Reasons Why The Crypto Dream Is Turning Into A Nightmare

Lower Resale Value

The era of morons spending thousands or even millions on NFTs is over. That’s because they learned that they don’t have a big resale value. They thought that the price of NFTs would continue to soar and that they would profit. But now buyers are experiencing staggering losses (via Decrypt).

Global crypto and NFT losses have hit $25 trillion over the past 12 months. One Crypto Punks owner sold an NFT for seven million dollars less than the original price. This is a huge loss and shows the dangers of investing in this volatile market. It’s a warning to every buyer because it’s chaotic.