Message:

<p>[QUOTE=&quot;princeofwaldo, post: 1591873, member: 24091&quot;]All of that assumes there is some magical all-knowing valuation on items that is not being realized or is being over-realized at any given moment.&nbsp; Guess it comes down to the old adage, do markets make opinions or do opinions make markets?&nbsp;&nbsp; I will go with the former on that.&nbsp;&nbsp; Never the less, markets do behave in a predicable way.&nbsp; Prices always move in a generalized trend within a given venue, they are not totally random.&nbsp; There are aberrations, and a lot of that can be explained if examined closely.&nbsp; ie a seller in China with an auction closing at 4:00AM on a Tuesday with a feedback profile that is lousy, will, in most instances, not realize the same price for the exact same coin as someone closing an auction at 9:00 PM on a Sunday night, selling from the US and with a 100% feedback score.&nbsp; So, you can say that reputation plays into it.&nbsp; But that is about it.&nbsp; Do agree with you on the BIN and other noise on the venue, which taken as a whole make eBay less efficient than it once was. As for being deluded about the value of a coin crashing from $40 to $8 it pays to remember Keynes observation that markets can stay irrational longer than you can stay solvent.&nbsp; Which serves as a cautionary tale or warning to anyone tempted to buy low and sell high in quanity.&nbsp; But when there are obvious price differentials between venues, to not capitalize on them is a missed opportunity regardless of opinions as to what a coin is really worth.&nbsp; It&#039;s worth what it is worth in that venue and that is enough information to make decisions on.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in