Bitcoin and Crypto Talk (Merged)(includes NFT) (1 Viewer)

[superchuck500]

Just an example of how ridiculous the NFT space is. Last night, someone with 8 cryptopunks sold 1 of them for 108 ETH and then bought up 87 cryptodads raising the floor price on crypto dads to about 1.45 ETH. THe money these people have is just nuts. Total FU money.

Here are the cryptopunks for sale:

CryptoPunks: Punks for Sale

CryptoPunks are 10,000 collectible characters on the Ethereum blockchain. This is the list of Punks for sale.

www.larvalabs.com

Most are priced well over $700,000.

Meanwhile, this sapphire ring from antiquity is believed to have been worn by Caligula, features an intricately carved portrait of his wife Caesonia in the side and was once part of the "Marlborough Collection", a famous lot of gems and jewelry owned by the 7th Duke of Marlborough. Sold in a 2020 auction for $600,000.

This 2,000-Year-Old Sapphire Ring Has an Incredibly Detailed Portrait Carved Into It

This brilliantly crafted sapphire ring is 2,000 years old and has a fascinating history!

mymodernmet.com

 

[Beast]

Here are the cryptopunks for sale:

CryptoPunks: Punks for Sale

CryptoPunks are 10,000 collectible characters on the Ethereum blockchain. This is the list of Punks for sale.

www.larvalabs.com

Most are priced well over $700,000.

Meanwhile, this sapphire ring from antiquity is believed to have been worn by Caligula, features an intricately carved portrait of his wife Caesonia in the side and was once part of the "Marlborough Collection", a famous lot of gems and jewelry owned by the 7th Duke of Marlborough. Sold in a 2020 auction for $600,000.

This 2,000-Year-Old Sapphire Ring Has an Incredibly Detailed Portrait Carved Into It

This brilliantly crafted sapphire ring is 2,000 years old and has a fascinating history!

mymodernmet.com

See, exactly what I’m talking about. This physical ring actually has historic value associated with it and it sold for less than a PNG of some artist’s design? That just doesn’t make sense to me.

 

[Tapxe]

See, exactly what I’m talking about. This physical ring actually has historic value associated with it and it sold for less than a PNG of some artist’s design? That just doesn’t make sense to me.

10 years ago there was a big craze in all of my younger coworkers (20-30 crowd). They were reading and tuning into self help youtubes about reducing physical possessions and the freedom which that imparted. They were giving away possessions which they simply didn't feel the need to hold. IDK if that is still a thing.

I do think someone influenced by only keeping items with significant sentimental value would hold very little desire to purchase an item that expensive and then have to figure out how to protect it.

It also seems that education has moved away from humanities to STEM. That can change how a mind values the world. History has less value to a mind concerned with concrete logical constructs. Having been raised with video games and computers, an NFT might make more sense to them is all I can come up with.

 

[SaintInBucLand]

10 years ago there was a big craze in all of my younger coworkers (20-30 crowd). They were reading and tuning into self help youtubes about reducing physical possessions and the freedom which that imparted. They were giving away possessions which they simply didn't feel the need to hold. IDK if that is still a thing.

I do think someone influenced by only keeping items with significant sentimental value would hold very little desire to purchase an item that expensive and then have to figure out how to protect it.

It also seems that education has moved away from humanities to STEM. That can change how a mind values the world. History has less value to a mind concerned with concrete logical constructs. Having been raised with video games and computers, an NFT might make more sense to them is all I can come up with.

If you also look a lot into what the World Economic forum is talking about the last few years concerning an economic reset. They focus around less ownership and more about renting/services. It would make sense for NFTs to get a push as they take up no real space outside of data.

 

[Mr. Blue Sky]

10 years ago there was a big craze in all of my younger coworkers (20-30 crowd). They were reading and tuning into self help youtubes about reducing physical possessions and the freedom which that imparted. They were giving away possessions which they simply didn't feel the need to hold. IDK if that is still a thing.

I do think someone influenced by only keeping items with significant sentimental value would hold very little desire to purchase an item that expensive and then have to figure out how to protect it.

It’s called minimalism and yes it’s still a thing, probably more so now than 10 yrs ago.. “Collect experiences instead of ‘things’”.. without realizing that i was part of any movement, i have been half-***edly incorporating elements of the minimalist movement into my life for probably the past 20 years or so.. like anyhting else, im sure it’s possible to go too far- but as for me, i come from a family full of hoarders and packrats, so ive always gone the exact opposite way, i guess you could call me a ‘purger’ lol

It also seems that education has moved away from humanities to STEM. That can change how a mind values the world. History has less value to a mind concerned with concrete logical constructs. Having been raised with video games and computers, an NFT might make more sense to them is all I can come up with.

There are certain elements of society who think it’s worthless to go to college unless you get a highly specialized degree that leads directly to a high paying job.. Me, i still think there’s value in learning for learning’s sake, going to college to learn how to be a well-rounded thinker, THEN possibly furthering your education if you want to do somehting specialized.. of course, with the way college is financially structured in this country, that makes this approach problematic, since many will exit school deeply in debt.. the solution IMO is for us to do what almost every other advanced country on the planet does, and - *politics alert, if you have delicate ears/eyes*- do like Bernie Sanders advocates and use our tax dollars to make college education 100% FREE…. but i digest…….

 

[Tapxe]

Is today ETH's day to run? Up 200+ and knocking on 3.8k again.

 

[Mr. Blue Sky]

Is today ETH's day to run? Up 200+ and knocking on 3.8k again.

Saw that ! Not sure if I’ll ever make real money off crypto, but it sure makes different things fun and interesting almost every day

 

[Tapxe]

Saw that ! Not sure if I’ll ever make real money off crypto, but it sure makes different things fun and interesting almost every day

Depends on what you consider real money. I'm up 10x atm mostly on the strength of my ETH. I've got a friend who's mined ETH since 2017. He's been consistently selling and says it's paid for his new gaming PC. I didn't have the heart to explain if he'd hodl'd it would cover 10 of em because he's happy.

 

[UptownSaintsFan]

Here are the cryptopunks for sale:

CryptoPunks: Punks for Sale

CryptoPunks are 10,000 collectible characters on the Ethereum blockchain. This is the list of Punks for sale.

www.larvalabs.com

Most are priced well over $700,000.

Meanwhile, this sapphire ring from antiquity is believed to have been worn by Caligula, features an intricately carved portrait of his wife Caesonia in the side and was once part of the "Marlborough Collection", a famous lot of gems and jewelry owned by the 7th Duke of Marlborough. Sold in a 2020 auction for $600,000.

This 2,000-Year-Old Sapphire Ring Has an Incredibly Detailed Portrait Carved Into It

This brilliantly crafted sapphire ring is 2,000 years old and has a fascinating history!

mymodernmet.com

I think one thing to remember is that a lot of these NFTs offer more than just the picture. They are creating communities around them and many have some tangible benefits.

One speculative one i've had my eyes on is called "gambling apes." Their future goal is to create a casino in the metaverse and all the holders get a percentage of the rake. Is that possible? I have no idea, but it seems like gambling is going to be perfect for this ecosystem with all the crazy money going around.

That being said, i'm still not 100% sold, but i think people are crazy to ignore it as a fad. There's just too much money being made. At worst get in small and don't hold a lot so if there's a crash aren't too burned. I'll also say that i think these people are getting a lot more benefit out of a fancy NFT than they would Caligula's ring. It's a prestige item for all to see and with verification coming, it will double that.

 

[Mr. Blue Sky]

Depends on what you consider real money. I'm up 10x atm mostly on the strength of my ETH. I've got a friend who's mined ETH since 2017. He's been consistently selling and says it's paid for his new gaming PC. I didn't have the heart to explain if he'd hodl'd it would cover 10 of em because he's happy.

I only got into crypto a few months ago, so im probably years from any potential real money, if ever.. As for you, it’s huge that you got in early, but i guess whether or not your gains would be considered ‘real’ $$ would obviously depend on how many hundreds or thousands of traditional US dollars you threw at it originally.


ETA to be a little more specific, at least to me, i guess ‘real’ money will be any money i can make in the tens of thousands.. ie if i only make $5k or $8k over the next few years, that’s nice but not real money.. if over 10 years i make $40k or $75k , that to me is real, at least for one singular investment.

 

[Tapxe]

I only got into crypto a few months ago, so im probably years from any potential real money, if ever.. As for you, it’s huge that you got in early, but i guess whether or not your gains would be considered ‘real’ $$ would obviously depend on how many hundreds or thousands of traditional US dollars you threw at it originally.


ETA to be a little more specific, at least to me, i guess ‘real’ money will be any money i can make in the tens of thousands.. ie if i only make $5k or $8k over the next few years, that’s nice but not real money.. if over 10 years i make $40k or $75k , that to me is real, at least for one singular investment.

I'll take 15x return over 4 years on ETH and BTC and be very happy with it. It's not life changing, but as I don't need the money I'll leave it and hope it keeps on the same path.

 

[superchuck500]

ETH today

 

[efil4stnias]

ETH today

finally its clawing its way back.

I bought ETHE back months ago at???? $37. Thats right- the DAY BEFORE the bottom fell out - and its been as low as $18. ooof.

glad when this roller coaster is over.

 

[Mr. Blue Sky]

My Shibas seem a little tired.. like theyve been running the Iditarod instead of the huskies or whatever that usually run it…. But the BTC and ETH are definitely helping to make up for it.

 

[EGLSShin]

I'm out here trying to build a new PC and hating both scalpers and miners at the same time