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Originally Posted by Balticfox
It's called "perspective". It's useful when looking at prices.
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No actually it is called irrelevant. It had nothing to do with Phil's post. Phil's post did not call for perspective.
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Originally Posted by Balticfox
Yes, I've noticed. I'm sure I'm not the only one who finds it tiresome.
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You admitted to having no sympathy but you just told me you have no tolerance. You have been on here for just over a year and you are already irritated by this topic. Might be best to skip these threads however that would eliminate an opportunity to be snarky.
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Originally Posted by Balticfox
And you do realize that those of us such as Jingram058 and myself who are happy with lower prices are on the side of plenty for all. It's those who agitate for high prices who are on the side of scarcity. Would you cheer for scarcity if we were talking about corn or soybeans?
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Personally speaking, generally, I do not measure markets narrowly based on strong or weak markets. I have bought and sold plenty of real estate and cards in good and bad times. Timing a market is not my focus.
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Originally Posted by Balticfox
"Hopefully"? Why? Is there some natural right to be "in the black" on purchases of anything? Do you expect to be in the black on your car, refrigerator, stereo, etc? Those are for use you say? What about the stuff you never use, e.g. the socks you bought twenty years ago that you've never used? You say those aren't investments? Well neither are cards. See the lack of a dividend stream referenced by the previous poster.
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"Hopefully" was the word I picked to express a kind sentiment. Sorry that you were not able to recognize that. I think many hobbyists hope when they buy a card that it will appreciate. Doubt those same hobbyists expect their car, refrigerator, stereo or their socks to appreciate. And please tell me when something appreciating in value had to be an investment? Having a dividend stream might characterize something as an investment but absent the dividend, imo, an expenditure can still be an investment such as real estate.
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Originally Posted by Balticfox
Looking at it another way, do you pity the speculator on Wall Street who lost money buying at stock at a silly price because he was hoping somebody would quickly pay an even sillier price? I don't. That's the risk you take buying something which derives "value" only from the whim of other buyers.
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So now you are characterizing anyone who bought cards in 2021 as being silly? I think anyone who has experience and done their homework, knows there is an inherent risk with spending money on stocks, cards, etc. That does not mean you cannot express a little compassion towards them when there is a correction in the market.