So I am in an awkward situation, just days prior to Modo shutting down I was poised to buy into online to the tune of a standard deck a pauper deck and a few other misc decks. Now im unsure, do I go ahead and buy the decks despite having no idea what the future holds and deal with mono low EV events for the foreseeable future despite prices (presumably) dropping significantly over the next couple days, or should I wait until more information is made available, possible raising prices back up but having a more confident outlook on the future?
I'm waiting a little longer for more panic to set in.
Then, I'm buying up bigtime.
Particularly focusing on non-redeemable cards as anyone wanting out of MTGO right now is putting their Tarmogoyfs up for sale to buy Theros mythics.
Had I been in my present financial situation when Zendikar was out, I'd have taken out a personal loan for ~10k and invested in 150-170 sets when redemption went down, then resold them at 40% more when redemption was online again. I'm not sure right now is quite that good an opportunity (not so good that I'd borrow money), but I'm willing to invest 1-2k during this period.
I'm very much viewing this as a golden opportunity. I'd say wait a week or two to see what WoTC does, unless of course the prices of singles start dropping like rocks. Dailies, or some equivalent, and the other events they've taken down will come back eventually. Hopefully more people get pissed at wotc and sell their collections, flooding the market and driving down prices. With any luck, the price of high selling mythics (sphinx's revelation, jace, elspeth) will drop, and THAT is the point where you want to start buying singles like crazy. From an investment point of view, I want WotC to NOT announce an ETA for mtgo events to come back online, because others will either be pissed/insecure which will drive them to sell their collections and further lower prices. The longer it takes WotC to make an announcement and give an eta the more (hopefully) prices will fall.
Well redemption still exists, does this mean that mainly modern and legacy cards will most likely drop atm? If you can still redeem sets, then wouldnt whatever is in rotation still stay stable and everything else will go down?
After Hannukah, I was planning on getting into MTGO anyways, so this is great. If I can get playsets of all of the modern legal fetchlands for $200 I'll actually be able to make most of the decks that I will ever want to make.
Well redemption still exists, does this mean that mainly modern and legacy cards will most likely drop atm? If you can still redeem sets, then wouldnt whatever is in rotation still stay stable and everything else will go down?
I think older cards (that can't be redeemed) will drop a lot more, but it's possible both will drop. Redemption is a really big part of newer card prices, no doubt.
After Hannukah, I was planning on getting into MTGO anyways, so this is great. If I can get playsets of all of the modern legal fetchlands for $200 I'll actually be able to make most of the decks that I will ever want to make.
They might drop some. I sold mine prematurely for about 13 each. It's standard cards that are taking a hit right now. Fetchlands and their ilk are what market analysts call a "flight to quality".
Out of the blackness and stench of the engulfing swamp emerged a shimmering figure. Only the splattered armor and ichor-stained sword hinted at the unfathomable evil the knight had just laid waste.
Nope, muta was actually that high. there's a huge amount of value in M14, core sets aren't drafted for that long and interest often dies off in them fairly quickly as well.
Many staples are at about -5/15% but it is not a total meltdown as I expected. Would the prices go down for a lot longer or will it stick around this because of set redemptions?
we're in uncharted territory, no one really understands the market demand drivers well enough (redemption? casual? DE grinders? speculators? IRL playtesters?) to be able to give anything more than a guess at this stage.
Come on Griselbrand, drop to your price in paper. You aren't Commander, Standard, or Pauper legal, you aren't currently successful in Modern, and Legacy isn't played enormously on MTGO. You have no reason to cost $19. Drop.
After Hannukah, I was planning on getting into MTGO anyways, so this is great. If I can get playsets of all of the modern legal fetchlands for $200 I'll actually be able to make most of the decks that I will ever want to make.
but I'm willing to invest 1-2k during this period.
I'm going to be in for quite a bit more. The real question is... 100% RTR, or some mixture of RTR, DGM & Theros, possibly including some M14 if Mutavault dips below 10?
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I'm very much viewing this as a golden opportunity. I'd say wait a week or two to see what WoTC does, unless of course the prices of singles start dropping like rocks. Dailies, or some equivalent, and the other events they've taken down will come back eventually. Hopefully more people get pissed at wotc and sell their collections, flooding the market and driving down prices. With any luck, the price of high selling mythics (sphinx's revelation, jace, elspeth) will drop, and THAT is the point where you want to start buying singles like crazy. From an investment point of view, I want WotC to NOT announce an ETA for mtgo events to come back online, because others will either be pissed/insecure which will drive them to sell their collections and further lower prices. The longer it takes WotC to make an announcement and give an eta the more (hopefully) prices will fall.
The problem with this, is that if DEs never return to their previous payouts, singles likely won't go back up to their previous prices, ever. As many have mentioned, this really is uncharted territory, no one has any idea whats going to happen. Buying when prices tank is a great idea *if* DEs come back and prices bounce back. If they don't, or worse, if the players that are leaving now don't ever come back and simply stop playing MTGO altogether, those mythics you plan on buying up won't budge in price and will be tought to unload at all, since the previous player base and the resulting demand for those cards just won't exist anymore.
Its a gamble, either way. If you buy in, and DEs come back, you stand to make a lot of money, and those who didn't will be kicking themselves. Given MTGOs track record in the past of eliminating events (4 pk sealed) only to bring them back with lowered prize support and/or higher entry fees, or eliminating them altogether (leagues), does anyone have any reason to be optimistic here?
It seems like a great opportunity, if you think MTGO will rebound to it's current state. I think that's a big if. They will surely lose many, many players as a result of this. And those who stay are going to have reduced confidence in investing hundreds of dollars in a deck that they might only be able to resell at huge loss.
Come on Griselbrand, drop to your price in paper. You aren't Commander, Standard, or Pauper legal, you aren't currently successful in Modern, and Legacy isn't played enormously on MTGO. You have no reason to cost $19. Drop.
I unloaded two of my three for the new Garruk, and I was shocked at how much I got for Griselbrand. Who the heck is playing him, and in what format, to command this price??
I literally just got into MTGO 2 weeks ago and then this happens...I cashed out last night and took about a 40% loss in what I invested. I'm extremely pissed and will probably never play this game again...
It seems like a great opportunity, if you think MTGO will rebound to it's current state. I think that's a big if. They will surely lose many, many players as a result of this. And those who stay are going to have reduced confidence in investing hundreds of dollars in a deck that they might only be able to resell at huge loss.
This is what wizards doesn't understand. They shot themselves in the foot here. If they had to, make positive EV 8 man queues and take a loss on those for a while. The alternative is people quitting and never returning, and the longer it takes the more people will never come back.
Yea if you wanted to cash out it had to be right as the news struck... anyone with cards now has to hold them indefinitely
What happened to MTGO? I haven't logged in since I drafted THS about 2 weeks after release. Is it the Bots/trades? the actual client? etc? I didn't even realize something was going on until I went to this forum section since I was planning to draft THS online tonight.
Draft is running as normal. Scheduled events are down until further notice.
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Out of the blackness and stench of the engulfing swamp emerged a shimmering figure. Only the splattered armor and ichor-stained sword hinted at the unfathomable evil the knight had just laid waste.
Thanks. I did find an article outlining what has transpired these last 2 or 3 days to MTGO.
But what's up with people apparently selling all their cards for super low prices?
Prices have declined but they're definitely not super low.
If you're just asking why people are selling: I pretty much only play daily and premier events online because i can win more and more tix. Those events are canceled so i can't use the cards in my account to do what i want.
There's no reason to have cards just sitting there unused so i sold a ton of cards when the news broke. Worst case is I can re-buy everything for a slightly lower price when they announce that EV events are coming back.
(Worst case is really if EV events don't come back, but i dont really want to think about that).
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EDH:
UBGThe MimeoplasmUBG
Then, I'm buying up bigtime.
Particularly focusing on non-redeemable cards as anyone wanting out of MTGO right now is putting their Tarmogoyfs up for sale to buy Theros mythics.
Had I been in my present financial situation when Zendikar was out, I'd have taken out a personal loan for ~10k and invested in 150-170 sets when redemption went down, then resold them at 40% more when redemption was online again. I'm not sure right now is quite that good an opportunity (not so good that I'd borrow money), but I'm willing to invest 1-2k during this period.
http://forums.mtgsalvation.com/showthread.php?p=9733836#post9733836
Storm Crow is strictly worse than Seacoast Drake.
I think older cards (that can't be redeemed) will drop a lot more, but it's possible both will drop. Redemption is a really big part of newer card prices, no doubt.
EDH:
UBGThe MimeoplasmUBG
http://www.supernovabots.com/prices_0.txt
Just saying...
A comic about the world's most addictive game, Magic: The Gathering.
They might drop some. I sold mine prematurely for about 13 each. It's standard cards that are taking a hit right now. Fetchlands and their ilk are what market analysts call a "flight to quality".
http://www.mtggoldfish.com/card/Mutavault+%5BM14%5D
This M14 rare was over 20? Is that graph wrong?
we're in uncharted territory, no one really understands the market demand drivers well enough (redemption? casual? DE grinders? speculators? IRL playtesters?) to be able to give anything more than a guess at this stage.
Storm Crow is strictly worse than Seacoast Drake.
chag sameach.
*DCI Rules Advisor*
I'm going to be in for quite a bit more. The real question is... 100% RTR, or some mixture of RTR, DGM & Theros, possibly including some M14 if Mutavault dips below 10?
https://twitch.tv/annorax10 (classic retro speedruns & occasional MTGO/MTGA screwaround streams)
https://twitch.tv/SwiftorCasino (yes, my team and I run live dealer games for the baldman using his channel points as chips)
I noticed that too. Likely because its the deck a lot of the grinders ran.
Standard:
RW Boros devotion/Purphoros combo
RGB Jund Midrange
Modern:
WB Martyr.proc
The problem with this, is that if DEs never return to their previous payouts, singles likely won't go back up to their previous prices, ever. As many have mentioned, this really is uncharted territory, no one has any idea whats going to happen. Buying when prices tank is a great idea *if* DEs come back and prices bounce back. If they don't, or worse, if the players that are leaving now don't ever come back and simply stop playing MTGO altogether, those mythics you plan on buying up won't budge in price and will be tought to unload at all, since the previous player base and the resulting demand for those cards just won't exist anymore.
Its a gamble, either way. If you buy in, and DEs come back, you stand to make a lot of money, and those who didn't will be kicking themselves. Given MTGOs track record in the past of eliminating events (4 pk sealed) only to bring them back with lowered prize support and/or higher entry fees, or eliminating them altogether (leagues), does anyone have any reason to be optimistic here?
Standard:
RW Boros devotion/Purphoros combo
RGB Jund Midrange
Modern:
WB Martyr.proc
I unloaded two of my three for the new Garruk, and I was shocked at how much I got for Griselbrand. Who the heck is playing him, and in what format, to command this price??
This is what wizards doesn't understand. They shot themselves in the foot here. If they had to, make positive EV 8 man queues and take a loss on those for a while. The alternative is people quitting and never returning, and the longer it takes the more people will never come back.
Yea if you wanted to cash out it had to be right as the news struck... anyone with cards now has to hold them indefinitely
Standard
UR Control
Modern
Merfolk
Burn
Avacyn did nothing wrong!
Purify Innistrad!
#Purge
But what's up with people apparently selling all their cards for super low prices?
Standard
UR Control
Modern
Merfolk
Burn
Avacyn did nothing wrong!
Purify Innistrad!
#Purge
Prices have declined but they're definitely not super low.
If you're just asking why people are selling: I pretty much only play daily and premier events online because i can win more and more tix. Those events are canceled so i can't use the cards in my account to do what i want.
There's no reason to have cards just sitting there unused so i sold a ton of cards when the news broke. Worst case is I can re-buy everything for a slightly lower price when they announce that EV events are coming back.
(Worst case is really if EV events don't come back, but i dont really want to think about that).