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> 35.5% virtual NBA trading cards If somebody told me they have a third of their assets in virtual trading cards I would either guess that their net worth is m

> 35.5% virtual NBA trading cards If somebody told me they have a third of their assets in virtual trading cards I would either guess that their net worth is max $1000 or conclude they are completely nuts and won't take this person seriously.

dj_mc_merlin 6y ago
I haven't been able to stop laughing..
nostromo 6y ago
I actually did a Google search to see if this was a new blockchain technology I hadn't yet heard of.
- mandelbrotwurst 6y ago
  You’re probably looking for NFTs: https://coincentral.com/nba-top-shot-nfts/ https://coincentral.com/nba-top-shot-nfts/
- agumonkey 6y ago
  nice one slightly related I remember as a kid I used to hold Dragon Ball cards collection called 'trading collection' look at this offer https://www.ebay.com/i/142949370670?chn=ps https://www.ebay.com/i/142949370670?chn=ps also, people are starting to create soccer team tokens so maybe there will be a basketballcoin
dumbfounder 6y ago
If he spent $1k on this because he truly enjoys it and it went up 100x is that reason to not take him seriously? It’s a good list. Yes this allocation of assets stands out and needs more explanation... but it doesn’t invalidate the rest.
- vsskanth 6y ago
  OK this is a fair point. Never thought of it this way. Only OP can clarify but I hope it's just something he spent play money on that shot up 100x or something. However, the rest of his portfolio isn't something I would emulate either. I would consider someone more credible if they practice what they preach.
  - aadillpickle 6y ago
    Yeah totally fair point - bought those cards half because I'm an nba fan, half because I thought they'd pump - I def don't think this makes me a good investor I just got lucky. I put in less than 10% of my net worth in for fun - it just ended up growing. Verify here if you don't believe me: https://evaluate.market/accountValuation?externalUserName=aadil https://evaluate.market/accountValuation?externalUserName=aa... As for the rest of the portfolio, don't emulate it! Do what works for you, that's what the section below is for - I'm just being transparent. Most definitely consider more credible people, I just hope my suggestions might save people from the devil that is inflation.
    - vsskanth 6y ago
      Thanks OP. Appreciate the clarification.
    - dumbfounder 6y ago
      This doesn’t add to your credibility :). Your net worth is peanuts right now but as long as you are thinking about it this hard you will have a whole truckload of peanuts in 20 years.
    - id 6y ago
      It makes you a terrible investor - 10% was already a bad move - but holding them now that they are 35.5% of your net worth is insane. Yes it might work out again but so does playing the lottery.
      - dumbfounder 6y ago
        A. They are young, that makes all the difference in the world. You should take more risk when you are younger. B. You don’t immediately sell your risk bets when they start making you money, it completely mitigates your upside. Knowing when to say when is hard, but the general philosophy of removing the risk bets when they are making money is a bad one methinks.
frankbreetz 6y ago
He does go on to say this was when he was young and stupid and is shifting to more etfs
wolfgang42 6y ago
> This portfolio was made when I was young and stupid. I do not recommend this for anyone and am slowly selling off my more risky positions [...] Do as I say, not as I do.
rektide 6y ago
Two days ago there was an article on people spending hundreds of thousands on digital cryptoart, from Beeple[1]. It's just like the art you already downloaded/saw, but with crypto & rights to it. It's a mad world. I have a hard time taking the coinheads world seriously. Humanity though persistently finds idols to attach itself to, and once people begin professing their belief/dedication via dollars, it's incredibly hard & there seem to be extremely few checks on these snowballs rolling down hill. Things just grow. The cost to keep them alive & rolling is zilch. More and more folk eventually get rolled into the snowball every day. Humanity has a really weird sense of value these days. Some severe decoupling from the physical world about us seems the norm. Very Ballard-ian, a recursing into the virtual, escape from the real, ever the ascent of the symbols/symbolic, only occasional check-ins with what actually is. [1] https://news.ycombinator.com/item?id=26243116 https://news.ycombinator.com/item?id=26243116

dj_mc_merlin 6y ago

I haven't been able to stop laughing..

nostromo 6y ago

I actually did a Google search to see if this was a new blockchain technology I hadn't yet heard of.

mandelbrotwurst 6y ago
You’re probably looking for NFTs: https://coincentral.com/nba-top-shot-nfts/ https://coincentral.com/nba-top-shot-nfts/
agumonkey 6y ago
nice one slightly related I remember as a kid I used to hold Dragon Ball cards collection called 'trading collection' look at this offer https://www.ebay.com/i/142949370670?chn=ps https://www.ebay.com/i/142949370670?chn=ps also, people are starting to create soccer team tokens so maybe there will be a basketballcoin

dumbfounder 6y ago

If he spent $1k on this because he truly enjoys it and it went up 100x is that reason to not take him seriously? It’s a good list. Yes this allocation of assets stands out and needs more explanation... but it doesn’t invalidate the rest.

vsskanth 6y ago
OK this is a fair point. Never thought of it this way. Only OP can clarify but I hope it's just something he spent play money on that shot up 100x or something. However, the rest of his portfolio isn't something I would emulate either. I would consider someone more credible if they practice what they preach.
- aadillpickle 6y ago
  Yeah totally fair point - bought those cards half because I'm an nba fan, half because I thought they'd pump - I def don't think this makes me a good investor I just got lucky. I put in less than 10% of my net worth in for fun - it just ended up growing. Verify here if you don't believe me: https://evaluate.market/accountValuation?externalUserName=aadil https://evaluate.market/accountValuation?externalUserName=aa... As for the rest of the portfolio, don't emulate it! Do what works for you, that's what the section below is for - I'm just being transparent. Most definitely consider more credible people, I just hope my suggestions might save people from the devil that is inflation.
  - vsskanth 6y ago
    Thanks OP. Appreciate the clarification.
  - dumbfounder 6y ago
    This doesn’t add to your credibility :). Your net worth is peanuts right now but as long as you are thinking about it this hard you will have a whole truckload of peanuts in 20 years.
  - id 6y ago
    It makes you a terrible investor - 10% was already a bad move - but holding them now that they are 35.5% of your net worth is insane. Yes it might work out again but so does playing the lottery.
    - dumbfounder 6y ago
      A. They are young, that makes all the difference in the world. You should take more risk when you are younger. B. You don’t immediately sell your risk bets when they start making you money, it completely mitigates your upside. Knowing when to say when is hard, but the general philosophy of removing the risk bets when they are making money is a bad one methinks.

frankbreetz 6y ago

He does go on to say this was when he was young and stupid and is shifting to more etfs

wolfgang42 6y ago

> This portfolio was made when I was young and stupid. I do not recommend this for anyone and am slowly selling off my more risky positions [...] Do as I say, not as I do.

rektide 6y ago

Two days ago there was an article on people spending hundreds of thousands on digital cryptoart, from Beeple[1]. It's just like the art you already downloaded/saw, but with crypto & rights to it. It's a mad world. I have a hard time taking the coinheads world seriously. Humanity though persistently finds idols to attach itself to, and once people begin professing their belief/dedication via dollars, it's incredibly hard & there seem to be extremely few checks on these snowballs rolling down hill. Things just grow. The cost to keep them alive & rolling is zilch. More and more folk eventually get rolled into the snowball every day. Humanity has a really weird sense of value these days. Some severe decoupling from the physical world about us seems the norm. Very Ballard-ian, a recursing into the virtual, escape from the real, ever the ascent of the symbols/symbolic, only occasional check-ins with what actually is. [1] https://news.ycombinator.com/item?id=26243116 https://news.ycombinator.com/item?id=26243116