Max Long on NFT traders warning Pokemon collectors
The advice floating around is that Pokémon collectors should lock in profits before things go south, and the ones saying it are NFT traders. That got a laugh out of me, though I wouldn't dismiss it outright, considering they already rode a boom all the way into a bust and lost money doing it. There's a social incentive to dunk on NFTs since everyone nods along when you do. But having been through a cycle means they know more about how these things turn than someone just showing up. Nobody clocks the end of a rally from inside it #Pokemon
Transcript (en)
Max Long said, NFT bros are advising Pokemon collectors to take profits before the market crashes. Absolute cinema. NFT bros say, learn from my mistakes. Yeah, that's also what I find really funny is, again, it's the cultural pressure of knowing that shitting on NFTs, that is the consensus opinion. And so you doing that will get other people's approval. That like, they also just went through a cycle, right? Like, if you've not been around here for a long time, they objectively know more about cycles than you likely. They got burned, right? But the hubris sets in and no one thinks the party will ever end. If you're still into NFTs, you should definitely follow us because we talk about JPEGs more than we probably should.
