-Disclaimer: This Is Not Financial Advice - You'll Lose All Your Money-
No one is rushing is to sell the card they bought for $5 three days ago for $7 today and that to me means we are about to see the next leg up as panic buying sets in while no one is selling.
I pride myself as a market watcher. I've done it for decades. I like to look at structures of markets and trends and flow and add in what I know about market psychology to come out with some semi accurate idea of where things are going next.
I'm not always right but it didn't take much detective work to see this coming and to have pretty good idea of where its going next... higher.
The last time we saw the start of a price ramp the cheapest gold cards went from under $1 to $5, where they've stayed for the last month.
Now that Dice packs are gone and many rewards cards are out of mint, the floor in gold cards has lifted from $5 to $8+ overnight.
Just a few days ago Chain Spinner was the cheapest gold card available when it crossed under $5 for a bit. I know because I bought several of them.
I've also been buying Gold Nightmares for weeks between $5 and $7 but as you can see in this second image, Gold nightmares have a healthy filled in spread that's pushing it right toward $10+.
It's not just gold cards though. Let's zoom in on Nightmare for example:
Non-gold Nightmare has been a consistent winner for me for a while. One of my favorite quick-cash moves has been to buy anything under .30 and repost for .39 cents. Every other day or so someone comes in and buys out the whole floor up to .40 cents. Then like clockwork the sellers come in and repopulate the floor all the way down to .22-.24 cents where I'd buy it up again.
Rinse. Repeat. Profit.
I've probably made $75 doing it in the last 3 weeks but this last time it never came back down. In fact, normal Nightmare card shot up over .50 and isn't looking back even with 121k copies in circulation.
Now there is a chance that it was one person who came in and bought up all the gold cards under $8 and that's why the market moved. However, usually they will fall back down if the market wasn't ready yet as people who want out se it as an opportunity. What this is showing us is that no one wants out at this price.
I regularly buy floors when I think the market is ready and usually there is at least a little drop after but there hasn't been one.
When I bought out the Mylor floor from $15 to $22 it backfilled to $18 as people felt it was an opportunity to get a good price (it wasn't)-and that was a card that was taking off with a rental market in such a frenzy that you'd make back your $18 in a little over a month and it STILL backfilled to $18.
What we are looking at now are the bargain bin names with no rental market appeal and no future glory and yet one wants to backfill for the sell. If you're pricing this market out, that fact should mean something to you.
No one is rushing is to sell the card they bought for $5 three days ago for $7 today and that to me means we are about to see the next leg up as panic buying sets in while no one is selling.
I've bought enough in recent weeks to sit back and be comfortable watching it play out without FOMO but if you've been eyeing a card, this might be the time to grab it because when the floor moves, the whole market moves.
Be safe out there. These markets can get crazy and people get hurt even when things go up.
-Disclaimer: This Is Not Financial Advice - I'll Lose All Your Money-