Does the Silicon Valley Bank collapse affect the card market?

[TheFrenzy]

Originally Posted by boxbuster7

You are the son.

[rman112]

Originally Posted by mike1498

Is that really relevant? I'm 22 now but we were both alive during 2008 were we not? Did I miss Armageddon? Yeah it sucked if you bought in @2006-7 but arguably the longest bull run in history followed.

It was a compliment.

[mike1498]

Originally Posted by rman112

It was a compliment.

Oh thank you lol. I'm sorry to have assumed it was meant to be negative. I've had posters constantly in the past tell me how I was wrong simply because of my age and figured this was another one of those.

[rman112]

Originally Posted by mike1498

Oh thank you lol. I'm sorry to have assumed it was meant to be negative. I've had posters constantly in the past tell me how I was wrong simply because of my age and figured this was another one of those.

Haha. We're all going through it! It's all good, my man.

[49erRCCollector]

Originally Posted by mike1498

Oh thank you lol. I'm sorry to have assumed it was meant to be negative. I've had posters constantly in the past tell me how I was wrong simply because of my age and figured this was another one of those.

Well you were wrong about what Rman was trying to say. I blame your age.

[rman112]

Originally Posted by 49erRCCollector

Well you were wrong about what Rman was trying to say. I blame your age.

He's actually 92.

[rman112]

CBDC?

[fabiani12333]

Originally Posted by mike1498

That doesn't have to do with SVB. It has to do with the overvaluation of all assets. If you think it took a bank to fail for you to realize it wasn't worth what it was going for before, I don't know what to tell you.

If you bought in before the run up you will be fine. It's a correction not a collapse. People will still be buying but prices will be at more realistic levels. People on both ends are being dramatic.

Basic economics will tell you that firms enter and exit all the market all the time but in the long run it will find equilibrium. In the short term we were not in equilibrium but as long as you didn't leverage yourself too far these past couple years you will be fine and others will be as well. Everything else is deadweight.

I agree with the gist of what you wrote, but valuations were the product of market forces. Market conditions have changed, therefore prices and valuations have changed. The underlining reasons for SVB failing affects the market.

But a key thing that needs to be considered is the manipulation that was going on during the pandemic that created false impressions in the market and fraudulent market data. That's a big factor in why prices have dropped so much -- they were at least partially a product of pump-and-dump schemes.

[rman112]

Originally Posted by fabiani12333

I agree with the gist of what you wrote, but valuations were the product of market forces. Market conditions have changed, therefore prices and valuations have changed. The underlining reasons for SVB failing affects the market.

But a key thing that needs to be considered is the manipulation that was going on during the pandemic that created false impressions in the market and fraudulent market data. That's a big factor in why prices have dropped so much -- they were at least partially a product of pump-and-dump schemes.

FTX is somehow worse than imagined.

[mike1498]

Originally Posted by fabiani12333

I agree with the gist of what you wrote, but valuations were the product of market forces. Market conditions have changed, therefore prices and valuations have changed. The underlining reasons for SVB failing affects the market.

But a key thing that needs to be considered is the manipulation that was going on during the pandemic that created false impressions in the market and fraudulent market data. That's a big factor in why prices have dropped so much -- they were at least partially a product of pump-and-dump schemes.

I don't disagree with what you wrote. I also don't think the manipulation of these markets were hidden though. (If we want to stick with cards) How many threads has there been about shilling and alterations these last three years? While these will always be issues with in the hobby it's been especially prevalent with the recent new wave of people joining during the start of the pandemic. It's one of the reasons why the extreme growth over the last few years didn't seem real, because it wasn't.

So to the original point, no, the collapse of SVB really doesn't have much to do with the card market. The manipulation in pricing from shilling and alterations has a lot more to do with card valuations and its finally correcting.

If you are really that concerned about your investments its because you didn't open your eyes the last few years. I'm not going to sit here and tell anyone that I didn't do any investing, (because I'd argue if you were completely sitting out these last couple years you were also losing out on an opportunity to make a good amount of money) but if you completely overleveraged yourself then yes I would panic.

Business will continue to operate and a correction will happen.

[Brobocop]

Originally Posted by fabiani12333

I agree with the gist of what you wrote, but valuations were the product of market forces. Market conditions have changed, therefore prices and valuations have changed. The underlining reasons for SVB failing affects the market.

But a key thing that needs to be considered is the manipulation that was going on during the pandemic that created false impressions in the market and fraudulent market data. That's a big factor in why prices have dropped so much -- they were at least partially a product of pump-and-dump schemes.

What are the underlying reasons for SVB failing?


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[jplarson]

My credit cards have been working all weekend for what it's worth.

[Brobocop]

Originally Posted by jplarson

My credit cards have been working all weekend for what it's worth.

That’s just what they want you to think.

[jplarson]

Originally Posted by Brobocop

That’s just what they want you to think.

Fine by me either way

Free gas, brunches, and wine sounds good to me!

[fabiani12333]

Originally Posted by Brobocop

What are the underlying reasons for SVB failing?


Sent from my iPhone using Tapatalk

Interest rates rising, for one.

[Boo]

Originally Posted by jplarson

My credit cards have been working all weekend for what it's worth.

You are in Ukraine right now?

[jplarson]

Originally Posted by Boo

You are in Ukraine right now?

I'm not but interesting that the warning would be posted to a forum that notably lacks Ukrainians. Which is what prompted my earlier questions.

[rman112]

Originally Posted by jplarson

I'm not but interesting that the warning would be posted to a forum that notably lacks Ukrainians. Which is what prompted my earlier questions.

Does Half but never been count?

[rman112]

Hey Brobo, that Lion's Mane offer still stands.

[jplarson]

Originally Posted by rman112

Does Half but never been count?

Can you clarify this please? Why is half capitalized and what hasn't been counted?

[rman112]

Originally Posted by jplarson

Can you clarify this please? Why is half capitalized and what hasn't been counted?

No reason. I think it's all been counted.