- Thu Mar 29, 2012 10:05 pm
#87016
I find the current situation interesting/amusing from two perspectives:
a) Sellers that say "I define for how much I sell it", which may be correct but to be more exact: "I define for how much I try to sell it", because in the end someone has to buy it and if people aren't buying it for that price it isn't worth that price.
b) Speculating into rising Glowstone prices, lets face it there are 2 reasons to buy GS, 1. because you want to use it (for buildings, potions or redstone lamps) and 2. because the prices are rising and therefore you turn a profit by buying and selling it
At some point the first reason simply doesn't hold water anymore, because it is too valuable to use it for anything, using it as a building block may be done for a bit longer then the other two because you can retrieve it from the block, but in the end the price simply will be too high for anyone to waste the glowstone on anything.
Which leaves the second reason and that reminds me of a pyramid scheme, the people need to pay more and more faster and faster to keep the profit in relation to the investment. And in the end it will break down because no one wants to participate anymore.
I think it will be interesting to see if I am correct(and how fast it breaks down) or if the market gets stable once again (and at what price that will be). I would think that if it gets stable it would be somewhere around 25k to 30k but that would be just my guess, at what is the maximum before it is purely speculation on rising prices.
