NFT prices were never rational, so interest rates aren't going to change anything, especially since we already had high yields on farming crypto anyway. I buy NFTs when I want to support the artist or when the project is fun. Somehow I've been lucky enough to make a profit, mostly by selling one at the top of the hype. The example Taleb mentions here seems to be a case of lazy marketing, or so I've heard. When prices are based on hype, you need to keep promoting the project you invested in.
Taleb has become a crypto hater since he had a disagreement about Covid with Saifedean Ammous, the Bitcoin Standard guy. So don't take him too seriously here (and don't take Saifedean seriously at all, but that's a different story).
yea .. these tweets are just a bunch of FOMO and FUDs .. i do agree with you that NFT prices are just crazy and I really don't know how to play in that flipping game. Supporting artists is great .. however I find myself questioning which artists should I support as well as there are so many great artists out there .. and funds is the limitation.
Posted Using LeoFinance Beta