Very. The amount of time on discord and trying to get WL/AL is a grind in itself. Then the amount of research into every single project which can at any time be a rug lol.

Overall, it's kinda fun to be honest. Probably cause it's like gambling :awwyeah:

oh definitely, it's a full time job if you want to be good at it. i was a zombie when i was heavily into it like 8 months ago, so i had to take a big step back in order to have a normal functioning life. some people can just go at it non stop though.

is it stupid and overvalued? mostly yes...
is it making people who put time into it tons of money? mostly yes..

All these people in discords taking each others' money I have no problem with. It's when NFT people rip off mainstream users with things like the Formula 1 game or by way of NBA athletes and shoe brands and what not that kind of bothers me

99.9% of these athletes, shoe brand top shot nlb stuff are made by the same corporate entity, celebrities that have been ripping people off since before the internet.

Minted an official ghostbuster collection a while back and it went to zero faster than you can say chess and the people behind it ghosted everyone. And it was an official collection lol.

these projects put on a veil of legitimacy because they are corporate and famous is more disgusting than the obvious rug and degen project, at least these project never pretend to be legit and for what is worth, provides a great laugh.

Wouldn't call them "NFT people" just the same old crooks from the same old establishment

That may be true, but at least when someone overpays for a pair of shoes with someone's name on them, at least they have a pair of shoes! And the enjoyment of wearing them.. Some of those air cushion shoes are damn comfy LUL

But... in this case you get a piece of digital art

You get a receipt for a URL pointing to a piece of digital art that you can get without the receipt for free.

The receipt doesn't even give exclusive rights to that art (though some might), so normally you can't, say, buy it and reproduce it on t-shirts or posters or turn it into a logo or whatever.

STEPN I mention way back is making a killing right now. the Shoe NFT itself went from 7SOL to around 10-11SOL per pair.

Making about 9.5 GST token per day walking for 10 mins or so outdoor. At the current rate of $4.5 USD per Token. That is around $53 Canadian a day or $1590 per month. Crazy.

I use to slack off on some days walking my dog,making it a regular habit now lol EleGiggle

You better cash those in now! They'll be worth fractions of pennies in no time

Anyone watch vinwikis blown up, 2mil Lambo NFT series?

999 nfts sold for 2mil or 2000$ each. Out of all nft garbage, I can see this one actually being worth something 10 years from now, assuming nfts aren't snake oil by then

Why do you think it will be worth something in 10 years?

Quit trollin :lol

Thank for the advice lol. I hope to be a virtual shoe billionaire in due time SeemsGoodSeemsGood

All jokes aside if you are in NFT and not securing profit regularly. You are doing it wrong lol. Risk management should be practice here just like doing any sort of speculative investment.

If you have been in the space for 4+ months and Havnt secure any profit (whether that is back into coin or stablecoin/fiat) you have no one to blame if and when the cards come crashing down.

Personally I’m seeing topping out of valuation on ETH side and liquidity starting to dry up. So I’m hopping to pond to my favourite shitcoin Solana where the valuation is still relatively resonable and a chain that is a favourite for VC capitals.

Not denying the ponzi ness of what is happening in this space. But there is definitely money to be made and innovation to be seen.

STEPN is nth reincarnation of the original cryptokitties model
(infinite supply collection) Axie infinity was the last successful one that is falling apart due to shitty tokenomics. You can clearly see improvement each time a new one comes out.

I know the public is still wary of NFT space in general but the bigger company are definitely placing their chips all over seeing what works and what doesn’t.

You want to get in on these before the general public are even aware of the earning potential. STEPN is still relatively under the radar.

Something rare in real life, has a high value, was destroyed, with video, then turned into limited nfts

It's a first, it can be copied, but will never be a first

It has the car market "backing" it, vs random art made by a nobody

The same reason Picasso is famous, his work is garbage and a 5 year old can draw it, but its unique and stands out from all the others

This is all "if" nfts aren't snake oil in 10 years

Sorry to break your heart, one of my non-troll posts mikehgm

You guys can all shit on me 10 years from now when I'm wrong :accepted:

Ps, anyone have a Gemini CC?
My email just showed up for ordering one

Edit: nvm it's a sham, not available in canada

Hey,

Does anyone know how crypto rewards with credit cards work in regards to taxes?

If I have a crypto.com visa and I get 2% back in CRO, is that considered tax free? When I get TD Visa rewards/cashback, I don't need to claim that on my taxes. How does it work for crypto rewards via their credit card?

Just made a deal with a guy to buy his rig. 440 MH/s for 6k. The cards are all AMD 5600 and 5700 series. From the picks it looks like a really well build rig running 3 PSU's. The guy is even delivering it and helping me set it up. He says he has built over 60 rigs. With POS being delayed till next year I should be able to break even.

Manic, what are your returns on all those staked "time token" and whatever other stakes you YOLOd into?

Did anyone in this thread make cash money's off those?

That was a loss but learning experience.

Anyone that watches YouTube, careful out there

There's accounts that are hijacked,
They post a live video, with a title "we expect 200$ per xrp" or some shit,
That video, is someone else's video about crypto, that has been already posted (someone reputable)
There's a scam website attached to the "live" video, and on the sides it has "send 5xrp, get 10xrp back" "send 1000xrp, get 2000xrp back"
Some websites are not working, others are still up, all they need is a few fish

In reality, it's a very well done scam, and unfortunately, who ever is doing these, can very well make thousands in minutes or hours.

This link has been active for 10 hours
The profile name has been changed to ripplexrp, when the older videos on the channel show some Russian snowboarding and eating blogs or such

This one is "Tesla corporation" with Elon on an old podcast, listed as a YouTube fundraiser (probably real) but fools the person to think the video is trustworthy. 7000 views in an hour


Absolutely disgusting. Modern day scams, except it's not on old grannies from "Microsoft tech support", but on younger gullible generation

You need to report them to youtube. Just hit the flag.


Got this from compass mining.

fck putin!!!

I lost about $2k USD

haha, definitely a learning experience.

Just curious on the rationale of investing in a mining rig at this point in time with just the goal to break even. POS is a certainty, only a matter of time.

Why not invest that same chunk of money even on stablecoin with 8% apr?
Mining rigs are even more illiquid than NFT.

Geninuely curious, as I still see a lot of people buying mining rig even though they know they are racing against time.

POS has been delayed till next year, I like playing with hardware, and I wanted to hit 1 GH/s.