NBA Top Shot - High Risk, High Reward?

[Howie7107]

Originally Posted by orion9578

He paid $200~ for a "pack" of GIF's and sold one for $42k. Would you have been happy? I'd have been ecstatic, haha. I am an old retired man now, BUT, that is more money than I made in 2 years in 2001/2002, fresh out of college.

I get what you're saying, a month~ ago, he could have likely got 1.5-2x that?

My opinion is that virtually everything was overpriced at that point though. That'd be why I sold most of my stuff right around then. I have only kept a few Suns moments and don't plan on doing much till we see a bottom(I still don't think we're even close on a lot of stuff...).

I'll join pack drops and read the thread, but that'll be the extent of my TS activities unless things change(slowing of the market is my biggest complaint).

My point is that he could’ve gotten quite a bit more even today. Not at all berating the seller or lamenting the price because it somehow affects me. Simply pointing out that there was quite a bit of meat left on the bone.

[TFCNB]

Market cap all the way down to 1.22B. Is it time to buy yet?

[whodatbeastly16]

Originally Posted by TFCNB

Market cap all the way down to 1.22B. Is it time to buy yet?

Almost

[monkeymcgee]

I got a $500 lesson in not being a greedy bastard today. Good luck to those staying in. I'm just here for the packs going forward.

[monkeymcgee]

Originally Posted by monkeymcgee

I got a $500 lesson in not being a greedy bastard today. Good luck to those staying in. I'm just here for the packs going forward.

Ha--that didn't last long. Saw a Giannis S1 MVP Moves /499 for $1.1k. Maybe another lesson is coming, but that seemed too good to pass up.

[boxbuster7]

I have a feeling they're going to LE everything out of /35,000 very soon

[pejc300]

Originally Posted by boxbuster7

I have a feeling they're going to LE everything out of /35,000 very soon

Does LE mean limited edition?

I remember when I got these sweet Penny Hardaway and Chris Webber Classic cards that were limited to I think 66,500.

Thankfully, because they were so limited in production, I was able to purchase multiple beach houses with the profits 25 years later, just like I planned.

[rifleman69]

Originally Posted by pejc300

Does LE mean limited edition?

I remember when I got these sweet Penny Hardaway and Chris Webber Classic cards that were limited to I think 66,500.

Thankfully, because they were so limited in production, I was able to purchase multiple beach houses with the profits 25 years later, just like I planned.

Or all of the Shaq classic cards....still have the signature out of I think 2500. A big fat $80 or so! Retirement unlocked.

[boxbuster7]

Originally Posted by pejc300

Does LE mean limited edition?

I remember when I got these sweet Penny Hardaway and Chris Webber Classic cards that were limited to I think 66,500.

Thankfully, because they were so limited in production, I was able to purchase multiple beach houses with the profits 25 years later, just like I planned.

yes, the first batch of series 2 everything was LE'd to 15,000 and 12,000 for players first moments

[b2k1121]

Originally Posted by boxbuster7

I have a feeling they're going to LE everything out of /35,000 very soon

Why do you think that? Wasn't the point of those to create a ton a cheap moments for new people to get started with?

[Keyser Soze]

Originally Posted by rifleman69

Or all of the Shaq classic cards....still have the signature out of I think 2500. A big fat $80 or so! Retirement unlocked.

That's $80 more than these things will be worth in 30 years.

[rifleman69]

Originally Posted by Keyser Soze

That's $80 more than these things will be worth in 30 years.

You're not wrong.

[yiguiri2002]

Seems like the market cap is going down by 5M every hour. Does anyone know what's going on?

[Archangel1775]

Originally Posted by pejc300

Does LE mean limited edition?

I remember when I got these sweet Penny Hardaway and Chris Webber Classic cards that were limited to I think 66,500.

Thankfully, because they were so limited in production, I was able to purchase multiple beach houses with the profits 25 years later, just like I planned.

Originally Posted by rifleman69

Or all of the Shaq classic cards....still have the signature out of I think 2500. A big fat $80 or so! Retirement unlocked.

Originally Posted by Keyser Soze

That's $80 more than these things will be worth in 30 years.

Party Poop alert....

The last I checked, those weren't licensed by the NBA. Cool story though. Let me guess, you got your Shaq price from the latest Beckett price guide.

[pejc300]

Originally Posted by Archangel1775

Party Poop alert....

The last I checked, those weren't licensed by the NBA. Cool story though. Let me guess, you got your Shaq price from the latest Beckett price guide.

I know. I was just trying to funny. I still cannot wrap my head around 35,000 of anything being "limited" to the point of having much value, but times they are a changing.

[Archangel1775]

Originally Posted by yiguiri2002

Seems like the market cap is going down by 5M every hour. Does anyone know what's going on?

You missed a zero somewhere....30 day trend on CryptoSlam shows a daily average market cap of roughly $5 mil not including the giant rise weeks ago.

[Archangel1775]

Originally Posted by pejc300

I know. I was just trying to funny. I still cannot wrap my head around 35,000 of anything being "limited" to the point of having much value, but times they are a changing.

If you have any NBA licensed 2019 or 2020 LeBron Lakers cards for $1, I'll take them all.

[orion9578]

Originally Posted by yiguiri2002

Seems like the market cap is going down by 5M every hour. Does anyone know what's going on?

Everyone realizing the vast majority of stuff was overvalued? Been happening for awhile now.

IMO series 1 stars, stars & RC's from any series/set will be the only thing that has much value before to many more months go by. Not to sure why a common player /35,000 was ever worth more than a dollar beyond if it was needed to complete a challenge.

I'm not sure how many accounts would need to be opened & actively buying to keep thing's like commons /35k afloat. Best guess there won't be enough opened or actively buying those types of moments to keep them above a dollar or two(and we might actually get to a point where they're listed at 1 dollar and flat don't sell). Hope I'm wrong, for anyone heavily invested but I put my money on things turning out this way and sold out a while back(near the high point, luckily enough).

[Archangel1775]

Originally Posted by orion9578

Everyone realizing the vast majority of stuff was overvalued? Been happening for awhile now.

IMO series 1 stars, stars & RC's from any series/set will be the only thing that has much value before to many more months go by. Not to sure why a common player /35,000 was ever worth more than a dollar beyond if it was needed to complete a challenge.

I'm not sure how many accounts would need to be opened & actively buying to keep thing's like commons /35k afloat. Best guess there won't be enough opened or actively buying those types of moments to keep them above a dollar or two(and we might actually get to a point where they're listed at 1 dollar and flat don't sell). Hope I'm wrong, for anyone heavily invested but I put my money on things turning out this way and sold out a while back(near the high point, luckily enough).

I can see the floor on 35K+ commons at $2-$3 but star players aren't going that low. As far as activity, bot accounts aside, there is enough weekly growth for the marketplace to be active for quite some time.

[jcardstore]

Originally Posted by orion9578

Everyone realizing the vast majority of stuff was overvalued? Been happening for awhile now.

IMO series 1 stars, stars & RC's from any series/set will be the only thing that has much value before to many more months go by. Not to sure why a common player /35,000 was ever worth more than a dollar beyond if it was needed to complete a challenge.

I'm not sure how many accounts would need to be opened & actively buying to keep thing's like commons /35k afloat. Best guess there won't be enough opened or actively buying those types of moments to keep them above a dollar or two(and we might actually get to a point where they're listed at 1 dollar and flat don't sell). Hope I'm wrong, for anyone heavily invested but I put my money on things turning out this way and sold out a while back(near the high point, luckily enough).

I think even the biggest Topshot supporters will agree with this

[yiguiri2002]

Originally Posted by Archangel1775

You missed a zero somewhere....30 day trend on CryptoSlam shows a daily average market cap of roughly $5 mil not including the giant rise weeks ago.

Not talking about sales or daily market cap but total market cap. I've been following it on Moment Ranks and it's at 1.39B right now, I remember it being above 1.5 a few days ago.

I know there is a market correction but still it's going much faster than I though, specially with all the moments that have been coming from the packs. That's what I was asking about.

[yiguiri2002]

Originally Posted by orion9578

Everyone realizing the vast majority of stuff was overvalued? Been happening for awhile now.

IMO series 1 stars, stars & RC's from any series/set will be the only thing that has much value before to many more months go by. Not to sure why a common player /35,000 was ever worth more than a dollar beyond if it was needed to complete a challenge.

I'm not sure how many accounts would need to be opened & actively buying to keep thing's like commons /35k afloat. Best guess there won't be enough opened or actively buying those types of moments to keep them above a dollar or two(and we might actually get to a point where they're listed at 1 dollar and flat don't sell). Hope I'm wrong, for anyone heavily invested but I put my money on things turning out this way and sold out a while back(near the high point, luckily enough).

I agree with everything you've said. I'm just shocked it's happening so fast. Despite introducing tens of thousands of moments yesterday, their market cap has gone down like 5%.

I'm pretty sure it will all be fixed when we move from Beta to Alpha though.

[rifleman69]

Originally Posted by Archangel1775

Party Poop alert....

The last I checked, those weren't licensed by the NBA. Cool story though. Let me guess, you got your Shaq price from the latest Beckett price guide.

Why would a college card need NBA licensing?

As for the price, I took just a little less than 50% of this ebay price. https://www.ebay.com/itm/1992-Shaqui...YAAOSw92ZgWRch

[rifleman69]

Originally Posted by yiguiri2002

I agree with everything you've said. I'm just shocked it's happening so fast. Despite introducing tens of thousands of moments yesterday, their market cap has gone down like 5%.

I'm pretty sure it will all be fixed when we move from Beta to Alpha though.

This is part of the problem when you don't have new users being allowed access to buy/sell. When money is being pulled out (by both Dapper as well as people pulling money out), there is only so much $$$ to go around.

[shu4040]

Originally Posted by rifleman69

This is part of the problem when you don't have new users being allowed access to buy/sell. When money is being pulled out (by both Dapper as well as people pulling money out), there is only so much $$$ to go around.

Plus with every trade Top Shot is taking their 5% fee. Starts to eek away with this high volume trading