Most Helpful Opinions
NFTs are useless. SO SO useless!https://www.youtube.com/watch?v=_noey_NmZV0&thttps://www.youtube.com/watch?v=k3_zmYzSU4g10
I just don't see how an NFT has any true value. It's like buying 'clothes' for an avatar in a video game, short term gratification but basically useless.11
Yeap. When it stops being so trendy, interest will die down and smart investors will sell their stuff for cheaper, and it'll cascade10
What Girls & Guys Said
NFTs is the modern money laundering scheme. The transaction of an nft is the public display of a legal transaction purposes and illegal transaction is happening behind the scenes. Very common with art pieces transactions for the last century.
Someone buys some dogshit looking monkey animation because it's "art" for thousands and secretly buy some sex slaves and the IRS is non the wiser. Then it turns into a rebate to sell back and get more shady shit.10
No, real crypto is never going away and is often a good investment. Saying Bitcoin will pop is like saying gold will pop.
Things like ERC20 tokens can be bubbles which pop.
NFTs won't because they're the equivalent of investing in art. Because the price is arbitrary and doesn't fluctuate as a currency, they stores of value mostly for rich people. Buying cheap NFTs which do nothing for no reason means they're less likely to sell. The more money you spend on an NFT the more likely you're going to be able to get a resale later. Same as the art trade.0
It's not really a bubble.
Decentralised currency (which is technically what it is) is a different concept from the usual financial malarkey and banks to governments don't really know how to work with a lot of it, yet.
Think of it like the early dialup internet. You had people claiming the internet was a "fad" and "can't do much" etc etc. New things tend to take a decade or two to work out.10
Nfts are scam many of them are actually not being bought by anyone. They're just the person selling them selling them to themselves on another account to appear there is volume.
You make an NFT you sell it to yourself for a $100 then have that then sell it to yourself again for $200 then let some idiot think they're going to make money buying it off of you for like $3001
Gov't s are going to outlaw them , half have already. . Bit Coin is way down from high. If Fed raises interest rates , Bit Coin drops more.20
Crypto is and has always been worthless at its core. So it is a bubble and it will pop or go away the question is just when.11
There's definitely a bubble that will bankrupt some investors, not all of them, but the technology is here to stay and I'm sure it'll thrive.10
There was never any bubble, only idiots who paid artists money for a worthless GIF on their phone. The people making money are indie artists and programmers who sell their junk.0
The sh! tty generic NFTs like all those Ape ones, etc.. will go bust
But if you invest in Ecomi / Veve NFTs, you'll be rich in the next couple years0
If people are retarded enough to buy these things, they deserve to lose their money.20
Seems like a ponzi scheme to me, but I am not real familiar with the whole crypto space thing.0
It will turn for the worst... It will be funny to watch twitter commies cry over what is planned.0
No more likely than the dollar crashing because our government made the printer go brrrr10
For sure. Seems like a waste of time and money TBH.10
Yeah, both will get rug pulled in time
Once the whales can work out how to lose the least amount and enough fools are trapped in the tower0
Crypto is here to stay. I don't know about nft based art yet0
Said the same about Bitcoin. And it goes up and down, and way up, thankfully.0
Crypto bubble? It's not just a crypto bubble, it's everything.0
Crypto could be a permanent thing, NFTs are just stupid.0
I have a modest proposal: what if schools sold NFT for fundraisers? Could you imagine how much a school could make?0
Most Helpful Opinions
It's absolutely a bubble - but that doesn't mean it can't still be a good investment.
Contrary to what some may claim, there's really nothing driving the price changes other than hype and speculation.
Every time there's a crash, people are prepared to gamble that the price will rebound and so they buy, which increases demand and drives the price back up. When the price goes up enough for those buyers to turn a quick profit, they all start selling again, triggering another crash.
The fact that the price can be so volatile (unlike shares for example, which are at least somewhat tied to the fortunes of an actual business entity) means that the potential short term gains are huge. That's what gives people the confidence to gamble on cryptos after a crash, and it's that confidence which ensures they WILL rebound.
Of course, now the less well known cryptos are becoming popular, because people see Bitcoin hit $65K+, and they think "What's stopping this other coin that currently only costs a tiny fraction of that, ending up costing just as much (therefore netting me much greater profits)?". And really, the answer ought to be "not much", since there's precious little difference between any of them.