Originally posted by: fcgamer
I'd personally take VGA any day, though to me it's the best of two evils. In my personal opinion, there are too many conflicts of interest with wata, with many folks involved in pumping the prices also involved with the site. Flame me if you will, I won't comment more after this post, do the research and decide for yourself.
Imo hobbies should grow and rarities and values should be determined on their own, not by a company with vested interest trying to promote this or that for personal gain.
Firstly, being on an advisory board does not conflict people out in business. It’s entirely normal for people who are on advisory boards to profit from the company they are advising. If is NOT a conflict of interest. Secondly, “pumping prices” only works if, at the end of the day, there’s a real market that emerges. Otherwise, people pumping will lose money in the end. Like the dude who bought up all those Tokis a few years back and listed them for 5X, then after a few months had to sell for less than what he bought them for as others got posted for sale.
Right now, WATA definitely has captured a first wave of comic and other collector folks interested and buying and selling. The long term question is whether a second follows over the next few years. Either way, though, not much here is artificial, it’s normal market speculation.