Bloomberg: These NFT Watches Can Cost More Than a Real-Life Rolex

[1665fan]

Originally Posted by Topspin14m

One could (and many do) say it’s a joke to buy a $9k watch for $40k. It’s a bubble and will burst. Stainless steal is only worth $X. Etc.

At the end of the day, it’s about supply and demand. Right now people really want NFTs and there is a lot of demand for them. That could certainly change. But the same is true of watches - don’t forget that in 2015/2016/2017 you could get virtually any of these hot watches at MSRP out of a case. So we only have 5-7 years of data showing them being worth more than MSRP. That’s fairly limited data in the grand scheme of “investments”.

Also people who say NFTs are just buying pictures you can copy for free really just don’t understand what NFTs are and why certain of them are so valuable. There is a lot more to it. Are there scams in the NFT space? You betcha. Are there scams in the watch space? You betcha.


Sent from my iPhone using Tapatalk

A person can wear a watch……..you can’t wear a jpeg lol

[Khans14]

Originally Posted by 7enderbender

There are those moments where you realize you have just become too old and too conservative to participate in this world. Or we’ll end like Rome. Or both.

I rarely comment on here anymore and choose to just browse the comments. But, this quote really hit home with me. Well said, sir.