Request to Return Long Term Investing via Back Orders
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@ShDynasty1227_XBL said in Request to Return Long Term Investing via Back Orders:
I must say that I personally see no good reason to take away this investment method. It is just as speculative as regular investment and you may be left holding the bag on an eventual crash if the card doesn't hit.
This is, in no way, an "investment", nor is it "speculative". This only impacts order that have ALREADY hit. If the card doesn't go up, the orders aren't cancelled. This method was basically drop-ship scalping. You were only buying the product low AFTER you had already sold it high. It needed to go, and it needed to go a decade ago, and it most certainly is never coming back, nor should it.
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How about you do a little research, focus on who is most likely to rise on overall and invest in them while their price is cheap? I have been doing that and currently have over 200 Corbin Carrols, Kwans,Langford and Hoffman. All should go diamond based on past practice by sds and their current stats. I also pitchers flipped my way to completing the live series two weeks ago. The app makes this easy and can be done nearly anywhere and is less cringy.
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Wait. What forced people to sell at less than value? Whenever I try to buy a card for 5 stubs it tells me I have to raise my bid to quick sell. What does this update change?
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Let’s say a card is currently an 84, the quick sell value is 1500. Under the old way you could predict him going to diamond and place an exorbitant amount of orders from 1501 up. You then see that player updated to 85 Diamond, making his quick sell value 3,000. Your orders stay at 1501 and people moving cards in a hurry sell them to you at 1501. This update will wipe all orders below current quick sell value out automatically. Cringy exploitation that was way overdue for a change.
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What does exploring have to do with this?
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@theBlindRhino_PSN Autocorrect changed the word. Context clues should have keyed you in, but I understand.
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Seems the only people being exploited are people ripping packs and selling things without thinking.
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@LHUBison58_XBL I have done both for years, so no worries there!
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@mietha_PSN I am slightly confused on this argument, admittedly. There is still speculation at hand. There was an incident with Lance Lynn I don't know how many years back where I had this happen. He seemed like a sure thing, orders filled, he didn't go and I don't think he did all year. That is a risk. I will grant you that it's a small risk, but it is a risk nonetheless.
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@YOSHI24_XBL This has been a thing for years at this point and I've never seen back orders be a sole source of market inflation. Have you? I am asking honestly here, because usually I see that associated with stub sales or, yes, regular investments, but not with back orders that trickle in over weeks or even months. If there were hard evidence on that, I could go with you and retract my request, but I've not seen evidence of that personally.
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@ShDynasty1227_XBL That is not a risk. You just cancel the orders. if the player doesn't go up. This method of making stubs had major draw backs. It was time consuming and relied on the stupidity of others. I find it is faster to just flip diamond equipment once my stub balance is over a million. Most dedicated NMS already have completed the Live Series so it wasn't the only method. The only losers here were SDS, who are well within their right to change this, and people who don't like math or reading...or proof reading to make sure auto correct doesn't alter what they intend to say thus saying things that don't make sense.
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@theBlindRhino_PSN you're right that there are a ton of ways. I personally use a lot of them too, so no worries.
I've already suggested a way that prevents people who make that mistake from losing out, so that is a moot point.
I would argue also that this change would mean that SDS doesn't lose out, as they retain good will among their NMS userbase who used this method over the years while also fixing the problem it caused.
It would be more work, but I believe it would be worth it so no one has to lose out.
Oh and on the risk, I've seen buy orders dry up fast enough that it's easy to miss the window to cancel. But you are right that it is pretty low risk.
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@ShDynasty1227_XBL I just think it is important to cater life to those unwilling or unable to think for themselves.
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@theBlindRhino_PSN I'm afraid I don't understand what you're saying.
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What they could do is just gray out the sell button unless they are getting back quick sell value or greater after market tax.
This move seems more player friendly than that as now players buy orders cant get permanently tied up
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It is pretty simple. When you list an order it tells you right on the screen what you will get after tax. If you care about stubs sell for the highest after tax amount. QS has no tax. If quick sell is 500 and the sell now price is lower than 556 then you want to QS. If the sell now price is higher...than go list it on the market because the buy now amount will be higher and therefore you will make more profit. If you are an impulsive, rash, or thoughtless person just keep mashing buttons until you get to the next screen.
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@theBlindRhino_PSN Why? Does this help anything?
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@LHUBison58_XBL Does what help anything?
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@theBlindRhino_PSN Calling me a loser. It doesn’t add anything to the discourse in this thread.
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@LHUBison58_XBL said in Request to Return Long Term Investing via Back Orders:
@theBlindRhino_PSN Calling me a loser. It doesn’t add anything to the discourse in this thread.
Where did I call you that?
