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NFTs are down roughly 75% by floor price over the last 45 days
- paulpauper 4y agois this floor price in $ terms or ETH terms?
- anm89 4y agoNo, in USD. It's down less in ETH terms. You can go play with the charts on that site. It shows both.
- al_borland 4y agoThey can't keep the artificial hype train going forever.
- 999900000999 4y agoGood, this is a horrible implementation of what could be a worthwhile thing. Imagine if instead of getting some of the cheapest procedurally generated "art", you got a signed poster or something and the NFT verifies it's authenticity. That would be an actual use case for this technology, for anything collectible forgeries are extremely common
- simonblack 4y agoThe astonishing thing is that they continue to have any value at all. But "A fool and his money are soon parted". This years's Tulip Mania will end the same way as the original one did.
- anm89 4y agoThe top ones are still worth hundreds of thousands. A lot of them are owned by celebrities and other people who are probably pretty price insensitive.
- simonblack 4y agoI wonder what price they'll get when the sell them. Probably more than the 'man in the street' would get for the same object. But that happens with any object at all that has been previously owned by celebrities, so it's not indicative of what the 'normal' sale-price would be for the same object owned by any Joe SixPack on the open market.
- anm89 4y agoGrab your popcorn! My gut is that many of them will never sell. They'll just remain trophies. Better than losing face on a 95% loss.
- al_borland 4y ago>Better than losing face on a 95% loss. Maybe for their ego, but never selling is akin to a 100% loss. Of course when a person has enough money they can just buy into it for the temporary entertainment value.
- anm89 4y agoI'm saying specifically for the kind of person who'd buy a 300k jpeg in the first place. Obviously, this is a terrible investment strategy.