Anybody get "paid" from Top Shot???? - Page 2

DajuanWagner · 03-17-2021, 01:40 PM

Quote:

Originally Posted by Eckstein197

I’m gonna guess this thread is not going the way the OP hoped it would

Actually, this is going exactly like I had hoped. I thought that a lot of people hadn't been paid and that is what I am seeing.......

rifleman69 · 03-17-2021, 01:42 PM

Quote:

Originally Posted by Eckstein197

I’m gonna guess this thread is not going the way the OP hoped it would

I would bet the opposite.

biggieruth · 03-17-2021, 03:14 PM

I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars.

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mc1 · 03-17-2021, 03:15 PM

Quote:

Originally Posted by biggieruth

I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars.

Sent from my LG-M255 using Tapatalk

He works for Topps? Whats the connection to Top Shot?

WhacksPacks · 03-17-2021, 04:00 PM

Quote:

Originally Posted by DajuanWagner

I hear everyone is geniuses for putting money into Top Shot early, but are they paying ANYTHING?? I haven't heard anybody say they have received money for their investment. Is this just a pyramid scheme or just getting rich on paper???

Yup had a K transferred to my bank

yiguiri2002 · 03-17-2021, 04:24 PM

Quote:

Originally Posted by biggieruth

I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars.

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I was with you until you brought Topps into the convo...now I'm confused

Anejo · 03-17-2021, 04:40 PM

I think just the mere fact that some haven't got paid when they already spent money with Top Shot is alarming.

Dr kicker · 03-17-2021, 04:54 PM

There was a TS post on a facegroup page , i ask the same question , or said i never heard of people being able to cash out yet. 1 , just one of all the TS enthusiast replied that he was able to cash out for a month or so. Must have been a TS pionner , seeing i made an account there on January. He`s been able to cash out since early/mid february.

auctionjmm · 03-17-2021, 04:58 PM

Quote:

Originally Posted by biggieruth

I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars.

Sent from my LG-M255 using Tapatalk

So Top Shot is now planting employees from a competing company to sell a product?

drobfan8 · 03-17-2021, 05:28 PM

Quote:

Originally Posted by Anejo

I think just the mere fact that some haven't got paid when they already spent money with Top Shot is alarming.

This is all the same talk I heard when bitcoin was in its early days. And look at those suckas now! Broke AF....

Seriously, it's early days. It's backed by the NBA. I doubt they want lawsuits so I'm gonna have a guess they'll continue to improve.

I just hope to snag another pack.

Eckstein197 · 03-17-2021, 05:32 PM

Quote:

Originally Posted by biggieruth

I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars.

Sent from my LG-M255 using Tapatalk

He was brought on to the board so he has a vested interest in Top Shot being incredibly successful.

Also I believe Libruary is very wealthy, as he's invested nearly 270,000 dollars into this. Odds are he's not hurting for cash if he's throwing this around.

If you believe in a product, why would he cash out if he believes his current portfolio can double/triple/etc.

Eckstein197 · 03-17-2021, 05:34 PM

99.99% of people will never have 20 million plus, especially invested. That's a completely different mindset that people are not used to. If you aren't hurting for cash, why handicap your account by taking a ton out?

Also I'm sure he's taken a small amount out, he's probably fully free rolling now.

Eckstein197 · 03-17-2021, 05:40 PM

Quote:

Originally Posted by DajuanWagner

Actually, this is going exactly like I had hoped. I thought that a lot of people hadn't been paid and that is what I am seeing.......

From my count, the actual people who have said whether they can or not, is 9 people. 6 have said they can, 3 have not. 2/3 saying they can versus 1/3, I don't think you can classify 3 people as a lot have not been paid out

They had 1 employee working the KYC verification when they exploded with users. They now have a lot more people working on it, a ton more users are able to withdraw. In the past week and a half over 10K people have been added to the withdraw list for capabilities.

Big companies like crypto such as Coinbase and Kraken that do KYC's can get it done in a day or 2 but that's because they have large infrastructure that can handle a lot of people. Top Shot is still very small in the grand scheme of things. They're making improvements to all of it.

Archangel1775 · 03-17-2021, 06:03 PM

I can withdraw, I opened my account January 10 and did KYC later in the month. KYC was completed on Dapper's end about 2 weeks later and withdrawals able to be made 2 weeks after that. I have yet to withdraw though.

ChefCurry312 · 03-17-2021, 06:32 PM

Quote:

Originally Posted by DajuanWagner

Does that appear what Top Shot really is??? A ponzi scheme??? I can't understand why 90% of the people cannot take out their money........

I don't think Top Shot is a ponzi scheme. They make tons of money just on the market transactions fees alone. I think the reason it has been difficult to withdraw is because they want to keep money in the market longer, to prevent a flash crash, and KYC restrictions.

ninjacookies · 03-17-2021, 06:40 PM

My monopoly betabuxx still locked in animated blockboi purgatory.

until proven otherwise.

Archangel1775 · 03-17-2021, 06:45 PM

Quote:

Originally Posted by ChefCurry312

I don't think Top Shot is a ponzi scheme. They make tons of money just on the market transactions fees alone. I think the reason it has been difficult to withdraw is because they want to keep money in the market longer, to prevent a flash crash, and KYC restrictions.

Makes sense, there have been multiple people spending $200 on pack drops, selling the contents for $1000-$2000 quickly and wanting to cash out by the end of the day....that would be a problem.

rifleman69 · 03-18-2021, 06:14 PM

Quote:

Originally Posted by Archangel1775

Makes sense, there have been multiple people spending $200 on pack drops, selling the contents for $1000-$2000 quickly and wanting to cash out by the end of the day....that would be a problem.

How is that a problem? People obviously paid in to be able to buy those moments for $1000-2000.

Oh wait, 5% is skimmed off the top, meaning there's no way everyone can 100% cash out because that money has been taken out of the eco-system by TopShot theoretically forever!

Two different parts to the equation, one being much more important than the other.

yiguiri2002 · 03-18-2021, 06:49 PM

Quote:

Originally Posted by Eckstein197

He was brought on to the board so he has a vested interest in Top Shot being incredibly successful.

Also I believe Libruary is very wealthy, as he's invested nearly 270,000 dollars into this. Odds are he's not hurting for cash if he's throwing this around.

If you believe in a product, why would he cash out if he believes his current portfolio can double/triple/etc.

I agree. If you are already rich, it makes sense holding. I had no idea whether Libruary was already wealthy or not, now his position makes more sense.

I think this goes more towards people like the guy from the WSJ article. He has a 15M account and he's a middle/upper middle class young man. Why not cash out? I think it might be a generational thing but with a platform of over 100 millionaires and not a single one cashing out big time...it does bring some questions.

Btw, I'm still trying to figure out how Topps fits into all of this.

bmf · 03-18-2021, 10:08 PM

Quote:

Originally Posted by gomiamigo

also seems like lots of people haven't.

The sign of a good ponzi is that many people get paid at first and make profits.

03-17-2021, 04:54 PM	#33
Dr kicker Member Join Date: Aug 2009 Location: Chateauguay , Quebec Posts: 1,011 mothepipes mothepipes	There was a TS post on a facegroup page , i ask the same question , or said i never heard of people being able to cash out yet. 1 , just one of all the TS enthusiast replied that he was able to cash out for a month or so. Must have been a TS pionner , seeing i made an account there on January. He`s been able to cash out since early/mid february. __________________ Looking for Luguentz Dort Prizm DP Autograph , Contenders (Pro) Prizm Sensational Signature (shimmer) My PSA inventory : https://www.psacard.com/psasetregistry/mothepipes/imagegallery/108618

03-17-2021, 05:34 PM	#37
Eckstein197 Member Join Date: Nov 2014 Location: Maryland, USA Posts: 14,858 pmwrestler220 Eckstein184	99.99% of people will never have 20 million plus, especially invested. That's a completely different mindset that people are not used to. If you aren't hurting for cash, why handicap your account by taking a ton out? Also I'm sure he's taken a small amount out, he's probably fully free rolling now. __________________ Favorite teams: TB Bucs, MIN Twins, DET Red Wings PC's: Kyle Snyder, Alstott, Tristan Wirfs, Hasek, Moritz Seider, OL/K/P/FB Contenders Autos, Red Wings Young Guns, Vintage Pokémon, NCAA Bowl Patches

03-17-2021, 06:03 PM	#39
Archangel1775 Member Join Date: Mar 2012 Location: Cali baby! Posts: 22,186	I can withdraw, I opened my account January 10 and did KYC later in the month. KYC was completed on Dapper's end about 2 weeks later and withdrawals able to be made 2 weeks after that. I have yet to withdraw though. __________________ *There are the intangibles that set someone apart from the pack.So the blur isn't your inability to see his greatness, it's merely the inability to measure it.*

03-17-2021, 06:40 PM	#41
ninjacookies Member Join Date: Jan 2011 Location: All the girls see the (boi)/ Look at his flips / Look at his kards / All they say is (oh boi). Posts: 57,611	My monopoly betabuxx still locked in animated blockboi purgatory. until proven otherwise. __________________ #5 world ranked Ledell Eackles superclection as recognized by Tuff Stuff junior managing editor, Barry McCaulkinner. Somethin' like a cross between Teddy Aguhob and Kaboom Mystery Packs. I got that Givenchy denim flow.

03-17-2021, 03:14 PM	#28
biggieruth Banned Join Date: Nov 2017 Location: Raleigh N.C. Posts: 1,720 dolomitebiggie biggieruth	I ask the same question . The guy that claims he has 20 million dollars worth top shots cards. He's all in the publications making these claims. What I found weird and threw a red flag with me. He said he's not selling and he's holding on. I admittedly came to the conclusion he's a person that some how works for Topps and he plant to get publicity and to gain more customers. What logical person would not atleast cash out half or 1/3 of 20 million dollars. Sent from my LG-M255 using Tapatalk

03-17-2021, 04:40 PM	#32
Anejo Member Join Date: Jun 2011 Posts: 774	I think just the mere fact that some haven't got paid when they already spent money with Top Shot is alarming.