A tidal wave of speculation surrounds the financial foundations of crypto and NFT enthusiasts. Some invest through loans or inherited fortunes, while others engage in less-than-honest tactics. This raises questions about the integrity of funding in an industry where high-risk digital assets frequently attract big money.
NFT games are drawing massive investments, often outpacing mainstream indie games. Influencers like Jauwn and Aeon Derp push these titles, but many investors appear to capitalize on dubious methods. Commenters pointed out various funding sources: gambling, scamming, and even crime. One said, "Anyone that actually bought [NFTs] it was 100% from gambling or yoloing."
Interestingly, some of these investors reportedly stroll into the crypto market already wealthy, benefiting from inheritances or early investments. Commenters suggest that a substantial number are simply aiming for clout while others try to pull off scams. "Theyโre scammers. They scam people for money, usually via crypto," remarked a community member.
Speculative Gambling: Many participants treat crypto investments like gambling, leading to a cyclical pattern of luck and loss, as noted, "Crypto has slightly better odds than the casino if you know the rules of the game."
Investment Tricks: Users have pointed to tactics like insider trading and wash trading, suggesting that insiders manipulate the market, inflating the prices of NFTs artificially.
Expert Investors: Some people in crypto are savvy quantitatively and utilize their skills to navigate volatile markets, often securing outsized returns.
"Once you learn that extremely important rule, you learn to protect your assets" โ A seasoned investor's tip on safeguarding crypto investments.
Excitement and cynicism clash in the crypto world, with various voices expressing contrasting feelings.
๐ธ Think & Act: Participants often see investing as gambling, leading to reckless behavior.
๐ค Manipulative Practices: Insider trading tactics inflate NFT values, scamming unsuspecting buyers.
๐ฉ Wealth Origins: Many participants rely on inherited wealth or prior success, not just savvy investments.
In an ever-shifting environment, skepticism about crypto and NFT funding increasingly comes to light. With more scrutiny expected in the coming years, the community is bracing for potential shifts in dynamics.