The "hobby" itself will be fine in the long term. As long as there are people still interested in and playing baseball, there will always be people who will collect and value the cards and memorabilia we've grown to love. From the gist of his opening post though, the OP's title/question for this thread should probably more appropriately have been something along the lines of - "Sports Cards and Memorabilia Investing Resilience - Long Term".
There are currently too many people, with way too much money, invested and tied up in our "hobby" to ever let it just suddenly wither away and die on the vine, so to speak. The only way I could ever see our "hobby" truly dying out is if something like collecting cards was somehow discovered to be a direct cause of some absolutely fatal disease or illness, or the government, for whatever idiotic reason, suddenly decided to ban and make sports card collecting illegal. Even so, it would likely still survive (and likely thrive) on the black (or at least grey) market. It ain't going anywhere anytime soon. If I remember correctly, people still eat blowfish, and it was never hard to find a drink during Prohibition.
For this "hobby" to die out now, it would be indicative of a lot bigger problems and issues throughout the world, the least of which would be worrying about our "hobby" itself.
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