometimes I even consider picturing some objects and selling them as NFT, totally random objects. With the only goal, get some easy money.
Recently I saw a guy who took pictures of himself for several year, turn them into NFT and sold at opensea. That is a good example of NFT craze. As not one, not two, but a lot of these NFT were bought.
Sometimes I even consider picturing some objects and selling them as NFT, totally random objects. With the only goal, get some easy money.
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