‘Silent crash’ as price floors collapse across NFT space
Prices are plummeting, and some holders might not even know it If prices plummet in an illiquid market, how soon before anyone notices?While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’ i really like @mewn21 phrasing of NFT crash as a "silent crash" why? in....
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Collapse. It seems to be a word that is becoming more and more relevant in our everyday lives. The economic collapse of Greece. The collapse of the Petrodollar. The collapse of our civil liberties and constitutional rights. And the upcoming collapse of the U. S. Dollar. There's a lot on our plate right now, but why not lay all the cards on the table? What would happen if Bitcoin collapsed? This possibility is much closer than you think, and efforts to avert it are underway, but what if nothing was done? Let's pretend everyone just acted like everything's peach fuss with Bitcoin and its....