NFTs - get used to them.
Copyboy1
Posts: 479 ✭✭✭✭
1
Copyboy1
Posts: 479 ✭✭✭✭
Copyboy1
Posts: 479 ✭✭✭✭
Comments
Still going...
hearing a lot of these folks are having hard times cashing out of some of these things. 20 days to obtain "cash out clearance", then errors in withdraw requests, undisclosed fees, cash out caps, etc.
reminds me of online gambling sites that do everything in their power to create roadblocks so you can't cash out.
I guess i am officially an old guy. I really don't see anything here to collect
George Brett, Roger Clemens and Tommy Brady.
embarrassed to say I have no idea what NFT means.
Are these the same as Topps Bunt?
Bosox1976
Non Fungible token.
as of now, I guess, it is kind of like buying digital art. it is billed as one of a kind. but, anyone can still reproduce it, the owner "owns" it.
like I said, there really isn't anything to "collect" sort of like the time share of collectables. maybe someone else can explain it better than me.
definitely not for me.
George Brett, Roger Clemens and Tommy Brady.
As an old Skool card card guy I think NBA top shot which is NFT based and awesome, check it out.
Join the Rookie stars on top PSA registry today:
1980-1989 Cello Packs - Rookies
I have the world's largest collection of seashells. I keep it on all the beaches of the world... perhaps you've seen it.
Steven Wright
Just like Pokeman, NASCAR, soccer cards, sculptures, paintings, and whatever else you want to add to the pot, I don’t want it. I am not interested in collecting it, but if others are, great. If they sell for millions great. Not my thing. I can barely keep up with the cards I want to collect. We all can be different. Lots of people like collecting coins and stamps and I am cool with it but I do not do it. I would not watch NASCAR if it was in my backyard but do not begrudge those that love it. It like NFT block chain moments are not my thing
Hope these go crazy and take off. If people divert their attention to owning NFTs vs Sportscards maybe I will be able to afford out of reach cards again someday.
He was awesome in his time.
I can’t understand he died suddenly?
Everyone dies suddenly. Your alive, alive, alive, dead.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
i just had the craziest dream. i was just being born...and was 8 and half months premature.
There are somethings I like about flipping NFTs so far. They do not need grading, I am not waiting on USPS and there are no counterfeits. And on top shots market place you don’t have to worry about returns. I have been watching the last few days. There is a lot of money flowing thru that market. You need 3 moments to get in on the all star pack drop and even the common moments have doubled in price the last 3~4 days.
NFT's are a JPEG file that anyone can see, but one person who pays the top price can officially own.
It's kind of like you having your PSA 10 Gem Mint Mickey Mantle rookie on the internet, and everyone can see a picture of it, but you are the actual owner of the card. Your card can be held in your hand and be housed in your safe or vault.
A JPEG file can be stored anywhere on anyone's computer. But only one person is recognized as the owner of that piece, even though everyone can have it on their computer.
For those who follow the stock market, the three NFT stocks that deal with digital art are OCG, TKAT, and CWRK.
Where were those stock tips on Wednesday? Thanks for those stock names.
And to think I’ve been giving them away for free all these years.
https://nypost.com/2021/03/18/nyc-man-sells-fart-for-85-cashing-in-on-nft-craze/
Explain to me how my JPEG on my computer is different from your JPEG on your computer that you paid $10,000 for??
You can't sell that JPEG for $10,000. The other guy can.
hate to say it and as retarded as it sounds, that's basically it.
Had to look up NFT.
I just like saying fungible.
LOL. They're already asking if NFTs are dead.
https://adage.com/article/media/are-non-fungible-tokens-dead-time-releases-three-nft-covers/2323251?utm_medium=social&utm_source=twitter&utm_term=adage&utm_content=0f785683-3b73-4250-9e89-7ed37df37c14
doesn't it sound like something nasty that is between your toes!
George Brett, Roger Clemens and Tommy Brady.
Currecyworks-CWRK
Sold out it’s launch of Topps digital Garbage Pail Kids NFT launch. 5 digital cards for $5, or 30 cards for $25. Cards are held in digital wallets or traded.
I'm waiting for the tulip NFT then i'm all-in.
https://mobile.twitter.com/Vasu/status/1371982092402368512
Eric
Erikthredd’s MJ Collection: https://www.psacard.com/psasetregistry/publishedset/395035
Erikthredd’s Nike Air Jordan Collection: https://www.psacard.com/psasetregistry/basketball/key-card-sets/nike-poster-cards-michael-jordan-1985-1992/alltimeset/408486
Same here! I wonder how many even get the reference?
Thanks
YeeHaw!
Neil
Couple of those stocks were off to the races today.
Bosox1976
Just saw a story on the tulips a few days ago, It seems like the same thing happening with these digital cards. Let’s see if it ends the same.
Maybe it's similar to the old saying, "Those who forget the past are condemned to repeat it."
Or another old expression...
You prefer roses on a piano and I enjoy tulips on my organ.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
..you can't believe everything you read on the internet..
-ben franklin
at least you could hold a tulip...
George Brett, Roger Clemens and Tommy Brady.
TKAT is on fire.
People scoffed at Google, Amazon and Tesla when they were innovating.
I prefer to investigate new technologies and see if they are worthy or just another pyramid scheme.
I thought bitcoin was a pyramid scheme. Boy was I wrong.
I’m investing in NFT technology. I think it’s the future.
nfts themselves or the mining companies? two totally different beasts.
Saw on news this AM that Dorsey's "first tweet NFT" sold for close to 3 million?
The buyer is a "blockchain" guy - not surprised.
Bitcoin, NFTs, cryptocurrency, blockchains? What the hell happened to the good ole days when ya "funged" a nickel for a Hershey bar?
Yeah, right now, this is all a PR campaign using their own money to hype their own technology so that they can make even more money.
It's like a group of artists all buying each other's crappy art for record sums just so they can get the NYTimes to write articles about how this new crop of artists is taking over the art world.
Except there are tons and tons of people who are in on it and spending their actual money on it, too.
There’s always new collecting products and some stick. If you like having them and don’t go broke collecting them, it’s good fun. People scoffed at eTopps, refractors, /499, sticker auto’d cards, xRCs, relic cards, patch cards and everything else.
If you like it, collect it. If you want to sell it one day, hope two rich guys like it too. If you are in it to flip, you’re a gambler, not a collector, and that’s cool, too. To each their own.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
_If you like it, collect it. _
Agreed. I just think it's worth pointing out the risks. Everyone bought up cards in the junk era expecting prices would keep going up without understanding what was driving those prices (and what would eventually crash those prices).
Pointing out who is driving the hype of NFTs or the fact that they could disappear at any time when the technology becomes outdated, I think is worthwhile.
Was NOT calling you out.
I hate when these things seem faceless so I am just adding in that I know a few actual human who are collecting these and one guy who has done a little experimental flipping while building what he believes is a nice collection.
I own none, myself, but I try to keep an open mind...
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Check out DLPN today. All because they announced their NFT involvement.
In the last week 50,000 people bought $50,000,000 of Top Shot moments by far outpacing all other NFT platforms so it’s strong positioning means it’s probably at least the 1989 Upperdeck series of the junk wax era and possibly 1952 Topps baseball.
For its staying power I think you have to appreciate the market and marketing forces behind it. The digital moments are “printed” similar to cards and it’s a minor difference if it’s a refactor number to 499 or a top shot moment numbered to 499. As an owner of either you hold the rights to neither as the NBA holds the rights to the moments and the photographer holds the rights to a baseball card picture. But what you do own is the right to sell the particular card or the moment you own.
The big difference though is the NBA or MLB and their players association gets paid once when cards are initially sold but with top shot moments the NBA gets paid (reportedly 2.5%) initially plus every time that card is sold in the secondary market. Who wouldn’t want to get paid 50-100 times and forever instead of once? So if the NBA is going to choose between panini cards and Top Shot moments succeeding it’s clearly in their financial interest to prioritize Top Shot’s success.
So while I have a large physical sports card collection and no crypto currency today I really thought hard about joining the get off my lawn crew but I remembered back to when I started buying basketball cards in 1986 when everyone else was chasing Canseco rookies. That’s why I’m going to try and build a 10% Top Shot position in my “card” portfolio. If it goes to 0% and I’m left holding the bag it won’t kill my returns and if it turns out to be the 1986 basketball or 1952 topps that I got in early on that 10% could easily grow to be 90% of my portfolio thru price appreciation.
Join the Rookie stars on top PSA registry today:
1980-1989 Cello Packs - Rookies
I can't be in the conversation since I didn't even know what an NFT was and bitcoin?
I'm still trying to understand, "mining" and other terms like blockchain.
I heard this AM on the biz channel that the amount of energy used "just" to mine for bitcoin in the world rivals that used of some countries like Argentina (that's their entire energy usage)?
What? Wait. What?!
yes, which kinda made me go "huh?" when elon musk invested. but yes, the amount of energy used to "record, transfer & store the transaction" digitally is outrageous. however the counter point is, esp w musk in the pic, how quick technology advances these days and existing technology not yet used for mining (solar) that all that can be changed rather quickly.
why i posed the question above. investing in actual nfts or the mining companies, publicly traded stocks. i would choose the latter.
Card companies may one day lose out to NFT card producing companies.
The big money on Wall Street is backing every company associated with bitcoin, blockchain, and NFTs. Some will win and some will lose, but just like EV cars, it’s here to stay.
Just be careful; there’s lots of evidence to suggest that Elon Musk is much more like John DeLorean than he is Nikola Tesla.
😉
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Neither Delorean or N. Tesla were one of the richest men in the world.
There is a new movement happening before our eyes, and big money is backing it because they see how well it serves their mission of making as much money as possible. Blockchain serves the rich. NFTs serve the rich. We can either sit back and watch the rich get richer, or we can get in on where the big money is going.
Top Shot is in free fall today. I would watch for a bottom and buy if I were interested. Crypto mining has been an energy hog during proof of work era. Etherium 2.0 going to proof of stake could help address this issue. If you want to learn more about block chain technology, I recommend Lex Fridman YouTube podcast. I wasn’t alive for Mr.Deloreans career. But I am a big fan of Elon.
We can either sit back and watch the rich get richer, or we can get in on where the big money is going.
Big money was in the railroads, until it wasn't. Big money was in late 1990's dotcom companies with no profitable business models, until it wasn't. I'm sure there's money to be made in the short term. In the long term, I can't even open a Word doc from 20 years ago. I have zero faith the file formats they use will be around long term. Blockchain also has some serious issues. I don't have a ton of faith blockchain will be around long term either. There will come a time when a whole lot of people have a whole lot of money in a worthless technology.
No, but Bernie Madoff most certainly was.
I don’t doubt you and agree with you to an extent. However, some people get wealthy through hard work and innovation and others get wealthy through less scrupulous means. People who wield social media influence to make their fortune is new ground - assuredly - but there are, in theory at least, rules against manipulating the prices of equity and commodity markets and their prices - especially when you hold large positions in said markets - that will eventually be accounted for when any of these markets crash, which invariably some will, and a large group of people cry foul and or go bankrupt as a result while a small percentage, by way of curious timing or circumstances, do not.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
Never once will I say which new technology will rule the day. But anyone can see where big money is moving.
Look at all the guys who bought gold instead of bitcoin.