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

JWBlue · 02-07-2021, 06:18 PM

Starting believe that this market is here to stay.

If people are investing in imaginary coins why wouldn't they invest in a tangible asset of something that has immense popularity?

I am actually beginning to believe we are just at the beginning.

ThoseBackPages · 02-07-2021, 06:19 PM

how great is that?

keenejd · 02-07-2021, 06:20 PM

Buy buy buy

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seanbros55 · 02-07-2021, 06:21 PM

Quote:

Originally Posted by JWBlue

Starting believe that this market is here to stay.

If people are investing in imaginary coins why wouldn't they invest in a tangible asset of something that is has immense popularity?

I am actually beginning to believe we are just at the beginning.

What about investing in infinitely-reproducible NBA highlight bits? WTF

KhalDrogo · 02-07-2021, 06:22 PM

Great time to have been in the hobby.

Biohazarddfl · 02-07-2021, 06:24 PM

Quote:

Originally Posted by keenejd

Buy buy buy

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I wish I knew how to post a poll because I'm curious if a part of this run is sports gamblers who realized that this is a better bet than betting on individual outcomes. From there, it does seem like there is an influx of legitimate investors as well as those coming back to the hobby. Not sure I see many of these folks leaving any time soon. I think it stabilizes in a few months but I think the "bubble" callers will remain surprised.

LCM1223 · 02-07-2021, 06:26 PM

Step 1. Buy it all. Buy everything! Buy buy buy!

Step 2. Wait

Step 3. Profit

patchgenie · 02-07-2021, 06:27 PM

i'd rather have cards or gifs than fake coins.

xTri · 02-07-2021, 06:29 PM

NBA Gifs > Physical cards

JWBlue · 02-07-2021, 06:30 PM

All of a sudden a MJ PSA 10 at $650K seems like a bargain.

nabzy28 · 02-07-2021, 06:33 PM

I just posted this response in another forum a couple minutes ago - same thought:

I don't think this will end anytime soon. Too many new collectors, hedge funds, whatever just getting in. There are phone apps to track card sales/values up to the minute, sales trends, history, etc. The sheer amount of people starting to post videos on YouTube, besides the usual group breakers, is crazy. I think this is still in the very early stage(s). Could be way off but, if it's true that institutional money is building portfolios off of these cards, there's no way it's even close to taking off, as crazy as that sounds. If a couple funds start banking 20-30% returns off of a "sportscard portfolio" fund, or something similar, a lot more money will follow.

premium1981 · 02-07-2021, 07:57 PM

Lock in now!!!!!!

EldoEsq · 02-07-2021, 08:02 PM

Quote:

Originally Posted by KhalDrogo

Great time to have been in the hobby.

I totally agree...but could you imagine just starting this hobby now???

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jewcer2k5 · 02-07-2021, 08:18 PM

Quote:

Originally Posted by LCM1223

Step 1. Buy it all. Buy everything! Buy buy buy!

Step 2. Wait for card to arrive in mail

Step 3. Profit in under a week

Fixed for you

pewe · 02-07-2021, 08:18 PM

Quote:

Originally Posted by JWBlue

Starting believe that this market is here to stay.

If people are investing in imaginary coins why wouldn't they invest in a tangible asset of something that has immense popularity?

I am actually beginning to believe we are just at the beginning.

So sounds like you think we are close to the end??? “It’s different this time”

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kabrune2 · 02-07-2021, 08:19 PM

And if Biden cancels $10k-$50k in student loans, it’ll only keep bringing disposable money of millennials in (having student loans paused with no interest started it... cancelling debt will make sure it stays)

Mikeeg85 · 02-07-2021, 08:24 PM

I do feel as though this is the new normal, the only factor that could negatively impact the market is if the card companies begin/ continue to issue inferior products. Having the junk wax era in the review has many savvy collectors on their toes. In seeing some QC issues and just overall lackluster effort in sets (2020 Chrome Update) the product COULD drive interest away from current products.

hermanotarjeta · 02-07-2021, 08:26 PM

.............says those who are currently buying at all time high prices..........

pewe · 02-07-2021, 08:30 PM

Quote:

Originally Posted by Mikeeg85

I do feel as though this is the new normal, the only factor that could negatively impact the market is if the card companies begin/ continue to issue inferior products. Having the junk wax era in the review has many savvy collectors on their toes. In seeing some QC issues and just overall lackluster effort in sets (2020 Chrome Update) the product COULD drive interest away from current products.

Good good... more evidence for “it’s different this time” type market opinion emerging

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nera20 · 02-07-2021, 08:32 PM

Just go with the flow buy smart, sell smart, hold smart and just enjoy what's happening theres alot of good alot of bad but just go for the ride

Biohazarddfl · 02-07-2021, 08:37 PM

Quote:

Originally Posted by pewe

So sounds like you think we are close to the end??? “It’s different this time”

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What events or economic indicators would you point to, to make your point? If pointing to "optimism" as an indicator, that would be a check in the OP's column. Any others?

DoubleD · 02-07-2021, 08:38 PM

I have been in the hobby for 40 years and have seen the ups and downs. But this current state is very new, I have friends that have never collected and now they are calling me asking for advice. I have one friend I have guided in the last few months, and he has spent more than 250k and rising. So many new people are bringing new money into the hobby, this is a good thing. Will it continuously keep going up, no! There are always going to be adjustments, but not in the foreseeable near future! Sit back and enjoy the ride.

KingInTheNorth · 02-07-2021, 08:43 PM

Agree with above poster. The amount of friends I have that collect now is really cool. Some are trying to do quick flips and some are collecting. Others are "investing for the long term"

I think a lot of people are experiencing the same things.

Gradek · 02-07-2021, 08:53 PM

Quote:

Originally Posted by Biohazarddfl

What events or economic indicators would you point to, to make your point? If pointing to "optimism" as an indicator, that would be a check in the OP's column. Any others?

Were you alive for the late 90s tech bubble?

pewe · 02-07-2021, 09:19 PM

Quote:

Originally Posted by Biohazarddfl

What events or economic indicators would you point to, to make your point? If pointing to "optimism" as an indicator, that would be a check in the OP's column. Any others?

I’m not sure I have a point... I’m just trying to provide tools to enable others to better articulate their own, and reflect on what they believe

I’m just fascinated to learn the market sentiment and risk expectations.

Now if you really twist my arm... I’d say as long as the buyers / flippers / collectors are using disposable income then chances of much more than the market going sideways / gentle decline is pretty low.

The blinking red warning sign I’d look for commonly is the use of leverage (ie credit / debt) to fund purchases. Especially if that was being done by individuals and small/mid sized businesses as opposed to sophisticated investment funds. But even sophisticated funds can create the issue.

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02-07-2021, 06:18 PM	#1
JWBlue Member Join Date: Sep 2014 Location: Phoenix, AZ Posts: 10,286	We are only at the beginning of this market boom.... Starting believe that this market is here to stay. If people are investing in imaginary coins why wouldn't they invest in a tangible asset of something that has immense popularity? I am actually beginning to believe we are just at the beginning. Last edited by JWBlue; 02-07-2021 at 06:21 PM.

02-07-2021, 06:19 PM	#2
ThoseBackPages Member Join Date: Feb 2010 Location: Long Island Posts: 91,087 ThoseBackPages	how great is that? __________________ Pumpers Paradise #YouCryIBuy Four things that we cannot change each others minds about: Politics, Religion, Third Party Grading, and 2021 Bowman's Best Rookie Cards

02-07-2021, 06:26 PM	#7
LCM1223 Member Join Date: Sep 2013 Location: Pennsylvania Posts: 26,691 lucards1295	Step 1. Buy it all. Buy everything! Buy buy buy! Step 2. Wait Step 3. Profit __________________ Total Topps BUNT Profits: $1653.92 KICK: $3243.82 HUDDLE: $300.22 STAR WARS CARD TRADER: $3283.79 STAR WARS FORCE COLLECTION: $1318.14 TWD: $94.09 SKATE: $697.03

02-07-2021, 06:33 PM	#11
nabzy28 Member Join Date: Aug 2007 Location: In a warehouse of common sense Posts: 7,323 nabzy28	I just posted this response in another forum a couple minutes ago - same thought: I don't think this will end anytime soon. Too many new collectors, hedge funds, whatever just getting in. There are phone apps to track card sales/values up to the minute, sales trends, history, etc. The sheer amount of people starting to post videos on YouTube, besides the usual group breakers, is crazy. I think this is still in the very early stage(s). Could be way off but, if it's true that institutional money is building portfolios off of these cards, there's no way it's even close to taking off, as crazy as that sounds. If a couple funds start banking 20-30% returns off of a "sportscard portfolio" fund, or something similar, a lot more money will follow. __________________ Sent from my Danger Hiptop T-Mobile Sidekick in 2002

02-07-2021, 08:32 PM	#20
nera20 Member Join Date: Dec 2010 Posts: 35,256	Just go with the flow buy smart, sell smart, hold smart and just enjoy what's happening theres alot of good alot of bad but just go for the ride __________________ USA SHIPPING ONLY

02-07-2021, 06:20 PM	#3
keenejd Member Join Date: Dec 2016 Location: Cincinnati, OH Posts: 3,998 keenjonat	Buy buy buy Sent from my moto g(6) using Tapatalk

02-07-2021, 06:22 PM	#5
KhalDrogo Member Join Date: Aug 2017 Posts: 41,505	Great time to have been in the hobby.

02-07-2021, 06:27 PM	#8
patchgenie Member Join Date: Aug 2009 Posts: 7,078 americansportscards	i'd rather have cards or gifs than fake coins.

02-07-2021, 06:29 PM	#9
xTri Member Join Date: Mar 2020 Location: Toronto Posts: 221	NBA Gifs > Physical cards

02-07-2021, 06:30 PM	#10
JWBlue Member Join Date: Sep 2014 Location: Phoenix, AZ Posts: 10,286	All of a sudden a MJ PSA 10 at $650K seems like a bargain.

02-07-2021, 07:57 PM	#12
premium1981 Member Join Date: Oct 2007 Location: North Carolina Posts: 11,612	Lock in now!!!!!!

02-07-2021, 08:19 PM	#16
kabrune2 Banned Join Date: May 2020 Posts: 1,360	And if Biden cancels $10k-$50k in student loans, it’ll only keep bringing disposable money of millennials in (having student loans paused with no interest started it... cancelling debt will make sure it stays)

02-07-2021, 08:24 PM	#17
Mikeeg85 Member Join Date: Sep 2020 Posts: 11	I do feel as though this is the new normal, the only factor that could negatively impact the market is if the card companies begin/ continue to issue inferior products. Having the junk wax era in the review has many savvy collectors on their toes. In seeing some QC issues and just overall lackluster effort in sets (2020 Chrome Update) the product COULD drive interest away from current products.

02-07-2021, 08:26 PM	#18
hermanotarjeta Member Join Date: Feb 2012 Posts: 23,408	.............says those who are currently buying at all time high prices..........

02-07-2021, 08:38 PM	#22
DoubleD Member Join Date: Jan 2012 Location: Montreal, Canada Posts: 2,689	I have been in the hobby for 40 years and have seen the ups and downs. But this current state is very new, I have friends that have never collected and now they are calling me asking for advice. I have one friend I have guided in the last few months, and he has spent more than 250k and rising. So many new people are bringing new money into the hobby, this is a good thing. Will it continuously keep going up, no! There are always going to be adjustments, but not in the foreseeable near future! Sit back and enjoy the ride.

02-07-2021, 08:43 PM	#23
KingInTheNorth Member Join Date: Feb 2018 Posts: 2,860	Agree with above poster. The amount of friends I have that collect now is really cool. Some are trying to do quick flips and some are collecting. Others are "investing for the long term" I think a lot of people are experiencing the same things.