If I was starting Top Shot today:
1 make an agreement with yourself about the budget to start with. consider putting that in Dapper
2 temper expectations. its not a get rich quick scheme
3 Buy the dip. you hear it a lot. but in Feb we didn't know during the explosion, it was an explosion.
4 thoughtfully purchase and sell around challenges.
- you don't need to participate to benefit. I could have flipped my moments for cool cats to $150 after gaining 2 from the pack and two from the price rise. sell moment during the challenge if you want to sell high, buy back two later.
5 Don't let the frustration of NBA Top Shot get to you. Being here now is your advantage. The cost is grinning and bearing the beta tests. I missed a stress test pack this morn. I don't go on Twitter and slam top shot for it. I wouldn't do that if I was 0 from 10 on packs.
6 Packs are your easiest investment. They are always worth it. even the $999 ones. contains always outvalues the pack. That doesn't mean investing in a holo pack to start, in fact, that's probably a bad idea and you likely won't fit the requirements to get that.
7 Buy moments with a rationale, not emotions
- don't buy moments because other people are
- you can justify any decision, doesn't mean they're right
- if you buy players you like, it's so much easier to not care if/when they go down in value.
make an informed decision before buying and selling:
- that means getting familiar with 3rd party tools that tell you what you need to know about moments. Start with
- evaluate.market
- otmnft.com
- flowmarketcap
- momentranks.com
- and chrome extension NBAnana
- the later you can set up an email motification if your looking at a certain moment, but want it under a certain price.
8 Sometimes not making a move is the best move. Just because you are on the site, doesn't mean you need to go buy something.
9 If you selling a moment you not amped on, make sure you're getting market value. dont be this guy and dump it a huge percentage below market value,
If you buying a moment, check the circulation, is much of the distribution still in packs?
10 Have patience. 1 week in top shot world feels like a mont
Bonus tip. If your buying a moment you love with the view of keeping and holding long term, you may just be unbeatable.
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