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Are keys stable again?


LFMKonami

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Could it be keys are slowly dropping now?  Scrap.tf is buying/selling for 17.11/17.22 and they have 96 in stock atm. Classified has a lot of listings for 17.22 or even less. Maybe it's a temporary thing, but it looks like the insane rise is truly over.

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Could it be keys are slowly dropping now?  Scrap.tf is buying/selling for 17.11/17.22 and they have 96 in stock atm. Classified has a lot of listings for 17.22 or even less. Maybe it's a temporary thing, but it looks like the insane rise is truly over.

 

It's called market correction.

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It's called market correction.

 

"A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price. It may also refer to several of these single-commodity corrections en masse, as a collective effect over several markets concurrently."

 

I think stabilization is a good enough term for it, but anyway, I just wanted to point out that OP is right and keys stopped rising.

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Royal, on 01 Jan 2015 - 07:38 AM, said:

"A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price. It may also refer to several of these single-commodity corrections en masse, as a collective effect over several markets concurrently."

 

I think stabilization is a good enough term for it, but anyway, I just wanted to point out that OP is right and keys stopped rising.

 

Oh, boy. Wikipedia.

 

A market correction happens when something has essentially been selling at too high of a price (or too low of a price) for a period of time for whatever reason. A good example of this is the stock market. Stocks will often overinflate and then crash. The market correction is a combination of that crash and the subsequent fluctuation in price before the price becomes relatively stable (stable is not the same as a lack of changing price, mind you). Essentially, the panic buyers stop buying and there's nobody left to inflate the price. There's now a flood of people selling at a price that people just don't think is a good value for the stock.

 

One of the key issues with quantitative easing is that it's artificially inflating stock prices and every time it's ended, the market has undergone a correction, which has necessitated more quantitative easing. Now that the latest round has ended, we're looking at a high likelihood of a very strong market correction in the stock market. We're also looking at a pretty high likelihood that we won't have another round of quantitative easing.

 

The same thing applies to keys, only as it's a smaller market, it's not a government force that's working to drive up the price. Rather, it's just people panic buying. There are fewer and fewer panic buyers now with less and less ref, so the key market may correct itself soon. If we're facing another key price crash, it will be a result of panic sellers, and then a bit of fluctuation followed by keys stabilizing again.

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