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<p>[QUOTE="svessien, post: 4287520, member: 15481"]I think this should have been expected for the following reasons:</p><p><br /></p><p>- It is human psychology to gather resources when we feel threatened. This works sub-consciously, I believe. </p><p>- Stock markets are crashing and people sell everything. Increased liquidity affects the market, although people may have taken a loss. Even possibly because people have taken a loss, and choose to spend the money on something they like in spite of what some guy with a bachelors degree in repeating old theories said was «smart».</p><p>- People are at home, left to their computer screen. They don’t go to coin shows and the local coin store may be closed. Auctions are the best way to get coins now. </p><p>- Some may have a sense of fatality, thinking if they’re about to go, they’re at least going to have that long wanted tetradrachm. </p><p>- Boredom. Auctions are exciting, and stimulate the production of dopamine and adrenaline. </p><p>- Fear of inflation holding cash. They just got 2 trillion new reasons for that. </p><p><br /></p><p>During the last market meltdown in 2007-09, I was certain the coin market would be a wonderful buyers market. It was the opposite. Those that watch the art market trends have shown that the art market lags the stock market by 6-18 months. The coin market has a lot in common with the art market. </p><p><br /></p><p>Whether we will have inflation or deflation in the times to come, I share the idea that it’s good to have hard assets. However, I believe that over-hyped assets will look naked as the times get harder. </p><p><br /></p><p>My two cents.[/QUOTE]</p><p><br /></p>
[QUOTE="svessien, post: 4287520, member: 15481"]I think this should have been expected for the following reasons: - It is human psychology to gather resources when we feel threatened. This works sub-consciously, I believe. - Stock markets are crashing and people sell everything. Increased liquidity affects the market, although people may have taken a loss. Even possibly because people have taken a loss, and choose to spend the money on something they like in spite of what some guy with a bachelors degree in repeating old theories said was «smart». - People are at home, left to their computer screen. They don’t go to coin shows and the local coin store may be closed. Auctions are the best way to get coins now. - Some may have a sense of fatality, thinking if they’re about to go, they’re at least going to have that long wanted tetradrachm. - Boredom. Auctions are exciting, and stimulate the production of dopamine and adrenaline. - Fear of inflation holding cash. They just got 2 trillion new reasons for that. During the last market meltdown in 2007-09, I was certain the coin market would be a wonderful buyers market. It was the opposite. Those that watch the art market trends have shown that the art market lags the stock market by 6-18 months. The coin market has a lot in common with the art market. Whether we will have inflation or deflation in the times to come, I share the idea that it’s good to have hard assets. However, I believe that over-hyped assets will look naked as the times get harder. My two cents.[/QUOTE]
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