Why are people dumping?

[Justin7]

Originally Posted by jzx1103

Sure what you say could happen. I mean the reality is an economy bubble can happen at any time. My point is the current dip we see on some basketball cards has nothing to do with a sports cards bubble popping. Its pretty clearly your typical offseason dump of certain cards of certain players because they're no longer good flips in the next few months.

To put this in perspective the guy you are talking to said the entire card market would crash due to Corona in march and cards went up about 400% since then, I correctly predicted they would rise not fall due to the gambling money coming here and the rise of e-commerce. All e-commerce is up from Amazon FBA to Mercari to Ebay and it's not specific to sports cards. The ones being left behind are brick and mortar retail. Do I think we will see a normal economic correction at some point? Yes. Are we ever going back to pre-corona prices on either internet stocks or basketball cards? No.

[win1977]

Originally Posted by Justin7

To put this in perspective the guy you are talking to said the entire card market would crash due to Corona in march and cards went up about 400% since then, I correctly predicted they would rise not fall due to the gambling money coming here and the rise of e-commerce. All e-commerce is up from Amazon FBA to Mercari to Ebay and it's not specific to sports cards. The ones being left behind are brick and mortar retail. Do I think we will see a normal economic correction at some point? Yes. Are we ever going back to pre-corona prices on either internet stocks or basketball cards? No.

True, what I didn't predict is UBI. Now are we in a bubble economy ? Yes. Question is did you size your risk ? Or did you gamble ?

We are in a bubble economy right now. Sports cards, comics, stocks... it doesn't take a genius to buy something that is in a bubble... however your ecommerce darlings in the last 2 trading days can show a sliver of what would happen. I must say that a statement of us not going back to pre-corona prices on any asset is very bold. And the more I think about it, this is even a stronger thesis for why cards are most likely going to slow down. You have the "Jim Cramer's" yelling and chirping.. even a broken clock is right once a day.

You are much more of a gambler than I. I prefer to collect.

Key is to size your risk unless you have a small book, then it doesn't matter.

[Jopeal]

Is the T206 Wagner a bubble?

Win1977, you’re painting with extremely broad strokes.

I’m entirely convinced that people decrying ‘bubble’ are underestimating how many wealthy people there are.

That said, bass is not what’s up. But we’ve already addressed this and for all I know, I could even be wrong about that.

#1 Don’t overextend yourselves financially on cards, and low supply cards are more stable in general.

[Justin7]

I don't deem you worthy of a response.

[cardmole]

Originally Posted by win1977

True, what I didn't predict is UBI. Now are we in a bubble economy ? Yes. Question is did you size your risk ? Or did you gamble ?

We are in a bubble economy right now. Sports cards, comics, stocks... it doesn't take a genius to buy something that is in a bubble... however your ecommerce darlings in the last 2 trading days can show a sliver of what would happen. I must say that a statement of us not going back to pre-corona prices on any asset is very bold. And the more I think about it, this is even a stronger thesis for why cards are most likely going to slow down. You have the "Jim Cramer's" yelling and chirping.. even a broken clock is right once a day.

You are much more of a gambler than I. I prefer to collect.

Key is to size your risk unless you have a small book, then it doesn't matter.

[win1977]

Originally Posted by Justin7

I don't deem you worthy of a response.

I'd hope you'd exchange ideas. I always appreciate different perspectives.

Sorry if I came off as defensive.

But you are entitled to your opinion.

And that's what makes a market.

[win1977]

Originally Posted by Jopeal

Is the T206 Wagner a bubble?

Win1977, you’re painting with extremely broad strokes.

I’m entirely convinced that people decrying ‘bubble’ are underestimating how many wealthy people there are.

That said, bass is not what’s up. But we’ve already addressed this and for all I know, I could even be wrong about that.

#1 Don’t overextend yourselves financially on cards, and low supply cards are more stable in general.

Hello, well the whole market is a bubble at this point.

My whole thesis is to control your risk. Alot of folks on here have put up examples of cards that are falling.

I'd prefer folks just be aware, I've seen this sports card market crash and we are at the extremes at this point.

And I also monitor it so how bullish the sentiment is.

[win1977]

Originally Posted by cardmole

[win1977]

That being said... I'd be interesting in asking folks on here if you do believe things will bounce back what would drive that ? More QE ? Inflation?

I'd be interested in finding out how this can continue.

[byronscott4ever]

A broken clock is actually right twice a day...

[MRSPORTSCARD]

Originally Posted by Jopeal

Is the T206 Wagner a bubble?

Win1977, you’re painting with extremely broad strokes.

I’m entirely convinced that people decrying ‘bubble’ are underestimating how many wealthy people there are.

That said, bass is not what’s up. But we’ve already addressed this and for all I know, I could even be wrong about that.

#1 Don’t overextend yourselves financially on cards, and low supply cards are more stable in general.

T2O6 is a rare card, like Action Comics #1 is rare. We can't judge a hobby by extreme keys. I agree with Win1977. This is what a lot of collectors/speculators do as they bring up T2O6 and Action Comics #1 that are selling for huge money, but that has nothing to do with the overall markets.

[win1977]

Originally Posted by byronscott4ever

A broken clock is actually right twice a day...

Whoops..

[win1977]

Originally Posted by MRSPORTSCARD

T2O6 is a rare card, like Action Comics #1 is rare. We can't judge a hobby by extreme keys. I agree with Win1977. This is what a lot of collectors/speculators do as they bring up T2O6 and Action Comics #1 that are selling for huge money, but that has nothing to do with the overall markets.

I guess this would be a question of liquidity. The T206 Wagner or Action 1 are truly scare items.

I'd be interested in the overall general market..

Thanks for the info.

[Justin7]

My ego doesn't need stroking so I don't really need to explain everything to you, it's not worth my time. Stop putting words in people's mouths though, no one said anything would "continue", perhaps your definition of that differs from mine. I was right about the covid market and you were wrong. Not because of unpredictable factors but because of macroeconomic understanding that you missed out on. That's it. Remote markets were obviously going to explode with everyone home, this is a remote market. Sports betting gone but this open. It made so much sense. This was an easy and logical thing to figure out. People who took the other side of that were simply buying the media's fear which I never bought. No one can predict what will happen in the short-term now unless you can predict the election. I have no idea but I got what I got right and I made a lot of money off of it. Anyone sitting on the sidelines lost way more money than those of us who participated, even if the sports market went to 0 I still did better than those sitting on the sidelines. My current opinion is things could go up or down and therefore, I'm diversified.

Is this the inning to sit out? Maybe. But you already lost more by sitting the last inning out than I would if this inning goes poorly. If you're not in it for money, that's fine but don't criticize those of us who timed this stuff successfully. If you missed the 30 best days in the stock market from 1970-2020 you would miss out on 90% of the gains. That is to say, long-term bears lose, create "the bubble is bursting" threads every year and then cry they're right when the market finally goes down because a broken clock is right twice a day not once a day.

Those of us who simply hold long-term always win. I bought stocks on the same page of the thread when people here were liquidating their 401ks. They sold at the literal bottom. I feel bad for them. Their loss is my gain. I don't want this for everyone. Maybe things will go down short-term maybe not but be smart and don't panic sell or panic buy. You could do either in this market. The risk you take should be more determined by your age than your perceived ability to time the market.

[Josie27]

"I don't like that sports have become political" (also known as "DOWN DEEP I AM BIGOTED LOSER")

If only all those with this view would actually leave the hobby. Just a dream, just a dream.



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[pharmboymatt]

Originally Posted by Josie27

"I don't like that sports have become political" (also known as "DOWN DEEP I AM BIGOTED LOSER")

If only all those with this view would actually leave the hobby. Just a dream, just a dream.



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The bigoted losers aren't going to like this post.

[Jopeal]

Originally Posted by Josie27

"I don't like that sports have become political" (also known as "DOWN DEEP I AM BIGOTED LOSER")

If only all those with this view would actually leave the hobby. Just a dream, just a dream.



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good riddance. This thread was getting ridiculous and now it's gonna get deleted.

[Pacmeyer]

Originally Posted by Jopeal

good riddance. This thread was getting ridiculous and now it's gonna get deleted.

[k13]

In order to make profit you have to sell...

[vegetable]

Originally Posted by GeechQuest

It’s almost as if the stimulus money has run out and the US is facing a huge economic downturn.

Also, people made their money. Even now, most cards are still very much higher than they were so people are pulling profits.

If you’re a believer you can always buy (like you said).

i find it odd that you think 600 dollars a week went to 2000 basketball cards instead of people finding ways to live and eat.

how about people with comfortable money who suddenly had LOTS of extra disposable cash and few options to spend it on.

everything isnt poor peoples fault

[vegetable]

Originally Posted by Josie27

"I don't like that sports have become political" (also known as "DOWN DEEP I AM BIGOTED LOSER")

If only all those with this view would actually leave the hobby. Just a dream, just a dream.



Sent from my SM-N950U using Tapatalk

waaahhh stop doing your politics. you can only do my politics.

anything else hurts my fragile white ego

[Skunkbush]

Originally Posted by vegetable

i find it odd that you think 600 dollars a week went to 2000 basketball cards instead of people finding ways to live and eat.

how about people with comfortable money who suddenly had LOTS of extra disposable cash and few options to spend it on.

everything isnt poor peoples fault

My thoughts exactly. I don't understand the sentiment that people were using government cheddar to buy cards. These people were getting this money because they were out of work, it wasn't some bonus on top of current wages. People are trying to grasp at reasons why the card market skyrocketed and that's the worst reason of them all.

[mtt240]

I think what a lot of people fail to notice is that the $600 / week stimulus was much more than many were making when they were working. There are a trillion extra $'s in circulation, so that's going to inflate many assets, cards likely included


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[jw8]

Originally Posted by vegetable

i find it odd that you think 600 dollars a week went to 2000 basketball cards instead of people finding ways to live and eat.



how about people with comfortable money who suddenly had LOTS of extra disposable cash and few options to spend it on.



everything isnt poor peoples fault

People with comfortable money weren't receiving the $600 week.

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[theleica]

Originally Posted by mtt240

I think what a lot of people fail to notice is that the $600 / week stimulus was much more than many were making when they were working. There are a trillion extra $'s in circulation, so that's going to inflate many assets, cards likely included


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It should be pointed out that it wasn’t just $600 week. It was $600 plus whatever your state would give you for unemployment. I received $1195 a week ($600 federal + $595 state), which definitely helped me out, since my business went up in flames quickly. I wasn’t out buying cards with it but can see how some people might be. It allowed me to pivot my business model and I’m out working again.


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