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Trip180

Trip180

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Zorb49 said :
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. Dip. But rares might currently be in a long term rise. So, it might not matter. There's currently a major problem with gp storage. If you can store gp in a new coin, some will do that. If you can stake with a new coin, some will. Similarly, if you can trade with a new coin instead of using lower rares, you will.

It'd cause a fall, but it's not a big deal either way. If you're on an escalator, and I push you down one step, you're still going up. We've got serious inflation right now.

A more significant hurdle for rares would be if new rares were introduced or if some token drew interest and gp. There has to be some reason a phat owner sells one or more of his phats, some thesis that another item will rise faster or desire to hold a different item. 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 22:21:35 - Last edited on 09-Aug-2021 22:25:03 by Trip180

Trip180

Trip180

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Everything has a value though, and markets get overheated. 18m, or whatever fish mask is at, might be a little premature. So, things could fall.

I'm hoping we see a turn into tokens that I own. But we might not. 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 22:23:18

Destruction

Destruction

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Trip180 said :
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.

They duped the gold and bought out partyhats, yellow are the cheapest so maybe that's why.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

10-Aug-2021 09:22:20

Destruction

Destruction

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Zorb49 said :
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.

The prices would be lower for the time being of course.
The action or process of causing so much damage to something that it no longer exists or cannot be repaired.

10-Aug-2021 09:23:33

ELITE STACK
Mar Member 2014

ELITE STACK

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Destruction said :
Zorb49 said :
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.

The prices would be lower for the time being of course.


I agree. Why would someone hold items when they could hold cash? I need my blue charms back.

10-Aug-2021 16:17:13

Nead
Sep Member 2012

Nead

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Theos said :
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.

Agreed completely. As someone whom was involved in this market a decade ago, it's now amusing to see players paying 2B+ for a cosmetic "dye" for one random armor piece :P .
- Ornery Onions -
Prioritizing inclusion, friendliness and offering a helping hand to those that need it.

10-Aug-2021 16:33:10

Fun Lupon
Jan Member 2023

Fun Lupon

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Nead said :
Theos said :
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.

Agreed completely. As someone whom was involved in this market a decade ago, it's now amusing to see players paying 2B+ for a cosmetic "dye" for one random armor piece :P . The goblins of goblin village are laughing hard

10-Aug-2021 16:52:42

Trip180

Trip180

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Destruction said :
They duped the gold and bought out partyhats, yellow are the cheapest so maybe that's why. Purple was already going up. It is odd seeing purple move higher, but very briefly I have seen yellow fall below purple in the past, during at least one panic. I've also seen 3x purple for a blue; no panic was even needed for that, just hoarding.

In RSC, near the end, supposedly purple became king again, though duped. People like their pink/purple.

I reject Elite Stack theory. *world shakes* 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. :(

11-Aug-2021 01:44:42

King Bibbler
Jan Member 2016

King Bibbler

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Theos said :
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.

A solid explanation. I agree that the price trend isn't surprising. More people than ever have countless billions to spend and are looking for endgame goals, should we then be surprised that the pinnacle achievement of wealth also costs countless billions in turn, especially when there are less high hats than there are rich players who want them? With regard to higher hats, this naturally follows.

11-Aug-2021 03:26:38 - Last edited on 11-Aug-2021 03:30:11 by King Bibbler

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