Stop buying NFT's until you can answer this simple question:
“Why will this project be more valuable in 6 months?”
If you don't have a good answer, don’t buy the project
Control your impulses, control your life
@shilllin 2 part question:
If ETH hit $100 and Cryptopunks were worth 1 ETH each (with the floor price of all other projects reflecting that proportionately and largely illiquid) would you still be here ?
And also, do you think that's a likely scenario--why or why not?
3) NfTs aRe a uSeLeSs sCaM/gEt RiCh QuIcK ScHeMe
...there's actual utility of NFTs, like full ownership and potential of fair royalties for creators in a way that traditional industries lack. The nature of the free market includes volatility: prices fluctuate. Learn the game.
2) "nFtS aRe BaD FoR tHe EnVirOnMeNT"
...NFTs live on different chains, many on PoS like SOL and AVAX. ETH is making its way to PoS soon. For current PoW on ETH, NFTs make up a very small fraction of network usage. And for crypto in general, BTC expends the most energy...but 👇
Wagmi just hang in there 🤝 and stop focusing on the price action of your project. Buy in those that you truly believe in using long term and that you can see others using despite any market environment.
Remember where the world is going: further globalization via the internet is inevitable, and as more and more people learn about how valuable NFTs are and what their use case is (*beyond price action*), more true use cases will turn up, and the bigger the market will be