NBA Top Shot - High Risk, High Reward?

[drobfan8]

Originally Posted by Stech36

Thanks.. I mean I do understand the basics, I just don’t understand why anyone would pay this money for them. Obviously, plenty of people are paying and it’s worth buying and selling if you know what you’re doing. But do most of you think this is something sustainable?

These takes are getting annoying.

Why do people buy bitcoin?

Or gold?

Or cards?

Or some magic powers in a video game?

Because they find it fun, or want to show off, or they think the price will go up.

[hoopstaj]

Originally Posted by Eckstein197

Cool cats challenge speculation

We know the cool cats themselves will be international players so the current discord speculation is that the commons will be some Combo of the 35K moments for this following players

Capela
Boucher
Dort
Poeltl
Nurkic

Just the 35K moments. Thankfully already had 4 of those, 3 from packs and bought Dort for 18. Flipped all of them for 30-33ish tonight. Rather take the profit now and not risk some of the speculation being incorrect. Beefed up the dapper and snagged a nice Beal 15K moment.

S2 15K moments are so cheap right now. Lots of good to great players can be bought for 30-60

Solid move there!


Sent from my iPhone using Tapatalk

[omega145]

Originally Posted by b2k1121

I don't think anyone can confidently predict prices of anything on Topshot 6-7 weeks from now.

This...people on a forum are always acting as if they know confidently which direction something will go. Top Shot as a crypto collectible is even more volatile than the sports card market and there's already thousands of fortune tellers there who really have no idea.
Pay what you feel comfortable paying for and sell when you feel you need to.

I'm $223 into this through packs (3 packs) and so far have over 2K in my Dapper balance with 6 moments still in my account. I'd say that's a very nice return for anyone who keeps doubting that this isn't a viable collectible and keeps being stubborn with the "I don't understand this" mentality. Listen to who's into it and it's pretty easy to understand it rather than being stubborn.

For full transparency, I have not purchased any moments in the marketplace nor do I plan to but will continue to buy packs when I can. I do find the pack opening experience rather fun and satisfying.

[Stech36]

Originally Posted by drobfan8

These takes are getting annoying.

Why do people buy bitcoin?

Or gold?

Or cards?

Or some magic powers in a video game?

Because they find it fun, or want to show off, or they think the price will go up.

I’m sure a bunch people have said the same thing I said on here and ya’ll are tired of it. But this isn’t really the same thing as any of those. There’s similarities, but it’s different.

I could never see myself being in to it, but I get that many are. So I’m considering buying some as an investment. Just wanted to get to know more about it without reading 350+ pages.

[rysportguy]

Originally Posted by Stech36

I’m sure a bunch people have said the same thing I said on here and ya’ll are tired of it. But this isn’t really the same thing as any of those. There’s similarities, but it’s different.

I could never see myself being in to it, but I get that many are. So I’m considering buying some as an investment. Just wanted to get to know more about it without reading 350+ pages.

Yeah I have no problem with people asking that. We all felt the exact same way when we first heard about it. The annoying part to me is when we explain it and then it turns out they were never going to change their mind and just keep using the same "I'll just go get my free clips on youtube" line.

[jcardstore]

Originally Posted by rysportguy

Yeah I have no problem with people asking that. We all felt the exact same way when we first heard about it. The annoying part to me is when we explain it and then it turns out they were never going to change their mind and just keep using the same "I'll just go get my free clips on youtube" line.

Kinda like you when anyone says anything that doesn't hype TS?

Goes both ways

[sandlotsportcards]

Spent the rest of my Dapper dollars this morning hoping for a fairly quick turnaround for a little gain. Picked up the Dort Series 2 and a Jokic Seeing Stars. My other couple moments I wanted to move to generate more funds are down way too much to list.

[rysportguy]

Originally Posted by jcardstore

Kinda like you when anyone says anything that doesn't hype TS?

Goes both ways

Not sure what you are talking about. I don't care if someone dislikes top shot. It isn't for everyone, I even said that to someone in a post yesterday or a few days ago. It isn't about liking it. It is about using a lazy argument then people explaining why it is a lazy argument and then they continue to use the lazy argument. Imagine if every sports card post someone asked if you get rights to the the picture and if not why would anyone buy this when I can just get that picture for free and then you explain to them why it isn't about the picture and they just keep going.

[jcardstore]

Originally Posted by rysportguy

Not sure what you are talking about. I don't care if someone dislikes top shot. It isn't for everyone, I even said that to someone in a post yesterday or a few days ago. It isn't about liking it. It is about using a lazy argument then people explaining why it is a lazy argument and then they continue to use the lazy argument. Imagine if every sports card post someone asked if you get rights to the the picture and if not why would anyone buy this when I can just get that picture for free and then you explain to them why it isn't about the picture and they just keep going.

All I'm saying is that you're doing the same thing that you're complaining about. Anything remotely negative about topshot you just outright dismiss regardless of how rational it is or isn't.

You've always got a "yea, but"

[Eckstein197]

Originally Posted by Stech36

I’m sure a bunch people have said the same thing I said on here and ya’ll are tired of it. But this isn’t really the same thing as any of those. There’s similarities, but it’s different.

I could never see myself being in to it, but I get that many are. So I’m considering buying some as an investment. Just wanted to get to know more about it without reading 350+ pages.

I mean not everything is the same. Gold isn’t the same as sports cards which isn’t the same as Bitcoin which isn’t the same as ...

The point he was making is people find it fun/believe there’s money to be made.

The value of the moments come from the minting of them on the FLOW blockchain. Similar how a picture of Trout becomes valuable when it’s printed on a card by Topps, the moments derive value from the blockchain

[Stech36]

Originally Posted by Eckstein197

I mean not everything is the same. Gold isn’t the same as sports cards which isn’t the same as Bitcoin which isn’t the same as ...

The point he was making is people find it fun/believe there’s money to be made.

The value of the moments come from the minting of them on the FLOW blockchain. Similar how a picture of Trout becomes valuable when it’s printed on a card by Topps, the moments derive value from the blockchain

What I mean is collecting coins, cards, and antiques is all essentially the same thing. Also physical collectibles.

Buying gold as a commodity has thousands of years of history. Also it’s a physical commodity.

It is somewhat similar to Bitcoin, but Bitcoin is also meant to be a currency, not a collectible. Top Shot is not going to be traded for goods and services. The fact that it’s exclusive to one website limits its broad appeal IMO.

But again, I’m thinking about investing, so it’s not like I don’t think it has potential.

[Eckstein197]

Originally Posted by Stech36

What I mean is collecting coins, cards, and antiques is all essentially the same thing. Also physical collectibles.

Buying gold as a commodity has thousands of years of history. Also it’s a physical commodity.

It is somewhat similar to Bitcoin, but Bitcoin is also meant to be a currency, not a collectible. Top Shot is not going to be traded for goods and services. The fact that it’s exclusive to one website limits its broad appeal IMO.

But again, I’m thinking about investing, so it’s not like I don’t think it has potential.

The biggest benefit this has, is storage and transactions are super easy. Digital has the edge over physical because it's all on a single website on a tab on the phone, versus physical card collecting where you need storage. Also a card can be sold numerous days a day with instant transactions anywhere in the world, versus a card that takes 3-7 days in the mail

[rifleman69]

Originally Posted by orion9578

Haha. So you fight TS tooth and nail, argue literally for months straight...but now that a JPG is a 1/1 it isn't the same? Odd.

It's not the same at all. IT IS A 1/1. Only one person can own that "moment".

It's like BTC, the 1000th BTC is the exact same price as the 15,000,000th BTC....no more, no less. There is no premium for having a "lower" numbered BTC.

[val47]

Originally Posted by rifleman69

It's not the same at all. IT IS A 1/1. Only one person can own that "moment".

It's like BTC, the 1000th BTC is the exact same price as the 15,000,000th BTC....no more, no less. There is no premium for having a "lower" numbered BTC.

you are tiresome...... if you don't like TS get the hell out and stop wasting thread space

[Eckstein197]

Originally Posted by rifleman69

It's not the same at all. IT IS A 1/1. Only one person can own that "moment".

It's like BTC, the 1000th BTC is the exact same price as the 15,000,000th BTC....no more, no less. There is no premium for having a "lower" numbered BTC.

It does feel like you're moving the goal posts. NFTs are becoming popular. Steve Aoki did it with his music, Gronk is doing it with his super bowl highlights, artists are doing it, etc. Topshot is going to be doing 1/1s soon they're already minted and they'll be going to auction.

Why keep fighting against something you hate? If you don't like it or understand it, why must you waste time trashing it consistently. It feels like you waste a ton of time on this thread complaining about top shot. If you don't like it, why do you keep coming back? If you think someone is going to read all your posts and change their mind about top shot because of your posts, I'm sorry to break this to you, but no one is going to do that. No one singular person is powerful enough to change someone's mind if they're decided one way or another.

You've expressed your concerns, others have expressed the benefits.

Do you come back for the attention? Do you hate new things in general? Have you taken the time to learn about the product? Why is it that you spend so much energy and time hating on something, and it's not going to change someone's mind.

[Archangel1775]

Originally Posted by val47

you are tiresome...... if you don't like TS get the hell out and stop wasting thread space

Originally Posted by Eckstein197

Do you come back for the attention? Do you hate new things in general? Have you taken the time to learn about the product? Why is it that you spend so much energy and time hating on something, and it's not going to change someone's mind.

[Archangel1775]

Originally Posted by val47

you are tiresome...... if you don't like TS get the hell out and stop wasting thread space

Originally Posted by Eckstein197

Do you come back for the attention? Do you hate new things in general? Have you taken the time to learn about the product? Why is it that you spend so much energy and time hating on something, and it's not going to change someone's mind.

Rifleman will take away your pain.....

[rifleman69]

Originally Posted by Eckstein197

It does feel like you're moving the goal posts. NFTs are becoming popular. Steve Aoki did it with his music, Gronk is doing it with his super bowl highlights, artists are doing it, etc. Topshot is going to be doing 1/1s soon they're already minted and they'll be going to auction.

Why keep fighting against something you hate? If you don't like it or understand it, why must you waste time trashing it consistently. It feels like you waste a ton of time on this thread complaining about top shot. If you don't like it, why do you keep coming back? If you think someone is going to read all your posts and change their mind about top shot because of your posts, I'm sorry to break this to you, but no one is going to do that. No one singular person is powerful enough to change someone's mind if they're decided one way or another.

You've expressed your concerns, others have expressed the benefits.

Do you come back for the attention? Do you hate new things in general? Have you taken the time to learn about the product? Why is it that you spend so much energy and time hating on something, and it's not going to change someone's mind.

Just doing the good duty of opening up people's eyes and make them see exactly what this is. There are no goalposts being moved, in fact they've been in storage for the past three months as there's no "game" being played on this very field.

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

[Eckstein197]

Originally Posted by rifleman69

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

That's completely false. As a card collector you should know that. Does a Zion 1/1 prizm cause his plentiful prizm base to be single digits in value? No, the base are still valuable. That makes no sense and that's such a stretch with zero logical backing.

The people chasing 1/1s don't swim in the same pool as the people buying/selling/collecting /15K and 35K. Those are whales, who will spend hundreds of thousands on these 1/1s. These 1/1s aren't going to be sold for 5K. If they were that cheap, then yes 15K and 35K would come down. They won't be though, not even close. The bigger named guys especially could be close to a million

[Archangel1775]

Originally Posted by rifleman69

Just doing the good duty of opening up people's eyes and make them see exactly what this is.

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

Exactly who are you helping? Let me guess, people are sending you PM's thanking you for saving them $14?

I would wager big that a LeBron/15,000 wont hit $9.

[Archangel1775]

Originally Posted by Eckstein197

The bigger named guys especially could be close to a million

Ok, let's be real man, it's not like there are millionaires buying these Moments....

Oh wait.....

[Eckstein197]

Originally Posted by rifleman69

Just doing the good duty of opening up people's eyes and make them see exactly what this is. There are no goalposts being moved, in fact they've been in storage for the past three months as there's no "game" being played on this very field.

This is the problem with social media. People, and it's not just you, when they argue against something/believe in one side act like they're some Messiah, brought from the heavens to speak the truth. That everyone should follow THEIR advice because it's the one that matters.

Guess what, you're not. You're the same as every single person on this board. A single person, with a single voice and a single subjective bias.

Opening up people's eyes? All you've been doing is arguing, don't act like some almighty power like you're doing humanitarian work.

Ego alert that's for sure.

The funny part is if you'd put even 2% of the energy of hating top shot that you've done over the past 2 months, you could've put some money in and actually made a nice profit. Plus you'd be able to cash out because I did KYC in mid-late February (I believe the 22nd) and I just got approved to cash out

[daeve]

Originally Posted by rifleman69

Just doing the good duty of opening up people's eyes and make them see exactly what this is. There are no goalposts being moved, in fact they've been in storage for the past three months as there's no "game" being played on this very field.

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

Great Scott! You're right - everytime Panini prints a new Luka 1/1, his Prizm base RC drops to $10 - I just never understood the cycle until now - thank you rifleman69!

[rysportguy]

Originally Posted by rifleman69

Just doing the good duty of opening up people's eyes and make them see exactly what this is. There are no goalposts being moved, in fact they've been in storage for the past three months as there's no "game" being played on this very field.

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

So you think 1/1's would actually be valuable but 1/50 wouldn't be valuable? How come sports cards that aren't 1/1 are bought? If you are saying the premiums for serial numbers are silly that is a rational take but I don't know how you can say something only has value if it is 1/1. What if 10000 people want to own it and there are only 1000 of them. Does that not create value within those 1000?

[rysportguy]

Originally Posted by jcardstore

All I'm saying is that you're doing the same thing that you're complaining about. Anything remotely negative about topshot you just outright dismiss regardless of how rational it is or isn't.

You've always got a "yea, but"

If you want to bring up a previous post I would gladly explain myself. There has been negative things that I have agreed with and I myself have been pushing about the negative aspect about the total market cap declining. Some of you have it in your head that I am some non stop pumper but if you actually go back and read my posts I have had positive and negatives to say about this and have agreed with both positive and negative posts. I led the charge about Anthony Davis Cool Cats Challenge being the next gamestop (in the sense of it being a pump and dump).