Markets are trending down - But how far and for how long? - Page 42

clocsta2323 · 06-07-2021, 07:33 PM

I would have to have someone smuggle me into a top secret NASA round table discussing a voyage to Mars to endure this threads' amount of "expert" opinions. The lack of self awareness is alarming.

Donkaylove · 06-07-2021, 07:33 PM

giannis cards dropping, fer sure.

KhalDrogo · 06-07-2021, 07:34 PM

Quote:

Originally Posted by kyle1707

I deal with 2 different distributors

Everyday I get a list with 100s of products

The list contains prices and amount in stock

The last year has been crazy. Huge amounts would sell out daily

I would say the last month. Stuff has come to a stand still

They seem to be hardly selling anything

Good. It’s about time the pigs get slaughtered.

cardsin47 · 06-07-2021, 07:43 PM

Paid $475 for one of these about 6 Months ago...

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LVDan · 06-07-2021, 07:49 PM

Quote:

Originally Posted by KhalDrogo

Good. It’s about time the pigs get slaughtered.

Amen. I’d assume that there are some intelligent people paying attention and prices will quickly adjust accordingly. If not, I hope they all choke on it to be honest. Increased production and a rapidly cooling wax market means adapt swiftly or watch revenues fall off a cliff.

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pewe · 06-07-2021, 07:51 PM

Quote:

Originally Posted by cardsin47

Paid $475 for one of these about 6 Months ago...

Sent from my iPhone using Tapatalk

I bought a case of these for $50 each from BO cards during 2018 Black Friday... amazing how the prices went up

Of course I ripped everything, and turned my $900 purchase into $0

I can’t believe that these would be worth $475 each, let alone $50

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cardsin47 · 06-07-2021, 07:55 PM

Quote:

Originally Posted by pewe

I bought a case of these for $50 each from BO cards during 2018 Black Friday... amazing how the prices went up

Of course I ripped everything, and turned my $900 purchase into $0

I can’t believe that these would be worth $475 each, let alone $50

Sent from my iPhone using Tapatalk

FYI - the reason I don’t care about my “paper” loss —- key card is Mookie’s Auto RC ——- by the time I sell ( or die 1st, if all goes as planned ) —- each box will be worth $thousands

blackbears86 · 06-07-2021, 07:57 PM

Quote:

Originally Posted by CharlieHustle

unopened wax will be the last to come down.
this is variable, based on year/brand.
If it's 1983 Topps you're waiting for, good luck. If it's modern, you'll have better luck, especially BK,FB and anything outside of the big 4 sports.

and in truth, I'm looking at unopened wax that's pretty solid, even with the drop: 2000, 2017 football, 2018 BSKB, 2018 BB

blackbears86 · 06-07-2021, 08:03 PM

Quote:

Originally Posted by dcarado

I think this speaks to the volume of low-end high-pop cards being flipped by the hypebois. That party’s over, for now. I think there’s a large segment of the market in my boat. I did not contribute much to the buying side, but I sure graded and sold every low-end card I own that I could make a profit on. Now I’m just waiting for the bottom. Once the cards I’m watching level out and even start trending back up, my money will “re-enter” the market. Sure, some demand is gone, but I feel like a lot of the demand is just waiting patiently.

I couldn't agree more.

I have nibbled occasionaly, but nothing huge. I have no idea when bottom will hit, but I don't think we are there yet.

BBases31 · 06-07-2021, 08:07 PM

Quote:

Originally Posted by blackbears86

I have nibbled occasionaly, but nothing huge. I have no idea when bottom will hit, but I don't think we are there yet.

The bottom will come in the offseason when it looks like there will be a lockout. There's alot I want to buy but I'm putting all buying on hold except for rare stuff that I won't be guaranteed to find in that 1-2 month rock bottom window.

Middies31985 · 06-07-2021, 08:08 PM

I kind of get the feeling that right before the National will be the floor and then the hype will begin to ramp back up during and after the National with football season coming and the baseball season getting ready for the final stretch.

MoreToppsPlease · 06-07-2021, 08:12 PM

This thread is constructed the same way a prospect hype thread is constructed.

cardsin47 · 06-07-2021, 08:14 PM

Quote:

Originally Posted by MoreToppsPlease

This thread is constructed the same way a prospect hype thread is constructed.

Starts off oK, and ends up “oh crap”?

Donkaylove · 06-07-2021, 08:14 PM

even the sports card investor guy is panicking....hilarious

pewe · 06-07-2021, 08:15 PM

Quote:

Originally Posted by cardsin47

FYI - the reason I don’t care about my “paper” loss —- key card is Mookie’s Auto RC ——- by the time I sell ( or die 1st all goes as planned ) —- each box will be worth $thousands

Here were my hits from the first 3 master boxes I opened... I need to see if I kept pictures of others

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pewe · 06-07-2021, 08:22 PM

Quote:

Originally Posted by Middies31985

I kind of get the feeling that right before the National will be the floor and then the hype will begin to ramp back up during and after the National with football season coming and the baseball season getting ready for the final stretch.

That’s about when baseball is getting into the doldrums for anyone not in playoff contention, and it only gets worse from there for a few months

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Donkaylove · 06-07-2021, 08:23 PM

next month everybody will want to trade giannis for KD....for sure-book it.

Too many cards of trae and luka to accomplish worthy trades, all overvalued/getting dumped. Sellers galore next show, book that too.

BBases31 · 06-07-2021, 08:24 PM

Quote:

Originally Posted by Donkaylove

next month everybody will want to trade giannis for KD....for sure-book it.

Too many cards of trae and luka to accomplish worthy trades, all overvalued/getting dumped. Sellers galore next show, book that too.

None of these guys ever made the majors.

MiamiMarlinsFan · 06-07-2021, 08:31 PM

Quote:

Originally Posted by MoreToppsPlease

This thread is constructed the same way a prospect hype thread is constructed.

Sure, but it’s still better than the NFT thread. Every time they start to become self aware and realize NFTs are a partial scam and aren’t going to make them rich…. Someone comes in and says, “all of this just points to a perfect buying opportunity, guys!” to which everyone nervously agrees, breathes a sigh of relief, and the loop starts again.

CharlieHustle · 06-07-2021, 09:36 PM

Quote:

Originally Posted by cardsin47

Everything you say in every post of this Thread I agree with, CharlieHustle. That leads me to these 2 possibilities:

1. We’re both crazy at the same exact level

2. We’re both right, and you’re typing what I’m thinking

I hope it’s option 2 - the World is already at its limit for crazy

I'm not ruling out that I'm crazy or that getting older is making me think a different way.

However, I'm not exactly guessing, either. I'm just telling everybody here what happened after 2003, when the graded card boom came to an end.
My warning, from the beginning has been: This has happened before.

Steve88 · 06-07-2021, 09:45 PM

Quote:

Originally Posted by CharlieHustle

I'm not ruling out that I'm crazy or that getting older is making me think a different way.

However, I'm not exactly guessing, either. I'm just telling everybody here what happened after 2003, when the graded card boom came to an end.
My warning, from the beginning has been: This has happened before.

How was the atmosphere of the hobby after the 2003 boom came to an end?

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BaseballKing · 06-07-2021, 09:49 PM

Quote:

Originally Posted by Donkaylove

even the sports card investor guy is panicking....hilarious

I hate myself for saying this but seeing his most recent video gave me great joy.

BaseballKing · 06-07-2021, 10:04 PM

Actually I don't hate myself for saying that. I grew up in a part of the world and in an era where conducting one's self in the manner that Mr. Sports Card Investor conducts himself was seen as both embarrassing and disgraceful.

How times have changed.

Canedude08 · 06-07-2021, 10:09 PM

Anyone with an IQ above 70 saw this coming. The great news, maybe I can start drifting back into purchasing wax to break, instead of singles. The suckers are going to get weeded out, the people that bought the things they liked, and possibly a couple of things they saw value in(For me it was Tatis Jr. rookie autos), are sitting pretty.

BaseballKing · 06-07-2021, 10:17 PM

Quote:

Originally Posted by KhalDrogo

Good. It’s about time the pigs get slaughtered.

If 'pigs' is a reference to greedy distributors I'm all for it.

Opening wax is/was my absolute favourite thing in the hobby( as I suspect it is for most) and it's been lean these past 15 months.

06-07-2021, 07:43 PM	#1029
cardsin47 Member Join Date: Sep 2020 Location: Westminster, MD Posts: 8,761 cardsin47	Paid $475 for one of these about 6 Months ago... Sent from my iPhone using Tapatalk __________________ @cardsin47 is Steve Meyer ~ #WaxReturns! PC Gem Mint Factory Sealed 5-Sport Active Player RC & Prospect SCARCE Hobby/ HTA Jumbo/ Retail/ Blaster/ Mega Boxes! ~Trout! Soto! JROD! Wemby! Luka! Mahomes! McDavid! Bedard! Erling!~

06-07-2021, 08:12 PM	#1037
MoreToppsPlease Member Join Date: Dec 2018 Posts: 8,676	This thread is constructed the same way a prospect hype thread is constructed. __________________ IRS Tax Tip 2022-57 A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making a profit.

06-07-2021, 07:33 PM	#1026
clocsta2323 Member Join Date: Feb 2010 Location: D.C. Posts: 6,844	I would have to have someone smuggle me into a top secret NASA round table discussing a voyage to Mars to endure this threads' amount of "expert" opinions. The lack of self awareness is alarming.

06-07-2021, 07:33 PM	#1027
Donkaylove Member Join Date: Jan 2014 Location: PNW Posts: 3,194	giannis cards dropping, fer sure.

06-07-2021, 08:08 PM	#1036
Middies31985 Member Join Date: May 2016 Posts: 965 mercer6huz Mercer85	I kind of get the feeling that right before the National will be the floor and then the hype will begin to ramp back up during and after the National with football season coming and the baseball season getting ready for the final stretch.

06-07-2021, 08:14 PM	#1039
Donkaylove Member Join Date: Jan 2014 Location: PNW Posts: 3,194	even the sports card investor guy is panicking....hilarious

06-07-2021, 08:23 PM	#1042
Donkaylove Member Join Date: Jan 2014 Location: PNW Posts: 3,194	next month everybody will want to trade giannis for KD....for sure-book it. Too many cards of trae and luka to accomplish worthy trades, all overvalued/getting dumped. Sellers galore next show, book that too.

06-07-2021, 10:04 PM	#1048
BaseballKing Member Join Date: May 2021 Location: I got banned from BO/God bless you all Posts: 1,941	Actually I don't hate myself for saying that. I grew up in a part of the world and in an era where conducting one's self in the manner that Mr. Sports Card Investor conducts himself was seen as both embarrassing and disgraceful. How times have changed.

06-07-2021, 10:09 PM	#1049
Canedude08 Member Join Date: Apr 2020 Location: Gilbert, Arizona Posts: 43 CanedudeCards	Anyone with an IQ above 70 saw this coming. The great news, maybe I can start drifting back into purchasing wax to break, instead of singles. The suckers are going to get weeded out, the people that bought the things they liked, and possibly a couple of things they saw value in(For me it was Tatis Jr. rookie autos), are sitting pretty.