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Personal Finance and Investing

MerryHolidays

(7,715 posts)

2. I totally agree

Reply to bucolic_frolic (Original post)

Sun Apr 4, 2021, 02:19 PM

Apr 2021

This is insanity. I would NEVER pay for an NFT.

That being said, I guess the basic premise is that there is a value for an original piece of art and a far lesser value (usually) for reproductions of that art. But this seems to take that concept and create a market out of nothing. And the fact that someone can make multiple NFTs really seems to diminish any inherent value in this kind of digital file and make it ripe for counterfeiting.

Anyway, I wish I were rich enough to have money to waste on NFTs. But then again, I guess I am thankful I am not!

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Highlight:

Am I just too skeptical on Crypto and NFTs? [View all] bucolic_frolic Apr 2021 OP

You don't believe there's a "greater fool" out there still? n/t PoliticAverse Apr 2021 #1

I totally agree MerryHolidays Apr 2021 #2

Blockchain based currencies tokens and transactions Voltaire2 Apr 2021 #3

Not verifiable? bucolic_frolic Apr 2021 #6

That requires a whole lot of work Voltaire2 Apr 2021 #7

For the little guy, I think you can buy fractions. multigraincracker Apr 2021 #4

I bought a very small bit of etherium Voltaire2 Apr 2021 #5