Counterstrike GO has a massive trading and buying marketplace, the top collectors pay 5 and 6 figures for skins and stickers that go on your guns, knives and gloves. You pay a couple bucks to open loot cases and most of the time get pure shit but you have a small shot at hitting the jackpot, they defintely turned a bunch of teens into degen gamblers.
pretty amazing that when this thread opened there were 280 unique buyers and there were 41k today and I’m still not rich.
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How is @Riverman not in here doing pulls? Perfect combination of sports, gambling, incompetence, and lunacy that is guaranteed to have an insane ending.
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@goofyballer or anyone have you figured out a way to refresh the ‘explore all listings’ thing without refreshing the page? refreshing the page requires clicking again to explore all listings and takes more time
Blockchain is the devil.
Also - is there anything to read on optimal strat? Like if something is only $7 should I just HODL and hope it’s randomly part of collection?
Seems like CC are mooning now. I held my PJ and the lowest is up to $250.
PJ will drop after the AD challenge is over. I’m semi interested in it though.
Optimal strat is time the market perfectly then buy the dip after the crash. No one knows exactly what’s going to happen which is what makes this game interesting.
Pretty sure all of the data that JS box is using loads on the initial page request so you have to refresh to update. The seller ID and name, mint uuid, listing uuid, price, and serial for every listing loads when you load the page.
Seems like you can make decent money flipping then with your program that is scanning the postings. Until they patch that bug at least. It’s hard to see a $6 posting or another $5 posting on Chris Paul without spam refresh on the page since the $5 lowbid that is glitched still shows as the low price
i’m no economics expert but it appear that letting goofyballer know about this wasn’t beneficial
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I should have stayed in school
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WHEN PACKS
Cam Reddish also bugged
Picked up a couple of Lonnie Walkers @10
Google the Dunning Kruger effect.
My personal take is that the crash isn’t going to happen until the market is flooded with packs/new cards. The topshot team publically states their end goal is to get to the point packs are always publically available.
The thing is though we are at least weeks or months away from this reality. Right now their pack drop system is so messed up distributing 100k new moments in a week is something they have never done to my knowledge. Even these new moments which will have more minted than ever is only an increase from 15000 to 25000 (at least initially). Meanwhile the marketplace is doing EIGHT FIGURES WORTH OF BUYS A DAY.
Even if 90% of that is flippers and 10% are HODL diamond handers you have a situation where demand for additional moments vastly vastly outpaces the amount of new moments being created. That doesn’t even factor in the amount of new user growth is still in an exponential phase.
So when I see people here talking about a crash I guess I assume they are talking about one in the medium to long term. Because basic econ 101 tells me that as long as demand outstrips supply the price can really only go up. And that situation is likely to hold as long as barely any new moments are being minted. Once they start doing pack releases daily or the releases start being 500k new moments that will be the warning sign to start considering pulling the plug in my opinion.
Also 117x25000 new moments will not flood the market. That is only a little less than 3 million new moments. They have 100k+ users and growing and at most that will make a tiny dent in the current appetite for the product. They could easily sell them all today and they plan to sell them over the next few months. I don’t see how that does anything but continue to drive the frenzy.
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Remember like 24 hours ago when there were hundreds of them for $1?
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Exactly
Already up to 11$!
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The junk wax era is usually considered to be something like 1987 to 1994. Beanie Babies was approx 1995 to 1999. The academic writings I’m familiar with on Tulip Mania usually say that the actual bubble was much shorter and involved far fewer people than what is often portrayed. For example:
Though it is always mentioned first among the list of obvious manias, no serious effort has ever been expended to investigate the market fundamentals that might have driven the tulip speculation. This paper compiles time series on individual tulip prices and examines market fundamentals potentially driving prices. Most of the “tulip-mania” was not obvious madness. High but rapidly depreciating prices for rare bulbs is a typical pattern in the flower bulb industry. Only the last month of the speculation, during which common bulb prices increased rapidly and crashed, remains as a potential bubble.
https://www.jstor.org/stable/1830454?seq=1
Yes, but I think we need to evaluate what medium to long-term means in today’s market. Things move faster now, people have shorter attention spans, and the distribution channels are different (direct with low barriers to entry). I imagine a lot of the demand is pandemic-based and will ease up when things get back to normal. Also, the longer this goes on, the sharper the market will get when tout advice and sniping tools become widely available. More fish will realize that overpaying for Maxi Kleber is a money loser and will instead be in there sniping $2 cards with goofyballer using the Professional Top Shot Trader Tools(r) available from Bales for $29.95/mo.
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