Old Guard says Market Bubble vs New Guard says Market Correction. What say you? 1 1

[RedGiant]

3 minutes ago, valiantman said:

You should throw CGC 8.0 onto your ASM #300 for a real surprise.  

Do tell

[GeeksAreMyPeeps]

On 5/4/2021 at 10:49 AM, Dr. Dank said:

Yeah but paper money is backed by squat as well. It won't be crypto causing a crash, it'll be people not believing the system anymore.

The whole thing is nonsensical, but as long as my job  pays me in a way that feeds me and keeps a roof over my head, I'll play.

BTW I don't own any crypto, just fascinated by both sides of the fence on what constitutes currency. Hell, some societies used stones with holes in them at some point 

Paper money is backed by the governments that recognize them, and they have nuclear weapons. Elon Musk can tweet about Bitcoin and Dogecoin all he wants, and he's richer than anyone I know will ever be, but for all of his wealth, he doesn't have nukes. That's the difference.

[MetalPSI]

Just now, GeeksAreMyPeeps said:

Paper money is backed by the governments that recognize them, and they have nuclear weapons. Elon Musk can tweet about Bitcoin and Dogecoin all he wants, and he's richer than anyone I know will ever be, but for all of his wealth, he doesn't have nukes. That's the difference.

Already went over this.

Myanmar has a drug dealer for a government right now because they bought the army and kill anyone who opposes them.

We don't call them drug dealers and a government because it's impolite. 

Paper, electronic, bitcoin, its all the same. It has intrinsic value in that you have to believe it has value. The second you don't, it's worth less than the paper its printed on.

Take electricity away for a week and see how people really live.

[OuterBanks]

On 5/3/2021 at 9:29 PM, NewWorldOrder said:

I dont think the hobby as a whole is talking about those books.  More so the keys and semi keys.

Not getting your stock market remark.  Generally comics have outperformed the stock market since I graduated from college back in 2003, at least for the average investor.  Stock market has never outperformed any of my CGC invoices. 

Stock market is absolutely killing it - more so than comics - SP500 in 2003 was less than 1,000.  It pays dividedens and you don’t have to pay taxes on your gains (ROTH IRA, Reverse ROTH etc.).  Nasdaq has done even better.

[the blob]

4 hours ago, VikramK said:

Stock market is absolutely killing it - more so than comics - SP500 in 2003 was less than 1,000.  It pays dividedens and you don’t have to pay taxes on your gains (ROTH IRA, Reverse ROTH etc.).  Nasdaq has done even better.

He is not talking about buying and selling slabs. He is talking about finding a cheap raw, maybe pressing it, and then getting it slabbed. There is a whole lot more expertise going on with that than picking the right books, and luck. 

[the blob]

8 hours ago, Dr. Dank said:

Already went over this.

Myanmar has a drug dealer for a government right now because they bought the army and kill anyone who opposes them.

We don't call them drug dealers and a government because it's impolite. 

Paper, electronic, bitcoin, its all the same. It has intrinsic value in that you have to believe it has value. The second you don't, it's worth less than the paper its printed on.

Take electricity away for a week and see how people really live.

Are you really comparing Myanmar to the USA or the European Union in terms of currency stability/confidence?

I probably have more cofidence in bitcoin than the Myanmar currency, i don't disagree,

[MetalPSI]

10 minutes ago, the blob said:

Are you really comparing Myanmar to the USA or the European Union in terms of currency stability/confidence?

I probably have more cofidence in bitcoin than the Myanmar currency, i don't disagree,

It's a government. With currency 

[MetalPSI]

I dunno.

Say the US turns into an dictatorship and starts putting people in labor camps. You going to stay because they have nukes or you going to find somewhere to immigrate?

[the blob]

16 minutes ago, Dr. Dank said:

I dunno.

Say the US turns into an dictatorship and starts putting people in labor camps. You going to stay because they have nukes or you going to find somewhere to immigrate?

ok. if that happens I probably won't last long enough to get out. i have said a lot of things on facebook.

[Ride the Tiger]

On 5/3/2021 at 5:34 PM, Ken Aldred said:

Whether it's a bubble or a correction, I can afford neither.

So, pragmatically, stressing about a definition has become quite pointless to me.

I was going to read thru this thread to come up with a response but nothing says it better than what was quoted.

[the blob]

5 minutes ago, the blob said:

ok. if that happens I probably won't last long enough to get out. i have said a lot of things on facebook.

my wife is working on her italian citizenship, but the last e-mail from the company that does these things basically made it sound like we'd need to make a bribe to move it forward as, conveniently, all the relevant family birth records are in a condemned building in sicily they can't get into...

 

[WolverineX]

13 minutes ago, the blob said:

my wife is working on her italian citizenship, but the last e-mail from the company that does these things basically made it sound like we'd need to make a bribe to move it forward as, conveniently, all the relevant family birth records are in a condemned building in sicily they can't get into...

 

Really, it's that corrupt over there?

[the blob]

8 minutes ago, Wolverinex said:

Really, it's that corrupt over there?

maybe i am just assuming that is what they're hinting at

they need the birth records for her great grandfather or something.

[WolverineX]

13 minutes ago, the blob said:

maybe i am just assuming that is what they're hinting at

they need the birth records for her great grandfather or something.

that sucks.  The stereotype is that things are controlled by mafias there, right? Wonder how true that is. 

[RedGiant]

11 hours ago, valiantman said:

You should throw CGC 8.0 onto your ASM #300 for a real surprise.  

@valiantman okay, you got me to bite, but not seeing much of a difference compared to the 9.2-9.8 books - are you seeing something I'm not?  There wasn't as much early data on 8.0s as people weren't submitting them at as high of a rate then (I'm assuming).

[valiantman]

7 minutes ago, RedGiant said:

12 hours ago, valiantman said:

You should throw CGC 8.0 onto your ASM #300 for a real surprise.  

@valiantman okay, you got me to bite, but not seeing much of a difference compared to the 9.2-9.8 books - are you seeing something I'm not?  There wasn't as much early data on 8.0s as people weren't submitting them at as high of a rate then (I'm assuming).

It's been a while now, but I remember doing an analysis a few years ago where the assumption was the 9.8 was "the way to go" when it was actually CGC 8.0 that was far and away the highest return... for a 1980s comic.  I was shocked, but obviously, not shocked enough to remember the specifics. 

[the blob]

1 hour ago, Wolverinex said:

that sucks.  The stereotype is that things are controlled by mafias there, right? Wonder how true that is. 

It is sicily. I have no idea about other places. Italy is a beautiful place to visit 

[the blob]

15 minutes ago, valiantman said:

It's been a while now, but I remember doing an analysis a few years ago where the assumption was the 9.8 was "the way to go" when it was actually CGC 8.0 that was far and away the highest return... for a 1980s comic.  I was shocked, but obviously, not shocked enough to remember the specifics. 

I got a vf 300 for $3.50 and another one for $15 in like 2003 in ebay, so yeah, upside for sure

[the blob]

Just now, the blob said:

I got a vf 300 for $3.50 and another one for $15 in like 2003 in ebay, so yeah, upside for sure

Of course I also got a slabbed 9.4 for $65. I had 3, I couldn't keep one??

[RedGiant]

33 minutes ago, valiantman said:

It's been a while now, but I remember doing an analysis a few years ago where the assumption was the 9.8 was "the way to go" when it was actually CGC 8.0 that was far and away the highest return... for a 1980s comic.  I was shocked, but obviously, not shocked enough to remember the specifics. 

Goes back to my earlier point, perspective and timeframe.  IF you were looking at 2013 through 2020, then, 9.8s have outperformed, and 8.0s were roughly the same outperformance.  If you look at 2012 through 2020, then 9.8s are king, 8.0s fared better than 9.2-9.6, but not as well as 9.8s.  Long term everything is about the same.  Short term (2021 year to date) 9.8s are the weakest performer (which did surprise me).  I was also surprised that long term 9.8s did not outperform.

Edited May 6, 2021 by RedGiant