Where does Newegg get their balls big enough to double the prices?

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: Sheldor333 on December 17, 2013, 08:36:35 AM

They want to maximize their profits, that is all they want to do. They saw an opportunity and they took it. They don't care about the consumers.

That's not how it works...

The price of an item has no relevance to how much they care about the consumer, they show consumer appreciation only by the quality of service which they offer... People who trade BitCoin should have a better understanding of this principle than "regular" people...

They could triple the old price and sell out in this market environment and I'm sure some businesses will. They set the "Sell" bid but the market demand will establish the "Buy" bid.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: bitpop on December 19, 2013, 08:46:04 AM

Yup im going to cum in neweggs mouth
Fuck them and fuck their *** points

Nasty language dude.

bitpop

legendary

Activity: 2912

Merit: 1060

Private companies have share holders too

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Noruka on December 19, 2013, 12:06:12 PM

Quote from: Sheldor333 on December 17, 2013, 08:36:35 AM

They want to maximize their profits, that is all they want to do. They saw an opportunity and they took it. They don't care about the consumers.

they care about their stock holders. If you have a shortage of supply and demand is extremely high you raise the price. As simple as that. consumers will still put these cards out of stock even at the current price.

Newegg? share holders?

Noruka

sr. member

Activity: 910

Merit: 253

Quote from: Sheldor333 on December 17, 2013, 08:36:35 AM

They want to maximize their profits, that is all they want to do. They saw an opportunity and they took it. They don't care about the consumers.

they care about their stock holders. If you have a shortage of supply and demand is extremely high you raise the price. As simple as that. consumers will still put these cards out of stock even at the current price.

bitpop

legendary

Activity: 2912

Merit: 1060

Don't get me started. I've done tons of cryptsy, ZERO POINTS!

Prolifik

full member

Activity: 588

Merit: 100

Quote from: bitpop on December 19, 2013, 08:46:53 AM

The marketing guy must be fucking retarded
Does only ONE product give you points? Or what I cant fucking find it

I read something that said you get points when you buy something on your wishlist so I did that and NOTHING. It's like craptsy points but worse, HOW IS THAT EVEN POSSIBLE!?

bitpop

legendary

Activity: 2912

Merit: 1060

The marketing guy must be fucking retarded
Does only ONE product give you points? Or what I cant fucking find it

bitpop

legendary

Activity: 2912

Merit: 1060

Yup im going to cum in neweggs mouth
Fuck them and fuck their nigger points

Prolifik

full member

Activity: 588

Merit: 100

Quote from: bitpop on December 18, 2013, 10:58:41 AM

Newegg has been shady as hell. Ps4 bundle scams, betraying v.me for masterpass and all kinds of other dishonest stuff. I used to support them but not any more, amazon 100% now.

Plus fuck eggpoints. I made tons of purchases and still 0 points!

Eggpoints piss me off too. I've spent over $1000 there and 0!

LightningBlade

sr. member

Activity: 259

Merit: 250

Quote from: timk225 on December 15, 2013, 03:01:48 PM

Back in August I bought 3 HIS Ice-Q 7950's off of Newegg for $230 each. Now all their 7950s are $450 each.

I'm in this for profit, as I'm sure Newegg is, but being a big company, they need a better reason to jack the prices like this. I propose we find someone in the Newegg warehouse, and bribe them to send out a few boxes of 7950's, as silent revenge and justice for their price gouging.

If I worked in their warehouse, I guarantee they would have "loaned" me quite a few GPUs, motherboards, CPUs, and RAM sticks and power supplies already for pulling this BS!

Supply and demand..

bitpop

legendary

Activity: 2912

Merit: 1060

Newegg has been shady as hell. Ps4 bundle scams, betraying v.me for masterpass and all kinds of other dishonest stuff. I used to support them but not any more, amazon 100% now.

Plus fuck eggpoints. I made tons of purchases and still 0 points!

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: timk225 on December 17, 2013, 09:50:53 PM

Oh I completely understand about supply and demand and capitalism, and I fully support it, at least when it works to my advantage.

Back in August-September-October, I mined 205 LiteCoins, and left them in my wallet until early December when the prices went up. I sold them all between $35-$40 each, netting $7200 after PayPal fees.

So it's good when it works to my benefit, but if I wanted to buy GPUs now I'd be mad, and would wait until the prices dropped back down.

I bought a few hundred bitcoins back when they were $5 or something, but got tired of waiting for the "pump" to work, and sold them for no profit. I blame Gox for not integrating when they said they would Wink

lesson learned. patience.

timk225

hero member

Activity: 955

Merit: 1004

Oh I completely understand about supply and demand and capitalism, and I fully support it, at least when it works to my advantage.

Back in August-September-October, I mined 205 LiteCoins, and left them in my wallet until early December when the prices went up. I sold them all between $35-$40 each, netting $7200 after PayPal fees.

So it's good when it works to my benefit, but if I wanted to buy GPUs now I'd be mad, and would wait until the prices dropped back down.

Skaterdiejosh

member

Activity: 115

Merit: 10

The blades on Amazon cost only 187$ each when I first ordered my first batch then within like 2 weeks later went up to 267 then 367 and to a high the week after of 546$ now back to 456$ as of writing this. Guess its all about supply and demand!! The crazy part is people are still paying at 546$ per card, wich anything over 250$ per card and you will maybe make your investment back in bitcoin if your lucky or possibly make some profit if shipping times are delayed on Pre-orders this March ......

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Sheldor333 on December 17, 2013, 08:36:35 AM

They want to maximize their profits, that is all they want to do. They saw an opportunity and they took it. They don't care about the consumers.

Its called capitalism. What America is built on.

BitCoinMiner01

newbie

Activity: 13

Merit: 0

Simple supply and demand. They were dealing with constant shortages of said product. Many times I purchased dozens of these cards back in 2011 (6950's etc. back then) and gamers were cursing me out in the checkout line because they were always out of stock. They're no more greedy than you are for wanting to purchase them for below market equilibrium price.

Hmmm, maybe we could just get the government to price-fix video cards... oh wait, that's exactly the type of behavior that crypto will eliminate. Ha. It's amazing how many statists there are in the crypto community.

Desensitizer

newbie

Activity: 42

Merit: 0

Like all big resallers Newegg works off supply and demand. There is a reason they raised the price of those cards so much, and the fact is that people want them. It sucks to be on the side of the consumer, but be grateful that you chose to buy those cards when they were so cheap. The same thing happened in the past when a hurricane wiped out the HDD factories and they raised the price of HDD's like crazy in response.

rallasnackbar

full member

Activity: 196

Merit: 100

Quote from: Rez on December 16, 2013, 08:35:14 PM

WHY CAN'T I GET BITCOINS FOR $10 EACH?

THEY USED TO BE $10 EACH AND NOW THEY'RE NOT $10 EACH ANYMORE.

GREEDY PEOPLE JACKIN' UP THEIR PRICES WHEN I NEED $10 BITCOINS!

Cheesy

^^

os2sam

legendary

Activity: 3578

Merit: 1091

Think for yourself

Supply and demand.

What else is there to say?

Topic: Where does Newegg get their balls big enough to double the prices? (Read 4257 times)