NBA Top Shot - High Risk, High Reward?

[hauntedcomputer]

Originally Posted by Jamesebee

We're probably not too far away from the NBA softly suggesting to players that, hey, a casual mention of "TopShot baby!" with varying degrees of excitement/profanity are destined for greatness on the platform in the future.

If the NBA came to me and said "These Dapper folks are going to pay you $X to say 'TopShot baby!' with your next garbage can 3-pointer or spin move"... are you kidding? Easy money!

Trying to figure out how Giannis is going to steal these.

[rifleman69]

Originally Posted by grade

Great thing about TS, anyone can actually try it for the price of 2 happy meals. . How can anyone take you guys serious worrying about a few bucks? Before my first post in this thread, there was a bunch of hating to the OP. If you have a strong mind and will, you can make a independent decision going against the flow and say something. Would hate to see a person in trouble needing help if you guys are around. So weak, it is ridiculous.

Why wouldn't you just go to your local 7-11 and buy some lottery tickets? Oh that's right, because there's the possibility of you actually being PAID if you won if you bought lottery tickets.

[rifleman69]

Originally Posted by Howie7107

You know, I’m not going to read all of this non-sense because both sides our kind of out of touch, but the anti-TS side of this just wreaks of sour grapes. Why do you care so much that people probably made money on this? Obviously we’ll see if it becomes accessible in the coming weeks, but I think it’s a fairly safe bet at this point. And hey, even if it’s not, you know that’s cool but it certainly doesn’t do much for you by any means other than get you a big, worthless “I told you so.”

Because no one has made money on this?

[Howie7107]

Originally Posted by rifleman69

Because no one has made money on this?

That's just absolutely and unequivocally false. Plenty of people have successfully withdrawn. I haven't personally, nor do I think it's 100% that I will ever be able to. However, to say "no one has made money on this" is just a lie. If you're going to bash something at least know what you're talking about.

[rifleman69]

Originally Posted by Howie7107

That's just absolutely and unequivocally false. Plenty of people have successfully withdrawn. I haven't personally, nor do I think it's 100% that I will ever be able to. However, to say "no one has made money on this" is just a lie. If you're going to bash something at least know what you're talking about.

You sure plenty of people have withdrawn? And that they're "real people" and not insiders from Dapper? Think about it.

[Orangejello727]

Originally Posted by Howie7107

That's just absolutely and unequivocally false. Plenty of people have successfully withdrawn. I haven't personally, nor do I think it's 100% that I will ever be able to. However, to say "no one has made money on this" is just a lie. If you're going to bash something at least know what you're talking about.

Has a member from this forum been able to successfully withdraw funds yet? At least in a non crypto method? I would trust that the withdrawal works from someone who actually has done it on here more so than someone off that discord.

[jcardstore]

Ok, so TopShot isn't going to steal anyones money. They simply don't have enough liquid assets to cover a mass withdrawal and they want to keep that money in the market as long as possible

[rifleman69]

Originally Posted by jcardstore

Ok, so TopShot isn't going to steal anyones money. They simply don't have enough liquid assets to cover a mass withdrawal and they want to keep that money in the market as long as possible

BINGO! As long as crypto continues to move upward, they can prop up this sham longer.

[rifleman69]

Originally Posted by Orangejello727

Has a member from this forum been able to successfully withdraw funds yet? At least in a non crypto method? I would trust that the withdrawal works from someone who actually has done it on here more so than someone off that discord.

Two "new" people from Dec/Jan have said they have withdrawn....draw your own conclusions.

If Archangel withdraws, then we have something.

[colbycolbycolby]

I'm still waiting on an answer as to why the site's community feed hasn't been updated in 5 days- since the cash grab.

[yiguiri2002]

Question for everyone on both sides:

If they are able to implement a cash out system within a few months, say, $100 or 20% fee, max 1k per withdrawal, only 1 withdrawal per week. Could this be something that allows them to continue? Or do you think that won't be enough?

And as a user, will you be OK with something like that? Would you choose to cash out or just keep your funds there?

[jcardstore]

The problem with NFTs and similarly early ICOs is that they have such explosive growth based solely on hype that they can't possibly pay out everyone who wants the money(and doesn't care about the underlying product). They have to just sustain long enough for the market to even itself out and they pocket the cash.

[Vinny1984]

Originally Posted by yiguiri2002

Question for everyone on both sides:

If they are able to implement a cash out system within a few months, say, $100 or 20% fee, max 1k per withdrawal, only 1 withdrawal per week. Could this be something that allows them to continue? Or do you think that won't be enough?

And as a user, will you be OK with something like that? Would you choose to cash out or just keep your funds there?

I would prefer this method since I’m actually interested in the project. But the fact is that this would kill it. The majority of users are in it to open a pack and cash out one big lump sum and not to build a “portfolio”. They need to get more people to interact with the marketplace. Only way this is possible is by building trust and they don’t have a ton of that right now.

Edit: and 20% fee is really aggressive when they already take 5% of every market transaction but I get your point.

[jcardstore]

Originally Posted by Vinny1984

I would prefer this method since I’m actually interested in the project. But the fact is that this would kill it. The majority of users are in it to open a pack and cash out one big lump sum and not to build a “portfolio”. They need to get more people to interact with the marketplace. Only way this is possible is by building trust and they don’t have a ton of that right now.

Bingo.

I will be a user once the craziness dies down. I like the concept, but I'm not going to overpay right now and I'm not even remotely interested in it as an investment of any kind

[Kobe101]

Originally Posted by jcardstore

Ok, so TopShot isn't going to steal anyones money. They simply don't have enough liquid assets to cover a mass withdrawal and they want to keep that money in the market as long as possible

If all of these users are seeing huge increases in their value doesn't that mean that tons of people are depositing money? For everyone that is up X% someone else has to be down X%.

So with all this money coming in isn't it concerning that most people aren't able to cash out?

It makes me think the creators are inserting "play currency" to increase the values (and their commissions).

I am not trying to crap on it just curious why people think they aren't allowing withdrawals.

[Zacy87]

Originally Posted by Kobe101

If all of these users are seeing huge increases in their value doesn't that mean that tons of people are depositing money? For everyone that is up X% someone else has to be down X%.

So with all this money coming in isn't it concerning that most people aren't able to cash out?

It makes me think the creators are inserting "play currency" to increase the values (and their commissions).

I am not trying to crap on it just curious why people think they aren't allowing withdrawals.

That's been the issue this whole time.

Thousands of new users depositing should equate to a lot of cash flow into TS.

Where is all this cash? Why are 95% of users still unable to withdraw? Why are you creating a platform that wasn't able to scale.

On top of that, they released packs for $1000. Where is all of that cash now?

[Kobe101]

Originally Posted by Zacy87

That's been the issue this whole time.

Thousands of new users depositing should equate to a lot of cash flow into TS.

Where is all this cash? Why are 95% of users still unable to withdraw? Why are you creating a platform that wasn't able to scale.

On top of that, they released packs for $1000. Where is all of that cash now?

Thank you for confirming. I thought maybe I was missing something but yeah that doesn't seem right.

[Zacy87]

Originally Posted by Kobe101

Thank you for confirming. I thought maybe I was missing something but yeah that doesn't seem right.

Nope, you're 100% correct

[rifleman69]

Originally Posted by yiguiri2002

Question for everyone on both sides:

If they are able to implement a cash out system within a few months, say, $100 or 20% fee, max 1k per withdrawal, only 1 withdrawal per week. Could this be something that allows them to continue? Or do you think that won't be enough?

And as a user, will you be OK with something like that? Would you choose to cash out or just keep your funds there?

20% fee? Since they're getting a cut of every transaction, as well as 20% or whatever to cash out....do you not see the problem here? The only one who wins here is Dapper (and the NBA).

[clipperboy24]

Originally Posted by Howie7107

That's just absolutely and unequivocally false. Plenty of people have successfully withdrawn. I haven't personally, nor do I think it's 100% that I will ever be able to. However, to say "no one has made money on this" is just a lie. If you're going to bash something at least know what you're talking about.

Oh someone is making money and withdrawing and that someone is the executive management team of Top Shot!

[jcardstore]

Dappers 5% cut on every buy and sell is generating them a boatload of cash right now.

[Jamesebee]

Originally Posted by jcardstore

Dappers 5% cut on every buy and sell is generating them a boatload of cash right now.

.2 cents, man.
Ryan or Andy might be behind this.

[BaseGravenberch]

Originally Posted by Vinny1984

I’ve been very critical of the team behind this and for good reason. To be fair, their website has gotten infinitely better. Really no 24/7 bugs anymore. Pack drops seem to be going in the right direction. BUT that $1k pack drop (that they clearly didn’t have a solid plan for) was a blatant money grab. That turned a lot of people off.

I don't really agree on the legendary pack being a money grab. The average ROI on it was ~3k. Obviously people got their moneys worth out of these packs. At the old price that would've been a guaranteed 14x on your money. Which doesn't sound 'reasonable' or healthy to me.

I personally have a lot of confidence in the team, while they've obviously made mistakes and I think the way the legendary pack drop happened was a massive #@#@#@#@ up, but at least people didn't get more then one pack.

[rifleman69]

Originally Posted by BaseGravenberch

I don't really agree on the legendary pack being a money grab. The average ROI on it was ~3k. Obviously people got their moneys worth out of these packs. At the old price that would've been a guaranteed 14x on your money. Which doesn't sound 'reasonable' or healthy to me.

I personally have a lot of confidence in the team, while they've obviously made mistakes and I think the way the legendary pack drop happened was a massive #@#@#@#@ up, but at least people didn't get more then one pack.

so they fixed that multiple pack buying issue? Didn't someone post discord screen grabs that people bought multiple? If they did fix that problem, that's a step in the right direction.

[Vinny1984]

Originally Posted by BaseGravenberch

I don't really agree on the legendary pack being a money grab. The average ROI on it was ~3k. Obviously people got their moneys worth out of these packs. At the old price that would've been a guaranteed 14x on your money. Which doesn't sound 'reasonable' or healthy to me.

I personally have a lot of confidence in the team, while they've obviously made mistakes and I think the way the legendary pack drop happened was a massive #@#@#@#@ up, but at least people didn't get more then one pack.

I was lucky enough to get a pack. I sold the contents for ~$3k profit. That’s not the point I’m making. They made $2.5 million on a drop they knew they were not prepared for. It’s fine doing that for base packs but when that happens with a $1k drop, a lot of customers get turned off.