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Poor people aren't spending 10's or 100's of thousands of dollars on NFTs. I'm not talking about poor kids. I'm talking about rich kids. $276k avg price https
by labrador 5y ago
Poor people aren't spending 10's or 100's of thousands of dollars on NFTs. I'm not talking about poor kids. I'm talking about rich kids.
$276k avg price
https://www.nft-stats.com/collection/boredapeyachtclub https://www.nft-stats.com/collection/boredapeyachtclub
- fouc 5y agoI assume a lot of that is from people that already got rich with crypto in the first place.. Also, the average price is based on the current value I'm guessing rather than the value at the time of purchase?
- labrador 5y ago> I assume a lot of that is from people that already got rich with crypto in the first place. I don't think that is a good assumption. I don't know the space that well, but from what I gather, some smart rich people set up a market to suck in dumb rich people. Poor kids got rich in the 2015 to 18 timeframe on Bitcoin and Ether. I've not familiar with poor kids getting rich on NFTs
- rib3ye 5y agoIn the creative arts world, every illustrator is being commissioned to create a brand of NFTs to cash in on the trend and very few break into mainstream success. But that doesn't stop people, rich or poor from trying to speculating on them.