Today, the energy market exploded to 10,000 cr per 100 ce, and there is literally no supply of energy on the market.
SK is officially bankrupt. I wanted to thank all of you hardcore energy market competitors who made this possible by killing profits to under 0.5% per 100 ce bought or sold.
I'm about to become a gazillionaire because of your efforts. Again, thank you kindly.
I can't wait to start selling energy for 25,000 crowns per 100 ce!!!!!
>> "No, this isn't a joke or a troll thread. It's the truth."
>> No pictures.
http://img.4plebs.org/boards/tg/image/1398/03/1398030665065.jpg
She isn't lying. She's being a bit dramatic, maybe, but she isn't lying.
8,4k is the selling price and 7,6k buying price, price is going back to normal, guess it was just a random occurence where someone had to buy immense amounts of CE all together and drained the market.
yeah some people go and do that
lots greedy people out there
The good thing about the orb update? F2Pers don't need to rely on energy to progress anymore. At all.
If prices get too high, no one will buy because no one will need it that badly. You can post as many sell-at-25k offers as you'd like, but lemme know how many sell :P
This occasionally happens. In theory it is highly unstable, and in practice it goes away very quickly. No big deal.
Also, you seem not to know the meaning of the word "officially".
That's someone playing with the energy market. Around midnight Spiral Knights time, when no-one will be buying energy.
Yes, PST. Since that's where their main headquarters is - San Francisco, California. (Sidenote - I passed by the SEGA building a few months back on the freeway)
This could help since we're still under DST (until November 2)
There is a wiki article about Time, that tells you the time zone, the daylight saving policy, etc.
Today alone, the buying price has gone up 100 points, and the bedrock supply went down from 999 to 200 energy. The margin is under 100 crowns as well.
Whoever's gaming the market because they just don't like profits or whoever's hypercompeting is going to pay very heavily. The market is getting very frustrated and looks like it's on the verge of explosion (again).
We'll probably just have to wait until some people are in desperate need of crowns and start selling energy for low prices again. Besides: it's already quite exceptional for games to be able to purchase the "premium resource" for the normal in-game currency.
Waking up today, the buying price for energy jumped another 60 points since last night, and the selling price jumped 400 points. There's a new bedrock for demand bidding around 7600, and supply's asking price is softly resistant around 8150.
All of this is well within the historical norms, which are approximately 5000-9500. I'm still not convinced that anything unusual is happening here.
its ridiculous to assume a PLAYER CONTROLLED Market reflects on the entire game and funds
also the word you should have used is "apparently" not officially
and ive seen energy at 10k (last winterfest) there is absolutely nothing abnormal here
this thread is so annoying just let it fade away
I've played SK for a year now, and never saw energy above 7600. When I came, it was at it's highest point, and floated down to 6k. As far as I know, what's going on is unprecedented...
...but who knows. Maybe you're right.
The last time CE was above 7600, beyond recent times, was January.
Tonight, bids seem to have gone up from 7600 to 7750. Asks are stable around 8150, but there's some moderate resistance plunked down 100+ crowns cheaper with no regular interval between.
I am thoroughly convinced the market is going to explode soon. Those who tried to contain the market don't have enough energy to regularly supply consumer demand.
That's why I said SK is officially bankrupt. The game depends on regular energy being supplied from newcomers buying into the game.
Without that regular supply, things go kaput. The market is the best reliable judge of what's official instead of waiting for some authority to come along and announce it.
it is not official
you are taking a guess so the correct word would be apparently
im going to keep saying that until this thread dies
That's why I said SK is officially bankrupt... instead of waiting for some authority to come along and announce it.
I think Oohnorak's point is that "official" means exactly that some authority has said it.
Back to the content of the thread, it will be interesting to see whether you are right that energy prices are about to shoot up. Thanks for making a concrete prediction that can be tested.
@Nolidor
They say ignorance of the law is no excuse for breaking it, and I think a similar idea applies to history. You may not acknowledge those who say this is normal, but it is still normal either way. It has happened before, will happen again, and is to be periodically expected.
Also, +1 for "apparently." An official statement does, by definition, require announcement by an authority.
@Klipik-Forum
The last supply depot sale it hit 10.5kcrn/100E during two separate "good" sales and lingered around 8.5kcrn/100E for the majority of the sales. That link only captures the dynamics if people submit data and sometimes misses stuff.
The market's rebounded a bit to 7600 and 8000 with soft resistance on both sides.
It's nice to see the margin around 3% right now too. Keep it up guys.
Today, the bidding price went up 100 points up to 7700, but the asking price is still around 8000. Bidding resistance is stronger than asking resistance as well.
this isnt a record keeping thread, let it die
theres no more to be discussed
It's true that I don't get much out of this running commentary. But Nolidor is being quite courageous, by making a bold prediction (imminent price explosion) and then keeping the thread alive, so that we can all see whether his prediction comes true.
Thanks.
To be fair. Price already exploded. As a screenshot was taken in another thread, there was literally no supply of energy on the market at the 9000 crown level. It went 9000, 10000, 80000 with little to no quantity available.
Right now, price is being artificially deflated. I guess it's by people who are politically motivated to hate profit.
Anyway, the market's bounds are 7750 and 8000 right now with moderately-heavy resistance on both sides, but the margin is just over 1% which is less than the 2% fee.
Looks like supply is being hypercompetitive again since it's paying Three Rings more to participate in the market than it's making from the market itself.
The price exploded before you made this thread? Then you didn't predict that, right?
people who are politically motivated to hate profit.
This is the great weakness of all of these energy market threads. The idea is that there are players who don't want to make money. And not just a few weirdos. Enough of them, with enough purchasing power, to have a noticeable effect on the market. Who are these hypothetical players who act strongly against their own self-interest? Why are they doing it?
Exactly. They're losing right now though since the price continues to go up. The problem with price controls is they only work if they're sufficiently strong...
...but the problem is they're fighting against indefinite demand from regular consumption of energy. Energy has finite supply, so price goes up over time as that supply gets stretched... until some event encourages real life money to supply in game energy again.
Anyway, today's market is bounded between 7780 and 8170. There's moderate bidding resistance and moderate to moderately-hard asking resistance.
When you say you've played for a year, do you mean before or after Battle Sprites were introduced?
Energy stayed around 7,500 to 8,000 crowns in the times before Battle Sprites. This was because players needed energy to play the game. Now we don't, simple as that.
Spiral Knights is not bankrupt. The market isn't going places it hasn't gone before... it just hasn't been up to this amount for a while. In fact, many mathematical equations that people use on the forums assume an energy price of about 8,000 crowns per 100 energy. Either that or it's a number like 7,000 or 7,500. If we reach 8,000 it should be fine. Historically we've been there, and we've been there quite a lot. Honestly, since battle sprites, we've had really low energy prices. The most recent flash sale seems to have taken some energy out of circulation, thus raising the base prices a bit.
Marketers were trying to loop buying/selling energy for profit earlier today. This was driving the energy price up by force of the buy offers. I took the courage of locking the energy buy/sell prices to stop this.
Usually looping drives the price down since it encourages hypercompetition. The margin crashes as well since loopers have to buy and sell. The price and margin go up from organic demand exceeding organic supply. When supply exceeds demand, prices goes down temporarily, but then the new event kicks in and the game's popularity surges which increases the demand for energy and balances things out.
In any case, the market looked rigged right now. There is no margin at all between the 7600 bid price and 7770 ask price.
no duh it's rigged. A bunch of you will bump up the CE buy offer price if it's viable for looping selling the ce immediately and rebuying more. We're discouraging that to stabilize the price.
And no, people looping it was jacking up the price, as the loopers were increasing demand for energy and react/behave differently from normal players who spam the quick sell buttons.
I guess that's one interpretation. Maybe you're right.
All I know is the margin right now is literally nothing which means there has to be excessive supply on the market. Organic demand will jump on the opportunity to buy it out, and the market will stabilize.
The market has been plagued by looping for a very long time lately though. The margin has been way too little because of hypercompetition. Less looping is good for everyone. People need to learn to be patient.
Aight, you guys really do want to buy ce, I removed my sale offers, but the buy offers are still quite low.
Today's market's a little weird. I've seen bids from 7650-7700 and asks from 7920-8000. Soft bidding resistance, moderate to moderate-hard asking resistance.
The market works if there are buyers and sellers. Buyers will always push the bid price higher, sellers will push the offer price lower, so you get a good 2% difference. The market fails if buyers have no reason to buy and sellers have no reason to sell, or we run out of either of them. So yeah.
Well game markets are a little different from real life markets, but yea, that's the gist of it.
The real key is understanding how energy supply comes from future people buying into the game with money whereas demand comes from present people who need it to continue playing. It's the classic pay to play/free to play balance.
Price goes up when there's less enticement to play the game in the future than there is for present players.
Price goes down where there's more enticement to play the game in the future than there is for present players.
Anyway, the market's been behaving strangely today with crazy intervals and quantities. It's still up in the air between 7500-7600 on the bidding side and 7850-7900 on the asking side. Hard resistance is on both sides too.
Today's bids are around 7550 and asks are around 7870. There is moderately-soft bidding resistance and hard asking resistance.
Maybe the event has to do with the sudden surge in supply.
Update: It looks like supply's been manipulated. There is nothing between the 7870 and 8000 marks. It looks like the price is going to explode soon!
Demand has also jumped suddenly 40 points with new bedrock at 7603. The margin is also still below the 2% fee at 1.4%, so supply looks very hypercompetitive despite having little quantity to offer.
Just to show what I mean by little quantity, the entire apparent supply of energy on the market is about how much the bedrock is:
http://s25.postimg.org/t3fq9zctr/SK_Energy_Market.png
Unless there's some hidden positions behind 8000 (which I highly doubt since there was a lot of trading beneath current supply prices), we could be in for a serious energy shortage which means prices are going to explode.
yo dawg imab real with cha fo one sec or anotha - chu really outa learn how 2 do that editing post thang cos man, o man, chu b ranting bout this thang for faaaaah 2 long! n it be clear that nobody but chu rlly cares bout it cos it just happens mang. it just happens. u b makin' it a bigger deal than it iz. ur just apart of that bandwagon lyk everybody else who b all at ' oMgzz da gaem is ded v 6969 ' come on now.
Hey there, you should edit your posts instead of re-comment, since it is a tad bothersome. . . and you've been at this whole scheme for a week now and I'm pretty much done with seeing it. (as I am with most things, but that's a whole other story) If you really do feel this way, then what's the point of staying around? You're just like the other folk around here who shamelessly play even though they are infuriated with how it is currently. (and they have been for the past year, on that note) ... Just another one joining the mob.
Just to be clear, the next highest asking offer for energy after 10,000 cr per 100 ce is something like 80,000 crowns.
No, this isn't a joke or a troll thread. It's the truth.