The NFT craze on Hashmasks is a clear late-stage bubble signal.

I’m guilty of jumping head first and playing the game of Hashmasks, the two last journal logs were on that.

But this morning I changed my mind. I’m seeing too much irrational exuberance, and I don’t think that’s going to last. Illiquid markets will suffer more, and that includes Hashmasks and, by association, NCT.

Specifically, on HM, the game is getting too complex and names don’t seem to be that valuable. That makes NCT potential lower, and the risk higher by association with the illiquidity, if the market turns.

I’m starting to liquidate a significant portion of the illiquid stuff and moving to stables