Reminds me of "The General Semantics of Wall Street" by MagGee (fun read)
NFT Crash: 95% of NFTs may now be worthless
- Thread starter gwb-trading
- Start date
Reminds me of "The General Semantics of Wall Street" by MagGee (fun read)
We all had high hopes about cryptos, including NFTs, but when I saw the crypto bros getting in, it was too obvious that it was full of garbage. Still, blockchain is a great tech, it is just a shame that so many scammers have got into it.
Maybe one day we'll see an evolution of blockchain that will be taken by proper techs, there are already projects going on that might be able to learn from the current fiasco.
No it is NOT. This is a GIFT. The fact that so many idiots bought into stupid stuff like Safe-Moon, Safe-Mars, etc. was a GIFT. The popping of those shit-coins allows great bottom prices for the blue-chip cryptos that get thrown out with the bathwater.
Do NOT ever be ungrateful for the scammers.
After the shit.com bust in 2000, people who bought Netflix, Google, Amazon, Audible, etc... got generational wealth at fire-sale prices.
Yeah, I’m shocked.dang i never would have thought that
NFT's are probably the farthest on the risk-curve of crypto assets
I roundtripped a $50k profit on a bored ape to a $200k loss
I roundtripped a $150k profit on bears deluxe to less than $20k
I roundtripped a $30k profit on mfers to less than $10k
I roundtripped a $15k profit on milady maker to about $5k
I lost big on nft's on this cycle, but this risk-reward profile is not unique to nft's, but nft's suck ballz due to illiquid nature
Solana, Cardano, Fantom are all down over 92% from ath
The farthest to the risk-curve, the bigger the rewards
There were many life-changing opportunities on this past bull market cycle
Bitcoin used to have a similar risk-reward profile as all of these 10 years ago. I wish bitcoin still had the same risk-reward profile, imagine purchasing btc down 95% down from ath price
Speaking for myself, the next bull market cycle in the next 1-3 years will have many of these same opportunities
No-coiners will keep hating and posting schadenfreudes after the bull market peak
Sprout, I hope that you'll be able to benefit greatly from the opportunities of the next bull market cycle
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You're a fucking idiot
blockchain tech is a public ledger on the internet the same as an open excel spreadsheet
Explain one great thing about blockchain tech, Mr Msc "software engineer"
I think I am the only one UP on Solana here. Doubled my money after buying some for a joke after the FTX collapse. LOL
It just sits there now in staking mode.
Boy, is your Google broken? do your homework
That's weird, I thought that you always win, at least is what you said before.
Trying to run away, Mr Msc "software engineer"?
Blockchain tech is so great but you cannot explain even 1 good thing about it, lol
That's why you're still living paycheck to paycheck Mr Msc "software engineer" you are incompetent