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

[Nomad]

Jordan. Will come a time when the classic Nike shoe is the Probe Wemby. From my dim recollection, back in the late '70s common thought was that Dr. J would be a name eternal.

[eastbayak]

Originally Posted by tjforce

In can guarantee you they do...

And I'm not just tooting my own horn here... I have some hobby friends that do a better than me who got in on some big cards that are really popular right now and have made a substantial profit on. And I'm talking post 2021.

The days of buying up a card and watching it 3x in a month are mostly gone, but there are cards bought in 2022 or 2023 that are 2-3x out there. It's all about buying when things aren't trending and selling when they are.

I bought a 2024 card ($1650 shipped), approximately a month ago, that I can get a return of somewhere between 6-8x right now.

As I've always preached, there's MANY opportunities out there. And as long as there's still people in the hobby, there'll continue to be opportunities.

[hermanotarjeta]

If there is a bigger idiot who will buy your cards, money can be made.

[jcardstore]

Originally Posted by eastbayak

I bought a 2024 card ($1650 shipped), approximately a month ago, that I can get a return of somewhere between 6-8x right now.

As I've always preached, there's MANY opportunities out there. And as long as there's still people in the hobby, there'll continue to be opportunities.

This is called luck.

[hermanotarjeta]

Originally Posted by jcardstore

This is called luck.

From the McKing of the humble brag?

Nah.

He planned it from his supreme research skillz and grindz.

[Nomad]

Originally Posted by eastbayak

I bought a 2024 card ($1650 shipped), approximately a month ago, that I can get a return of somewhere between 6-8x right now.

As I've always preached, there's MANY opportunities out there. And as long as there's still people in the hobby, there'll continue to be opportunities.

You've been investing in Nesmiff too? Thought there was someone always bidding me up.

[hermanotarjeta]

Originally Posted by Nomad

You've been investing in Nesmiff too? Thought there was someone always bidding me up.

LOL, and I thought you exhausted the take.

[eastbayak]

Originally Posted by jcardstore

This is called luck.

I bought the card via eBay, it was available to anyone willing to hit the BIN.

It was a mixture of luck and experience. I was lucky that no one else hit the BIN on it before me and I knew that it was priced good because I previously sold an inferior card of that same athlete (from the same set) for the same price. It's also a rare situation because it's a 1/1 card and there was a bounty on it before it even reached my residence (which I only learned of after I had already purchased the card).

It's not often that you can see such return so quickly, especially nowadays, but it's still possible. In my opinion, there remains A LOT of opportunities out there because the hobby landscape is so large and you have a wide spectrum of hobbyists (which means a wide spectrum of experience/circumstances/etc). With so much variance within the hobby landscape, there'll always be opportunities because not everyone will want/need (or know the) market value.

Originally Posted by Nomad

You've been investing in Nesmiff too? Thought there was someone always bidding me up.

Hahaha!

[jcardstore]

Originally Posted by eastbayak

I bought the card via eBay, it was available to anyone willing to hit the BIN.

It was a mixture of luck and experience. I was lucky that no one else hit the BIN on it before me and I knew that it was priced good because I previously sold an inferior card of that same athlete (from the same set) for the same price. It's also a rare situation because it's a 1/1 card and there was a bounty on it before it even reached my residence (which I only learned of after I had already purchased the card).

It's not often that you can see such return so quickly, especially nowadays, but it's still possible. In my opinion, there remains A LOT of opportunities out there because the hobby landscape is so large and you have a wide spectrum of hobbyists (which means a wide spectrum of experience/circumstances/etc). With so much variance within the hobby landscape, there'll always be opportunities because not everyone will want/need (or know the) market value.



Hahaha!

But there being a bounty on it and you hitting bin has nothing to do with finding a good deal.

It was a total random chance event, which is not repeatable with any consistency

[eastbayak]

Originally Posted by jcardstore

But there being a bounty on it and you hitting bin has nothing to do with finding a good deal.

It was a total random chance event, which is not repeatable with any consistency

I should clarify, the bounty was put up AFTER I purchased the card and BEFORE it arrived to my residence.

With that said, you're right, it's a rare occurrence. But it happens, and this is a 6-8x scenario.

It's much easier to get 1-3x scenarios in a short timeframe within the current hobby landscape. One might not be doing that with $500+ cards all the time but one can do it, with decent consistency, with many $10-$100 cards. Do that enough and it's basically like doing it with a $500+ card.

[hermanotarjeta]

Originally Posted by eastbayak

I should clarify, the bounty was put up AFTER I purchased the card and BEFORE it arrived to my residence.

With that said, you're right, it's a rare occurrence. But it happens, and this is a 6-8x scenario.

It's much easier to get 1-3x scenarios in a short timeframe within the current hobby landscape. One might not be doing that with $500+ cards all the time but one can do it, with decent consistency, with many $10-$100 cards. Do that enough and it's basically like doing it with a $500+ card.

So it was plain luck.

Probably wasn’t even a basketball card.

Now we are relying on bounties for upside potential?

[ninjabum87]

I hearby declare a bounty of twenty five Canadian dollars for this year's prizm black 1/1 Aaron Nesmith.

[eastbayak]

Originally Posted by ninjabum87

I hearby declare a bounty of twenty five Canadian dollars for this year's prizm black 1/1 Aaron Nesmith.

I declare a $24.99 Canadian dollar bounty and hermano’s VIP treatment for the card!

[ninjabum87]

Originally Posted by eastbayak

I declare a $24.99 Canadian dollar bounty and hermano’s VIP treatment for the card!

Fine, twenty THREE dollars CAD... AND sole ownership of the Charlotte Hornets' team history and records to do with as you please.

[eastbayak]

Originally Posted by ninjabum87

Fine, twenty THREE dollars CAD... AND sole ownership of the Charlotte Hornets' team history and records to do with as you please.

I update my offer to $10 CAD for a picture of the card in a PSA slab….offer is contingent on it receiving a PSA 8.

[tjforce]

Originally Posted by eastbayak

I bought the card via eBay, it was available to anyone willing to hit the BIN.

It was a mixture of luck and experience. I was lucky that no one else hit the BIN on it before me and I knew that it was priced good because I previously sold an inferior card of that same athlete (from the same set) for the same price. It's also a rare situation because it's a 1/1 card and there was a bounty on it before it even reached my residence (which I only learned of after I had already purchased the card).

It's not often that you can see such return so quickly, especially nowadays, but it's still possible. In my opinion, there remains A LOT of opportunities out there because the hobby landscape is so large and you have a wide spectrum of hobbyists (which means a wide spectrum of experience/circumstances/etc). With so much variance within the hobby landscape, there'll always be opportunities because not everyone will want/need (or know the) market value.



Hahaha!

This reminds me of that scene in Rounders where his wet blanket girlfriend is trying to talk him out of pursuing poker


If it's just luck then how come the same people can continuously do well in this year after year, no matter the market?

[Nomad]

Ive been thinking we need a crossover poker show where players put high-end cards on the line.

[eastbayak]

Originally Posted by tjforce

This reminds me of that scene in Rounders where his wet blanket girlfriend is trying to talk him out of pursuing poker


If it's just luck then how come the same people can continuously do well in this year after year, no matter the market?

Because those individuals are very lucky haha

By the way, I should probably thank you for the purchase because I know you partially influenced me in buying it (with all your talk about identifying and pursuing rare/grail cards that have good-value in this or the Mahomes thread). Although it's currently part of my PC, who knows what the future brings. If I ever move it, cool to know that I can get a nice payout because I applied the "tj" philosophy.

[jkampis]

Originally Posted by jcardstore

You can feel however you want about LeBron but the market doesn't agree with you.

It is what it is

Well, to a degree the market does agree with him. It’s a fact that some people don’t like him. On the ground level, I can tell you that when people come in my store, I never hear a bad word about Kobe, but a fair amount of people speak derisively of LeBron, FWIW.

[Nomad]

It comes down to the generations in which he played. Who is the real hero there at the beginning... Carmelo Anthony? AI? Duncan? Jason Kidd? In the middle Curry, Durant? And now... Brunson? Brown? Tatum? Ant? Kyrie? Wemby?

For good or bad, he spans a few generations in collectors' minds. He is still fun to watch. Still has the respect of the young lions on the court and even the garbage timers. I'm not conflicted. I mean I refuse to collect a Laker, but there's that.

[jcardstore]

If Santa was real and I had 1 wish I would love for people who claim to be making so much flipping cards to have a real audit. Not so everyone else could see, but so they could see just how not amazing it is when you treat things like inventory instead of just having a “PC” for everything that won’t make money

[Nomad]

The convergence with your typical poker forum is saddening. So glad I stayed on the inherently unprofitable middie player collection quest.

[jcardstore]

Playing poker and flipping cards are not even remotely similar.

There is skill and knowledge required to flip cards but when you mix hobby and business it’s easy to just “forget” all the losses and socialize the gains

Poker is more luck or variance over shorter time frames but you can’t be profitable in the long without skill.

[Nomad]

this is exactly what skilled poker players would argue on the other side. I think that poker makes more sense. Because (to use a basketball analogy) the best hand is determined by how good the cards are in combination—a player plus the surrounding team.

Among sports collectors, the appeal is so broad that many don't realize they are gambling. Also printing dictates that stuff is allotted years ahead. They don't have a modern digital system of updating content either.

Primero example, Nesmith's Topps Chrome card, issued just before the '24-25 season starts, has his '22-23 stat line and way outdated career highlights. No company is immune to this. Prizm will not feature a breakout veteran until the next cycle, '24-25, hence no Deca of players who started balling out last season.

So... prices are stagnant as well. No one who follows the sport closely is interested in half the modern day players featured.


This "new" material was written when Nesmith was not even starting. I wouldn't collect this player either.

[jcardstore]

Originally Posted by Nomad

this is exactly what skilled poker players would argue on the other side. I think that poker makes more sense. Because (to use a basketball analogy) the best hand is determined by how good the cards are in combination—a player plus the surrounding team.

Among sports collectors, the appeal is so broad that many don't realize they are gambling. Also printing dictates that stuff is allotteed months ahead.

Nesmith's TC card has his 22-23 stat line and way outdated career highlights. Prizm will not feature a breakout veteran until the next cycle, 24-25, hence no Deca. So prices are stagnant as well. No one is interested in half the modern day players featured.

If I could compare the 2 it would be the card flipper would be analogous to the casual poker player.

It might *feel* like you're killing it because you only remember all the big wins you had but you'll never know because you don't treat it like a business.

Everybody is a genius and killing it when they post about it online because they never share any losses