Domain: tiger-web1.srvr.media3.us Can we revisit the wonderful insanity of the NFT era? | Page 2 | O-T Lounge
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re: Can we revisit the wonderful insanity of the NFT era?

Posted on 3/2/26 at 7:06 am to
Posted by LouisianaLady
Member since Mar 2009
82925 posts
Posted on 3/2/26 at 7:06 am to
I don’t know what a HDOL is
Posted by Scruffy
Kansas City
Member since Jul 2011
76821 posts
Posted on 3/2/26 at 7:07 am to
quote:

My husband sold one for $65k.
Some people lucked out.

A couple we know created one of the frog NFTs and made a good bit of money.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
471826 posts
Posted on 3/2/26 at 7:08 am to
quote:

I don’t know what a HDOL is


What does HODL mean? 7 top bitcoin slang terms explained

quote:

The meaning of HODL

HODL is one of the most frequently used slang terms in the bitcoin community. Some people occasionally say, incorrectly, that HODL is an acronym for “hold on for dear life.” While that acronym is accurate, it’s a bit of revisionist history. It turns out, HODL actually originated as a drunken misspelling of the word “hold.”

Long ago, an enthusiastic Bitcointalk forum user by the name of GameKyuubi posted a semi-intelligible tirade (after a few drinks, he admits) about an unfortunate bitcoin trading decision he made during a volatile price rally in December 2013.

In his post, he wrote, “I AM HODLING” in an effort to communicate that from that point on, he would simply hold his bitcoin instead of selling, no matter the market conditions. Within hours, the typo found its way onto every bitcoin community channel in the form of memes and GIFs, catapulting HODLing into crypto-vernacular history.
Posted by Proximo
Member since Aug 2011
23175 posts
Posted on 3/2/26 at 7:10 am to
They’re still sold, the bored apes are going for $12k still. Buy the dip baw
Posted by touchdownjeebus
Member since Sep 2010
26467 posts
Posted on 3/2/26 at 7:15 am to
quote:

I would argue a piece of cloth with plastic beads inside is not an actual product either


If that were true, I wouldn’t have failed at convincing my first wife to get rid of a giant fricking sack of them.
Posted by castorinho
13623 posts
Member since Nov 2010
87158 posts
Posted on 3/2/26 at 7:55 am to
NFTs changed my life. Transitioned from there to crypto and finnaly hit the jackpot last year with the TRUMP coin
Getting in early was the best decision I've ever made. Shout out to Rocket31

Posted by cgrand
HAMMOND
Member since Oct 2009
47700 posts
Posted on 3/2/26 at 7:56 am to
not sure if serious
Posted by castorinho
13623 posts
Member since Nov 2010
87158 posts
Posted on 3/2/26 at 7:58 am to
quote:

You know what was really funny about those NBA NFTs?

You didn’t actually own the highlight.

You couldn’t use it to make money, couldn’t market it.

You only owned the “NFT”.

You could only trade the NFT for money. That’s it.

How did people fall for this stuff?


The parallel is card trading. It's not that hard to make the leap.
Now obviously, prices got out of hand (understatement), but the concept is straightforward and you don't have to worry about authentification/grading etc. It just lacked adoption.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
149292 posts
Posted on 3/2/26 at 8:01 am to
RJones was hawking his funko nft avatars like crazy. First he was going to get rich. Then they were a good place to park value and normies just went smart enough to understand. Then he was collecting them because it was just a fun hobby and he liked the way they looked. Then he disappeared, probably out of embarrassment for his sake.
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
155943 posts
Posted on 3/2/26 at 8:06 am to
quote:

I always wanted a Trump NFT

Just right-click the pictures and save them. Now you “have” it.

Thus the absolute stupidity of it all. I remember several people (rocket, jones) around here who were all about them. I’m not even saying you couldn’t make some money from it, because people in general are fricking idiots. But the whole idea behind it was laughably silly.
Posted by LouisianaLady
Member since Mar 2009
82925 posts
Posted on 3/2/26 at 8:08 am to
Keep up, slowpoke. He’s buried in my backyard and I am rich off the ape money.
Posted by castorinho
13623 posts
Member since Nov 2010
87158 posts
Posted on 3/2/26 at 8:09 am to
quote:

Just right-click the pictures and save them. Now you “have” it.
as long as you say the same thing about the sports cards market.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
149292 posts
Posted on 3/2/26 at 8:10 am to
quote:

Keep up, slowpoke. He’s buried in my backyard and I am rich off the ape money.
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
155943 posts
Posted on 3/2/26 at 8:15 am to
quote:

as long as you say the same thing about the sports cards market.

Why would I say that? They aren’t the same thing (even though I get the point youre trying to make).
Posted by castorinho
13623 posts
Member since Nov 2010
87158 posts
Posted on 3/2/26 at 8:22 am to
quote:

Why would I say that? They aren’t the same thing (even though I get the point youre trying to make).
I mean your reply should be the exact same thing if someone said they wanted to own a certain MJ card.

As I said earlier in the thread, it got out of hand for sure but if trad. collectible markets makes sense, you should understand what the angle was with NFTs. But the market ways prevails, and the market has said this shouldn be a niche thing. And some (very very few) are still thriving with it.
Posted by LordSaintly
Member since Dec 2005
42760 posts
Posted on 3/2/26 at 8:22 am to
I bought two pictures of cartoon pigs for $50 each. I could have sold them for $5,000 a piece, but I held too long.
Posted by Ed Osteen
Member since Oct 2007
59119 posts
Posted on 3/2/26 at 8:24 am to
It was so obviously a grift at the time, the name of the game was don’t be the last one holding the bag
Posted by Motownsix
NOLA
Member since Oct 2022
3214 posts
Posted on 3/2/26 at 9:12 am to
Are you trying to sell those beautiful make america great again trading cards? No one is going to sell them.
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
155943 posts
Posted on 3/2/26 at 10:18 am to
quote:

I mean your reply should be the exact same thing if someone said they wanted to own a certain MJ card.

But it's not the same thing at all outside of both being "collected." And one of them is an actual, physical, tangible thing with value while the other is an easily copy-able digital thing with perceived value that isn't really based on anything other than a fad. Outside of being a cool/fad/trendy thing, there was no inherent value in something like an NFT. Something very easily replicable and easy to "own" by anybody.

So again, there was money to be made short-term with them...I don't argue otherwise. But that's only because people are stupid and gullible, and almost universally, the last person left holding the bag when the jig was up gets fricked and loses all of their invested money, while the people who took advantage of dumbness were likely able to make at least some money with it.

But your comparison to the MJ card is laughable, but it is exactly why the NFT market took off for a short period of time. Because those two things aren't remotely the same, yet people acted like they were. That MJ card still holds value today, whereas NFTs almost universally (as even you stated in your post) are worthless since the fad is over.
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
155943 posts
Posted on 3/2/26 at 10:23 am to
quote:

That's the whole "secret esoteric value" part.

The real value in NFTs was the purported big brains egotistically/sarcastically explaining to dullards the (paper) value in NFTs when normal people asked why they were worth anything.

Correct me if I'm wrong, but isn't this the same thing that goes with the memecoin bullshite? The whole "this has value because we say it does, so get in now before it really takes off!" schtick?
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