NBA Top Shot - High Risk, High Reward?

[ClipsandVols]

Originally Posted by colbycolbycolby

It's like seeing people sell MLM stuff on your Facebook. Monat, thrive, ItWorks! All the boss babes. You should ignore them, but you can't help to take a moment and read the caption and see the emojis. You feel sorry for them, but at the same time you can't wait until they realize the road they've gone down and they start to shut the fukc up about it. Same with this crew of pumpers hawking a Trevor Ariza /9000 gif of a layup. The time will come. And I will bump this daily.

When was the last time someone did something nice for you? Can I buy you dinner or something? It seems like you might need a hug or a friend.

[colbycolbycolby]

Originally Posted by ClipsandVols

When was the last time someone did something nice for you? Can I buy you dinner or something? It seems like you might need a hug or a friend.

Just hate to see people with broken english and a Blowout account less than six months old get roped into an obvious cash grab, pump-n-dump scheme. That's why I wrote a heart-felt message to grade to be careful. I also told him to keep it going if that's what he wants. I really do wish everybody luck, but I also can't wait to be the I-told-you-so guy in a few years. I guess we will sit back and see. This is blockchain, yes. But this isn't finite Bitcoin or other crypto.

This will be my last post in this thread. And I truly want everybody to know- I hope it goes well for you. Don't view my skepticism as hate. I love all y'all. Just please, for the love of god, don't put everything in this.

[Chris P]

Originally Posted by colbycolbycolby

Just hate to see people with broken english and a Blowout account less than six months old get roped into an obvious cash grab, pump-n-dump scheme. That's why I wrote a heart-felt message to grade to be careful. I also told him to keep it going if that's what he wants. I really do wish everybody luck, but I also can't wait to be the I-told-you-so guy in a few years. I guess we will sit back and see. This is blockchain, yes. But this isn't finite Bitcoin or other crypto.

This will be my last post in this thread. And I truly want everybody to know- I hope it goes well for you. Don't view my skepticism as hate. I love all y'all. Just please, for the love of god, don't put everything in this.

"I wish everybody luck..but I still want this to fail so I can say I told you so"

[sebreg]

I'm rooting for people who are playing the digital collectible game. More power to them if they can make some cash and have fun at the same time. So while I do have some skepticism for how it might play out over the longer term, never want to see anybody get hurt with a crash.

[Vinny1984]

Originally Posted by colbycolbycolby

but I also can't wait to be the I-told-you-so guy in a few years.

Is this really what your life is?

[tcdyess]

Originally Posted by Vinny1984

Is this really what your life is?

yeah, no hate there....

[Brobocop]

Originally Posted by colbycolbycolby

Just hate to see people with broken english and a Blowout account less than six months old get roped into an obvious cash grab, pump-n-dump scheme. That's why I wrote a heart-felt message to grade to be careful. I also told him to keep it going if that's what he wants. I really do wish everybody luck, but I also can't wait to be the I-told-you-so guy in a few years. I guess we will sit back and see. This is blockchain, yes. But this isn't finite Bitcoin or other crypto.

This will be my last post in this thread. And I truly want everybody to know- I hope it goes well for you. Don't view my skepticism as hate. I love all y'all. Just please, for the love of god, don't put everything in this.

Bro, one could argue that the entire card market is a pump and dump right now. No reason for any of the huge prices on wax. Like anything in the world, investment or hobby, you shouldn't be putting in more than you can lose. Stop hating on this. Trust me, I have my reservations, but I also don't see the harm. Best case, people make some money and this takes off. Worst case, people lose money and if they did it right, they can still live their lives. If they put too much in then it's a nice lesson for them to learn.

[patchgenie]

this seems kind of fun. i'd rather own some gifs than some fake coins i guess.

[rifleman69]

Originally Posted by Wildcat55

Definitely not, especially at his age. I am the one that pays for his worthless skins and in game purchases on Fortnight and for all the stuff he buys via Steam. It’s the guys that are a bit older that have a little more disposable income (and that also play around on Robinhood, Draft Kings, etc) but still communicate and get their news and info via Twitter, Instagram, TikTok etc.

The main point is that many people are used to sharing short clips and communicating every day via short moments, tweets, etc so this is simply something that appeals to that form of daily communication and way they interact with sports. TopShot has also integrated Discord really well into this so the social aspect has been huge for this and the marketing of it.

Sharing yes, but are you or your son and his friends willing to pay for it?

[rifleman69]

Originally Posted by notoriousrmb

When do the TopShot 1099's get released?

NEVER!!!

[Chris P]

Originally Posted by Vinny1984

Is this really what your life is?

Sad and pathetic isn't it..which makes his "well wishes" hollow which is no shock

[grade]

Originally Posted by grade

If this does, It actually cost me 2 Pokemon cards.

Originally Posted by colbycolbycolby

Just hate to see people with broken english and a Blowout account less than six months old get roped into an obvious cash grab, pump-n-dump scheme. That's why I wrote a heart-felt message to grade to be careful. I also told him to keep it going if that's what he wants. I really do wish everybody luck, but I also can't wait to be the I-told-you-so guy in a few years. I guess we will sit back and see. This is blockchain, yes. But this isn't finite Bitcoin or other crypto.

This will be my last post in this thread. And I truly want everybody to know- I hope it goes well for you. Don't view my skepticism as hate. I love all y'all. Just please, for the love of god, don't put everything in this.

No hard feelings, If i lose everything in Top Shot, it will cost me 2 pokemon cards as i mentioned before. The lessons learned entering the digital, crypto world is priceless and opened my eyes to crypto investment. Even started and bought a bunch of crypto in Coinbase.

[Archangel1775]

Originally Posted by ClipsandVols

Grade--- Just block the guys that are coming at you. They're here strictly to belittle you and others. If you're pumping, who cares. Everyone can make their own decisions on what to buy in to/what to avoid.

To the guys who aren't participating in Top Shot, why are you even in the thread? Let the dudes talk about TS, their valuation, their "pump", or whatever and move on. By bumping this thread constantly, you're essentially pumping TS too.

Its funny, Grade has never really pumped it like a used car salesman. It's always been more of a motivating, "give it a shot" of sharing "his plays" like buying LeMelo and LeBron. After the haters and doubters got a bit personal, he decided to flex his portfolio, so that part if intentional.

Originally Posted by helstad

This is for americans only, right? Dapper says they only transfer funds to US banks.

As of now, yes or there is something about transferring it via crypto but thats outside of my expertise. Dapper Labs actually partnered with the company Circle for customers to have the ability to use credit cards on their site and do bank transfers, from what I gather. Its a bit scary that this isn't quite open to the rest of the world unless you got crypto. That says a lot about its potential.

Originally Posted by notoriousrmb

When do the TopShot 1099's get released?

Seriously, this is also likely part of the reason they are doing the proof of identity process to cash out.

Originally Posted by colbycolbycolby

It's like seeing people sell MLM stuff on your Facebook. Monat, thrive, ItWorks! All the boss babes. You should ignore them, but you can't help to take a moment and read the caption and see the emojis. You feel sorry for them, but at the same time you can't wait until they realize the road they've gone down and they start to shut the fukc up about it. Same with this crew of pumpers hawking a Trevor Ariza /9000 gif of a layup. The time will come. And I will bump this daily.

There is a lot of hate and discontent coming from you and a few of your other band of brothers that do this constantly in other threads. Yes, the same names are easy to spot. Nobody is trying to sell $10,000 Moments on here. People are just sharing they experience, interest and skepticism in it. You're obviously part of the latter but you seem to be taking it personal like a few other members. Would you feel better if some of us went and bought a box of Donruss for $1200?

[Vinny1984]

Currently, their biggest problem is the “lowest ask glitch” (buy lowest button is stuck and doesn’t give an accurate representation of the market). Also I huge part of this is your portfolio valuation. The glitch makes this tool broke at the moment.

[Archangel1775]

Something I track more than prices and value. Site is called CryptoSlam.

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

As of this post:

Todays Market Buyers: 6843
Todays Market Sellers: 4613

Last night there was a roughly +1000 person difference
The previous morning it was -500 person difference (more sellers than buyers)

There is another vast increase in buyers....

I believe these are unique buyers sellers but I'll try and find out.

[Chryghst]

I think my big warning would be that from an economic perspective, Top Shot has every incentive to release increasingly significant moments week after week. If anyone is familiar with FIFA pack openings, which is perhaps the closest comparison to this that exists, the game slowly releases higher and higher ranked players month after month. Perhaps when the game releases a 85 ranking is the highest in the game. Then player of the week players release at 90, followed by player of the month players at 95. Then team of the year releases with players ranked up to 98 or 99. By continually raising the stakes, people continue to pump money into the game as they try to upgrade to the latest and greatest upgrades.

I understand that series 1 will always have some novelty, but unlike a players physical rookie cards, which decrease in value over time as his second and third year etc cards release, these moments are not being produced as they happen. Think of the moments which are popular now, and how they compare to all of the moments that have happened across basketball history.. I saw someone spend a great deal of money on a Lebron dunk, or a Herro layup. But these moments are all relative, like cards. How much will a Lebron dunk, which may seem like the best moment now, compare to him lifting a championship when that moment is released? Or any of his historic plays?

From an economic perspective they have every incentive to save these iconic moments until the end in order to sustain attention and interest. Just like FIFA packs. So I actually can see a scenario in which the value of things go up, at the cost of the moments that already exist today. Like FIFA, the 85 rated player has a ton of value when the game releases. But when the 99 rated players release, the 85 rated players don’t seem quite as attractive.

Just maybe something to keep in mind.

[Jopeal]

All valid critiques of topshot are falling on deaf ears.

Pumpers arguing in bad faith. Get that money though papi.

[Vinny1984]

Originally Posted by Chryghst

I think my big warning would be that from an economic perspective, Top Shot has every incentive to release increasingly significant moments week after week. If anyone is familiar with FIFA pack openings, which is perhaps the closest comparison to this that exists, the game slowly releases higher and higher ranked players month after month. Perhaps when the game releases a 85 ranking is the highest in the game. Then player of the week players release at 90, followed by player of the month players at 95. Then team of the year releases with players ranked up to 98 or 99. By continually raising the stakes, people continue to pump money into the game as they try to upgrade to the latest and greatest upgrades.

I understand that series 1 will always have some novelty, but unlike a players physical rookie cards, which decrease in value over time as his second and third year etc cards release, these moments are not being produced as they happen. Think of the moments which are popular now, and how they compare to all of the moments that have happened across basketball history.. I saw someone spend a great deal of money on a Lebron dunk, or a Herro layup. But these moments are all relative, like cards. How much will a Lebron dunk, which may seem like the best moment now, compare to him lifting a championship when that moment is released? Or any of his historic plays?

From an economic perspective they have every incentive to save these iconic moments until the end in order to sustain attention and interest. Just like FIFA packs. So I actually can see a scenario in which the value of things go up, at the cost of the moments that already exist today. Like FIFA, the 85 rated player has a ton of value when the game releases. But when the 99 rated players release, the 85 rated players don’t seem quite as attractive.

Just maybe something to keep in mind.

All valid and well thought out points. I don’t think anyone here doesn’t have some reservations about this.

Originally Posted by Jopeal

All valid critiques of topshot are falling on deaf ears.

Pumpers arguing in bad faith. Get that money though papi.

And then we have this post. Sigh...

[sebreg]

Originally Posted by Archangel1775

Something I track more than prices and value. Site is called CryptoSlam.

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

As of this post:

Todays Market Buyers: 6843
Todays Market Sellers: 4613

Last night there was a roughly +1000 person difference
The previous morning it was -500 person difference (more sellers than buyers)

There is another vast increase in buyers....

I believe these are unique buyers sellers but I'll try and find out.

This might be obvious, but is there an easy way to see what the all-time top selling moments were and how much they sold for? curious to see those #s, not finding them on the site atm may just be overlooking it.

[Jopeal]

Originally Posted by Vinny1984

All valid and well thought out points. I don’t think anyone here doesn’t have some reservations about this.



And then we have this post. Sigh...

The irony of your post following mine.

[rifleman69]

Originally Posted by Jopeal

The irony of your post following mine.

Where's Alanis when you need her?

[grade]

Top Shot is the first of its kind.
my opinion after 2 weeks:


Collector + Daytrader + social media + fantasy sports + flipper + prospecting = success

If anyone here that is too strong in anyone element, the learning curve will take longer. I went into Topshot strong on the "collector" element (rookies and superstars mentality). What i did not take into consideration at the beginning was that Topshot had a lot of "daytrader" type users that do not follow the NBA like the longtime collector. I was confused as to why Lebron and the big names were getting exponential prices vs rookies. After watching videos on Youtube, i began to realize that many of the users are strong investors from many countries that are not fanatical NBA followers but making money on the internet due to various reasons we in USA do not take into consideration (we are very spoiled in the USA).

Another big factor is that in most cases the hardcore collectors are first to find a new product,wax,rookie or trend hitting the cardboard world so we all understand prices. But with Topshot , the hardcore collectors are in denial and entering the Topshot market after the Daytraders.

I can go on and on.

At this point i truly believe if a person throws everything out the window that they think they know best and be more balanced in all the elements i listed at the beginning, you will succeed .

This is just a very general opinion i have gotten over the last 2 weeks. Everything is generalized.

[pejc300]

Originally Posted by grade

Top Shot is the first of its kind.
my opinion after 2 weeks:


Collector + Daytrader + social media + fantasy sports + flipper + prospecting = success

If anyone here that is too strong in anyone element, the learning curve will take longer. I went into Topshot strong on the "collector" element (rookies and superstars mentality). What i did not take into consideration at the beginning was that Topshot had a lot of "daytrader" type users that do not follow the NBA like the longtime collector. I was confused as to why Lebron and the big names were getting exponential prices vs rookies. After watching videos on Youtube, i began to realize that many of the users are strong investors from many countries that are not fanatical NBA followers but making money on the internet due to various reasons we in USA do not take into consideration (we are very spoiled in the USA).

Another big factor is that in most cases the hardcore collectors are first to find a new product,wax,rookie or trend hitting the cardboard world so we all understand prices. But with Topshot , the hardcore collectors are in denial and entering the Topshot market after the Daytraders.

I can go on and on.

At this point i truly believe if a person throws everything out the window that they think they know best and be more balanced in all the elements i listed at the beginning, you will succeed .

This is just a very general opinion i have gotten over the last 2 weeks. Everything is generalized.

You don't say...

[yiguiri2002]

Originally Posted by Vinny1984

Feelings of a pyramid scheme are valid. I personally don’t believe it but I can see why some feel that way and stay away because of it.

Edit: my thoughts on your other questions are in the body.

Thanks for replying. Regardless of what happens, it will be something seeing it unfold. Hopefully I'm wrong and there is a new influx of collectors coming into the hobby.

[yiguiri2002]

Originally Posted by Archangel1775

Something I track more than prices and value. Site is called CryptoSlam.

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

As of this post:

Todays Market Buyers: 6843
Todays Market Sellers: 4613

Last night there was a roughly +1000 person difference
The previous morning it was -500 person difference (more sellers than buyers)

There is another vast increase in buyers....

I believe these are unique buyers sellers but I'll try and find out.

The number that jumps to me is the 5M in sales. Amazing.