I think it's a good thing, though maybe not for the wallet. From time-to-time I feel like it's nice not to be "the only" guy chasing his stuff and it can be exciting when new competition enters the market, as those new adds feel that much sweeter I've found. New competition also forces me to appreciate what I have in my collection already if I miss out on a few 1/1, which has happened a few times in 2020 so far.
Best of luck picking up those rarer Luongo's! 
