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Or not. If you've been living under a rock, crypto prices are deservedly going through a rough time.

OJFord 4y ago
I didn't intend it as 'investing' advice. Regardless of recent crashes, all NFTs are valued (by at least one person) infinitely higher than they 'deserve'.
- AmericanChopper 4y ago
  All things deserve to be worth exactly what somebody is willing to pay for them.
  - Veen 4y ago
    That’s a pithy axiom, but it ignores the reality that people are often willing to pay because of misunderstandings, inadequate information, fraud, lies, and cons.
    - AmericanChopper 4y ago
      Are you trying to dunk on NFTs, or Wall St? Sorry I can’t tell…
      - deleted 4y ago
        [deleted]
      - michaelt 4y ago
        Maybe on the idea of market prices being inherently just, and every transaction being implicitly fair, that your statement implies? Does a senior manager at a big corporation, when accused of sexual harassment, deserve a $90 million golden parachute? While someone who quits their job to care for their severely disabled child deserves nothing?
        AmericanChopper 4y ago
        Asking what people deserve is a fundamentally stupid question in the context of valuation. Whatever your idea of “fair” is, it has basically no bearing on economic valuation, which is governed by the laws of supply and demand.
        michaelt 4y ago
        And yet here you are, posting about "deserve" and "worth" Or were you just trying to say "The amount people are willing to pay is the market value" ?
        AmericanChopper 4y ago
        You’re aware that this is a conversation about asset prices, right?
- hammyhavoc 4y ago
  That's incorrect. Most NFTs don't sell. This you see with the naive giving away their NFTs on Twitter after hoping minting NFTs of their art would finally help them to get somewhere. A large chunk of the ones that do sell are being bought by the artist themselves to save face or attempt to spark demand. This is without even getting into stuff like this: https://thatkimparker.medium.com/most-artists-are-not-making-money-off-nfts-and-here-are-some-graphs-to-prove-it-c65718d4a1b8 https://thatkimparker.medium.com/most-artists-are-not-making...
  - quickthrower2 4y ago
    This lady has media coverage so that is a leg up that most NFT charlatans don’t have.
  - OJFord 4y ago
    My 'one person' was the 'minter'. They presumably think it ought to be worth something. I don't, so I haven't.

I didn't intend it as 'investing' advice. Regardless of recent crashes, all NFTs are valued (by at least one person) infinitely higher than they 'deserve'.

AmericanChopper 4y ago
All things deserve to be worth exactly what somebody is willing to pay for them.
- Veen 4y ago
  That’s a pithy axiom, but it ignores the reality that people are often willing to pay because of misunderstandings, inadequate information, fraud, lies, and cons.
  - AmericanChopper 4y ago
    Are you trying to dunk on NFTs, or Wall St? Sorry I can’t tell…
    - deleted 4y ago
      [deleted]
    - michaelt 4y ago
      Maybe on the idea of market prices being inherently just, and every transaction being implicitly fair, that your statement implies? Does a senior manager at a big corporation, when accused of sexual harassment, deserve a $90 million golden parachute? While someone who quits their job to care for their severely disabled child deserves nothing?
      - AmericanChopper 4y ago
        Asking what people deserve is a fundamentally stupid question in the context of valuation. Whatever your idea of “fair” is, it has basically no bearing on economic valuation, which is governed by the laws of supply and demand.
        michaelt 4y ago
        And yet here you are, posting about "deserve" and "worth" Or were you just trying to say "The amount people are willing to pay is the market value" ?
        AmericanChopper 4y ago
        You’re aware that this is a conversation about asset prices, right?
hammyhavoc 4y ago
That's incorrect. Most NFTs don't sell. This you see with the naive giving away their NFTs on Twitter after hoping minting NFTs of their art would finally help them to get somewhere. A large chunk of the ones that do sell are being bought by the artist themselves to save face or attempt to spark demand. This is without even getting into stuff like this: https://thatkimparker.medium.com/most-artists-are-not-making-money-off-nfts-and-here-are-some-graphs-to-prove-it-c65718d4a1b8 https://thatkimparker.medium.com/most-artists-are-not-making...
- quickthrower2 4y ago
  This lady has media coverage so that is a leg up that most NFT charlatans don’t have.
- OJFord 4y ago
  My 'one person' was the 'minter'. They presumably think it ought to be worth something. I don't, so I haven't.