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.
NFTs are the ICOs of this bull run.
There are simply way too many projects that can be created for virtually no cost for the current price tags on these things.
The people who have levered up to "flip" NFTs as a lifestyle will see their capital get wiped away fairly quickly when things go south in my opinion. It is truly a mania right now.
During the crash, was there a stop-loss for NFT? NO! Because that market is not like the cryptocurrency market, or the stock market/commodity market where LIQUIDITY can protect you from big losses. A price of a $1,000,000 NFT can crash to $10,000 during an economic depression.