 NBA Top Shot is one of the hottest things out in the NFT world right now. In its simplest form, it is an online forum for trading cards. But instead of trading cards, you collect video clips. Each clip has a limited supply, which is one of the factors that go into how valuable they are. Some LeBron James moments are going for as high as $250,000 for a clip. And as you can see here, some people have turned a few thousand dollars into millions of dollars. So, do you like basketball? Do you like money? Then I think I found the thing for you. Hey, what's up Jay here and welcome to Bitcoin Daily bringing you guys the best tips, tutorials and ideas to help you guys become profitable and successful traders. The goal of this channel is to empower you guys with the knowledge and resources to put it all together and help you get to that next level. So if you guys are new here, make sure to hit that subscribe button, make sure to smash the like and turn on that notification bell. So today, we're talking about NBA Top Shot, which is the hottest thing currently around. The first thing I'm going to show you guys is my first organic experience on this website when I finally got my first drop. I was able to enter the queue, get a drop and actually buy the cards. At the time, I had done zero research on this other than what I had heard from people. So I had no idea what I was doing, what was going on, what to expect. I had zero knowledge, which is probably where you're at right now. So first, we're going to watch that clip as I open up those cards. And then we're going to jump into the tutorial after I did the research behind everything and understood how everything worked. And then I'll give you guys a breakdown on exactly how the site works, you know, how you can see the value for your cards and why they're valuable, right? And how you can get into the marketplace and flip cards, buy them for cheaper and sell them for more. So all right, guys, let's go ahead and jump right in. All right, guys. So I finally, after spending a few hours in line for this drop, it's called the cold cats drop, I guess is drop number three. I finally was able to get actually a pack. This is the first time that I'm able to get a pack at this basically queue myself in line at mbatopshop.com. I got a notification that this drop was coming and then I queued myself and I was able to get a spot in line and then waited like two hours basically, maybe an hour or an hour or two hours or something like that. And now I finally got a pack. So I asked me for my payment and I just paid and now he gave me the pack. So this is the first time I do this. I've never opened any of these packs. I've never bought any of these packs. This is officially my first NFT purchase. So I have no idea what to even expect. I don't even know how this works, but we're going to learn together. So I'm recording this video before I've even recorded any of the other videos. Let's jump right in. Let's see what happens. I'm kind of excited. Let's see. Open pack. Okay. It has music and everything. Okay. Yandre Hunter. Okay. Cool. Larry Nance. All right. So I muted it because that music is really loud. Yeah. So that's some crazy music as you open the cards here. So let's take a look at this one. Donovan Mitchell Dunk. Okay. Let's see. Oh, that's a nice dunk. That's a nice dunk. He went all the way back. He cocked back behind his head. Look at that PJ Tucker that just got traded. So that's a little description and everything. So that's kind of cool. It's kind of cool. Three pointer. Okay. It's kind of cool. You know, let's see the last one. Dunk. There you go. Dunk are my favorite ones. RJ Barrett. Oh, something cool. Something cool. Wack RJ. Come on. Even a 360 between the legs. Something. But all right. So now let's figure out what happens here because I have no idea. I've, again, never done any of this. So view my progress. Notable pool is this one. Yeah, this is a nasty dunk. Packs open one to one. Moments pulled five. Level up your baller status. 40 out of 50. I don't really know what that means. I'm learning as I do this. Let's see what where this takes me. I don't know. I just hit that button. Okay. So what do I need? Customize your username. Change your username to something balling. Okay. So I got to customize my username. What the heck is thankful? Incabarries. Incabar- what? I don't even know what that means. All right. So let's do Bitcoin daily. Hopefully nobody has taken my username. Save changes. All right. I did it. Sign in again. What? Can I buy again? Does it let me buy again? How many times can I buy? Let's see what happens if I try to buy again. All right. I guess I can't buy again. It was worth a shot. Let's see what people are selling these for. How much are they selling these for? Lowest ask. Nine dollars. Top sell. Four thousand dollars. See, like that's so weird. Recent sales. Bro, somebody sold this for four thousand dollars. Oh, but that's why I cannot believe that somebody sold this for four grand. March 11th. So it's a 20 second March 11th. Somebody sold this for four thousand dollars. March 20th. Somebody sold it for 1250. Yo, I want to sell it for 1252. All right. I'm going to just I think I'm going to just hold it because all of these people just got the card as well. The 20 second, right? All right. So I'm going to just hold on to this and try to figure out once the marketplace opens, marketplace is disabled. So once it opens, then we're going to look back and try to figure out. I'm going to do some research as well and try to figure out exactly what am I doing? What do I do with these cards? Let's go to some of the other cards and see what they're selling for a thousand seventy two for sell. The same thing, the lower they're selling for like $13 and the top sells like $3,000. That's crazy to me. Let's check the next one. They all have a lot of sellers. See, it looks like they all kind of are the same 1400 available. So this one's actually cost more because I guess because it's Donovan Mitchell. So the lowest ask on this one is $17. This card has sold for almost $11,000. Dude, somebody sold this card for almost 11 grand, but most of these look at these. These are all for $16 and $17 is what everybody's selling it for. So I mean that that'll give me my money back and RJ is nobody selling RJ. All right, guys. So I have now done a little bit more research on NBA Top Shot and I could bring to you some more education on this as I've been getting educated on it as well. So when pulling packs, there's three main things that you need to look at that will give different moments, different prices. So one of the main thing is a common card, right? You will see here that you have a serial number. It says common serial number and then you have this number here, which is 6048 and then it says 35,000 plus CC. So what this means is that this is a common card, right? It's a 6048 card that was minted, which means that it was created. It was a 6048 that was created of this exact moment out of 35,000 plus. So that means that there's over 35,000 possible people or moments just like this one. And then at the end, CC means circulating count. So that means the count may change. More of these cards may get minted again. So because of that, the value of these cards, which is this one, this one, this one, and this one, right? These four here are all CC. They all have 35,000 plus and they're all, as you can see, common cards and base sets. So the value of these are not going to be as expensive or as high as, for example, this card. This is the RJ Barrett card. So now what differentiates this RJ Barrett card from these, right? So first off, this is a cool cat. As you can see here, you can see here that says base set series two, right? So that's what it is. These are the base sets series two cards. These are base set, base set, base set. You see all of these are base set series two cards. This one is a cool cat series two cards. So it's a different set of moments, right? Then the next thing that you'll look at is it does have common, right? So it's a common card from the cool cat's base set. I mean, not base set from the cool cat's set. It was a 12,000 card minted out of 15,000. So that means that this card was 12,033, which is a really high number. So that takes away from its value, right? Usually you want a lower number. The lower this number, the higher the value of the moment. Then next, you see here, it says 15,000. These say 35,000. So because this has less cards, now this card becomes more valuable because there's more scarcity. So because this moment is more scarce, therefore it is more valuable. Then last, LE. So LE stands for limited addition. COUNT is final. So that means that while these are CC circulating COUNT, COUNT may change, which means that they might add more to this number. This is limited edition COUNT is final. That means that there can never be another replica of the same moment created ever again out of these 15,000. So if I go ahead and click on this and I go for sell, now you can see that the lowest asking price for this RJ Barrett card is $99. So that means that this card, this moment right here that I'm currently holding is worth $99. I could sell it right now for $99. So I could probably sell it for more. If you look at recent sales, you see that the highest sell so far was for $2,222. But that was look at the serial number. It was the number two created card. So that means whoever has the number one card could sell it for even more, right? You see here the 29th card was sold for 550. The 30th was for 500. And then remember, I have what what number is my card? I think my card, I think I had like 12,000, right? So let's look at someone that has the same serial as me. This one, look at this one, 12,911. So this is worse, worse than my card, right? It was minted after mine. And it's sold for $98. This one's $14,000 sold for $98. $99. I'm sorry. So yeah, those are the two that are worse. They're further back minted than mines and they sold for basically $100 each. So what I'm thinking of possibly doing is selling this card just to go through the process and see what it's like for you guys. Let's let's actually take a look real quick before we do that. So this is a website called evaluate.market where they basically give you an idea of what your account value is worth depending on what cards you have. And it tells you and it gives you this guesstimate depending on what the lowest ask for each card is. So if you look here, these are the remember I bought one pack for $14, one pack for $14. My account is worth $140, right? That's crazy. That's a 10x return, right? So if you go down, you can see which cards I have and what their lowest asking price for each of those cards is. So for example, PJ Tucker, the lowest asking is $9. So that means that if I put it right now for $9, I could probably sell it. Larry Nance Jr., also $9, Deandre Hunter, $10, Donovan Mitchell, $13. And then finally my precious RJ Barrett, $99. So RJ Barrett is my most valuable moment that I currently have. It's part of the Colcats set and it's a limited edition. The lowest asking price currently is $99 for this one moment. And you can see now because of that, it makes my account value for my account right now is $140. So I spent $14 on these cards and basically a profit of 100 and some change. And of course, that's nothing, guys. If you go to account values here, if you take my name off, let me see, trying to reset it here and you look at the top people on the leaderboards. Look at these numbers. Total moment valuation. This guy has $43 million. His account is worth $43 million. Total purchase price, $3,298. Market profit loss, $43 million. So this guy must have got in super early. It had to be, I would imagine, somebody from the team here because it's ridiculous. They spent $3,300 on packs and cards and their account is now worth $43 million. So they for sure, they have 9,500 cards. So they for sure work for the team or something because it's just, it's such a big difference. Look at this guy here. Auzo, whatever his name is, he has spent $233,000 on his holdings and now they're worth $15 million. So that's a lot more realistic as far as what you can expect. That's a $6,000 return. I mean, 6,000% return. This guy spent $50,000. This guy spent $60,000. This guy again spent $239,000 for all those cards. This guy here, look at this guy. This guy spent $748,000 on his cards to have the same amount of cards that this guy has. 9,500, right? This guy has 9,500. He spent almost a million dollars, but now his valuation is 10 million. So if you go through here, you're going to see some people have spent over $1 million on this to just be on this leaderboard, right? So you kind of have to spend money to be on here. If you want to be on the leaderboard, you see his account value is currently at $9 million. So he's got a 800% return on his $1 million investment. He has over 10,000 cards. Look at this guy. He has 26,000 cards. So a lot of these people, you will see that they have a whole lot of money. They've spent a whole lot of money. I think it just goes down to how early you were in the process. The earlier you were, the cheaper these cards were worth at that time. So this guy just had to be one of the first people here. Probably the one that was testing it or something. I don't know. All right. So as we continue to look at this card, this is the RJ Barrett card. You can see here, it tells you a lot of cool stuff here on this site. So you can see the lowest asking price is $99. It tells you the amount of circulation there is, which is $15,000. Told you that it tells you the total market cap, which is the lowest asked times circulation. So it's currently at almost $1.5 million. You can see the amount of unique owners here, the total owned. So total owned is more than unique owners because owners could have multiples of the same card. Then the percentage impacts 14% of these cards are still impacts and have still not been pulled. So that means that only 86% of the cards of the current circulation available has been owned to date. So right now there's 2,121 more of these cards that could that will eventually go into circulation, but are not pulled yet. So next on the top you have community where you can see showcases, challenges, upcoming events, find a collector. You know, you can see your the total fans for your favorite team rankings for little boards for your favorite team, the blog and all that going over to collection. This is basically where you have your moments. So you have my moments there, my packs. So if you have any packs that you haven't opened to be there, your showcase, you can make a showcase with your favorite moments, your challenges, your active challenges that you haven't completed and your completed challenges. So that is pretty much it guys. I think we touched on a little bit of everything as far as what top shot is how it works and how the system works, how the cards work, how the website works, all that the only thing that we haven't done. I even showed you the clip of me opening my first card when I had zero clue about what I was doing. The only thing I haven't recorded is queuing up to get in line for a drop in that process. So I'll do another video on that and I'll keep updating you guys as I hopefully continue to build my account here on top shot. As you guys know, I started out with my account around a valued around 140 and currently it's valued around $191. As you can see my RJ Barrett, that first card I got, it's currently to Lois Ask is $123 now and I did this on my own. I bought a BAM Atabayo card for $59. Lois Ask is $25 but I got a lower serial number for him, which is why I paid more for that and I'm a Miami Pete fan so that's why I got the Atabayo card. But if you guys have enjoyed this video so far man, go ahead and subscribe to the channel. Make sure that you smash that like button as well and turn on those post notifications so that you guys know as soon as we post these new videos. We post videos five times a week, Mondays through Fridays. Don't miss out. Alrighty guys, I hope you enjoyed this video. I will see you on the next one. As always, peace and love.