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<p>[QUOTE="d_lairson, post: 272966, member: 8441"]Thanks for all the input. I think I will start subscribing to the greysheet for up to the minute info. </p><p><br /></p><p>I do have to disagree slightly with what mikenoodle said about research. I agree that you do not want to base your whole opinion on old reseach, that's like going to a coin shop and expecting to pay 2007 red book prices for coins. I do, however, think it is very important to get older information about a coin before you start collecting it heavily. It's important to understand the market dynamics and past trends of a coin to see if it has a future or if it's just a fad. </p><p><br /></p><p>I mean, to be simplistic about it, you don't want to buy a coin just because the greysheet says its been goin up for the past six months. You need to know if this is part of a larger trend, has this happened before, if so what caused it before and why did it go back down, that sort of thing. </p><p><br /></p><p>Don't get me wrong, you really need to know what is going on with a coin NOW, but to make a truly informed decision you need to know what happened before as well.[/QUOTE]</p><p><br /></p>
[QUOTE="d_lairson, post: 272966, member: 8441"]Thanks for all the input. I think I will start subscribing to the greysheet for up to the minute info. I do have to disagree slightly with what mikenoodle said about research. I agree that you do not want to base your whole opinion on old reseach, that's like going to a coin shop and expecting to pay 2007 red book prices for coins. I do, however, think it is very important to get older information about a coin before you start collecting it heavily. It's important to understand the market dynamics and past trends of a coin to see if it has a future or if it's just a fad. I mean, to be simplistic about it, you don't want to buy a coin just because the greysheet says its been goin up for the past six months. You need to know if this is part of a larger trend, has this happened before, if so what caused it before and why did it go back down, that sort of thing. Don't get me wrong, you really need to know what is going on with a coin NOW, but to make a truly informed decision you need to know what happened before as well.[/QUOTE]
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