NFT bubble bursting would be the final straw.

Flaired anecdotal so clearly that is my very own opinion. Don't know shit nonetheless applies. But hear me out.

People hold arguing whether or not the present market state is in a bull or a bear market. Everyone's not sure in regards to the present state of the matter. But for me, bear market will certainly hit as soon as the NFT and metaverse bubble bursts. This a part of the crypto scene has been booming for greater than nearly a yr now, on a regular basis there's a star and their mom releasing their very own NFTs or new metaverse initiatives. It doesn't need to be a shitcoin/memecoin that’s trending, my indicator could be if even regular folks immediately will get to the cryptoscene, and for this occasion it's the NFTs and the metaverse that’s in each information web page. Quite a lot of newcomers appears to be flocking crypto subs, wasn't {that a} signal previously? And most if not all of those folks wouldn't final when the bubble burst, and so they'll really feel scammed out of their cash, as a result of they’re now holding nfts that no person needs. The sentiment will certainly flip round, and hope will probably be misplaced.

It can also be baffling that 90% (simply throwing numbers) of the folks on this sub hate memecoins to the bone, but it surely looks as if the love/hate relationship with nft/meta is evenly break up.

We all know that the present state of NFTs and metaverse is shit, there's actually no argument in that, actually all individuals are within the scene due to the ridiculous beneficial properties (?) And hype that it will get. Don't get me improper although, I imagine that the idea of NFT and metaverse in subsequent degree, and I'm undoubtedly wanting ahead to it, however the present state and high quality is simply plain shitty.

If this does occur, I hope that the following bull market begins after we are literally using NFTs correctly and the metaverse shouldn’t be full of costs from 2050s.

TLDR: NFT/meta burst – all of us burst into tears.