Who else prices games this way?

Anything that is gaming related that doesn't fit well anywhere else
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Krejlooc
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Joined: Mon Feb 27, 2012 4:27 pm

Re: Who else prices games this way?

Post by Krejlooc »

prfsnl_gmr wrote:
AppleQueso wrote:I'm gonna start listing copies of Super Mario Bros. / Duck Hunt on ebay for $500. I mean eventually someone will pay that for it, right?

Then the prices will all inflate like crazy and all of us will be rich!

It's the perfect plan.
It sounds funny, but people actually did this with penny stocks during the dot.com bubble. Basically, they would go on Yahoo! message boards under dozens of different usernames and "hype" a stock. ("[Company X's] stock is set to EXPLODE!!!", etc.) Meanwhile, they would buy up large amounts of the stock and trade it back and forth to each other to generate both trading activity and a modest increase in the market price. Reading the hype and seeing the trading activity, foolish speculators would jump into the market and cause the market price to spike. At that point, the "scammers" would unload all of their holdings for a very tidy profit. The speculators were left holding the bag, and the market price of the stock very quickly "corrected" to a much lower amount.

When I see the current video game price bubble - and members of other forums who basically sell/trade the same rare games back and forth to each other - I cannot help but think that the same thing may be happening to a limited extent with certain carts...

On topic, my local Goodwill uses videogamepricecharts.com to price games, which means that I get an "OK" deal on cart-only games, but great deals on CIB games.
Isn't that market manipulation, and illegal?
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