Just seen on the internet news that most of the crypto currencies are collapsing along with the NFT's i hope this does not affect the new owners ability to run the club or it could be a very short ownership.
Well... it doesn't actually mean that some shrewd people - initiators, early-adopters & hype merchants - haven't ALREADY made a tidy pile out of it...
For the past year and a half, it’s hardly been a secret that the crypto market was incredibly shady, if not a giant Ponzi scheme that relied on people buying in so those at the top could cash out with their money.
The more interesting aspect from the club angle is the NFT sector, not least as they revealed, "The first NFT drop is scheduled to happen sometime this month".
Of course, there may be a knock-on impact... However, I formed the impression that WAGMI were convinced - no doubt a lurking apparatchik will be happy to correct me - that they are already globally engaged with enough NFT committed followers (apes, punks & general token collectors)... and it is that capacity to exploit their ability to "preach to the choir" (not likely to be CTFC or even Footy fans) that provides them with a level of ring-fencing...(?)
Well... it doesn't actually mean that some shrewd people - initiators, early-adopters & hype merchants - haven't ALREADY made a tidy pile out of it...
Exactly Thad. As with trading in all commodity markets the price will go up and down over time and the shrewd ones will know that and will dip in and out at the right times and make a tidy profit out of it. I don't profess to understand the crypto market at all, but neither do most of the people in the mainstream media writing the articles about it. The owners have had to pass the fit and proper persons test and provide proof of funds so until we have proof that the money has dried up and they are crooks, then we will have to wait and see what happens. We'll have a good idea over the next few months once a new manager is appointed and the squad is assembled we'll see how serious they are about promotion in the next two years. The last owners seem to talk a good game about getting up to the Championship in 10 years or whatever, but we never even got near to the L2 play offs, so we'll have to see...
Crypto is a young asset class that has always been hit by volatile swings and that probably won't change for many years to come, but I think it's a permanent fixture of mainstream investing now given how many traditional institutions are supporting it. Weaker bits of the market are being shaken out such as these misnomered stablecoins Terra and Luna but that's no different to other asset classes really. What the impact on NFTs will be in the medium or long term who can say, but I suspect that's also one bit of the blockchain universe that's here to stay, albeit there will be plenty of bubble pricing that gets pricked every so often. I'm glad Preston and co have made a commitment not to market NFTs to existing Crawley Town fans but to the community that are buying them anyway and hopefully knows something about them, but, as always, buyer beware
Well... it doesn't actually mean that some shrewd people - initiators, early-adopters & hype merchants - haven't ALREADY made a tidy pile out of it...
Exactly Thad. As with trading in all commodity markets the price will go up and down over time and the shrewd ones will know that and will dip in and out at the right times and make a tidy profit out of it...
Right & wrong Alex, yes the smart guys will cash in at an optimum point...
...however, unlike most "markets", these sectors have no safeguards against such practices as - for example - products being hyped by insiders, to an artificially inflated value... when hey-ho, the smart guys will cash in at an optimum point...!
