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Why is the key price lowering?


Thondush

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As mentioned in the multiple other recent threads on this forum, there has been a large spike in supply and sellers. And higher supply plus lower demand equals lower prices.

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keys sit in an odd place; they are effectively a dead end at this point

 

they can only open crates, crates that haven't dropped in game for 5 years now

crates with 'good' items are of course rare and expensive in their own right (and their quantity can only go down)

crates only contain effects that have become trash tier due to oversaturation

 

new effects can only be obtained in cases

cases can only be opened by case specific keys

 

a key right now is nothing but a token of value, and in having so little intrinsic value, stability in pricing isn't really something you'd expect

 

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Yeah, people swap mann co supply crate keys for ones for better cases, but that doesn't mean they disappear, they just go to someone else's inventory

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Check the number of keys in all inventories. You would see there's an increase of about 250000 keys in tf2 in just a month or 2. The increase in supply lowers the price, but we don't know why there's a stark increase in keys amount. 

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3 hours ago, Fuzzy gaming said:

Check the number of keys in all inventories. You would see there's an increase of about 250000 keys in tf2 in just a month or 2. The increase in supply lowers the price, but we don't know why there's a stark increase in keys amount. 

scammers cashing out is my guess. 
 

tf2 was the economy of choice. 
 

there’s no “honest” excuse for 250,000 keys appearing out of nowhere, especially with anti-scamming measures and fraudulent attempts seemingly being at an all-time high. 
 

edit: dishonest developers manipulating their own games to profit through SCM and cash out through tf2?

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48 minutes ago, creepio said:

scammers cashing out is my guess. 
 

tf2 was the economy of choice. 
 

there’s no “honest” excuse for 250,000 keys appearing out of nowhere, especially with anti-scamming measures and fraudulent attempts seemingly being at an all-time high. 
 

edit: dishonest developers manipulating their own games to profit through SCM and cash out through tf2?

We may speculate that those extra keys are in fact originally stored in steam market (hence keys are not in everyone’s inventory and not scanned). It can be  because dota2 and cs:go keys are not tradable now.

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i havent checked any statistic but probably there are way more keys on the market right now, and that might be one of the main reasons. Secondly after steam summer sale where everybody was leveling up keys demand lowered down, and so the price. Just an opinion nothing factual tho.

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This may be a combination of the COVID-19 unemployment issues, summer sale, people cashing out, and the sudden explosion of 250k keys for no apparent reason.

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