PWCC vault...explain

[chjh]

This industry will benefit from anyone providing innovation, price transparency, trust, and liquidity. The added market participants have squeezed AH commissions and increased the value of scarce, desirable cards.

Both of those are good for the collectors here that have been purchasing and collecting scarce, desirable cards for decades and are sitting on large gains.

Most scarce, desirable assets have been going up a lot in the last 10 years. It makes sense to me that cards would increase as well.

Some people move to Texas or Florida because there is no state income tax. Oregon doesn't collect sales tax on cards. It's rational for Oregon to do that and it's rational for a Vault company to locate there and create jobs.

I think the Vault service is a nice addition.

[Republicaninmass]

Originally Posted by chjh

This industry will benefit from anyone providing innovation, price transparency, trust, and liquidity.

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

[chriskim]

Originally Posted by Republicaninmass

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.

"people using money they dont have to buy cards??"

I am unaware of any loans or margin you can use on buying cards unlike stock market. Am I missing something? I don't want to miss the boat.

[Republicaninmass]

Originally Posted by chriskim

"people using money they dont have to buy cards??"



I am unaware of any loans or margin you can use on buying cards unlike stock market. Am I missing something? I don't want to miss the boat.

You mentioned in your post. Aside from credit cards to buy "panini boxes at dutch auctions" or bidding up the latest prospect on ebay with hope it can be refunded if prices fall, pwcc and auction houses are offering cash advances based on past sales. As well as credit from consignments to buy in the future auctions.

We will skip using PPP loans and stimulus to buy cards instead of stocking up on needs or adding to savings

Sent from my SM-N950U using Tapatalk

[chriskim]

Originally Posted by Republicaninmass

You mentioned in your post. Aside from credit cards to buy "panini boxes at dutch auctions" or bidding up the latest prospect on ebay with hope it can be refunded if prices fall, pwcc and auction houses are offering cash advances based on past sales. As well as credit from consignments to buy in the future auctions.

We will skip using PPP loans and stimulus to buy cards instead of stocking up on needs or adding to savings

Sent from my SM-N950U using Tapatalk

I completely missed this conversation. Now it "makes sense". This world is nut!