NFTs (NBA TopShot & Animal Avatars) - Jupiter is Live

But the chances of getting those are small and it's not worth it to check all the time since drops are random

 

With a card, I gain physical possession of an item to the exclusion of all others. That’s like the inherent feature of collectibility. It’s incompatible with digital distribution (and the card industry has suffered greatly for it). The value isn’t in the ability to look at it or display it, it is in the exclusive ownership. Nothing exclusive is being conveyed here, other than possibly a serial number.

Also, the market for modern baseball cards is a pittance in comparison with the values being tossed around here. No one is paying 5 digits for any modern baseball card. The sole exception to that are the 1/1 superfactor cards, and if you’re asking me if paying $3.93 million for that is insane, I’d say yes.

 

I sold a 14000 sn javale McGee for $6 overnight. I think that’s an adequate baseline

 

Also withdrawal process is painstaking to say the least, especially in early beta. It's a queue based system and they are approving people for withdrawals at a slow clip, with KYC process of ID verification + current photo and physical address requirement. But once you're withdrawal-approved, sky's the limit gents

 

Exclusive possession of anything is exclusive possession, whether it’s digital or not. The difference here is these are limited to a set number and serialized. I can say definitively I own #1000 of 2134 officially licensed nba items (or similar)

I’m not sure you’re familiar with the sports collectibles market if you think people aren’t paying 5 figures for cards

 

yea, so the thrill of exponential money growth is what has you hooked. This is a really shitty combination of dogecoin, beanie babies, and wallstreetbets where a lot of people are going to lose a shit ton of money.

Good luck to those of you on TMB who are jumping in on this and hope you get out before the bubble bursts.

 

You can go to topshot and select a moment, right click, download the vid and save it for free. I heard that was possible but I just tried it and it works

 

I will be as ok with this as I am with the hundreds of dollars I spent as a kid on Lindsey Hunter rookie cards that have been in a closet in my moms house for 20 years, bubble or not

 

Yeah a lot of scams make it hard to one's money back. In fact they probably don't have it available for people to cash out. Like if everyone tried to get a wire transfer to cash out they wouldn't have cash to cover it even with charging a fee.

 

what the fuck is this shit

 

yeah but you don’t own a serial number

 

True, but if you didn't care about the value of it, and just wanted to collect highlights

 

i have youtube

 

You know the market is already in a bubble if Austin Rivers has a card that's "low price" is $300

 

I can google pictures of Michael Jordan’s rookie card too

 

i could save a youtube video, edit it, and sell it to someone if someone was dumb enough to buy it

 

I could do the same with the Michael jordan rookie card I just googled

 

Dibs on doing this with porn clips. I will be richer than Elon.

 

right. you are all in on a fad. What has me concerned most is that the process for getting money out seems difficult at best. I'm not here to argue with you on the merits of top shot v. regular cards. Who gives a shit. But if you can't see the massive red flags with a business that makes it very difficult to get your money out in the middle of exponential growth...

 

Why am I worried about taking money out? I’m here for the Jerami Grant dunks

 

I can’t speak for everyone, but I’ve spent a whopping $14. I have $155 in my dapper account or whatever from selling cards, next card pack I buy will come from the proceeds of precious card sales. If I never get my money out (which I think is unlikely given it’s direct attachment to the NBA and NBAPA), I’m out $14, it’s a hobby, just an easier to manage one than physical card ownership for me.

 

One thing they will need to fix is the challenges. You basically can't participate without dropping a couple thousand. I think the product just blew up more than they anticipated and the supply just isn't there.

 

This is what I'm doing

 

I don't get the Luka challenge going for like $3500 when it cost about $900 to complete. It would be cheaper to do the challenge

 

30+ days to get approved it what I heard. But fixing the site would be a start. It's down like 50% of the time

 

Right, you are in for $14. Seems like some other TMBers are in for much more. This is playing out exactly like the alt-coin rush from 2018. At first you could throw a dart and 5x your money, but the bubble popped and it all went to zero with the quickness.

 

of course the influencers are going to get approved quickly...

 

Sorry you lost your money

 

Team running this also did CryptoKitty if iirc

 

I don't think anyone is disagreeing here that the floor of this stuff is zero dollars. It's penny stocks or gambling at this point. I would not encourage you to liquidate your 401(k) or to expect to treat these things like T-Bills.

 

The gameplay is the least interesting part of the experience for some people so it's a really good idea

 

because legit coins like bitcoin, Ethereum, etc had value to it that even after a crash could be expected to grow again long term. Bitcoin after the crash of 2018 is now stronger than ever. The alt coins that people were buying $1k+ of for fractions of a cent never recovered.

If you think top shot is bitcoin and not one of those random ass alt coins, good luck...

I kept the vast amount of my investment in bitcoin/Ethereum, so I'm good.

 

Lot of peoples dismissing the inherent value of scarcity. It's dumb but not sure why some of you are pretending people won't pay for shit simply because there's a limited supply

 

What if top shot is the first digital collectible licensed by a major global sports league and it’s not bit coin or alt coin

*many top shot moments are currently valued above bitcoin

 

i paid my mortgage off with a bol bol highlight

 

these are the comments that scare me.

Good luck man. Hope it works out for you.

 

I don’t know why we’re discussing this like it’s a retirement portfolio.

 

I just spent $27 on a series 1 video of Tyus Jones passing the ball