Money in the Hobby

[Snapolit1]

Originally Posted by packs

These threads get made out of fear, I think. And the fear is that our collections will cease to have buyers. Threads like this get made all the time and the discussion has taken place over and over again. That's because this fear is very real. But then every time the discussion takes place there's always people who pretend like everything is fine and have some counterpoint to every point someone makes re: the eventual demise of the value aspect of the hobby.

Listen, if these fears were totally unfounded this thread wouldn't be made so often. There's nothing wrong with accepting you've poured money into something that may one day have little value. Just sell soon and buy again later.

People like you were saying sell, sell, sell back in the early 70s when the Wagner card was probably selling for $10,000. How did that work out?

My uncle got out of the stock market in the 1970s because it was a Ponzi scheme and overvalued. How did that work out?

Everything is ALWAYS ridiculously over priced to someone. Sometimes the guy holding it does lose his shirt. And sometime he makes a fortune.

Some crazy ass painting that everyone on this board hated of a skull just sold in NY for something insane like $400 million dollars. I'm sure someone bought it for $1 million and people were giving him all the reasons why he just made the worst decision of his life.


But to just blankedly saying any thriving market is going to collapse decades from now is just guesswork.