Pokemon SURGING SPARK Crash! PRE-ORDERS Cancelled!

Summary

The speaker humorously details their approach to long-term financial investment decisions in the Pokémon card hobby. They emphasize the influence of negativity from online communities like Reddit and Discord, which often leads them to cancel pre-orders. The speaker critiques the pessimism surrounding new card releases and the market's unpredictability, contrasting it with historical examples of cards that rebounded in value. Ultimately, they argue that relying too heavily on online opinions is unrealistic, encouraging viewers to trust their own instincts and enjoy the hobby without obsessing over short-term market fluctuations.

Takeaways

• 💻 The speaker uses Reddit and Discord to gauge opinions on financial investments in their hobby, primarily related to collectible cards.
• 📉 After analyzing leaks and hearing negative feedback from online communities, the speaker often feels discouraged about their pre-orders and investment decisions.
• 🍔 Instead of making large investments, they occasionally decide to cancel pre-orders and spend the money on small indulgences like a bacon cheeseburger and milkshake.
• 🌍 The speaker humorously contrasts the negativity in their hobby community with the general negativity of the news, suggesting a pessimistic outlook on life.
• 🛑 The speaker advises against being overly optimistic or excited about new card releases, warning that this may lead to unrealistic expectations.
• 💡 They believe it's wiser to prepare for financial losses and the eventual collapse of the economy rather than live in optimism or euphoria.
• 📦 The speaker uses the example of 'Roaring Skies' and other sets to demonstrate how collectible card values can recover and rise over time, despite initial negativity.
• 🗣️ They caution against over-reliance on online opinions and communities, pointing out that the majority of the market is unaffected by a small number of vocal individuals.
• 💼 The biggest players in the hobby market are often not visible online and don’t engage in Reddit or Discord discussions, making their moves quietly and strategically.
• 🤔 The speaker concludes by encouraging self-reliance in decision-making, advising hobbyists to trust their own judgments rather than being swayed by negative feedback from others.

Q & A

What is the speaker's initial step when making long-term financial investment decisions in their hobby?

The speaker first logs onto platforms like Reddit and Discord to gauge opinions and expertise from others in the hobby before making long-term financial investment decisions.

Why does the speaker consult Reddit and Discord before making decisions?

The speaker consults these platforms to understand what others think about new card sets, get insights on market conditions, and hear the negative and positive opinions about the cards.

What impact do negative opinions on Reddit and Discord have on the speaker's decisions?

Negative opinions make the speaker reconsider their investment decisions, leading them to cancel pre-orders and question their involvement in the hobby.

What alternative does the speaker take after canceling pre-orders for new sets?

After canceling pre-orders, the speaker uses the saved money to indulge in a simple pleasure like a bacon cheeseburger and a chocolate milkshake while reflecting on the negativity in the news.

What is the speaker’s perspective on being positive about life or new card sets?

The speaker believes that being positive about life or the potential success of new card sets is unrealistic, and that it's more realistic to anticipate negative outcomes.

What long-term outlook does the speaker express about the future?

The speaker adopts a pessimistic view, believing that humanity is inevitably heading towards disaster, and that it’s better to prepare for a doomsday scenario than to remain optimistic.

What is the speaker’s attitude toward those who are heavily influenced by opinions on social media regarding card investments?

The speaker criticizes those who let online opinions cause them to question their investments, suggesting that if they are so easily swayed, they should not be involved in the hobby.

How does the speaker illustrate the potential for recovery in the card market?

The speaker uses examples like the Roaring Skies set, which initially saw a price drop due to a reprint but later increased in value significantly, showing that market recovery is possible despite initial negative perceptions.

What is the speaker's advice for those who are overly concerned about the market and card leaks?

The speaker advises such individuals to avoid obsessing over market trends and online opinions and instead to focus on enjoying the hobby for what it is, rather than making it all about financial gains.

What does the speaker suggest about the influence of active online communities on the overall market?

The speaker believes that the opinions of active online communities on platforms like Discord and Reddit have minimal impact on the overall card market, which is driven by a much larger, often unseen, player base.