The other day i had a thought pop in my head Wondering if any ozbargainers mint or buy nft, with how hyped these are at the moment. Im starting to get a bit intrigued so was just curious if anyone has any opinions/ experience on this type of investing. I was myself a sceptic, thinking how could people fathom buying a pixelated image with a cigar, go for hundreds if not millions of dollars
Does Any OzBargainer Mint/Buy NFT
froogletom on 30/01/2022 - 01:17
Comments
*grabs ape eating popcorn *
I'd like to make them but I'm not much of an artist, not with hand illustration anyway. Besides I think you need to be famous first. Plus I don't know how to do zero carbon emission NFTs and can't be bothered researching it, but it seems to exist.
with how hyped these are at the moment
Best time to enter any crypto option, if you like bag holding :)
I saw an ad on Facebook that was an NFT generator. It's just people buying their own stuff to leverage the greater fool theory.
Same happens with the retro console market. People buy their own stuff to push up the prices of their other stuff. Don't be a sucker. Or at least don't end up holding the bag.
There was a post here only the other day where some random claimed that they made 30 ETH coins in 2 months. Might pay to give them a message and see what their secret is.
Arts NFT is the 21st century Pokemon collectable.
Most of them won't hold their value in a bear market. Those that do survive can demand prices that only the rich can afford.
BTW making 30 Ether in two months slipping NFT is doable.
Pokemon collectable
Probably more closely comparable to beanie babies…
;)Cryptopunks and BAYC.
Princess the Bear beanie baby.
Woolworths Ooshies?
Had a mate make around 40k out of NFT series he made on his phone over the course of a few weeks.
Don’t know how many/what cryptobiscuits he got for them, just know he got 40k worth of crypto on a idea that people ate up.
Was half tempted to work out what the hell a NFT was and try it myself 😂
Give him a few more weeks…
Who's buying them? Why????
@Ughhh: Why do people collect anything?
https://tokenmia.com/collections/all?sort_by=price-descendin…@rektrading: Those things, like limited edition Jordans and even certain Pokemon etc cards I get, but something like a random kids selfie ……
@Ughhh: My theory is other people who have made money off nft or other crypto currency’s and see it as play money.
They probably put some profit aside and reinvest the rest in other random nft or risky cryptos on the off chance it becomes big.
Or at least thats what i would do 🤷🏽♂️
Hahahaha .. you have to be kidding right? This is a site for bargains, not expensive things that are worthless.
Ozb wastes more money on cheap worthless Chinese junk than anything else.
Most gift cards are manufactured in Australia, actually.
Bargains depend on someone's perception of value. For example, some finds Pam's post of entertainment value for $0, ergo a bargain.
Name an infinite resource - NFT's
Name an overvalued resource - NFT's
well there are a few people each week making millions from lottery playing for under $100, plenty of headlines
they don't tell you how many people are losing thoughVery cool concept I mean we are moving to a more digital world in everything but I personally have no hunches or tips into it unlike I did with crypto so for that reason I'm out.
Hopefully someone younger than me finds the bitcoin pizza equivalent of the NFT but I am about as good at finding the next NFT pizza as the next bloke.
Minted a bunch of them a year ago on Rarible and cross selling on Opensea as an experiment - all single edition pieces. Cost about $30-40/piece in gas fees back then to mint and selling about the price of what I sell physical art prints of my work. Still to sell a piece.
The success stories we read about are usually the exception and the marketplace is completely saturated and so much rubbish in there too - most aren't worth the gas its minted on. Most people I know wouldn't even know how to buy an NFT or any stages of setting up a wallet to be able to buy one. Its really a small niche market of buyers out there but who knows how things could develop.https://www.insider.com/reality-star-made-200k-fart-jars-sel…
“She has since pivoted to selling the fart jars as NFTs. They sell for 0.05 Ethereum.”
The world has truly gone crazy… good on her though
I've bought a few NFTs, I'm as sucker for pop culture and generative the art-based collections are pretty appealing for a digital nerd like me…not made any profits, but aside from the personal appeal I always like to try and get amongst these online trends and take a small risk with the hope of a long-term (say 5-10 year) gains. And if nothing else, participating helps to learn and anticipate what the future trends might be.
Footnote: I actually published an eBook about how to buy NFTs for beginners…if anyone is interested swing me a DM and I'll shoot you a free copy…
Yes I do. It's not very newb friendly, as the space is full of rugs/scams. Only investment what you can afford to lose as it's high risk/high reward. Risk can be reduced substantially by understanding the space and keeping up with gossip.
HODL