This Crypto Space is a Crazy Place

This crypto space is really a crazy place. And why am I saying this is because if you look at the latest developments in the shape of NFT people paying hundreds of thousand dollars just to buy a CryptoPunk or an NFT.

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For what? Some might be buying it for reselling and some would be buying it just to show people that he owns something that is of value to him and that he owns it, you can say like for a social status and probably there might be some other reasons as well.

Now that we also have Hivepunks on Hive blockchain, it would be interesting to see how it goes.

But yeah NFTs can be risky in a sense when let's say people's interest and enthusiasim goes down or they are bored of it and you are left with no one to buy it.

Cryptocurrencies have changed life of many people and sort of made them rich overnight because of the volatile nature of cryptocurrencies but on the other side, it has made people loosing thier money as well. Some fall prey to scammers and some just get into FUD and sell their cryptos for a lower price etc.

If I am not wrong I have felt that the crypto community is very generous and they like to give and help others.



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But yeah NFTs can be risky in a sense when let's say people's interest and enthusiasim goes down or they are bored of it and you are left with no one to buy it.

Imagine putting 1390 ETH ($2 million USD) into something that no one will not buy later, and it is not really valuable, useful, helpful either. These CryptoPunk NFTs are literally random generated things. And just a few pixels. I do not even understand why people are valuing these so much.

If I am not wrong I have felt that the crypto community is very generous and they like to give and help others.

This is true. I am receiving good support and help on my posts and on my comments, while I also started to support and help other people with my upvotes and with tokens.

I give you some !PIZZA.

Have a nice day. All the best. Greetings from Hungary.

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