• General

  • Crypto Currency - Believers Only

lol.. “scared money don’t make money!”

Morty-C-137 Define what the ‘money’ is?

I’m not doubting that most NFT investors are in huge losses, you are missing my point.

Most NFT investors/buyers are ‘Coin Bros’ for want of a better description, and what do they use to purchase NFTs with? Magic Beans as some people may say on here. If those beans cost $20 a piece in 2016, then rose to $4000 in 2021 a piece in FIAT terms then of course the value of the NFTs seems ridiculous.

Those people work in crypto currency, not fiat currency. This is the key point.

      Hursty So they are doing it for the coins, not the dirty FIAT? They pay for their rent, mortgage, medical bills, insurance, groceries whatever in crypto?

          Hursty Harking back to Bens’ question - what evidence is there of that?

          I’ve only seen a couple of analyses of buyer demographics, but neither identify ‘coin bros’ as a demographic group that is dominating the market….

            i’ve not seen any evidence anywhere that the majority of people make money either.

            As mentioned many times in here, most people bought and sold at a profit during the run.

            Well this is my experience of the market having been fully involved over the last few years. I admit that ‘most’ should have been ‘many’.

            What are the buyer demographics for NFTs then? The logistics involved in buying and storing them using custodial wallets takes more than an amateurs understanding of crypto to get them hence my assumption.

            LOL at ‘Coin bros having fun’

            The gayest sounding thing I have heard this decade

            bosstrabs
            IN

            Nothing better than people north of 30 calling each other ‘lads’

              "And like many FTX investors, Sunil also blames people who helped Bankman-Fried rise to the top. These include influencers and celebrities who promoted the firm - and its CEO - as safe and trustworthy. At the firm’s height in 2022, it ran a Super Bowl advert in the US, featuring comedian Larry David encouraging investment with the slogan: “Don’t Miss Out”."

              Interesting that the BBC completely overlooks the World Economic Forum and their ties to FTX

                19 days later

                Mad_Cyril i’m not sure a ferrari is as useful as bread, jam, or a light above your head (that goes bam), a house, petrol, paying tax etc etc etc

                  9 days later