Who would have thought that a picture of an ape is not worth thousands? Common sense prevails over mania, it always happens, just need some time to get there.
Forget about thousands. There were attempts to sell crypto punks for 10s of millions of real $. They of course generated 0 interest in real world. Beeple 60 mil sale was a fraud as everyone knows now. Just a wash trade.
First, if you're smart, you would have cashed out long time ago and not dick around hoping for a bounce. Second, isn't that what fads are supposed to do? They're created to lure suckers out of their money. Third, perhaps the most important one that I've mentioned time and time again, don't look up to somebody smarter than you for inspiration. They'll only end up cheating you (and you're likely too dumb to notice). Always befriend those who are dumber than you.
Themselves. There's some great network graphs on twitter exposing the dark underbelly of the NFT market.