There is One New Rule Every Month Globally-Chapter 674 - 409 Chief Li._3

Wasn’t this a bit too lucky?

“That’s right.”

Tuberculosis Rabbit, with a look of emotion, clicked his tongue, “Yi, if we didn’t know what was going on, we might have thought that there was a manipulator playing the market, harvesting retail investors.”

In fact, Yi had initially only planned to buy a batch of chests to hoard Luck Points.

But then, finding the price of the chests too high, he figured he might as well sell a batch to make a bit of profit.

After selling that batch and noticing the price had plummeted, he thought about buying another batch to keep for later.

No sooner had he bought the last batch, than Sword Without End made an announcement, and the price suddenly skyrocketed, making the goods in Yi’s hands immeasurably valuable.

Yi, not a market manipulator.

But better than a market manipulator, more manipulative than a market manipulator.

Even for a market manipulator, it would be hard to engineer such a perfect situation.

“That doesn’t seem right.”

Sword Without End, still basking in the joy, didn’t forget to think and said with some confusion, “I remember my announcement very clearly stated that I got this Monument during the Novice Period after collecting all the E-rank Props.”

“The main difficulty lies in the Novice Period. They aren’t in the Novice Period, even if they do collect them all, they won’t get any rewards, so why the excitement?”

“Even if someone does manage to collect a full set of E-rank Props within the Novice Period again, the in-game Monument is unique—I’ve already gotten it, they definitely can’t get it, so why would the price rise so outrageously?”

“Well, about that…”

Chen Yi suddenly started laughing and said, “Actually, this question is easy to answer. The E-rank random Prop Chests have gone through several rounds of dramatic rises and falls, with many players making money because of it, and also losing money because of it.”

“In the hearts of many players, this item is no longer simply a Prop; it is a financial product.”

“Once you expect an item to skyrocket and make money for you, you start to subconsciously ignore its actual value and focus entirely on how much other people think it’s worth.”

“This is what’s called market sentiment.”

“Market sentiment is about consensus. Once the majority agrees on the value of something, even if it’s worthless, it will soar in price because of that consensus. And when you start thinking of the E-rank random Prop Chests as financial chests, you subconsciously start to think about the price others attribute to it.”

“So—”

“As soon as the announcement went out, these people rushed in, interpreting the announcement as good news, fully aware that it specifically mentioned within the Novice Period and that it’s a non-replicable event.”

“But when the announcement became a piece of good news, that’s different. These people didn’t charge in with a bunch of Points because they were certain that the price of E-rank Prop Chests would go up; they did so because they thought others would certainly think the price would go up, and so they took the lead.”

“These are the sentiment-driven investors.”

“At the first hint of good news, they rush in without a second thought, fearing they might be too late.”

“Interestingly, the price does often rise due to good news, but not because of the news itself, but because there are so many of these stubborn people that they push up the price temporarily.”

“Just like what’s happening now.”

Chen Yi looked at the soaring price of the E-rank random Prop Chest and sighed helplessly, “Right now, there are many types of people buying in. There are those who are too impatient to wait and rush in because of the perceived good news.”

“There are those who have witnessed the peak prices of E-rank random Prop Chests and also want to rush in for another profit. Once an item has reached a very high price, even if that price drops later, people will believe it can return to its peak value, regardless of whether the item is really worth that much. This is human nature.”

“There are those who buy in for the excitement and the talking points.”

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“And then there are the gamblers, who think since collecting all E-rank Props during the Novice Period earns a Monument, perhaps collecting them outside of the Novice Period has some other reward too. Not all E-rank Props are sold on the Star Map; there are indeed some rare E-rank Props that can’t be found there, but as you can see, the price of other E-rank Props hasn’t really risen, it’s just the E-rank random Prop Chests that has a more exaggerated rate of increase.”

“This indicates that only a minority of people are thinking this way. The majority are still riding on the good news to cash in, hoping to make a buck.”

“Just watch.”

Chen Yi glanced at the price trend and casually said, “When the price hits around 450 Points, the rate of increase will significantly slow down, and there may even be a downward trend in prices. But once this trend stabilizes and the price bounces back to around 500 Points or so, it will face another explosive rise, and this increase will be extremely exaggerated.”