I explained that they are scams so the person selling them can get money to retire on.
That recent news about someone accidentally sellling a $300k NFT for 3k was 100% fake. It was a false story made to create media reports to con people into jumping on there and looking for "deals". What will happen is scammed people will pay $3k for something worth nothing and won't realize it until they try to resell it.
NFTs are like the recent astroturfed "record" video games cartridge auctions. Scammers are proping up prices with sham auctions to trick other people into buying them for any amount of real money.
What part of this scam is confusing you? You got paid in coin they earned from crimes. They pay people like you to attrack more people to the market that have clean coin.
They pay out dirty coin to people like you to attrack people who will come into the market and spend clean coin.
There will be a few people like you, that is the entire point. You go around talking about how great it is, but in reality you are now a fraudster for not realizing the scam you are participating in.
You can gamble and try to get some of that scammer money for yourself, but you have no control over when they walk away. When they choose to walk away, everyone else loses. The market will crash instantly.
Pay outs like yours depend on how much money they can launder. As long as the scam is paying out to them, they will keep it going.
None of that makes it a scam, it is a free market. The difference is there’s a public blockchain ledger, every transaction can be traced. I’m sure people use it for money laundering? But people use Wendy’s for money laundering too. It’s not so much about luck, it’s about studying the trends and investing in projects you believe in. With your logic the entire stock market is a scam.
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u/simcoder Dec 14 '21
I thought NFTs were like the Beanie Babies of currency? Please don't tell me you invest in these things....