Originally Posted By: Gordon Scott
Originally Posted By: dcuny
The value of NFTs is entirely based on the expectation that the future value of the NFT will rise, because people are expecting someone in the future will pay more than they did.

... which is, of course, the way all speculation works, from commodities to art.

The trick is to estimate the effect well, and often enough, to gain more than the bad estimates lose.


Exactly! Could not have said it better myself.

LyricLab – Where words become music https://www.lyriclab.net/