Lost money on NFT

baker6743

I bought a NFT through Opensea from a well know collection, but the next down opensea took it off. 
I'm not sure why this is and didn't get notifications about it. How can you purchase theses and know they are going to take it down? 

dunstonh

but the next down opensea took it off. 

next day?

How can you purchase theses and know they are going to take it down? 

ask them? - perhaps someone just beat you to it.  Perhaps they decided they wanted it and cancelled your purchase (and will approach you soon to sell it to you at an increased price).

This is the savings and investments section.  You may get a better answer in a section more appropriate.  I don't know if the board has a site where things like Dutch tulips can be discussed.

Emmia

NFT's are scams in my opinion. 

I appreciate that there are lots of NFT fans out there. But honestly I don't understand the attraction in paying to have a link to a thing (that can be taken down at the drop of a hat), rather than the actual physical ownership of that thing. 

I'd rather have/buy a raisin, than have/buy a link to a picture of that raisin. 

london21

Contact the company that sold it to you.

To me NFT are like the next bitcoin. Don't understand it so stay clear of it. 

Scottex99

What collection? Do they have a Twitter? What’s the txn ID?

masonic

gavin7 said:

I bought a NFT through Opensea from a well know collection, but the next down opensea took it off. 
I'm not sure why this is and didn't get notifications about it. How can you purchase theses and know they are going to take it down? 

Is it not normal that an auction site would remove a listing after the item had been sold?

george4064

Shouldn’t you have a QR code or something as proof of ownership?

Scottex99

Emmia said:

NFT's are scams in my opinion. 

I appreciate that there are lots of NFT fans out there. But honestly I don't understand the attraction in paying to have a link to a thing (that can be taken down at the drop of a hat), rather than the actual physical ownership of that thing. 

I'd rather have/buy a raisin, than have/buy a link to a picture of that raisin. 

That doesn’t make it a scam.

The value in the punks and apes is clearly subjective but right now that “art” is being traded for millions.

For me a huge utility is in gaming, items and property etc in game. Skins already trade for millions. Imagine your gun in COD or your player in FIFA is now and NFT and it’s very rare. Suddenly it has value to other players…

barnstar2077

As soon as I read that an NFT doesn't necessarily mean you own the copyright was the moment I stopped being interested.

People are so desperate for the next get rich quick scheme that there will always be another crypto/NFT/tulip on the horizon.  At least if worse came to the worst you could always plant a tulip!  : ) 

Emmia

Scottex99 said:

Emmia said:

NFT's are scams in my opinion. 

I appreciate that there are lots of NFT fans out there. But honestly I don't understand the attraction in paying to have a link to a thing (that can be taken down at the drop of a hat), rather than the actual physical ownership of that thing. 

I'd rather have/buy a raisin, than have/buy a link to a picture of that raisin. 

That doesn’t make it a scam.

The value in the punks and apes is clearly subjective but right now that “art” is being traded for millions.

For me a huge utility is in gaming, items and property etc in game. Skins already trade for millions. Imagine your gun in COD or your player in FIFA is now and NFT and it’s very rare. Suddenly it has value to other players…

Ok, its a ponzi scheme - in the short term people see it with huge 'value' until they don't and someone is left with a bit of nothing that they paid a lot for... but can't sell.

COD and FIFA don't do much for me, but they are obviously popular with others.

Scottex99

And where do you get to that conclusion from? Have you ever bought an NFT?