I’m seeing a large number of collectors hoping for a huge price dip due to the pandemic, but it’s not happening yet.
The common belief is that a large number of people are in over there head. That they and will sell at the first sign of financial burden. I mean that could happen to some degree, but on the other hand, people have spent years collecting these cards. Are they really going to sell prize possessions they may never be able to obtain again during a market dip?
Pokemon is an unregistered asset. I could default on my bills, claim bankruptcy and still keep all of my cards.
Regarding the Rudy video in question; he’s been telling people to stay the course. If you need to sell, he said people should sell all of their cards to him for 30/40 cents on the dollar and he will pay cash. I take this as sarcastic humor. Sure, sell your cards for pennies on the dollar if you are stupid enough, but everyone else should hold their position.
Right now we are experiencing record high prices. There will be a recovery period if the market dips. I do believe prices will exceed today’s record high prices. How long would that take? I have no clue as that’s very unpredictable.
I got back into the hobby in September of 2018 & thought prices were high then, man have they increased. Found some very good deals throughout 2019 & have built a nice collection, not to the degree of some in here but happy nonetheless.
I have about 90-95% 1st Ed WOTC (Expedition-Skyridge, too) & probably 70-30 9 to 10 ratio. I have maybe < 5 cards that are below a 9 grade.
My question is, if/when we do see a retrace… Is vintage the least likely to be hit severely, more particularly in the higher grades? In my mind, that’s what I’d assume but many of you are more seasoned than me.
I would say, if before WOTC was in a good spot for collecting, now it’s even better and will hold the testament of time way better than most modern stuff.
I’d like to take the chance to say that finding @smpratte channel was refreshing and the main reason why I decided to dig out my cards and get back into PTCG in early February, seeing the difference between a true collector vs a YouTube financial advisor who’s passing his previous bad investments onto the greater fools.
This is a BIG difference when it comes to the long term health of the community, which ultimately is what makes the prices go up as demand goes up.
Magic is way too toxic to newcomers, whether you just want to play or speculate.
Pokémon is in a very special place for all of us, which also shows how well they’ve handled the IP over 25 years, and why it’s the biggest media property.
Another point of data to hopefully keep people from stressing out too much, Nintendo stock is pretty much back to where it was Dec 31, while Hasbro is still down 30% over the same period.
Didn’t mean to make it sound like it was due to Pokémon alone, just that Nintendo knows how to play the long game with their IPs.It’s selling out the console too, which means there’s a higher chance of being exposed to Mario, Zelda and Pokémon, even if the entry point is AC.
I do agree with you that in the shorterm, the biggest hit will be on competitive cards since no one knows how the meta is going to be. As for longterm, no one can predict a thing.
Based on this theory. Do think that short term bump will come back down before it increases in the long term? I feel that some people might overextend themselves with purchasing. In a similar way there will probably be a lot of Corona babies becaues people have nothing to do and condoms are sold out in quite a few places. People don’t have things to do so they are buying. Short term there is an increase in eyes i.e. demand.
People are resilient. We’ve made it though depressions and world wars which all lasted for years. This few months is manageable.
As far as Pokémon is concerned, the vast majority of people in this community are bright and of some accomplishment. We will overcome (God, Ive always hated that saying) stronger than ever.