Ask HN: Is buying first edition packs of Pokemon a good investment?
12 comments
No. If they were, a lot more people would be buying and trading them.
Trendy assets with no intrinsic value (e.g. trading cards, NFTs) are high-risk.
Assets like land and housing have utility. Assets like stock are supposed to have value because you have a share of the profits, although many people still speculate on public markets.
Put your money into something you use first, like a home purchase. Even if the price collapses, you may still be saving yourself money every month vs. renting.
Then move to something that generates value, like a high-yield index fund.
Trendy assets with no intrinsic value (e.g. trading cards, NFTs) are high-risk.
Assets like land and housing have utility. Assets like stock are supposed to have value because you have a share of the profits, although many people still speculate on public markets.
Put your money into something you use first, like a home purchase. Even if the price collapses, you may still be saving yourself money every month vs. renting.
Then move to something that generates value, like a high-yield index fund.
I appreciate the response. But the mentality: other people know best, means you're always second to the party.
I'm looking for high risk :)
Seems like it matters if the popularity of Pokemon will go up or down in the future. Hard for anyone to know for sure.
Here is what I was looking at: https://trends.google.com/trends/explore?q=pokemon&geo=US
Popularity of Pokemon cards, not necessarily Pokemon as a whole
yes, but scan each one and make an NFT of them on https://opensea.io
You don't need to own a card to make an NFT "of" it. You can just make the NFT.
is this a facetious response or genuine? I don't see which create an asset backed NFT is such a bad idea actually... you could write a smart contract that requires a minimum amount of USDC to buy.
51% facetious, 49% genuine. I wonder, is there this rush to put art never before on the blockchain, and be the first? Is there copyright rules? Feels like the Wild West. But if there is no NFT yet, and you want to pay the "filling fee" to create it. Feels like it could go up in value.
Is there any way to create a unique hash from an image, that is reproducible with some statistic certainty by taking another picture and running it through some program? The NFT could be tied to a hash, that could be determined from the physical object's picture. The problem is finding what most differentiates cards that looks the same. Maybe centering?
I think you could always take the image again at another angle or with different backgrounds. Very hard to say for sure it’s same image.
To add: One of the problems is that some are 'heavy' in certain packs so maybe people only sell the light ones but dont say theyre light? But maybe that's a bad way to determine whether they have holos.