Quote from: paxmao on September 06, 2021, 01:12:13 PM

Quote from: Wind_FURY on September 06, 2021, 09:22:02 AM

There are many nocoiners that claim that Bitcoin is “Tulip Mania 2.0”, but it has been 10 years. How long must the protocol keep running before the rest of the world accepts that Bitcoin is not going anywhere. In fact, it opened a Pandora’s Box of new possbilities. BUT, I believe the next “Tulip Mania” for this bull cycle are, NFTs.

Could be. If you think of it, an NTF does make sense for many games in which you have in-game items that are unique or have a limited occurrence. Getting these does require either effort, a payment or both, so they actually do have some intrinsic value. However, the same could be said about tulip bulbs: you can actually use them to grow a tulip - which by the way will come out every year for a long time, so they do have an intrinsic value.

So when does the tulip mania start? When you are paying for something that you are not going to use, simply thinking that someone else will pay even more.

Do you believe that paying more than $1,000 for NFTs to play the current “blockchain games” that’s lower in quality of game play a fair valuation? It’s merely part of another hype cycle. Most of them will crash, and fail. The games left will be forgotten.