Gotta say Scott’s view on this is on point and he addressed this once or twice in his videos. It’s so simple AND so obvious why the increase in price, decline in amount available, increase in budgets, increase in collectors, etc… Really it’s in plain sight, people still arguing about this goes EXACTLY to Scott’s point of not being able to adapt.
I wasn’t really questioning the increase in price per say. I’ve watched his videos and they make sense. It’s obvious the market is increasing and will continue its upward price increase moving forward. What I was questioning in my original post was not the increase in price but the decreased variance in prices available and the pace of price increase over a extremely short period of time (2 months or less). It’s hard to adapt to the market when the market is moving at such an extraordinarily fast pace to the point you can’t even sit down to try analyze market dynamics.
aww but whos collecting the base set in every language and variety so all four english prints, japanese, dutch, portuguese french german spanish 1999 and 1999-2000 verisons, chinese korean and italian 2416 cards altogther to get
Criminally underrated. I opened so many packs of Skyridge back in the day, I vividly remember pulling a holo Raikou that I wish I still had. The artwork is amazing. I’m searching for a reverse holo or holo rare one that’s PSA 9-worthy atm. I’m really not a fan of the e-reader pattern on the normal non-reverse cards.
This ‘tightening’ and decrease in price variance isn’t too surprising as people enter the hobby. With more buyers comes more sellers, more flippers, more investors … if there’s money to be made people will come for it.
More sellers will make the market more competitive and margins will tighten up, decreasing price variance. Here in Australia it’s easy to get an account with a distributor to get booster boxes and I’ve seen people on facebook already selling at razor thin margins in the race to the bottom.
More buyers mean you’re less likely to come across great deals because those too good to be true listings are going to be snapped up quickly if you got tens of thousands more people looking for them. There will also be less great buys posted as people become more savvy to the fact that they can probably get their BIN prices and list for more along with more people bidding up auctions. More bidders in auctions create more emotionally invested people which will get higher sales prices.
It wouldn’t surprise me if in a few more years there are almost no good deals on eBay for anything besides the current standard. It’s already at that point for MTG I don’t even bother looking for collections and cheap cards there anymore, it’s not worth the time. Like I’ve said before I see a lot of parallels to pokemon now where MTG was 5 years ago, this is probably only just the beginning.
Sorry for bringing an old post back to light, but in 2014 Apple did a 7:1 split where each share was converted into 7 shares. Therefore, using @swolepoke 's price of $45, would be adjusted for growth to about $1120 per share or about $6.42 dollars per share to today’s value of about $160 per share. Without asking Swolepoke to reveal any information, when he/she was in the 7th grade it would have been around 2005 for the only time that Apple was trading around that price; But they also did a 2 : 1 split in 2005 as well. So… If he/she was would care to post when they were in the 7th grade, I could give more accurate numbers. But for simplicity’s sake… I’ll assume it was post 2005.
Some fun numbers - $45 per share x 1000 shares = $45,000 would be worth $1,120,000 today. Not including dividends he would have gotten the last few years either. Dividends based on today’s price would be about ($17k a year) which is roughy the amount a 1st edition Shadowless Charizard would go for.
TL;DR - Swolepoke was missed out on a great opportunity to invest in Apple. Doesn’t mean it’s too late though. (;
During the market crash of 2009 I was 22 years old. I invested $5,000 at the time as a new investor. I ended up brining close to $17,000 back in one year of investing. But I was an idiot and sold some stocks way too early. For example I invested in Genworth Financial when it was $0.60 a share and sold at around $2.50. Had I waited 2 months it would have gone to over $16 per share and I would have made $120,000 in less than 5 months. Live and learn…
Now that’s sick.
Here’s my best story. A few years ago I had Ruby Slippers on GaiaOnline and traded them away for a slew of doctorates. I don’t have to tell you how brutal that decision was😡
While we’re here regretting things… I asked my mother to sell my collection ~10years ago, I was still a teenager then and just wanted a quick buck, not caring about Pokemon anymore at that time. All my cards sold for like 120$ combined. They were all in mint condition and I had multiple Gold Stars, Shinings, Crystals, etc. Still regret it to this day.
EDIT: And not mining bitcoins. I heard about them when they were really new, found the idea cool, but it sounded too much of a pain to do, so I didn’t. FML.
I got into bitcoins, but my lack of success can be blamed on the ASIC company (Butterfly labs). It took them 6 months to deliver my ASIC miner and by that time the bitcoin mining difficulty has skyrocketed and I barely broke even on the hardware instead of making insane profits.