These NFT things

[Zatara]

Right but the value of that share can increase separate to influence from demand for the share.

This is not true for Crypto or NFTs.

That's the point I was making.

The price of a share is not the same as its represented portion of the company's value.

Hence why you can have under/overpriced shares. What makes the share under or over priced? When the portion of the company that share represents does not reflect the price of the share.

How do you know when crypto or an NFT is under/overpriced?

You don't because unlike shares which can be tied back to a portion of a company's asset portfolio they don't represent anything other than demand.

Dont forget that outlook can work both ways.

You touched on company assets which could also drop in value.

Tbh i see it all the same. You buy...its value increases then you sell if the market is liquid.

No matter what the product is, its all about liquidity.

 

[Efcjake]

Dont forget that outlook can work both ways.

You touched on company assets which could also drop in value.

Tbh i see it all the same. You buy...its value increases then you sell if the market is liquid.

No matter what the product is, its all about liquidity.

My point is that it is tied to assets. They may go down in value but there is an asset backing its value but there is nothing backing the value of crypto or NFTs.

 

[Zatara]

My point is that it is tied to assets. They may go down in value but there is an asset backing its value but there is nothing backing the value of crypto or NFTs.

Well there can be. There are a fair few cryptos now backed with physical assets such as islands / property / businesses.

 

[jayonenote]

What the bloody hell are they? I keep reading about them but no one seems to explain what they are.

Anyone?

*mumbles and goes back to bed

 

[DuuuncanHadaPigeon]

My point is that it is tied to assets. They may go down in value but there is an asset backing its value but there is nothing backing the value of crypto or NFTs.

I think we generally agree - I would just go back to my earlier point though. The price of anything is solely determined by the buy and sell pressure.

 

[nikom court]

The Beatles and John Lennon memorabilia to be sold as NFTs

John Lennon's eldest son Julian will keep the physical items as he sells digital versions of them.

www.bbc.co.uk

 

[longers]

Lots of celebs and sport stars jumping on the bandwagon of cringe

 

[Gabagool]

 

[longers]

 

[longers]

 

[magicjuan]

On the subject of liquidity, I have a jpeg of the inside of my toilet bowl after yesterday's chilli that I am offering up to a charity?
Looking for suggestions? It is in colour.

 

[longers]

$17 million for a receipt of this

 

[verreauxi]

Intersection of NFTs and racism:

Bored Ape Yacht Club is Racist and Contains Nazi Dog Whistles

BAYC is dehumanizing art created by bad actors.

gordongoner.com

 

[longers]

Intersection of NFTs and racism:

Bored Ape Yacht Club is Racist and Contains Nazi Dog Whistles

BAYC is dehumanizing art created by bad actors.

gordongoner.com

Not even surprising

 

[Black Belt Jones]

Intersection of NFTs and racism:

Bored Ape Yacht Club is Racist and Contains Nazi Dog Whistles

BAYC is dehumanizing art created by bad actors.

gordongoner.com

What does based mean in that context - BAYC are based?

Heard it used on gaming discords just meaning real, authentic (I think).