So I'm not very good at investments, or economics in general, but I was wondering why people seem to put prices down? I mean, when you've invested in something, wouldn't you want it to go up in price?
For example, a card I've been looking at has had its price slowly pushing up, from ~400 clintz to ~500 clintz. However, every now and then, the same people put lots of copies on to the market at the same time. The price might be sitting at 520, and then all of a sudden 40 copies come out at 410. What's the strategy behind it?
People will usually drop a ridiculous number of cards on the market for a number of reasons.
Some want to brag.
Some are too stupid to use the auction feature to sell off their investments
Some are just plain stupid.
Some want to cut their losses on a bad investment.
And lets not forget those delightful assholes who purposely clog up the market to force competition knowing that there will be people who will price snipe out of desperation or inexperience.
Actually, I cant knock that last idea.its a pretty good one.
Fine,since I have a few minutes to kill.
Let's say there's a decent number of bob joby on the market. I want more knowing his price will increase but don't want to pay at that price which could be at any given time and that isn't good for my profit.
Not quite yet anyway.
So,I'll drop a few hundred copies on the market knowing very few people could or would consider buying a big quantity which would allow certain stupid marks(or people just selling) to undercut the price to get it sold quicker.
And voila,instant quantity in case my preparations aren't complete.
It happens a lot more often than you think,especially when you talk collectors.