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Zelot Blueice
XTC Cartel
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Posted - 2010.10.19 05:20:00 -
[1]
This is no troll thread, but intended to be a serious discussion. Ever since blink came out, dramiels, harpies, and enyos especially have drastically dropped in price.
I would think so since they are the favorite to be blinked, as seen here: http://somer.idiofx.com/blink/?act=stats
Discuss.
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Companion Trollin
You are going too fast
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Posted - 2010.10.19 05:54:00 -
[2]
Yo dawg, I herd u liek poasting.
♥
Originally by: CCP Shadow Off-topic posts dealing with sexual orientation have been removed. Please keep this discussion on-topic.
Thanks.
-- Shadow
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Ash Donai
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Posted - 2010.10.19 06:29:00 -
[3]
Originally by: Zelot Blueice Discuss.
Only thing I am interesting in re:blink is how much RL cash SOMER made from GTC commissions. |
Machete Visor
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Posted - 2010.10.19 13:34:00 -
[4]
Originally by: Zelot Blueice This is no troll thread, but intended to be a serious discussion. Ever since blink came out, dramiels, harpies, and enyos especially have drastically dropped in price.
I would think so since they are the favorite to be blinked, as seen here: http://somer.idiofx.com/blink/?act=statshttp://somer.idiofx.com/blink/?act=stats[/url
Discuss.
interesting, but at the same time, i've seen somer purchase some of these items directly from me. so it seems like his demand would just be replacing demand from others...
he is taking a markup to allow people the 'opportunity' to MAYBE buy at a discounted price (for them discounted, but greater for everyone involved).
So not sure how that would affect prices... demand stays constant, if not increases?
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Calypsa Aeurelieus
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Posted - 2010.10.19 14:10:00 -
[5]
It really can tip a lot of ways based on the factors invovled.
SOMER has to supply the vessels, which means purchasing = Increased Demand
People win the vessels = Xfered Goods / Less Demand Since They Aren't Getting It From Market
People who win ships and use them = Increased Demand
People who win ships to sell them = Decreased demand ( and quite possibly sell price if they are looking to move them.)
I don't believe that it will be a major factor in the markets because it's a push pull system. I would however like to know how he's doing off of GTC's as well lol.
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Biruni Khan
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Posted - 2010.10.19 14:40:00 -
[6]
If there is a lottery ticket for $10 for a 1/100 chance of winning a new television I might take a gamble on it even though I'm not necessarily in the market for a TV. The people that are in need of a new TV that bought a ticket will probably end up buying a TV even if they don't win, so I think it will increase demand somewhat.
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Bernard Schuyler
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Posted - 2010.10.19 17:03:00 -
[7]
Originally by: Calypsa Aeurelieus It really can tip a lot of ways based on the factors invovled.
SOMER has to supply the vessels, which means purchasing = Increased Demand
People win the vessels = Xfered Goods / Less Demand Since They Aren't Getting It From Market
People who win ships and use them = Increased Demand
People who win ships to sell them = Decreased demand ( and quite possibly sell price if they are looking to move them.)
I don't believe that it will be a major factor in the markets because it's a push pull system. I would however like to know how he's doing off of GTC's as well lol.
Yes, and what's interesting there is this sort of thing could conceivably raise or lower the price while the supply remains constant. There's a Dram on contract, it is purchased to give to a Blink winner, who then sells it... where it is purchased to give to a Blink winner, who then sells it... ad infinitum.
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Ryu Kin
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Posted - 2010.10.19 18:24:00 -
[8]
I could see an increase in demand for some of the faction ships, while taking away some of the demand for the "feature of the month" ships.
Over the weekend I heard that pretty much every cruor had been bought off contracts to give away as prizes, they weren't originally very highly demanded ships but because of blink people must have thought to give them a try. |
Zelot Blueice
XTC Cartel
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Posted - 2010.10.19 19:27:00 -
[9]
Very interesting. Take a look at the price history of the Enyo. Significant drop recently in the Forge market, but not surprise seeing as its the top blinked ship. The more of something you have, the less it is worth.
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Valeronx
Celestial Horizon Corp. Fallen Angels Alliance
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Posted - 2010.10.19 19:48:00 -
[10]
Originally by: Zelot Blueice Very interesting. Take a look at the price history of the Enyo. Significant drop recently in the Forge market, but not surprise seeing as its the top blinked ship. The more of something you have, the less it is worth.
It might also be a drop just because more people are making batches of them in advance of the November update.
Without knowing how many people have chosen the Enyo instead of the ISK or Blink buyback option, it is hard to speculate on any effect Blinks are having.
For my own case, out of all of the Enyos and Dramiels I've won, I have only taken delivery of one of each of them. All the rest were buybacks into ISK or Credit.
I'm not in game ATM, but I'd be interested to see if tne Volume has changed any. Has the volume of Enyos traded in the Forge region increased in the past couple weeks?
.
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Zelot Blueice
XTC Cartel
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Posted - 2010.10.19 19:51:00 -
[11]
Increased significantly leaving the prices below 9mill. Not too long ago they were shortly below 18M.
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Thrasymachus TheSophist
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Posted - 2010.10.19 23:20:00 -
[12]
Ahh, the old paradox of rising demand causing price drops.
Monopsony and market efficiency (itself reliant on sufficient volume) jump out as suspects.
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Boogie Bobby
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Posted - 2010.10.19 23:36:00 -
[13]
Originally by: Thrasymachus TheSophist Ahh, the old paradox of rising demand causing price drops.
Monopsony and market efficiency (itself reliant on sufficient volume) jump out as suspects.
I guess I didn't stay in econ long enough to know what you're talking about, can you elaborate?
I honestly don't understand how blink could do anything to the market, every ship that's won must be bought from the market or the goods to build it removed from the market. Even if that guy turns around and sells it the total inventory on the market is unchanged, you've just done more transactions. Does that in itself somehow drive the price down?
The bigger effect is that since he's claiming to have turned 1 trillion in blinks, that means he's put ~100bil into his wallet and off the market. A drop in the bucket you might think but that's happened in a very short period of time.
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Zelot Blueice
XTC Cartel
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Posted - 2010.10.20 03:24:00 -
[14]
I would think so.
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Somerset Mahm
Somer's Omnibus Exploration and Reclamation Cognitive Development
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Posted - 2010.10.20 06:07:00 -
[15]
Hello!
I keep tabs on my numbers fairly closely. I don't think Blink has much of an effect on market prices, as the sheer numbers of ships available there simply aren't reduced that much by Blink, except for a few special cases.
For the most popular items, I try to source from builders directly as much as possible. Does this remove items from the market, or does it represent items that otherwise would not have been built? I'm not sure.
However, while I in no way think that Blink is big enough to be a force of change by itself, I have noticed certain price swings in our highest-traded items. Blink has bought and contracted, as of today, 831 Dramiels. When we started, I was buying them at 65M +/-. Blink consistently sells out Jita of all reasonably-priced Dramiels to the point of having to go to Rens (twice now I've literally bought every Dramiel in Rens until there were zero left.) And now Dramiels are at 75M-- this is quite a big increase for a month's time.
Regarding Cruors: we did at one point remove every Cruor that was on contracts. I subsequently found a builder who supplies me nothing but Cruors and so the contract prices don't affect Blink anymore. I did not see much of a price change on this item, however.
Vengeances went from ~9 mil to 15 briefly after I bought a hundred or so. I don't think this had anything to do with us-- there were still hundreds on the market-- but they're still at a higher price than before.
Re: 1 trillion+ of blinks - this number represents the total cost of all played blinks and is accurate (i.e. it doesn't include "test" blinks or something that would inflate it). Today, Blink ran 78 billion ISK of blinks. --- SOMER Lotteries SOMER Blink - new! SOMER Escrow Services |
Rasz Lin
Caldari Racketeers
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Posted - 2010.10.20 06:37:00 -
[16]
Just checked my contract history, then checked Yours and grinned a little, your last 10 accepted contracts are all from me :D
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Zelot Blueice
XTC Cartel
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Posted - 2010.10.20 13:15:00 -
[17]
Hm, very interesting Somer. The item I have really been following is the Enyo, although I believe I can see other examples in the market in a few places. For example, Dramiels. Ever since blink started they have raised prices. And I think its directly due to the demand.
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Zelot Blueice
XTC Cartel
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Posted - 2010.10.20 13:17:00 -
[18]
Edited by: Zelot Blueice on 20/10/2010 13:18:52 Argh, double posts.
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