 Show Posts
|
|
Pages: « 1 [2]
|
https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammedYou may be wondering at this point about why I am posting these kinds of news, doesn't everyone know that NFTs are impractical at this point? And to this, I would like to direct you to this article. This shit still happens, and it happens every single day. What is the point of spending your energy convincing people to buy Bitcoin and other cryptos when scam artists divebomb victims every single day? I will hence post about every single NFT scam that I can find information about until this shit stops. We could simply sit back, relax and laugh at the stupid idiots who throw their money at this. But what do we achieve?
|
|
|
|
|
I am thinking of putting some of my posts into the language boards like German and Arabic.
Would it be poor taste to export my posts to these boards translated?
|
|
|
|
|
I have seen this kind of argument that just because the price of a commodity is high means that it is a great investment.
To a certain extent, a high price often means that investors have faith in the fundamentals of the commodity (For example, one of the most expensive shares in the American stock market is Berkshire Hathaway, which has consistently outperformed the S&P 500 since 1965).
However, there is the potential that high prices don't actually show genuine interest in a stock, but rather frenzied speculation on a commodity that has poor fundamentals.
A prime example of this happening was at the dot com bubble in the early 2000s.
What happened was companies that were, to be frank, pretty shit had managed to get multi-billion dollar evaluations because investors believed that the internet had fundamentally changed the business landscape forever.
As a result, people quit their jobs to trade full time, media stoked up the desires of getting rich and everyone believed that this gravy train will carry on rolling on and on forever.
Then the combination of increased interest rates, the majority of the aforementioned companies burning through cash and investors becoming aware of it all lead to the technology and by extension the entire economy to collapse while a few key members making big money.
This entire situation was the very exemplar of the title as companies that had billions of dollars turned out to be worthless at the end.
Be vigilant.
|
|
|
|
https://www.reddit.com/r/HobbyDrama/comments/pzmcy2/pet_site_game_neopets_introduces_nfts_burns/I can imagine the meeting that led to this: Old Tired Executive™: What can we do to attract the darn kids to our game again? Fresh New Intern™: We could spruce up the game with new features and paintbrushes. Old Tired Executive™: Nah, that would hamper our profit margins. Another Old Executive™: What about we try some of these hip crypto thingies, that would really attract the youth. Old Tired Executive™: You are right about this, who should we trust with our revival? Fresh New Intern™: We have artists and stuff. Old Tired Executive™: Nah, give it to the B Team.
|
|
|
|
|
This is how a fund may operate
1. The Bitcoin Fund raises its funds from investors in return for a share of the scheme's profits.
2. The Fund would then buy up assets that would go up in value (like NFTs and cryptocurrency projects)
3. As time passes, the value of those assets should rise, increasing the value of the Fund's shares.
4. The Fund would then sell off the assets, giving the investors a return in the form of dividends while allowing the Fund to repeat the cycle.
This model is inspired by REITs (Real Estate investment trusts) which make their investors a return via dividends and capital growth.
It may be flawed due to the volatility of cryptocurrency projects and the relative difficulty of verifying whether a project is legit.
Maybe the Bitcoin Fund could be backed by something more trusted like a Bitcoin reserve or even gold in the event of major losses
like a project turning out to be a scam or the crypto market going into a fall in demand.
|
|
|
|
Are they any promotional methods I can use to ensure as many people are interested in my auction as I can? What do good auctions have in common? Is my auction good enough, and how can I improve it? Here is my auction: https://bitcointalk.org/index.php?topic=5356107.msg57764820#msg57764820I am new to this, and I mostly read the Auction Guide and Tips by b!z. Sorry for the inconvience. |
|
|
|
Description:An unwatermarked PNG file of a hand levitating over the countryside. Preview: https://ibb.co/Pjv1trYStarting bid:0.00014 BTC Buy it now:0.00027 BTCEnd date and time:11:59 at 31/12/2021 Payment methods accepted:Bitcoin address: bc1q08v260h2w08l8q833hpfeu05dt9aws2nktyt5v Ethereum:0xD9F38fE9D307f087d2A293046E9F1B184fEAD315 Litecoin:MCeUZ6Bf8vGs9oUaMmCAVAYRsdyGETshYm Bitcoin Cash:qqvpzdpzk99vh3j6mc2r8vhzptad04p6qq3v9dywfs Additional information:
|
|
|
|
|
