• wonderingwanderer@sopuli.xyz
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    1 hour ago

    The thing about people who buy NFTs is that they think they are being smart with their money.

    They look at what happened with Apple, Microsoft, Google stocks way back in the day and think “huhuhu, I’m not going to be one of those idiots who misses out on an opportunity like that!”

    It’s FOMO and “high risk - high reward” gambler mentality, wrapped up in the illusion of being a savvy investor.

    • TrickDacy@lemmy.world
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      1 hour ago

      Sure, that’s true. I think in mine and many cases, wrapped up in the “being smart with money” lesson is saving, mitigating risk, and decreasing spending where possible. I at least hope most parents (who bother at all) are defining what being smart actually looks like.