Because eventually the market exposes the reality that very few people are actually good enough, long term, to consistently sell picks profitably.
At first, these platforms thrive on excitement, hot streaks, and the dream of finding “elite” cappers.
But over time, results become transparent and when this happens most sellers cool off, buyers lose money, trust erodes, and engagement slowly dies.
Once the public realizes the majority of pick sellers aren’t producing sustainable results, two things happen:
1. Buyers stop paying.
2. Posters stop posting.
And when the community dries up, the business model collapses.
You already saw this happen with Covers.
For a while, their model worked because the forums were active, organic, and community-driven. But eventually they tried monetizing hot streaks by promoting forum posters into paid cappers.
That failed.
Then they attempted to “raise the bar” with the “Covers Legends” concept, supposedly the "best of the best".
That failed too.
You could watch the desperation happen in real time: more branding, more labels, more promotion.
But the underlying issue never changed... there simply weren’t enough people producing long-term winning results to sustain the ecosystem.
Eventually they shut the model down altogether.
And today the forums are a shadow of what they once were.
Years ago, you would see 20–40+ pages of active daily picks and discussion.
Now many days struggle to generate even a single page of meaningful engagement.
That’s why companies lean heavily on legacy branding like “810,221 lifetime members worldwide”.
Because the past sounds stronger than the present.
And the present certainly isn’t the future.
Wishing you nothing but success but be careful how much you actually invest into it.
