Forums

People do sell phats, even long time holders, if they're stable or slowly declining. The expectation is the person will be able to rebuy for a similar amount. This stability/decline continues until... supply runs dry. Then, prices rocket up, and theories of a buy out are declared.

But rares do not only go up due to hoarding. They also rise due to little people taking little actions, cumulatively. Pursuing a phat is a common goal, and a stable price results in new buyers obtaining one or two.

When I returned to rs a few months ago, I had a few rares, and almost no cash, no way to make money. I couldn't even afford membership. By selling one rare, however, I could suddenly afford everything. I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity.

03-Jul-2020 02:16:33 - Last edited on 03-Jul-2020 02:17:42 by Trip180

I think pursuing a phat is more of an old idea. For too many new players, the goal is completely out of reach, so they're more likely to set their sights on something attainable for them, like a santa hat, for example.

I hate to say it, but the truth of the phats market is that it is just the same few of us, maybe 20 players total, and their alts, trading phats back and fourth.

Often phats are traded for other phats - swapped - for other phats with bit of gp added or other phats; not often, does someone just come in with a mass shards stack to buy a phat, meaning that their prices are pretty fictive in a lot of ways.

You're very lucky if you get a shards stack for a phat.

I say this as someone who also owns phats.

If blue was priced at 500b, ex, you wouldn't ever get someone with 500b to throw at you. It would just be white, valued also at some ridiculous amount, and a green and a bit of cash. Things like this.

The future of the phats market in my view is stable prices, if not less. And if they ever do go up, in the style of growth like they had pre-2017, it's going to be more of a symbolic value than anything.

IMO, they're not a great long term investment anymore, as they seem to have reached their market cap. I'm known as Rich King Midas, and when you look at me, you'll see a king who knows a thing about his treasury. I never cared for women. I've never cared for wine. But when I count a large amount of money - ha ha - it's divine!

03-Jul-2020 04:35:10 - Last edited on 03-Jul-2020 04:47:40 by RichKngMidas

03-Jul-2020 04:50:39 - Last edited on 03-Jul-2020 04:52:44 by RichKngMidas

03-Jul-2020 05:18:47

03-Jul-2020 05:21:34

03-Jul-2020 05:33:57 - Last edited on 03-Jul-2020 05:34:48 by RichKngMidas

03-Jul-2020 08:59:37

RichKngMidas said :
Let's stay on topic, please.

Does anyone have any predictions as to how an upcoming DXP will impact the rares market? How about GWD3? Without question, DXP + GWD3 are negative for the rare market.

This doesn't mean rares will fall. It means these forces will be negative. They could always be countered by positive forces, such as renewed interest/faith in rares or inflation.

H Rassy,

I just bought a phat with shards. I nearly always buy/sell in shards. You're getting carried away.

Until blue/cracker reach max shards, this won't change. It is very common to see a max shard stack. I've actually had over max shards. I still have a giant stack of them in my bank.

Rich people, people with more money than I have, seem to store shard boxes when believing rares overpriced. I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity.

03-Jul-2020 09:01:08

03-Jul-2020 09:04:47