NBA Top Shot - High Risk, High Reward?

[Brobocop]

Originally Posted by BBases31

You may not like it but they are completely immune to whatever happens to the rest of the NFT market. During the biggest NFT collapse ever earlier this year the Sorare market went up

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[BBases31]

Originally Posted by Brobocop

Pumping to a thread of people who have no money left for NFTs because they got left holding the Top Shot bag wouldn't be too effective

[discodanman45]

Even Gary V couldn't save sports cards NFT's. It is dying a quick death.

[yiguiri2002]

Originally Posted by ninjacookies

Yeah. I noticed most Panini base cards and inserts don't have a recent sale for the past several months. Honestly wish I could source a whale to unload the entire port to. Just want to get out of this whole nft space completely.

It's because they are overpriced. I was picking up some base for my PC in the Marketplace but was only willing to pay $1 for low serial numbers (I did end up buying some higher ones at the end).

You pull something numbered to 800 and it's in the high hundreds? Can't move it.

[oldgoldy97]

I haven’t checked this thread in months.


Went pretty much as expected

[hobbytime]

According to the sub reddit, the whales are dumping their stuff. Is this the mass exodus that is coming?

[ninjacookies]

Originally Posted by yiguiri2002

It's because they are overpriced. I was picking up some base for my PC in the Marketplace but was only willing to pay $1 for low serial numbers (I did end up buying some higher ones at the end).

You pull something numbered to 800 and it's in the high hundreds? Can't move it.

I don't think much is moving, period. Even fairly low numbered superstar stuff is having a hard time getting any action. It seriously feels like a ghost town now.

Check out the sales history of any card. I'm serious. The liquidity is basically nil.

[Brobocop]

Originally Posted by hobbytime

According to the sub reddit, the whales are dumping their stuff. Is this the mass exodus that is coming?

God I really wish some of the people who dumped on the Top Shot bears were still around. Some of the vitriol that was spewed was pretty crazy.

[tjforce]

Originally Posted by ninjacookies

I don't think much is moving, period. Even fairly low numbered superstar stuff is having a hard time getting any action. It seriously feels like a ghost town now.

Check out the sales history of any card. I'm serious. The liquidity is basically nil.

Originally Posted by Brobocop

God I really wish some of the people who dumped on the Top Shot bears were still around. Some of the vitriol that was spewed was pretty crazy.

I'm still in the camp of burnings + the ability to buy common moments for sub-$1 can create an environment where some people come to collect.

Which still means that prices a ways to fall, and it'll be interesting if there is a point where the project gets abandoned or if it just lives on at much lower scale.

[hobbytime]

Originally Posted by tjforce

I'm still in the camp of burnings + the ability to buy common moments for sub-$1 can create an environment where some people come to collect.

Which still means that prices a ways to fall, and it'll be interesting if there is a point where the project gets abandoned or if it just lives on at much lower scale.

If it gets abandoned, what becomes of the contract they signed with the NBA? I would have to think at least they fulfill that.

[ninjacookies]

Originally Posted by tjforce

I'm still in the camp of burnings + the ability to buy common moments for sub-$1 can create an environment where some people come to collect.

Which still means that prices a ways to fall, and it'll be interesting if there is a point where the project gets abandoned or if it just lives on at much lower scale.

I don't think there's enough true collectors of gifs for that to ever happen. I think now we're starting to see a true reflection of the demand for this stuff when value is placed aside.

From the outset, these were just specially rebadged Blockchain cards.

[rifleman69]

Originally Posted by BBases31

You may not like it but they are completely immune to whatever happens to the rest of the NFT market. During the biggest NFT collapse ever earlier this year the Sorare market went up

The NFT market isn't the market you should be worried about.

[rifleman69]

Originally Posted by hobbytime

If it gets abandoned, what becomes of the contract they signed with the NBA? I would have to think at least they fulfill that.

They probably get paid every year, so if they decide to stop early...there's nothing that the NBA can do about it.

[Brobocop]

Originally Posted by tjforce

I'm still in the camp of burnings + the ability to buy common moments for sub-$1 can create an environment where some people come to collect.

Which still means that prices a ways to fall, and it'll be interesting if there is a point where the project gets abandoned or if it just lives on at much lower scale.

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[colbycolbycolby]

Originally Posted by Brobocop

God I really wish some of the people who dumped on the Top Shot bears were still around. Some of the vitriol that was spewed was pretty crazy.

Bro, I was proud to serve with you and Rifle. I wanna revisit my bear highlights. Would love to see yours too.

Originally Posted by colbycolbycolby

This whole thing is gonna go down in a blaze of glory and I can't wait.

Originally Posted by colbycolbycolby

It's called economics. The supply goes up, but the demand doesn't. Bitcoin is finite. Even Prizm base is finite. But TopShots is a weekly dump. And for how long? Every week? Every month? Every year? If you think the print run on Hoops or Prizm is crazy, start calculating how many gifs are already out there.

Originally Posted by colbycolbycolby

I actually think NBA Top Shots will be HUGE for physical cards when it all inevitably comes crashing down. Bitcoin is finite, gold and silver is finite, Lebron/Jordan RC are finite. A weekly release of new gifs is akin to the US Dollar printing press. This is blockchain, yes. But it's not real scarcity. This is doomed if tens of thousands of gifs are released to the public each week. When supply goes up, demand goes down.

Whales are scooping up Lebron TC like candy- not this carp. Whales have money because they can see through scams like this. They didn't get rich by doing what everybody else did. The majority of people pumping this on Blowout have had an account less than a year. They were late to the card game, can't afford blue chips, so they see this as their way to get rich. And it ain't gonna happen. I feel bad for them.

These aren't cards. These are future bad decisions. And as such, they don't belong on the basketball card forum.

Originally Posted by colbycolbycolby

Imagine Panini or Topps getting a five percent cut every time a card changed hands in public- even twenty years after its release. That's what you are trying to empower; Not only a company essentially owning five percent of your assets, but a company telling you how and where you can sell it. It's like the government taxing your taxes. Just layers and layers of skim. What a fun, futuristic style of (non) private property.

Originally Posted by colbycolbycolby

Financial investment, flipper boi, sneakerhead gainz $$$$ BS. Just money, money, money. Nothing about love of collecting. No heart. Comparing NFTs to tangible, finite assets like cards doesn't work. I'm not saying the card hobby isn't influenced by money because now it is. I'm considering future value now more than ever when buying cardboard. But it arrived to this point on the backs of people who love sports and love collecting.

I'm glad you got yours (and sorry for the losers), but this stuff was DOA as a long-term challenger to cards.

Originally Posted by colbycolbycolby

This stuff is such a joke now. Tickets, and team bonuses, and collector scores, and quests, and who knows what else. Just more and more levels of carp to keep the whales from realizing there investment is toast. Lol. This stuff was DOA but seeing people cling to anything is awesome as a day 1 skeptic.

[ThatGuyPal]

Whoever invested in Top Shot was smoking some Top Pot for sure

[Paderborn1907]

Originally Posted by ninjacookies

Bro. Fanatics rumor? Isn't that like a few years out?

Honestly I'm scared about what the NFT market is going to look like a few weeks from now.

Nah I‘m sure something will happen soon, not sure if Fanatics still have the funds to takeover PA, but some sort of co-operation/licensing agreement will happen.

…. not the first time that the Fanatics collectibles URL was seen on Panini sites

https://twitter.com/sportscardradio/...F0pNdnKpWDnPRg

[rifleman69]

Originally Posted by colbycolbycolby

Bro, I was proud to serve with you and Rifle. I wanna revisit my bear highlights. Would love to see yours too.

lol, it would take weeks to get all of mine in order. But we called it, and the pumpers have moved on with their tails between their legs.

[Brobocop]

Originally Posted by val47

TS is not going anywhere and the only place is going is up, the fact that they are doing so much during beta, makes me think that they have a ton of ideas and they just trying to see what works and what doesn't.

Like with all novelty prices will skyrocket and once the hype has passed it will come down (good luck to all that rode the wave and made some cash) now the real game begins and the cool aspect of TS will be in display on the next year or so.

BUY and HOLD!

4/9/21

Ouch

[alphaomegas]

top shot still around biggest scam and fraud in history besides cypto currencies where anyone can make fake coins

I got all the top shots gifs as screen video them lol
Digital cards what a joke

[yiguiri2002]

Guys, come on, just wait until they are no longer in Beta at least

[yiguiri2002]

Originally Posted by ninjacookies

I don't think much is moving, period. Even fairly low numbered superstar stuff is having a hard time getting any action. It seriously feels like a ghost town now.

Check out the sales history of any card. I'm serious. The liquidity is basically nil.

Originally Posted by ninjacookies

I don't think there's enough true collectors of gifs for that to ever happen. I think now we're starting to see a true reflection of the demand for this stuff when value is placed aside.

From the outset, these were just specially rebadged Blockchain cards.

It's because what you said ninja, there aren't enough collectors. But that's fine.

If anything, Panini at least has tried to fix some fundamental issues with the platform. It's improved way more than TS in the last 6 months. I'm a small fish but at this point I think I have more NFTs in Panini than in TS.

I do it all to collect specially since it's cheap. But there are a few things that Panini can do to improve the experience overall:

- Cheaper packs (10 bucks is way too much for most of them)
- Bulk offers (some cards aren't moving at $1. Allow users to send offers for a bunch of them and people will move them under that)
- Multi-platform search (when searching by team/player, I have to do it on Gallery, Auctions and Crypto Market)

[hobbytime]

Anyone else seeing there collections losing a ton of value lately? I've seen people lose so much money right now, as collection values are down across the platform.

[boxbuster7]

Originally Posted by yiguiri2002

It's because what you said ninja, there aren't enough collectors. But that's fine.

If anything, Panini at least has tried to fix some fundamental issues with the platform. It's improved way more than TS in the last 6 months. I'm a small fish but at this point I think I have more NFTs in Panini than in TS.

I do it all to collect specially since it's cheap. But there are a few things that Panini can do to improve the experience overall:

- Cheaper packs (10 bucks is way too much for most of them)
- Bulk offers (some cards aren't moving at $1. Allow users to send offers for a bunch of them and people will move them under that)
- Multi-platform search (when searching by team/player, I have to do it on Gallery, Auctions and Crypto Market)

I'll agree that while panini isn't perfect and has oversupplied, They have leapfrogged any dapper product imo. Not saying I have total confidence in them, but they have a great product. Terrible vision, but a great product.

Nobody a year ago thought panini would introduce pack sales before dapper.

[Brobocop]

Originally Posted by hobbytime

Anyone else seeing there collections losing a ton of value lately? I've seen people lose so much money right now, as collection values are down across the platform.

Top Shot whales are leaving and cashing out. The platform is dying fast. Wouldn’t be shocked if it’s dead by the end of the season.


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