We are only at the beginning of this market boom....

[auctionjmm]

Originally Posted by pewe

Yikes! Big red flag here

Buying on credit / using leverage is the precursor to a crash, so I would be worried about signals like this.


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It depends on the end game. Shows like "Shark Tank" exist because most successful businesses need credit to get started. In the sports card forums people talk about credit as if it's shameful but if you intend to grow a big business whether you are doing e-commerce or opening a card shop, that initial investment is crucial to making it all work. Maybe the kid maxing out 3 credit cards to buy basketball wax is heading for trouble but for a dealer whose in it for the long haul, credit can be an amazing thing.