📈Is the correction over? What cards look attractive with an upside potential?📈

[Nomad]

Was trying to fit a classic k-shape curve in with a basketball card scenario. Not saying it fit. But if we are saying that's happening, then it's about past due for exciting players of the now to get their due. And I am not referring to the current lottery (sic: rookie) crop.

Hence, buckle up.

Basically, turns out OP is saying some parts of market are going up and other parts down, which I guess is not a k curve. I mean Luka has been defying gravity for years.

[tjforce]

Originally Posted by ninjabum87

Here's how the psychology works.

"Oh ma gawd, just imagine if he was better than Lebron tho.... PCPtrade and TJForce will dap me up so hard in 15 years if that happens and I post this card to blowout.....should I do it? Fk it, of course I should."

-The mind of a degenerate rookie prospector, circa '24

Appreciate the shout out. But here's the thing that could be a lesson in all this:

-I bought my first LeBron (of any value) after he already had 2 titles
-I bought my first Mahomes after he already had a Super Bowl and MVP
-I bought my first Brady after he had 5 Super Bowls

I've also continued buying (and selling at the same time) these guys since the marketed peaked a few years ago, and have done well.

The point is, it doesn't have to be about getting in on guys early, it could also be more about getting in on the right cards before collectors create a market where they are all dried up. The problem is, you usually have to dedicate a lot of time and know what you are doing to do this.... or just be someone who is really sharp.

[Nomad]

Originally Posted by tjforce

getting in on the right cards before collectors create a market where they are all dried up.

can I frame this?

[yiguiri2002]

Damn, I never thought I would completely agree with Nomad but here we are.

2024 is crazy.

[boxbuster7]

Just as I was about to block nomad

[Nomad]

you might as well try and block Nesmith as he goes after Brunson on a hot drive to the basket.

[GOATcards]

Originally Posted by Nomad

had to look this up: "A K-shaped recovery is when one sector of the economy rebounds from a recession, and another sector of the economy continues to decline during a recession. A K-shaped recovery is possible due to the creative destruction of old industries due to the development of new industries and technologies during the recession."

So you are saying the old GOAT sector rebounds while the non-Wemby recent card segment continues to decline?

A K-shaped recovery is possible due to the creative destruction of old industries (old GOAT?) due to the development of new industries and technologies (changing of guard with a team other than Boston?)."

This season should be fun. Buckle up.

textbook k-pop to k-ration trajectory, if you ask me.

(Yeah, I know Nesmith ain't going anywhere. Would take another year for him to surpass even Mathurin and Nembhard on defense-discounted NBA 2K, where most collectors get their information).

do you not grasp how unappealing it is that you insert Neesmith into every possible discussion

[Nomad]

It's a reference point. You know, my personal example of where the knowledge is coming from. At this point I do it to head off the inevitable comment that follows, informing me that stock in my player will not be rising whatever recovery happens.

But it also brings up an interesting insight, that NBA 2K influences people's perceptions of players mightily and that the rankings favor offense elements. While ripping, Packman is always going oh yeah I know that old auto'd 90s player from video games (not watching actual NBA games) and I am sure that is not uncommon.

[kipgen]

Originally Posted by GOATcards

do you not grasp how unappealing it is that you insert Neesmith into every possible discussion

I enjoy it

All roads lead to Nesmith

[Torro]

Is anyone collecting low-end cards these days? Seems like the requirement for "PC" cards is that they need to be high-value cards. The price gap between common cards and the ones that are considered rare keeps growing and growing. Cars that are not available and hard to get have always been more desirable, but 10-20 years ago the gap was not that huge.

That leads to the question if people are more willing to throw huge money for some rare cards these days as it feels more of an asset or investment (something that could be more valuable in the future or at least holds its value)?

I know everyone here are saying cards are not investment / asset and they dont view their cards that way, but is it really the case? You are willing to pay 4-5 figures for one card (as you collect what you like right?) and skip everything that you can easily get for ~$10, and its a cool looking card of your favorite player that you collect. But you lean towards 4-5 figure cards just because you like it so much more? Or is there some type of future value expectation tied to this purchase?

[jcardstore]

Originally Posted by Torro

That leads to the question if people are more willing to throw huge money for some rare cards these days as it feels more of an asset or investment (something that could be more valuable in the future or at least holds its value)?

This is the lie people tell themselves to take on debt to buy high end cards, when in reality they just want them to show off online to prove to everyone how cool they are

A very small percentage of people are wealthy individuals who can actually afford them

[SidVish]

Originally Posted by jcardstore

This is the lie people tell themselves to take on debt to buy high end cards, when in reality they just want them to show off online to prove to everyone how cool they are



A very small percentage of people are wealthy individuals who can actually afford them

That sounds very sad.

Sent from my SM-S901U using Tapatalk

[jcardstore]

Originally Posted by SidVish

That sounds very sad.

Sent from my SM-S901U using Tapatalk

It's not exclusive to sports cards.

People buy stuff they don't need all the time to impress people they don't know

[Torro]

Originally Posted by jcardstore

This is the lie people tell themselves to take on debt to buy high end cards, when in reality they just want them to show off online to prove to everyone how cool they are

A very small percentage of people are wealthy individuals who can actually afford them

But I dont really think that people do it to show it off online, like really.. who is seeking some type of approval from random guys on some forums etc?

I believe the thinking is more like "oh wow this is gonna be huge iconic card down the road and look at the low pop etc, at some point I will be selling it on Goldin for retirement money (or at least its gonna hold value really well)" and then coming here saying "its not investment I collect what I like" ..yeah right

[jcardstore]

Originally Posted by Torro

But I dont really think that people do it to show it off online, like really.. who is seeking some type of approval from random guys on some forums etc?

I believe the thinking is more like "oh wow this is gonna be huge iconic card down the road and look at the low pop etc, at some point I will be selling it on Goldin for retirement money (or at least its gonna hold value really well)" and then coming here saying "its not investment I collect what I like" ..yeah right

Is this a serious question?

[jcardstore]

People might *believe* that whatever random card they buy is a solid investment and they'll "get rich" but the reality is that cards are terrible investments and you're gonna lose money 99% of the time

[jstephens24]

Originally Posted by jcardstore

This is the lie people tell themselves to take on debt to buy high end cards, when in reality they just want them to show off online to prove to everyone how cool they are

A very small percentage of people are wealthy individuals who can actually afford them

what do you consider wealthy? and whats high end?

[Torro]

Originally Posted by jcardstore

People might *believe* that whatever random card they buy is a solid investment and they'll "get rich" but the reality is that cards are terrible investments and you're gonna lose money 99% of the time

People said that to me back in 2005 and 2009 and 2014 etc, my grandmother asked why I collect and think there will be any value in pictures of black men (some Kobe and Lebron rookies for example), and yet here we are and those pictures of black men are selling really well even after 3 years of declining market

Im sure there was huge wave of people coming into the hobby around 2020 who believed cards were great investments (for that period your "lose money 99% of time" is most likely accurate), but as of right now, after 3 and half years of prices dropping are there still people who view it that way, or what makes people to go after PMGs, Kabooms and other hot cards, is it really that they like them so much, how big role does the "future value" plays in the decision making?

[jcardstore]

Originally Posted by jstephens24

what do you consider wealthy? and whats high end?

It's all relative but this is what I will say:

If you can't buy some card outright in cash, you're not wealthy enough to buy it and probably don't need it. but people are free to spend their (credit)money however they want

There are some exceptions obviously at the ultra high end since people are likely just borrowing against other assets. There are maybe a handful on these forums, Nat being 1.

[bkcardcollector]

loblo

[jcardstore]

Originally Posted by Torro

People said that to me back in 2005 and 2009 and 2014 etc, my grandmother asked why I collect and think there will be any value in pictures of black men (some Kobe and Lebron rookies for example), and yet here we are and those pictures of black men are selling really well even after 3 years of declining market

Im sure there was huge wave of people coming into the hobby around 2020 who believed cards were great investments (for that period your "lose money 99% of time" is most likely accurate), but as of right now, after 3 and half years of prices dropping are there still people who view it that way, or what makes people to go after PMGs, Kabooms and other hot cards, is it really that they like them so much, how big role does the "future value" plays in the decision making?

Don't worry virtually all cards will continue to drop in value.

Yes you can pick out the cream of the crop but even in that case they're illiquid and in the low-mid thousands range there just aren't that many real buyers.

Liquidity on low end is fine because you have a huge buyer pool, and in the ultra high end where the buyers are relatively price insensitive.

[tjforce]

Originally Posted by Torro

Is anyone collecting low-end cards these days? Seems like the requirement for "PC" cards is that they need to be high-value cards. The price gap between common cards and the ones that are considered rare keeps growing and growing. Cars that are not available and hard to get have always been more desirable, but 10-20 years ago the gap was not that huge.

That leads to the question if people are more willing to throw huge money for some rare cards these days as it feels more of an asset or investment (something that could be more valuable in the future or at least holds its value)?

I know everyone here are saying cards are not investment / asset and they dont view their cards that way, but is it really the case? You are willing to pay 4-5 figures for one card (as you collect what you like right?) and skip everything that you can easily get for ~$10, and its a cool looking card of your favorite player that you collect. But you lean towards 4-5 figure cards just because you like it so much more? Or is there some type of future value expectation tied to this purchase?

Any 4-5 figure card I'm buying has to meet at least 1 of 2 criteria:

1. I don't expect to be able to buy it for significantly cheaper in the future
2. If I pass on it now, I'll never be able to find it again (or at least for a long, long time).

I'm just not paying $5,000 for a card that I think won't hold any value down the line. $10, $20, $50? Sure. If there's an Omar Jacobs card I really need I buy it with the expectation that once it's in my collection its essentially worthless. But 4 or 5 figures? I definitely only buy with the expectation that it will at least hold value.

[kipgen]

Originally Posted by jcardstore

Don't worry virtually all cards will continue to drop in value.

Yes you can pick out the cream of the crop but even in that case they're illiquid and in the low-mid thousands range there just aren't that many real buyers.

Liquidity on low end is fine because you have a huge buyer pool, and in the ultra high end where the buyers are relatively price insensitive.

The liquidity problem is mitigated somewhat if you know who to sell to (repack companies or higher end dealers), sure you won't get full value on it but if it's appreciated from the point at which you bought it you'll still make a nice gain

As to your other points, yeah it's stupid to buy cards on leverage just like it's stupid to buy stocks on leverage, rolexes on leverage, etc etc

[eastbayak]

Originally Posted by Torro

Is anyone collecting low-end cards these days? Seems like the requirement for "PC" cards is that they need to be high-value cards. The price gap between common cards and the ones that are considered rare keeps growing and growing. Cars that are not available and hard to get have always been more desirable, but 10-20 years ago the gap was not that huge.

That leads to the question if people are more willing to throw huge money for some rare cards these days as it feels more of an asset or investment (something that could be more valuable in the future or at least holds its value)?

I know everyone here are saying cards are not investment / asset and they dont view their cards that way, but is it really the case? You are willing to pay 4-5 figures for one card (as you collect what you like right?) and skip everything that you can easily get for ~$10, and its a cool looking card of your favorite player that you collect. But you lean towards 4-5 figure cards just because you like it so much more? Or is there some type of future value expectation tied to this purchase?

I buy low-end (sub-$50) cards for my PC all the time.

Over the past 30 days, I've picked up 20-30 low-end PC cards. In the same period, I've picked up 4 cards over $100 ($110, $400, $725 and $1650).

I collect cards of all price ranges that I can comfortably afford. The most I've ever spent on a card is ~$4.6k. Even though I own a few 5-figure cards, I still find immense joy in my sub-$50 PC cards too. Such cards are still better than the cards I owned as a kid (many of which I still own and love).

I own cards, including non-high value, that I never imagined owning as a kid. I'm just thankful to own what I own, and can find joy in any card, regardless of value. I hit the value boxes as much as I check out the display cases at local card shows.

[GOATcards]

Originally Posted by jcardstore

It's not exclusive to sports cards.

People buy stuff they don't need all the time to impress people they don't know

like when i post my eye candy gallery to show off my taste