NBA Top Shot - High Risk, High Reward?

[brock]

Originally Posted by notoriousrmb

I was curious, so I signed up for an account.

Validated my account so it was attached to my phone.

Added a credit card, in case I wanted to purchase something.

Joined the discord to see how this all works.

Within minutes, I was getting pings to my phone of people trying to access my account and receiving texts with the 'login' code to access my wallet.

Site is full of bots, hackers and scammers. I deleted my CC info and I'm out.

LOL! Sounds about right.

This company is under incredible pressure to continue to show growth. With the multi-million dollar week they had last week, they need to show that it wasn't just a flash in the pan. How do they do that?

1) Hope and pray that after market sales are robust and they can continue to take their cut

But if the aftermarket loses any steam at all, they'll panic and

2) PRINT cards into oblivion. Some of the serials already say, "/9,000+"

They are literally telling you that they'll print as many as they freaking want to!!

For those that are skeptical about the digital nature of the 'collectible,' I'd say relax on that front. This is unproven territory and there could possibly be a market for this stuff. On the other hand, you should be VERY afraid of what a company will do when it senses a touch of weakness and begins to PANIC!

[grade]

Originally Posted by brock

LOL! Sounds about right.

This company is under incredible pressure to continue to show growth. With the multi-million dollar week they had last week, they need to show that it wasn't just a flash in the pan. How do they do that?

1) Hope and pray that after market sales are robust and they can continue to take their cut

But if the aftermarket loses any steam at all, they'll panic and

2) PRINT cards into oblivion. Some of the serials already say, "/9,000+"

They are literally telling you that they'll print as many as they freaking want to!!

For those that are skeptical about the digital nature of the 'collectible,' I'd say relax on that front. This is unproven territory and there could possibly be a market for this stuff. On the other hand, you should be VERY afraid of what a company will do when it senses a touch of weakness and begins to PANIC!

Sounds like bitcoin many years ago. We all know how that turned out. If any of the forums members were this perfect with forecasting the future, they be billionaires right now. Nobody can predict anything perfect.

[rifleman69]

Originally Posted by grade

Sounds like bitcoin many years ago. We all know how that turned out. If any of the forums members were this perfect with forecasting the future, they be billionaires right now. Nobody can predict anything perfect.

Now you're just trying too hard.

[grade]

Originally Posted by rifleman69

Now you're just trying too hard.

very little effort. just bouncing around from Nbatopshop, waiting for my call back from USPS, checking starstock, ebay and back to this . quick work to kill time.

[brock]

Originally Posted by grade

Sounds like bitcoin many years ago. We all know how that turned out. If any of the forums members were this perfect with forecasting the future, they be billionaires right now. Nobody can predict anything perfect.

LOL. Except bitcoin is specifically limited to 23M units... and was not created by a company but by some apparently unknown pseudonym using person/entity.

This ain't bitcoin friend. This is printing money for nothing more than the cost of a license + web hosting. And like I said... they've got growth targets. If they don't hit them, they'll be an also-ran and out of business. You better believe they are gonna juice to hit targets!!

[rifleman69]

Originally Posted by grade

very little effort. just bouncing around from Nbatopshop, waiting for my call back from USPS, checking starstock, ebay and back to this . quick work to kill time.

Time Value of Money is a foreign concept to you obviously. This is in no way anything resembling bitcoin.

[rifleman69]

Originally Posted by brock

LOL. Except bitcoin is specifically limited to 23M units... and was not created by a company but by some apparently unknown pseudonym using person/entity.

This ain't bitcoin friend. This is printing money for nothing more than the cost of a license + web hosting. And like I said... they've got growth targets. If they don't hit them, they'll be an also-ran and out of business. You better believe they are gonna juice to hit targets!!

Don't ruin it for him already, let him figure that out!

[colbycolbycolby]

Originally Posted by grade

internet real talk? people talk real facing each other in real life.
Many people in this forum need to look into the mirror and ask themselves the same questions.

not trying to be aaahhh but this is getting really weird.

No, I'm being serious. If you are 17 and have seen a bunch of us old-heads (I'm 33) make money off of cards in the past couple years, and you wanna get in the hobby too- cool. I don't think this is a bubble. And I know that if you were to stockpile a few Lebrons now, you will absolutely make money when you get to my age. Wanna stack prizm bass of a rookie? That's cool too. All of us do that.


But this isn't that. This isn't Bitcoin. Yes, this is blockchain, and yes, this type of collecting may be the future. But, 'owning' a gif isn't a wise investment. And you technically don't own anything- you do not own copyrights to that video.


There may be a ton of asholes on this forum but I'm not one of them man. I'm a high school economics teacher. I get paid (and it is my passion) to help young adults figure sh1t out. If you are part of the pump-n-dump, that's one thing and I will even wish you luck on your shadiness. But if you are 14-25, I implore you to not get TOO caught up in this. Buy some packs and sell some. Have some fun. Eff it. But don't get caught up in the 'value' of these video clips because there is none. It's pure speculation and manipulation. This is not a true market.


If you are an adult, I have no remorse or sympathy. But if you are young, I implore you to buy something tangible. Something you can hold, something you can touch, something that is finite. Slapping a serial number on a gif does not make it rare.


IDK man. I'm glad you are having fun. But don't get too wrapped up in the 'value' of these things is all I'm saying. I wish you well Grade.

[grade]

Originally Posted by rifleman69

Don't ruin it for him already, let him figure that out!

$1800 for a box and 1/2 donruss presale and waiting
or
$1800 NBAtopshop.

both are gambling, both have risk, both can payoff, While here waiting for my slabs to be delivered by USPS . wasting my time for a few days. I have had lots of fun,made some unrealized profit on NBAtopshot.

PS: before you open your mouth again. Slabs are unrealized profit also. My cards at PSA are unrealized profits. The cards sitting in my storage are unrealized profits also, the 2020 wax i have in my storage is unrealized profits also.

[GeechQuest]

Originally Posted by grade

$1800 for a box and 1/2 donruss presale and waiting
or
$1800 NBAtopshop.

both are gambling, both have risk, both can payoff, While here waiting for my slabs to be delivered by USPS . wasting my time for a few days. I have had lots of fun,made some unrealized profit on NBAtopshot.

PS: before you open your mouth again. Slabs are unrealized profit also. My cards at PSA are unrealized profits. The cards sitting in my storage are unrealized profits also, the 2020 wax i have in my storage is unrealized profits also.

Both don't carry the same risk however, and that's the difference.

[Zacy87]

Originally Posted by GeechQuest

Both don't carry the same risk however, and that's the difference.

He will not grasp what people try to tell him. The fact that he is so defensive and protective over Topshot says a lot

[grade]

Originally Posted by colbycolbycolby

No, I'm being serious. If you are 17 and have seen a bunch of us old-heads (I'm 33) make money off of cards in the past couple years, and you wanna get in the hobby too- cool. I don't think this is a bubble. And I know that if you were to stockpile a few Lebrons now, you will absolutely make money when you get to my age. Wanna stack prizm bass of a rookie? That's cool too. All of us do that.


But this isn't that. This isn't Bitcoin. Yes, this is blockchain, and yes, this type of collecting may be the future. But, 'owning' a gif isn't a wise investment. And you technically don't own anything- you do not own copyrights to that video.


There may be a ton of asholes on this forum but I'm not one of them man. I'm a high school economics teacher. I get paid (and it is my passion) to help young adults figure sh1t out. If you are part of the pump-n-dump, that's one thing and I will even wish you luck on your shadiness. But if you are 14-25, I implore you to not get TOO caught up in this. Buy some packs and sell some. Have some fun. Eff it. But don't get caught up in the 'value' of these video clips because there is none. It's pure speculation and manipulation. This is not a true market.


If you are an adult, I have no remorse or sympathy. But if you are young, I implore you to buy something tangible. Something you can hold, something you can touch, something that is finite. Slapping a serial number on a gif does not make it rare.


IDK man. I'm glad you are having fun. But don't get too wrapped up in the 'value' of these things is all I'm saying. I wish you well Grade.

This is a very small percentage of play money that would go to grading , wax or buying cards. Similar to a mutual fund of collecting, very diverse portfolio. Not all in one sector.

I am older , thanks for your genuine answer. Many here can talk like they are in a friendly environment, but they have no balls to go to the discord and say the same things. That is when you find out who really knows what they are talking and doing.

[grade]

Originally Posted by Zacy87

He will not grasp what people try to tell him. The fact that he is so defensive and protective over Topshot says a lot

look in the mirror. i said it many times. I have no care to defend or protect Top shot. I am stating . i invested $1800 and have a valuation of $14,000 in 12 days. Nothing to defend.

[oldgoldy97]

Since P2020 is done they gotta pump some other junk.

[GeechQuest]

Originally Posted by Zacy87

He will not grasp what people try to tell him. The fact that he is so defensive and protective over Topshot says a lot

I know. I'm just a curmudgeon and have a slow day at work today.

I hope Grade makes out like a bandit. He certainly should, but if he stays on too long he'll come out with a loss. He knows this and doesn't care so he's not oblivious too it.

I also think that this company who developed the site deserves recognition. It's bugged to the kilt, but the concept and user face is the best I've seen.

Imagine a physical card marketplace that operated this way. It would be a billion dollar platform.

[Zacy87]

Originally Posted by grade

look in the mirror. i said it many times. I have no care to defend or protect Top shot. I am stating . i invested $1800 and have a valuation of $14,000 in 12 days. Nothing to defend.

Valuation doesn't mean anything. What don't you understand?

[WhacksPacks]

Originally Posted by grade

look in the mirror. i said it many times. I have no care to defend or protect Top shot. I am stating . i invested $1800 and have a valuation of $14,000 in 12 days. Nothing to defend.

Are you able to 'cash out' yet if you chose to? Or are you still waiting to be "verified" as well....?

This part remains the most concerning to me

[oldgoldy97]

Originally Posted by grade

look in the mirror. i said it many times. I have no care to defend or protect Top shot. I am stating . i invested $1800 and have a valuation of $14,000 in 12 days. Nothing to defend.

Pull it out and post a shot of it in your bank account. That will quiet the critics.

[tcdyess]

Originally Posted by oldgoldy97

Pull it out and post a shot of it in your bank account. That will quiet the critics.

I can say I cashed out my big moments and completed the wire transfer from dapper this am and they said it would be in my bank in about 3-5 days...

[colbycolbycolby]

Originally Posted by grade

This is a very small percentage of play money that would go to grading , wax or buying cards. Similar to a mutual fund of collecting, very diverse portfolio. Not all in one sector.

I am older , thanks for your genuine answer. Many here can talk like they are in a friendly environment, but they have no balls to go to the discord and say the same things. That is when you find out who really knows what they are talking and doing.

I don't do Discord, but if you are telling me this is just a part of diversifying your portfolio, cool. I understand. I don't blame you one bit and maybe I am, in fact, the fool. Just don't be the Chihuahua incessantly barking around the pack of Rottweilers. Make your money, prove us wrong, bump this thread in two years and tell us who the alpha is then. But as I said, I wish you well friend.

[grade]

Originally Posted by GeechQuest

Both don't carry the same risk however, and that's the difference.

Many people are not taking all risks involved with cardboard vs digital in consideration. Both have the same risk in different form. Cardboard can be flooded, repacked, lost in mail and many other ways of losing your investment. Digital cards can also have many ways of losing your investment. Every single investment in life has some type of risk.

Just look at all the topics of fake slabs, shilling, claims on the various topic here on this forum. They all involve risk. Easy to talk about risk in hindsight. But many did not take risk with bitcoin in the early years.

The difference between many here is i actually collect, slabs, cards, wax and now added NBAtopshot. So i can compare them all on equal terms and not making assumptions with trying.

[JeremyNick]

Originally Posted by oldgoldy97

Pull it out and post a shot of it in your bank account. That will quiet the critics.

[grade]

Originally Posted by oldgoldy97

Pull it out and post a shot of it in your bank account. That will quiet the critics.

WHY? I think it still has growth. If i thought like a scared investor, i would have cashed out at $3000,4000,6000,8000 10,000 12000, 14,000. I truly think this will get out of beta and boom. I can be wrong, but the risk is so small at this point.

[GeechQuest]

Originally Posted by grade

Many people are not taking all risks involved with cardboard vs digital in consideration. Both have the same risk in different form. Cardboard can be flooded, repacked, lost in mail and many other ways of losing your investment. Digital cards can also have many ways of losing your investment. Every single investment in life has some type of risk.

Just look at all the topics of fake slabs, shilling, claims on the various topic here on this forum. They all involve risk. Easy to talk about risk in hindsight. But many did not take risk with bitcoin in the early years.

The difference between many here is i actually collect, slabs, cards, wax and now added NBAtopshot. So i can compare them all on equal terms and not making assumptions with trying.

They are all risky. Everything carries risk.

Topshot is not organic whatsoever though. It's literally a group of people siphoning money from others who always succumb to outside pressure and can't see the forest for the trees.

Every email I open is risky, there is greater risk when I open an email from a Nigerian Prince email than there is an eBay email.

TopShot is the Nigerian Prince email of the card marketplace. It's worse than P2020 is. It's the most blatant manipulative thing I've ever seen in the hobby, and I've seen all the manipulation.

[Jamesebee]

I kinda think we need a few more Zen masters part of this thread...

We'll see, won't we? Valuation, speculation, defensiveness, aggressiveness aside...there are definitely other ways someone could spend our time and money. Collect what you love, but justifying the rationale for why you do something is strongest when it remains individual and not collective...