NBA Top Shot - High Risk, High Reward?

[Adam85]

Originally Posted by grade

trying to figure that out. when i go to options. The "flow" options is not working. For some reason many mentioned ETH.

I am not into crypto. just opened my account and got a raise in my "buy/deposit" yesterday for the coinbase account and trying to buy many crypto. My hope is just "One" winner can make up for the losers. it is money i can lose, same as the investment in NBAtopshot.

Nobody should be buying cards or investing with money they cannot lose and just shrug it off.

Thanks for the info.

Now you'll have to check the box on your tax returns next year that ask if you had any involvement in cryptocurrency for the year .

[Archangel1775]

Originally Posted by whodatbeastly16

I was never talking crap about you. I was about the one poster here trying to sell this product extremely hard. And by the looks of it he successfully roped you in.

Clearly your insinuating, at the most, that he's some type of Dapper Labs mole placed here to sell NBA Top Shot. I think that's a bit of a reach. I believe Grade and a few others are having fun with it just as I am. As I stated before, I cant find basketball anywhere at a reasonable price. NBA Top Shot was $12.94 per pack of 5 moments. Its something innovative that could have staying power and long term interest. I'm thinking about my teenagers that asked me if they could have their allowance to buy a $149 Call of Duty "I'm a stud pack".

As for the thread, to me this is no different than the Topps Montgomery Club thread. People come to this thread to check out what the latest news is or thoughts on what's happening. Here's a YT video I was talking about.

https://www.youtube.com/watch?v=_qvNLUL4MSo

Could this all fall apart. Sure but based on the numbers, it doesnt look like it.

How many boxes of cards of group breaks have I been in and got nothing to be excited about? Quite a bit. I've also lost more money in one session of poker than I've invested in this. To each his own man.

[grade]

Originally Posted by Adam85

Now you'll have to check the box on your tax returns next year that ask if you had any involvement in cryptocurrency for the year .

2020 taxes are going to be hell+++ already.

Spent all Dec 2020 studying and looking for deductions. But i always tell everyone, if you paying taxes, you making money.

[WhacksPacks]

Originally Posted by cowboyzqna

This is silly.


Good luck to everyone who is going to lose money... hopefully you have fun on the process.


Collecting isnt all about making money... which is good in instances like this.

‘Grade’ is obviously a shill for the site (is shill still a word these days? sheesh I’m getting old) and his posts are quite obvious and cringe worthy..Archangel, you are getting there too my friend. That said.. thankful for both of ya haha
I’ve made slightly less than $400 profit so far.
That is, IF i can cash out eventually.
Not buying anymore.
Waiting until I can be verified, and then getting the money.
Again, IF i can cash out.
Been pretty fun though.
Remains to be seen if I get approved to cash out.
I have zero interest in ‘crypto’ currency.

[grade]

Originally Posted by WhacksPacks

‘Grade’ is obviously a shill for the site (is shill still a word these days? sheesh I’m getting old) and his posts are quite obvious and cringe worthy..Archangel, you are getting there too my friend. That said.. thankful for both of ya haha
I’ve made slightly less than $400 profit so far.
That is, IF i can cash out eventually.
Not buying anymore.
Waiting until I can be verified, and then getting the money.
Again, IF i can cash out.
Been pretty fun though.
Remains to be seen if I get approved to cash out.
I have zero interest in ‘crypto’ currency.

Its called "astroturfing" nowadays. But usually the person starts an account earlier than start-up of the company and post way earlier than the week it hits big.

I have no affiliation with NBAtopshot other than a normal everyday customer. People can actually make money without being a insider, just take good judgement, risk and luck.

[Archangel1775]

Originally Posted by grade

Its called "astroturfing" nowadays. But usually the person starts an account earlier than start-up of the company and post way earlier than the week it hits big.

I have no affiliation with NBAtopshot other than a normal everyday customer. People can actually make money without being a insider, just take good judgement, risk and luck.

Sometimes its better to be lucky than to be skilled.

[Archangel1775]

I know this is the basketball forums but the creator of Dapper Labs has also partnered with the UFC. Not sure what type of product they are designing but that's another huge worldwide brand.

[Wildcat55]

Originally Posted by Archangel1775

I know this is the basketball forums but the creator of Dapper Labs has also partnered with the UFC. Not sure what type of product they are designing but that's another huge worldwide brand.

They also partnered with Warner Music. I can see this concept spreading with music clips, concert videos, other unique content like practice sessions/acoustic sessions, etc. That and it becoming a unique way to directly distribute content like new music...

Opening a ‘pack’ and getting a 1/1 acoustic session that you now own of say Taylor Swift, Drake, Ed Sheeren, etc could be something huge and create a real chase element to owning music video clips.

[Archangel1775]

Originally Posted by Wildcat55

They also partnered with Warner Music. I can see this concept spreading with music clips, concert videos, other unique content like practice sessions/acoustic sessions, etc. That and it becoming a unique way to directly distribute content like new music...

Opening a ‘pack’ and getting a 1/1 acoustic session that you now own of say Taylor Swift, Drake, Ed Sheeren, etc could be something huge and create a real chase element to owning music video clips.

Didn't even think of that impact. Licensing is huge here. That would be pretty special and pull in the younger crowd. If music ends up taking off....I'm buying Yo MTV Raps Pro Set boxes now.

[Wildcat55]

Originally Posted by Archangel1775

Didn't even think of that impact. Licensing is huge here. That would be pretty special and pull in the younger crowd. If music ends up taking off....I'm buying Yo MTV Raps Pro Set boxes now.

Yep...and if they license DC or Marvel, watch out. This concept could explode with that collector base. Can you imagine a 1/1 alternate ending clip for Batman, Avengers, Guardians, etc.?

[Archangel1775]

Originally Posted by Wildcat55

Yep...and if they license DC or Marvel, watch out. This concept could explode with that collector base. Can you imagine a 1/1 alternate ending clip for Batman, Avengers, Guardians, etc.?

Jeez, where was this when Stan Lee was alive....woulda been nice to get his comments on a few moments in the movies.

[hopalong]

Originally Posted by grade

Valuation is like "sold" in ebay. Just my "cards/moments" at low last sold prices.


i have 600+ cards valued at $14,000+

example: a card from my port.
Lebron James. I have 7 valued at $150 each = valuation $1050.00
was buying these at $25-40 two days ago.

Yeah, I sold a couple of them LeBron's early actually, can I have them back now?

[pokemaniac]

Wait, so you can't cash out? I thought that was the appeal.

[trmpetyjo]

Until one of the big established card companies put their name on these somehow this seems like a huge risk that is just waiting to get blown out of the water by any other highlight reel company that does that before they do.

Feels like so many alt coins, exciting to think about, but tanked fast and lost value to bitcoin because of valuable market endorsements

Sent from my SM-G955U using Tapatalk

[Brobocop]

My biggest concern with a site like this is lack of transparency. It kind of reminds me of the counter strike lottery sites that popped up. You had huge names on YouTube pumping them up when it turned out, some of them owned the sites they were pumping so they gamed the system to win big for videos. What would stop someone at Top Shot from basically giving the high value moments to certain customers? Just my biggest fear. That and the site just flat out disappearing for no reason.

[Archangel1775]

Originally Posted by trmpetyjo

Until one of the big established card companies put their name on these somehow this seems like a huge risk that is just waiting to get blown out of the water by any other highlight reel company that does that before they do.

Feels like so many alt coins, exciting to think about, but tanked fast and lost value to bitcoin because of valuable market endorsements

Sent from my SM-G955U using Tapatalk

I would imagine its an "exclusive" license the NBA gave them and that was likely because they are the company that has had previous success in this new realm of collecting.

[Archangel1775]

Originally Posted by Brobocop

My biggest concern with a site like this is lack of transparency. It kind of reminds me of the counter strike lottery sites that popped up. You had huge names on YouTube pumping them up when it turned out, some of them owned the sites they were pumping so they gamed the system to win big for videos. What would stop someone at Top Shot from basically giving the high value moments to certain customers? Just my biggest fear. That and the site just flat out disappearing for no reason.

I'm not tech savvy enough to explain it but the Flow blockchain is exactly what makes it transparent if I understand it correctly. As far as the company disappearing, you dont invest tens of millions of dollars into a company with the goal to steal a few millions here and there. They've partnered with some rather major brands.

But yes, consumer confidence , in general is key. I'm looking forward to see what else they do with the NBA this year as well as the UFC and Warner

[ClipsandVols]

Originally Posted by pokemaniac

Wait, so you can't cash out? I thought that was the appeal.

You can cash out but there is a 6-8 week buffer for verifying your identity. I think the 6-8 weeks is really there to keep the $ in the ecosystem.

[ClipsandVols]

Originally Posted by Brobocop

What would stop someone at Top Shot from basically giving the high value moments to certain customers? Just my biggest fear. That and the site just flat out disappearing for no reason.

Both of those are concerning but the same can be said about Panini re: giving high value to certain customers. A lot of people think certain breakers/ shops get loaded product. This is still in beta so the website issues should be expected. Of course that doesn't mean that the issues will be resolved.

[libruary]

Originally Posted by ClipsandVols

You can cash out but there is a 6-8 week buffer for verifying your identity. I think the 6-8 weeks is really there to keep the $ in the ecosystem.

This is not true.

The verification system is automated, but if that doesn't work for the user, then the manual review takes roughly 2-3 days.

[ClipsandVols]

Originally Posted by libruary

This is not true.

The verification system is automated, but if that doesn't work for the user, then the manual review takes roughly 2-3 days.

Semantics.

6-8 weeks. Have to be verified.

[tcdyess]

Originally Posted by libruary

This is not true.

The verification system is automated, but if that doesn't work for the user, then the manual review takes roughly 2-3 days.

I went through the verification a couple days ago and was told last night I would be all set by the end of today..

[grade]

Great live updates on all Sales as they happen.
Interesting.


https://www.cryptoslam.io/nba-top-shot

[Zacy87]

Originally Posted by grade

trying to figure that out. when i go to options. The "flow" options is not working. For some reason many mentioned ETH.

I am not into crypto. just opened my account and got a raise in my "buy/deposit" yesterday for the coinbase account and trying to buy many crypto. My hope is just "One" winner can make up for the losers. it is money i can lose, same as the investment in NBAtopshot.

Nobody should be buying cards or investing with money they cannot lose and just shrug it off.

Thanks for the info.

You comparing you valuation to ebay sold is laughable. People have the ability to immediately withdraw funds with ebay sales... you however don't. I would love to see the actual $ in your account, but of course, it isn't there.

The fact that you continuously bump and pump this thread shows you have an agenda. People here aren't dumb but you clearly fail to realize that and keep attempting to manipulate. All good, do you.

[Kobe101]

Originally Posted by ClipsandVols

You can cash out but there is a 6-8 week buffer for verifying your identity. I think the 6-8 weeks is really there to keep the $ in the ecosystem.

I hope everyone involved does well. Once people start cashing out I would bet the "valuations" are going to drop fast so I would take any profit out when you still can.