Price is set by value, while fluctuations are driven by consensus
CategoryMoney Notes
Why do new concept hype cycles keep popping up? From blockchain to digital collectibles—NFTs—they’ve fully demonstrated that price swings are driven by consensus.
Through promotional campaigns, they engineer a consensus around price hikes to lure in the next batch of buyers. Here’s a代表性 line from the digital collectibles scene:
“If you can sell it, it’s an NFT. If you can’t, it’s just a PNG.”
Get the Creator Daily by email
Hand-picked opportunities, tools & insights for indie makers — free.
中文读者？订阅中文频道 →