Quote:
Originally Posted by BlackCrayon
A lot of NFTs are only popular because people are essentially playing with play money. Their ETH means little as they paid next to nothing for it originally, now its worth much more and so they can throw it here or there will little consequence. Not to mention fake sales, insider sales, etc, etc. There was a guy who sold millions worth and then disappeared. I can see a future in it but right now its just being used to scam people.
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I don't think you understand the mindset of a long term holder. Imagine buying Bitcoin at $10, do you think you or anyone would have held that til now? No. You would have sold it at $100 for a 10x profit.
Those who held on for the long term have conviction in the asset they hold, they know what it is, and why it did and will always rise higher against every fiat currency.
With that said, I can't find any value in NFT's, and don't even like ETH but wanted to point out that you're wrong on your theory on long term holder mindsets.