just thought i’d share as there’s no doubt his affect on our hobby after the first box break and videos with gary were substantial.
starts around 1:04:00
“going to sell one of them by cryptocurrency” sounds like he is going to do NFT or ICO
co-host says logan has “a bunch” of them
wonder if he got any of the recent public sales or if most were private and how many a bunch is
Knowing logan “a bunch” could either be 14 boxes or 0
If he sells one for BTC maybe I’ll be in. It would be easier to justify the price thinking about what I paid for the BTC. He’ll probably be at about 0.5 BTC or so I’d guess (~$20k as I type), whereas the last one was ~1.0 BTC ($11k at the time).
Damn Base 1st sealed has crashed hard to BTC.
My Unlimited PSA Charizards are sitting in ebay draft listing as we speak…
when even housewives or barbers start talking about investing in something, that is usually a sign to run
I doubt that American housewives will invest in anything but English Base - Team Rocket and maybe the latest hype set, so I’ll just keep staying clear of those. At least for “investment” purposes.
The niche stuff with slow, steady growth and more limited supply will be fine.
“Be fearful when others are greedy and greedy when others are fearful”. There is a lot of greed around in Pokemon and most markets in general for sure but it is definitely more focused in certain areas than others and there are still a lot of opportunities out there.
With respect to crypto it is insanely scary how much of it is built on greed. It is a wild ride though nonetheless. The small amount I put in a few years back that I was willing to 100% lose has somehow become enough that I have to pay at least a decent amount of attention to it.
like many other sectors, people said this about bitcoin at $1k, $10k, then the $20k run in 2018, they said it about pokemon in 2016, and now they are saying it now, they said it about tesla pre split $100, pre split $500, post split at $100, and post split at $500, and now post split at $800.
i don’t recommend trying to predict the future. be smart and manage your risk relative to you and you only.
buy everything with the expectation it could fall 25-50%
I work in the investments and finance space, and I can’t tell you the amount of people recently who have approached me asking about whether or not they should be getting into Bitcoin. This includes my mother, my plumber, and a doctor.
These things generally don’t shake out well as a result since the purpose of them buying in isn’t for the true purpose of Bitcoin, which is a meant to be a replacement of currency, or a medium for an exchange of goods. They would be buying with the intent of profiting from it.
Obviously I don’t have a crystal ball, and I think a lot of retail investors look at the recent price movements of Bitcoin and think they’re missing out on the next big thing — and maybe they are, who knows. The three things I always go back to:
Are they buying it because they truly believe Bitcoin is a better medium than cash?
Will we ever see volatility die down? Otherwise you’ll never see institutional investors buying
If I asked you whether or not you could get you paycheck in USD or Bitcoin, and you answer USD — then you’re not using it for it’s intended purpose and at that point it’s speculation
I should point out I’m not against investing in crypto currencies, I’ve recently sold what I had and maybe I’ll kick myself for it, but honestly I was alarmed with the amount of people who don’t do traditional investing asking about it. That’s usually not a good sign
People said it about a lot of things that failed too though. It’s easy to point out the top 0.1% of investment opportunities in hindsight. Survivorship bias is strong here and also prevents me from having a list so quickly come to mind of counterpoints. Back in 1999 though I’m sure some people threw out a list like this to pump the “sky is the limit” opportunities of beanie babies.
With you here, I’d just revise expectation to anywhere from 90-100% drop.
My involvement of Pokemon was a thing I did for fun and was seeded with <5% of my net worth at the time. Through all my time and effort as well as the markets appreciation it has surged to be an uncomfortable part of my net worth. Same goes for crypto as that was originally <1% of my net worth and was done truly as a complete gamble and now it is again a meaningful portion that requires a bit of thought.
Perhaps he wasn’t refering to all being 1st Ed base. Other first edition boxes are quite available and it’s no surprise he has some
later in the vid he says he is only focusing on base but yeah maybe he branched out on some
I feel like I’m having a deja vu of late 2017/early 2018. I’m sure some folks here remember what happened then.
It´s all fun and giggles until it crashes 80% and people calling it the biggest scam in history again.
What happened? I only collected modern at the time
The wave begins lol
What do you mean when you say there is a lot of greed around pokemon?
Is it greedy to have a desire to profit?
Funny. I have the same story. Had two clients come in the same day asking about bitcoin and when we would begin offering it. One was 88 and the other was 13 (came with his mom who was client). That day was December 8th, 2017. Knew at that point without a doubt that the crypto market was in trouble. The fundamentals have changed this time around a little bit (PayPal’s entry as an example) but it’s still as speculative as it ever was. I don’t know a single person who uses it as actual currency.
lol fascinating story!