We’ve never seen a win streak like this (here’s how to be a part of it)

The Rise Of NFTs... But Are They Worth The Hype? [Profitable Trading] [We’ve never seen a win streak like this (here’s how to be a part of it)]( Imagine you had a friend who never lost when they traded? Now imagine that friend hand-fed you EVERY trade they made. [Here's how Robert Rapier could be that "friend"]( ...since September -- his new trade system pumped out 17 winners & zero losers. Robert calls these trades "Income Boosters" because they earn 3x to 20x more income than the standard dividend…on every trade. After 3 years of fine-tuning - he's letting [350 lucky investors in on his income secret (click here for details).]( 4/22/2021 The Rise Of NFTs... But Are They Worth The Hype? --------------------------------------------------------------- By: [Jimmy Butts]( If you're new to the world of cryptocurrencies, then you've probably found yourself trying to wrap your head around a lot of new terms. Blockchain. DeFi. NFTs. And more... Last week, I offered some thoughts on the difference between investing and speculating. I had originally shared some of these thoughts with my premium [Top Stock Advisor]( readers -- as a fair warning before diving into the world of cryptocurrency. If you missed that piece, I encourage you to go back and [check it out](. The same goes for my colleague Brad Briggs, who weighed in on the Coinbase (Nasdaq: COIN) IPO and cryptocurrencies in [this piece](. But today, I want to discuss one of those terms: NFTs. Now, to be clear, I'm not doing this as a recommendation. I'm doing it so that we can better understand what's going on here. Because whether this is a bubble or the way of the future (or a little of both), it pays to know about this stuff -- and interpret what it says about investor behavior. And as my premium readers know, I believe that understanding our behavior as investors is just as important to success as finding a winning investment idea. What Are NFTs? People want to speculate on cryptocurrencies, because well... it's exciting. The price of bitcoin has skyrocketed from about $6,900 to more than $63,000 in the last year. [Image: When things are soaring like this, everyone wants in. But again, you have to understand that this isn't an investment. It's a speculation. So don't put your rent money into it. Right now, the latest craze is the rise in the non-fungible token, or "NFT." So what is it? [How To Find True Financial Security In Scary Times]( It's getting scary out there…especially for investors. But one small move you make now, could have you sitting on as much as $23,800 this year. Maybe more. The company I'd like to show allows you to siphon profits from some of the world's wealthiest corporations without owning a single share of their bloated stocks. [Click here for the full story.]( An NFT is a unique digital "asset" for which ownership records are held in an online ledger. An NFT can be art, music, a video clip, virtual pet... it can be anything someone makes up. The value of these NFTs is simply what someone is will to pay for it. If this seems crazy that someone would fork over cash for a virtual pet or video clip, wait until you see the numbers behind this crazy market. In late February, digital artist Beeple -- aka Mike Winklemann -- set a record when one of his digital pieces sold for an eye-popping $6.6 million. Even more incredulous is that shortly after that one of Beeple's NFTs went for $69 million. Even Twitter (Nasdaq: TWTR) and Square (Nasdaq: SQ) CEO Jack Dorsey hopped on the trend and sold his first tweet as an NFT for nearly $3 million. These aren't just one-off sales, either. "Crypto art" sales have now passed $520 million. [Image: Now, if you're in the boat where you couldn't fathom spending millions for a baseball, fine art, or antique, then these NFTs likely seem absurd. But if you do see the value in any of those markets, then it's easy to see why folks see value in NFTs. While NFTs are all the rage, at some point the bubble will burst and the mania will die down. This doesn't mean they (NFTs) will go away, though. It just means that you may not find a higher bidder for your digital piece of art. The Bigger Picture In my opinion, these aren't investments these folks are making. This is pure speculation. After all, the artwork doesn't produce cash flow. Right now, the value is simply in what someone is willing to pay for it. This is a perfect example of what could be called the "greater fool theory." But that doesn't mean we should ignore it altogether, because the rise in NFTs stems from the massive resurgence of bitcoin and blockchain. Cryptocurrency, like bitcoin, is the most well-known digital asset. But what distinguishes NFTs from cryptocurrencies is their non-fungible nature, meaning that they're unique assets and not interchangeable. Bitcoin is fungible… everyone who owns one bitcoin owns the same thing. An NFT by definition is one-of-a-kind. But I digress... What's truly groundbreaking behind bitcoin and NFTs is blockchain technology. And this is what I want you to be thinking about. Because there will come a day when we as investors can profit from the application of blockchain to real-world purposes. Blockchain will likely disrupt a number of industries, like the payments industry for example. Now, before I go any further, I want to state one thing. I have little doubt that blockchain technology will revolutionize our world. Just like the internet did. Action To Take Of course, you can't just go buy blockchain, as it's a database that keeps track of all the transactions. And while there is the "bitcoin blockchain" which keeps track of the cryptocurrency bitcoin, there's also the Ethereum blockchain, and an Ethereum (ETH) cryptocurrency. For the record, we like ETH better than BTC right now, but I don't want to get into the weeds. The whole point is that cryptocurrency is a massively popular speculative bet, right now. I've been fielding a lot of questions from friends and family about it. Everybody wants to know whether they should put some money in it or not. Bottom line is that if you do decide to dabble in this space, be very wary, and understand that you're speculating and not investing. As I've said before, there's nothing inherently wrong with speculating. But you need to have your ducks in a row, and know yourself, to do it right... And if you're looking for more aggressive ideas, then I recommend you check out my latest report of investment predictions... As I tell my readers when I release this list each year, I wouldn't bet the farm on these picks. But our track record has been pretty solid over the years, allowing investors the chance to rake in gains of 622%, 823%, and even 993%. But nobody gets everything right. So if you're looking to put some money to work in picks that have hyper-growth potential, then this is where you should start. [Go here to get the details now.]( [PhD. Economist Predicts Rapid Wealth Shift: The Great American Reset]( [PhD Economist Predicts Rapid Wealth Shift: "The Great American Reset"]( Prepare now or risk getting left behind... [Details here >>]( To ensure that you receive these emails, please add [Research@ProfitableTrading.com](mailto:Research@ProfitableTrading.com?subject=Profit%20Amplifier%20Delivery&cigx=d.ciosa%2Csid.0%2Cstid.5767%2Cmid.6832%2Cshsh.d66e3d435db5f9af09cbb55e10dcfecd%2Cct.newsletter&src=email.sacio_5767.hs-ciosa.6832&utm_campaign=ptnl_42221&utm_medium=email&utm_source=hs-pt_ptnl) to your address book. You are receiving this message because you subscribed to a Profitable Trading publication. Please send any editorial comments or suggestions to [Editors@ProfitableTradingResearch.com](mailto:Editors@ProfitableTradingResearch.com?cigx=d.ciosa%2Csid.0%2Cstid.5767%2Cmid.6832%2Cshsh.d66e3d435db5f9af09cbb55e10dcfecd%2Cct.newsletter&src=email.sacio_5767.hs-ciosa.6832&utm_campaign=ptnl_42221&utm_medium=email&utm_source=hs-pt_ptnl). This address is for editorial feedback only. For questions about your account or to speak with customer service, call 888-271-5237 Monday-Friday, 9 a.m. to 5 p.m. Central time. To ensure uninterrupted delivery of this newsletter, your subscription will automatically renew at the end of its term. To learn more about our automatic renewal policy -- including how to remove this benefit -- please visit our Terms and Conditions of Use, [available here](. Please keep in mind that the law prohibits us from providing personalized investment advice. (c) 2021 Profitable Trading. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without express written permission from Profitable Trading, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043 or [www.ProfitableTrading.com](. For customer service inquiries please write to Profitable Trading, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043 To edit your email preferences please [click here](. DISCLAIMER: Profitable Trading is a publisher of financial news and opinions and NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters or on our website(s) should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision. As a condition to accessing Profitable Trading materials and websites, you agree to our Terms and Conditions of Use, [available here]( including without limitation all disclaimers of warranties and limitations on liability contained therein. Owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our website.