NFTs
NFTs
Out of context: Reply #525
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- neverscared0
- Work smarter not harder.palimpsest
- and the buyer has a $200K NFT he can sell for $250K to another rich guy.uan
- So he actually lost $50k?palimpsest
- Until it go POOF! What a ponzi scheme it all is.formed
- This is not how markets work. The moment Raheed spends $2 million on his own NFT, he owes opensea $40k in platform fees. (1st mistake)cherub
- 2nd, the moment Raheed spends $2 million on his own NFT he will lose tons of money because buying it for $2 million doesn't mean others will followcherub
- and buy it for that amount too, especially with 1 entry in the sale history of the NFT. You'd be stuck with a failed NFT and lost your fiat. Markets do not workcherub
- this way. Imagine u buy a wrecked volvo for 3 million then advertise your volvo claiming its "really worth" 3 million bcuz thats what u paid. Will someone bite?cherub