Topic: NFT Speculation - page 5. (Read 1083 times)
honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.
Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?
I think you are missing the point, forget the art for a moment. Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?
Aside the fact it's more then abut jpgs, explaining NFTs makes me feel nostalgic because it's like explaining altcoins to my friends in year 2014. Basically same phrases over and over just because it's a new concept.
"Why would it be worth anything", "Value isn't based on anything", "It's a ridiculous scam", "Probably money laundering", "Why wouldn't i buy stocks instead?", "I'll keep using cash money".
And after a while "If i only had invested back then i would be millionaire". Thing is, these people never invest in the bottom because in the bottom everything is scam for them.
Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?
NFT as a general is not something that will go up if you ask me. It was a big hype but that's it, as soon as hype died, the whole NFT space died and will not recover. The idea wasn't liked all that much anyway, it was used to make more profits and people bought and sold to make a profit but not because they enjoyed it or liked it or found it logical, they did it purely for money.
Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.
This is something you can't say for sure. NFT hype crashed with the rest of the market and it would be weird to assume it wouldn't crash with it. And since there's only one real market cycle so far for nfts, we are in uncharted waters. I am thinking that some of the nft projects will come back bigger then ever. Some will obviously die like most of the altcoins. NFTs still have way more activity and volume then 2019 when i started buying them Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.
https://www.theblock.co/data/nft-non-fungible-tokens/nft-overview
NFT as a general is not something that will go up if you ask me. It was a big hype but that's it, as soon as hype died, the whole NFT space died and will not recover. The idea wasn't liked all that much anyway, it was used to make more profits and people bought and sold to make a profit but not because they enjoyed it or liked it or found it logical, they did it purely for money.
Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.
Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.
Right now I don't have interest in any NFTs, because I don't see potential on the available ones for the future.
Before I went for Axies and Lost Relic's NFTs, as I was willing to try the games. However, the lack of updates and news made me lose the will for playing. Anyway, I don't regret having purchased those NFTs, as they proportionated me entertainment, and in the case of Axies some profit as well, while I was playing.
Now I expect NFTs may revive once more in the next bull run, with new projects related to the gaming industry. That is the condition I can think right now which could lead me to invest on this crypto category again.
Before I went for Axies and Lost Relic's NFTs, as I was willing to try the games. However, the lack of updates and news made me lose the will for playing. Anyway, I don't regret having purchased those NFTs, as they proportionated me entertainment, and in the case of Axies some profit as well, while I was playing.
Now I expect NFTs may revive once more in the next bull run, with new projects related to the gaming industry. That is the condition I can think right now which could lead me to invest on this crypto category again.
As expected the trump nft just corrected itself https://www.coingecko.com/en/nft/trump-digital-trading-cards
NFTs made quite big fortune and also they have had big hype in coming years and some people made big fortune too. But when I heard that there was NFT storm than I ignored it and I just not bought a single NFT, cause I know if someone will not buy my NFT than it will be useless. Cause they are not like a crypto where we can sell at market price even though these crypto price is too low.
Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.
It was the NFT creators who made big money and not the NFT itself. NFT is only a general term, same with the ICO, De-Fi and others and just like them, the NFT's are also made up mostly with hypes and scams. There are successful investors/traders who made a fortune with NFT but I think their numbers are only small. This is because they are much harder to sell or flip, not unlike to a typical crypto (as you said).Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.
Didn't knew that JB was sued because of an NFT but why I did not heard it in the news? Do you have a source about it? Justin is a busy and rich person so I don't think he will risk is his reputation on these shady NFT's. Maybe it's only a FUD made by the NFT/APE-NFT haters.
https://www.billboard.com/pro/justin-bieber-weeknd-bored-ape-lawsuit-nft-scheme/
Justin Bieber and The Weeknd Sued Over Alleged Bored Ape NFT Scheme: ‘Drastically Inflated Prices
Just as expected when the time which hypes settles down then expect that this would really happen.
If you are recommending something and ending up lots of people had purchased and ends up on for those value
to go to the floor then it would really be just be blamed on you.
NFTs made quite big fortune and also they have had big hype in coming years and some people made big fortune too. But when I heard that there was NFT storm than I ignored it and I just not bought a single NFT, cause I know if someone will not buy my NFT than it will be useless. Cause they are not like a crypto where we can sell at market price even though these crypto price is too low.
Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.
It was the NFT creators who made big money and not the NFT itself. NFT is only a general term, same with the ICO, De-Fi and others and just like them, the NFT's are also made up mostly with hypes and scams. There are successful investors/traders who made a fortune with NFT but I think their numbers are only small. This is because they are much harder to sell or flip, not unlike to a typical crypto (as you said).Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.
Didn't knew that JB was sued because of an NFT but why I did not heard it in the news? Do you have a source about it? Justin is a busy and rich person so I don't think he will risk is his reputation on these shady NFT's. Maybe it's only a FUD made by the NFT/APE-NFT haters.
Besides bitcoin, I don't see any viable project as you say and moreover, the government is strong enough to do whatever it takes to stop even decentralized exchanges without single identity. If they don't manage it, then they will destroy it, that's what the government will do.
We still live in a world where the government has the highest power and our world is still centralized, so I don't think anything will set us free. Bitcoin is a great invention, it has given us more rights to our property, but that doesn't mean decentralization is sacrosanct for them.
We still live in a world where the government has the highest power and our world is still centralized, so I don't think anything will set us free. Bitcoin is a great invention, it has given us more rights to our property, but that doesn't mean decentralization is sacrosanct for them.
How to stop true decentralized exchange that is nothing more than an open source code? Smart contrant that people use to transfer founds from anonymous walet xx to anonymous wallet yy. What will they do? Ask every single person who copied code to delete it?
"The Streisand Effect Proves When You Try to Hide Something on the Web, Everyone Sees It"
Beyonce paid milions to remove this picture from internet:
its still here.
government can take down centralized indentity only and only in its jurisdiction.
And they dont care if you swap one worthless shitcoin to another one. They care about fiat/crypto getaways.
Once the regulations are in place, that means they will regulate the entire crypto industry, not just centralized projects. Defi or any decentralized project today created and managed by individuals, organizations, or companies, regulation has never been difficult for the government.
Defi created and managed by single person/company is not a DEFI. Its centralized project with token to monetize it and fancy word to pump it. True and decentralized project won't be stopped nor destroyed by regulations. Its use case can be limited but not the way it works because there is no single identity that can be sanctioned for not obeying rules.
Besides bitcoin, I don't see any viable project as you say and moreover, the government is strong enough to do whatever it takes to stop even decentralized exchanges without single identity. If they don't manage it, then they will destroy it, that's what the government will do.
We still live in a world where the government has the highest power and our world is still centralized, so I don't think anything will set us free. Bitcoin is a great invention, it has given us more rights to our property, but that doesn't mean decentralization is sacrosanct for them.
-cut-
Donald Trump NFTs are sold out though. but that is what i mean by popular entity releasing his own. Trumps NFT is not really impressive but its sold out or maybe he is also the one laundering 99$ worth each.
Donald Trump NFTs are sold out though. but that is what i mean by popular entity releasing his own. Trumps NFT is not really impressive but its sold out or maybe he is also the one laundering 99$ worth each.
AND he is getting 10% creator's fee from every trade (well most likely it's him even though he didn't "create" them. That's one of the reasons i won't be joining in this game, i couldn't sleep well if i knew i've given that snake oil sales man any money. And it's not like he would be washing money just by selling to collection. That's under $5 mil. Imagine him buying from himself and rising the prices. He could be washing so much more, and as he is not giving profits to charity, he probably is.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace. And naturally, this is where all liquidity will enter next and this is also where the lowest hanging fruits will be for profits.
However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
NFTs made quite big fortune and also they have had big hype in coming years and some people made big fortune too. But when I heard that there was NFT storm than I ignored it and I just not bought a single NFT, cause I know if someone will not buy my NFT than it will be useless. Cause they are not like a crypto where we can sell at market price even though these crypto price is too low. However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace.
No one is going to regulate DEFI. At least in comming 5-10 years. So far they are trying to regulate centralized exchange which seams no to work good (FTX scam). So in next few years they will close some fiat/crypto getaways, they will regulate the rest of them. Made in/out of crypto 100% KYC. After its done they can try to regulate DEFI but how?
The only way to regulate defi on ETH is to buy 51% of tokens or convince hodlers of 51% of tokens to do something. And thats only ETH defi. BNB,TRX,AVX,DOT, MATIC defi is intact. So no one will migrate to NFT. Big money will not move to buy pictures for millions. Big money will buy BTC and ETH as the most liquid and safe assets. Regulations will help that. Big money don't buy illiquid assets. NFT is super illiquid.
I disagree. I reckon the next set of regulations will concentrate more on stopping moneylaundering in the cryptospace, on controlling liquidity that enters and exits stablecoins and a stricter stance given on Defi tokens as securitized assets.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace. And naturally, this is where all liquidity will enter next and this is also where the lowest hanging fruits will be for profits.
However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
I think it's going to be the next one to be regulated? I read news before that NFT are the new honeypot for criminals to launder their money by buying those expensive art?
It might be and I have created threads having this argument in the forum, with many arguments accusing me of being always the antagonizer again hehehe.
However, my argument against NFTs as the next to be strictly regulated is the government will concentrate on Defi first and this will not be an overnight development. It will be a process that might take more than 3 years, I reckon.
In any case, only one of you replied with a suggestion and this suggestion is a Trump NFT hehe. It is too early to speculate on Trump NFTs but start observing them near the Republican primaries on 2024. Trump will certainly declare his intention to run as president and it appears that he has strong support.
My suggestion would be DR/VRS NFT.
https://weownthenight.io/home
I like the artwork, their roadmap and their team appears to be good on paper. They are also cheap and the price is going lower. This might be a good longterm investment.
I think it's going to be the next one to be regulated? I read news before that NFT are the new honeypot for criminals to launder their money by buying those expensive art?
Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.
So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.
Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.
So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.
Its a perfect place to launder money.
1- you have stolen/dirty founds on your ETH wallet
2- you create new, empty ETH wallet, not connected to first one and create shitty art with monkey
3- you put shitty art with monkey on sale for 1 mln$
4- you use dirty/stolen founds to buy art
5- you end up with 1 mln $ clean founds from selling art on 1 eth adress and shitty art with monkey on "dirty wallet'.
Fun fact is that this shitty art with monkey has trade history of being sold for 1 mln $. So its possible that you will find newbie who will buy it for 10k$ (because its down 99%).
I'm sure that 90% of big NFT trades, that everyone is excited about was just an example of scam explained above.
true that. hard to sell the NFT unless its attractively famous done by the popular artist as well. it just negate the purpose of laundering which is to liquidate to cash out clean. the launderer wouldn't really consider selling the $1M worth of NFT and sell it to $10k to which you already said an newbie will not spend a dime.
Donald Trump NFTs are sold out though. but that is what i mean by popular entity releasing his own. Trumps NFT is not really impressive but its sold out or maybe he is also the one laundering 99$ worth each.
Once the regulations are in place, that means they will regulate the entire crypto industry, not just centralized projects. Defi or any decentralized project today created and managed by individuals, organizations, or companies, regulation has never been difficult for the government.
Defi created and managed by single person/company is not a DEFI. Its centralized project with token to monetize it and fancy word to pump it. True and decentralized project won't be stopped nor destroyed by regulations. Its use case can be limited but not the way it works because there is no single identity that can be sanctioned for not obeying rules.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace.
No one is going to regulate DEFI. At least in comming 5-10 years. So far they are trying to regulate centralized exchange which seams no to work good (FTX scam). So in next few years they will close some fiat/crypto getaways, they will regulate the rest of them. Made in/out of crypto 100% KYC. After its done they can try to regulate DEFI but how?
The only way to regulate defi on ETH is to buy 51% of tokens or convince hodlers of 51% of tokens to do something. And thats only ETH defi. BNB,TRX,AVX,DOT, MATIC defi is intact. So no one will migrate to NFT. Big money will not move to buy pictures for millions. Big money will buy BTC and ETH as the most liquid and safe assets. Regulations will help that. Big money don't buy illiquid assets. NFT is super illiquid.
In case the government can't regulate it, they can try to destroy it. Do you remember what happened to tornado cash? With one ban or arrest of the founder, everything will be instantly ruined. Don't look down on the government, they are more than capable of doing it.
I think it's going to be the next one to be regulated? I read news before that NFT are the new honeypot for criminals to launder their money by buying those expensive art?
Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.
So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.
Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.
So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.
Its a perfect place to launder money.
1- you have stolen/dirty founds on your ETH wallet
2- you create new, empty ETH wallet, not connected to first one and create shitty art with monkey
3- you put shitty art with monkey on sale for 1 mln$
4- you use dirty/stolen founds to buy art
5- you end up with 1 mln $ clean founds from selling art on 1 eth adress and shitty art with monkey on "dirty wallet'.
Fun fact is that this shitty art with monkey has trade history of being sold for 1 mln $. So its possible that you will find newbie who will buy it for 10k$ (because its down 99%).
I'm sure that 90% of big NFT trades, that everyone is excited about was just an example of scam explained above.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace. And naturally, this is where all liquidity will enter next and this is also where the lowest hanging fruits will be for profits.
However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.
Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.
I think it's going to be the next one to be regulated? I read news before that NFT are the new honeypot for criminals to launder their money by buying those expensive art?
Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.
So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.
Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace.
No one is going to regulate DEFI. At least in comming 5-10 years. So far they are trying to regulate centralized exchange which seams no to work good (FTX scam). So in next few years they will close some fiat/crypto getaways, they will regulate the rest of them. Made in/out of crypto 100% KYC. After its done they can try to regulate DEFI but how?
The only way to regulate defi on ETH is to buy 51% of tokens or convince hodlers of 51% of tokens to do something. And thats only ETH defi. BNB,TRX,AVX,DOT, MATIC defi is intact. So no one will migrate to NFT. Big money will not move to buy pictures for millions. Big money will buy BTC and ETH as the most liquid and safe assets. Regulations will help that. Big money don't buy illiquid assets. NFT is super illiquid.
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