For the first MtGStocks nightly posting of prices in a while, there has been no big jump(s). 19.45% was the largest gainer, and that was from Sword of the Ages.
Hope I am not counting the eggs before they hatch, but could this be a sign that the buy-outs have finally taken a deep breathe and relaxed? Or is this just the wake before the storm & the trends will continue?
It would be nice for prices to either grow or shrink at a reasonable rate and madness can subside, even for just a brief amount of time. I am ot talking about buy-outs from freshly learned combos and synergies, I mean panic/RL/market-manipulation buyouts.
Who else feels like this?
See attaches screenshot for last nights slow growth (only odd thing is a mild Iconic Masters growth).
I don't think anything's going to stop it. You can't really stop people from spending their money in this fashion other than abolishing the Reserved List, which isn't happening.
It's largely self-regulating though. If someone is sitting on a hundred copies of a Reserved List card they simply can't sell at the new price, who's really taking a bath?
Honestly, I wouldn't worry too much about it if you're not personally going after any of those cards anyway. Are you?
Did you read the article on MTGStocks regarding RL buyouts they published back in August? I would be interested to see the tallies updated right now, after the explosion of buyouts the last couple months.
No one wants to chime in here? Or is this another case of sweeping buy-outs under the rug & pretending they don't happen?
Nobody is sweeping buyouts under the rug. We all acknowledge that they happen - they've been the most active topic in the café, this summer - but unless you're the person performing the buyouts then it's impossible to know whether or not they'll continue. I have no credible information on other people's future spending, so I felt that it wasn't worth responding. Simple as that.
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I only made that statement (my 2nd post) when there was no responses after a few days.
To me it is a sign of good news when the buy-outs slow down. There are some old school Magic cards that are now out of my comfort zone to buy that I have wanted, such as Ali From Cairo, Island of Wak-wak, Forcefield, and Gauntlet of Might. Said cards have been on my Puca Trade wants list for a while. I have gotten lucky w/ other cards before they jumped, like Elephant Graveyard & Old Man of the Sea. I have playing Magic since 1994, & I have always wanted many of these cards, but they are hardly traded on PT & back in the day as a scrub, they were out of my price range.
The slow down is a good sign that they may not jump for a while, so I can possibly afford them in the near future.
Well Stooge, this whole finance forum is withering on the vine. So, it's not just you.
Anyway, buyout scares come in waves. This last one was prompted by Saffron Olive and similar people talking about Reserve List cards, as far as I can tell. We're past that. Ixalan is pretty safe as a set and has not exploded older cards. We have some reprint sets coming up. No news on Ixalan 2.0 yet. So, there's no trigger at the moment for buyouts.
Next time there is another event that prompts people to remember the Reserve List, there will be another buyout.
Well Stooge, this whole finance forum is withering on the vine. So, it's not just you.
Anyway, buyout scares come in waves. This last one was prompted by Saffron Olive and similar people talking about Reserve List cards, as far as I can tell. We're past that. Ixalan is pretty safe as a set and has not exploded older cards. We have some reprint sets coming up. No news on Ixalan 2.0 yet. So, there's no trigger at the moment for buyouts.
Next time there is another event that prompts people to remember the Reserve List, there will be another buyout.
I just wonder how long (months, years... hopefully not a decade or longer) it will take for the prices to drop. I know they may never see their pre-buy-out prices again, but I do hope some leveling off occurs. It would be nice to get at least a couple copies of the few cards I want (mentioned above) w/o having to sell my kidney.
I would not hold your breath. The problem with Reserve List buyouts specifically is that:
(1) The market is smaller, so there's less turnover prompting price competition. Some of the cards (Sword of Ages? LOL) are so unplayable that literally the only reason people buy them is for speculation; and
(2) The number of cards is smaller, so it's not making a big dent in anyone's inventory to hang on to them waiting for the next spike.
Put these together, and you have a formula for cards that spike, then retain most of that spike value while they rot in speculator's binders until the next spike. That's not to say the price won't gradually move - sometimes you gotta dump your stock - but it will be slow and likely not keep up with the next bozo going on Twitter and starting a Reserve buyout frenzy.
There are some old school Magic cards that are now out of my comfort zone to buy that I have wanted, such as Ali From Cairo, Island of Wak-wak, Forcefield, and Gauntlet of Might. Said cards have been on my Puca Trade wants list for a while.
I would not hold your breath. The problem with Reserve List buyouts specifically is that:
(1) The market is smaller, so there's less turnover prompting price competition. Some of the cards (Sword of Ages? LOL) are so unplayable that literally the only reason people buy them is for speculation; and
(2) The number of cards is smaller, so it's not making a big dent in anyone's inventory to hang on to them waiting for the next spike.
Put these together, and you have a formula for cards that spike, then retain most of that spike value while they rot in speculator's binders until the next spike. That's not to say the price won't gradually move - sometimes you gotta dump your stock - but it will be slow and likely not keep up with the next bozo going on Twitter and starting a Reserve buyout frenzy.
You're also listing playable cards. These all have pretty unique effects, and are quite EDH-playable (I'd even go so far as to say that Gauntlet is GOOD in red EDH). People tend to hang on to these cards. Not just speculators - players who're thinking "I don't know if I'll ever want to build a deck with Island of Wak Wak, but I might eventually, so I'll just keep it - it's never going to go down in price, after all!"
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Anyway, buyout scares come in waves. This last one was prompted by Saffron Olive and similar people talking about Reserve List cards, as far as I can tell.
I wonder what effect Rudy @ Alpha Investments has had on the community as a whole. While I take many (most) things he says with a grain of salt, his constant prattling about the Reserved List must have caught some ears. Was this something that people think was going to happen anyway, or has he influenced things at all? Love him or hate him, he has built an audience pretty darn quickly.
He is far from alone in talking about the Reserved List. It's not really a new thing, I think however that more people have garnered an interest in MTG finance as the game has grown, and having the ability to manipulate a supply so definitely, with the online market the way that it is also allowing people to manipulate the price of things with such limited quantity, it should be no real surprise that the Reserved List market has been insane as MTG finance and MTG as a whole has grown.
Plus, there's always the chance that someone lands on the next Reserved List Legacy bomb like Drop of Honey. For me, I grabbed some of the sort of CMDR playable Reserved List cards a couple of years ago with the feeling that "I better just get these now".
With the guarantee of no further increased supply, people seem more inclined to buy cards they may not need now, but might possibly need later just because they may never decrease in price. On a personal note, the consistent RL buyouts have diminished my interest in MTG finance and MTG in general lately. It used to be kind of fun to try and figure out what was going to spike next based on history, now it's just sort of blah for me, but I'm sure it is probably pretty exciting for others pulling out old, previously worthless cards and realizing that they are now supposedly worth a fortune.
Just my 2 cents. Also, no one has swept anything under the rug. This forum seems pretty plugged into what is happening with the RL buyouts, but I think fatigue has set in regarding discussion of the topic, which is completely understandable.
Reserve List prices will never drop even after buy outs. All of MTG's wealth is being concentrated in the Reserve List because of WotC's aggressive reprinting of modern and older cards not on the reserve list. Its the final cash grab. The game has been on a serious down turn since they tried to change standard's rotation schedule, block expansions, and removing core set. The recent comments about the population downfall is telling of MTG's future.
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Hope I am not counting the eggs before they hatch, but could this be a sign that the buy-outs have finally taken a deep breathe and relaxed? Or is this just the wake before the storm & the trends will continue?
It would be nice for prices to either grow or shrink at a reasonable rate and madness can subside, even for just a brief amount of time. I am ot talking about buy-outs from freshly learned combos and synergies, I mean panic/RL/market-manipulation buyouts.
Who else feels like this?
See attaches screenshot for last nights slow growth (only odd thing is a mild Iconic Masters growth).
It's largely self-regulating though. If someone is sitting on a hundred copies of a Reserved List card they simply can't sell at the new price, who's really taking a bath?
Honestly, I wouldn't worry too much about it if you're not personally going after any of those cards anyway. Are you?
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To me it is a sign of good news when the buy-outs slow down. There are some old school Magic cards that are now out of my comfort zone to buy that I have wanted, such as Ali From Cairo, Island of Wak-wak, Forcefield, and Gauntlet of Might. Said cards have been on my Puca Trade wants list for a while. I have gotten lucky w/ other cards before they jumped, like Elephant Graveyard & Old Man of the Sea. I have playing Magic since 1994, & I have always wanted many of these cards, but they are hardly traded on PT & back in the day as a scrub, they were out of my price range.
The slow down is a good sign that they may not jump for a while, so I can possibly afford them in the near future.
Anyway, buyout scares come in waves. This last one was prompted by Saffron Olive and similar people talking about Reserve List cards, as far as I can tell. We're past that. Ixalan is pretty safe as a set and has not exploded older cards. We have some reprint sets coming up. No news on Ixalan 2.0 yet. So, there's no trigger at the moment for buyouts.
Next time there is another event that prompts people to remember the Reserve List, there will be another buyout.
I just wonder how long (months, years... hopefully not a decade or longer) it will take for the prices to drop. I know they may never see their pre-buy-out prices again, but I do hope some leveling off occurs. It would be nice to get at least a couple copies of the few cards I want (mentioned above) w/o having to sell my kidney.
(1) The market is smaller, so there's less turnover prompting price competition. Some of the cards (Sword of Ages? LOL) are so unplayable that literally the only reason people buy them is for speculation; and
(2) The number of cards is smaller, so it's not making a big dent in anyone's inventory to hang on to them waiting for the next spike.
Put these together, and you have a formula for cards that spike, then retain most of that spike value while they rot in speculator's binders until the next spike. That's not to say the price won't gradually move - sometimes you gotta dump your stock - but it will be slow and likely not keep up with the next bozo going on Twitter and starting a Reserve buyout frenzy.
You're also listing playable cards. These all have pretty unique effects, and are quite EDH-playable (I'd even go so far as to say that Gauntlet is GOOD in red EDH). People tend to hang on to these cards. Not just speculators - players who're thinking "I don't know if I'll ever want to build a deck with Island of Wak Wak, but I might eventually, so I'll just keep it - it's never going to go down in price, after all!"
I wonder what effect Rudy @ Alpha Investments has had on the community as a whole. While I take many (most) things he says with a grain of salt, his constant prattling about the Reserved List must have caught some ears. Was this something that people think was going to happen anyway, or has he influenced things at all? Love him or hate him, he has built an audience pretty darn quickly.
Plus, there's always the chance that someone lands on the next Reserved List Legacy bomb like Drop of Honey. For me, I grabbed some of the sort of CMDR playable Reserved List cards a couple of years ago with the feeling that "I better just get these now".
With the guarantee of no further increased supply, people seem more inclined to buy cards they may not need now, but might possibly need later just because they may never decrease in price. On a personal note, the consistent RL buyouts have diminished my interest in MTG finance and MTG in general lately. It used to be kind of fun to try and figure out what was going to spike next based on history, now it's just sort of blah for me, but I'm sure it is probably pretty exciting for others pulling out old, previously worthless cards and realizing that they are now supposedly worth a fortune.
Just my 2 cents. Also, no one has swept anything under the rug. This forum seems pretty plugged into what is happening with the RL buyouts, but I think fatigue has set in regarding discussion of the topic, which is completely understandable.