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  #1  
Old 03-11-2021, 11:31 AM
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Exhibitman Exhibitman is offline
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Lemme see if I get this right: You sign up for this thing and you pay some money for a randomly assigned bit of data. The data is revealed and you see what you got. You then cash it out by selling it to another gambler.

Sounds like a slot machine with an extra step between you and the cash-out.
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Last edited by Exhibitman; 03-11-2021 at 11:32 AM.
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  #2  
Old 03-11-2021, 11:47 AM
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FrozenInferno FrozenInferno is offline
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Has anyone been able to cash out significant sums of profit yet or is everybody just playing with monopoly money still?

I think once serious money can actually be taken out of the platform easily a lot of this will crash. Right now it seems to me its a lot of people just flipping imaginary digital items for imaginary digital cash while they're waiting to actually withdraw it.

I'm a tech savvy person and I understand how stuff like this works but I don't see the point of it. Other than to make seemingly easy money, which I'm sure the huge majority of people are in it for, but again none of this is real until you can put it in your bank account.
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  #3  
Old 03-11-2021, 08:19 PM
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Some people are able to cash out, and are withdrawing some. Some are letting most ride since they still think they're in the early adopter stage.
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  #4  
Old 05-23-2021, 04:49 PM
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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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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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  #5  
Old 05-23-2021, 05:26 PM
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egri egri is offline
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Quote:
Originally Posted by swarmee View Post
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.
"Only when the tide goes out do you discover who has been swimming naked."

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  #6  
Old 05-23-2021, 06:40 PM
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I'm so happy I sold my Lamelo Ball Rising stars card that I pulled in a pack for 4700 in march when everyone was saying to hold onto it. It goes for 800 now.
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