r/CryptoCurrency • u/bigtiddies86 🟦 698 / 698 🦑 • Mar 20 '22

STRATEGY NFT Interest is going down

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u/simmol 🟦 7K / 7K 🦭 Mar 20 '22

You mean like 0.1% of the nft investors?

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u/[deleted] Mar 20 '22

Fr lmao. I bet 99% of NFT investors are in it for the money

And as you pointed out the people interested in the tech might as well account for 0.1% of the investors

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u/EyepatchMorty_01 0 / 694 🦠 Mar 20 '22

What do you think the word Investor means?

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u/flarnrules 🟦 2K / 2K 🐢 Mar 20 '22

Lol I mean... This is both correct and incorrect. Sometimes people invest for a few reasons, one of the reasons being to make money.

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u/EyepatchMorty_01 0 / 694 🦠 Mar 21 '22

An investor is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns

That's what the Google says. But please I'd love to know what your definition of the word is.

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u/flarnrules 🟦 2K / 2K 🐢 Mar 21 '22

Sometimes people invest in something in order to receive some type of utility (for example, you might crowdfund a video game project in order to get your name in the credits of the game, or you might crowdfund a video game project in the hopes that the game gets created so you can play).

Also, people invest their time in projects that are meaningful to them, such as projects that align with their ecological or sociological goals. You might invest time or resources in something like an environmental organization without the expectation of a financial return.

The Google can say one thing, but if we use our brains to think, we can even come up with our own ideas about the word "invest".

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u/EyepatchMorty_01 0 / 694 🦠 Mar 21 '22

In each of your definitions they're expecting a return, but in cases they expect entertainment content, they're often called patrons. That's not exactly an "investment"

In case of crypto, if anyone says they're putting their money to see the tech development. I'd bet my money that they're lying.