tabcom Posted June 17, 2022 Share Posted June 17, 2022 On 6/16/2022 at 7:16 PM, sfcityduck said: Celsius is the current poster child. It has frozen $11.8 billion in customer assets. Celsius customers can't buy comics even if they wanted. Add Babel Crypto exchange to the growing list of SEC unregulated rehypothacated ponzi scheme scams. If you don’t own the wallet, you don’t own the coins. Back to comics, liquidity means money in your pocket ready to spend. The willingness to part with cash for comics is in question. Or will there be a crack up boom? Spend the dollars now because they will be worth less later. Mmehdy 1 Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted June 17, 2022 Share Posted June 17, 2022 (edited) On 6/17/2022 at 9:44 AM, tabcom said: Add Babel Crypto exchange to the growing list of SEC unregulated rehypothacated ponzi scheme scams. If you don’t own the wallet, you don’t own the coins. Back to comics, liquidity means money in your pocket ready to spend. The willingness to part with cash for comics is in question. Or will there be a crack up boom? Spend the dollars now because they will be worth less later. So might the books. Regarding the financial storm we are trudging thru, Warren Buffett said it best: ‘When the tide goes out, you get to see who is swimming naked." To continue buying books, or not. it’s a conundrum wrapped up in an enigma Edited June 17, 2022 by GreatCaesarsGhost Link to comment Share on other sites More sharing options...
Robot Man Posted June 17, 2022 Share Posted June 17, 2022 On 6/17/2022 at 8:13 AM, GreatCaesarsGhost said: So might the books. Regarding the financial storm we are trudging thru, Warren Buffett said it best: ‘When the tide goes out, you get to see who is swimming naked." To continue buying books, or not. it’s a conundrum wrapped up in an enigma Buy what you like at a price you can live with and you will probably never be sorry. Mmehdy and buttock 2 Link to comment Share on other sites More sharing options...
Mmehdy Posted June 17, 2022 Author Share Posted June 17, 2022 (edited) On 6/16/2022 at 4:16 PM, sfcityduck said: There are several major logic flaws in this analysis. First, Bitcoin is now down 70% from its high in November. It is an 18 month low. And it is bottoming out due, in part, to inflation fears - which does not bode well for an "investment" that was marketed as a hedge against inflation. So it is highly unlikely that Bitcoin owners are cashing out now to re-invest in other assets. Instead, they are liquidating in order to cut their losses, fund their lives, and pay their debts. Other crypto currencies are much worse off. Terra and Luna are worthless. Owners of those are losing their houses. There have been single days where crypto owners have lost over $200 Billion - in a single day! Second, the only way anyone accepts crypto today is through intermediaries who immediately sell the asset upon receipt. The way it works is Metro says the price on a comic is $100K. The buyer sends Bitcoin, for example, to an exchange who immediately sell it to get a cash dollar amount. The exchange then sends $100K to Metro and any excess amount back to the payee. Problem is, crypto exchanges aren't letting investors cash out. Celsius is the current poster child. It has frozen $11.8 billion in customer assets. Celsius customers can't buy comics even if they wanted. Third, the other reason no one accepts crypto except through intermediaries is that crypto is too erratic. Metro could accept the equivalent of $100K in Bitcoin on Monday and if they held on Tuesday that Bitcoin could only be worth $80K. And if Metro is using an exchange, they may accept crypto, but they will likely build into their price structure a premium to cover the exchange's percentage. So crypto is the opposite of a cash discount. So I really don't see a crypto CRASH enhancing the value of comics. It's sort of ridiculous to claim a crypto boom increases comic demand AND a crypto crash increases comic demand. The logic of the first assertion is that a crypto boom increases cash flow, the logic of the second assertion is that a crypto crash ... increases cash flow? Really does not make sense. I do not see flaws, just a general disagreement of of what is occuring and when. 1-Agreed Crypto is 70% down with bitcoin under 21K from a high of 67K. There are sellers and buyers of Bitcoin every day, currently there are more sellers than buyers hence excess supply is bringing the price of Crypto across the board down significantly . Given the overall negative downtrend of the stock market, the extreme volatility of bond and commodity markets, the stability of the GA/SA key and semi-key market will get the attention of those exiting all markets but especially Crypto with its huge paper losses, and thru as the current HA.Com Signature Auction is heading towards another 20 Million dollar plus result in real time today, we do not see the 70% Crypto and 30% stock market haircuts that those markets are currently experiencing. This market GA/SA amazing price stability has to be reflected with new money coming in to keep the market in its current state of price stability especially on the higher end books of the Ga/SA comic book world. The money is going somewhere and our current market stability will get some of those fund exit runoffs. 2-Money is money, the fact that Meto the largest retailer of higher end GA/SA books will accept it, either directly or thru a exchange is a major plus factor for someone who can now easily exit the downtrending Crypto and with a flick of switch be into outstanding Ga/SA....it is a very positive thing for our GA/SA market sustain current price levels. With the daily uncertainly of course that exchange availability will be subject to change and conditions. If the market recovers look for those holders who have held on for deal life, to cash out and come to stability of CGC graded GS/SA. 3-yes it is a up and down market, which within minutes can change, I see the fact that the customer would be responsible for the dollar sale amount the buyers responsibility to get that exact amount to Metro...I dont see a issue with that. 4- A Crypto crash is not increasing the value of comic books, it is stabilizing the very market itself from serious price correction every other investment market is experiencing including real esate ...keeping the current Ga/SA resale market by increasing demand for those books as the type of investor in Crypto is not the 65 year old retirement person living in a Florida retirement home community, but a hip, current market and in many instances new investor all together who thinks that the MCU is super cool.......and can relate to GA/SA as a true investment alternative. Edited June 17, 2022 by Mmehdy Link to comment Share on other sites More sharing options...
tabcom Posted June 17, 2022 Share Posted June 17, 2022 buttock and ThothAmon 2 Link to comment Share on other sites More sharing options...
Dark Knight Posted June 17, 2022 Share Posted June 17, 2022 On 6/17/2022 at 11:41 AM, tabcom said: Wrong section Link to comment Share on other sites More sharing options...
tabcom Posted June 17, 2022 Share Posted June 17, 2022 bellwether Link to comment Share on other sites More sharing options...
Mmehdy Posted June 17, 2022 Author Share Posted June 17, 2022 (edited) On 6/17/2022 at 11:41 AM, tabcom said: On costs basis you should have to add sales tax, plus shipping/insurance....here in Calif you would add like 10% to the sales price for actual cost and the current Ha auction at 20.4 M and counting is going to break 22 M when over which is pretty amazing given the economic headwinds....with another day to go Edited June 17, 2022 by Mmehdy Link to comment Share on other sites More sharing options...
fifties Posted June 19, 2022 Share Posted June 19, 2022 I always find it interesting to see the speculation of those who have no skin in the crypto game, downplaying it's efficacy. I do, to a reasonably large extent, and am averaging down my cost of BTC right now. Personally and speaking only for myself, I would have absolutely no reason to encounter an actual loss in selling my Bitcoin investment, or any part of it, in order to buy ancient comic books. It provides a weekly income stream, which is not something a tangible collectible asset can do, at least that I'm aware of. Keep in mind that the stock market has hundreds of virtually worthless penny stocks, just as the crypto market has valueless "coins". The overall market corrections are even hitting Southern California residential Real Estate listings, with sellers now cutting their asking prices. All markets fluctuate with continual ups and downs, so this is nothing new. Remember the old saw, "buy when everyone else is selling"? alexgross.com 1 Link to comment Share on other sites More sharing options...
Mmehdy Posted June 19, 2022 Author Share Posted June 19, 2022 (edited) $24,262,303.00 final Ha todays total....is simply an amazing final auction total number despite rough economic seas which currently abound . I think there is some spill off from the exit from those financial choices to GA/SA from those other markets in flux. This is a very good sign that the GA/SA market is very stable now and in the future. Edited June 19, 2022 by Mmehdy Courageous Cat 1 Link to comment Share on other sites More sharing options...
adamstrange Posted June 20, 2022 Share Posted June 20, 2022 On 6/16/2022 at 3:10 PM, Bookery said: I use a combination of GPAnalysis (esp. for bigger-priced items, and then I adjust my own formula for raw books) and Key Collector (less valuable items and certain variants) and sometimes cross-link directly with eBay sales. This latest updating involved over 800 value-line changes. In my area, sellers expect high percentages for their collections. I can't afford to be behind, esp. on falling prices, or I won't be in business for long. In the old days, it wasn't that big a deal... adjust a couple of times per year. Now, the markets are so volatile it takes up a huge amount of time. I last updated in April and figured I was good through summer. But in the past few weeks values for many issues have fallen so fast that I had to do another update already. You make being a comic store owner sound like work! Link to comment Share on other sites More sharing options...
Popular Post Robot Man Posted June 20, 2022 Popular Post Share Posted June 20, 2022 On 6/17/2022 at 7:44 AM, tabcom said: Add Babel Crypto exchange to the growing list of SEC unregulated rehypothacated ponzi scheme scams. If you don’t own the wallet, you don’t own the coins. Back to comics, liquidity means money in your pocket ready to spend. The willingness to part with cash for comics is in question. Or will there be a crack up boom? Spend the dollars now because they will be worth less later. Funnybooks, Mmehdy, Cat-Man_America and 3 others 3 3 Link to comment Share on other sites More sharing options...
Cat-Man_America Posted June 21, 2022 Share Posted June 21, 2022 (edited) On 6/20/2022 at 9:58 AM, Robot Man said: Bubble Rap Gotta pocket Crypto purse ridin' like a hearse Envy visible wallet with a crystal ball to call it Wheels on all the coin prime cuts to Sir Loin Bitza liquid money taste nothin' like the honey Token cash for comics hard workin' ego-nomics Throw'n shade boom or bust fuelin' rumor lust Doll czars all well spent to feed the guber mint My weird sense of humor at work & play here ..... Edited June 21, 2022 by Cat-Man_America Ale & bubble added! ThothAmon and tabcom 2 Link to comment Share on other sites More sharing options...
Popular Post Bookery Posted June 21, 2022 Popular Post Share Posted June 21, 2022 On 6/19/2022 at 9:32 PM, adamstrange said: You make being a comic store owner sound like work! It can be. Here's this week's collection pick-ups that still need processed... adamstrange, Joshua33, Cat-Man_America and 3 others 1 5 Link to comment Share on other sites More sharing options...
BLUECHIPCOLLECTIBLES Posted June 21, 2022 Share Posted June 21, 2022 On 6/19/2022 at 3:29 PM, Mmehdy said: $24,262,303.00 final Ha todays total....is simply an amazing final auction total number despite rough economic seas which currently abound . I think there is some spill off from the exit from those financial choices to GA/SA from those other markets in flux. This is a very good sign that the GA/SA market is very stable now and in the future. I don't know as much about other collectibles but it seems if memory serves that when there's been dips in the market comics have held steady or even increased, at least initially Link to comment Share on other sites More sharing options...
Robot Man Posted June 21, 2022 Share Posted June 21, 2022 On 6/21/2022 at 12:30 PM, Bookery said: It can be. Here's this week's collection pick-ups that still need processed... Is the Ark of the Covent or the Golden Fleece in there too? ThothAmon 1 Link to comment Share on other sites More sharing options...
fishbone Posted June 21, 2022 Share Posted June 21, 2022 On 6/16/2022 at 12:52 PM, D84 said: As long as there is money laundering, terrorists and drug dealers, crypto will be around. .......as will big money comic grails !!!! Link to comment Share on other sites More sharing options...
Popular Post Bookery Posted June 22, 2022 Popular Post Share Posted June 22, 2022 On 6/21/2022 at 4:38 PM, Robot Man said: Is the Ark of the Covent or the Golden Fleece in there too? No, unfortunately. When buying large collections, it pays to take the time to go through the boxes thoroughly. Turns out the left side is all Major Inapaks and the right side is cases of Alpha Flight #2. ThothAmon, Robot Man, bc and 2 others 1 4 Link to comment Share on other sites More sharing options...
Humpty-Dumpty Posted June 23, 2022 Share Posted June 23, 2022 On 6/19/2022 at 3:29 PM, Mmehdy said: $24,262,303.00 final Ha todays total....is simply an amazing final auction total number despite rough economic seas which currently abound . I think there is some spill off from the exit from those financial choices to GA/SA from those other markets in flux. This is a very good sign that the GA/SA market is very stable now and in the future. Until it isn't, which is likely going to be creeping up fast. MattTheDuck 1 Link to comment Share on other sites More sharing options...
Popular Post Joshua33 Posted June 23, 2022 Popular Post Share Posted June 23, 2022 On 6/16/2022 at 9:52 AM, D84 said: As long as there is money laundering, terrorists and drug dealers, crypto will be around. That's the narrative world governments will push, so they can outlaw it, then create their own, so they can track every nickel we all spend. I've always guessed crypto would fail, simply because governments couldn't control it. If they can't view it, they'll make mining it illegal. They'll gain support for that by stating that only drug dealers and launder sorts use it... then, they'll make you use theirs. KCOComics, PopKulture, Mmehdy and 2 others 5 Link to comment Share on other sites More sharing options...