0.84 CDN$ here ... Price is simply ridiculous since most bids are already way too high and we're still 2 days away since the end of the first auction...
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What's the market value of the most expensive boosters you can make with one sack after Valve take their cut? In theory that should be the limit. Of course it won't just be the sacks increasing in price, the boosters will be coming down in price as more are created.
In practice people might well go higher than that to spunk it on the auction if they get get dat dere auction fever!
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http://www.reddit.com/r/Steam/comments/2p2c03/will_the_sack_of_gems_be_sold_on_the_steam_market/
According to this reddit post the price of booster packs should be between 0.20 and 0.40... and the gem sacks are already reached 0.60 a moment before... You think Valve will lower the prices of creating booster packs later on?
I don't know man this is like watching Wall Street stocks or something. One minute it's going up another down again. :/
I tried buying one at the lower price and then selling it at a higher but then I remembered that I don't know what the Valve fees were at this price.
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There are some boosters that sell much better than that, especially for those naked anime chicks games. They will inflate the price of gems, as nobody will sell gems for 0.2 cents when they could craft booster for $1 (of course, not everyone will be able to craft those boosters, but most gem-sellers will know they exist and that will keep price of gems high, while newcomers will simply put gems for 1 cent less than current price).
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When things are new people go nuts buying them, for Steam market stuff that's especially true if it's newish around 8PM in North America on a weekend. Although after the initial rush prices will go down, as supply continues to go up, and the overanxious people aren't buying as much. Then when it's stuff like holiday cards, right around the time they get mentioned on the main page, prices tend to be really high, one day later as the flood of free cards from voting come in the price start dropping like a stone.
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You might be right about this. I hope they go down at least a bit.
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Other than holiday cards, particularly a day after the voting cycle starts the cheapest time to buy Steam market stuff tends to be around 6AM-Noon EST from what I've seen.
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Some extra predictions are that it sounds like this auction thing will only run from the 15th, to the 18th, and I kinda expect to be a new holiday thing. When there aren't auctions running, which could be most of the time, gems would just be for making card packs, and trading. At which point the demand will likely go down, along with the price, maybe to something around $0.40 to $0.70 for 1000 gems. Mind you if auctions end up being a more common thing, the price could go up to well over $1 for 1000 gems soon enough, as the this holiday auction will chew through a lot of the lower cost available supply, while demand will still be high to some degree.
So long as game auctions using gems for bids are only at most a holiday thing, this should in time end up more, or less normalizing the typical cost of a card set across all games, since it costs 2000 gems to make enough cards equal to the size of the set for any game. Of course when the game first comes out they will still cost more due to it being new, and people being in a rush.
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30 cents is probably bare minimum for the sacks, but probably will stay around the 50 cent range since it costs about that much to craft.
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Here is a list of 470 games and their booster pack prices in gems. I checked some of them, but most of them seem hardly worthwhile after fees and considering the prising price of the Steam Gems.
If they drop back down under .75 there would be some situations where you could buy a Sack of Gems, buy a booster pack, open the pack and sell the cards for profit. The prices of the booster packs themselves are much higher, but good luck selling them as you'll be undercut over and over until it's to the price of the card average tripled.
I think you can only buy boosters for games you already own, so there are likely other boosters available. This is all I had, so this is all I could contribute! If you want to make your own list, you can easily pull the data from the source of the page.
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I hope you do know that steam is doing this to make everyone start crafting before the big winter sale? So you will craft all of your badges now and be forced to buy new games in order to craft new badges in winter sale (If you plan on participating).
I kind of like the idea that backgrounds and emoticons are of some use now.
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I hate that you can't find out how many gems you will get for an item, before purchasing it in community market, it's quite a gamble.
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Thanks for the tip, but yeah it would take way too much time, plus I would need to find a person who has the item.
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http://steamcommunity.com/market/listings/753/753-Sack%20of%20Gems
Wow those gems are going as fast as they are being created, and they are only going up since they started at around 0.46 €. Currently they are on 0.59
Do you think they'll keep going up or they'll have to drop down a bit after a while?
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