Blue Ridge, GA
Quoted from Coolpinballdino:In my area it seems like games that are priced right still sell pretty fast
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In my area it seems like games that are priced right ALWAYS sell pretty fast
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4 weeks later
Quoted from clarkmu22:Luxury car market and price of bitcoin are very much so related, imo... Cash is definitely king though. Especially now when you can get over 4% on your money risk-free while waiting for prices on all these items to come down!
And with 7-8% inflation you are losing money every day. But at least it’s better than your mattress.
Bitcoin price has very little to do in relation to luxury cars compared to tax rate, interest rates, and stock market growth.
Such a small number of people are in that market to start with and only a fraction of those actually made real money.
Serious, wealthy investors who buy luxury cars generally don’t get sucked into crypto in a way that alters their spending.
Quoted from QuickSilverShelby:The "everything bubble" is popping. The main thing to take away from the "everything bubble" popping is that the air doesn't come out of the bubble instantly. The air comes out over time. The stock markets peaked in November, 2021 (13 months ago) and the real estate market peaked here in Canada 11 months ago. The new and used car market is on its way down, Bitcoin peaked at $67,567 in November 2021 and the high end sports car market is coming off too. There's too many examples to list.
When markets pop, it usually takes months or even years for the air to come out, but make no mistake, everything is cyclical and what goes up to ridiculous valuations, will certainly come down. Do you think pinball is the exception to the rule? Do you think the pinball tree is going to grow to the sky? Not a chance. The air will come out of the over inflated pinball market just as it is coming out of all the other over inflated markets and the US Fed's, Jerome Powell, is leading the charge to make it happen. You only get the big picture when you look in the rear view mirror and reflect back on it, you don't always see it or fully understand it while its happening.
Buckle up and hold on to your cash, there's gonna be some great deals coming down the pipe. Stocks, real estate, cars, trucks, pinball, what ever you want. It's all going to be on sale in late 2023 & 2024 so why not wait for the sale.
Mark my words.
QSS
You are not describing a market ‘pop’ or crash. You are describing normal peaks and troughs of a market, which is where we are now as you outlined.
Things do pop instantly though. Like the US RE market in 07. Instantly lost 30% -50% of value in many places.
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