NFT investments 21 February at 1:48PM in Savings & investments 6 replies 242 views

Huynha

I know that this may sound like a silly question but I've been hearing about NFTs lately and I was wondering if investing in some would pay off in the future. I've heard some great stories when people have become off richer because of it. Should I consider purchasing a NFT?

msallen

Sure why not. I've got a bridge you might be interested in too.

dunstonh

Huynha said:

I know that this may sound like a silly question but I've been hearing about NFTs lately and I was wondering if investing in some would pay off in the future. I've heard some great stories when people have become off richer because of it. Should I consider purchasing a NFT?

I must admit that the collapse in NFTs happened quicker than I expected.  I thought that there would be more stupid people that would fall for it before it collapsed.   Encouragingly, there are not as many stupid people out there as I thought.

Johnjdc

If you want a digital certificate stating that you own the right to tell people you own a digital certificate, which represents some low grade artwork, but you don't own the artwork, physically, intellectually, or as a matter of copyright law, sure. You might find someone down the line who wants that even more than you do and sell it to them for more than you paid, though it's beyond me why.

Albermarle

Should I consider purchasing a NFT?

If you do then I hope it does better than the NFT of the first tweet on Twitter.
Bought for $2.9 million . When the owner tried to resell it the best bid was $ 120 .....

IvanOpinion

Arguably all investment is gambling, but, for me, NFT goes in the same category as art, whiskey, ostriches, bitcoin etc. .. in the long term you better like what you bought because the odds are that it ain't gonna be worth much.

bostonerimus

NO!