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Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.
I will most likely add it to the down payment of our “forever home” if the timing is right
You lose your BTC in that scenario when you cross the LTV, but its not like you're totally fucked.
Solves the tax problem. Is your exposure through gbtc or something else?
Either way, if/when it hits $100k, it will be a $2T asset that is growing at a faster pace than any asset in history with ~200% per year growth. I think that trading out of that to invest in something else is something you’d regret, especially when the addressable market for btc is like $100T.
my personal risk tolerance is to rebalance my crypto holdings occasionally, snap off some profits into lets say more historically sound investments
but we've had that discussion before
Couldn’t they also take the house you used the loan for?
No, the BTC is collateral. once you hit a certain threshold they will close it and take the coin as payment. It's why they don't need to do any sort of credit check.
Well gat dam
it's also why you're super over collateralized in crypto. you can only borrow 65% of your btc value, and 75% of ETH
god damn that is bullish
AIOZ launched yesterday and went nuts (did over 100x) so it's a bad time to buy at the moment but should be good after it corrections. It can also be bought on the BSC so you won't get raped by gas fees.
It's a streaming service similar to Theta but with allegedly better tech. Theta has 100x the market cap so there's a lot of room for growth even from where AIOZ is at now.
Others I've been holding are:
But mostly I mess around with shit coins and yield farming and ultimately all my gains are just used to buy more bitcoin
Own some VET, been doing quite well
Nfts= 2017/18 icos
Someone just bought an nft of the obsessed Gf meme (whatever the fuck that even means) for $400k. I think it’s safe to say that alt season is already here.
I don't understand the NFT and Top Shot type stuff at all.
i understand the 1k in cash i have from like a $40 investment
but beyond that
You made that off top shot?
*looks at my post*
*looks at your post*
*looks at my post*
Sorry just incredulous
The black bitcoin movement is fucking awesome
How do you not get it when you have a room of shoes in your house?
A top shot is no different from a diamond if everyone agrees it has value.
Now sure how those are related? Like let's say Air Max 1 Cherrywoods. Only 254 exist, released in 2009. Only 254 people can wear them. A video clip online? Anyone can watch it. I get the "anything has value is someone wilp buy it" but I just don't get why someone would want to buy it.
But it's not a diamond. It's a picture of a diamond that anyone can find in Google images.
If collectible shoes can be valuable, literally anything can be valuable
Neither has any utility whatsoever other than to be looked at. They are exactly the same.
Like I said, I get that perspective. It's worth what someone is willing to pay. I just don get why someone would. Like I don't get Pokémon at all but I get why those cards can be valuable. They are limited and only a few exist of certain ones. Lots of weird things are valuable. But they are real tangible things that only a few can put in their hands. Anyone can watch the Zion dunk on YouTube but someone is willing to pay $10k for the Top Shot video.
No, they aren't. Say you own a 1/1 Picasso. Only you own it. Only you can put your hands on it. Only you can look at the one he painted by hand. Other people can print a copy of it but it's not the same thing.
Again, I get that something has value if someone is willing to pay for it. I just think people are dumb for paying for a video that everyone else has access to watch.
The NFT collectibles get a lot of the attention because they are the ones with people spending stupid money in them. But isn't VeChain built around the idea of using NFTs in the supply chain world? It seems to be getting a lot of positive attention around it.
What are you going wear and decorate your house with in the metaverse? What cool stuff will you have to show off? Mostly kidding.
I can see my kid buying a set of clubs in Ultra Charlie Woods 2030 for .0001 ETH, selling them at a 50% loss, but applying the money to a new set in CW2031. I’ll make him do shifts at the local GTA server’s Burger Shot to pay the difference. I’m not sure how I feel about it all.
Im not arguing for the value of NFTs as much as I’m arguing that people have put value on dumb shit throughout history.
There definitely are real uses for NFT outside of digital art.
Agreed. The article linked above by User15000 suggested that NFTs shouldn't be used for authenticating when the current methods work well. I, admittedly, didn't read all of it.
Oh no doubt. People spend money on lots of dumb stuff, myself included. A lot of it isn't stuff I'd want, but I get why someone else would. The Top Shot stuff just doesn't make sense to me though. I don't get why someone would want to own them for huge sums of money.
im going to install a digital wall in my house to show off my nfts
Agree but we’re not going to see those for while
The collectables market is absolutely absurd rn. I think what most people think of as “nfts” fall into that category.
Reading the first 30 or 40 pages of this thread, on page 26 LMAO.
user15000 and dblplay1212 still having the same bitchfests today as back then, like the same words
On page 26, it’s October 2017. Bitcoin has just hit 5500, but no one knows it’s going to 18k and then crashing shortly.
A lot of posters used to post in this thread but no longer do. No southside or any other regulars still here outside gatorfromiowa
Everyone is very sure OMG, IOTA, XMR, XLM, and FCT are going to change the world, looking forward to reading the ensuing meltdown
November 27, everyone is starting to FOMO in
November 2017 to February 2018.....fucking DYING
Don’t quote me on that
how did that bburritos guy got his account actually deleted on here
Thanks Whammy good memories
He was way worse on the Factom thing than anyone else
Speaking of admin abuse there’s like a two month gap that looks like it’s been deleted. Thread goes from March to like May in one page
Also - poor colonel_forbin guy came in trying to pay off his students loans and lost it all on Factom
Hope he’s still alive
Oh man that’s terrible