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Discussion in 'The Mainboard' started by Lipp, Feb 18, 2021.
Things must be getting serous. Your first post without rolling smileys.
What’s your TS name, my dude?
Keeping it simple between platforms.
Sanjuro that's.... quite a collection you have
I will be the first to say that I got lucky. I had about $5K from crypto sales in it until Sunday of last week. I halfway was kidding around with my girlfriend that morning about investing in this (fully expecting to get thrown out of the house) but she just gave me $15K from her savings to put in and buy for long term holds. So every morning, I put the max credit card transfer in ($4K) and gobbled up as many series 1 golds as I could that were undervalued compared to other players. I was thinking that this would be the trajectory over a couple of years, not a few days.
You will see larger pack drops in the coming future..with moments serials out of 50k/100k etc. This will allow new users to get in on cheap buys/sells etc.
I would imagine that is the biggest conversation going on at Dapper right now, and it's going to be really tough to figure out. I am sure that this explosion in value was not in the playbook. It's going to be tough to balance the market in a way that allows for new entrants to buy up commons on the cheap while holding the value of rarer cards.
I am sure the situation that they're in, in which every single card is currently going for at least 3x what a pack costs, was not in their original plans.
Good point and probably what will happen - The cheapest moments on the site currently is $24 so not exactly a great buyers market rn
Yeah, it’s hard to speculate on what they thought would happen, but I think this has to be on the most optimistic end. I’m bullish that they have a long term plan given the level of potential this space has. The partnership with the NBA is the biggest thing that gives them any sort of validity, in my opinion. I also think they’re fine letting the market go right now while they figure out how to make drops larger/more accessible. People groaned about issues with queues/extra packs being sniped through loopholes in the last 3-4 weeks which have been basically fixed. With regard to the pack cost, I think we’ll see that go up almost guaranteed. Or more rare editions/packs added for increased cost. That’s when you’ll see S2 moments dip as people sell off to buy holos etc.
How do you view someone else’s collection?
you can search by username or use evaluate.market
They never expected this for sure especially before any real advertising or marketing. They have made tremendous strides in the interface in the last month which is important for ramping upward. They did more than 20% of their all-time sales in the last 24 hours and I didn’t notice the market being down.
Agree with all of that.
Alan from Dapper on TS discord said they still aren’t planning to have a mass marketing campaign or anything like that until AFTER 2021. That could definitely change I imagine but that seems wild to me.
They probably have too many kinks to iron out before a mass marketing campaign. I think the organic marketing through existing NBA players is sufficient for now. If they run a commercial during the NBA finals, it's going to cause more problems than it does good.
Yep, they’re not ready to scale to that level quite yet. They are already international but I don’t believe China and some EU countries can even purchase yet (France).
What will be really nuts is when they expand into NFL and UFC.
Imagine what this will be with Pokemon cards
couple years from now it sounds like everyone will be talking about their PBA bowling clips
Under the collection tab on nbatopshot.com, there's a My Moments link
this but unironically
I also read they won't be giving out tax forms which is interesting
I have no idea how this will work for taxes. I was expecting to just weigh outgoing amount from account to bank (or crypto) versus $$ put in. Would this not be the way? I surely hope that it not based on every trade within the platform.
Buddy just texted me this.
If it's cyrpto I think it's taxed like capital gains? That's what a quick Google search says but I'm not an accountant
Im here to lose money anyway
Business is a boomin.
First reply is a guy trying to sell him his #1 for a mill. Lol.
He’s doing it for the wrong reasons smh
Feel like shit kind of plateaued today in terms of value.
Pack drop in 10 minutes
I spent much more than I expected to today, which was problematic because a lot of it was on a S1 that I forgot I already had multiples of so it’s not my fault
Good luck with the Drop. #1 LeBron available in one of the packs.
The stock market works based on every trade, why would this be different?
God damn I take a shower for 15 minutes and miss a drop. That rayvin.io service didn't send me anything either.
It's not up yet.
Edit: And now it's cancelled
Because it isn’t the same as stocks. Those are financial instruments that have strict laws and reporting. NFTs are expected to pay gains on but that is easier said than done for the IRS.