Any idea what's going on? I wonder if I'd ever be able to sell this high if I'm patient...

O.GA

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9 years ago

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Probably allowance day for kids when it spikes. :p ¯_(ツ)_/¯

9 years ago
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authenticator

oh, the graph spikes. some bug they still havent fixed, i guess

makes sense for the games where you can pick and choose which you want to buy (re: someone may want to move some money, or a better quality thing-a-majig might be at a higher price or w/e)

9 years ago
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Why would the authenticator inflate prices? I'd assume both buyers and sellers would equally lose patience with it.

9 years ago
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I don't have to authenticate anything when I buy stuff.

9 years ago
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I already find the normal price extremely high - in February or March I bought at 0.60 ... For the peaks, no good reason I could come up with. I would sure love to sell at those prices for sure ;-)

9 years ago
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Database error or someone accidentally creating a buy offer where they put the numbers in front of the decimal.

9 years ago
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The price is median, so it means there were quite a few sales that were even higher.

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9 years ago
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9 years ago
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It just means there was at least one sale that was higher. If that one sale was high enough (someone transferring Steam Wallet), it could cause a spike like that.

9 years ago
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Wouldn't this would be true for an average price rather than median?

9 years ago
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My guess is that they're not using the term "median" accurately.

9 years ago
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I think people take it as an average instead of a median and where the confusion comes in.The prices displayed are an average just a different kind of average.

Most seem to see it as the normal average of total sales divided by sold and that gives you the average selling price.Steam seems to use a median to get an average price.

Example..and does not reflect actual market stats

sale price ranged from one 1.00 to 2.50 with a median of 2.00 which 2.00 would be the median average of what most people paid for said item.
Or say you sold 1,000 random items in a box and the most someone paid was 10 dollars and the lowest was 1.00 but most paid 5.00 then your median would be based 5.00 because most bought it at that.To get a non median average you would have to divide sales vs number sold to get average you made off each item vs what the average person paid.

Steam is showing the price of what most people paid instead sales divided by price.I think it would be hard to have a real average of sales vs price paid because it changes all the time along with the price sold.So it far easier to give median average most people paid for said item.

At least that is the way i take it and is still an average but not an average of over all sales divided by number of sales to get average price.

Though in this case i think the price hike has more to do with mobile thing and supply slowly dwindling vs someone putting in a wrong price.

9 years ago*
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Looking at the item on the Market, consider how many there are at that price and how many are currently priced below it. The Inventory view tells you how many have sold in the last 24 hours.

9 years ago
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people trade stuff via the market.
i post something at a ridiculous price, and you buy it
i than give you a key or whatever for the steam money...

9 years ago
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But you can't do that with gems

9 years ago
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Don't you buy the cheapest and the cheapest one gets the money when you do this?

9 years ago
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For me more like: Sack of gems, what are they for? Why'd people want so many of them? :3

9 years ago
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Making money from booster crafting. Apparently it can be more lucrative than trying to hoard CS/TF keys.

9 years ago
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Error on their graph. Anyway price for gems will skyrocket once a
summer event hits > as trading and selling has been crippled.

9 years ago
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I assume by crippled you mean the annoyance of using the authenticator? Why would it increase the price of gems?

9 years ago
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Indirectly -> to create booster packs/cards² with the gems - which² you can't trade/get as easy as you used to. I don't even know what %age of the community would have to wait for 15 days on trades or when selling an item without authenticator. (The Market listing will be held for 15 days without it) With authenticator, selling cards 1 by 1 requires confirming every listing. Less people selling when demand is high > higher price unless the demand is covered which it might be on certain items.

(If the price for gems won't rise by ~ 30 %+ its because of a shitty event/incentives/sale
and or the annoyance of the new changes regarding trades/selling stuff ... would be
useful to know how many who participate actively in the s.com.market don't use an authenticator.).

9 years ago*
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9 years ago
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