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A rather risky investment...

grumiofoundation
grumiofoundation Posts: 3,051 Forumite
Fifth Anniversary 1,000 Posts Name Dropper
in Savings & investments
The Mona Lisa of the NFT world seems to have lost 99.98% (2.d.p) of its value in just over a year. 


https://www.bbc.co.uk/news/business-61102759
(mistake in the maths in bbc article, should be 0.02%)



Comments

  • Albermarle
    Albermarle Posts: 30,753 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Even more interesting is that he was boasting he would be able to sell it for 16 times what he paid for it .
  • Mr.Saver
    Mr.Saver Posts: 521 Forumite
    Fifth Anniversary 500 Posts Name Dropper Photogenic
    masonic said:
    I don't think it's actually "lost" any of its value. Confusing price and value is how such unfortunate situations can occur.
     :D I had my laugh of the day by reading this twice. 
  • tebbins
    tebbins Posts: 773 Forumite
    500 Posts Name Dropper
    masonic said:
    I don't think it's actually "lost" any of its value. Confusing price and value is how such unfortunate situations can occur.
    It had no value to lose in the first place.
  • Prism
    Prism Posts: 3,859 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    tebbins said:
    masonic said:
    I don't think it's actually "lost" any of its value. Confusing price and value is how such unfortunate situations can occur.
    It had no value to lose in the first place.
    I preferred Masonic's version of the joke..
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