A user's turns his $130 into $1,30,000 in just 3 days (NFT)

[Imran232]

   
HashMasks $1,30,000 ARTWORK    

Crypto platform Against proof that this is a most value-able platform in this world. Any time it can makes anyone’s life. Today i got a News that on Thursday  a users buy a NFT from opensea market place in just $130 and then on sunday he sell it $1,30,000 value. That means he makes a profit of 100000% or 1000× in just 3 days. Can you imagine that How much potential has this Nft market.  And this NFT is a digital artwork. And the artist name is Hashmasks. He is a biggest record holder of all time. He also crossed over 16000 unique  digital collectibles in ethereum based NFT market platform.

If you want to know more detailed information  about this then you can check out here: News

[blockman]

I'm confused with two things.

This

100000% or 1000×

and this

$1,30,000 value

If it is one-thousand times increase then it should be $130,000. Needless to say, congratulations to his gains.

[Twinkledoe]

I'm confused with two things.

This

100000% or 1000×

and this

$1,30,000 value

If it is one-thousand times increase then it should be $130,000. Needless to say, congratulations to his gains.

Reading the article, it is 100,000% profit and the value is from $130 to $130,000. Lucky for the user that sold it to art aficionado. That person has tons of money to buy digital arts. How much more of his physical art collection?

[logfiles]

I'm confused with two things.

The title confuses even more as one comma is used wrongly. When I first saw it I thought it was $1.3M
Nonetheless, such scenarios are rare and are sometimes just based on pure luck. Just because someone made x10,000 within 72 hours doesn't mean you will also do the same by following his strategy.

[Vaskiy]

There is nothing to think big on it, because art is something unique and there are people who are much into it. Same as that one spends on gaming/gambling people love to spend on art works. Here it is one such incident where the artists have got some deep thought about that particular art.

[Hydrogen]

Artworks and promotion are based on either luck or money laundering.
it will not be repeated, it is a coincidence that has happened to that user, or someone is trying to launder money.
Such deals are not usual in the cryptocurrency market, this is nothing more than news for the newspaper and not something we can all do.

Years ago, there were apps with no useful features with graphics and GUI that looked as if a 5 year old child had drawn them. These apps with no useful features had multi million dollars in sales.

Later it was found that criminals and drug dealers made bogus apps to sell/buy them to launder their money and fool regulators into thinking the funds were transacted under legitimate business.

It is possible a large segment of the NFT market is owned and run by criminals who NFT transactions to launder money and cover for illegimate business.

But AFAIK this has yet to be confirmed.

[mersal]

You can't say 100000% returns in just 4 days as potential asset to invest because it is misleading. How much the value of that NFT in the next 3 days still they managed to gain another 1000x times? This is just a mere coincidence or the product just got hyped by himself because the seller and buyer can be the same person just to bump the prices of his remaining holdings.

[bassbity]

everyone has their respective skills based on 3 aspects.
1. cognitive, which is where you have knowledge and intelligence above average.
2. apective, namely by having the attitude and wisdom in carrying out every activity that is a source of assessment for yourself.
3 ,. psychomotor, namely art-based skills deftly through skills based on training, talents and interests.

So where do you want to take the position of the three aspects presented by Bloom's Taxonomy?

[slapper]

not quite interested in the project since this is not a strong point to be considered. It can be either coincident or money laundering. I will continue to stick to my plan cause my portfolio is very professional and clear. This contains many good project rather than this unknown one.

Moreover, I have seen many people who become rich after one night by various of methods. Perhaps in a near future, I might note this coin in my mind and try to spend some time to read about it. 2021 is a good year for investors for the reason that recession has over. People are trying to generate money as much as they can by a variety of techniques and I believe that by working hard, I will probably earn a good amount of money after the hype over

[CarnagexD]

NFT is a field for connoisseurs and collectors. Much like model trains and all, to the common person NFTs wouldn't amount that all, considering how most of the artworks presented requires little to no editing at all. Then again I see this industry a profitable venture, being a toy collector myself, I feel the people's gravitation towards NFTs.

[Wind_FURY]

NFT is a field for connoisseurs and collectors. Much like model trains and all, to the common person NFTs wouldn't amount that all, considering how most of the artworks presented requires little to no editing at all. Then again I see this industry a profitable venture, being a toy collector myself, I feel the people's gravitation towards NFTs.

There’s definitely a future for NFT, and CryptoArt, especially when the people will be having excess/disposable wealth when Bicoin surges to a 6 digit price valuation.

Hal Finney also had a vision for NFT, and CryptoArt back in 1993! https://bitcointalk.org/index.php?topic=5132720.msg56264150#msg56264150

[zanezane]

Artworks and promotion are based on either luck or money laundering.
it will not be repeated, it is a coincidence that has happened to that user, or someone is trying to launder money.
Such deals are not usual in the cryptocurrency market, this is nothing more than news for the newspaper and not something we can all do.

Not to mention, tax write offs if you plan to donate the proceeds of the artwork. Also, the value is based on how prominent the artist is, if Banksy were to create that kind of thing then it has a lot of value. That's fine arts for you, as long as the artist is famous, no matter how ugly the work is for you, the price of it will be higher than you expect, not hating on Banksy, I know that he doesn't want his art to be expensive, he wants the message. Money laundering is very rare for artworks though, especially in digital artwork.

[Wenbing]

 
HashMasks $1,30,000 ARTWORK    

Crypto platform Against proof that this is a most value-able platform in this world. Any time it can makes anyone’s life. Today i got a News that on Thursday  a users buy a NFT from opensea market place in just $130 and then on sunday he sell it $1,30,000 value. That means he makes a profit of 100000% or 1000× in just 3 days. Can you imagine that How much potential has this Nft market.  And this NFT is a digital artwork. And the artist name is Hashmasks. He is a biggest record holder of all time. He also crossed over 16000 unique  digital collectibles in ethereum based NFT market platform.

If you want to know more detailed information  about this then you can check out here: News

I read the news and this is my summary.

1.The value of an artwork is dependent on how valuable and the story behind the art. For example, I saw an artwork that has this inscription "The day Wallbelt fucked Wallstreet".  Analyzing this will help us to see the story and relevance of the artwork.

2. Scarcity plays a very crucial role in the price of an artwork. Since with blockcahain an artwork can't be duplicated.

Hence, I believe these are the reasons for such profit.

[Ucy]

Interesting. Just hope the artwork is really worth that amount, otherwise this could be seen as a case of people spending money wrongly or on overpriced asset.
If they do thesame thing on certain important assets that can't be replicated/produced in that manner, it will lead to hoarding and dangerous inflation.

[davis196]

OP,you are using  $1,30,000 three times.One in the title and two times in the forum post.
Don't you know how to write big numbers?Can't you just write 130K USD?
The whole story seems really suspicious to me.What's the point of buying artwork made by some anonymous guy for 97 ETH?This guy definitely isn't Michelangelo or Leonardo,so I really doubt that this artwork is going to cost a million dollars after several years.Maybe this really is money laundering.

[Natalim]

Huge, I never had that kind of talent but for that kind of artwork, how the hell it's work $1.3 million?
Damn, you call it luck or easy money, regardless if it's really a true purchase, that's a huge amount of profit from the seller.

Honestly, I have no idea about NFT but NFT seems to be the headlines now for some crypto media outlet.

NFT Marketplace Rarible Closes $1.75M Seed Raise From 1kx, Coinbase Ventures

Rare Hashmasks Digital Artwork Sells for $650K in Ether

NFT marketplace Rarible raises $1.75 million in seed funding round

[electronicash]

OP,you are using  $1,30,000 three times.One in the title and two times in the forum post.
Don't you know how to write big numbers?Can't you just write 130K USD?
The whole story seems really suspicious to me.What's the point of buying artwork made by some anonymous guy for 97 ETH?This guy definitely isn't Michelangelo or Leonardo,so I really doubt that this artwork is going to cost a million dollars after several years.Maybe this really is money laundering.

its definitely going to be looked that way even for someone who doesn't know art. normally an art only has a value that much when an artist is dead and its a century-year-old painting. i don't get how they bid all these but for digital art, $130K is too much and i don't know if the person who bought it could really sell to profit out it.

Huge, I never had that kind of talent but for that kind of artwork, how the hell it's work $1.3 million?
Damn, you call it luck or easy money, regardless if it's really a true purchase, that's a huge amount of profit from the seller.

Honestly, I have no idea about NFT but NFT seems to be the headlines now for some crypto media outlet.

NFT Marketplace Rarible Closes $1.75M Seed Raise From 1kx, Coinbase Ventures

Rare Hashmasks Digital Artwork Sells for $650K in Ether

NFT marketplace Rarible raises $1.75 million in seed funding round

rich people buy things because they can. but for a businessman's view, all these art are bulllshit.

[el kaka22]

I do not get this, why does NFT's even have a value I do not understand and thats something aside because that is a whole another topic, people need to discuss that differently. However I do not understand why one NFT would worth 130k?

Like I get it, I can't just screenshot it and paste around and so forth, you can share the photos of Monalisa online as well and that doesn't make you the owner, with this NFT method you actually have the ownership of art and that is quite important for some people I assume, still doesn't make sense why but I have accepted it so far. But why 130k? Why this one? I get that hashmasks is important artist in the NFT world but that is just one of his art and other ones are not this much neither, a lot of them are actually worthless, there are few that worths a ton, so people do not even know which one worths a lot and which one doesn't, what makes one NFT more valuable than the other?

[Sterbens]

everyone is confused by your post which is quite convoluted with typing numbers. but I understand what you are trying to convey. indeed the work could not really be appreciated that much, if he did not have a proper sales center.
For some people who are involved in this art, it has become a cross-work, where using digital is no longer competitive and forgetting manual-based works. a hefty price if luck is in sight.

[Princejebs]

Artworks and promotion are based on either luck or money laundering.
it will not be repeated, it is a coincidence that has happened to that user, or someone is trying to launder money.
Such deals are not usual in the cryptocurrency market, this is nothing more than news for the newspaper and not something we can all do.

I noticed NFT has gained lots of traction in decentralized platforms and I began to wonder the value behind this idea and how they buy this NFT.
Seems like I might need a proper guide on this, every new project on this forum now include it as their component and I hope it last long and add value to the outside.
It also seems most crypto are always centered around crypto communities and why not outside world.