Topshot NBA collectible NFT - I made a huge mistake

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Hi everyone,

This is a follow up post to my two earlier posts
Post one
Post two

Let me start with the mistake that I made:

I sold a base moment series two, a 3 pointer from Steph Curry for 120$ exactly a week ago on NBA Topshot and I was over the moon with the sale. Now, it is being sold for 1169$... And you might think, yeah that's a one time thing, that is one of those rare gems that only the happy few will buy. Well, you could not be more off, I said it in my last post, the marketplace is going crazy, that was an understatement, the market is just off to the moon and even way past it. This moment has been sold over 10 times in the last two hours ranging from 1000$ to 1250$ depending on the serial!!

While I am writing this article the minimum asking price already went up from 1169$ to 1195$.

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From now on I am going to treat my 8 individual moments (all base set series 1 and one cool cat series 2) that I still own as separate 'coins'. Yes, that is how fast these cards are moving and for now, the only way they are moving is up! I will write an update every couple of days to see how these moments are priced and if the bubble will burst.

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Because this crypto collectible NFT game is so hot, there are many tools that have developed for keeping track of your accounts value, the marketplace etc.

My account value

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I have already sold some moments for a total of 175$, plus the 2056$ at current lowest market sale price puts it at 2231$. Remember I invested 24$ by buying packs.

I don't know enough personally about the NBA itself, so I am not actively participating in selling and buying moments, even though maybe I should, because everything is going up, even the latest editions. I feel most comfortable buying a 9$ pack, if I manage to get my hands on it and that is super tricky, because each time a pack is released, it sells out in seconds.

This is a project that is insanely bullish, one of the biggest indicators for me is how active the discord is, there are thousands of people chatting and mainly about buying and selling. I have seen accounts with over 50k in profits, starting out with only a couple of 100 dollars.

I think this is the epitome of the current bull market.

Get into NBA Topshot

Disclaimer: This is not financial advice, only for documenting purposes

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7 comments
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I stayed out of this offer because I don't follow the sportsball. I should have realized that plenty of other people do and it would be hot.

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Yeah, I also do not follow the NBA, but there are some crazy fans out there with real USD and this is backed and being talked about by their idols. Besides that is what they did quite smart. They take 'moments' that have a historic value in the NBA and put them on the blockchain so people can actually own a piece of history. This is like real life basketball cards 3.0. You can show your serial one of Lebron James off to the rest of the world online and even earn special moments if you have the right set of moments, not short but brilliant is this imho. This is also getting a huge amount of attention and has a big potential of getting crypto through to the masses.

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This thing is completely insane! Made the same mistake Neal did, I just don't care for basketball at all. If this was football I probably would have been in right away.

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Yeah, I know, I replied to him though, what about Splinterlands, when were you ever into a flesh golem before the game. Fair point he said ;)

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Wow! This is crazy! What awesome prices though! That is so uncool you missed out on that 1K extra! Your posts are nice! You should do a Splinterlands post sometime. :-)

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Thanks clove, I wrote quite a few Splinterlands posts in the past, but I kind of became discouraged because of the Steem/Hive thing and the few interactions I got out of them, for a long time I wanted to do an in depth strategy series about splinterlands, maybe if I find the time and the game picks up some 'steam' again I will. I do find that Leofinance makes a lot of sense, crypto people talking about crypto stuff :) and it is exciting to be at the start of something like NBA topshot. I am in the process of writing a follow up as we speak.

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You make great posts! I will keep my eye out!

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