You're right. Those who think otherwise are the ones who have been stupid enough to buy one.

Want to buy my first Tweet? Sure, here you go. Just bear in mind the simple fact that anyone can retweet it and, more importantly, I can delete it at any point.
Want to buy bitcoin at $65,000 when I bought it at 20c? Oh look, it dropped to $50,000 when I sold some of mine... Don't worry though, I didn't sell enough to drop it any further. Buy some more and the price will go back up. (then I can sell some more and all your twitter 'friends' will tell you to HODL until I can rinse and repeat..) When you and your HODL friends try and sell yours, the price will properly collapse...

I am the emperor, and here are my clothes.

It's one of a kind item that can be copied ad infinitum without any loss in quality, but you have a certificate saying it's the original.

It's monumentally stupid aimed at the naive, the insecure and those who want to launder money.

ok

google cryptopunks. head assplodes

I received some financial advice from Alec Torelli and I am now $300 poorer. I heard that if I buy another one though and double down that I might be able to win my losses back.

I’ll buy it off you for $500


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Can't wait for your snarky post in a couple years about how the price plummeted to 100K and you were right all along

have fun staying poor

Yes this whole NFT thing just boggles my mind. People want an original copy of the Mona Lisa precisely because it *cant* be replicated perfectly. You want to know Leo's handstrokes put that paint on that canvas. Even if someone made a molecularly identical copy with alien technology it just wouldnt feel the same to the owner. But copy pasting a JPEG doesnt make you feel like you have any less of the original. NFT's are stupid.

URGENT: does anyone know where to get more Tilt Recovery oil??? i'm still wearing the necklace every session

I'd suggest not painting NFT market all with the same brush.

NFT art is a bit more than just copying a jpeg and shares more similarities to traditional art than differences. Think about limited edition prints.

I cant speak much about NFTs of meme's, videos, tweets, videos or whatever the **** torellis is even talking about.


edit. more head assplodes https://www.yahoo.com/now/buyer-snaps-pair-squiggle-nfts-145513750.html

You guys telling me my cryptokitty is a scam? I don't think so. NFTs for life!

If you really want to try to wrap your head around NFTs, there are some good articles here at https://cryptohayes.medium.com/, especially Rock Paper Scissors, JPEG the Jeweler, and Certified Rare.
Also some good tweet threads here:https://twitter.com/punk6529/status/1429399888786333697.

This is in no way an endorsement of Torelli or whatever he's shilling. Just some writing I found interesting on NFTs in general.

thanks for articles.

just so others dont get confused... Torelli happens to be using NFT technology to perpetuate a scam. Claiming that NFTs are a scam because he is using them would be the same as claiming online poker is a scam because he uses that in the hustle as well.

NFTs <> what ever he is pimping. They are simply a sexy sounding tech right now that he has latched onto and added to the pitch. He could be shilling the same scam and not used NFTs

Sorry but NFTs and BTC aren't even in the same ballpark. BTC like most stocks have proven to be a good long term investment

Imo NFTs are stupid but if I could afford 17 million for a crypto punk but estimated i could get some sucker to pay 22 million why wouldn't I buy one

That's the greater fool theory.

There aren't many idiots walking around with 22 million to blow and you have to find them or wait for them to come knocking.

This also applies to other assets: cars, artwork, wine etc.

Long term investment grade aside, other than cryptocurrency and NFTs being built on the same tech protocol, they have very little in common.

think more about minting a piece of art or buying one for $20 and selling it within a few weeks for $25,000. Lots more of that going on. there is a mix of gambling and skill to selecting the right art pieces. Then like all trading, should you sell at 5k after 1 day or hold on ?

Sorry but most stocks are not good long term investments. The long term stocks tend to be good investments because they are the ones that succeeded but far far more fail even before they are long term investments.

BTC may become a good long term investment (or may not). So far it does not qualify as long term much less good or bad. In investing long term is not 5 or even 10 years; LT stock is one you buy in your 20’s and 30’s and are selling in your 60’s or 70’s into your 80’s.

Note LT good investment need not mean forever. GM, T, DD, GE were all good LT stocks but all lost that standing and none may be so again Only time will tell.

This guy is the biggest scum in our game and he deserves to be ridiculed anywhere possible.

sure we dont know if BTC will have value in a hundred years. So their is some element of gamble. I still argue that comparing it to NFTs is comparing apples to oranges. For one while BTC may be relatively new its an old man compared to NFTs. It also has actually utility. To my knowledge limited as it may be NFTs dont. Try depositing to your fav poker site or buying something with a chubby penguin. Some small country peru i think is actually going to adopt BTC as its national currency . I admit though im not entirely certain if thats a done deal. IMO the only way BTC fails is if governments strangle it with regulations.

Also WTF holds a investment for 30 or 40 years? I get having a couple long term investments but aren't most pro investors constantly moving money around? Well that and intentionally running companies into the ground so they can profit through short sales

I have a jewelry box full of Alec essential oil necklaces…
The smells have helped me through turbulent table times. When I angle someone and get caught I take a whiff of purple spirit sage and feel better about myself

ok, we are now entering Tulip territory.

https://www.pokernews.com/news/2021/10/phil-ivey-nft-launch-moments-40145.htm

The chances of picking a company which is still around and succeeding in 30 or 40 years time is really slim. There's some brands I can think of which would probably be a good bet (Disney being one of them) for standing the test of time but I wouldn't go out on a limb to pick something much newer (eg. Facebook).

Buffett is the classic example of a value investor. But i'm not convinced pro investors operate in the same way.

When there is blood in the streets, buy property, even if the blood is your own..
.

Reminds me of the 2017 crypto bull-run, when every poker player out there suddenly became a crypto investor. Now it's more of the same just with NFTs on top of it.

Going to be interesting to see which NFTs survive a market correction and are still around for the next bull cycle, and which ones fade away, just like with shitcoins from the 2017 run.

But if you get in at the $300 level you can print more membership for new $300 players, it was at this point I’m like wtf?

That and talking about main event seats as though to insinuate you sign up it’s nailed on your playing the main event in Vegas.

Just stinks to me IMO