NBA Top Shot - High Risk, High Reward?

[rysportguy]

Originally Posted by rysportguy

I've said it before but to me the AD Cool Cats challenge is equivalent to GME. It is trading at a value that makes no sense to the value it will actually bring. Only 3,500 people can complete the master challenge. About 7k people are going to be holding AD and 10k are going to be holding all of the other 2nd challenge Cool Cats. The supply is going to overwhelm the demand. I think people are going to get killed on that challenge. Until the challenge ends though sure I can see it keep climbing because people just like completing challenges.

Originally Posted by rysportguy

I am not sure how you can have a moment /25,000+ from a non star player go for more than $5. I don't really see a problem with it. I think we are going to end up in a world where the non stars don't carry much value. People will still speculate and try to flip them but I think in general new moments from non stars or rookies will sit in the $5-10 range.

Originally Posted by rysportguy

For anyone holding a bunch of /35,000 moments be prepared for those to all go down pretty significantly over the next week. There are going to be tons of those dumped onto the market.

Originally Posted by rysportguy

If you are talking about the Anthony Davis ones. I don't think they will climb much. You only need those if you want to complete the master challenge and only 3500 can do that. So the supply of 10k is way higher than the max demand of 3.5k.

Originally Posted by rysportguy

One worrying thing I have seen is that throughout all of this the market cap for all moments has been going down quite a bit.

This suggests that instead of new money coming in people are really just shifting money from S1 and S2 moments into these challenges. If new money doesn't come into this we are in some trouble.

Does this sound like a pumper? Lol

[thenightman]

It's all over. Last one in, please remember to shut of the lights on your way out.

[Archangel1775]

I'm holding thru Covid-25...then I might let go

[omega145]

Stop engaging with the troll. Continued negativity without some constructive criticism doesn't get anyone anywhere. Let him say "get off my lawn" to himself.

[montej1695]

Honestly, I was against it primarily bc I didnt understand it. Im starting to think that this is something I can get involved with my kids, they may enjoy the concept.

My only question is I see hundreds of posts about investing into this technology, there is a sh*tload of money going in... I wanna know whos taking $ out and realizing profits?

Is it liquid? I dont want to put a $1 in if I know I have to jump through hoops to get it out

[Archangel1775]

In other news, the majority of the Seeing Stars have settled to around $195. Lowest is Vucevic....shoulda, woulda,coulda

Any news on future pack drops aside from the pre-orders?

[Eckstein197]

Originally Posted by montej1695

Honestly, I was against it primarily bc I didnt understand it. Im starting to think that this is something I can get involved with my kids, they may enjoy the concept.

My only question is I see hundreds of posts about investing into this technology, there is a sh*tload of money going in... I wanna know whos taking $ out and realizing profits?

Is it liquid? I dont want to put a $1 in if I know I have to jump through hoops to get it out

I am able to withdraw, did KYC February 20th-22nd around there and just got the notification that I am eligible to withdraw. I sold a few moments last night and if I wanted to, could sell my AD SS which would give me enough dapper to withdraw and cash out my initial investment and be plenty in the green.

I don't plan to cash out anything soon though because I think I can grow what I have right now and I wouldn't want to hamstring potential growth just so I can say "I'm good to go right now"

[rysportguy]

Originally Posted by montej1695

Honestly, I was against it primarily bc I didnt understand it. Im starting to think that this is something I can get involved with my kids, they may enjoy the concept.

My only question is I see hundreds of posts about investing into this technology, there is a sh*tload of money going in... I wanna know whos taking $ out and realizing profits?

Is it liquid? I dont want to put a $1 in if I know I have to jump through hoops to get it out

Withdraw process is definitely the biggest headache right now. You need to do a KYC which basically involved taking a picture of your ID and then a picture of your face and their software makes sure they match. That only takes a few minutes but then you need to wait about 30 days until you actually have the ability to withdraw.

[montej1695]

Well I cant even sign up, temporarily closed.

[val47]

I'm reposting this from a different thread for those who are lurkers and have questions or don't really see the potential for this new thing:




Let’s think star wars trader by Topps, if you don’t know is virtual card collectible game done by Topps of cards from the star wars Universe, very popular game but just that a game with some value on the rare cards but just a game where people trade cards back and forth and try to complete sets and collections (challenge) but nothing more than just that a trade card game. Now let’s imagine that Topps creates a blockchain token, like a coin with an individual value (flow) and they make a Yoda Star Wars card, in reality they haven’t created a card they just mined a token but they are giving that token a visual form in this case a Yoda card (Lebron Dunk)
So now you have one individual card, completely unique intransferible to anyone but you and on top of that Topps give you a place to display it (dapper wallet) and on top of that Topps gives you a platform (marketplace) so you can list your card and put a real money value to your precious card, so now you have created something of value out of a bunch of numbers ( crypto)

In reality Topps is not doing this with Star Wars. TopShot is with the NBA but just imagine the possibilities when we all asimílate this as a normal thing.

[montej1695]

Originally Posted by Eckstein197

I am able to withdraw, did KYC February 20th-22nd around there and just got the notification that I am eligible to withdraw. I sold a few moments last night and if I wanted to, could sell my AD SS which would give me enough dapper to withdraw and cash out my initial investment and be plenty in the green.

I don't plan to cash out anything soon though because I think I can grow what I have right now and I wouldn't want to hamstring potential growth just so I can say "I'm good to go right now"

Originally Posted by rysportguy

Withdraw process is definitely the biggest headache right now. You need to do a KYC which basically involved taking a picture of your ID and then a picture of your face and their software makes sure they match. That only takes a few minutes but then you need to wait about 30 days until you actually have the ability to withdraw.

OK both makes sense, similar to what you need to for a binance/coinbase account.

Appreciate the info!

[Chris P]

Originally Posted by Eckstein197

It does feel like you're moving the goal posts. NFTs are becoming popular. Steve Aoki did it with his music, Gronk is doing it with his super bowl highlights, artists are doing it, etc. Topshot is going to be doing 1/1s soon they're already minted and they'll be going to auction.

Why keep fighting against something you hate? If you don't like it or understand it, why must you waste time trashing it consistently. It feels like you waste a ton of time on this thread complaining about top shot. If you don't like it, why do you keep coming back? If you think someone is going to read all your posts and change their mind about top shot because of your posts, I'm sorry to break this to you, but no one is going to do that. No one singular person is powerful enough to change someone's mind if they're decided one way or another.

You've expressed your concerns, others have expressed the benefits.

Do you come back for the attention? Do you hate new things in general? Have you taken the time to learn about the product? Why is it that you spend so much energy and time hating on something, and it's not going to change someone's mind.

Because he knows how much it bothers people and for some reason he gets a kick out of it. It makes his day or whatever. The second he gets someone to respond like you just did..."he got em" and he pats himself on the back or something.

[gowizards0]

srry if this has been answered, but when are the Pre order Series 2 packs supposed to be delivered?

Only pack i was able to get, and I've been waiting patiently lol

[n1nesports]

It's been an odd ride with topshot, so many older moments are losing value, well most things have across the board. Some stuff has lost about half its value from a month ago, ouch! When I thought a lot of it had to do with player performance/history I'm proven wrong by the marketplace. Makes me wonder what series 1 moments will look like down the road.

[n1nesports]

Originally Posted by gowizards0

srry if this has been answered, but when are the Pre order Series 2 packs supposed to be delivered?

Only pack i was able to get, and I've been waiting patiently lol

I believe they said Sunday evening.

[rysportguy]

Originally Posted by gowizards0

srry if this has been answered, but when are the Pre order Series 2 packs supposed to be delivered?

Only pack i was able to get, and I've been waiting patiently lol

By Sunday the latest is what has been said.

[gowizards0]

sweet thx guys

[Chris P]

Originally Posted by rifleman69

Just doing the good duty of opening up people's eyes and make them see exactly what this is. There are no goalposts being moved, in fact they've been in storage for the past three months as there's no "game" being played on this very field.

BTW, when and if TopShot does these 1/1's, what do you think the value of the /15000 and /35000's go to? Yep, low single digits. Think about it.

Also this is bs...your MO isn't to help anyone. I seriously doubt you care about helping people. You post in here bc you wanna be the i told ya so guy..bc being right about something on BO message board apparantly comes with some kind of prize. You hate Top Shot...you think the people who like TS are dumb..and you wanna it to bomb and fail bc you dont believe in it and heaven forbid you be wrong about something..you dont give a crap about who loses what (which by most posters here isnt much at all..the cost of a pack if it fails)..and certainly not about "helping". You wanna be in here and laugh at everyone who didn't share your opinion.

[mcgee2134]

Originally Posted by rysportguy

Withdraw process is definitely the biggest headache right now. You need to do a KYC which basically involved taking a picture of your ID and then a picture of your face and their software makes sure they match. That only takes a few minutes but then you need to wait about 30 days until you actually have the ability to withdraw.

How does this not scare the #@#@#@#@ out of you guys!?!

[hoopstaj]

CNBC with multiple MFT segments this moment. Little Top Shot shoutout as well


Sent from my iPhone using Tapatalk

[rysportguy]

Originally Posted by mcgee2134

How does this not scare the #@#@#@#@ out of you guys!?!

It's pretty standard in the crypto world. They need to speed it up but more and more people are getting the ability to withdraw and I personally believe when they make withdraws much quicker and simpler that will actually lead to more money coming into Top Shots.

[Vinny1984]

Originally Posted by mcgee2134

How does this not scare the #@#@#@#@ out of you guys!?!

Because we use our tinfoil for baking. Not making hats.

My withdrawal process was completed last week. Along with multiple other BO members.

It’s not for everyone. If keeping your cash under your mattress helps you sleep, more power to you.

[Sikkcaden]

Originally Posted by n1nesports

It's been an odd ride with topshot, so many older moments are losing value, well most things have across the board. Some stuff has lost about half its value from a month ago, ouch! When I thought a lot of it had to do with player performance/history I'm proven wrong by the marketplace. Makes me wonder what series 1 moments will look like down the road.

So basically the basketball card mindset doesnt necessarily translate? Are the swings being dictated by Topshot aka the challenges or more of the cook groups?

[Eckstein197]

I will say S1 and S2 have lost a lot of value, but the challenges are just so big right now. People are just so focused on getting a limited AD or LeBron or the Edwards dunk.

But at the same time if those prices keep falling, I would not be surprised if some sharks came in and we see a big buying spree of those moments. Those are long term plays, challenges are short term plays

[rysportguy]

Originally Posted by Sikkcaden

So basically the basketball card mindset doesnt necessarily translate? Are the swings being dictated by Topshot aka the challenges or more of the cook groups?

I think there is just so much going on right now that it is hard to measure. I actually do see a rise in players based on performance. One of my favorite moments was the Kevin Porter Jr. Rookie moment. I only bought 2 but wish I had more. It is up about 30% since his debut yesterday.