CBD economy (in General)


Bolfen February 22 2010 9:24 AM EST

I took a few months off of CB, but I'm a little surprised that:

1) There aren't a line of CBD sellers like 6 months ago (or did they all end up being the same multi?).
2) And despite the lack of sellers, people seem convinced the market is at $2/mil and nothing more. If the CBD marketplace is working efficiently, I would expect there to be a post 5 minutes after AoD offering $9/mil, and another 10 minutes later offering $8/mil, etc, until the buy/sell market converged.
3) AoD is the only open offer out there. One of these days, some noob is going to buy his stuff and make him completely insufferable.

Eliteofdelete [Battle Royale] February 22 2010 9:28 AM EST

You missed the massive referral rewards which gave people 1 mill CBD for about 1-2$. With the increased referral prices you can still get it for 2-4$ and so there is no point to spend more for it.

QBRanger February 22 2010 9:33 AM EST

If the CB buyers stick together and keep the price at 2/mil, that is where it will be.

TheHatchetman February 22 2010 10:18 AM EST

There is indeed more unity amongst those interested in playing a game and putting a few bucks into it than those wanting to make a quick buck. While some who sell $CB are just trying to grab a few bucks on their way out the door or get some cash up for an unexpected pinch they may find themselves in, the majority of $CB sellers really only are here for a little cash. Raise the rates for the first, and they rise just as much for the latter.

Another barrier is the referral system, which gives 4.5m to a player who refers someone that becomes a supporter within the first 2 months. So if you can get your link out there, and or talk a few people into signing up, that's a handful of $CB at $2.44 /mil with the added bonus of giving back to the game that has entertained us for so long.

Between these two things, I don't forsee $CB ever going above $3 /mil again.

Admindudemus [jabberwocky] February 22 2010 10:26 AM EST

the buyer and seller market has converged at between $2.00 and $2.50 per million over the last 6 months or so.

QBRanger February 22 2010 11:08 AM EST

Of course there will be some people trying to boost the price of CB. And they may get a bit more than 3 per if someone really had to have some CB now.

But if the buyers stick together, along with the new referral rates, the rate should as others state, be between 2-3 per million from now on.

Guardian February 22 2010 11:11 AM EST

a max of 5 USD per milion would be aceptable. Things above it its just laughable. me thinks 2 - 3.5 usd per million is enough.

Wasp [Demon Forging] February 22 2010 11:31 AM EST

It's all about supply and demand. At the moment there is a good balance. Until the demand increases, either by more buyers or less sellers, it should stay about the same for now. With most players not buying cash from NuB's and the price being so low, I think this has deterred new players/multis from making a quick buck. Lets hope it lasts for a while.

Bolfen February 22 2010 1:40 PM EST

Interesting discussion. Ranger seems to believe (and it may very well be true), that only a handful of players are buying CBD and therefore can "control the market."

While I agree that's certainly possible (especially if the buyers occasionally chat or share information), it still doesn't explain to me why more people aren't "trying" to sell at a higher rate. (AoD not withstanding--that's just wasting time). While there may only be a handful of "big" buyers, there used to be a constant demand for smaller amounts, ie "immediate gratification." Perhaps the dearth of auctions and items for sale is depressing that market.

As for the referral bonuses depressing the market, I can see how it might cap the market--the current rate is 4.5 mil for $10 or $2.22. But that requires finding someone with a different IP address, getting them to sign up (and from what people are implying, paying $10 for them). I would think people who are looking for "immediate gratification" wouldn't want to put up with the fuss and the work is even more for big buyers. Plus, looking at the referral lists, only 4-5 players have really taken advantage of that exchange (though that did bring another 310 million CBD into the market). (Wow, referrals were $9 mil in January?)

BTW, I'm not advocating any sort of movement of the CBD price--it's just that the various market forces have always been an interesting part of CB to me. I'd like to see more market activity, period.

QBRanger February 22 2010 1:44 PM EST

BTW, I'm not advocating any sort of movement of the CBD price--it's just that the various market forces have always been an interesting part of CB to me. I'd like to see more market activity, period.

Really?

http://www.carnageblender.com/bboard/q-and-a-fetch-msg.tcl?msg_id=003041

iBananco [Blue Army] February 22 2010 1:49 PM EST

He's already sold the money. I doubt he's too concerned about an extra dollar or two on the million he's got left.
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