Gotta laugh!
Here’s How Much Eminem and Neymar Are Down on Their NFT Investments
Neymar sits on over $700,000 unrealized losses due to the price crash of his Bored Apes, while Eminem is down by over $300,000.
But the funniest is...
Speaking of such unsuccessful investments, one should mention the popular YouTuber, actor, and social media personality – Logan Paul. Earlier this year, he acquired an NFT part of the Azuki collection for $623,000. However, as of the moment, the item is worth only $10.
Maybe these people should stick to what they're good at.
Anyone with some experience of, say, the antiques market, will know that prices have far more to do with fashion than with any intrinsic rarity or worth.
NFTs do have some interesting uses - vanity publishing and virtue buying not included.
Re🤬eD
Nifty 🥓
@logiczombie
As you see, there are many reasons why 90% of investors lose money in stock markets.
https://economica.org.uk/as-much-as-90-of-people-lose-their-money-in-stock-markets-and-this-includes-both-new-and-seasoned-investors/
Was fairly obvious in the early 1990s. After the Thatcher and Reagan govs sweetened the privatisation of public assets by airdropping shares to the proles, more people were encouraged to also get private pensions. Most funds underperform the basic indexes - which is slightly pathetic - and hence the rise of index-tracker-funds. It just isn't that easy being a gambler.
Fascist governments in both Italy and Germany privatized state-owned enterprises at certain times. These privatizations were carried out in the early stages of both regimes (1922–1925 for Italy and 1934–1937 for Germany) and represented a reversal of the policies of the democratic governments which had preceded them. The democratic governments had brought a number of industries under state ownership and the fascists decided to return them to private ownership.
In doing so, they went against the mainstream economic trends of their time, when most Western governments were increasing state ownership.
Fascist privatization policies were driven by a desire to secure the support of wealthy industrialists as well as by the need to increase government revenues in order to balance budgets. Significantly, fascist governments were among the first to undertake large-scale privatizations in modern times.
https://en.wikipedia.org/wiki/Economics_of_fascism
and yet, both parties wore the "Socialist" badge.
and in Italy, that didn't change much post-war. Always a politico-economic accommodation between industrialists, bankers and politicians. Economics didn't have to make mathematical sense when it served a social function. Taken to the extreme, communism would make sense, but Gladio was having none of that!
Another rash of royal families were removed and replaced by merchant-princes!
great point
great point
Because it's a gamble. Everyone who looks into it should realize that.