there has to be a goal though, unless just clicking buttons.
I think they want a bigger differentiator between common/rare/legendary and hope this drives legendary higher. Right now a Lebron common sells for higher than some of the legendary cards.
In general trying to understand what TopShot want to happen can be really beneficial in predicting their moves in the future.
The marketplace reminds me of late 2017-early 2018 when the shitcoins markets has like 5% bid ask spreads on KuCoin and you could just sit there all day and make risk free money. Yes the swongs would sometimes wipe you out but when you are always beating the market by a large percentage that tends to override some of that.
I am really enjoying that part as well. More so than any of the rest of it. OPEN THE DAMN MARKETPLACE.
It certainly could go higher next. At some point I think attracting new money is going to get harder through a combination of bad new user experience, higher effective dollar cost of entry, some of the novelty wearing off, packs not being instant 5-10x auto ROI if you get one, more focus on the money not being available for withdrawal, and perhaps competing markets. How bubbles end always hard to predict, they can go a long time and can get more irrational. I think this market is particularly ill suited to an orderly sell off and likely gaps down the same way it gapped up.
Also you guys probably all know this from poker and gambling, but need to be cognizant of quarterly taxes owed if you start running up real balances.
It was cute when it was like 50:50 to get a pack and yuv and I were super sad at getting 2x Fultz/Bacon in a pack because they were $2 cards, now they’re $40.
Same as FUT improving. It used to just be a pack with bad graphics. Now if you open a quality player, they walk out onto the pitch and do a celebration? Genius idea.
Ya I don’t really seem how this is going to suddenly die down and crash with the levels of exposure we are getting to. Long run sure. But I will have made my 100k and moved on by then
I wonder if some of the mania surrounding this stuff is people finally feeling like they can look away from the politics shitshow. Probably not but it’s interesting how all these “meme stocks” have been blowing up the last couple of months. Maybe it’s just pandemic boredom.
I would buy and open packs even if they were not EV+. It’s really the only thing the site has done well. I used to love ripping packs, but largely stopped when they became super expensive and you only got a few cards. I find the TS pack opening more fun that physical cards with the music and the reveal.