We are embarking upon a resemblance of the dot com era. This also mirrors what took place with the ICO craze.
In this video I discuss how NFTs and, soon, DAOs, will be in a situation where people get involved in the insanity. This will lead to crazy buys and people losing a lot of money,
▶️ 3Speak
It looks like people will have pay attention to the projects they get involved in. So I think the Defi and NFT space will probably both have issues but I don't know if there will be a dot com type crash on the market. At least I don't think it is very likely and I think people just learn over time to do some research.
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I love the step-back to see the broader picture, and how you're drawing that parallel to the dot com boom. Yup - buckle in, baby. LOL... yes, I AM old enough to remember it - the massive successes as well as the suicides and disasters. Appreciating a voice of reason....
There were a host of them. It was an interesting time.
The situation with NFTs reminds me a bit of it albeit for different reasons.
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im optimistic about dao I have bought dao related tokens as well
As the youth replace the old guard on Wall Street, something dumb always happens
Given time history does do some repeating. I am reminded of the fashion industry and how fashion tends to repeat itself. So it would stand to reason that the tech industry would have some repeating there also.
good luck 👽
I think NFTs that incorporate mining and drips are worth holding but I only own a few NFTs that do nothing other than wait to be looked at, and I wouldn't have gotten those if it wasn't to support something I'm into.
I also think combining NFTs and tip tokens could be a fun thing to play with here.
Instead of getting a slice of !PIZZA or some !BEER we could tip NFTs that highlight, promote, or showcase something.
PIZZA Holders sent $PIZZA tips in this post's comments:
@sinistry(1/9) tipped @taskmaster4450 (x1)
Please vote for pizza.witness!