NFTs

Out of context: Reply #655

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  • neverscared1

    HUGE NFT COLLECTOR WARNS OF “CATACLYSMIC MARKET CRASH”
    "FOR ME, THIS IS WHEN IT GETS VERY DANGEROUS AND IS AKIN TO A FINANCIAL BUBBLE."

    Former investment banker Colborn Bell, who owns millions of dollars worth of NFTs, is warning the market for the tokens could be headed toward a catastrophic crash, Fortune reports.

    https://futurism.com/the-byte/nf…

    • Glad I got in on time.palimpsest
    • How is this any different to the physical art market where the barrier for entry is equally as low for artists but not collectors? lolmicrokorg
    • And there are way more 'real world' artists than there are art collectors.microkorg
    • If you've invested wisely and not remortgaged to buy a punk or anything ad there's a crash then its not going to be 'dangerous' for you.microkorg
    • A bubble bursting would be a good thing and would clean the place up just like the dotcom bubble burst did.microkorg
    • Brands etc started to question what they were getting for the 250k they were paying for a website.microkorg
    • welcome to the conversation...geniu...neverscared
    • sneverscared

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