Comments on: Insider: 2014 New Years Resolutions https://www.quietspeculation.com/2014/01/insider-2014-new-years-resolutions/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:40:44 +0000 hourly 1 By: Sigmund Ausfresser https://www.quietspeculation.com/2014/01/insider-2014-new-years-resolutions/#comment-76997 Tue, 07 Jan 2014 14:10:40 +0000 http://www.quietspeculation.com/?p=42734#comment-76997 In reply to David Schumann.

David, I am glad you agree with the severity of the statement. My goal is not to imply there is doom and gloom ahead necessarily. I just want to point this observation out because I have seen this behavior lead to bubbles in the past.

Actually I just finished reading a book about the bubble leading up to the Great Depression, and a lot of the same language and behaviors overlap with the MTG Finance market today. Statements like “this card has to go up” reminds me of the over-confidence people had in the stock market. Likewise shady activity of market manipulation was also at a peak right before the Great Depression, and I see manipulation occurring today as well.

I suppose as long as people don’t take out loans to invest in MTG cards, we won’t be in as bad a shape as the Depression, but still I see some warning signs that lead me to believe that trimming back exposure and taking more profits off the table isn’t a terrible thing.

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By: Carl Tremblay https://www.quietspeculation.com/2014/01/insider-2014-new-years-resolutions/#comment-76947 Tue, 07 Jan 2014 02:35:37 +0000 http://www.quietspeculation.com/?p=42734#comment-76947 In reply to David Schumann.

That sounds a lot like me. I will probably sell/trade my standard esper list soon and stick to EDH. That is also the reason I’m here, to cut on deckbuilding cost. I’m not that short on cash but with a baby coming, you have to cut somewhere.

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By: David Schumann https://www.quietspeculation.com/2014/01/insider-2014-new-years-resolutions/#comment-76927 Tue, 07 Jan 2014 00:49:23 +0000 http://www.quietspeculation.com/?p=42734#comment-76927 “I am growing distrustful of the financial stability of Magic cards”. This statement is both disturbing and profound. A lot of us love this game and it’s proving itself a profitable enterprise, however, as you mention people are starting/trying to manipulate the market for their own advantage. While there are lots of cards in print, the number for sale at any given time is only a small fraction of all those available, however, a buyout by one person can cause a ripple effect big enough to cause card values to increase through artificial demand (created by said buyout). The individual costs of cards is starting to become a concern for the playerbase (I’ve talked with many players who won’t go outside of Standard/EDH because they fear they will be unable to play competitively due to cost).

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