If I'm Goldin, there is absolutely no way I'd be openly promoting the fact that Deshaun Watson invested in us.
Trading cards are cool again
21–30 of 94 posts
Re: Trading cards are cool again
#22As someone who has been into cards and collectibles all my life, the past few years have been wild to say the least. What we saw in 2020/early 2021 was really a classic bubble - FOMO buying pushing prices to unsustainable levels. Then throw in the grading shutdown caused by backlog of new collectors and investors sending in millions of garbage base cards for grading, clogging up the grading companies, plus profit tak…
> sending in millions garbage base cards for grading, clogging up the grading companies
reading this, I honestly can't believe the separate higher standards levied at NFTs. that's the whole thought.
Re: Trading cards are cool again
#23Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Imagine if Elon Musk selling Tesla was the pin that pricked the everything bubble, hah. https://twitter.com/elonmusk/status/1457064697782489088?t=t-...
1. Use bots to vote yes
2. Short TSLA
3. ???
4. Profit
Re: Trading cards are cool again
#24Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Thing is everything feels frothy because people haven't reset their mental model on what the dollar is actually worth. Over the past year or so the Fed took every pre-pandemic dollar in your pocket and made it worth about 70-80 cents. PPIA (Post-Pandemic Inflation Adjusted) the values on a lot of things are just fine.
Re: Trading cards are cool again
#25Earlier quoted context omitted.
Imagine if Elon Musk selling Tesla was the pin that pricked the everything bubble, hah. https://twitter.com/elonmusk/status/1457064697782489088?t=t-...
Or it's going to pop regardless and he readily senses the insanity of being worth ~$340b on paper as so many others also sense it ($315b gain in two years), and is using a ridiculous poll as a Musk-style ridiculous cover to finally secure some tangible wealth outside of the paper bubble valuation on Tesla (and to a lesser degree, SpaceX) and the large pile of debt-as-living ($6b and climbing) he's having to maintenan…
Oh yeah, I absolutely think his intention was to sell from the start.
His brother just sold a large chunk on Friday... totally not coincidental.
He's also frequently made jokes about how overvalued the stock is... definitely knows it's totally mispriced/overvalued.
Makes sense to diversify a bit either way. It may tank bigly before he can even sell though. I'm sure many will try to front run. But who knows, let's see.
Re: Trading cards are cool again
#26Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Thing is everything feels frothy because people haven't reset their mental model on what the dollar is actually worth. Over the past year or so the Fed took every pre-pandemic dollar in your pocket and made it worth about 70-80 cents. PPIA (Post-Pandemic Inflation Adjusted) the values on a lot of things are just fine.
There is (was) this concept of "cinema ticket based" inflation index that linked consumer level effective inflation to the price of one entry for a movie across the years. I wonder if anyone has published a somewhat large scale estimation of the "post pandemic inflation" adjustment from a collection of these (consumer level) frothy assets.
Re: Trading cards are cool again
#27At the beginning of the most recent lockdown in my city I had been introduced by a friend to magic (specifically commander), and I had played enough with him to have started to be annoyed at how often I was losing - so I went out and bought a couple of decks. My girlfriend and I were immediately hooked, and have been playing every other day since then (2-3 months now). Now that the lockdown has lifted I am able to play with my friend, as well as introduce the game to other friends. It's a lot of fun and I've only scratched the surface of the game; as an example we have only been playing with preconstructed decks, while most people will design a deck and purchase the required cards. I think the game design really lends itself to being enjoyed by programmers: building a deck is about looking for combos/synergy between cards, high level play requires knowing the exact way that turns resolve and how/when you can respond to other players actions.
I think there has been a lot of stigma around tcg for a while, but the truth is it is just fun.
As an aside, my gf has been collecting Pokemon cards. The high premium for a Charizard is known as 'the lizard tax' by the community, which I think is hilarious.
Re: Trading cards are cool again
#28At the beginning of the most recent lockdown in my city I had been introduced by a friend to magic (specifically commander), and I had played enough with him to have started to be annoyed at how often I was losing - so I went out and bought a couple of decks. My girlfriend and I were immediately hooked, and have been playing every other day since then (2-3 months now). Now that the lockdown has lifted I am able to pl…
> I think the game design really lends itself to being enjoyed by programmers
Interestingly, Magic is turing complete.
Re: Trading cards are cool again
#29Absolutely everything is frothy right now. I wouldn’t make any long term conclusions from the markets today, since this seems like an exceptional time. That is to say, I think the “bull case” for many things atm are heavily tainted by irrational exuberance.
Thing is everything feels frothy because people haven't reset their mental model on what the dollar is actually worth. Over the past year or so the Fed took every pre-pandemic dollar in your pocket and made it worth about 70-80 cents. PPIA (Post-Pandemic Inflation Adjusted) the values on a lot of things are just fine.
Even if there were a direct relationship between printing and inflation, this wouldn't make sense. Pokemon cards aren't up 25%, which is what you'd expect if dollars were worth 80% as much and everything rose to accommodate. Pokemon cards are up way way way more than 25%.
Re: Trading cards are cool again
#30From scanning this, it sounds like the author is specifically talking about sports trading cards, most characterized by baseball cards. This market certainly went crazy price-wise but then, as the author pointed out, tanked. It basically tanked because everyone started collecting the cards. Like any collectible market, it mainly took off to begin with because no one was collecting these things and keeping them in min…
> It's impossible to predict where this market will go just like any collectible market because it's so driven by market sentiment.
As someone who knows little about trading cards or "markets" in general I guess, how is this different than any other market? Seems like everything is driven by market sentiment, even things like toilet paper from time to time.