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RE: Crypto art and The role of Whale and Dolphins on the NFT Showroom

The only part I see that would nullify the assumption of price boost is if the artist dumps the coin immediately back into the market. If the whale purchasing already held the coins, this would place a flood of coin potentially on the market which would create a downward spike in price.

I'm wondering what the solution would be to stop such drastic fluctuations. This is in my opinion a huge impediment to investment by those who avoid gambling, which is what a lot of crypto feels like. An example of this is how Hive coin went up recently, and has lost almost half its value from that spike in just a couple/few weeks. Anyone investing at that time has now lost almost half their investment.

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Well, that's the risk involved with any coin, isn't it. The difference between the previous spike and what this growth would be is it would be founded on something besides a sugar rush of a new platform not immediately collapsing on itself. It would be founded on a functional, worthwhile place for large investors to collect NFTs from skilled talented artists.

What Hive has right now (this platform aside) ...is a few hangers on keeping it hovering between .18 and .30 with no real reason to be optimistic about it ever being more. This is an opportunity here for it to be attached to something popular and worthwhile.

Well, that's the risk involved with any coin, isn't it.

Yes, which is why I had said

This is in my opinion a huge impediment to investment by those who avoid gambling, which is what a lot of crypto feels like.

yes...which is why I said-

"It would be founded on a functional, worthwhile place for large investors to collect NFTs from skilled talented artists."

...thus taking it beyond a simple speculative investment. It would be the currency of a platform upon which you could own things that bring you joy. I'm sure you can agree that the buying, selling, owning and investing in art has a very long track record...several thousand years unless I am misremembering my art history classes.

Of course some artists would sell it on so they can pay their bills, but others may power some up so they can earn more from curation. If we can get more of an economy around HIVE then it becomes more useful. What if you could buy artist materials with it? I think the market fluctuations are more to do with speculation, which will always be around. We need to build up use of HIVE. I have spent it on various non-NFT items already.

what the artists do with it is almost irrelevant. The rise would be based on the supply and demand of the art itself. There are far more people looking to own art than artists of merit.