Quote:
Originally Posted by Fuzz
I'm not making a bet based on the value of something supported by irrationality. I have no control over the types of people who may boost the value, and also spend $23.7 million on things like this:
https://www.dexerto.com/tech/top-10-...-sold-1670505/
Not rational. |
Because this is the first time art sells for stupid amounts. This never happened before the digitalization of 'art'
I really don't see how this is an argument for anything. People can spend stupid money on anything they want, especially one of a kinds.
Would I? (assuming I could) - Hell No. But that doesn't mean people can't do whatever they want with their money. How is this an argument against crypto?
Sure uniformed people are buying NFT's as an investment and probably they will all get burned. Know what else happens? People buy physical art as an investment and get burned. "Art" is only as valuable as the amount someone else will pay.
How many of these would you say are good purchases. Does it make art a scam because fool pay these amounts for canvas art vs digitalized?
https://www.iloboyou.com/ridiculous-...-for-millions/