RE: How is My Steemmonster Gold Lightning Dragon Speculative Investment Performing?
Thanks for the mention. I'm really happy so far, too. When the price goes up, my collection quickly gets more valuable (at least on paper), when the price stays low I get more opportunity to increase my stake.
Just over 20% of regulars, just under 20% of gold foils.
I've thought about the price relationship between alpha and beta too.
Thinking from the perspective of a player (rather than a speculator), if the price of beta is within 25% of the price of alpha, they're better off buying alpha versions and converting them.
This is one of the reasons I'm concerned at the idea of pushing the price of alpha cards too high.
If there's too great a difference nobody will buy and convert those alphas.
Just looking now, cheapest beta is 12c, cheapest alpha is 16c, exactly reflecting the difference in xp.
If the price of betas gets up to 13-14c, then those alphas will be bought and converted instead, which shrinks the supply further.
In the gold foil, the alpha is more than twice the price of the beta; so nobody's buying and converting those alphas.
This would likely explain the increased price of beta lightning dragons. Those who want a beta don't have the option of buying and converting a cheap alpha like they can with the other cards.
That’s interesting for sure, I hadn’t considered that angle.... Yeah I am not necessarily looking at it from a players perspective because what I am doing is more capital intensive for even a single card and obviously most players aren’t going to spend several hundred dollars for a card. I think people are assuming I am counting on gold foil tournaments to add value to my collection but really in mind my that’s just a added bonus if those happen and a minor part of the thesis. I am thinking in terms of the serious collector and I have a long term time horizon (years) to see if this actually works. I’m well aware that MTG black lotus alpha cards are 25 years out now ( and really a totally different ball of wax). ... It is interesting how we have a simular idea but are playing it in a different way. I think we will both be happy if the game is a huge success :)
There's also a massive marketing component to this. Every time a streamer opens a flesh golem, and mentions my name (they're always casting about for something to talk about), that's more exposure for my personal brand.
Goodness knows I'm not getting any exposure from the top of the leaderboard any time soon :)
I like your style @mattclarke!