05-23-2021, 04:26 PM
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Sco.tt Mar.cus
Member
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Join Date: Feb 2015
Location: Norfolk, VA
Posts: 1,793
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Quote:
Originally Posted by swarmee
Well, the easy money gravy train has come to a screeching halt for the TopShot program. When people could finally cash out, and a whole bunch of new blood came on site looking for the easy money, it caused "moments" to be overprinted heavily to meet the demand for packs. Single commons are now widely available for $2 each, even though they announced an interesting fact. Many of the original moments from first season (much lower print runs like 4K instead of the 40K now being made) were never sold in packs and are being stockpiled by the company. You will have the option this summer to redeem some number of moments to enter a lottery to buy packs from the original season. So you would think that singles would retain some value, but with the crypto industry taking a 50% haircut this week (#thanksElonMusk) the race to the bottom is in full force.
Good luck to those who bought moments for tens or hundreds of thousands each... as always, only gamble what you can afford to lose.
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"Only when the tide goes out do you discover who has been swimming naked."
-Warren Buffett
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Signed 1953 Topps set: 264/274 (96.35 %)
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