Quote:
Originally Posted by japhi
The guy that paid 700K is thinking "that was a good use of buyers premium, nice to have my card back, let's try and sell a few more from my stack at around 500K"
These 700K sales are sellers with multiple 10's buying their own cards back to set a new high. There is no organic demand for this card at 700k or 500k. After every BS sale, the next one pops for 1/3 of the ATH.
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That is my thinking as well. Classic market manipulation/attempt to create FOMO.
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Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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