Conversations with Myself: Limited Items (Part 1)

Conversations with Myself;

Limited Items  (Part 1)

Hello, FiniteBlox here. I decided to share my opinion about the Catalog today, and thought to myself, "What better way to do that then talking to myself?" So here you have it, me talking to myself about the Catalog (specifically Limited Items).

Me:

I think having a conversation with myself is a wonderful idea.

Me:

Shut up. We're supposed to talk about the catalog.

Me:

Fine, fine. The catalog, right. I myself am a little bit of a trader, with roughly 14k RAP worth. I thought I might throw together something explaining the catalog a bit, and what makes limited items rise and fall in price.

Me:

I'll start off with the original sales of limiteds. When a limited sells out, prices skyrocket. Other users see that they missed an item, and want to try to snag it.

Me:

Yes, and when that happens, limiteds rise very fast. But on limiteds that have sold for especially low and have many owners, there are more people competing for lowest price. At benchmark numbers, such as 200, 250, 275, there will often be five or more sellers.

Me:

This severely slows down how fast the limited sells. It stays at the same price for several sales, leaving more time for people to try to sell for lower.

Me:

Lots of times, this is how a limited starts to fall to a more reasonable price. The hype slowly ends, though this can take days (or will never happen, depending on what reputation the limited has in other members of its series).

Me:

That's the beginning of a limited over-explained. When the limited is past the original hype, the demand either dies, it raises, or it lowers.

Me:

I'll begin with how they raise.

Me:

I was going to begin...

Me:

As I was saying, limiteds tend raise in price after a plummet in demand. Take the Azurewrath: Duke of Demons for example.

Me:

What exactly is the chart supposed to prove?

Me:

It's just there for reference. The Azurewrath, one of my old limiteds, is horribly low in demand. This happens when a limited's price raises faster than its demand. It sells maybe once, and owners raise prices to above what remotely makes sense. Slowly, over time, users will trade it away. The people who received it saw it and thought, "Easy profit." They combat for lowest price, and now that the price is near the RAP, it sells. This causes a huge jump in RAP. Note that this is just one way that a limited can raise.

Me:

Yeah, because we're too lazy to explain the other ways!

Me:

Sh...

Me:

So terribly lazy, in fact, that this is being split into two parts.

Me:

Part two will cover ways that limiteds lower and lose demand. That'll be all for this part, though!

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Do you think I'm a complete noob when it comes to limiteds? PM (or tweet) me what I messed up, and I'll slap it in Part 2.

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Thanks for reading,

~FiniteBlox