Big_Stingman Posted August 1, 2008 Share Posted August 1, 2008 I read on the main Runescape website that the new reward for Christmas 2008 is a Santa Suit. I decided to check out Santa Hat prices after one day. To me, it was not very shocking, everyone read the news, decided they wanted to have the hat to match, bought, so prices skyrocketed. Then after everyone sold, they plumeted back down. Here is a pic from the G.E. [hide=][/hide] What do you guys think? Will it [bleep]e again around Christmas? Next week? Is everyone going to buy them and sell at Christmas as an investment? Sell now? Discuss Edit: I looked around and didn't see another topic on this, if there is I apologize. Link to comment Share on other sites More sharing options...
Dragons_Might Posted August 1, 2008 Share Posted August 1, 2008 I see it going up christmas.. Not an insane [bleep]e but a good amount.. I find it funny what happened with them lately.. Everyone wanted to have.. everyone realizes it was a bad idea.. and crash.. =D> the trick is to balance all of these methods to get 99 and either play real life or train another skill while farming. 635th to 99 Farming 12/16/07 Link to comment Share on other sites More sharing options...
Lord_Omar_Iv Posted August 1, 2008 Share Posted August 1, 2008 i sense a price manipulation of a group of wealthy players to make gp and watch everyone else lose their money Link to comment Share on other sites More sharing options...
@Dan3HitU Posted August 1, 2008 Share Posted August 1, 2008 Hence the reason I sold (and told) my friends to sell them when people where offering 20M for them. [-- DYNAMIC SIGNATURES FOR RUNESCAPE 3 & OLDSCHOOL 2007 RUNESCAPE --] Link to comment Share on other sites More sharing options...
Mike_Ike111 Posted August 1, 2008 Share Posted August 1, 2008 I heard a clan got together and dumped a bunch of santas in the g.e. and that is why they fell. Link to comment Share on other sites More sharing options...
ford_landau Posted August 1, 2008 Share Posted August 1, 2008 guthan spear way more plumeted atm, if you were smart you would stock up on guthan, it giong to go through the roof Feel free to add me ingame if you want to chat :D Link to comment Share on other sites More sharing options...
Fairness Posted August 1, 2008 Share Posted August 1, 2008 I heard a clan got together and dumped a bunch of santas in the g.e. and that is why they fell. It would have to be a damn lot of Santas to almost halve the price. You're being watched. Link to comment Share on other sites More sharing options...
Krampell Posted August 1, 2008 Share Posted August 1, 2008 They got it kinda too early imo. The price would not rocket every day to christmas, then it would be like 70m. I bet the same thing will happend in early december. Link to comment Share on other sites More sharing options...
andufusthebronze Posted August 1, 2008 Share Posted August 1, 2008 Does there need to be a discussion everytime a rare crashes? #-o Link to comment Share on other sites More sharing options...
The_Avatar Posted August 1, 2008 Share Posted August 1, 2008 Does there need to be a discussion everytime a rare crashes? #-o Really do you guys absolutely need to discuss the game? Its clogging up General Discussion. Previously known as Monkeybeast0. Link to comment Share on other sites More sharing options...
Uninstall Posted August 1, 2008 Share Posted August 1, 2008 Does there need to be a discussion everytime a rare crashes? #-o Really do you guys absolutely need to discuss the game? Its clogging up General Discussion. i lol'd so hard xD Link to comment Share on other sites More sharing options...
Sy_Accursed Posted August 1, 2008 Share Posted August 1, 2008 I bet ya the santa suit will be the old school/medieval style green and white and have its own hood or hat of some description Just to make sure it doesn't match the old santa Operation Gold Sparkles :: Chompy Kills :: Full Profound :: Champions :: Barbarian Notes :: Champions Tackle Box :: MA RewardsDragonkin Journals :: Ports Stories :: Elder Chronicles :: Boss Slayer :: Penance King :: Kal'gerion Titles :: Gold Statue Link to comment Share on other sites More sharing options...
Ryuuka Posted August 1, 2008 Share Posted August 1, 2008 I bet ya the santa suit will be the old school/medieval style green and white and have its own hood or hat of some description Just to make sure it doesn't match the old santa could be awsome... anyways i was talking to chia cha and some other friends about it yesterday and everyone but chia seem to "know" that the price will go down to around 9m and then go up again in december. Played since February 200113th to 30 huntingfiremaking cape achieved 6th August 2008_-_-_-_Quest cape achieved 19th August 2009 Link to comment Share on other sites More sharing options...
slay_revenge Posted August 1, 2008 Share Posted August 1, 2008 i sense a price manipulation of a group of wealthy players to make gp and watch everyone else lose their money :lol:... i love it when teachers say" go ahead, ask away there are no stupid questions."i raise my hand and ask" can u pull down your pants? like right now?" Link to comment Share on other sites More sharing options...
blakdragon39 Posted August 1, 2008 Share Posted August 1, 2008 I made a small rant about this. I bought a santa just at the beginning of the rise, and I intended to sell it (and regain money I lost from a bad blue h'ween mask investment :P). ONE DAY before the crash, I decided that I was going to sell it the NEXT day. Guess what happened that next day? Yeah... the crash. :P Oh well, it's part of my skilling outfit. I'm keepin it. :D Link to comment Share on other sites More sharing options...
Derrick44444 Posted August 1, 2008 Share Posted August 1, 2008 Yeah it was funny I saw santas were at 10.8 mil before the [bleep]e and decided I'll cut yews and hope they stabilize and I'll earn my first rare. WRONG! A week after they have doubled and are 20mil. Not long after they are dropping nearly 1mil a day. Crazy how the price went I'm not so sure how this became. But I plan to keep cutting and hope they drop back down to what they were. Also something I've seemed to notice about yews they behave the same way. I've watched them climb above 410 per and then the minute they decline they drop quite a bit I think I saw them at 380 once so I think I might try to make some money merchanting them if I can. And get that santa WOOT! :thumbsup: Wc'ing my way to 99 (Wish me luck) Link to comment Share on other sites More sharing options...
meister14 Posted August 1, 2008 Share Posted August 1, 2008 It is price manipulation. It happened earlier this year and with many other items. Among the names I heard involved with this is the #2 constructor.. along with many others. Very ingenious. I would love to be able to control the price of any item I wanted. Donate to S_U__O__M_I !!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Kenshinjapan Posted August 1, 2008 Share Posted August 1, 2008 It is price manipulation. It happened earlier this year and with many other items. Among the names I heard involved with this is the #2 constructor.. along with many others. Very ingenious. I would love to be able to control the price of any item I wanted. Why? Then you'd be a total douche like him. YOU! ATTEND TET EVENTS! CLICK HERE! Link to comment Share on other sites More sharing options...
meister14 Posted August 2, 2008 Share Posted August 2, 2008 ^^ If you had the money he had, you would do the same thing. To have control of the whole economy is remarkable.. a folly by Jagex to allow this to happen. Donate to S_U__O__M_I !!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Derrick44444 Posted August 2, 2008 Share Posted August 2, 2008 ^^ If you had the money he had, you would do the same thing. To have control of the whole economy is remarkable.. a folly by Jagex to allow this to happen. Yeah tbh if I had that ability I would take advantage of it and make some serious cash. But how do they do it exactly? Wc'ing my way to 99 (Wish me luck) Link to comment Share on other sites More sharing options...
Enipeus Posted August 2, 2008 Share Posted August 2, 2008 i like pictures like these although i've seen some of those plenty 'o times. :lol: Link to comment Share on other sites More sharing options...
Koo Posted August 2, 2008 Share Posted August 2, 2008 I was just looking through some random graphs yesterday, stumbled across Santa's and was like... Now what's been going on here? Seems to me like there was a really big demand for them. And now either the demand has gone or everybody's panicked and sold. I wonder how the upcoming Christmas Santa suit will affect the price. ^dds'er in progress =D Link to comment Share on other sites More sharing options...
CampbellMC Posted August 2, 2008 Share Posted August 2, 2008 Santa hat is just like every other item on the ge, just this one happened on a bigger scale. Something causes the price to skyrocket, people buy and buy and buy and then when people see the price slowing down they all sell at once. They continue to do this since all the other people now see them dropping and want to sell their while they can and they drop below the price they should be at. Then people see them extremely low and mass buy again and the cycle continues. This happens many many times until they begin to go up and down a little less and that is when they should in theory reach equilibrium. Most people know about the overbuying and overselling of items on the ge, this is just the new merchanting, even I merchant a little bit if I have 50M+ in bank just buying dragon bones, or ranarrs or chinchompas or anything that has been greatly effected recently and the price range is like 20% from trough to crest. Link to comment Share on other sites More sharing options...
Lordjake Posted August 2, 2008 Share Posted August 2, 2008 once again, rare speculation dominates the market :thumbdown: Link to comment Share on other sites More sharing options...
XxTearGodxX Posted August 2, 2008 Share Posted August 2, 2008 I must admit, it kind of irritates me that I bought it at 17.5mil and then it plummets down quite a bit but oh well whatever I am going to keep it. Link to comment Share on other sites More sharing options...
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