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  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,619
    edited January 2023
    High-end products that which demand outweighs supply will always have high values.

    The intrinsic value of baseball cards is that there isn't any - there will always be value but it will always be relative to the overall market.

    The moral of the story, with any boom (whether it be crypto, baseball cards, cars, tulips in the 17th century, etc etc etc) is to be able to identify a bubble early enough to make money off of it. Beyond that there is no underlying value.
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    Jearlpam0925 said:
    High-end products that which demand outweighs supply will always have high values.

    The intrinsic value of baseball cards is that there isn't any - there will always be value but it will always be relative to the overall market.

    The moral of the story, with any boom (whether it be crypto, baseball cards, cars, tulips in the 17th century, etc etc etc) is to be able to identify a bubble early enough to make money off of it. Beyond that there is no underlying value.
    of course.  I've been dealing in cards for 35 years and understand the market.  What I had never seen was the covid spike of it.  That was intense.  Everyone wanted everything.  Dumbest thing I've ever seen.

    What is good about it is I will be able to purchase the deemed worthless tulips from people for cheap and sit on them until the next boom.
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,619
    Well yeah, people were bored & stuck inside, they needed something to do (with their money), this was prevalent everywhere.
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    Jearlpam0925 said:
    Well yeah, people were bored & stuck inside, they needed something to do (with their money), this was prevalent everywhere.
    Not like this.  People from all over hopped on the train and actually had the 3 main grading companies stop taking cards because of a backlog.

    Never has that happened.

    People also started buying more crypto and sent that into the stratosphere.

    NFT's?  People bought that crap too.  NBA Top Shots is the best example of it.  I didn't bother with it, though I should have bought and sold immediately if I did.

    People did try their take on puts and calls so maybe that was a good thing they spent their money on?
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    The influencers are working their magic again.  Will be a squeeze on RIVN...

    Lets see if they make it happen.
  • mrussel1
    mrussel1 Posts: 30,981
    tempo_n_groove said:
    The influencers are working their magic again.  Will be a squeeze on RIVN...

    Lets see if they make it happen.
    didn't RIVN just lose a bunch of executives after missing delivery numbers?
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    mrussel1 said:
    tempo_n_groove said:
    The influencers are working their magic again.  Will be a squeeze on RIVN...

    Lets see if they make it happen.
    didn't RIVN just lose a bunch of executives after missing delivery numbers?
    Yes.  That is why they squeezed it.  It made a run up to 20 and then they dumped it.

    RIVN I fully expect to drop to like 12 before anything goes up.  They can't keep anyone and that isn't good or execs just don't want to work on it.

    Great product, nice trucks.
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    The Squeeze is on.
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
  • GlowGirl
    GlowGirl New York, NY Posts: 12,271
    tempo_n_groove said:
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
    I never even learned that much about NFTs. But I do know that I never got my NFT Pearl Jam tickets that TM was supposedly giving us from the tour last year. Did anyone else?
  • mrussel1
    mrussel1 Posts: 30,981
    tempo_n_groove said:
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
    Did anyone here EVER believe in them?  I'm old school.  I like things that are tangible, have some level of scarcity and actually are worth something.  So that eliminates Bitcoin and NFTs from my portfolio.  
  • nicknyr15
    nicknyr15 Posts: 9,444
    mrussel1 said:
    tempo_n_groove said:
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
    Did anyone here EVER believe in them?  I'm old school.  I like things that are tangible, have some level of scarcity and actually are worth something.  So that eliminates Bitcoin and NFTs from my portfolio.  
    Couldn’t agree more with this. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    mrussel1 said:
    tempo_n_groove said:
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
    Did anyone here EVER believe in them?  I'm old school.  I like things that are tangible, have some level of scarcity and actually are worth something.  So that eliminates Bitcoin and NFTs from my portfolio.  
    I had convos with people that would tell me that it's not just the NFT but the program that's written for it is where the worth is.  I told these people that makes as about much sense as owning something you can't hold in your hands...

    So maybe I didn't "get it" but I got it.  I didn't invest one damn cent.

    Those NBA topshot things I am soooo glad it was such a pain in the ass to join and get so I missed out.  If I did I would have bought and sold immediately anyway.  They were never going to be a hold for me.
  • Poncier
    Poncier Posts: 18,031
    mrussel1 said:
    tempo_n_groove said:
    Does anybody here still believe in NFT's?

    I still think it's the dumbest thing people put money into.
    Did anyone here EVER believe in them?  I'm old school.  I like things that are tangible, have some level of scarcity and actually are worth something.  So that eliminates Bitcoin and NFTs from my portfolio.  
    Yep.
    This weekend we rock Portland
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,874

    those trump nfts are worthless now. people paid 100 bucks or something for them, and now they are worth like 4 bucks i think i saw a few weeks ago.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    gimmesometruth27 said:

    those trump nfts are worthless now. people paid 100 bucks or something for them, and now they are worth like 4 bucks i think i saw a few weeks ago.
    It's not just Trump NFT's that are worthless. Pretty much all of them are.

    What's funny is if you try researching them all these NFT websites pumping them come up, lol.
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,874
    tempo_n_groove said:
    gimmesometruth27 said:

    those trump nfts are worthless now. people paid 100 bucks or something for them, and now they are worth like 4 bucks i think i saw a few weeks ago.
    It's not just Trump NFT's that are worthless. Pretty much all of them are.

    What's funny is if you try researching them all these NFT websites pumping them come up, lol.
    yeah that is kind of what i was getting at. if the trump ones are basically worthless most of the rest of them probably will be too. 

    like someone said above, if it is not tangible i will not invest in it.

    seems like those websites trying to pump them up knowing they are a fool's investment might be doing something illegal. unethical at the least.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • tempo_n_groove
    tempo_n_groove Posts: 41,864
    gimmesometruth27 said:
    tempo_n_groove said:
    gimmesometruth27 said:

    those trump nfts are worthless now. people paid 100 bucks or something for them, and now they are worth like 4 bucks i think i saw a few weeks ago.
    It's not just Trump NFT's that are worthless. Pretty much all of them are.

    What's funny is if you try researching them all these NFT websites pumping them come up, lol.
    yeah that is kind of what i was getting at. if the trump ones are basically worthless most of the rest of them probably will be too. 

    like someone said above, if it is not tangible i will not invest in it.

    seems like those websites trying to pump them up knowing they are a fool's investment might be doing something illegal. unethical at the least.
    I was asking on here because I thought somebody was in to them.  I argued about them and could never get to why they liked them...
  • Halifax2TheMax
    Halifax2TheMax Posts: 43,130
    But have you heard about Hunter's laptop?
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