If you want to invest in MTGO to play Modern or other non-rotating formats, it's not dying and it's actually a great time to buy in. If you want to make value from your collection or support a long term investment with your MTGO cards, it's absolutely dying and you are taking on significant financial risk in doing so. The odds of MTGO value rebounding from this current slump given its trajectory is extremely low. A bundle of my cards sold in 09/2017, if sold today, would fetch only 57% of the sale price. That's a horrible 43% drop in only 14 months. MTGO value was dropping even before Arena, and Arena has only hastened the inevitable. This may be doomsaying in the sense that I am foretelling the doom of a product's financial side, but it's not hyperbole. I'm simply reading clear signs that I have been tracking for over 12 months and have been trending that way for even longer.
I got into MTGO about a year ago. I've put roughly $2000 into it. My account today is worth $1100.
If you want to invest in MTGO to play Modern or other non-rotating formats, it's not dying and it's actually a great time to buy in. If you want to make value from your collection or support a long term investment with your MTGO cards, it's absolutely dying and you are taking on significant financial risk in doing so. The odds of MTGO value rebounding from this current slump given its trajectory is extremely low. A bundle of my cards sold in 09/2017, if sold today, would fetch only 57% of the sale price. That's a horrible 43% drop in only 14 months. MTGO value was dropping even before Arena, and Arena has only hastened the inevitable. This may be doomsaying in the sense that I am foretelling the doom of a product's financial side, but it's not hyperbole. I'm simply reading clear signs that I have been tracking for over 12 months and have been trending that way for even longer.
I got into MTGO about a year ago. I've put roughly $2000 into it. My account today is worth $1100.
Yikes, that really sucks. Sorry for that drop. It's yet another datapoint to support this year(+)-long trend about significant MTGO finance issues. Another datapoint would be the free Cardhoarder "try MTGO" promotion on the recent Black Friday, plus their public acknowledgement about the financial issues the platform is facing and creating. Like spsiegel said, if MTGO cards were stocks, people would be fleeing in droves. If you want to stay in MTGO to play Modern, this is a fine time to do so. Prices might even rebound a little as they did between 09/2017 and 09/2018. But the overall loss will still remain and financial risk is still very high. No one should be investing in this product for financial reasons.
He's definitely right. Something dropping 40 plus percent is a horrible sign. If that happened in the stock market you'd be selling off so fast.
Except the purpose of the stock market is to invest and generate passive income (among other things). MtG is a hobby. The vast majority of people in the vast majority of hobbies end up down money in the process, especially gaming. EV mentality doesn't fit with this game.
If you want to invest in MTGO to play Modern or other non-rotating formats, it's not dying and it's actually a great time to buy in. If you want to make value from your collection or support a long term investment with your MTGO cards, it's absolutely dying and you are taking on significant financial risk in doing so. The odds of MTGO value rebounding from this current slump given its trajectory is extremely low. A bundle of my cards sold in 09/2017, if sold today, would fetch only 57% of the sale price. That's a horrible 43% drop in only 14 months. MTGO value was dropping even before Arena, and Arena has only hastened the inevitable. This may be doomsaying in the sense that I am foretelling the doom of a product's financial side, but it's not hyperbole. I'm simply reading clear signs that I have been tracking for over 12 months and have been trending that way for even longer.
I got into MTGO about a year ago. I've put roughly $2000 into it. My account today is worth $1100.
Oh no. Sorry to hear that. Same thing happened to me when Ragnarok Online game I've invested money on lost popularity and then shut down after about 8 years - and it's the reason I never started / invested anything in MTGO, because have the bad feeling the same losses will eventually happen all over again.
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On other things,, glad that UMA was able to bring the prices down. Vengevines are now just 15-17 each, instead of the 50-60 when Bridgevine was hot.
are there any supplementary products announced for next year? like know they exist but not when, because im looking at these manamorphose prices and they gave me cancer.
Private Mod Note
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Rollback Post to RevisionRollBack
Modern: UWGSnow-Bant Control BURGrixis Death's Shadow GWBCoCo Elves WCDeath and Taxes (sold)
I sold my MTGO collection the night before BBE and JTMS were unbanned. I figured that was the highest because I'd be selling into unrealized unban hopes. I sold for $2,300. While the collection topped out at $2,500 after the unbans, it's now worth $1,095. Glad I moved when I did.
Assassin's trophy can be had for $10 now. Is now a good time to buy?
Yeah, I'd do it if you need them before attention gets drawn to the next big set. We're in the lull period for anything in standard and Assassin's Trophy has a good chance of bouncing back once packs stop getting cracked open.
Private Mod Note
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Rollback Post to RevisionRollBack
1. (Ravnica Allegiance): You can't keep a good esper control deck down... Or Wilderness Reclamation... or Gates...
2. (War of the Spark): Guys, I know what we need! We need a cycle of really idiotic flavor text victory cards! Jace's Triumph...
3. (War of the Spark): Lets make the format with control have even more control!
i dunno im skeptical of it ever peaking again. the 'GBx is good again!' hype train has stopped. beyond that its just standard demand, which is very little since the downside is super punishing in an environment where people are casting 5 and 6-drop bombs or drawing 20 cards off experimental frenzy.
Private Mod Note
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Rollback Post to RevisionRollBack
Modern: UWGSnow-Bant Control BURGrixis Death's Shadow GWBCoCo Elves WCDeath and Taxes (sold)
Trophy sees enough modern and legacy play though that its worth just having if you ever plan on picking up such a deck. Hey, you can play it in lantern control lol.
I'm slightly late to posting this, but as someone with a fairly large MTGO collection it's been pretty sickening watching its value drop so much in such a short period of time. Obviously there are forces that will drive prices down over the long term which Koch's article details and I can accept that, but framing that the way he did - "Magic Arena is killing Magic Online" is neither helpful or accurate. It's only made the problem worse by spooking the player base who are taking his headline at face value and causing a fresh round of panic selling - around another 15% drop since he posted the article. So that's a bit frustrating to me.
I'm slightly late to posting this, but as someone with a fairly large MTGO collection it's been pretty sickening watching its value drop so much in such a short period of time. Obviously there are forces that will drive prices down over the long term which Koch's article details and I can accept that, but framing that the way he did - "Magic Arena is killing Magic Online" is neither helpful or accurate. It's only made the problem worse by spooking the player base who are taking his headline at face value and causing a fresh round of panic selling - around another 15% drop since he posted the article. So that's a bit frustrating to me.
100% man. I was cycling through decks quite a bit this year, and watching the value drop eventually convinced me it was just time to cash out and play something cheap.
ive been putting spare money from my paper budget into mtgo over the last 6ish months trying to build a modern collection. so i lost some, but luckily it was confined to disposable funds and not a huge amount (somewhere in the 100-200 range last i checked). now im just waiting for the market to bottom out.
dont get me wrong i sympathize with long time mtgo players getting railroaded. we talk all high and mighty here about the game/modern/paper being cheap so everyone can join in, but having your collection tank is a kick in the balls feeling regardless of if you were treating it as an investment or a hobby.
when things get low enough ill grab stuff so i can try out legacy, because lets be real mtgo is the only way im ever going to experience it. prices will start to clime back up because the demand to participate in something you cant get anywhere else (digitally) will be there.
@Siscmoo - yeah i agree on that article it was atrocious. Florian Koch either had some self serving agenda, is twisted and wanted to promote the suffering of others, or is a fool. There is no other way to explain his approach to writing that article.
Excellent time to buy into MTGO if you want to play Modern online. I don't think there's a single top-tier Modern deck on MTGO worth more than 350 tix at this point. But anyone who thinks that MTGO isn't dead from a financial perspective is kidding themselves. It is extremely improbable that the Arena-focused Wizards is going to do anything to reverse these losses at any major extent.
Do you guys think that the move out of MTGO will cause a small bump in paper prices?
Also curious if paper prices may recede if this erodes consumer confidence over time. I'm thinking that the impact of the prize support increases will likely drown this out more than likely.
If people were willin to drop a USD grand in hopes to spike some local tourneys before, the bigger prize payout accross the board may incentivize larger buy ins for meta decks.
I have personally shifted some of my monthly spending money into arena at this point. It's much more user friendly and I have been able to grow a modest collection of standard decks so far. Unfortunately that's a few bucks a month that isn't traveling through my LGS.
Mixed feelings. I'm all for change, but I don't want the MTGO blues to negatively impact other game channels.
Eh, I want to see a lot more about this pro system before thinking that people are going to come out in droves. One of my less popular opinions that I still hold is that WOTC likes the pro scene being consolidated to a handful of company-approved individuals and teams. Holy crap I'd get kicked out of the pro tour so fast the moment I had a microphone nearby.
Remember, the PPTQ/RPTQ system is going away, and if they announced its replacement please tell me.
Still a work in progress. Or basically nothing but a name change for PTQ confirmed. It is so dismissal that the initial article (which was later edited) was mentioning WCQ for PT Fort Worth, Dallas
Foils mainly is what I’m asking about. I assume non will be reasonable at like $15ish?
I got into MTGO about a year ago. I've put roughly $2000 into it. My account today is worth $1100.
Yikes, that really sucks. Sorry for that drop. It's yet another datapoint to support this year(+)-long trend about significant MTGO finance issues. Another datapoint would be the free Cardhoarder "try MTGO" promotion on the recent Black Friday, plus their public acknowledgement about the financial issues the platform is facing and creating. Like spsiegel said, if MTGO cards were stocks, people would be fleeing in droves. If you want to stay in MTGO to play Modern, this is a fine time to do so. Prices might even rebound a little as they did between 09/2017 and 09/2018. But the overall loss will still remain and financial risk is still very high. No one should be investing in this product for financial reasons.
Except the purpose of the stock market is to invest and generate passive income (among other things). MtG is a hobby. The vast majority of people in the vast majority of hobbies end up down money in the process, especially gaming. EV mentality doesn't fit with this game.
Oh no. Sorry to hear that. Same thing happened to me when Ragnarok Online game I've invested money on lost popularity and then shut down after about 8 years - and it's the reason I never started / invested anything in MTGO, because have the bad feeling the same losses will eventually happen all over again.
__________________________
On other things,, glad that UMA was able to bring the prices down. Vengevines are now just 15-17 each, instead of the 50-60 when Bridgevine was hot.
Nexus MTG News // Nexus - Magic Art Gallery // MTG Dual Land Color Ratios Analyzer // MTG Card Drawing Odds Calculator
Want to play a UW control deck in modern, but don't have jace or snaps?
Please come visit us at the Emeria Titan control thread
UWGSnow-Bant Control
BURGrixis Death's Shadow
GWBCoCo Elves
WCDeath and Taxes(sold)Standard: lol no
Modern: BG/x, UR/x, Burn, Merfolk, Zoo, Storm
Legacy: Shardless BUG, Delver (BUG, RUG, Grixis), Landstill, Depths Combo, Merfolk
Vintage: Dark Times, BUG Fish, Merfolk
EDH: Teysa, Orzhov Scion / Krenko, Mob Boss / Stonebrow, Krosan Hero
Yeah, I'd do it if you need them before attention gets drawn to the next big set. We're in the lull period for anything in standard and Assassin's Trophy has a good chance of bouncing back once packs stop getting cracked open.
1. (Ravnica Allegiance): You can't keep a good esper control deck down... Or Wilderness Reclamation... or Gates...
2. (War of the Spark): Guys, I know what we need! We need a cycle of really idiotic flavor text victory cards! Jace's Triumph...
3. (War of the Spark): Lets make the format with control have even more control!
UWGSnow-Bant Control
BURGrixis Death's Shadow
GWBCoCo Elves
WCDeath and Taxes(sold)100%
Terrible card? Nope. Deck reviving? Nope.
Spirits
100% man. I was cycling through decks quite a bit this year, and watching the value drop eventually convinced me it was just time to cash out and play something cheap.
Spirits
dont get me wrong i sympathize with long time mtgo players getting railroaded. we talk all high and mighty here about the game/modern/paper being cheap so everyone can join in, but having your collection tank is a kick in the balls feeling regardless of if you were treating it as an investment or a hobby.
when things get low enough ill grab stuff so i can try out legacy, because lets be real mtgo is the only way im ever going to experience it. prices will start to clime back up because the demand to participate in something you cant get anywhere else (digitally) will be there.
@Siscmoo - yeah i agree on that article it was atrocious. Florian Koch either had some self serving agenda, is twisted and wanted to promote the suffering of others, or is a fool. There is no other way to explain his approach to writing that article.
UWGSnow-Bant Control
BURGrixis Death's Shadow
GWBCoCo Elves
WCDeath and Taxes(sold)we can't know yet, there's really nothing to compare it to. it's gonna probably hurt in foil
but the Player Reward version is in freefall, which I am excited about. looking to see if they keep going
I'm sad the value of my bolts is falling, but then I remember that I only paid $35 a piece and never intend to sell anyway.
UR ....... WUBR ........... WB ............. RGW ........ UBR ....... WUB .... BGU
Spells / Blink & Combo / Token Grind / Dino Tribal / Draw Cards / Zombies / Reanimate
https://www.cardhoarder.com/collections/add/1
https://twitter.com/cardhoarder/status/1071067030781157376
Excellent time to buy into MTGO if you want to play Modern online. I don't think there's a single top-tier Modern deck on MTGO worth more than 350 tix at this point. But anyone who thinks that MTGO isn't dead from a financial perspective is kidding themselves. It is extremely improbable that the Arena-focused Wizards is going to do anything to reverse these losses at any major extent.
About 6 months ago I picked up a set of foil textless bolts...
Spirits
Greetings,
Kathal
Modern/Legacy
either funpolice (Delver, Deathcloud, UW Control) or the fun decks (especially those ft. Griselbrand)
Also curious if paper prices may recede if this erodes consumer confidence over time. I'm thinking that the impact of the prize support increases will likely drown this out more than likely.
If people were willin to drop a USD grand in hopes to spike some local tourneys before, the bigger prize payout accross the board may incentivize larger buy ins for meta decks.
I have personally shifted some of my monthly spending money into arena at this point. It's much more user friendly and I have been able to grow a modest collection of standard decks so far. Unfortunately that's a few bucks a month that isn't traveling through my LGS.
Mixed feelings. I'm all for change, but I don't want the MTGO blues to negatively impact other game channels.
Remember, the PPTQ/RPTQ system is going away, and if they announced its replacement please tell me.
https://wpn.wizards.com/en/article/coming-soon-mythic-championship-qualifiers
Still a work in progress. Or basically nothing but a name change for PTQ confirmed. It is so dismissal that the initial article (which was later edited) was mentioning WCQ for PT Fort Worth, Dallas