valygar
Guardian
- Joined
- Apr 25, 2007
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- mat valygar thijs
Those of whom regularly use or find himi have noticed that the price is in a free fall, much like the stock exchanges were around the globe untill yesterday. The question is: how does something like this work?
Ofcourse it's a question of supply and demand. But I don't think it's that simple. I think ups and downs of the %'s of rare materials, are comparable to the ups and downs of shares. It seems that as soon as people see the price going down a bit, all they can think of is selling their stock ASAP (meaning they will have to sell for lower then the average % in auction). Result: price will make a free fall.
I am in a tight spot atm. Having quite a collection of himi stones in my storage, I was not a happy man to see the price falling. But instead of selling it all, I decided I'll hold on to it, untill the price has at least stabilized. This might not be a smart move, but I don't want to do what everyone else does at this moment: panic.
Threads that complained about the decrease in price have also not done the % any good (from the miner's perspective that is ) and I wonder if these people are unaware that they shoot theirselves in their own feet (although you might argue that it's not clear if this thread will help).
So, I'm trying to convey the message that when a situation like this happens, reacting in a calm way will might be the best option.
Do you agree or disagree? Discuss
Valygar
Ofcourse it's a question of supply and demand. But I don't think it's that simple. I think ups and downs of the %'s of rare materials, are comparable to the ups and downs of shares. It seems that as soon as people see the price going down a bit, all they can think of is selling their stock ASAP (meaning they will have to sell for lower then the average % in auction). Result: price will make a free fall.
I am in a tight spot atm. Having quite a collection of himi stones in my storage, I was not a happy man to see the price falling. But instead of selling it all, I decided I'll hold on to it, untill the price has at least stabilized. This might not be a smart move, but I don't want to do what everyone else does at this moment: panic.
Threads that complained about the decrease in price have also not done the % any good (from the miner's perspective that is ) and I wonder if these people are unaware that they shoot theirselves in their own feet (although you might argue that it's not clear if this thread will help).
So, I'm trying to convey the message that when a situation like this happens, reacting in a calm way will might be the best option.
Do you agree or disagree? Discuss
Valygar