discuss Are you putting money into crypocurrency or nfts that would have gone into domains?

[equity78]

With all the hype and action around NFT's and Crypto some are getting bored with domain names. Someone I have known for awhile in domaining called me and asked if I wanted to buy all his domain names? (Short answer:NO!). I asked him why he was selling, he does not own a ton of domains probably 300 to 400. He said he was bored and his friends some a fair bit younger than him were making a ton in crypto and he felt like he missed the boat.

Perfect example of FOMO (Fear of missing out). He asked me if I thought it was a smart move? Not my call, I said, I don't know your hopes, dreams, responsibilities and liabilities. How about risk tolerance? I don't know enough about crypto and nfts to give that advice anyway. although I feel like that education has become a part of almost everyday.

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

 

[FolioTeam]

With all the hype and action around NFT's and Crypto some are getting bored with domain names. Someone I have known for awhile in domaining called me and asked if I wanted to buy all his domain names? (Short answer:NO!). I asked him why he was selling, he does not own a ton of domains probably 300 to 400. He said he was bored and his friends some a fair bit younger than him were making a ton in crypto and he felt like he missed the boat.

Perfect example of FOMO (Fear of missing out). He asked me if I thought it was a smart move? Not my call, I said, I don't know your hopes, dreams, responsibilities and liabilities. How about risk tolerance? I don't know enough about crypto and nfts to give that advice anyway. although I feel like that education has become a part of almost everyday.

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

Short answer is No.

But I have money spread across different asset classes including domains and crypto, shares, bonds, T-Bills, equity funds, real estate etc. All in different proportions depending on my risk appetite.

Dumping all your investment money in one asset or instrument is one surefire way of making it big quickly or getting wrecked quickly; the latter being the case 99% of the time.

 

[bmugford]

You sound salty @HexPixel_com . Missing out on the boat. Jump in before you are left swimming with the sharks. Amazing how ignorant sompe people here are.
Get used to it chum. whether it's .eth or . crypto or .com it the money you get out of selling it that matters.
And anybody touting there is no future in Nft's and decentralized domains are foggies who should be digging theit own graves soon.

If people are making money why are they so pissed off about not being able to convince others?

It seems there is almost a cultish like devotion in some of these NFT communities that can't accept any alternating opinions.

Look some people just think they are stupid (especially the "artwork" aspect). It doesn't matter if they go up in value. They still think they are stupid.

I think Jackson Pollock was an overrated painter, whose artwork sucks. That doesn't mean others won't pay millions for his paintings.

The difference is the attitude in a bunch of these NFT collectors. I have never seen an investment community so toxic to outside people really, and this is mainly from the things I have seen some other domain investors say.

Brad

 

[griff]

yes, although i wouldn't consider liquidating any premium .com's - just pass them off to good brokers instead.

every generation gets a "dot com boom" moment & for anyone younger this is it - probably the only decent chance we'll have to secure our futures because even a good job doesn't cut it anymore. do the due diligence, learn risk management etc. and you'll make it in a big way.

 

[musiquecomforsale]

You bet I am! There's a reason why I'm willing to part with my domain musique.com (shameless plug) for dirt cheap. The gains in cryptocurrency are unbelievable. Like an old man once said. When it's time to cut your losses, it's time to cut your losses.

 

[jhm]

A portion of projects have done well ...even if 99.99% are trash

Bitcoin sucks. Some stuff being built on Ethereum is decent. No industry like crypto, in terms of gains. Stuff goes to the moon (even the bad stuff)

 

[Mister Funsky]

So are members here taking money intended for domain names and instead switching it out into CryptoCurrency/NFTs?

Nothing...nada...nil...zip

 

[equity78]

Nope.

Nfts remind me of the Dutch Tulip.

Sorry, fellas.

Samer

A story that wasn't actually true?

https://www.history.com/news/tulip-mania-financial-crash-holland

 

[Blueforever]

Now is probably the best time to buy domains as everyone seems to be focussed on bored apes nfts and crypto.
To be honest, I have made more money in crypto this year than my entire time in domains.
Crypto is just easy money where you don’t really have to work. Domains can be difficult to sell (at end user prices) even if you have a top premium name.

 

[DomainBarracksRob]

It really baffles me how people can be this naive and call NFTs "collectibles".

Main aspects of NFTs:

* An NFT is just a pointer - could contain a URL, or just a number used by its smart contract.

* The artwork is just pointed to, it's not on the blockchain. The exact same artwork can be copied without any restrictions, which would be impossible for an actual painting on a canvas.

* The URL may or may not exist for any given length of time either. (Even some NFTs that tried to point to IPFS, actually pointed to an IPFS redirector.)

* No other rights - copyright, moral rights, reuse rights, etc - are conveyed without an explicit contractual transfer. You neither have commercial use rights or any other rights, if it's not in an actual written contract, signed by the artist and you with real ink.

Show attachment 198284

NFTs are nothing more than a URL pointing to a file on a server. Nothing is stored on the blockchain itself, just another scam to make people think that a worthless "thing" has any value whatsoever. In addition, NFTs are good vehicles for money laundering.

It baffles me how Uninformed you are, and think because you understand how a nft URL works, you understand the WHOLE NFT MARKET as a whole...smh

FUNNY HOW PEOPLE NOT ACTIVELY INVOLED IN SOMETHING CAN STRONGLY TELL EVERYONE ELSE THE INS AND OUTS AND ITS FUNCTIONS. You all baffle me with your thick visors on...GET IN then make your "assumptions".

JUST BECUASE anyone can make a NFT.....doesn't mean "NFT" or the Tech or EVERY company/project behind them are junk or even out there trying to sell "art"

Some HAVE A MUCH LARGER SCALE PROJECT GOING ON...and people with your POV are going to sh*t them selves in another 6 months when you see what's coming, to the "BIG SCREEN".



Find a GOOD PROJECT /START UP , with a roadmap, and then maybe Join their Discord and get in there and lean A BIT more than you actually know right now.

.......You're missing the whole rest of the PIE as your only looking at the bottom crust layer.....and clearly don't understand whole the "COLLECTIBLES" is applied!

TCG community going to show you otherwise. THE TCG community and collectibles are so enter twinned ....That If you saw the PASSION between individuals going on behind all your news and articles, and bothered to JOIN a project get onn Discord and talk, ...you'd see there's nothing but LOVE and ENJOYMENT of people on the the Same project TRADING and swapping there NFTS with each other, and nothing but pure happy comments..."FIRE, omg LOVE it!" People get attached to there "characters "quick ...NO I'm not talking about some butt ugly pick you found on your thumb drive from 6 years ago either......I'm talking about one where the Artist, The Company, and the Characters, you can't help but LOVE.......DYOR...but the project I'm part of is has not been around long..and our community IS FIRE!

Of course scammer will always be around nothing new!

Everyone rushing to say NFTs are just for money laundering

CLEARLY haven't a clue what's going on , and that's the same think a ill informed person on Domains would say to someone whom just sold a domain for $1Mil

ALSO..LOL there's s00oo manyyyyyy people in NFTs the NUMBER of PEOPLE joining each day

Age's from teens, to College students, to just people who like art, or your local MTG(Magic Card Shop Players, and video Gamers JOIN EVERY DAY)

IF YOU TRULY THINK ALL THIS EVERYDAY CONSUMERS ARE JOINING TO LAUNDER MONEY, you're off your rocker LOL half them have no money to launder,

Most are there, to Make money, Create, Trade, and or Enter Act with like minded people

perhaps 1% or less of the active PEOPLE in NFTs...are the scammers and tax evaders, you and many like you are so quick to imply.

Also The Original Creates of the NFTS..if the ART used is original, there is IP and Ownership royalties' and more depending on who/what project you're looking at!

and YES when you MINT a NFT on the BLOCKCHAIN and the contract address is created...you have then have a PROOF of PROVENANCE- ( Proof of ownership in Art world)



You talking about NFT's and their pointer URL and Believing you know all there is to the entire NFT space...
Is like me saying I know how to change a DNS... So there for I understand how to build a website, and write the code myself, as well as understanding, why people would want to buy my website, and pay me to write there code and more....

LOL not even close!


It's the same with all the anti crypto people that don't even know how to load a wallet or send btc, eth etc to there friend..


The people out here telling others what it feels like to BE DRUNK having NEVER BEEN drunk....LOL BAFFELS ME!

Good Day

 

[equity78]

every generation gets a "dot com boom" moment & for anyone younger this is it -

That's a good take, will be interesting to see how it all plays out with NFTs.

 

[Samer]

Nope.

Nfts remind me of the Dutch Tulip.

Sorry, fellas.

Samer

 

[Amit V]

Bought tons of Ada under $1 so dont regret it. Am a hodler and plan to sell in 2030. Now looking for the next low cap with 100x potential.
And I may be totally wrong but have the feeling that crypto & Nft's are interfering with domain sales.

 

[DomainBarracksRob]

Rob I read a good article that said the next generation of NFTs will be dynamic, can you tell me what that all would entail and do you agree?

Basically, long as you understand the fundamentals of NFTs, the Dynamic NFTs are not a far stretch in terms of the tech evolving.

Take for example Collectable Trading Cards(as I’ve strongly pointed out prior ) …a Sports cards of a NFL player minted NFT with stats player stats, that you could move on and off chain or Port onto a Video Game platform….this dynamic upgrade would also allow for it to upgrade the stats of the player in real time, say after each game, (not sure if that means re-minting clone or what, I’m still learning each day) but it be that the function of your NfT would do more than just site in your wallet, but act as transportable in and out of Game items and Merch …think Loot Crates in game, but being interchangeable between platforms, and the ability to go on or off chain.

I believe there huge potential behind all this.


This also goes much further than games and collectibles…as people worry about scams and OpenSea proctection

dynamic NFTS could solve much of that, by create real time time ID verifications when connected to Oracle networks by fetching data via IOT. Basically a NFT could query a smart contact in real time and verify it almost instantly, by linking say a digital ID or your passport to a NFT on the blockchain, it’s a public ledger, hence allowing for instant verification.



There so many use cases, and so much more than just ART good or Bad that will come from the tech of a non fungible token …it literally had the potential to reshape out digital world and the internet as you and I know it.


I’m no expert lol, but I’m trying to learn and absorb as much of it as I can, luckily I’m a fast leaner…I also own a few NFTs and enjoy seeing them in my wallet and chatting about them with my peers within that community

 

[Grego85]

I'm not going to put any real money into it. I'm open to trading domains for NFTs or cryptocurrency, but that is as far as I go for now.

 

[MustaAras]

I think domains and Crypto/NFTs are feeding each others. They are not competitors. Since i have started domaining almost all my major sales came through crypto related domain names. To be honest, if cryptos are having their peak time, my crypto related domains are having their highest traffics.

 

[Kingslayer]

I am tempted to buy a small amount of Bitcoin (£100), just to see how it all works. I've just been reading a few news articles that from this week people in the UK can now buy crypto through PayPal, so may give it a try some stage, but will never be all in with it (but wish i was a few years ago).

 

[Robin A.]

No thanks Rather diversify: dividend shares, mining shares, REITs, physical gold and silver, domains, and a bit of crypto. The only time I would go all in on something would be if I actually had the funds to buy a below-market value 10+ apartment complex, fully rented out, in a top location.

 

[HexPixel_com]

A Picasso for you @Amit V , next gen NFT, tokenized shares. Don't know what you mean with "Missing out the boat" though, this "industry" just started.

 

[equity78]

[QUOTE="bmugford, post: 8378143, member: 54578"

The difference is the attitude in a bunch of these NFT collectors. I have never seen an investment community so toxic to outside people really, and this is mainly from the things I have seen some other domain investors say.

Brad

In all fairness, not from you at all …

but started in another thread last week, the attitude came and stems from others, making fun of mocking others for being into NFTs….

when you have to justify why you support something, while basically being called a moron, stupid, silly and and basic insults …and then deal with these comments coming from ones who haven’t a clue..

One might catch an attitude! The toxic traits you are speaking of I have seen thrown all around this forum since before I or NFTs were here.


I’m all for helping , learning and sharing!

not down with being mocked, made fun of or accused of spreading lies and false information, fake sales and such …


Been here going on 5yrs and I never ONCE used nore bothered with the ignore button, till ole GLOBALSTABLECOINS came around lol

It has been a relief since.

I apologize if you took any of my overtones as directed to you Brad, as they were not.

The attitude thing comes out both ends of the spectrum here. Actually it’s why I spend less time here now and more time on other places, much more friendly open minded people…then what it’s gotten to be around here.[/QUOTE]


Rob I read a good article that said the next generation of NFTs will be dynamic, can you tell me what that all would entail and do you agree?

 

[equity78]

I a shorter explanation lol:

imagine a NFT connected to a LIVE FEED CLOUD / or data outside of the blockchain and able to access, interact and talk back.

Found the article:

While NFTs are certainly on the rise, a large share of these blockchain-based collectibles that we’re seeing on the market still face two major limitations. First, are these supposedly unique NFTs provably rare? Rarity is what gives NFTs their value and it is much harder to guarantee than most people realize. The second key factor is whether NFTs can actually interact with the real world to unlock novel gameplay and incentive mechanisms. Only when we move beyond static digital collectibles to truly dynamic NFTs will the blockchain ecosystem and the world realize the true value of this new unique asset class.

Why Provable Randomness Is Half the Equation With NFTs

Many NFTs, especially those that are collected through randomized “drops”, such as virtual trading cards, or in-game items, gain a significant amount of their value through their perceived rarity. Just as is the case with real trading cards, the lottery-like process of opening a pack in the hopes of finding a rare item is highly alluring, because it means anyone and everyone has a chance to own something truly unique. As one of the largest NFT projects Ether Cards, recently made clear, randomness is “one of the key elements to creating value and fun within gamified NFTs.”

https://www.nasdaq.com/articles/the-next-wave-of-nfts-will-be-dynamic-2021-03-29

 

[eurorealtor]

In the beginning of Bitcoin, it was hard to buy Bitcoin, maybe I was in bad luck that no one was selling around me. Now I thing it's a huge risk if the prices goes up and down like on the roller coaster, on the other hand crypto is ideal for thieves, cyber attackers or corrupt politicians so it'll be here for a while.

 

[lock]

Just reg fee into encryptmoney.

 

[bmugford]

Now is probably the best time to buy domains as everyone seems to be focussed on bored apes nfts and crypto.

I agree, in theory. The problem is in reality I am struggling to find very many appealing investment opportunities.

Brad

 

[HexPixel_com]

It really baffles me how people can be this naive and call NFTs "collectibles".

Main aspects of NFTs:

* An NFT is just a pointer - could contain a URL, or just a number used by its smart contract.

* The artwork is just pointed to, it's not on the blockchain. The exact same artwork can be copied without any restrictions, which would be impossible for an actual painting on a canvas.

* The URL may or may not exist for any given length of time either. (Even some NFTs that tried to point to IPFS, actually pointed to an IPFS redirector.)

* No other rights - copyright, moral rights, reuse rights, etc - are conveyed without an explicit contractual transfer. You neither have commercial use rights or any other rights, if it's not in an actual written contract, signed by the artist and you with real ink.



NFTs are nothing more than a URL pointing to a file on a server. Nothing is stored on the blockchain itself, just another scam to make people think that a worthless "thing" has any value whatsoever. In addition, NFTs are good vehicles for money laundering.