Time Interval on Store

[Vvildfire]

Or will it... Teehee xD

Why thanks! xD

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I'm a bit sad I can't buy the crate keys (in time), but I'm guessing it helps preserve the item's price. I wanted to buy the keys because you could gain 300k from those 30 plat; if everyone could take as many as they wanted, the price would lower considerably and possibly fall as low as 100k (yikes!), and, well, I wouldn't want to buy the keys anymore in that case xD

[Kenzou]

Why thanks! xD

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I'm a bit sad I can't buy the crate keys (in time), but I'm guessing it helps preserve the item's price. I wanted to buy the keys because you could gain 300k from those 30 plat; if everyone could take as many as they wanted, the price would lower considerably and possibly fall as low as 100k (yikes!), and, well, I wouldn't want to buy the keys anymore in that case xD

Ya exactly but 10 kits every 2hours is not enough maybe make it atleast 25 xD

[Shimada]

Why thanks! xD

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I'm a bit sad I can't buy the crate keys (in time), but I'm guessing it helps preserve the item's price. I wanted to buy the keys because you could gain 300k from those 30 plat; if everyone could take as many as they wanted, the price would lower considerably and possibly fall as low as 100k (yikes!), and, well, I wouldn't want to buy the keys anymore in that case xD

So much for preserving the price. Items are being generalize in stock limit. Whether its sallable or not. You see this kind of concept is not viable since all items are differ on demand, as I can see here theres no actual analization on the market demand. They just posted the item crate in featured and set the limit to a very small quantity. They don't even bother if this item is sallable or not.


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[Potato is me]

So much for preserving the price. Items are being generalize in stock limit. Whether its sallable or not. You see this kind of concept is not viable since all items are differ on demand, as I can see here theres no actual analization on the market demand. They just posted the item crate in featured and set the limit to a very small quantity. They don't even bother if this item is sallable or not.


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If you have followed key prices, the price remained pretty constant from the time of release until now, meaning the demand and supply of the key has pretty much be in equilibrium for a long time now, any external production of the key will lead to a fall in the equilibrium price due to a surplus of keys in the economy.

If you think that you 1.7k plats will earn you good conversion rates into gold, you need to think again.

Currently the items that are available in locks are not tempting enough for players to open locks with keys, most players who buys it are probably hoarders waiting for winter event to come and hopefully cause a rise in price of the keys, hence there isnt much outflow of keys from the economy.

Out of 100 keys chests circulating in the market right now, i would say that 99 of them are not being opened since the start of this month (After halloween event)

It is only right for sts to release the keys in minute quantities if they even plan to do so

[Shimada]

If you have followed key prices, the price remained pretty constant from the time of release until now, meaning the demand and supply of the key has pretty much be in equilibrium for a long time now, any external production of the key will lead to a fall in the equilibrium price due to a surplus of keys in the economy.

If you think that you 1.7k plats will earn you good conversion rates into gold, you need to think again.

Currently the items that are available in locks are not tempting enough for players to open locks with keys, most players who buys it are probably hoarders waiting for winter event to come and hopefully cause a rise in price of the keys, hence there isnt much outflow of keys from the economy.

Out of 100 keys chests circulating in the market right now, i would say that 99 of them are not being opened since the start of this month (After halloween event)

It is only right for sts to release the keys in minute quantities if they even plan to do so

You dont think that I don't know the market demand as of now? Thats why when you checked cs I only posted one crate keys to observed. Ofc ill hold it when no movement in cs and release it during event. Just when is the last time they posted crate keys. Have you remember? Because it was long ago and even that time they dont put the time interval its still sallable with decent price compare to other items like elixer.


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[Potato is me]

You dont think that I don't know the market demand as of now? Thats why when you checked cs I only posted one crate keys to observed. Ofc ill hold it when no movement in cs and release it during event. Just when is the last time they posted crate keys. Have you remember? Because it was long ago and even that time they dont put the time interval its still sallable with decent price compare to other items like elixer.


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i dont quite understand you english but i can roughly grasp the jist of it.

1. It isnt just about you, if they release crate keys, you are not the only one buying it, so it doesnt matter if you want to hold or not, thats your business. There are other players who have plats too, not just u, they will also take this opportunity to buy the keys and GLOBAL DEMAND will decrease while GLOBAL SUPPLY will increase.

2. If you are referring to the last time they sell the 25 and 50 keys the price of keys 1 month after the event was around the same price as of now, 250k - 300k for 25 keys 400k - 600k for 50 keys. Meaning the demand is pretty low and the supply is still quite high in the market.

Let me show you this lovely diagram



So to let you understand it, we assume demand for crate keys remain the same in the economy, P (Price) right now is say 300k for 25 keys, when the release more keys in store, supply will shift right from s to s1 causing price to decrease to P1 lets say 200k.

Hope this helps

[Shimada]

I dont need a graph to understand you point bruh. I dont mind other people buying crates. 200k still fine for me compare to buying elixer. Hope you got my point too.


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[Potato is me]

I dont need a graph to understand you point bruh. I dont mind other people buying crates. 200k still fine for me compare to buying elixer. Hope you got my point too.


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200k is an assumption, there is also the leftward shift of demand, since many people would rather spend plats now, they will not buy keys from you, they will buy from store, i saw some threads of people showing off their plats like this dude who was thinking of buying vanity weapons with his 1700 plats. The reason why people buy from cs now is to stock it because they predict price will rise during winter. If sts release keys now, I dont think many will really buy keys from cs because THERE IS NOTHING GOOD TO BE LOOTED IN LOCKS NOW. Meaning there will be a huge surplus of keys in the economy and price might even go 100k for 25 keys.

I really hope sts will release keys before winter event to prove my point correct lol

[Shimada]

See. I'm just another plat buyer just like everyone else here, trying to invest with good intention to the best of what I can get out of the plat I purchased. See the vanity worth 300 plat is not even worth it. Buying elixer is not even generating a descent price. I've waited for this moment on keys so that I could purchase some good gear out of the gold income but all I get is a frustration. I'm not even demanding now to remove the interval. What was just request is to higher the limit because as what previously been encounter is the moment you clicked buy it's already sold out and now it's totally gone. If the store is keep going to be like this , this might be the last plat I'll purchased. It's not even about when to release again, its about the method of selling the crate keys in the store. Imagine how many people would buy plat if winter comes and same method of selling. Just imagine the frustration.

[Potato is me]

See. I'm just another plat buyer just like everyone else here, trying to invest with good intention to the best of what I can get out of the plat I purchased. See the vanity worth 300 plat is not even worth it. Buying elixer is not even generating a descent price. I've waited for this moment on keys so that I could purchase some good gear out of the gold income but all I get is a frustration. I'm not even demanding now to remove the interval. What was just request is to higher the limit because as what previously been encounter is the moment you clicked buy it's already sold out. If the store is keep going to be like this , this might be the last plat I'll purchased.

i understand how you feel, the reason why u couldnt buy the keys is because there is high demand on these 1 keys for plat on it. Being able to purchase it is like striking lottery because i see them selling for at least 100k in cs which is silly.

This cause many people to camp in the store to snipe the keys. However, if sts increase the output of it, the key economy is really going to crash

Imagine u might get 1 glowstick in 30 locks which can make you 6m
To open 30 locks u need 450 keys which is 18 x 25 crate keys chests.
Let price of the 25 keys chest now be 250k, 18 of it is 4.5m
So if you open locks now to try loot the most valuable item you can get from lock right now, is equivalent to saying you are putting 4.5m to gamble for a 1.5m profit.

I dont think many people will do such a thing.

We will need to wait for the economy to sink out the available keys before sts can introduce new ones. In the mean time, if you want to convert plats to gold, there are many things you can buy to have a good conversion. I wont tell you what items they are but i am doing it on regular basis when the price are right, but a big clue would be try looking out for housing items

[Shimada]

Thanks for the advice bruh. Yeah I'll check that because as of now there's no other way I could gamble my plat to.

[Probationer]

i dont quite understand you english but i can roughly grasp the jist of it.

1. It isnt just about you, if they release crate keys, you are not the only one buying it, so it doesnt matter if you want to hold or not, thats your business. There are other players who have plats too, not just u, they will also take this opportunity to buy the keys and GLOBAL DEMAND will decrease while GLOBAL SUPPLY will increase.

2. If you are referring to the last time they sell the 25 and 50 keys the price of keys 1 month after the event was around the same price as of now, 250k - 300k for 25 keys 400k - 600k for 50 keys. Meaning the demand is pretty low and the supply is still quite high in the market.

Let me show you this lovely diagram



So to let you understand it, we assume demand for crate keys remain the same in the economy, P (Price) right now is say 300k for 25 keys, when the release more keys in store, supply will shift right from s to s1 causing price to decrease to P1 lets say 200k.

Hope this helps

You don't know the elasticity of demand so it's hard to judge the price, you never know...people could collude and restrict output to sustain there abnormal profits hehe

[Potato is me]

You don't know the elasticity of demand so it's hard to judge the price, you never know...people could collude and restrict output to sustain there abnormal profits hehe

Firstly, as i have mentioned above, there is no real need for people to be using crate keys now, meaning the degree of necessity is low, which is a factor of the price elasticity of demand. this is due to the high cost of risk involved which do not encourage many people to open locks, hence demand is price elastic. The fall in price will be more than proportionate to the increase in demand due to the lack of need for crate keys.

Secondly, collusion can only occur when there is a few producers of the keys with high market power, high barriers to entry and they can either choose to set the price or the output, in this case, if STS release crate keys, the price is already set, the output can hardly be controlled because there is low barriers to entry, many people now have access to plats, be it plat offers or through money, hence it is almost impossible for someone to restrict output unless they create an artificial demand by buying up all the keys that goes up on cs. This requires a lot of gold to do so, and hence the supernormal profit cannot be sustain in the short run.

In the long run, there might even be subnormal profit if sts do not release anything valuable in lock crates that are worth at least 12 m (Twice the profit one can earn if he spend on opening a benchmark of 30 locks or so) The demand for lock crate will continue to fall, and thus creating even more surplus in the economy.

You have to keep in mind that one of the condition for price discrimination for firms who collude to gain profits is that resale of product is not possible, however due to people nowadays having a hoarding mentality, the keys will always be floating in the economy and not used

[Probationer]

Firstly, as i have mentioned above, there is no real need for people to be using crate keys now, meaning the degree of necessity is low, which is a factor of the price elasticity of demand. this is due to the high cost of risk involved which do not encourage many people to open locks, hence demand is price elastic. The fall in price will be more than proportionate to the increase in demand due to the lack of need for crate keys.

Secondly, collusion can only occur when there is a few producers of the keys with high market power, high barriers to entry and they can either choose to set the price or the output, in this case, if STS release crate keys, the price is already set, the output can hardly be controlled because there is low barriers to entry, many people now have access to plats, be it plat offers or through money, hence it is almost impossible for someone to restrict output unless they create an artificial demand by buying up all the keys that goes up on cs. This requires a lot of gold to do so, and hence the supernormal profit cannot be sustain in the short run.

In the long run, there might even be subnormal profit if sts do not release anything valuable in lock crates that are worth at least 12 m (Twice the profit one can earn if he spend on opening a benchmark of 30 locks or so) The demand for lock crate will continue to fall, and thus creating even more surplus in the economy.

You have to keep in mind that one of the condition for price discrimination for firms who collude to gain profits is that resale of product is not possible, however due to people nowadays having a hoarding mentality, the keys will always be floating in the economy and not used

The fact still remains that these commodities are a luxury when compared to gear, pets etc. Which are ultimately what players require to progress through the game. However, after acquiring these players are left with not much to do except purchase luxury items, crate keys being one of the few real sunk costs within the game currently and may seem like the only rational thing to do to people is to purchase them. With the hidden incentive of making profit which could potentially be gained from opening locked crates, some may see gambling as a way of maximising there utilty while others may do this by simply hoarding as you said or not purchasing at all and being conservative in terms of gold.

Regarding to what you mentioned about players not being able to keep it up in the short run is dependent on the consumer and supplier as the supplier may be able to make a short term loss and rely on imperfect information to absorb the consumers surplus to retrieve a normal profit of potentially an abnormal profit. However, in the long term once supply exceeds demand and the market is in disequilibrium then consumers will be more aware of the risks involved when considering the costs and benefits which may influence loss aversion as there will be a flood of keys within auction dictating there price and forcing people to become price takers, whereas currently players can be price makers.

I'm not sure how price discrimination comes into this as keys are purchased with platinum which has no precise conversion to gold, so how does one know if they are maximising there profits?

[blazerdd]

I would just like them to come back to the store so I at least have a shot at some.