Magic Finance Thread

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mykonian
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Post Post #3 (isolation #0) » Sun Sep 22, 2013 8:35 am

Post by mykonian »

aren't you scared a thread like this will invite people unsuitable for speculation on cards to try their hand at it (with predictable results)?
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Post Post #11 (isolation #1) » Mon Sep 23, 2013 1:25 am

Post by mykonian »

In post 8, nhammen wrote:Or maybe being new to this, I am one of the aforementioned "people unsuitable for speculation on cards"?
If you ask the question you already know, don't you? Speculation is a simple idea. You buy, prizes rise or drop, you sell when high, you make free money. Where does the money come from? Someone is going to lose. And on top of that, there's an influx of cards. They get printed, after all. Every year hundreds of new cards come in, and it really doesn't matter wether they are reprints or not. If they are, the supply of perhaps a cool card you had in stock suddenly rises dramatically, suppressing the prize. If it's a new card, the things it does might render your cards obsolete. The supply and the possibilities of cards can only grow, and the amount of money that's going around in the second hand market should not be able to keep up with that growth in the long run. So it'll get spread out over more cards, which means that by holding on to cards you are playing a losers game, really.

And that's fine, to play a losers game. In the meantime you can have fun with your cards and that's worth something as well. But if you want to make money on it, you should really be sure you are ahead of the game and less then half the people that speculate can actually do that.
Surrender, imagine and of course wear something nice.

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