Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Are coins in a BUBBLE?
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 2400117, member: 13650"]Thanks to whoever bumped this 2014 thread. Was an interesting read this a.m.</p><p> </p><p> Been seeing these charts for years and I'm always amazed at people's need to see a snap shot to cover the entire coin market in order to dictate how they feel about it. Maybe there's some value to it? Maybe if you own whatever specific items are included in the data. </p><p><br /></p><p> It more-so comes down to individual situations, individual coins, and varying degrees of urgency to sell. If somebody has a large collection and urgently needs a large amount of money and wants to liquidate it all quickly, does the price received reflect the market in any way? How much value can we put on this transaction?</p><p> Other than somebody got desperate and dumped everything for likely too cheap of a price which the buyer will likely turn around and sell them for a profit, it doesn't tell us anything. </p><p> Now lets say an educated buyer goes out today and buys 10 different popular coins. 5, 10, 20 years from now, pick the duration of time, all 10 could have went in different directions while some stayed flat. Is this Earth shattering data? Does it affect whether someone should buy a coin today at all or not? To me it does not. </p><p> I don't believe it's possible for somebody to come on here and say everybody should expect 50 cents on the dollar for their collection when they have no idea what's in the collection, when it was purchased, for how much it was purchased, how they intend to sell. </p><p><br /></p><p> The only truth is that there are coins that will be winners and losers and anybody trying to sell anything (not just coins) in a desperate situation is going to get SCREWED, every time. That doesn't set the market for me.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 2400117, member: 13650"]Thanks to whoever bumped this 2014 thread. Was an interesting read this a.m. Been seeing these charts for years and I'm always amazed at people's need to see a snap shot to cover the entire coin market in order to dictate how they feel about it. Maybe there's some value to it? Maybe if you own whatever specific items are included in the data. It more-so comes down to individual situations, individual coins, and varying degrees of urgency to sell. If somebody has a large collection and urgently needs a large amount of money and wants to liquidate it all quickly, does the price received reflect the market in any way? How much value can we put on this transaction? Other than somebody got desperate and dumped everything for likely too cheap of a price which the buyer will likely turn around and sell them for a profit, it doesn't tell us anything. Now lets say an educated buyer goes out today and buys 10 different popular coins. 5, 10, 20 years from now, pick the duration of time, all 10 could have went in different directions while some stayed flat. Is this Earth shattering data? Does it affect whether someone should buy a coin today at all or not? To me it does not. I don't believe it's possible for somebody to come on here and say everybody should expect 50 cents on the dollar for their collection when they have no idea what's in the collection, when it was purchased, for how much it was purchased, how they intend to sell. The only truth is that there are coins that will be winners and losers and anybody trying to sell anything (not just coins) in a desperate situation is going to get SCREWED, every time. That doesn't set the market for me.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Are coins in a BUBBLE?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...