TFG NFT's are largely worthless

[LetMyPeopleVote]

Link to tweet

[livetohike]

1. Just like everything else he touches. Worthless. n/t

[mopinko]

2. but the money is still laundered.

[emulatorloo]

10. +++++++

[Hekate]

21. True dat

[kimbutgar]

3. Fools and their money have been parted by a world renown conman

[MontanaMama]

4. So his grift was successful.

The rubes keep paying. Fools.

[brush]

8. trump lies. I don't believe that for a second. NFT images are a worthless bunch...

of pixels one can't touch, handle, put in a safe or hang on a wall.

[brush]

5. The whole concept of NFTs is worthless. Only morons with too much...

money would spend some of it on an online image, pixels really, that one can't hold, touch or hang on a wall.

Wasn't it P.T. Barnum who said: "There's one born everyday"?

[magicarpet]

6. I beg your pardon,.. worthless.... ?

People are printing them off the Internet and using them as toilet paper.

[Earth-shine]

7. What was more grifty: Trump or NFTs?

Obviously combined, they are a farce to be reconned with.

[Initech]

9. There's a sucker born every minute!

[Disaffected]

11. Weren't they always?? nt

[WarGamer]

12. Let me help. lol...

The article is speaking to NFT's IN GENERAL. It clearly says around 5% of all NFT's retain value.

As per CoinGecko...

On September 23, 2023 the "FLOOR PRICE" for Trump NFT cards is $245 (they sold originally at $99) and the highest price paid for one is 37 ETH which is... around $55-60k

The Market Cap is over 11 million dollars for 44,999 cards.

[ProfessorGAC]

22. Like Any Other Investment....

...they are only worth that when they sell. Is there evidence of demand & of trading volume? Absent said evidence, an investment carrying no other intrinsic value only has ledger value. If one puts on up for sale & there are no takers, the practical value is zero.

[struggle4progress]

13. Trading cards worth less than he says

BY GIULIA CARBONARO ON 9/4/23 AT 9:18 AM EDT

... Trump then claimed to have sold 45,000 trading cards, for which "people paid $99." He added that these same NFTs are now worth much more than their original price, saying they sell for $1,300 on average.

"Some of those cards are selling for 22, 23, 24,000 dollars now. And I think the average is about $1,300 a card ...

But the numbers he provided during his deposition don't reflect those on OpenSea, an NFT marketplace where users can buy Trump's cards. The highest value the former president's original NFTs ever reached was on average 0.6782 ETH—the native currency of the Ethereum network, called Ether—on February 13, 2023, which equals to about $1,109.

On April 3, the value of Trump's trading cards was 0.4438 ETH (over $723), while on April 10 it had slid to 0.3814 ETH ($621.79). On April 17, they were worth 0.1543 ETH ($251.55) and on April 24, they were valued at 0.1304 ETH ($218.46) ...

In May, Newsweek reported that Trump's trading cards had plunged to a record low value of around $1.04 ...

https://www.newsweek.com/donald-trump-trading-cards-worth-less-he-says-1824341#:~:text=Trump%20then%20claimed%20to%20have,is%20about%20%241%2C300%20a%20card.

[WarGamer]

14. see #12...

The $1.04 was a blip... went over $200 within a couple days back in May. Still 240.

It's like the stock market. If ONE person asked $1.04 for an item and there were no offers over $1.04... 1.04 would be the bid price.

[struggle4progress]

15. How to Make a Bubble Machine

[WarGamer]

16. that went about 2 feet over my head...

Meaning like a financial bubble?

An overinflated asset that POPS?

In that case... agreed.

[getagrip_already]

18. It's like his other assets... moving them from one pocket to another

To mimick a transaction on the open market to create the perception of market pricing.

In reality it's just a staged transaction to keep the illusion alive.

It's a completely unregulated market. Manipulating it should be child's play.

[Hortensis]

17. Maybe MAGAs just aren't into fine art.

[LetMyPeopleVote]

19. For this thread

Link to tweet

[Hekate]

20. I'm shocked, shocked I tell you that the sticker in the bottom of my Cracker Jacks box...

…is worthless.