I enjoy prospecting my Rockies (talk about a bad investment)
I enjoy it because they add to my collection and bring happiness. Regarding modern, I only collect what I enjoy, which is Rockies prospects and early Nolan Arenado cards.
There is No Doubt the Modern Prospecting world is a house of cards and it will tumble to zero.. Penny stocks is a great comparison. Most go to zero over time and a rare needle in the haystack pops now and then. The investors are hoping for the needle, collectors are just building for future enjoyment. (And doing so within a reasonable budget for that collector)
If that same guy in the story didn’t blow his 50K on a stupid purchase baseball card, he probably would have made a much better purchase with a non-fungible token of the same Austin Martin card. We can’t stop this and while I feel bad for all the people losing money they can’t afford....these are just hard lessons learned.
Now, Go Rockies! Our PR team says we have a chance at .500 ball this year
