11 replies to this topic

[jimmylegend]

Was wondering if you got a item that'll get retired soon
i.e "The First Decade" book


And a group of five people with a load of NP bought most of them from the shops and inflated it to 100k and then sold.
Would it work?
Or would loads of other people start selling and you make a loss?

[unworthy]

well all 5 of you would get frozen, especially if you talked about it on the boards. But even so for newer items like that it would require more people then just 5 i think you underestimate how many copies are out there and how many players will start selling them off if you try to inflate. The item is too new(as far as i know) to inflate and keep the price up.

/Edit

So don't bother hah.

Edited by unworthy, 21 November 2009 - 09:39 AM.

[Sasha]

Stocks are a much better and safer investment. imo.

[Zala]

Might be possible looking at how slow stocks move these few days. If you get a group of rich people, it might work.

[truecrimes]

It is in fact possible but not easy. Over time if you keep buying them all out you will eventually drop the supply to the point where you 5 control the majority. The problem with this you always have some phaggot 10yr old who puts 20 copies of the book for like 25k, they flood the market and hold the price their with their vast amount then every other phaggot 10 yr old under cuts him and BAM deflation. You would have to have a HUGE sum of neopoints but yes you would control the price of the book after a while if you create a monopoly.

Edited by truecrimes, 21 November 2009 - 10:14 AM.

[Zala]

there will be 24/7 10 yr old all around the world. Sadly Try inflating those useful items, or you may have alot of that items but no real value.

[jimmylegend]

It is in fact possible but not easy. Over time if you keep buying them all out you will eventually drop the supply to the point where you 5 control the majority. The problem with this you always have some phaggot 10yr old who puts 20 copies of the book for like 25k, they flood the market and hold the price their with their vast amount then every other phaggot 10 yr old under cuts him and BAM deflation. You would have to have a HUGE sum of neopoints but yes you would control the price of the book after a while if you create a monopoly.

So I guess 1.2mil isn't enough then? lol

Hmmmm.
Anybody ever been successful at this?
have you heard about anybody?

[truecrimes]

So I guess 1.2mil isn't enough then? lol

Hmmmm.
Anybody ever been successful at this?
have you heard about anybody?

You could cause some decent inflation maybe a 5k jump id say off the top of my head. If you can make the price 35k but have bought them all for less then that you will make a nice chunk of profit. The risk is some hoarder might dump a lot of them in his shop for a cheap price. You really need to see how many you can buy, how many are on the shop wizard, etc. Run some numbers. the real goldmine here is that it MAY be retired and then it will inflate even more.

[unworthy]

yeah I have spent over 1 mill on certain things and the price doesn't go up a lot. The problem is that when you start making the price go up you will reach that price that other hoarders are willing to sell their items at. And i thought that over 50% of neopets users were under 12 years of age or something.

But anyways, things to keep in mind.

How long the item has been out
How high the price has already went from the original.
How many neopoints you have
How desirable the item is.

If the item has been out a while like a year or so you can bet there are thousands of copies out there hoarded. What this means is that if the original price was 1k and you raise it to 5k eg. There might be half a dozen users who decided to hold on to the item untill it doubled or tripled. Therefore they will all start selling their copies when they find out the price raised. If you have the money to buy them all up it wont affect the price because you will have them all and the price will continue to rise. What this means is that investing in older items can have it's complications.

Now

For new items you face the insanely large volumes of the item coming in BUT you are probably buying them at the cheapest price they will ever be so you cannot really go wrong as long as your sure it will go up. In the case of the first decade my belief is that it was a little rare(not all players got them. I did the event all 10 times and didn't get one) and that it was posted on forums about how it might go up. I looked on the darkstar site or whatever and they posted it and believe me tons of people read forums since you can look up "item hoarding" in google and find the specific posts. So basically I think that the book only went up because of a self fulfilling prophecy and that people overcommited to the point of willing to spend 30k on the book. The lucky thing for people such as myself who did invest in the book is that so many people got in on it the price stayed up and hasn't completely deflated, now they are at 21-22k which is still way less then I sold most of mine.

As for the new items this might not always work. The first decade is a kind of exception because of as neopets would say"conspiring to inflate indirectly" If you want to see a failure. The book of heroes reprint after it went retired shot up to 25-30k if I remember correctly. Now it is worth 5k. Keep in mind that this was given out to every user on neopets so there were a few more then "the first decade".

Wow I typed a lot i'll shut up now

[iargue]

I dont remember what the article said. I read an editorial on this stuff. They said that messing with the economy wasnt freezable... I think.


You can only inflate a market for retired items worth something?

[bamban]

unworthy, would you think there are more 'Tales of the Esophoger' in neopia or 'The First Decade'?

I see a lot of similarities between the two books although 'The First Decade' is intrinsicly more desirable.

Also, the Ghostkerchief Grab Bag parallels with the 10th Birthday Goodie Bag. The former needs only a small push before it will become unbuyable

[saif]

Extremely difficult, as the amount out there is crazy