CNN card story

swarmee · #1 02-14-2021, 05:03 PM

Another less-frequently mentioned issue is the possibility of the next MLB lockout. That's one thing that really killed the 1990s card boon; the strike-shortened 1994 baseball season.
Everyone's saying the demand is here to stay, but a strike showed everyone back then just how fleeting that could be.

And if bitcoin and the other digital currencies crash, it could pull a lot of easy money out of cards. A rising tide lifts all boats, but a low tide hasn't happened in a long time. We've basically been in a bull market for stocks since 2008.

Wanaselja · #2 02-14-2021, 05:18 PM

Quote:

Originally Posted by swarmee

Another less-frequently mentioned issue is the possibility of the next MLB lockout. That's one thing that really killed the 1990s card boon; the strike-shortened 1994 baseball season.
Everyone's saying the demand is here to stay, but a strike showed everyone back then just how fleeting that could be.

And if bitcoin and the other digital currencies crash, it could pull a lot of easy money out of cards. A rising tide lifts all boats, but a low tide hasn't happened in a long time. We've basically been in a bull market for stocks since 2008.

I completely agree on this point. Seems like the elephant in the room, especially for the modern speculative market.

Rich Klein · #3 02-15-2021, 06:43 AM

Quote:

Originally Posted by Wanaselja

I completely agree on this point. Seems like the elephant in the room, especially for the modern speculative market.

The baseball issue will be important but frankly a bit less important than in 1994. Baseball is still the leading part of the market but,,, the older rookie cards are in flavor as are soccer and basketball cards thanks to overseas interest. Football just signed a 10 year deal so they are in good shape.

And have you seen the Pokemon market?

Rich

Seven · #4 02-14-2021, 05:30 PM

Quote:

Originally Posted by swarmee

Another less-frequently mentioned issue is the possibility of the next MLB lockout. That's one thing that really killed the 1990s card boon; the strike-shortened 1994 baseball season.
Everyone's saying the demand is here to stay, but a strike showed everyone back then just how fleeting that could be.

And if bitcoin and the other digital currencies crash, it could pull a lot of easy money out of cards. A rising tide lifts all boats, but a low tide hasn't happened in a long time. We've basically been in a bull market for stocks since 2008.

I can't definitively say if Bitcoin will crash or not because I'm not knowledgeable enough about the subject. Still blows my mind that a currency backed by nothing is worth so much

Would be interesting to see if we get a repeat of history, if in fact we have another lockout again.

joshuanip · #5 02-14-2021, 05:33 PM

Quote:

Originally Posted by Seven

I can't definitively say if Bitcoin will crash or not because I'm not knowledgeable enough about the subject. Still blows my mind that a currency backed by nothing is worth so much

Would be interesting to see if we get a repeat of history, if in fact we have another lockout again.

It�s all about demand. Regardless of whether it�s code of 0�s and 1�s where you cannot request physical settlement, or pieces of paper with dead men on it (as my wife calls it). Off my soapbox, finished my workout. Take care guys.

Rhotchkiss · #6 02-14-2021, 05:55 PM

Quote:

Originally Posted by Seven

Still blows my mind that a currency backed by nothing is worth so much :confused

I contend that the US dollar, backed by the “full faith and credit of the United States Government”, which is wickedly insolvent and digging deeper with stimulus, is backed by nothing.

Wanaselja · #7 02-14-2021, 09:53 PM

Quote:

Originally Posted by Rhotchkiss

I contend that the US dollar, backed by the �full faith and credit of the United States Government�, which is wickedly insolvent and digging deeper with stimulus, is backed by nothing.

Yes.

Orioles1954 · #8 02-14-2021, 10:06 PM

Huggins and Scott Auctions has a sister company in the same building which is a card shop. It's been amazing to me to see all the different types of people buying in to the hobby. Tons of young people, many more women and people of color, folks from all walks of life. Their question is invariably "what should I invest in?" Fascinating.

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