After watching this video im fully convinced that NFTs are a SCAM

[Kuwka_Atcha_Ratcha]

Scam & a bubble soon to burst. Anyways, who wants to invest in my NFT?

I'll call it Sad Jesus.

How is it a scam?

 

[Kuwka_Atcha_Ratcha]

Most NFT transactions are wash trading

Any proof of this?

 

[BrothaZay]

You got th concept of nfts wrong

So what the fucc is the value

 

[CarltonJunior]

It does bother me this time that people are pushing NFT the way they are, basically telling you to get ahead of the curve. Crypto wasn't being openly talked about the way NFTs are

 

[null]

All these paragraphs and no explanation as to how it's a scam

Succinct babble which fully explains how you got this neg

 

[Kuwka_Atcha_Ratcha]

So what the fucc is the value

The art itself, what's the value in traditional art? Shut what's the value in a fiat dollar? What's the value in yeezys on stock X?

 

[null]

Scam & a bubble soon to burst. Anyways, who wants to invest in my NFT?

I'll call it Sad Jesus.

 

[Kuwka_Atcha_Ratcha]

Succinct babble which fully explains how you got this neg

If I couldn't or didn't know how to make money from NFTs I'd be giving out negs to strangers on a forum also. Luckily I don't care about digital rep from strangers I care about wealth in reality

 

[Kuwka_Atcha_Ratcha]

It does bother me this time that people are pushing NFT the way they are, basically telling you to get ahead of the curve. Crypto wasn't being openly talked about the way NFTs are

Why does that bother you breh?

 

[CarltonJunior]

Why does that bother you breh?

Because if it's that many people hip to it it's usually not as lucrative.

In crypto or stocks you ate if you were ahead of the game. In this case people are already caught up

 

[BrothaZay]

The art itself, what's the value in traditional art? Shut what's the value in a fiat dollar? What's the value in yeezys on stock X?

Bruh. Answer the simple question.

How does a random ass clip of some cartoon no one cares about get bought for 5.5 million dollars? Who even determined it's worth? And how will NFTs hold their value over time

 

[Kuwka_Atcha_Ratcha]

Because if it's that many people hip to it it's usually not as lucrative.

In crypto or stocks you ate if you were ahead of the game. In this case people are already caught up

Yet the art industry is lucrative and the whole world is into it. But tbf as much as NFTs are talked about the average person doesn't know how to purchase them

 

[kevm3]

NFTs are just a way to artificially introduce scarcity onto digital assets and limit their availability so as to inflate their worth. It removes part of what makes the web so great so that people in suits can make a ton of profits.

 

[Kuwka_Atcha_Ratcha]

Bruh. Answer the simple question.

How does a random ass clip of some cartoon no one cares about get bought for 5.5 million dollars? Who even determined it's worth? And how will NFTs hold their value over time

Show me the cartoon clip you're refering to and I'll explain it

 

[Kuwka_Atcha_Ratcha]

NFTs are just a way to artificially introduce scarcity onto digital assets and limit their availability so as to inflate their worth. It removes part of what makes the web so great so that people in suits can make a ton of profits.

But not all nfst are limited, alot are open edition so that voids that point