NBA Top Shot - High Risk, High Reward?

[val47]

Was a drop today?

[blevins26]

Originally Posted by mcgee2134

Here's a good read.
You all should read this entire article and decide for yourself how it does or does not relate to TopShot.

https://fstoppers.com/opinion/nfts-a...g-money-554869

There will for sure be winners and losers in the NFT marketplace. I have 1 and only 1 "crypto buddy" who I talk crypto in general with. He hasn't been able to wrap his mind around Top Shot. The way he's approaching it is from a crypto perspective (centralized/decentralized, FLOW blockchain, why do we need to use blockchain for Top Shot, etc.).

What I explained to him yesterday, specifically with Top Shot, is that TS competes against physical cards (so, basically Panini). It doesn't need to be much more complicated than that. Is it better than the competition? Right now, I think so. The ROI on TS packs is, easily, 10x better than most wax boxes. The buy-in for TS Moments is 10x lower than box prices. Buying and selling is an order of magnitude easier than buying & selling physical cards.

I can see how the NFT art craze is a little silly because you have people who have never bought art before just randomly spending crypto to buy these meme-based art creations. But I think Top Shot is something completely different because of the natural link to a niche market (the card collecting community) that makes it an extension of that market.

We will definitely see price fluctuations with TS Moments because the market is so young that price discovery is still happening. We're likely to see boom & bust cycles with regard to marketplace pricing. But I think the concept and having the NBA licensing will keep TS relevant and important for the foreseeable future.

[BosCardGuy]

Been doing Topshot for like a month.

The market is so stupid... stuff goes up, it goes down it goes up it goes down it goes up it goes down.

[BosCardGuy]

But that is only going to last for as long as they limit the packs that people can buy.

Originally Posted by blevins26

There will for sure be winners and losers in the NFT marketplace. I have 1 and only 1 "crypto buddy" who I talk crypto in general with. He hasn't been able to wrap his mind around Top Shot. The way he's approaching it is from a crypto perspective (centralized/decentralized, FLOW blockchain, why do we need to use blockchain for Top Shot, etc.).

What I explained to him yesterday, specifically with Top Shot, is that TS competes against physical cards (so, basically Panini). It doesn't need to be much more complicated than that. Is it better than the competition? Right now, I think so. The ROI on TS packs is, easily, 10x better than most wax boxes. The buy-in for TS Moments is 10x lower than box prices. Buying and selling is an order of magnitude easier than buying & selling physical cards.

I can see how the NFT art craze is a little silly because you have people who have never bought art before just randomly spending crypto to buy these meme-based art creations. But I think Top Shot is something completely different because of the natural link to a niche market (the card collecting community) that makes it an extension of that market.

We will definitely see price fluctuations with TS Moments because the market is so young that price discovery is still happening. We're likely to see boom & bust cycles with regard to marketplace pricing. But I think the concept and having the NBA licensing will keep TS relevant and important for the foreseeable future.

[BosCardGuy]

Originally Posted by val47

Was a drop today?

Yesterday

[LovelyLlamas]

Originally Posted by blevins26

There will for sure be winners and losers in the NFT marketplace. I have 1 and only 1 "crypto buddy" who I talk crypto in general with. He hasn't been able to wrap his mind around Top Shot. The way he's approaching it is from a crypto perspective (centralized/decentralized, FLOW blockchain, why do we need to use blockchain for Top Shot, etc.).

What I explained to him yesterday, specifically with Top Shot, is that TS competes against physical cards (so, basically Panini). It doesn't need to be much more complicated than that. Is it better than the competition? Right now, I think so. The ROI on TS packs is, easily, 10x better than most wax boxes. The buy-in for TS Moments is 10x lower than box prices. Buying and selling is an order of magnitude easier than buying & selling physical cards.

I can see how the NFT art craze is a little silly because you have people who have never bought art before just randomly spending crypto to buy these meme-based art creations. But I think Top Shot is something completely different because of the natural link to a niche market (the card collecting community) that makes it an extension of that market.

We will definitely see price fluctuations with TS Moments because the market is so young that price discovery is still happening. We're likely to see boom & bust cycles with regard to marketplace pricing. But I think the concept and having the NBA licensing will keep TS relevant and important for the foreseeable future.

So basically the NBA gives Panini exclusive rights for making cards which takes UD and Topps out of the game but promotes TopShot to be direct competition with Panini? That makes zero sense.

[hoopstaj]

Looking around marketplace and noticing seeing stars /10k more than a series 2 /7500, those hold premium because of the challenge right?


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[thenightman]

They got me!!!! Gobbling up undervalued moments with my Seeing Stars pack investment return.

[Eckstein197]

Originally Posted by hoopstaj

Looking around marketplace and noticing seeing stars /10k more than a series 2 /7500, those hold premium because of the challenge right?


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Yes, once the challenge is over you’ll see their prices drop. Hunting the KD/LeBron is driving the prices up

[hoopstaj]

Originally Posted by Eckstein197

Yes, once the challenge is over you’ll see their prices drop. Hunting the KD/LeBron is driving the prices up

Debating selling my Mitchell all star for Zion /7500. I figure once challenge done the Mitchell will tank but a Zion has more staying power. Any thoughts?


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[PrinceVegeta]

no spike on all stars today sad

[rifleman69]

Originally Posted by LovelyLlamas

So basically the NBA gives Panini exclusive rights for making cards which takes UD and Topps out of the game but promotes TopShot to be direct competition with Panini? That makes zero sense.

It's not a card.

[eastbayak]

Finally acquired all the SS moments needed for LeBron's challenge. I'm into them for a little more than $3.5k. We'll see how it plays out. Only plan to keep the LeBron +/- Curry +/- Luka.

[hoopstaj]

Originally Posted by eastbayak

Finally acquired all the SS moments needed for LeBron's challenge. I'm into them for a little more than $3.5k. We'll see how it plays out. Only plan to keep the LeBron +/- Curry +/- Luka.

Damn congrats! Nice looking moments there


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[b2k1121]

Originally Posted by PrinceVegeta

no spike on all stars today sad

I think this makes sense. There's way too many challenges going and too much new stuff recently. How many people can do all of these challenges with how expensive that would be? A lot of people have their money in the Durant and/or Lebron challenges or the Rising Stars challenges. This morning there were only around 20 people that have completed the AS challenge. Just seems like a bad time to introduce these.

[boxbuster7]

Originally Posted by b2k1121

I think this makes sense. There's way too many challenges going and too much new stuff recently. How many people can do all of these challenges with how expensive that would be? A lot of people have their money in the Durant and/or Lebron challenges or the Rising Stars challenges. This morning there were only around 20 people that have completed the AS challenge. Just seems like a bad time to introduce these.

Unfortunately the pattern did not hold. I think the price for the Lebron has single handedly priced most people out of the Giannis Challenge.

[eastbayak]

Originally Posted by hoopstaj

Damn congrats! Nice looking moments there


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Appreciate the kind words man!!

[drobfan8]

A lot of people panic selling All Star moments.

But maybe we won't see them rise back up.

[whodatbeastly16]

I sure hope they rise back up. They have way too many high priced challenges going on. Each challenge should last a week maximum and then we wouldn’t have this problem to such an extent. The Giannis may actually be a sleeper challenge to complete since it seems not too many will be minted at the moment. I’m going to hold my Beal for a few more days. Also, where in the world is the Zion challenge announcement? They announced the Lebrun what 4 days ago? Cmon y’all I need my Deni to go up in price

[Birdanski]

Originally Posted by whodatbeastly16

I'll pass. Too unpredictable. I know for a fact the Deni will go up once Zion's announced

When is that zion challenge coming?!

[Satan]

Originally Posted by drobfan8

A lot of people panic selling All Star moments.

But maybe we won't see them rise back up.

What's the demand for these All Star moments anyway? There's a good amount of supply on the marketplace- wonder how many people are completing these challenges

[whodatbeastly16]

Originally Posted by Birdanski

When is that zion challenge coming?!

It should be after the Edwards challenge timer runs out but they announced the Lebron that doesn’t start till the KD comes out 4 days ago they made the announcement for that one. The Zion is coming one day after that and they still haven’t announced it.

Still no badges. How long does it take to add badges? 3 months?!! Wow

[whodatbeastly16]

Originally Posted by Satan

What's the demand for these All Star moments anyway? There's a good amount of supply on the marketplace- wonder how many people are completing these challenges

There’s only 2000 of them possible. You’d think the demand for a low numbered Giannis would be high. First TS Allstate game too.

Edit: tons of volume on my S1 Kira moment wonder what’s going on with that one

[tjforce]

Originally Posted by whodatbeastly16

There’s only 2000 of them possible. You’d think the demand for a low numbered Giannis would be high. First TS Allstate game too.

And that brings me back to the observation from the other day..

Giannis already has so many different moments or variations of moment. 28 at last count. It keeps getting tougher and tougher to keep them from blending together.

And I think that's going on with a lot of guys. Series 2 /15000s seemed to have tanked quite a bit since /35000s came out. Just more and more supply.

Interesting to see how this all evolves.

[whodatbeastly16]

Originally Posted by tjforce

And that brings me back to the observation from the other day..

Giannis already has so many different moments or variations of moment. 28 at last count. It keeps getting tougher and tougher to keep them from blending together.

And I think that's going on with a lot of guys. Series 2 /15000s seemed to have tanked quite a bit since /35000s came out. Just more and more supply.

Interesting to see how this all evolves.

But it’s also the best ASG performance ever. Honestly I think the oversaturation of challenges is hurting more than oversaturation of moments. One player who needs more moments is Kyrie. Go look at how many moments he has. They need to make challenges shorter. It shouldn’t take 3 weeks to get 12 moments.