Quote:
Originally Posted by Calpeman
Unfortunately I have to admit that I was wrong here. I have lost all faith in Top Shot the last month. They can't get anything right and just keeps making the same mistakes over and over again. Nothing seems to be improving and I have to agree that they are probably just interested in pumping their numbers up to look good for future capital raises and pumping their FLOW token (that has a lot of locked up supply with the big guys).
Personally I have had a very scary experience this week where my ~100k account was suddenly locked by their security team for buying moments too quickly by using multiple tabs in my browser (which is not against ToS, does not give me an advantage except for saving me some time and is a common practice). I was pretty much saved by being a VIP and being very aggressive in my communications with them. I was told on the phone (which I have a recording of): "If you weren't a VIP, security would just close your account without you being able to explain what was going on." Gives me very little confidence in having a lot of money on the site and is a good example of "not your keys, not your NFTs".
Will be working on selling most of my Top shot collection and probably just keep some moments to be able to qualify for pack drops and take part in that rent-seeking activity.
I did try to tell you but they really do ruin their own projects with money grabs. NFT market has dipped quite a bit overall but some projects have held up very well and some have done a terrible job. Doge pound has held up very good and has rarity chrome extention tool out. BAYC obviously has held up well.
You have your hyped drops like Angry Apes United which came out today and is worth a look.
You also have projects which cant get out of their own way like Hor1zon Troopers which was very hyped but suddenly decided their reveal was taking too long so mid day just decided to reveal everything 3 days early and tanked their project and lost the confidence of their community. You also have a very big community which was quite popular (Mutant Cats) that has all but destroyed their own project with shady dealings in the DAO and random community members being paid quite a lot of ETH out of the DAO to give ideas, there is a lot worse going on there imo which is a shame.
You really need a good community with leadership that can execute and there are so many projects coming out every week you have to be careful because most wont be here in 6 months in my opinion but money will rotate back in and some of these projects will take off.