Quote:
Originally Posted by chjh
This industry will benefit from anyone providing innovation, price transparency, trust, and liquidity.
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The (current modern) Industry is propped up on false hope, ilegimate past sales, and people using money they dont have to buy cards the dont want, to sell before aninterest payment is due, to a greater fool.
We are in the mid to late innings of an " ARKK' disruption " boom. Where past valuation doesnt matter. Prices keep going up and the exuberance becomes more and more irrational each day. New investors to the game see their neighbor making a fortune and the shoe shine boy is recommending sportscards.
I wont be wrong, but I might be early calling the top here