Shoee Posted September 1, 2019 Share Posted September 1, 2019 I'm probably just not up to date with all the trading biz. I know an economy "crash" happened kinda recently, which could explain a temporary drop in keys/rise in ref. However, it's been awhile and keys are continuing to fall, ref has risen back to 4 cents (sometimes 5 on mp.tf), and the amount of both in circulation is now about the same as before the crash (at least according to bp.tf). Now, I welcome this change full-heartedly, but I'm just so curious as to how this could be! Anyone got a big brain and could explain? Sorry if I'm just a dummy and it's obvious. Link to comment Share on other sites More sharing options...
Uncle Dang Posted September 2, 2019 Share Posted September 2, 2019 I'm not Valve and so I don't have a complete ledger of all the transactions involving ref or keys, but my hypothesis is that, yes, it is directly as a result of the Crate Depression Unusuals. What likely happened is that since a ton of people got an Unusual practically for free, a lot of them probably didn't even like said Unusual at all and quicksold it for keys, and then sold a key or 2 for metal so that they could buy weapons, skins, regular hats/miscs, or taunts that they wanted. Link to comment Share on other sites More sharing options...
Shoee Posted September 2, 2019 Author Share Posted September 2, 2019 Ahh, so you're saying the amount of sellers might've increased drastically. I suppose I forgot about the demand part of supply and demand. Thanks! Link to comment Share on other sites More sharing options...
Apoq Posted September 2, 2019 Share Posted September 2, 2019 Like people are saying its likely due to the crate depression. I personally think a big factor is the massive influx of keys that were bought because of it (over 30,000). More keys hitting the market may drive the value down ref-wise. Link to comment Share on other sites More sharing options...
Administrators ᴾᴾᴹ Shuffle Spy Posted September 2, 2019 Administrators Share Posted September 2, 2019 35 minutes ago, Apoq said: Like people are saying its likely due to the crate depression. I personally think a big factor is the massive influx of keys that were bought because of it (over 30,000). More keys hitting the market may drive the value down ref-wise. This. Most of these Keys came after the Unusuals were refunded and the refund period approximately corresponds to when Key sellers began to drop heavily in price. 7/22 = Keys dropped 2 Refined over the course of the day from 52 to 50 Refined 7/22 - 7/26 = Keys dropped another 2 Refined from 50 to 48 Refined 7/26 - 8/13 = Keys rose another Refined from 48 to 49 Refined 8/13 - 8/16 = Keys dropped another Refined from 49 back to 48 Refined. The above time frame can be attributed to normal competition. 8/16 = Refunds become available Keys proceeded to drop 5 Refined over the course of the following week and stabilized around 43 Refined. Link to comment Share on other sites More sharing options...
Pollen Posted September 2, 2019 Share Posted September 2, 2019 a lot of keys entering the market, also a lot of people cashed out during the "depression" so a large chunk of people who would normally making key prices rise are just gone Link to comment Share on other sites More sharing options...
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