Pokemon / TCG / Gacha rant
I think I actually underestimated the Pokemon / TCG online gachas, at first I wrote it off at gambling / slot machines which I am not a fan of (yes the crypto retard doesnt outright "gamble")
but the more I look at them they are digitizing Pokemon cards, they are taking the old stale and static inventory and turning them into NFTs batch by batch and digitizing the entire category thus injecting "internet" liquidity thats been missing for 25 years outside spot ebay or maybe an auction house here and there
im also surprised at the % of redemptions, people spin the slot machine a few times but alot of people actually take a card home / get some shipped, because one thing here is the avg EV for ripping a Pokemon modern pack is 50% MAYBE on a good day, meaning you lose -50% of your money instantly, so if you took $1000 and spin the machines youd probably get some cool cards and lose 20% of your money, you take $1k and open packs you are losing 60-70% of your money minimum
alot of copies of older cards have maybe 100, 400 or something of a PSA 10 max, for reference on alot of this modern stuff theres 20,000, 30,0000 PSA 10s. Modern is clearly a bubble. PSA refuses to grade any vintage card in a 10 anymore so the supply is as good as locked, I really do not think theres enough of these cards to go around and we're seeing that play out the last year, I watch a guy on youtube who buys for these platforms (spends 6-7 figs per show) and he cant even buy enough cards to fill his suitcase and hes offering 87%-90% instant wire / cashouts
I aint reading all that summary, gachas are digitizing pokemon cards, theres a surprising amount of redemptions and theres not even close to enough supply of "grails" / older cards and I think they are up only forever on multi year timeframe
Pro - I got Nikita to openly admit he is destroying CT on purpose
Con - There’s nothing we can do about it and this site is fucked for the foreseeable future
Claude, put It’s All Coming Back to Me Now by Celine Dion on, lose $10,000 gambling on cryptocurrency, and tweet Nikita Bier is a lying rat, make no mistakes
say whatever you want about PUMP but they have product market fit, one of the only companies in crypto history to achieve it
numbers are up only since 10/10
The bad news? Crypto is losing $45 billion dollars a day in value
The good news? In 40 days the entire crypto market will be at 0 at this pace and we can all move on with our lives
Cryptocurrency was an experimental financial operation conducted by the central intelligence agency please return to your normal job, thank you for your cooperation.