NBA Top Shot - High Risk, High Reward?

[orion9578]

Originally Posted by b2k1121

It would definitely suck to make millions of dollars in profit and only be able to get 3k of it per day.

I wouldn't wish it on my worst enemy.

I don't even think you can do 3k per day...

I've only withdrawn twice, 3k per both times, but I'm 99% sure the withdraw button isn't even visible while it's pending. I only have enough dap to buy a 1k pack left, so I can't test it again...

Someone who is going to withdraw anyways want to test that out?

[Vinny1984]

Originally Posted by orion9578

I don't even think you can do 3k per day...

I've only withdrawn twice, 3k per both times, but I'm 99% sure the withdraw button isn't even visible while it's pending. I only have enough dap to buy a 1k pack left, so I can't test it again...

Someone who is going to withdraw anyways want to test that out?

Correct. You can’t have more than one pending withdrawal. Once complete, the option becomes available again.

[GeechQuest]

Originally Posted by Vinny1984

Those whale accounts aren’t anywhere near their evaluations. It’s very difficult to move a $1000 moment much less the stuff they are holding. I have/had a top 1% account for a long time and my evaluation is below $20k. The buyer pool for high end is extremely limited.

Gift and a curse.

Lib’s account was valued at $15M, now $9.5M. He’s up $41K just checking sales to purchases.

His account is ranked 9th on the platform.

Then we take someone like Pranked, 11th on platform, who is up $5.2M just checking sales to purchases.

Ipso facto: Account ranking means nada. Can you monetize it is the measure IMO. It seems like a tough task.

[TFCNB]

I'm thinking there will be a pack drop this week, that should really send the market into a tail spin.

[orion9578]

Originally Posted by Vinny1984

Correct. You can’t have more than one pending withdrawal. Once complete, the option becomes available again.

Thought so. Mine took 6 days the first time and 4 the second(included weekends both times). Was 99% sure I remember the withdraw button was MIA during that time.

So say it takes an average of 3 days per withdraw. To take 90K out, it'd take you roughly 3 months.

[CVTS33]

The "Whales" do not have millions to take out. The account values are calculated in such a way that would make no sense to any reasonable person.

In collectables, you generally look at the last sale to make a baseline. The next sale could be more or it could be less, but the buyers determine the value and not the sellers.

For example. Look at Kawhi Leonard legendary moments. One is set at $81,999 and the other at $80,000. First one in 49 units and the second 50. This adds up to around 8 million dollars in account value. The top sales are $20,000 and $31,500 respectively. Could you get that amount right now? I doubt it, but who knows. One thing is for sure, you can't get $80,000 because nobody is meeting that price.

So 8 million worth of account value, but how much has actually entered the market on Kawhi moments? The short answer is "not much", the precise answer is: $87,616 + $39,748 = $127,364 - the rake 5% (assuming this was all new money and not just moved around from other sales)

You may say, well someone, or a collective of someones, will come around and pay over 8 million of Kawhi moments, but this is pure speculation and not value. The sellers can not determine the value.

This is the scenario for all of the top end moments. The money simply isn't there to call these bets. Their gamble is that it will be there at some undefined moment in the future. You can choose to agree with that notion but this does not equal extracting 3K a day until the number is met.

[b2k1121]

Originally Posted by TFCNB

I'm thinking there will be a pack drop this week, that should really send the market into a tail spin.

Yeah they said on Friday they were planning a pack drop within the next 7 days, so most likely.

[jcardstore]

Originally Posted by GeechQuest

Gift and a curse.

Lib’s account was valued at $15M, now $9.5M. He’s up $41K just checking sales to purchases.

His account is ranked 9th on the platform.

Then we take someone like Pranked, 11th on platform, who is up $5.2M just checking sales to purchases.

Ipso facto: Account ranking means nada. Can you monetize it is the measure IMO. It seems like a tough task.

He's been on quite a selling spree in the last week.

[boxbuster7]

6 minutes till the durant purge!

[GeechQuest]

Originally Posted by jcardstore

He's been on quite a selling spree in the last week.

He’s still 2x purchases vs sales in total moment volume.

Here’s what’s nuts to me, and I only use Lib’s account since he’s Top-10 and posted on the forum.

He’s up $41K just just from sales to purchases. That’s a stellar job and I could never have done it even if you told me TS was going to do what it did. I’m dumb.

So Lib is currently up $41K cash, but TS with the 5% rake is up $130K off Lib’s account. How is TS up 3.5x cash on a Top-10 account when Lib is keeping 95%? I know Lib is Hodling moments, just nuts to me when you see account valuations and look into the numbers a bit what all it entails.

The number 2 account on the platform is up $9K purchase to sales, and has made TS $26K just transacting on the platform. Crazy stuff.

[b2k1121]

Originally Posted by boxbuster7

6 minutes till the durant purge!

I'm interested to see if any of that money flows into the Lebron challenge. AD is the one to watch as a lot of SS2 holders don't have the AD. People either don't realize he's in the challenge or are being cautious until it's officially announced.

[Archangel1775]

Prices seem to have settled. My port value is back where it was at or slightly higher than where it was pre-badge. I dont know what it is but I would like to see an increase in interest among new people. Maybe its just an educational thing to get people interested. I'd like to see a big NBA/Dapper Labs full fledge marketing campaign. With the SNL skit(thanks to who posted that) and now Pete Alonso doing charity work along with other athletes, hopefully the future is bright for NFTs.

These weekend price drops are strange though.

[boxbuster7]

Originally Posted by b2k1121

I'm interested to see if any of that money flows into the Lebron challenge. AD is the one to watch as a lot of SS2 holders don't have the AD. People either don't realize he's in the challenge or are being cautious until it's officially announced.

I can't believe they haven't announced it yet

[Archangel1775]

Originally Posted by jcardstore

He's been on quite a selling spree in the last week.

He's actually been buying and selling from the beginning. Both pre and post explosion. No need to make it more than it is.

[b2k1121]

Originally Posted by Archangel1775

Prices seem to have settled. My port value is back where it was at or slightly higher than where it was pre-badge. I dont know what it is but I would like to see an increase in interest among new people. Maybe its just an educational thing to get people interested. I'd like to see a big NBA/Dapper Labs full fledge marketing campaign. With the SNL skit(thanks to who posted that) and now Pete Alonso doing charity work along with other athletes, hopefully the future is bright.

These weekend price drops are strange though.

Anyone getting in during the last month has not had a good experience even if they got a pack or two, if they participated in the market. Anything they bought has declined in value. These are people that got in after hearing about all the free money no matter what you bought. Should get better when the prices are more realistic.

[b2k1121]

James Harden SS went from $210 to $105 in the first 2 minutes of the challenge ending.

[Archangel1775]

Originally Posted by b2k1121

James Harden SS went from $210 to $105 in the first 2 minutes of the challenge ending.

50% is about right based on the Luka challenge

[whodatbeastly16]

Yup and Zion down to $160. Glad I didn't do this challenge. Was thinking that some of the people posting the drops only being 25% were being a tad optimistic. It's weird I don't see any KD's posted yet

[rifleman69]

Originally Posted by GeechQuest

He’s still 2x purchases vs sales in total moment volume.

Here’s what’s nuts to me, and I only use Lib’s account since he’s Top-10 and posted on the forum.

He’s up $41K just just from sales to purchases. That’s a stellar job and I could never have done it even if you told me TS was going to do what it did. I’m dumb.

So Lib is currently up $41K cash, but TS with the 5% rake is up $130K off Lib’s account. How is TS up 3.5x cash on a Top-10 account when Lib is keeping 95%? I know Lib is Hodling moments, just nuts to me when you see account valuations and look into the numbers a bit what all it entails.

The number 2 account on the platform is up $9K purchase to sales, and has made TS $26K just transacting on the platform. Crazy stuff.

Now you see it, kudos.

[Archangel1775]

Originally Posted by b2k1121

Anyone getting in during the last month has not had a good experience even if they got a pack or two, if they participated in the market. Anything they bought has declined in value. These are people that got in after hearing about all the free money no matter what you bought. Should get better when the prices are more realistic.

I think anyone that got a pack or two did fantastic ROI wise. Matter in fact, I would say very few lost going just that route. However, buying expensive Moments and particularly, holding the Challenge Moments without completion is another thing.

[b2k1121]

I don't think I'd be brave enough to post my moments the minute a challenge ends, it's not like buyers are lining up for them anyways, it's going to drop 50% or so no matter how fast you can post it. TS says you should hold them until you get the reward to guarantee there aren't any mistakes.

[boxbuster7]

Originally Posted by GeechQuest

He’s still 2x purchases vs sales in total moment volume.

Here’s what’s nuts to me, and I only use Lib’s account since he’s Top-10 and posted on the forum.

He’s up $41K just just from sales to purchases. That’s a stellar job and I could never have done it even if you told me TS was going to do what it did. I’m dumb.

So Lib is currently up $41K cash, but TS with the 5% rake is up $130K off Lib’s account. How is TS up 3.5x cash on a Top-10 account when Lib is keeping 95%? I know Lib is Hodling moments, just nuts to me when you see account valuations and look into the numbers a bit what all it entails.

The number 2 account on the platform is up $9K purchase to sales, and has made TS $26K just transacting on the platform. Crazy stuff.

How can TS make more off a users account if their cut is only 5%? Confused by your numbers 41k and 130k

[b2k1121]

Originally Posted by Archangel1775

I think anyone that got a pack or two did fantastic ROI wise. Matter in fact, I would say very few lost going just that route. However, buying expensive Moments and particularly, holding the Challenge Moments without completion is another thing.

I didn't mean that they lost a bunch of money or even lost money at all. Just that the experience they likely expected coming in was not great or didn't live up to expectations. As an example, the Cool Cats pack had an EV around $100-$200. If a new user got that pack and sold everything to buy a moment they really liked, that moment has likely dropped 30%-50% since they bought it.

Still good, but nothing like it was in February and it might incentivize these people to just flip packs instead of buying.

[Archangel1775]

Originally Posted by whodatbeastly16

Yup and Zion down to $160. Glad I didn't do this challenge. Was thinking that some of the people posting the drops only being 25% were being a tad optimistic. It's weird I don't see any KD's posted yet

I did the math yesterday. It would've cost me $1400 to complete the challenge for the other 9 I needed. I only valued the KD at the same price as his /7500. It wasn't worth it to me.

[GeechQuest]

Originally Posted by boxbuster7

How can TS make more off a users account if their cut is only 5%? Confused by your numbers 41k and 130k

Lib has:

$1.26M in purchases
$1.3M in sales.

The difference is his cut obviously.

TS scoops 5% on all transactions (his buys and sales).

$2.55M @ 5% transaction fee is $127.5K.

That’s how.