Quote:
Originally Posted by ls7plus
Cashing in is what you should be doing--taking advantage of an obviously speculative boom. Collectibles simply don't increase in value that rapidly when the demand is coming from legitimate, knowledgeable collectors. When investors are selling to more investors, with substantial price increases at every step of the way, the trend lasts only as long as new investors enter the field. In the end, it is essentially a Ponzi scheme. When there is no legitimate COLLECTOR who desires and will keep, treasure and take pride in having the card at the price levels eventually reached, the bottom falls out, as mathematically it must. Value = Demand/supply, and if the demand has been formed by pure investors who have largely or entirely left the field, and thus depleted, the real value is what the legitimate collector, who remains and constitutes virtually the only source of demand, will pay for the card at the end of the day! Put your money in quieter, more truly rare and significant areas of the hobby.
Hoping you all do well with your collecting,
Larry
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if i was in it for the money, id agree.
did i buy the 68 ryan 9 @ $72k?
of course not.
am i fool for not cashing in the ones i have now?
probably.
will i sleep tight if they come tumbling back down to $35K?
i think so.
would i sleep tight if i got $72k each for them but felt like i sold my soul?
probably not.
did i think the card in an 8 was undervalued?
sure did.
did i scoop up a bunch of 8's for well under $3k?
damn right i did.
do i think the best way to bump a card is to submit 10 plus examples and go for the 8.5 or 9?
i sure do, with several examples to back that theory up.
did i cash in on those bumps?
nope.
am i worried one way or another?
not a single bit.
do i think these prices will be sustained and continue to double/quadruple weekly, monthly?
already said no.
do i think they will return to the price point before all this bs started?
no. and neither does 70% of the board.
and finally for the record, have i started threads like "koufax 7 now a $3K card", "nolan doubles", " 63 rose 7", "hysterical" and pepper just about every thread w/ negative comments and conspiracy theories w/o providing one solid piece of concrete evidence?
nope.
i even threw a few cards up to gather an unbiased opinion and see if there were any red flags to this so called buying group theory.
felt like i was combing the desert w/ the black guys and the pick in space balls.
but it did get old. and quick.
hell, i tried to consolidate them and have an honest debate out it.
ya literally have to bounce around 8+ different threads to even attempt to keep up.
again, the poll speaks for itself.
edit: sorry, that figure is 76.31% as of 11:43pm on 6/16/2016.
of course, it's probably being manipulated by some polling group...