A Caution for Praetoria
I have been looking of land resource chart daily for a long time. The time we started keeping the data and making the chart. In fact, I am the one who made the first charts with the help of @beaker007. What I am seeing lately bothers me a bit. So I am just going to put it out there.
Every land owners are reasonably happy lately that the resource prices going up during the time BTC is trending down. Well if you have a need or want for a non-correlated crypto asset, here we have it!!
A rare crypto asset trading at ATH! I do not know why we are not circulating this because this is one of the best marketing we can do regarding our game right now.
Screenshot from gathering the magic's youtube video
The cheapest land plot is currently $46. I remember buying some for $10, and those were common stone plots. Common grain plots were lower. So bottom line, every land resource that you can think of is higher.
So why the Caution?
I don't want to cry the wolf here, but the reason the prices are going is is because there are land cards in the horizon, to be released perhaps under a month. I wrote a post about a week back that explains the details on what is coming. It has the potential for consuming the following amount of resources:
| Resource | Potential Consumption | Total Current Resources in Praetoria | Potential max consumption |
|---|---|---|---|
| Grain | 2.3 B | 9.16 B | 25.11% |
| Wood | 540 M | 828 M | 65.22% |
| Stone | 90 M | 455 M | 19.78% |
| Aura | 95 M | 143 M | 66.43% |
| Iron | 40 M | 117 M | 34.19% |
So, if (and this is a big IF) the land card sale is complete, it will burn through a lot of surplus resources of Praetoria. Burning through 65% of the wood and aura stockpile is a big deal! Not to mention quarter of the grain stash!
But, people and market are forward looking. If you notice the plot above, the strong negative net production (that is more consumption than production) of grain have now disappeared. Meaning, people are already preparing for the upcoming event and producing as much grain as they can. Same for the other resources. So, supply is increasing at a rapid pace, in anticipation of the demand. The demand is not here yet.
So if we falter, or after the sale is over, there will be still a lot of resources. So, I think we need to think about additional sink now. All the land cards will make more resources, and if we don't have items to use those resources for, we will see lower price again, soon!