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My money is resoundingly on yes. I'm deeply cynical about NFT's the same way I'm cynical about Beanie Babies and Pokémon & MtG cards. It's not for me, but I get
by will_pseudonym 6y ago
My money is resoundingly on yes. I'm deeply cynical about NFT's the same way I'm cynical about Beanie Babies and Pokémon & MtG cards. It's not for me, but I get it, and they'll likely do quite well in terms of investment returns.
- ketamine__ 6y agoBut first: Let's establish it's not all wash trading.
- will_pseudonym 6y agoTo me, participating in these markets is akin to telling people you have a hot tip on a game of musical chairs where you know when the music is going to stop. I've played those games successfully, a la GME and BTC. But I don't feel good about the proposition. I feel more and more that Charlie Munger is mostly right on this one.