@DOCBZ17@MWalk66@bowman1951 Exactly, The sharks will be the first ones to jump in on this but over time it should correct itself and new players will create smarter, safer, more affordable loan options for the card market.
@LundoCalrossian@MTTrading2 Get used to it, everything changes. The hobby is getting shook up and anyone can play from small children to billionaires. We should welcome everyone and the unique angles they may bring. Innovation was much needed. The bad actors won't last and the cream will rise to the top.
@mspeier1@bowman1951 Just because some card people aren't too bright doesn't negate the concept, everyone has to make their own mistakes and learn the hard way sometimes but this lending model is very normal.
@DOCBZ17@MWalk66@bowman1951 There is a risk with anything dropping in value including real estate or stocks. It's a high-level strategy that must have its proper due diligence but there are many use cases where having this option out there could be very beneficial.
@mdube16@bowman1951 I agree, this is very commonly used in every other type of industry out there. You borrow against your assets to get into more assets that can grow as well.
@bowman1951 Leverage is used in every industry to grow capital. Yes, it can be risky when not done wisely but it is a great strategy when used correctly.
@bowman1951 The sportscard hobby was outdated and stagnate. It's now seeing some much-needed improvements & progression. We need as many smart minds and creative people as we can get in this space. Change is inevitably coming and it's probably best to embrace it or the hobby may pass you by.
@cathasach3@FurnaceFest@SLNTPLNT Lol, letโs move heaven and earth to accommodate a few people. Grow up buddy, YouTube will have some clips you guys can watch Iโm sure.