NBA Topshot - Is is too late?
Hi everyone,
This is another follow up post in my NBA Topshot series, where I document my personal journey into this hype:
Post one
Post two
Post three
Post four
Because the demand is so high, they changed the way you can purchase a pack. This time they will drop 600k packs containing all new moments and if you want to get one, you have to get in a waiting line, reserve them and they will be delivered into your account in two weeks. At the moment the queue is closed, but most likely they will open it again soon. Yesterday, I was at spot 65k and I was able to reserve a pack. I know this sounds like a lot of hassle, but there is just too much demand. For the last series two base 5k packs drop there were 90k people in the waiting line and I did not manage to get a pack.
Thanks to this new reservation system I did get one.
Creating a new account these days is also temporarily not possible, again because of the huge demand. They will surely open it again soon.
So, are you too late to get into this?
Ofcourse it would have been better if you got in when the series one packs were available on the site and you could buy as many as you wanted back in December. However, saying this is not a good time to join, is saying it is never a good time to buy BTC anymore, because it ones was 40$ per BTC. This game is still in beta and if you follow the news, this is getting a lot of mainstream attention, so I would say it is still early and you should not hesitate to create an account and try to reserve a pack. They cost 9$ and the top moments in those packs are sold for thousands. When the next drop will happen, I am thinking some moments will probably be sold for under 10$, but since there are 3 moments in each pack, you would instantly get your investment back and most likely a lot more.
The next drop in two weeks will also be a good time to get into this if you don't manage to get a pack, because some people will be dumping their moments on the market quite cheap and since these are all new and limited moments I think they will all go up in price in the next months.
Tip of the day
They drop these new packs very randomly and it was quite hard for me to even be on time to get into the waiting line, but I just found about about a Twitter account that lets you know when the newest drops will happen, saves me a lot of time checking the NBA Topshot's discord ;)
https://twitter.com/TheFirstMint
Tracking my 'mistake' sell
I said I made a huge mistake selling a base moment series two, a 3 pointer from Steph Curry for 120$ on NBA Topshot. I am tracking it in every post to see what it is being sold for atm. In my last post is went for 775$, now we are at 815$. Yep, still a mistake ;)
My account value
My account value did move up a little bit from my last post and I expect it to rise in the next couple of weeks, because of the scarcity of the series one moments.
This project remains insanely bullish and it is definitely not too late to start.
Discord: https://discord.gg/zZPbGUx7
Disclaimer: This is not financial advice, only for documenting purposes
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta