RE: Splinterlands - Fewer rentals and lower prices per rental.... how much lower can it go!?!
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I wish it was just Jarvie and his $400k. There are tons of big names that just jumped in much bigger than they had been just as rentals began to slow. clove71 for instance is not everywhere bringing up the bottom of the market with a stack. CJturtlelands is popping up in a lot more places. Monster.candy is all over the place. And the whole buy ramp at the end of last season that took buys back to all time highs for 3 days almost all went straight into the rental market as well.
It's taken everything well below its natural equilibrium prices where the most money will change hands and into price areas where most people see it as so cheap, they don't register it as having value so they pass it up.
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Hmmmm. Interesting. I can see myself renting out fewer and fewer cards at this rate. I'm already looking at the bottom prices and thinking it's not worth changing mine for that. As a result my percentage rentals are well down.
I suppose I'll wait and see what it looks like when the big renters have listed all their cards. It's a time consuming process and for the small amounts many of my cards are getting this season it simply won't be worth it.
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That's also interesting though because now I wonder how many other people will find it not worth it anymore and just give up.
You're right about it being a very time consuming process. I now have to adjust the price of every card (usually Down) one of more times every time a rental ends because there's sooo much inventory below me. It gets to the point where it becomes painful to help push a card price down I know should be going for more.
As long as rewards are this low though, the rental market is going to be terrible no matter how many people enter or exit. I'm really hoping the devs find a sweet spot with rewards. It probably shouldn't be the .60 cents per win I was making in bronze 1 last month at the peak but .03 cents is definitely too low for a vibrant economy.
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I know that feeling - I do 10 at a time three times a day, but it's painful.
I take your point about needing better rewards..... people are much more likely to spend their magic internet money on rentals, probably not their hard earned FIAT!