My $100 in 20 packs of GPK Series 1 Digital is now $1000-$1500

[1212superstar]

Nobody appears to have bought more than 40 packs at a time and the supply is way lower than demand..

Base cards are selling for $5 each, Prisms $15-$25 each and Sketch’s $50-$100 ($600-$1000 for Adam Bomb)

I have 63 base, 32 Prism and 5 Sketch’s (2 ‘a’ versions)
I wish I could go back in time and bought more than 20 packs the ROI right now is freaking SICK

[TimBuckTwo]

Madness. For digital?

[BacktoBusiness]

Originally Posted by 1212superstar

Nobody appears to have bought more than 40 packs at a time and the supply is way lower than demand..

Base cards are selling for $5 each, Prisms $15-$25 each and Sketch’s $50-$100 ($600-$1000 for Adam Bomb)

I have 63 base, 32 Prism and 5 Sketch’s (2 ‘a’ versions)
I wish I could go back in time and bought more than 20 packs the ROI right now is freaking SICK

Not to mention the mega packs with 30 cards sold for $25 at first, now they're $200

[cmixer]

I was going to get in on this,
but I couldn't understand ...

It's 100% digital? Like even the rare inserts/sketches?
Then what are people paying for?

[webjon]

Yeah, I don't even know what is being talked about here. . .

[BacktoBusiness]

Originally Posted by cmixer

I was going to get in on this,
but I couldn't understand ...

It's 100% digital? Like even the rare inserts/sketches?
Then what are people paying for?

Yes the cards are technically digital tokens on the blockchain. You have ownership of your cards. Theres the common base, prism, sketch and collectors edition. Best selling have been Adam Bomb and Nasty Nick thus far

[Malavon]

In simple terms, it's generally the same underlying technology as bitcoin and other cryptocurrencies. Instead of owning X "units" of bitcoin, each "unit" is instead a unique trading card. Where bitcoin is simply a currency whose only purpose is to be bought and sold, each "card" also has an image associated.

Even simpler its like bitcoin, and each "bitcoin" has a picture of a GPK card.

[PoPCulture]

I remember a time waaaaay back about 8 weeks ago when the big fear was that everyone’s cards and collectibles were going to lose 75%+ of their value as people were not able to work. Fast forward 2 months and not only have most physical collectibles increased in value, digital copies of sketch cards are now selling for 10X what it’s physical version would sell for.

Fascinating times in which we are living......

[Dewman]

This kind of stuff makes me feel old.


I'll just mosey off to pasture now...

[salthill]

Originally Posted by Malavon

In simple terms, it's generally the same underlying technology as bitcoin and other cryptocurrencies. Instead of owning X "units" of bitcoin, each "unit" is instead a unique trading card. Where bitcoin is simply a currency whose only purpose is to be bought and sold, each "card" also has an image associated.

Even simpler its like bitcoin, and each "bitcoin" has a picture of a GPK card.

And if I read the blockchain browser correctly, the picture isn’t even stored on the chain. A url reference to an image hosted elsewhere is. So many ways this can fall apart.

[natbornkiller]

what happens when topps decides to shutdown these digital only sites in a few years ?

who still has crap stuck in limbo with etopps ?

[BobCollects]

Originally Posted by natbornkiller

what happens when topps decides to shutdown these digital only sites in a few years ?

who still has crap stuck in limbo with etopps ?

Print a screenshot!

[duwal]

Originally Posted by natbornkiller

what happens when topps decides to shutdown these digital only sites in a few years ?

who still has crap stuck in limbo with etopps ?

Not just that but with this digital age how easy do we think a skilled hacker could be in messing with the site and people's 'cards'?

[MMantle]

That is what happened with the other Topps digital apps. They started off extremely strong, you could sell just about anything you pulled insert wise for nice money. Then Topps changed the format and that was the ball game. Now those cards aren't worth anything and most big collectors moved on. That is exactly how this new app will be in less than a year.

Not to mention the Topps employees that were mods were putting cards in their own accounts to drum up interest and then selling via eBay but using multiple accounts to get the prices up. I have no doubt that is exactly what is happening with GPK, no question. Digital market like that cannot be trusted what so ever. It is beyond easy for the people running it to cheat the system. Again this is why their other apps are extreme failures in terms of long term collecting and holding value.

And duwal mentioned "hackers" that was also occurring on the old apps. They could change the opening of pack rate even when Topps changed it in the app coding. They used blue stacks to gain access to releases so quickly using multiple accounts, stockpiling jpeg files. I was watching this like a hawk when the apps came out and with every move Topps made it was clear there were insiders allowing this to occur. It is about the quick buck with digital releases and again not about long term collecting. Eventually their base will catch up that something is strange and move on.

[pfb11]

Originally Posted by natbornkiller

who still has crap stuck in limbo with etopps ?

Tons of us, the difference being actual cards are in limbo and have always existed even though Topps wants a ransom for them.

[Rictor]

Originally Posted by PoPCulture

I remember a time waaaaay back about 8 weeks ago when the big fear was that everyone’s cards and collectibles were going to lose 75%+ of their value as people were not able to work. Fast forward 2 months and not only have most physical collectibles increased in value, digital copies of sketch cards are now selling for 10X what it’s physical version would sell for.

Fascinating times in which we are living......

This will probably still happen to some degree over the next year.

[1212superstar]

After today now my $100 investment is now $4000

Enough said

[jjas311]

Originally Posted by MMantle

That is what happened with the other Topps digital apps. They started off extremely strong, you could sell just about anything you pulled insert wise for nice money. Then Topps changed the format and that was the ball game. Now those cards aren't worth anything and most big collectors moved on. That is exactly how this new app will be in less than a year.

Not to mention the Topps employees that were mods were putting cards in their own accounts to drum up interest and then selling via eBay but using multiple accounts to get the prices up. I have no doubt that is exactly what is happening with GPK, no question. Digital market like that cannot be trusted what so ever. It is beyond easy for the people running it to cheat the system. Again this is why their other apps are extreme failures in terms of long term collecting and holding value.

And duwal mentioned "hackers" that was also occurring on the old apps. They could change the opening of pack rate even when Topps changed it in the app coding. They used blue stacks to gain access to releases so quickly using multiple accounts, stockpiling jpeg files. I was watching this like a hawk when the apps came out and with every move Topps made it was clear there were insiders allowing this to occur. It is about the quick buck with digital releases and again not about long term collecting. Eventually their base will catch up that something is strange and move on.

Do we really know Topps did this with Bunt? I was in on Bunt early, I never spent a penny on it...but I sold a lot of autos/inserts and made several hundred over a year or so. People were buying Trout autos for more than it cost to buy a physical Trout auto at that time. Are all of those worthless now?! I imagine some people spent a LOT of money on those early Bunt cards....

[MMantle]

Originally Posted by jjas311

Do we really know Topps did this with Bunt? I was in on Bunt early, I never spent a penny on it...but I sold a lot of autos/inserts and made several hundred over a year or so. People were buying Trout autos for more than it cost to buy a physical Trout auto at that time. Are all of those worthless now?! I imagine some people spent a LOT of money on those early Bunt cards....

I can't a 100% speak for Bunt.. but I know 100% it happened with Star Wars. I caught the mod doing it and screen captured all the conversations. Even went as far as setting up multiple accounts on several devices to get trades completed with the same mod to confirm they were moving cards. That is when I posted a massive write up on reddit and got out of their nonsense apps all together. I have absolutely no doubt this is still going on, maybe not as much as it was before but in some way it is happening. I'm sure bunt is the same or at least some what similar. The sick thing is there's no oversight.. So when they tell you the odds of getting something are whatever they are.. you have to believe it. Now with physical items and inventory it is a little bit harder to do that. With digital, you can do whatever you want and Apple/Google stores do nothing. You have to complain and show proof in order to get any sort of refund, which is what I did with Star Wars and after months of waiting I received a lump sum back in the form of iTunes gift cards. But that was directly from Apple and not from Topps. Now I don't put any faith in the digital card systems, if you buy that way like say Upper Deck's website you make sure to get physical cards. Digital stuff is just that, digital and there's nothing you can do with it. And when Topps changes the rules because they want more profit for a jpeg file you are stuck with nothing.

[Rictor]

Topps doesn't own Wax. Blockchain is very hard to hack.

[mjohnatgt]

Originally Posted by 1212superstar

After today now my $100 investment is now $4000

Enough said

So sell and take your profits.

[1212superstar]

Now almost $7000

[dd316]

Originally Posted by 1212superstar

Now almost $7000

Is this just a thread to brag? That's perfectly fine, but I'd love to read some insight into your process and what you're doing to capitalize on your investment?

[1212superstar]

Originally Posted by dd316

Is this just a thread to brag? That's perfectly fine, but I'd love to read some insight into your process and what you're doing to capitalize on your investment?

Buy and hold high end Adam Bomb and Nasty Nick

[bpack14]

Adam Bomb last sold price 25,000 WAX x current price of WAX .04 = 1,000$

If I were you I would sell it, take the profits and pour it into the next Topps WAX set, don't be too greedy, I've been in crypto since 2017 and learned that the hard way lol, I watched my ETH collectibles and Enjin items just lose value over the years when I thought they would just gain in value over time, man I was wrong.

I remember buying and breeding my first crypto kitty for $20 and sold it for $300 back in 2017, that was exciting but the one's I held on to don't have any value today.

I also own Spells of Genesis cards on the Counterparty & Etherum network that actually are used as in-game assets, I can link my wallet and can play with them in game on my phone. Gods unchained is another cool game with blockchain assets from the ETH network.

I personally prefer to buy blockchain collectibles that have utility. I will say though I do prefer Topps release blockchain assets versus their Topps digital app on their centralized servers and hey anything that helps spread crypto adoption I guess I'm okay with.

Anyone interested in reading up on these Topps GPK cards on the WAX blockchain, they have an FAQ https://toppsgpk.io/faq