Whats Up With The Prices

[Booklers]

The prices arnt really going up or down i dont get it
Well if it goes to the cata it will go down but why wont it go down even if it doesnt go in the cata its wierd i mean like you update it every once and a while but i think you should get more staff

~Forum Kid~

[Mint]

Hey Booklers, Thanks for your enquiry on the values. We can't control the values of rares but only change them to what they trade for, all rares go through periods of not changing in value. It just depends on whats on demand. You have control of the values, we just display them.

[PaulMacC]

Some prices do stay stable for a while, this is because the market does not demand them enough but there is enough demand to keep it at it's current value.

[-Danube-]

Alot of people get confused about this. They think that the only reason a rare can decrease is that it goes back in the catalouge. It's mainly about supply and demand. The Throne has a High demand but theres not many supplied hence the High and ever rising value, but if people didn't want the throne no more you would start to see a decrease. Other things can also effect the prices or rare e.g. if the prices of credits get stronger towards the HC it can push some prices up or down. For example if the gold coin was worth 0.7 and people always bought Uranus smokes for 10 creds as they think this is reasonable, then the uranus smoke would be worth 0.7, but if the gold coin when up in value and was now worth 1.0CS some people may still think 10 Creds is reasonable for a Uranus smoke and thus the value would go up.

[Mint]

Alot of people get confused about this. They think that the only reason a rare can decrease is that it goes back in the catalouge. It's mainly about supply and demand. The Throne has a High demand but theres not many supplied hence the High and ever rising value, but if people didn't want the throne no more you would start to see a decrease. Other things can also effect the prices or rare e.g. if the prices of credits get stronger towards the HC it can push some prices up or down. For example if the gold coin was worth 0.7 and people always bought Uranus smokes for 10 creds as they think this is reasonable, then the uranus smoke would be worth 0.7, but if the gold coin when up in value and was now worth 1.0CS some people may still think 10 Creds is reasonable for a Uranus smoke and thus the value would go up.

I agree with that, If people suspect that one of there rares is on a rise then they will keep it and wait till it goes up, if everyone does that (which sometimes can happen) then that rare will not get traded that much and the price will just stay the same.

[DieselShaq]

First of all, thank you for your question.

As Moony has stated, the general public of Habbo has the control over the values of rares, not us. We spend time in trade rooms to research values of rares and if there is enough evidence that shows a rise or fall in the value of a rare, Paul and Nia will make the suitable adjustments.

The Noob has given a valid point in saying that values depend on supply and demand, which is how the market price of items are decided in both the real and virtual world. Basically what is happening to the Throne at the moment is, from what I see, that both supply and demand have not changed in some time. When this happens, not much change will take place in terms of the price. However, if somebody is really desperate to buy a Throne (high demand), he or she may be willing to give quite a large amount of profit to the seller, which will cause other Habbos to think that the price is rising, and when that happens, they will buy and sell Thrones for more, causing the price to rise.

People in Habbo tend to try and predict what will happen to rare values without realising that they are in control of it.

It generally takes some time for the values to have a change, depending on the popularity (demand) of them.