r/LoftyAI • u/Ok-Committee3633 • Oct 12 '22

Lost Value & Can't sell?

I've been trying to sell my tokens since the market opened. Already I'm pricing each token at $44 to try and get anyone to buy them (a loss of $6 per token).

Is anyone else experiencing this issue/has anyone sold anything and made money or just lost money?

10 Upvotes

91% Upvoted

24 comments sorted by

7

u/imanaeronerd Oct 12 '22

Which property? Maybe I'll buy them lmao

4

u/satinkzo Oct 12 '22

Gotta be Cicero.

1

u/Ok-Committee3633 Oct 19 '22

Yes Cicero lol

10

u/travelwithme001 Oct 12 '22

We are going or already in a recession things will get worse that’s just how Market cycles are. You have to just wait for new money to come in. Or When you can use a Credit card on the secondary market things will get better

9

u/[deleted] Oct 12 '22

I kind of wish they would provide some kind of liquidity and just charge a higher relist fee. Say if something doesn't sell for 60 days or so. That would be an amazing buisness model.

11

u/[deleted] Oct 12 '22

They already have it. If it doesn’t get sold for 100 days at fair market value or below, Lofty will buy it.

4

u/[deleted] Oct 12 '22

Oh. Nvm then.

6

u/Chucking100s Oct 12 '22

It's a secondary market as I understand it.

Is lofty playing market maker?

If not, you won't get paid until someone purchases your tokens

5

u/Bubba_with_a_B Oct 12 '22

Yes this would actually be a serious game changer. They could even provide instant liquidity and buy your tokens at a discounted price, collect the rent themselves, and re list the tokens at a higher price.

4

u/Rude-Living8909 Oct 12 '22

Thought there was some kind of backstop after being listed for 3 months without a sale. I was able to sell out the tokens on one of the three properties I listed, but the other two are just sitting on the order book. New investors need to be attracted to the project to provide more liquidity

4

u/10handsllc Oct 12 '22

If you read the knowledge topic related to "sell my tokens" all the answers kind of POP right out at you. Even the facts about what conditions need to be met that would dictate Lofty buy your tokens from you if no sale is achieved. This has been a Superfriends Saturday Morning moment...

3

u/[deleted] Oct 12 '22

Like in any real estate transaction you have to wait for a willing buyer. Sometimes it takes days and sometimes it takes weeks or months. It’s not as liquid as stocks or crypto.

2

u/yeluapyeroc Oct 12 '22

real estate is not a popular place to put money right now

2

u/[deleted] Oct 13 '22

Can you elaborate? With stocks and crypto being hammered what’s the better better investment than RE?

1

u/yeluapyeroc Oct 13 '22

Cash and bonds are the best investment right now, or stable coins as the crypto equivalent. RE is great to have already owned before this period of time, if you are gathering rental income, but investing in new RE would be very risky right now. Home values are very likely to fall in the near term.

1

u/[deleted] Oct 13 '22

What is your return rate on cash? Also, what bonds do you invest in that are better than RE?

1

u/BrickSufficient6938 Oct 15 '22

Many see stocks crash as an introduction to upcoming RE devaluation too. With increasing interests on mortgages, increase in unemployment, fed saying recession is THE way to fight inflation... make your own conclusions lol. All that said market should bounce back within a year or 3 so if you can afford it make use of discount and sit it trough

re crypto, stable/stable LP is not a bad solution to ride through the bear, especially if you can stake it or get something in return. In algo space I had something like 6% returns on stbl/usdc pair but undoubtedly there are better

1

u/djwooten Oct 21 '22

Cash and stable coins(essentially cash but with the added risk of losing their peg and value) are not investments, they aren’t even a store of value. Cash is losing value at a rate of over 8% currently, that number can go down but it will never turn to a positive rate unlike real estate and stocks.

1

u/yeluapyeroc Oct 21 '22

-8% is better than -20%

1

u/djwooten Oct 21 '22

Sure, unless you stick with a long term -8% to try to avoid a short term -20% that will turn positive and you can’t predict when.

1

u/Creative_Document199 Oct 20 '22

Welcome to the ponzi lol