Its a big risk to get caught up in going broke with all this money, but in an effort to prevent this I decided to go big into investing into NFTs I was reading an interesting article about how NFT's are mainly used for money laundering like real world art
Money laundering has gone digital
It’s not just laundering, big investment firms are trying to build speculative bubbles so they are lending money and buying their own NFTs to cause a chain effect
No one os buying any of these NFTs
and they are using twitter bots to pump them?
or are they just dumb ass ppl on twitter getting caught up in the hype
Pretty much
The way the cycle works
1) put NFT for sale
2) buy it with your own money, spend a shit ton
3) tweet about “wow look at how much this NFT sold for”
4) people start buying your NFT
It’s what is happening with video games right now, People are buying up all the games, selling it to themselves It’s all a scam, whenever you see a headline promoting a top selling item, it’s an advertisement. With this you too can become a billionaire and not have to worry about your very low ISFL Contract that you get stuck with.
Money laundering has gone digital
It’s not just laundering, big investment firms are trying to build speculative bubbles so they are lending money and buying their own NFTs to cause a chain effect
No one os buying any of these NFTs
and they are using twitter bots to pump them?
or are they just dumb ass ppl on twitter getting caught up in the hype
Pretty much
The way the cycle works
1) put NFT for sale
2) buy it with your own money, spend a shit ton
3) tweet about “wow look at how much this NFT sold for”
4) people start buying your NFT
It’s what is happening with video games right now, People are buying up all the games, selling it to themselves It’s all a scam, whenever you see a headline promoting a top selling item, it’s an advertisement. With this you too can become a billionaire and not have to worry about your very low ISFL Contract that you get stuck with.
