An open letter and think piece about the Knife/Glove Trade-Ups
These thoughts are from us to you, and this formulated statement is the personal view and opinion of our founder.
This is in no way financial advice. Always buy and sell at your own due diligence. There are always risks involved if you are investing, never mind what or where it is. Always be careful, do not get "FOMO" (fear of missing out). There will be other opportunities, and at the end of the day it is just money. Money comes and goes.
Thank you for reading this intro. Now it is time to get to our thoughts on the new update.
Our thoughts on the new Knife/Glove Trade-Up update
A Few thoughts on the knife/glove trade-up topic:
My current knowledge: knives are instantly tradeable after trade-up. That is the case if you have covert skins which are not trade-banned, giving you instantly the option to get a new knife.
Which means: increased supply + panic selling came together this morning / night. In that case, prices should already be the lowest they get. With the update, knife/glove combos got cheaper - more accessible for „normal“ players. We will come back to that in a second.
My current knowledge: knives are instantly tradeable after trade-up. That is the case if you have covert skins which are not trade-banned, giving you instantly the option to get a new knife.
Which means: increased supply + panic selling came together this morning / night. In that case, prices should already be the lowest they get. With the update, knife/glove combos got cheaper - more accessible for „normal“ players. We will come back to that in a second.
Play skins and budget skins
Play skins got a significant increase in prices (already over the last weeks but also today/in general) as they will always level out knife/glove prices.
Lower knife/glove prices invite more people to get a combo when starting to play (which is good, assuming that people with glove knife combos also play more cs due to being more invested - both financially, but also joy-wise)
In that case the active playtime will increase, with that the demand for gloves and knives, and with that the prices of both.
Lower knife/glove prices invite more people to get a combo when starting to play (which is good, assuming that people with glove knife combos also play more cs due to being more invested - both financially, but also joy-wise)
In that case the active playtime will increase, with that the demand for gloves and knives, and with that the prices of both.
What about long term?
Long term, that would mean that knives/gloves are on the bottom of their prices right now, and normal playskins increase in price. With that, it could level out the losses everyone had today over the short/long run and even increase the healthiness of the market due to more people owning gloves and knives.
My prediction would be that we end up with significantly increased play skin prices and knives/gloves down 20-30% which should be a decent deal for everyone who had a „normal“/diversified inventory.
My prediction would be that we end up with significantly increased play skin prices and knives/gloves down 20-30% which should be a decent deal for everyone who had a „normal“/diversified inventory.
What does this mean for the big collector/cash trader?
To everyone with big sums in knives and gloves that update is a pain - keep your head up and in the best case prices will level out over time - especially if you didn’t buy in the last weeks/months but some time before. Actually very optimistic that the significant amount that I lost today will be back in a couple of months due to increases in play skins, cases and rebouncing of gloves and knives.
Cases should also increase long-term due to higher ROI across the board, no? Although having a counter effect due to higher tier knives being less of a jackpot.
Cases should also increase long-term due to higher ROI across the board, no? Although having a counter effect due to higher tier knives being less of a jackpot.
The "case" with Cases:
Cases should also increase long-term due to higher ROI across the board, no? Although it has a counter effect due to higher-tier knives being less of a jackpot. But the covert skins in many "cases" could still see really good potential.
Conclusion and final words
No matter on what side of the update you are: take care, the market will recover - I‘m sure, and as explained right now, I actually see opportunity for healthy growth due to the update!
This is not financial advice, just a simple theory and our thoughts on this matter. Always think for yourself and never spend money you can not afford to spend.
You can also check out the original tweet; we adapted some things due to feedback and new information. We would love your input. @jAlexEF
This is not financial advice, just a simple theory and our thoughts on this matter. Always think for yourself and never spend money you can not afford to spend.
You can also check out the original tweet; we adapted some things due to feedback and new information. We would love your input. @jAlexEF
