Going to go with low end of 48.11 and a high end of 49.88. Sales/purchases seem to support both sides.
All feedback is appreciated.
Should hopefully settle down again now that refined is decided, but either way this range was never gonna be acceptable. If the price is that unstable, it's not appropriate to be updating keys with such a wide range, would either need a smaller range and regular updates or would just need to wait.
I don't really want to pretend to know things about pricing, but I am curious why the ref price was changed now of all times, while keys are going down, considering that the proof in that ref suggestion was based on the now clearly outdated 53 ref price, while keys are basically around ~48.44 for now, making the ref suggestion look like this :
Cash:
1.65$ / 48.44= 0.03406
1.67$ / 48.44= 0.03447
1.69$ / 48.44= 0.03488
1.70$ / 48.44= 0.03509
1.74$ / 48.44= 0.03592
1.75$ / 48.44= 0.0361
1.80$ / 48.44= 0.0371
Wouldn't it have made more sense to wait and see how keys fare, before accepting a ref suggestion based on a price, that is already suggested to be lowered by ~5 ref again ? Now we have a ref value based on an already obsolete key value instead.
So long as this suggestion is accepted quickly, this best represents the current volatile state of the market. The only worry from me would be the market breaching the low end of the range before then.
9:45 PM CDT thoughts: market seems to be slowing some. Still within range for right now, and the downwards trend is moderating a fair bit with buyers starting to come a little closer to sellers again. If I were making a resuggestion I probably wouldn't go with as wide of a range, would probably pare it down to 1.33 refined, at most. But otwz still have nil other sig objections.
I sold 3 at 48 just to add to this post*
then you make fake trade to achieve this suggestion?! Wow what a shame rude scam donkey brain!
i feel like it might go lower than the current suggestion , if it does i think its best to close it
I agree......
I think the price is changing a bit too rapidly for a price suggestion atm so if this doesnt make it you should try to do another when it stabilizes a bit
Too early my boy, let the price stabilize
The prices of keys go lower damn
This probably will go through and in a month Keys will skyrocket again just like always
houston....we have a bruh moment
Scrap.tf is pricing keys at around 48 refined now to add to this post (in most likely the smallest way possible haha): https://scrap.tf/keys
NO No N0 no n0 ㅗ ㅗ
High end too high now
No 1key must me 100ref u poor
No i don't agree with your suggestion
ㅗㅗㅗㅗㅗㅗㅗㅗㅗㅗㅗㅗ
High end doesn't make sense now
The more price high, the more satisfy come
Closing as teeny has stated the range is too wide.
Haven't done this for a long time, so lets see here..
Sales
Sold 1 at 49.55
https://backpack.tf/profiles/76561198345715892#!/compare/1563667200/1563753600
Sold about 6 at 49.88
https://backpack.tf/profiles/76561198295627482#!/compare/1563753600/1563840000
Sold about 6 at 49.88
https://backpack.tf/profiles/76561198871163068#!/compare/1563667200/1563753600
Sold about 22 at 49.88
https://backpack.tf/profiles/76561198839317660#!/compare/1563753600/1563840000
Sold about 5 at 49.88
https://backpack.tf/profiles/76561198866348414#!/compare/1563753600/1563840000
Purchases
Bought multiple at 48.33
https://backpack.tf/profiles/76561198311725787#!/compare/1563753600/1563840000
Bought 2 at 48.77
https://backpack.tf/profiles/76561198386716854#!/compare/1563753600/1563840000
Bought multiple at 48.11
https://backpack.tf/profiles/76561198928347702#!/compare/1563753600/1563840000
Classifieds at the time of making this suggestion.
https://gyazo.com/784fa472389317852877fea5cde81f68
Going to go with low end of 48.11 and a high end of 49.88. Sales/purchases seem to support both sides.
All feedback is appreciated.
Should hopefully settle down again now that refined is decided, but either way this range was never gonna be acceptable. If the price is that unstable, it's not appropriate to be updating keys with such a wide range, would either need a smaller range and regular updates or would just need to wait.
I don't really want to pretend to know things about pricing, but I am curious why the ref price was changed now of all times, while keys are going down, considering that the proof in that ref suggestion was based on the now clearly outdated 53 ref price, while keys are basically around ~48.44 for now, making the ref suggestion look like this :
Cash:
1.65$ / 48.44= 0.03406
1.67$ / 48.44= 0.03447
1.69$ / 48.44= 0.03488
1.70$ / 48.44= 0.03509
1.74$ / 48.44= 0.03592
1.75$ / 48.44= 0.0361
1.80$ / 48.44= 0.0371
Wouldn't it have made more sense to wait and see how keys fare, before accepting a ref suggestion based on a price, that is already suggested to be lowered by ~5 ref again ? Now we have a ref value based on an already obsolete key value instead.
So long as this suggestion is accepted quickly, this best represents the current volatile state of the market. The only worry from me would be the market breaching the low end of the range before then.
9:45 PM CDT thoughts: market seems to be slowing some. Still within range for right now, and the downwards trend is moderating a fair bit with buyers starting to come a little closer to sellers again. If I were making a resuggestion I probably wouldn't go with as wide of a range, would probably pare it down to 1.33 refined, at most. But otwz still have nil other sig objections.
I sold 3 at 48 just to add to this post*
Buyers at 49 ref and sellers at 49.33 now.
https://gyazo.com/00d08ed8a397e9d72116ab910f8aecb0
https://imgur.com/a/16W2RFo - Now dipping down into the high 48s
https://backpack.tf/item/6231370907
https://backpack.tf/item/6878148806
https://backpack.tf/item/7876969639
https://backpack.tf/item/3985592464
https://backpack.tf/item/7092498591
https://backpack.tf/u/76561198116067154
https://backpack.tf/u/76561198394484957
https://backpack.tf/u/76561198833336171
https://backpack.tf/u/76561198066146016
https://backpack.tf/u/76561198871163068
https://imgur.com/a/RnRkmws - Seem to have stabilized in the low-40s
https://backpack.tf/item/6947924698
https://backpack.tf/item/4863649924
https://backpack.tf/item/7836648896
https://backpack.tf/item/7537769369
https://backpack.tf/item/4777873623
https://backpack.tf/u/76561198066702666
https://backpack.tf/u/76561198386348408
https://backpack.tf/u/76561198394484957
https://backpack.tf/u/76561198051285690
https://backpack.tf/u/76561198318519201
i feel like it might go lower than the current suggestion , if it does i think its best to close it
I agree......
I think the price is changing a bit too rapidly for a price suggestion atm so if this doesnt make it you should try to do another when it stabilizes a bit
Too early my boy, let the price stabilize
Scrap.tf is pricing keys at around 48 refined now to add to this post (in most likely the smallest way possible haha): https://scrap.tf/keys
High end too high now
High end doesn't make sense now
Closing as teeny has stated the range is too wide.