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Golden Partyhat Discussion

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Gameist
Dec Member 2015

Gameist

Posts: 6,372 Rune Posts by user Forum Profile RuneMetrics Profile
Be Classy said :
Golden Partyhat chart update (OHLC, hourly):

Full timescale:



Zooming in on the week:



Holy shit. My guy plotted the Golden Partyhat like it's a stonk. Even got a MACD on it lmfao. I like the way you move G.
It has not been easy for me. I started off in Lumbridge. My father gave me a small loan of a million gold coins.

18-Dec-2021 18:12:44

KorbenDalass
Jan Member 2021

KorbenDalass

Posts: 55 Iron Posts by user Forum Profile RuneMetrics Profile
ELITE STACK said :
Alot of people are still mass farming kbd so it looks people will be doing this throughout the event. At these prices its 20m/hr to farm the phat assuming you take 20 hours.

smart thing to do would be act like the bitcoin miners and hoard most of the ones you farm for long term holding, selling only for expense covering and to make shareholders happy if it's the big publicly traded mining outfits

19-Dec-2021 17:46:06

Destruction

Destruction

Posts: 63,021 Emerald Posts by user Forum Profile RuneMetrics Profile
ELITE STACK said :
Alot of people are still mass farming kbd so it looks people will be doing this throughout the event. At these prices its 20m/hr to farm the phat assuming you take 20 hours.

Yeah, I see a lot of alts farming shards everywhere but price is stable for now which is great.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

19-Dec-2021 20:51:37

Yo Blue
Sep Member 2007

Yo Blue

Posts: 6,443 Rune Posts by user Forum Profile RuneMetrics Profile
Muk Luck said :
Pretty damn sure I bought the hat when it’s highest and lowest! 6.41B and 288m lol

dang dude u should of used that 6b to get you a lv 99 stat or a forum avatar
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Pulled 14 phats from crackers 5/6
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20-Dec-2021 09:33:34 - Last edited on 20-Dec-2021 09:34:18 by Yo Blue

H Rassy
Sep Member 2023

H Rassy

Posts: 17,469 Opal Posts by user Forum Profile RuneMetrics Profile
When is this hat gonna crash,my guess is soon though it could also be a slow process even after the event has ended. Something tells me that this hat is overhoarded and that the price is inflated as a result of that.

Like hoarding is effective if a relatively small amount of people has a stack,because then the stack could eventually be passed on to other hoarders. But if every potential hoarder has a stack its a bit different.

22-Dec-2021 00:59:24 - Last edited on 22-Dec-2021 01:03:13 by H Rassy

WiseIM

WiseIM

Posts: 12 Bronze Posts by user Forum Profile RuneMetrics Profile
H Rassy said :
When is this hat gonna crash,my guess is soon though it could also be a slow process even after the event has ended. Something tells me that this hat is overhoarded and that the price is inflated as a result of that.

Like hoarding is effective if a relatively small amount of people has a stack,because then the stack could eventually be passed on to other hoarders. But if every potential hoarder has a stack its a bit different.

It will never crash cause it is going to the moooon!!!

It is gonna be above max cash soon since it is discontinued . :P /s

22-Dec-2021 03:13:30

Destruction

Destruction

Posts: 63,021 Emerald Posts by user Forum Profile RuneMetrics Profile
H Rassy said :
When is this hat gonna crash,my guess is soon though it could also be a slow process even after the event has ended. Something tells me that this hat is overhoarded and that the price is inflated as a result of that.

Like hoarding is effective if a relatively small amount of people has a stack,because then the stack could eventually be passed on to other hoarders. But if every potential hoarder has a stack its a bit different.

It already crashed last week to 290M, I doubt it's going below that. If you ask me, the price won't change drastically when it gets discontinued, atleast not early on. There's really a lot of people who hoard a lot of them like you've said.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

22-Dec-2021 09:40:52

ELITE STACK
Mar Member 2014

ELITE STACK

Posts: 8,082 Rune Posts by user Forum Profile RuneMetrics Profile
The reason its overpriced is because it has the name "partyhat" people see other phats cheapest 1 at 35-38b and want to hoard them. 1 yellow = about 90 golds. Whats concerning tho is that its still being mass alt farmed along with everyone hoarding them. Assuming 50k phats were made so far that would be a 20trill market cap after 1 month of release while xmas scythe 7 years in has a market cap of 12.5-14trill at a price of 2.3-2.8b. And with more gold sinks coming in 2022 I'm not sure if prices can sustain unless we get gp dupes. I need my blue charms back.

22-Dec-2021 11:02:49

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