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<p>[QUOTE="svessien, post: 4287727, member: 15481"]As I can remember, the market was more quiet for some years after the financial crisis, but this was delayed. The Norwegian market, which I was following closely (in a false hope to get cheap coins) had a record year in 2010. 2008-09 weren’t cheap either.</p><p>Without having the records to prove it, I believe that the starting bids started to increase after that. That, I think, is a sign of a bear market. When people feel confident they will get a good price, you can have bid start at 1$.</p><p><br /></p><p>I appreciate the counter argument about liquidity from the stock market sell off. However, I think it’s important to remember that markets aren’t nescessarily rational. Just look at us: We are spending big money on buying old money that doesn’t work anymore. We hardly know the supply side on many of the purchases, and we accept a grading standard that is subjective.</p><p>Noam Chomsky has claimed that one of the fallacies when debating the capitalist society, is to consider it a «market of informed individuals making rational desicions». He claims that the opposite may be just as true, exemplifying it by the advertising industry: When marketing a good such as a car, the commercial doesn’t tell you much about the construction of the car, rather what kind of lifestyle people driving such cars have. I think he has a good point, and I think the term «market psychology» is being used assuming peoples behavior is rational. It very often isn’t. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I agree with the very likely coming bear market. Better save some cash for that.[/QUOTE]</p><p><br /></p>
[QUOTE="svessien, post: 4287727, member: 15481"]As I can remember, the market was more quiet for some years after the financial crisis, but this was delayed. The Norwegian market, which I was following closely (in a false hope to get cheap coins) had a record year in 2010. 2008-09 weren’t cheap either. Without having the records to prove it, I believe that the starting bids started to increase after that. That, I think, is a sign of a bear market. When people feel confident they will get a good price, you can have bid start at 1$. I appreciate the counter argument about liquidity from the stock market sell off. However, I think it’s important to remember that markets aren’t nescessarily rational. Just look at us: We are spending big money on buying old money that doesn’t work anymore. We hardly know the supply side on many of the purchases, and we accept a grading standard that is subjective. Noam Chomsky has claimed that one of the fallacies when debating the capitalist society, is to consider it a «market of informed individuals making rational desicions». He claims that the opposite may be just as true, exemplifying it by the advertising industry: When marketing a good such as a car, the commercial doesn’t tell you much about the construction of the car, rather what kind of lifestyle people driving such cars have. I think he has a good point, and I think the term «market psychology» is being used assuming peoples behavior is rational. It very often isn’t. :) I agree with the very likely coming bear market. Better save some cash for that.[/QUOTE]
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