Comic Book Coin is Coming! 0

[BeachBum]

Good Luck you do seem nice. Go charm some old ladies you might get farther.

 

[jaybuck43]

Gatsby77 I'm sure you're aware but Scott and I both brought up regulatory and tax issues for a very specific reason. If a bunch of friends get together and pool their money together to buy a Tec 27 to flip in 5 years that's all fine and dandy, no issue. But as soon as you start soliciting the public to invest in that group, there becomes a litany of regulations and forms that become involved (trust me I spent a good chunk of the morning wrestling with those forms)

 

 

[JTBGOOD-migration]

Hey, maybe we will just use both and let everyone decide for themselves.

Decide what, exactly? The value of their investment? I always figured when you have an investment fund the actual real world value of your share is always available. A real world amount that can be cashed out. Do you have that? Or is it "You gave me fifty dollars, here's some comics, decide for yourself what they're worth. And no, your assets cannot be liquidated. Thanks."

 

 

I'll stick with Acorns

 

I don't know what you mean. Decide which service is more accurate. Because, you don't know and I don't know what the next comic exactly will sell for. You must be one of the few people here who don't collect comics books, but the prices can be extremely volatile. The last sale on GPA tells me nothing but one data point. Was that a big auction with many bidders or a light one with few? You may not realize this, but that makes a huge difference. Comic books with few sales are difficult to get pinned down to an exact figure. Using as many data points and services as possible might be the best way to go is all I was saying.

 

You are also unfamiliar with investing I see. That is not how closed-end funds trade, for example. Many "investment funds" in "the real world" as you put it, trade at prices far above and far below the value of the underlying assets. Furthermore, many bond fund numbers are made up out of nearly nothing but guesses -- literally.

 

You stick with your acorns. Look, I appreciate everyone's questions and concerns, but let's not just make things up. For those of you who just don't understand it or plain just hate it, that is fine.

 

 

The good news is that it is over within hours, so we will see what happens. But, whether it is a success or the bomb that many of you predict, I promise not to be cluttering your board up with posts about Comic Book Coin. Hopefully, I can come back and write about comic books instead!

[JTBGOOD-migration]

What about the value difference ! they get there hands on a book for $100.00 but there value method shows the book is worth $400.00 worth of coins where does that 300.00 difference go? Sooner or later there will be a deficit.

 

Yes, any price guide is problematic in that way. As I mentioned earlier the opposite happened when I was looking at a bronze age book a while ago (it may have been Batman #251, but I can't recall) where the price guide was way, way below the actual sales prices of the book. So, it works both ways and comics pricing is not perfect as I am sure you are well aware.

 

But, actions speak louder than words and time will tell if the proper actions are taken.

[jaybuck43]

So I read your site. I definitely need to know a little bit about you because the words you are using are words, that's for sure, but none of them make sense in the order you use them.

 

Could you please state some facts as to why we should invest $5,000 (the approximate conversion price of 1,000,000 Comic Book coins) to you? What guarantee is there that the currency will have any exchange value following its release? What are your qualifications to manage a $5,000 hedge of funds to purchase comics that will increase in value and raise the value (and dividends!) of the stock excuse me coin?

 

 

[paul747]

Good Luck you do seem nice. Go charm some old ladies you might get farther.

 

 

 

 

 

[BarryAllen]

Hello all -- I'm back.

 

First let me say that I appreciate a few of you who have said kind things about me in the last few pages. Even a small thing like he's wrong, but he seems like he would be good forum member (I'm paraphrasing) was like a fresh cool breeze on a summer's day -- because you guys on this forum have put me through he wringer!

 

--- First let me address the regulation issue one more time and then I am going to drop it. There are coins worth millions of dollars right now, as we speak, that are using this exact structure and have for years. One coin alone is worth nearly $3 million. Those of you familiar with the crypto world know that I am telling the truth. I have just copied that formula using comic books.

 

--- A number of you seem particularly concerned about the tax consequences of a possible dividend that may occur in two years or so. Yes, it would be considered a taxable event as would selling your coins for a profit as would selling any comic books you personally own for a profit. In fact, selling anything for a profit is a taxable event (almost). Of course your individual circumstances, including your tax bracket has to be considered as well.

 

--- Let me step back for one second and reiterate that I didn't come here to promote the coin. Tonic's Comics made an announcement that he was displaying the comic books and that was about it. This was just a day ago or so, with the coin releasing tomorrow. I made most of my announcements (at various places) last week so to give people a heads up early. The reason I bring this up is that there appears to be a misunderstanding. Comic Book Coin is really geared to a large degree toward crypto fans who are also comic book fans. It is purposefully something different and yes, fun. Many of you are lifelong collectors with very valuable comic book collections and it is unfathomable to you that anyone would let someone else collect comics for them. That is completely understandable. It would be wonderful to have some of you, with your knowledge and experience, become part of the CBC community. And I hope some of you will try it out. We sure would love to have you. But, it is also understandable if some of you don't want to participate.

 

---Please keep in mind that something like this will require time. This type of coin requires action, not talk. CBC will either do what they say they are going to do or they will not. It will become very clear, very early whether or not CBC plans on carrying out their goals. Either comic books will be purchased and displayed or they will not. Well, you get the idea.

 

---Finally, let me address what may puzzle me the most about your comments. As an aside, and you may find this interesting, I have talked with many people, in person, forums, emails etc over this last week or so and not one -- not one -- has ever asked me about Comics Price Guides accuracy versus GPA. Nor have they expressed their concern over Avengers Annual #7 as you guys have. So, let me see if I can explain myself in a better fashion as it clearly sticks in many people's craw.

 

---We believe that 9.8 graded Avengers Annual #7 is going to go up in value over the next few years, by quite a bit. However, this book was purchased as more of a gesture than anything. It's a fairly common comic, even in that grade. But, as the coin wasn't out yet, it seemed like a nice comic to get started with. It featured both The Avengers and Thanos, both extremely well known entities thanks to the movies. Plus, it would allow us to use that comic to illustrate to newbies both the grading system and the CGC system of enclosing books. That comic book was added before there were any coins released, so its value should not matter, but more on that in a moment. However, is it CBC's goal to collect relatively new comic books that are also relatively common? No, it is not, but it is a good book that we believe is going to rise in value in that grade. Hopefully, the CBC collection will get progressively rarer and more valuable as time goes on. But, the bottom line is profit. We are going to look for comic books that we think will make CBC money. Their age and rarity will play into that, naturally, but that is not always what goes up in value at any moment in time. So, while that comic book may not reflect the future collection, it does not preclude CBC from choosing similar books, if they have good profit potential.

 

---I think I have figured out why you guys are so concerned with using Comics Price Guide to "value" comic books rather than GPA. If I get your comments correctly, you think that Comics Price Guide is not just garbage, but that it always overinflates the price. Therefore, if we use them as a gauge on the website, it would mislead new people regarding the value of the collection. So, in your view a say, $10,000 collection as valued by Comics Price Guide would only really be worth say, $8,000 by GPA standards (to use random numbers). I am not sure you are correct, but I could be persuaded. I looked up quite a few (I don't know, 15 or 20 or so) before I even wrote that on the website and I found them more alike than I expected. But again, and for the thousandth time (exaggeration), if Comics Price Guide proves inadequate, then we will switch. Hey, maybe we will just use both and let everyone decide for themselves.

 

--- I hope that answers the bulk of the topics on the forum. I realize that I will not be able to convince some of you on nearly anything regarding the coin, But, for those of you who are interested, thanks for reading along.

 

Seriously, this is moronic. You have no idea what you are doing, zero concept of who you are talking to and obviously a very over-inflated opinion of the level of your intelligence. Your reasoning is suspect, your cited references are essentially "Google" and you have been shot down...multiple times.

 

No one wants to buy into your fake coin, take part in your scheme, watch others get swindled or play with you on the playground.

 

Please for the love of (insert deity here) get some help.

[BarryAllen]

Time: Wednesday, January 14th, at Noon U.S. Eastern Time, 17:00 GMT.

 

Initial Coin Release: 1 Million

 

Price: TBD (approximately .33 XRP or .000021 BTC or one half of one cent U.S.Dollar)

 

 

Buy-in while it is hot!!!!

[IchigosSoul]

Time: Wednesday, January 14th, at Noon U.S. Eastern Time, 17:00 GMT.

 

Initial Coin Release: 1 Million

 

Price: TBD (approximately .33 XRP or .000021 BTC or one half of one cent U.S.Dollar)

 

 

Buy-in while it is hot!!!!

 

So does this mean a CGC 9.8 Avengers Annual 7 is worth $5,000?

 

[JTBGOOD-migration]

So I read your site. I definitely need to know a little bit about you because the words you are using are words, that's for sure, but none of them make sense in the order you use them.

 

Could you please state some facts as to why we should invest $5,000 (the approximate conversion price of 1,000,000 Comic Book coins) to you? What guarantee is there that the currency will have any exchange value following its release? What are your qualifications to manage a $5,000 hedge of funds to purchase comics that will increase in value and raise the value (and dividends!) of the stock excuse me coin?

 

 

Whoa. There are absolutely, unequivocally zero, none, and less guarantees that the currency will have any value whatsoever. Anyone with that thought should stop even thinking about this coin, and for that matter any crypto coin at all. The market will decide the price of the coin -- period. Full stop.

 

--- Now, separately from the market trading of CBC, let's say for the sake of argument that CBC raises $1,000 (to use easy numbers), goes out and buys approximately $1,000 in comic books and the coin just slowly fades downward to a total value of say, one dollar. Well, at that point, in the unlikely event that no one buys those coins and interest has just gone away, then we can just sell the comics, pay out everyone's share of the proceeds and call it a day. The coin will then close up shop and we all move on to Comic Book Coin 2 (kidding! ).

 

But, that is very different from any guarantees of any trading value or day-to day market price of the coin. They are two separate concepts. If there is confusion on that part, then please don't even think about getting any CBC.

 

--- As for "qualifications" to run a "hedge fund", I have quite a bit actually, but that is besides the point, because this is not a hedge fund. There will be no hedging, or leveraging or any other investment strategies employed which are commonly associated with hedge funds. Now, if you mean what qualifications do I have to buy comic books for CBC, I have none, especially as I am not sure what they would be. This has never been done before quite like this for comic books that I am aware of. I am not some famous collector or anything, if that is what you mean.

 

--- And, finally, there is also no guarantee that any comic books will increase in value. Comic books are notoriously finicky and volatile commodities. Both short-term and long-term valuations can depend on many factors in both micro and macro terms. A simple uptick or downtick in the economy, for example can be a factor which alters prices, not to mention what may happen to certain individual comics. Anyway, you all get the idea.

[kav]

Key books are not volatile-AF15 for instance has steadily climbed in value

[MetalPSI]

Hey OP, do yourself a favor. Get a real job, that pays money. You'll have to work, I know, God forbid some lazy piece of has to get up on someone else's whim to make a dime, but hey, that's how it goes.

 

Quit littering this place with your nonsensical trash thoughts.

[G.A.tor]

Ahem,

 

See the discussion of the now-defunct comicshares.com (albeit minus the Crypto overlay) here:

 

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3874807&fpart=1

 

In particular, G.A.tor's comment on page 3:

 

the general concept is sound....

say for instance, that in 2008 you and 6 buddies got together and each ponied up 10K towards a nice restored action 1 (maybe the 68K copy from heritage)... 2 years later, that book would easily sell for $100K.... so, your 10K "investment" has a real world value of $14K+....a 40% return in 2 years... not bad...

 

Another pearl of wisdom:

 

if run by the "right" folks, then the concept is sound.... obviously, from viewing this site, these are not the "right" folks

[MetalPSI]

Dunno, this sounds more like a timeshare than an investment.

 

Give me a TV and I'll consider it for a hour

[MrBedrock]

Anyway, Avengers Annual #7 is irrelevant

That might off a few comic fans.

 

This is wayyyy off topic but did you ever post pics of the new store location after you finished?

I don't think I have. We just opened two weeks ago. We posted a bunch of photos on the Facebook page.

[kav]

How bout a coin that is actually a comic book with little pages inside?

[HighRadArt]

Anyway, Avengers Annual #7 is irrelevant

That might off a few comic fans.

 

This is wayyyy off topic but did you ever post pics of the new store location after you finished?

I don't think I have. We just opened two weeks ago. We posted a bunch of photos on the Facebook page.

 

Ok. I'm a conspiracy geek and got rid of my facebook account a while ago (big brother is watching you).

[jaybuck43]

So I read your site. I definitely need to know a little bit about you because the words you are using are words, that's for sure, but none of them make sense in the order you use them.

 

Could you please state some facts as to why we should invest $5,000 (the approximate conversion price of 1,000,000 Comic Book coins) to you? What guarantee is there that the currency will have any exchange value following its release? What are your qualifications to manage a $5,000 hedge of funds to purchase comics that will increase in value and raise the value (and dividends!) of the stock excuse me coin?

 

 

Whoa. There are absolutely, unequivocally zero, none, and less guarantees that the currency will have any value whatsoever. Anyone with that thought should stop even thinking about this coin, and for that matter any crypto coin at all. The market will decide the price of the coin -- period. Full stop.

 

--- Now, separately from the market trading of CBC, let's say for the sake of argument that CBC raises $1,000 (to use easy numbers), goes out and buys approximately $1,000 in comic books and the coin just slowly fades downward to a total value of say, one dollar. Well, at that point, in the unlikely event that no one buys those coins and interest has just gone away, then we can just sell the comics, pay out everyone's share of the proceeds and call it a day. The coin will then close up shop and we all move on to Comic Book Coin 2 (kidding! ).

 

But, that is very different from any guarantees of any trading value or day-to day market price of the coin. They are two separate concepts. If there is confusion on that part, then please don't even think about getting any CBC.

 

--- As for "qualifications" to run a "hedge fund", I have quite a bit actually, but that is besides the point, because this is not a hedge fund. There will be no hedging, or leveraging or any other investment strategies employed which are commonly associated with hedge funds. Now, if you mean what qualifications do I have to buy comic books for CBC, I have none, especially as I am not sure what they would be. This has never been done before quite like this for comic books that I am aware of. I am not some famous collector or anything, if that is what you mean.

 

--- And, finally, there is also no guarantee that any comic books will increase in value. Comic books are notoriously finicky and volatile commodities. Both short-term and long-term valuations can depend on many factors in both micro and macro terms. A simple uptick or downtick in the economy, for example can be a factor which alters prices, not to mention what may happen to certain individual comics. Anyway, you all get the idea.

 

I advise you to contact a team of attorneys immediately. If this actually goes live tomorrow then you are going to need them.

[MrBedrock]

Anyway, Avengers Annual #7 is irrelevant

That might off a few comic fans.

 

This is wayyyy off topic but did you ever post pics of the new store location after you finished?

I don't think I have. We just opened two weeks ago. We posted a bunch of photos on the Facebook page.

 

Ok. I'm a conspiracy geek and got rid of my facebook account a while ago (big brother is watching you).

There is definitely a conspiracy of some sort. Right after we posted the photos folks started showing up at the door to buy stuff. It was pretty weird...and cool.

[01TheDude]

Anyway, Avengers Annual #7 is irrelevant

That might off a few comic fans.

 

This is wayyyy off topic but did you ever post pics of the new store location after you finished?

I don't think I have. We just opened two weeks ago. We posted a bunch of photos on the Facebook page.

 

post a few in the forum as well please as many of us cannot stand facebook and do not use it.