You absolutely nailed this one. Not sure if you bought any but price floor has gone up over 1300% since you mentioned it
Metaverse is here and being built as we speak
- Thread starter Sprout
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You absolutely nailed this one. Not sure if you bought any but price floor has gone up over 1300% since you mentioned it
Those appear to be designed to specifically give the impression that prices are rising when in fact the average is still about the same.
I'd look at transactions not what people hope is happening.
Price floor is the lowest price for the item
But here's a screenshot of the transactions under activity per your suggestion
Still seems mental to me. For these to be worth anything, metaverse better hit and better use these specific NFTs.
26K (or whatever the price) seems to be a low probability bet unless the investors have some edge that normies don't. For example, maybe they can force the use of these NFTs for metaverse (whatever that ends up being lol)
It's very cool to see a parallel financial system being developed tbh.
NFT worlds is giving out some tokens airdrops to NFT owners so there's a passive income side to it
https://coinmarketcap.com/currencies/nft-worlds/
Here's my take on why NFT's are wildly expensive and mind you, I'm not big into NFT's, I just threw some funds in the space so I can say I'm part of it, lol
I've seen a similar take on this but this is exactly how I feel
There is no urgency to sell
Cryptos people have made too much money and when you say damn, the NFT is selling for $27K or $35K, normies see the $ price but that's not how we see the price, we see crypto casino chips
If we have a better bet somewhere and we need the crypto casino chips, yea, we'd sell the NFT for liquidity, otherwise, we'll sell other losing positions to raise the liquidity
I have a bunch of loser NFT's, orbits, Metasaurs, hobo and even the big winners NFT's I have Bears Deluxe and a hackatao are off their all time highs, but I don't even check every day, maybe once every few days, and I just go meh
There is no urgency
I bought 3 mfers for 0.2 Eth and now the price floor for mfers are over 4.4 Eth, over 2000% returns in Eth terms but less on $ terms since Eth I remember was over $3K at the time
I have no idea why it's going up, I still have not looked into it, tbh. I just don't care enough to put any efforts into it since I have no plans to sell
Normies would be in a panic, sell sell sell!! That's over $30K
Cryptos people see casino chips. If I sell those NFT's or my Bears Deluxe NFT's, what would I do with those casino chips?
It's a false sense of security for gamblers that are winning in a casino
That's my take on it and I've seen similar attitudes on Crypto Twitter
Once you've cashed out enough for the lambos or that nice toy or even that house you wanted, you just do not feel any urgency to sell, so you hodl
That sounds right. Similar to stupid prices you see for art.
I fully support this idea!