So I figured something similar was happening when looking back on the prices of Base set. I’ve wondered where everyone was suddenly getting money to afford these cards given the state of consumer debt. Do you guys feel something similar is happening with Old Pokemon cards?
Possible. People who are in Cyrpto are generally in 20s/30s and that would mean they were right in that sweet spot for Pokemon Nostalgia.
I think it is esp more in Magic though. I mean, Bitcoin’s biggest (only?) exchange for a while was an exchange called Mt. Gox which was orginally used to trade bitcoins for magic cards. I mean, it is “Magic The Gathering Online Xchange” is what Mt. Gox stood for. Def think pokemon got some of that crypto money but not as much as Magic.
I think this pattern is much stronger in MTG than Pokemon. “Investing” in MTG is much more established and fleshed out than in Pokemon.
I’d bet the Pokemon market has less than 10% crypto currency participation.
Pokemon increases.
2016-Pokemon GO
2017-Crypto
2018-
What will fuel 2018’s growth? GET ON IT PEOPLE! We don’t want this bubble to pop.
Pokemon shaped Tide pods?
He knows da wae!
Most boring video ever. He fit 2 minutes of info into nearly 20 minutes…which I’ll never get back.
10% good info : 90% garbage is a pretty good ratio for Youtube these days
Gotta fluff it out past the 10min mark to get that sweet ad $$$
I’m thinking along the lines of War in Turkey, North Korea, general political instability in developing nations, and the laughing stock that is the EU and UK PLUS U.S. tax cuts anyone?
I mean Apple was just handed $40 billion dollars from the slash in corporate tax structure. Walmart apparently got billions and they’ve announced bonuses and promotions along the lines of $300 million… Anyone reaping those incentives from work and putting them back into the TCG’s?
Two of my sons and several of my neighbors are getting nice benefits thanks to Trumps work. They really needed it:)
Ahhh…I see. Makes sense now lol.
It’s plausible that the rise in bitcoin prices coincides with the rise in ransomware attacks across the board. Magic and Pokemon cards are generally easy to sell and might represent a path for turning bitcoin into cash.
Rudy nailed this. Crypto hysteria caused a run on a lot of unregistered assets like Pokemon big time at mid/end of 2017 and the subsequent crash of Crypto at the beginning of this year was realized in the latest PWCC auction, the first auction for high end cards since Crypto crash.
Just look at PWCC 1st edition base set PSA 10 auctions from end of November/ beginning of Deceember auction they had and now. 20%-60% declines across the board. Some are stunning multiple thousand dollar declines in sale price.
I think though that the smaller dollar cards from what I’ve researched are picking up traction and actually accelerating upwards, which makes sense as smaller investors I don’t think are affected as much by large market swings and just want the cards. I track a random basket of cheaper cards all under $300 in value and those have had nice upticks since late last year.
For example I’ve tracked Charizard Unlimted Base Set PSA 8 since September and it’s steadily risen from $60ish dollars then so around $125ish now and continues to rise. Some are now breaching past $130.
I think what I’m trying to say is that people love to focus on the big boys for future price appreciation and the direction of the hobby but what I’m seeing is that while there is definitly 100% a market correction for the high value, scarce PSA 10 market, the lower tiered cards are as healthy as ever and that is great to see.