The Crate Depression Part 2



The outcome of the Crate Depression


The only effects directly affected by the Crate Depression were Generation 1 and Generation 3 unusual effects, with Gen 3 being especially impacted. If you watch my streams on Twitch, you’d notice that Disco Beat Down and Miami Nights are amongst my favourite effects. Unfortunately, there were so many Gen 3 hats unboxed, that the effects have lost some of their uniqueness.

It’s basic economics, Supply and Demand. The Supply for Gen 1 and Gen 3 hats increased drastically, while demand has fallen as a result. Personally, the Crate Depression didn’t affect my backpack value too much. The only notable items that were affected were my Disco Beat Down Tough Muffs (bought for 63 keys in March, priced at roughly 35 keys today) as well as my Green Energy Powdered Practitioner (worth 64 keys when I purchased it, priced roughly at 45 keys today).

Many prominent traders in the community had cashed out due to the instability of the market at the time. Having an entrepreneur mindset, I didn’t cash out myself, instead I used the Crate Depression as an opportunity to make profit. After the crash, backpack.tf buy orders for unusuals had completely vanished. With this in mind, I decided to add hundreds of buy orders for Gen 1 and Gen 3 unusuals, in the hopes of quickbuying a few to sell for more in the future. One noticeable trade I had made, was to buy a Circling Heart Flipped Trilby for 7 keys and sell it for 28 only 2 weeks later.

Conclusion:
While many people lost money from the Crate Depression, it was also a massive opportunity for others to gather massive profits. The luckiest people were those who managed to sell their unusuals on the community market before Valve intervened, as well as those who sold all their worthless crates for a decent amount. Generation 1 and  Generation 3 hats have generally gone down in value, with Gen 3 being impacted the most. While the economy hasn’t died like many were claiming back in July, the Crate Depression has definitely had a permanent effect on the Trust we have on the economy. Previously, nobody would have guessed something like this could happen, but Valve never ceases to surprise us, be in a good way or a bad way. 

 -Pope

Comments

Post a Comment

Popular posts from this blog

Backpack.tf, the God of trading websites

Image
TF2 Trading Websites, a guide to Backpack.tf There are many websites out there traders can use in order to maximize their chances to snatch some juicy deals. Today, we will be looking at the holy grail of trading websites known as Backpack.tf! Backpack.tf Now that we understand how TF2’s currency system works, it’s time to look at Backpack.tf. I have been using it since 2015 and have found most of my profit opportunities on this website. Created as a side project in 2012, it has since become the biggest website relating to TF2 trading. TF2 item prices are basically dictated by the Backpack.tf community. Users can create and vote on Price Suggestions and if there is sufficient proof, these price suggestions will be accepted into the economy. If you type backpack.tf on your browser, this is the page that will show up. Don’t be overwhelmed by all the shiny buttons, we are just going to look at the basics. The first thing you probably noticed, is thi
Read more

Let's start with the basics

Image
New to trading ? Multiple times on both Steam and my Twitch channel, people have asked me the same question: “how do I make profit in TF2?” Before even asking this question, new traders need to understand the tools and the basic concepts of the TF2 virtual economy. In this post, we will take a look at these concepts, as well as an introduction to the holy grail of trading websites known as Backpack.tf The concepts: Just like any economy, TF2 has its own currency. The Mann Co. Supply Crate Key is the Dollar of TF2 and has been one of the most stable items in the game in terms of monetary value. People can purchase keys off the official Mann Co. Store at a price of 2.5$/key, but do not do this as there are many better places you can purchase keys for cheaper like the Steam Community Market (2.3$/key) or even third-party websites such as Marketplace.tf (1.8$/key) Along with keys, comes Metal. There are 3 kinds of metal types in TF2: Scrap, Reclaimed and Refi
Read more