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Is dozen players a market?

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Theos
Aug
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2008

Theos

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It is tough. If owning a partyhat is an "end game challenge" for maxed and completionist players, clearly every maxed or completionist player won't be able to get a partyhat. Through time, scarcity, and more exiting the market...it doesn't surprise me that we're seeing such "high" partyhat prices. I quote high since it is all relative, as Trips pointed out. Many other rares have scaled to partyhat price increases.

I would argue that tokens, and other investments have a lot of room to grow due to inflation and there will be a need for new currencies. As the rares market gets smaller and more exclusive, I think we're going to see a lot more activity and action in other markets. Additionally, I think we're going to see some of the more affordable rares become the "poor man's partyhat".

The partyhat market currently does feel like a small circle, and some argue there's rampant manipulation. Then again, when a market becomes so incredibly small with fewer transactions...it is only natural to see an increase in margins and fluctuation. Additionally, with the current inflation along with more players looking to obtain partyhats as an end-game accomplish, this price trend shouldn't be surprising. I thought 30B partyhats were outrageous, but given the current trends of the market it wouldn't surprise me if we saw 200-500B Blue Partyhats in just a few years from now if Jagex doesn't implement an update that directly addresses the current rate of inflation or affect the demand of these items.
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09-Aug-2021 14:08:42

Destruction

Destruction

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Desingerica said :
Destruction said :
RWT sites took 90% partyhats out of the market, pair that with gold dupe that happened last year and you get this situation, unfortunately.

Edit: typo

what gold dupe?

Tenebri linked you the video. I could tell you with my own words but video might be enough for you, it's good.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

09-Aug-2021 15:10:02

RSGOTMEFATT

RSGOTMEFATT

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I feel they duped rares too but kept them out of market and used the duped shards buy up rest of the rares pushing the price up. you can see santa skyrocketing before the dupe news came out that was the dupers buying. dupers want rares to stay at sky high prices as they rwt them. there's likely a bunch of duped rares sitting in some bank but nothing to worry, unless they start dumping them which is unlikely.
Grand Exchange: Finished buying 1 x Christmas cracker

09-Aug-2021 16:15:39 - Last edited on 09-Aug-2021 18:17:35 by RSGOTMEFATT

Destruction

Destruction

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RSGOTMEFATT said :
I feel they duped rares too but kept them out of market and used the duped shards buy up rest of the rares pushing the price up. you can see santa skyrocketing before the dupe news came out that was the dupers buying. dupers want rares to stay at sky high prices as they rwt them. there's likely a bunch of duped rares sitting in some bank but nothing to worry, unless they start dumping them which is unlikely.

Yes, all things in GE were bought out except for edibles but even they skyrocketed.
Thousands and thousands of Santa hats were bought out, they even paid extra for partyhats at that time knowing they will push it way further and that is what happened.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

09-Aug-2021 19:56:29

H Rassy
Sep Member 2023

H Rassy

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Good points,the market is getting thinner and thinner and that naturally causes wide spreads and margines/fluctuations.
The market maybe also has been sort of fragmented with many hats not going to the "open" market. I guess most stakers buy and sell hats between them without offering them on the forum or to the very few traders left in varrock.
Very few hats are traded in the open market,specially the higher hats. I think blue and white could be even less then once a week though i dont know the market well enough to be certain about that.

Prices could be a lot higher as well i feel and i dont think it will take that long either. It feels like blue could be 200b already but with so few trades beeing done it takes some time to get there.
Tokens i think wont be an alternative,their apeal is much lower and merchants still hold large stocks i do asume which makes their potential kinda small. A new currency isnt really needed either,it will just be hats for hats with cash or santas added and if yellow goes to max shards (which is well possible) then it will also be santas. I guess the market will come to a virtual standstill eventually,1 hat sold a month or things like that,specially for the higher hats this already kinda seems to be the case.

09-Aug-2021 20:00:49

Trip180

Trip180

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RSGOTMEFATT said :
I feel they duped rares too but kept them out of market and used the duped shards buy up rest of the rares pushing the price up. you can see santa skyrocketing before the dupe news came out that was the dupers buying. dupers want rares to stay at sky high prices as they rwt them. there's likely a bunch of duped rares sitting in some bank but nothing to worry, unless they start dumping them which is unlikely. People said yellows were duped, but the market never reflected that reality.

People claimed the price was down, but it wasn't, or wasn't as low as claimed. And there was no surplus in the market. Anything is possible, but if there was a rare dupe, it wasn't felt in the market.

However, when data was lost and "recovered," gem sacks started appearing everywhere. That makes me think gem sacks were "duped" in a sense. It's possible the token wasn't duped, but it's very odd to have a sudden surge in supply in a token that almost wasn't traded due to extreme rarity.

Most scapers are just regular people. I would expect duped rares to be sold in the market. Very few are smart enough for Elite Stack hypothesis. 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. :(

09-Aug-2021 21:41:26 - Last edited on 09-Aug-2021 21:44:08 by Trip180

Trip180

Trip180

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Theos said :
if Jagex doesn't implement an update that directly addresses the current rate of inflation or affect the demand of these items. I just get annoyed at how any who try to give price info are accused of manip.

The result is, I don't give info. I'm not in phats currently, but I don't give info on much anything now. It was fun having a community of traders, a trust system. But that feels largely gone.

And everything ends, not like it's some terrible thing. It's just sad to see that gone. 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. :(

09-Aug-2021 21:55:08

Zorb49
Oct Member 2010

Zorb49

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If we see a max cash limit removal/new currency, do we see the rares market taking a dip or a rise? This is going to make trading rares easier and more frequent. It seems like many people are under the impression this would make rares dip and stop manipulation...I see quite the opposite.
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~5.8b XP

09-Aug-2021 22:12:32

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