What’s going on NFT bros? This doesn’t seem good.
NFT owners getting rekt
What is going on? Someone explain
> "unbanked"
> still buying on margin like a retard
> get fucked over when liquidity tightens
no refunds!
LMAO at crypto fags
Did anyone here buy NFTs? Can someone explain why they have value? I’m too dumb to understand it.
he should blame that Jessica girl - the 20 year old whore who got fucked on girls do porn and is now head of lending at Celsius.
Someone have that link?
>margin
>liquidity
Explain it like we don’t understand Jew-speak
Yeah. here's the girl who's laughing at FlyingSpoon.
its not crypto, retardo
images get a code that makes them unique and gives you the ownership. long story short: its based on retardation and the willingness of retards to put a single cent into funny monke pictures
crypto beanie babies
dont crai because its over
smile because it happened
Actually you aren't dumb enough to understand it. Its fucking stupid and its a scam. Just like crypto. Its value depends exclusively on the ability to con people into believing it has value. This is why every negative opinion on crypto is attacked or dismissed by people saying "well your just too dumb to get it." Anyone who doesn't blindly believe it has value is a threat to its value. Its just lines of code. Crypto is nothing. The grid goes down and guess what? You're sucking dick for potable water, because you have NOTHING. Same with NFTs. Lines of code.
Anyone who fell for NFTs deserves the ACK'ing they're about to receive financially
Biden needs to pass a law that forgives NFT loans, wtf.
suicide epidemic soon?
>no refunds!
This faggot has a point.
>This is not why I unbanked myself
Things that didn't happen
retard borrowed money short term and gambled it on the coin going either higher or lower (probably higher given margin call.) Margin call says you must pay us the difference between the value of the borrowed money when you first took it out vs amount now (you borrowed 5k and it's now worth 3k -> margin call 2k.) They froze transaction so these people can't pay their margin calls, meaning they take all 5k back + fee + tip at whatever value your stuff is now (you're gambling it's gonna go higher, so selling now fucks you hard)
>Profile pic is a stoned commie monkey NFT
Degenerates get no sympathy from me
>Dear N
It's based on some invisible force which cannot be seen.
holy shit
He bought stocks he didn't have cash for which then declined. Broker liquidated to avoid taking the L for him. I don't use crypto but I am guessing that this crypto platform has to have an inventory of crypto to do transactions with and they have been taking losses on it
NFTs are retarded on mainnet, it’s a link to an image. The image itself isn’t on chain, just a link to an Amazon s3 bucket that contains your image, better hope that Amazon project owner pays their bills forever
isn't stonetoss a crypto fag who sells NFTs?
holy shit:
>24 years old
>manages a multi-billion dollar loan portfolio
This is what happens when you put kids in charge
This was always my take. Get your name on earning assets like real estate, stocks, private businesses, farms. Teach your sons to start early and stick to the plan.
>create a new "digital currency" that somehow has inherint value becasue something about computers solving equations
>but also you can only value it in US dollars if you want to buy some
>newly created currency is somehow now woth trillions of US dollars
>even though the US mint has not created those trillions of dollars
tell me where I'm wrong.
>wealthy idiots are paying tens of thousands of dollars for poorly drawn digital images of monkeys
NFT is a concept, not an item. bugmen and techtards rekt.