Lets talk Bored Ape NFT's (4.Viewing)

MapleDots

MapleDotsMapleDots is verified member.

MapleDots.ca
Community Guide
Joined
Nov 4, 2020
Topics
1,969
Posts
8,132
Likes
7,059
From
Toronto, ON
Country flag
ape.png

Click for more



A few thoughts on finding a good investment-grade bored ape
Morgan Linton is a guy I have followed and respected for a number of years and he has recently started dabbling in NFT's which I cannot fully wrap my head around. Currently he is buying and selling BORED APES and I keep wondering what happens to the last guys money when nobody buys it from him after spending 100k on it.



When I bought my first ape the week the project launched I didn’t think much about traits and rarity, instead I was focused on something that would make an awesome profile picture. Then, as time went on and I continued to buy more apes, I started to spend a lot more time looking at traits, and rarity, and really started to pay attention to trends, which change quite a bit over time.
Click to expand...


Here is the article by Morgan:
https://morganlinton.com/a-few-thoughts-on-finding-a-good-investment-grade-bored-ape


Make sure to read the whole article and then comment I left because it does open things up for discussion.
 
https://twitter.com/x/status/1425520722823327750


And then the craziness starts...


Booth-Brothers-Ape.png



[h]Booth Brothers Spend Nearly $1.3m on a BAYC Ape[/h]


Nearly a week ago, I published an article about a domain investor spending more than $500,000 USD worth of ETH on a Bored Ape Yacht Club (BAYC) ape NFT. This afternoon, Andy Booth announced that he and his brother, James Booth, paid 400 ETH for a different BAYC NFT. This one is golden with red laser eyes and a boat captain’s hat.
Click to expand...


https://domaininvesting.com/booth-brothers-spend-nearly-1-3m-on-a-bayc-ape/
 
I don't get it, therefore I can't invest in it. Could be my loss... time will only tell.

I would prefer a Ferrari F40 at that price because I would know each passing year it'll only be desired more and could be a $10~ million car when it's the last of its breed.
 
image-8.png





image-9.png




Okay, so looking at the image above you’ll see the rarity rank in the top left, this means you’re looking at the 11th most-rare ape. To the right of that you’ll see the rarity score which is 308.87, the higher the number, the more rare the NFT. Below that, well, this is the good stuff and what you’ll want to study and learn how to identify if you want to really dive into the Bored Ape or NFT world in general.
Click to expand...


https://morganlinton.com/a-quick-primer-on-understanding-bored-ape-yacht-club-traits-and-rarity/
 
Seriously, I am going on record that the last person holding the bag on these is going to be out a whole lot of money.

So you paid 2 million for an ape, there are no buyers wanting it, what is it worth?

An even better question.... What do you really own?



E8-OIxis-WQAMb-XMg.png



I would say really smart people are falling for this but they are not falling for it. They are leading the drive and people with social standing are driving the market convincing everyone else these apes have value. When these social influencers start dropping them and reaping the enormous profits the little guys that mortgaged everything are going to be left holding the bag on a whole lot of nothing.


[notify]DomainTrader[/notify] and I are seeing this all over twitter.


People cannot be this stupid, you know this has to fail in the end, just watch the Beanie Boo video above and learn a lesson.
 
Login or Register to reply

Sponsors who contribute to keep dn.ca free for everyone.

Sponsor
CanSpace
CIRA
FullHost
MapleDots
NameNinja
WHC
Donors

Sponsors who contribute to keep dn.ca free.

Members who recently read this topic: 22

Back
Top Bottom