A friend's brother got in to NFTs, has made roughly $200 (as in he dropped $3,000 on several NFTs, some of the less valuable ones he listed for a mark up and other rubes were willing to buy, the rest he is "holding". ) and has started acting like all the other smug internet entrepreneurs. He thinks for some reason that the rest of his NFTs will also sell, despite the fact that the ones he did manage to sell were like $25 a piece that he spent $10-15 on and rubes are more likely to commit to that than a "high end" one he'll list for over $1k that he spent $500 on as if the ROI will carry over.
I don't remember the specifics because both he and I were quite inebriated but I swear he said he showed some of the pictures to his infant niece and she pointed at a specific one and that one "rose" the most in terms of value after being "appraised" and how his niece will be a genius millionaire NFT trader in the future.
He also said NFTs are good for overall health because it takes away anxiety and stress...somehow. I think he may have meant it in a mind over matter thing, believing in it kinda gives you hope that you'll be a rich douchebag? I can't say for certain.
He also thinks they should be exempt from capital gains tax.
A friend's brother got in to NFTs, has made roughly $200 (as in he dropped $3,000 on several NFTs, some of the less valuable ones he listed for a mark up and other rubes were willing to buy, the rest he is "holding". ) and has started acting like all the other smug internet entrepreneurs. He thinks for some reason that the rest of his NFTs will also sell, despite the fact that the ones he did manage to sell were like $25 a piece that he spent $10-15 on and rubes are more likely to commit to that than a "high end" one he'll list for over $1k that he spent $500 on as if the ROI will carry over.
I don't remember the specifics because both he and I were quite inebriated but I swear he said he showed some of the pictures to his infant niece and she pointed at a specific one and that one "rose" the most in terms of value after being "appraised" and how his niece will be a genius millionaire NFT trader in the future.
He also said NFTs are good for overall health because it takes away anxiety and stress...somehow. I think he may have meant it in a mind over matter thing, believing in it kinda gives you hope that you'll be a rich douchebag? I can't say for certain.
He also thinks they should be exempt from capital gains tax.