Markups

[SuuPRlim]

agree with Nirvana, if someone struggling and is i) a person I like, and ii) feel like they'd give me a go in reversal of situations then I'd happily give them a spin, at a price that is way in their favour.

[MintTrav]

There have been a lot of mentions of the market deciding, but you have already nailed your colours to the mast when you set a rate. It's not a dynamic market where the price comes down a bit if people are not buying, then goes back up if there is demand and keeps adjusting to an equilibrium. You set a price and you're more or less stuck with it, unless you take it all down and reset, at which point you're stuck with that one.

How can you know the best price to set, especially if you are new to it?

If you price at 1.1 and sell out, how do you know whether you could have sold at 1.2, or 1.3? You don't, so far as I can see. If you don't sell at 1.3, you have no indication of whether you should have set at 1.2, 1.1 or 1.0. You might get some narrative feedback, but that opinion  could be misleading in relation to what the market would accept.

I sold for the SCOOP, possibly a bit lighter than I could have, and it sold out. Could I have sold for more? Maybe - I don't know. Had a few deep runs, but no big cashes, though most of the stakers said they would have another go. Could I now sell for more? Probably, I guess. What price should I set the next time? No idea - presumably I could go a bit higher. I haven't seen an auction in action on here, but they seem to get a bad press. Would that be a way of someone like me to discover what level I should price at?

[Simon Galloway]

Lots of people thinking about if they could. Not many thinking about if they should.

If you sell out at 1.1 and binkkk, you could reason that you will easily get 1.2 next time.  Or, you could be grateful that everyone helped you into the event allowing you to bink, and as a consequence, let the same investors in at spot next time in thanks.
Someone selling a 20k package at 1.2 selling 50% just got 2k in juice, difficult to think that isn't unreasonable contribution to flight and hotel...

[cambridgealex]

I think the market does seem to have some deciding force in the long term actually MintTrav.

I've started 20 staking threads here, and all have sold out except one, so you get a pretty good idea of what the market thinks is a fair price by how quickly they sell out. So you increase/decrease the price for your next thread. When threads don't sell out, that person gets given a pretty massive indicator that they've priced it too high and they will readjust for next time. When threads sell out in 10 minutes, it's pretty clear that they could've been priced higher.

It's kind of hard to predict because the market seems irrational to be frank. It's very much a case of 4 LEGS GOOD 2 LEGS BAD - 1.2 GOOD, 1.5 BAD. There's plenty of good value threads at 1.3, 1.5 that people turn their noses up at, yet because Joe Bloggs is under it and selling at 1.0 they they that must be better value.

I almost never buy a package that is at 1.0, quite simply because if the person doesn't believe that are value at higher, or doesn't have results to justify selling at markup, then it's likely to be a -EV investment. Of course there's many humble people that chose not to sell higher, or undervalue themselves, yet are plenty good value, and I never hesitate to buy in those.

The staking board is very much a business for me, I buy and sell with a higher frequency than almost anybody, and it's all pretty down to whether something is +EV or -EV whether I buy or don't buy.

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

Trying not to be too defensive as I know no-one's specifically called me out, but it's natural to be paranoid about these things, so just wanted to say how I view the market.

[GreekStein]

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

I feel that you're overstating the community aspect as though it's almost a justification within figuring a market price. I may well be wrong but I don't get why you'd mention it so much

[cambridgealex]

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

I feel that you're overstating the community aspect as though it's almost a justification within figuring a market price. I may well be wrong but I don't get why you'd mention it so much

Sorry Cos, could you explain that a bit further please, not really sure what you're getting at.

[gouty]

agree with Nirvana, if someone struggling and is i) a person I like, and ii) feel like they'd give me a go in reversal of situations then I'd happily give them a spin, at a price that is way in their favour.

This is true and similar to boozing! I was "under it" in dec jan feb but my main boozing partner took me out on a bender once a week to keep my liver in shape!

[GreekStein]

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

I feel that you're overstating the community aspect as though it's almost a justification within figuring a market price. I may well be wrong but I don't get why you'd mention it so much

Sorry Cos, could you explain that a bit further please, not really sure what you're getting at.

Yeah I didn't express it very well and I possibly misread your post.

It looked like you were alluding to part of your markups being worthwhile because of your contributions to the forum.

[GreekStein]

People are just selling their variance, because they can.

[GreekStein]

What do people think of this:

Blonde has 10 people that see staking applications first. These would be well respected blondes that know a lot about staking. Off the top of my head I would suggest: Keys, Rupert, Camel, Simon Galloway (captain!), Flushy, Trigg, MC, Dubai, AndrewT and LilDave.

Before a staking request can be put up, it should be sent to these guys in a pm. They must agree to not discuss it amongst each other and they send back what they think a fair rate would be to someone like Tighty. The average of the first 5 responses back is the rate that their staking package can go up at.

Like it or lump it.

[cambridgealex]

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

I feel that you're overstating the community aspect as though it's almost a justification within figuring a market price. I may well be wrong but I don't get why you'd mention it so much

Sorry Cos, could you explain that a bit further please, not really sure what you're getting at.

Yeah I didn't express it very well and I possibly misread your post.

It looked like you were alluding to part of your markups being worthwhile because of your contributions to the forum.

No that's the opposite of what I was saying. I was saying I don't feel the need to charge lower markups than I think I'm worth because blonde is a community - because I do my bit in other areas, if that makes sense.

[GreekStein]

Whilst I value the community aspect of blonde immensely, I chose to show that in other ways, by doing commentary for free, giving to DTD's charity, running charity sweepstakes, posting loads in PHA, advertising blonde and DTD on my blog, twitter etc, and just generally being very active in the community.

So I don't feel bad that I charge high markups, and I'm aware they are on the high side, because I know I give back plenty to the community AND I believe they are good value investments anyway, and have the results to back it up.

I feel that you're overstating the community aspect as though it's almost a justification within figuring a market price. I may well be wrong but I don't get why you'd mention it so much

Sorry Cos, could you explain that a bit further please, not really sure what you're getting at.

Yeah I didn't express it very well and I possibly misread your post.

It looked like you were alluding to part of your markups being worthwhile because of your contributions to the forum.

No that's the opposite of what I was saying. I was saying I don't feel the need to charge lower markups than I think I'm worth because blonde is a community - because I do my bit in other areas, if that makes sense.

I'm not calling you out here Alex.

I'm not nearly as active on the staking boards as I used to be but either people's estimation of their ROI is way off or people just sell their variance because they can.

[redsimon]

What do people think of this:

Blonde has 10 people that see staking applications first. These would be well respected blondes that know a lot about staking. Off the top of my head I would suggest: Keys, Rupert, Camel, Simon Galloway (captain!), Flushy, Trigg, MC, Dubai, AndrewT and LilDave.

Before a staking request can be put up, it should be sent to these guys in a pm. They must agree to not discuss it amongst each other and they send back what they think a fair rate would be to someone like Tighty. The average of the first 5 responses back is the rate that their staking package can go up at.

Like it or lump it.

We seem to have these threads pop up regularly, yet the staking board works. If people are marking up too high they won't get staked. Seems overly beauracratic to me

[PeteL]

My post here was more aimed at the sellers rather than the buyers who sometimes are exploiting friends when we should be trying to help each other. It's not all about extracting the maximum from every situation perhaps some generosity would go a long way in this world.

[claypole]

What do people think of this:

Blonde has 10 people that see staking applications first. These would be well respected blondes that know a lot about staking. Off the top of my head I would suggest: Keys, Rupert, Camel, Simon Galloway (captain!), Flushy, Trigg, MC, Dubai, AndrewT and LilDave.

Before a staking request can be put up, it should be sent to these guys in a pm. They must agree to not discuss it amongst each other and they send back what they think a fair rate would be to someone like Tighty. The average of the first 5 responses back is the rate that their staking package can go up at.

Like it or lump it.

I like it but not as a beauracratic measure and a process. I think it's a sensible idea to get someone else to look a proposal - I actually got Keys to look at mine this time for Vegas and asked Dubais advice first time I ever put a thread up.

Not sure how it works as a "you must" - I'd rather people just talk and seek input