Recently, a few old NFT communities have been arguing about floor prices again.

Basically, the floor is just an emotional thermometer—when it cools down, there are more listings; when it heats up, people rush to set a fixed price... But liquidity is very real: when royalties drop, trading becomes smoother in the short term;
when royalties rise, creators can breathe easier, but the floor becomes more like a frozen lake, creaking when you step on it.

The narrative is quite mysterious: the same picture, talking about "art" is slow to heat up, talking about "rights" tends to stir up emotions, and talking about "buybacks" turns into a watchlist game.

Should we watch the floor?
Yes, otherwise I wouldn't know if I'm in the community or just self-entertaining.

By the way, the recent torn discussions about privacy coins/mixing coins/compliance boundaries, I feel they also reflect on NFTs: everyone talks about decentralization, but in practice, they still choose the "better to sell" path.
Anyway, I now look at the order book depth first, then see who starts writing essays in the group.