BLZrizz
08-31-2021, 01:45 PM
This is kind of just a for fun rundown of the types of folks I've transacted with over the years. People aren't the same archetype all the time, and can move based on conditions, circumstances, etc. Some are likely hybrids of these.
1. The Blue Whale - these guys are crypto magnates, business owners, entrepreneurs, etc. They're not particularly price sensitive. They know what they want, and are willing to pay for it. They won't burn money on purpose, but if your ask is in the realm of sanity they will pony up. They almost always come with firm offers, and their communication to transaction ratio is near 1:1. If they reach out, you are probably getting a deal done. Some are very secretive (e.g. paypal done through an LLC so you never know their real name), and their secrecy level is likely proportional to their IRL wealth. Recoupment/resale is largely irrelevant to them. if GS4 closes tomorrow (with their 6 figure real world dollars of GS4 assets) they will shrug and take another sip of their kopi luwak coffee. These are the guys dropping 3m-7m bloodscrip on stuff without nary a thought.
2. Old Money - These guys have been playing GS continuously or near so for a very long time. They have had the time to amass GS assets over long periods. Some are in the process of cashing out. They know item values, qualities, and provenance well, and are also highly likely to come with hard numbers. Due to their longevity and level of GS assets, their spending can rival that of the whales. Also high communication to deal ratio: if they reach out, odds are you will be able to hammer out a deal (51+%). Some of these guys are chronic merchants and some are “black holes”. Recoupment sales are of greater importance than the blue whales but not a significant concern.
3. Tire-kickers/New Money – this class has the ability (or the credit) to spend occasionally on items, and will drop $1-3k on a special item as a splurge. They are generally price sensitive and will want to get a good deal, but will ultimately pay if it’s an item they have been looking for. Recoupment costs are very important, and the ability to resell is a significant consideration. Communication to deal ratio is about 2:1, or 50% or so odds that a deal will happen if you start talking.
4. Time-wasters/Window shoppers – the squeaky wheel doesn’t always get the grease. This group sends out a lot of PMs, chats, and thoughts with questions, "what are you asking" messages, and teases (e.g. “so 200m for that falchion huh? Sounds interesting…”). They are flaky, and getting a firm offer out of them is like pulling teeth. They are just as likely to ghost you as they are to reply and this class has a high likelihood of backing out of an agreed deal. They are highly price sensitive, and their communication to deal ratio is 10:1, i.e. when they reach out it’s less than 10% odds you actually get a deal done.
5. The GS4 livelihood guy. This last class of folks run GS4 like a business. 14 accounts, book resale, merchanting, bounty point sweatshop, premium point resale, etc. Dealing with them is like dealing with Carmax – you can get cash in hand now with less hassle, but always less than if you took the time to sell it yourself. They are very price sensitive as they evaluate based on business margin principles, but they are largely easy to deal with. They buy at wholesale and sell at retail. If you’re ok with that, the transaction generally goes well. Very good communication to deal ratio, as they make money on volume. Every deal is a profit to these folks and that’s not a bad thing.
Any ones I missed?
1. The Blue Whale - these guys are crypto magnates, business owners, entrepreneurs, etc. They're not particularly price sensitive. They know what they want, and are willing to pay for it. They won't burn money on purpose, but if your ask is in the realm of sanity they will pony up. They almost always come with firm offers, and their communication to transaction ratio is near 1:1. If they reach out, you are probably getting a deal done. Some are very secretive (e.g. paypal done through an LLC so you never know their real name), and their secrecy level is likely proportional to their IRL wealth. Recoupment/resale is largely irrelevant to them. if GS4 closes tomorrow (with their 6 figure real world dollars of GS4 assets) they will shrug and take another sip of their kopi luwak coffee. These are the guys dropping 3m-7m bloodscrip on stuff without nary a thought.
2. Old Money - These guys have been playing GS continuously or near so for a very long time. They have had the time to amass GS assets over long periods. Some are in the process of cashing out. They know item values, qualities, and provenance well, and are also highly likely to come with hard numbers. Due to their longevity and level of GS assets, their spending can rival that of the whales. Also high communication to deal ratio: if they reach out, odds are you will be able to hammer out a deal (51+%). Some of these guys are chronic merchants and some are “black holes”. Recoupment sales are of greater importance than the blue whales but not a significant concern.
3. Tire-kickers/New Money – this class has the ability (or the credit) to spend occasionally on items, and will drop $1-3k on a special item as a splurge. They are generally price sensitive and will want to get a good deal, but will ultimately pay if it’s an item they have been looking for. Recoupment costs are very important, and the ability to resell is a significant consideration. Communication to deal ratio is about 2:1, or 50% or so odds that a deal will happen if you start talking.
4. Time-wasters/Window shoppers – the squeaky wheel doesn’t always get the grease. This group sends out a lot of PMs, chats, and thoughts with questions, "what are you asking" messages, and teases (e.g. “so 200m for that falchion huh? Sounds interesting…”). They are flaky, and getting a firm offer out of them is like pulling teeth. They are just as likely to ghost you as they are to reply and this class has a high likelihood of backing out of an agreed deal. They are highly price sensitive, and their communication to deal ratio is 10:1, i.e. when they reach out it’s less than 10% odds you actually get a deal done.
5. The GS4 livelihood guy. This last class of folks run GS4 like a business. 14 accounts, book resale, merchanting, bounty point sweatshop, premium point resale, etc. Dealing with them is like dealing with Carmax – you can get cash in hand now with less hassle, but always less than if you took the time to sell it yourself. They are very price sensitive as they evaluate based on business margin principles, but they are largely easy to deal with. They buy at wholesale and sell at retail. If you’re ok with that, the transaction generally goes well. Very good communication to deal ratio, as they make money on volume. Every deal is a profit to these folks and that’s not a bad thing.
Any ones I missed?