Cyclical Downtrend in the MTG Market
By - cardssharp
My man you are dumb as shit
> There is a large chunk of the minimum wage workforce making at around $100,000.
Came here to laugh about that. A full-time job working 40 hours a week paying the federal minimum wage adds up to $15,600 a year before taxes. Even if they're getting a $15 minimum wage (which no under-the-table cash jobs pay) that's still just $31,200 a year before taxes.
You also can't work Uber or Lyft without declaring a SS#, so in his hypothetical that person is working a second secret job with a fake or stolen SS# and somehow earning over $15 a hour.
Dude you just work 6 and fulltime jobs and a part time and you are rolling in it on your minimum wage. "Large chunks" of minimum wage earners are doing it.
Go get that "clone yourself" money, son.
at federal minimum wage of 7.25/hr, to get 100k in a year you'd have to work 37 hours per day (and 365 days per year)
good luck with THAT
Totally agree lol. Everyone is applying such convoluted logic. Simple truth is that folks who enjoyed magic as a kid or young adult are now finally making some $$$ in the workforce and are spending it on their favorite hobby. That's it. There will be ups and downs and all that but the demand is mostly organic.
The insistence on constantly bringing up flesh and blood or metazoo is some kind of sickness.
Yeah, definitely a load of BS.
i assumed there were some words missing or something because it definitely doesn't make sense as written
This is just another nonsense post from this user and the mods continue to allow it. I’d say this person is an idiot, but so long as he/she is allowed to continue posting I unfortunately see no reason why they would stop. Maybe I’m the idiot for thinking mods actually care about what BS gets posted in here…
We care, but we're not here to force discussion in one way or another. Perhaps take it as an informative post in that if someone is trying to encourage you to do something ("Buy reserved list cards! You can't lose!") and package the reasons with lies ("Minimum wage: $100k = common occurrence") it's more telling that there is deceit afoot. In fact I'd hazard a guess that this is connected with a the retro collectible video game market rigging company that's trying to make a horizontal play into reserved list cards and have already stake a position but have no one to sell to at current prices without artificial hype (https://webcache.googleusercontent.com/search?q=cache:Zo8l3mjIRNcJ:https://www.washingtonpost.com/business/collectible-prices-skyrocket-to-the-dismay-of-hobbyists/2021/09/03/b0973888-0c84-11ec-a7c8-61bb7b3bf628_story.html+&cd=15&hl=en&ct=clnk&gl=ca&client=firefox-b-d). So again, these posts being in the light of day are useful two-fold; one as an assurance that /r/mtgfinance mods won't play sides even if there's (at a commenter's discretion) an "obvious side" and, two; that we can reasonably derive intention and motivation by measuring lies instead of removing them.
>mods won't play sides even if there's (at a commenter's discretion) an "obvious side" and, two; that we can reasonably derive intention and motivation by measuring lies instead of removing them.
This is how you end up with anti-vax and conspiracy based websites. If you can’t tell people to stop with the disinformation and speculation without resources, it allows that nonsense to be distributed at which point you can’t put the toothpaste back in the tube anymore. Too long people have said well let’s hear the other side, or let’s give the other side a chance to explain, but it turns out the other side is just full of shit and doesn’t have any factual basis for their whataboutism.
This poster continues to throw information out there with no sources or proof of anything. And while it’s obviously not as harmful or important to life as the examples I mentioned, with regards to what type of information this forum should be communicating about - mtgfinance, this user continues to spew “data” and “information” that is highly speculative and/or inaccurate with zero proof to back up their claims.
I’m not asking you to play sides on a well thought out and researched topic. This is literally a user that posts random numbers as facts, uses a lot of buzz words to make it look like they know what they’re talking about, but provides no evidence. They now even preface their arguments with the crazy idea that the only reason they get so many comments is because people are out to get them or make them look bad.
It appears I won’t change your mind though. I appreciate your responses despite disagreeing with your stance. I’ll stop commenting as such on them, I’ll just continue to report the posts as nonsense and hope that eventually somebody realizes how unnecessary they are.
I respect your stance which is logical in its own right, but I think I agree with the mods here. The efficacy of the disinformation depends on the target audience and manner of distribution. On this platform OP isn't making much traction due to downvotes, and I think threads like these serve to educate people that they need to back up their claims.
One thing I would note is that the quality of the sub goes down when disinformation and/or conspiracy theorists are allowed to run rampant.
Not just because some people are confused or deceived, but also because energy gets diverted away from the actual purpose of the sub.
Habitual bad faith posts are a problem. And I say bad faith because OP often alters his original post to insert statements/assertions not related to his original post--usually directed at FAB and Rudy.
Why does someone need facts to have a belief/opinion? No religious person has any proof of what they believe in, but are free to believe what they want. If you want to have a stupid opinion about something it's your right to do so (at least if you live in the US).
Since when is finance a religion? If you want to foster thoughtful conversation, you require thoughtful posts. If they want to spew nonsense in circlejerk they are free to do so....
>Since when is finance a religion?
Talk to a crypto kid...
So are they free to talk about it? Because from your post it seems like your saying they should be shut down if they're "wrong".
This is the most 'dumb american' view there is.
"Because I have the legal freedom to do X, I should do it." Most ppl in our country aren't smart enough to self regulate or derive their own moral compass (as OP makes painfully clear).
It's called freedom of speech. Even though I think your comment is some commie BS, you should be allowed to say it.
OP has edited his post and in the opening paragraph is continuing his tirade against FAB and Rudy. No one here has even mentioned either of them
For what it's worth I like the work you guys do. <3
I like it.
> The current upswing in buyout activity was largely triggered by stimulus and unemployment benefits paid for workers to stay home during the pandemic. It depends on the state but in essence, a minimum wage workers ($20k - $35k/year) can stay home and make up to $65k from unemployment and work an under the table or gig job from a variety of source like Fiverr, Upwork, Uber, Lyft, local construction... declaring no SS# or other means to avoid reporting and in the process making another 25k +. There is a large chunk of the minimum wage workforce making at around $100,000. It will take time for these workers to reenter the workforce as they will seek higher wage jobs and largely will not find them.
Do you have any kind of source or statistics on that whatsoever?
... let's try to avoid having OP reach into his ass for now.
I feel sad for myself for trying to read this twice to understand what you are saying… and i still dont get it. Your basis is that MTG will “crash”.
Whose making $100,000 on minimum wage, if you are good for you. If this was happening, homelessness and poverty wouldnt exist.
You do know $25K going unnoticed is a big deal… unless you are paying everything cash…
You do know people were playing the game before the pandemic… people found time to play before, they will again. But in your world trying to make $100,000 on minimum wage, nobody will have time working all those hours to make $100,000z
The last year alone showed that sales are up, even when the releases where mediocre at best. You are right we are in a bubble were things are valued at inflated prices.
What is keeping MTG from a downtrend is the influx of new players. New players pour in money into the game, not existing players. New players want a piece of MTG and hear about the RL and wants a piece of that action. We see a post about it everyday here on /r/MtGFinance. Once MTG stops attracting new players, we will go in a downtrend.
> Whose making $100,000 on minimum wage, if you are good for you
It's obvious nonsense
It's 13,793 hours per year.
Or 1149 hours per month.
Or 259 hours per week.
Big hint if you haven't gotten it by now: that's 37 hours per day.
Impossible - like, *mathematically* impossible, which is the best kind of impossible.
I think OP is saying that people who would normally work a minimum wage job are currently (or were for the past year) collecting $65k in unemployment benefits while also working gig jobs, accounting for the other $35k. however, $35k working gig jobs is really not feasible in large sections of the country, and in many states unemployment benefits are (were) nowhere near $65k.
None of that is possible period. He is full of shit to his ears.
not defending OP, to be clear. he's clearly absolutely dumb as dogshit. just saying that the logic, even if you allow for some wiggle room, is still wrong as all hell, lmao
My god man you have no idea what you are talking about at all. Just stop.
Oh look it’s cardssharp again with his latest ‘hot take’
(obligatory) Sir, this is a Wendy's
[[Descent into Madness]]
[Descent into Madness](https://c1.scryfall.com/file/scryfall-cards/normal/front/f/a/fa016bb7-ad8b-40d5-90db-412a9cf19e4e.jpg?1592708833) - [(G)](http://gatherer.wizards.com/Pages/Card/Details.aspx?name=Descent%20into%20Madness) [(SF)](https://scryfall.com/card/avr/97/descent-into-madness?utm_source=mtgcardfetcher) [(txt)](https://api.scryfall.com/cards/fa016bb7-ad8b-40d5-90db-412a9cf19e4e?utm_source=mtgcardfetcher&format=text)
^^^[[cardname]] ^^^or ^^^[[cardname|SET]] ^^^to ^^^call
Again, nice stealth edit to OP making sure no one gets notified that you replied.
What does rudy have to do with anything you're talking about???
Forgot your tinfoil hat again this morning?
I am sorry, I think that you have a very “snowball” understanding of our society. You say that there is a large number of Min wage workers making 100k+????? This is a trickle down economics fear inducing perspective, it is also a false statement. The Mtg market is connected to the demographic of middle age educated middle class workers - all trying to invest and pursue the “dream of Rudy” - making them feel good about, probably a terrible, long term investment. Time and time again on this feed people try to actually educate people and say, “don’t invest long term in Mtg, unless you have disposable income. Invest in index etfs”. Your understanding is flawed.
I googled "DEFLANATION PRESSURE" and this thread is the first hit. So, congrats on coining your own term.
I feel dumber after reading this
Mr. Cardssharp, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent post were you even close to anything that could be considered a rational thought. Everyone in this sub is now dumber for having listened to it. I award you no karma, and may God have mercy on your soul.
>rm OP isn't making much traction due to downvotes, and I think threads like these serve to educate people that they need to back up their claims.
A simple wrong would have done just fine.
Maybe. But he wouldn't have been able to bust out a tasty Billy Madison quote and we would all have been sadder for it.
Is this what happens when socially inept neckbeards start seeking validation in the grownup world?
This makes about as much sense as my foreign economics professor doing Macroeconomics 101 lectures.
Don't feed the troll!
You are correct that you can't buyout garbage rares for $600 but everything after that I can not disagree more.
Uptick definitely due to pandemic but I don't think stimulus is the reason. There are less options to be social so people are electing to get together with their friends and play Magic instead of going out to a bar with strangers. Simple as that. When bars and restaurants start to open back up - that's what will cause a dip. Or if we have a recession in general which is a real possibility.
The more specific your prophecy is, the more likely you are to fall on your face. Where's your crystal ball?!
Good joke (meme)
If anything we’re at the base of an upswing.
How has this not been removed? 😂
I feel like i have seen more people selling their power on facebook lately, but i will not say its a trend since i dont have any data to back it up.