Seattle
Valued Senior Member
Haha, you win! Finally you have presented an interesting article. No woo involved.An interesting aspect of this issue is demonstrated in the video game industry.
Multi-player combat, complete with $50 billion (2017) a year plus, for purely cosmetic purchases.
View attachment 2679
c/o https://medium.com/wax-io/how-on-ea...ideo-games-a-50-billion-industry-5972c211d621
Example virtual outfit (2017) : Apparently costs $500 real dollars, most often purchased by heterosexual male players, using the female character.
So... one-upmanship is a thriving industry worth trillions...
Contribution to thread topic 7/10
Seattle,
Your turn...
I'm not a gamer. I did work for Nintendo for a short period. I have played a game or two in my life but I'm not into it.
I did spend several years supporting myself solely as a day trader. I do get what is going on here. It is interesting although it would have no personal interest for me at all. It was interesting to read. I get the concepts. It's no different than any other secondary market.
I'm not currently doing it but I like selling things on Ebay. A market is a market and most of the same rules and concepts apply.
I've bought and sold a lot of guitars and after the first few I bought (as I was learning) all the rest paid for themselves. That's not a money making scheme (on my part). It just allowed me to try out a lot of guitars without having to keep adding more money. I like knowing how to photograph, write ad copy, understand the pricing and shipping aspects as well as the psychology behind it all. It's generally a better move to increase your asking price a bit rather than to lower it.
I was mainly using fixed price sales (rather than auctions). I changed the price a lot as time went on.
Obviously, most of these (predominately) guys aren't spending $500 or $6 million (I'd like to hear more about that one) but many games have small buy-in options so this is just that on steroids I guess.
The secondary market is what I would have liked them to cover more. The people who are buying and selling at a profit.