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

[ThoseBackPages]

theres a bubble no doubt.

could go on for another day, week, year, 17 years or 87 years

when someone can correctly predict it's popping date, its pointless to go on with "THERES A BUBBLE"

[joe73]

Originally Posted by ThoseBackPages

theres a bubble no doubt.

could go on for another day, week, year, 17 years or 87 years

when someone can correctly predict it's popping date, its pointless to go on with "THERES A BUBBLE"

Exactly.

[pewe]

Originally Posted by ThoseBackPages

theres a bubble no doubt.

could go on for another day, week, year, 17 years or 87 years

when someone can correctly predict it's popping date, its pointless to go on with "THERES A BUBBLE"

Originally Posted by joe73

Exactly.

Wow - @joe73 you had an opportunity to disagree and be correct, yet you chose the unusual position of acceptance and be wrong?!?

Predicting an end point is a fools errand. But also completely unnecessary. Believing there is a bubble is all that you need to justify strategy adjustments to reduce exposure to market risk while still enjoying opportunities to generate returns.


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[ThoseBackPages]

Originally Posted by pewe

Wow - @joe73 you had an opportunity to disagree and be correct, yet you chose the unusual position of acceptance and be wrong?!?

Predicting an end point is a fools errand. But also completely unnecessary. Believing there is a bubble is all that you need to justify strategy adjustments to reduce exposure to market risk while still enjoying opportunities to generate returns.


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the bolded is correct.

its equally foolish to blab on about it here, on these forums, where we all know that it will all crash down..... eventually*


*the world will end as well, just a matter of when

[ScooterMcRibs]

This CNN article could be a watershed moment. Hold on to your card folks. If you have "reach" BINs then take them down. The market could jump 3-4x overnight on some cards. Wall Street is getting in (as I have told you they would) and yesterday's prices will never be seen again.

[pewe]

Originally Posted by ScooterMcRibs

This CNN article could be a watershed moment. Hold on to your card folks. If you have "reach" BINs then take them down. The market could jump 3-4x overnight on some cards. Wall Street is getting in (as I have told you they would) and yesterday's prices will never be seen again.

Because they are the peak we will not reach for years to come??? Kind of like dot com stock prices?

Fascinating!


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[armpit69]

Originally Posted by ScooterMcRibs

This CNN article could be a watershed moment. Hold on to your card folks. If you have "reach" BINs then take them down. The market could jump 3-4x overnight on some cards. Wall Street is getting in (as I have told you they would) and yesterday's prices will never be seen again.

to me...this is more an indication the party is almost over when you start reading about how hot cards are...blah blah blah. next we'll be hearing the redditts are buying cards...and Jim Cramer...then you know its too late!!!

[joe73]

Originally Posted by pewe

Wow - @joe73 you had an opportunity to disagree and be correct, yet you chose the unusual position of acceptance and be wrong?!?

Predicting an end point is a fools errand. But also completely unnecessary. Believing there is a bubble is all that you need to justify strategy adjustments to reduce exposure to market risk while still enjoying opportunities to generate returns.


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I know. "Exactly" was a joke.

[pewe]

Originally Posted by armpit69

to me...this is more an indication the party is almost over when you start reading about how hot cards are...blah blah blah. next we'll be hearing the redditts are buying cards...and Jim Cramer...then you know its too late!!!

It used to be the funny, but very effective strategy: if a firm was the cover story of Fortune magazine as the “can’t lose” business... you’d know they’d peaked and as an investor you needed to be ready for a ride down.


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[pewe]

Originally Posted by joe73

I know. "Exactly" was a joke.

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[goin3d]

One thing I think is very different than years past is that many people are becoming more and more comfortable with alternate investment types (crypto, cards, coins, etc). Just like anything else there are going to be big waves up and down but I do think sports cards in general are going to continue to gain steam.

[Maxcd]

Originally Posted by Triple B

This is not how YOUR hobby works.

We use words to convey meaning. Words have denotative meaning for a reason.

Merriam Webster's definition is:

a pursuit outside one's regular occupation engaged in especially for relaxation

The two examples you used for enjoy cards were flipping, and making big whale purchases. It does not sound like you enjoy cardboard, just that you enjoy making money. Nothing is wrong with enjoying that, but it's not in line with what hobbies universally are classified as. Based off what you described, you're essentially chasing endorphin rushes and cash.

[rngrdanny22]

Originally Posted by Maxcd

We use words to convey meaning. Words have denotative meaning for a reason.

Merriam Webster's definition is:



The two examples you used for enjoy cards were flipping, and making big whale purchases. It does not sound like you enjoy cardboard, just that you enjoy making money. Nothing is wrong with enjoying that, but it's not in line with what hobbies universally are classified as. Based off what you described, you're essentially chasing endorphin rushes and cash.

What if someone likes to flip cards to land better cards for their collection?

Is that a hobby?

[Maxcd]

Originally Posted by rngrdanny22

What if someone likes to flip cards to land better cards for their collection?

Is that a hobby?

Collecting cards is a hobby, flipping is a mechanism to get funds for the hobby.

[hatchd]

That's it. It's official. This has become the worst thread in BO history. It's a worse thread than 91 Fleer.


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[clocsta2323]

Originally Posted by Maxcd

We use words to convey meaning. Words have denotative meaning for a reason.

Merriam Webster's definition is:



The two examples you used for enjoy cards were flipping, and making big whale purchases. It does not sound like you enjoy cardboard, just that you enjoy making money. Nothing is wrong with enjoying that, but it's not in line with what hobbies universally are classified as. Based off what you described, you're essentially chasing endorphin rushes and cash.

Endorphin rushes. It's official, this thread has reached the nadir of reason and judgement.

[rngrdanny22]

Originally Posted by Maxcd

Collecting cards is a hobby, flipping is a mechanism to get funds for the hobby.

So, it's okay to be a flipper and a collector?

[ScooterMcRibs]

Originally Posted by armpit69

to me...this is more an indication the party is almost over when you start reading about how hot cards are...blah blah blah. next we'll be hearing the redditts are buying cards...and Jim Cramer...then you know its too late!!!

Nowhere near "almost over", the party will never be over. Collectables are a legitimate asset class, the biggest thing holding them back is the difficulty of making transactions. That's where securitization comes in. Imagine if you could buy $50,000 worth of gem mint Griffey Star Rookie cards, sell $10,000 worth of 1952 Mantle, and write options for $500,000 worth of Trout, all in five minutes, from your home, and for $10 commission?

Once securitization comes, the market becomes legitimate in the eyes of main street and Wall Street, and then the sky is the limit. People right now are working hard to launch ETFs, it will happen.

[Maxcd]

Originally Posted by rngrdanny22

So, it's okay to be a flipper and a collector?

Of course it's ok! I'm not passing judgement on anyone. I enjoy the successes of flipping cards too.

If people enjoy flipping cards, so be it. I wouldn't call flipping a hobby though since it's not done out of leisure or relaxation, it's done almost entirely for profit.

I feel there is a growing stigma associated with genuinely wanting to collect cards, it's strange.

[joe73]

Originally Posted by ScooterMcRibs

Nowhere near "almost over", the party will never be over. Collectables are a legitimate asset class, the biggest thing holding them back is the difficulty of making transactions. That's where securitization comes in. Imagine if you could buy $50,000 worth of gem mint Griffey Star Rookie cards, sell $10,000 worth of 1952 Mantle, and write options for $500,000 worth of Trout, all in five minutes, from your home, and for $10 commission?

Once securitization comes, the market becomes legitimate in the eyes of main street and Wall Street, and then the sky is the limit. People right now are working hard to launch ETFs, it will happen.

Laughing out loud.

[Snakeonia]

Originally Posted by Maxcd

Of course it's ok! I'm not passing judgement on anyone. I enjoy the successes of flipping cards too.

If people enjoy flipping cards, so be it. I wouldn't call flipping a hobby though since it's not done out of leisure or relaxation, it's done almost entirely for profit.

I feel there is a growing stigma associated with genuinely wanting to collect cards, it's strange.

I felt there was a stigma to have and imaginary digital currency but billions of dollars now say otherwise same goes for the blockchain assets. Still cant wrap my head around it but whatever floats your boat or finds your lost remote....


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[JohnnyHatesJazz]

have paintings been securitized? If not why not? And why should we expect securitization of sports cards to take off?

[CharlieHustle]

Originally Posted by ThoseBackPages

theres a bubble no doubt.

could go on for another day, week, year, 17 years or 87 years

when someone can correctly predict it's popping date, its pointless to go on with "THERES A BUBBLE"

No exact date, but I'd highlight Thanksgiving 2021 - Valentines Day 2022.
Roughly a 90 day window where it becomes clear as day that this ride is over.

No, I dont think cards become worthless or go to 0, I just think it's the graded card boom all over again and prices come down to non-WTF levels.

[joe73]

Originally Posted by JohnnyHatesJazz

have paintings been securitized? If not why not? And why should we expect securitization of sports cards to take off?

"This time is different."

[CharlieHustle]

Originally Posted by joe73

"This time is different."

The reason why this time is different is because it's the new normal.

Not like those other booms and busts that we actually know about and have given catchy titles, like The JunkWax Era.