Mar 20, 2012, 05:58 AM
I haven't been trading for a while, but I keep an eye on SOP, since I do intend to dip my toes back in the shark infested custard at some point soon.
What I've been seeing is that this artificial scarcity has done nothing but stifle the market. People seem to be a lot less willing to risk a venture with new hats, and as such have been resorting to much more... shall we say, morally grey means to get their hands on hats.
I personally (incorrectly) predicted that buds would peak at $30 and then slowly drop back down to $22 after a month or so at peak price price. Well, the peak was $35 and it lasted for a month, and the crash has begun. The question now is, will the value of buds be able to get low enough for the market to see some revival.
I think it all comes down to one main factor. The price of keys. Unless keys go back up to their $1.80 value then bud value will remain high-ish. The only way for the key prices to go back up is for people to start opening crates en masse. It all comes down to Valve releasing a half-decent large update.
What I've been seeing is that this artificial scarcity has done nothing but stifle the market. People seem to be a lot less willing to risk a venture with new hats, and as such have been resorting to much more... shall we say, morally grey means to get their hands on hats.
I personally (incorrectly) predicted that buds would peak at $30 and then slowly drop back down to $22 after a month or so at peak price price. Well, the peak was $35 and it lasted for a month, and the crash has begun. The question now is, will the value of buds be able to get low enough for the market to see some revival.
I think it all comes down to one main factor. The price of keys. Unless keys go back up to their $1.80 value then bud value will remain high-ish. The only way for the key prices to go back up is for people to start opening crates en masse. It all comes down to Valve releasing a half-decent large update.