New feature idea - Arsenal players stock exchange
So I've been toying around with this idea for some time now, which is a virtual stock exchange where you invest actual money into Arsenal players. The mechanics are just the same as a real stock exchange, only difference being company == player.
Just wanted to start a discussion about it and see what you guys think.
One issue I have is that although technically it's not really that difficult to build, it all depends on volume of trade for it to work...so there must be some form of incentive for many people to use it, above the potential money-making aspect of course.
Another issue is long-term incentive, as in: why should you invest £40 in ten Ozil shares today when this virtual stock exchange actually doesn't give you any form of physical ownership of any kind? I mean the concept is that you could perhaps sell your ten shares for £50 in a few months...it's the same incentive as a real stock exchange - profit - but why should you trust that you can actually sell them at a later stage? I guess this is where volume of trade comes in again.
Anyway, thoughts? Questions? Call me a moron? Tell me I'm pretty? Poke holes in my idea? Suggestions?
How would you determine the stock (player) value? I mean what are the factors involved to compute this???
Posts
This badge was awarded for creating 20 posts
Comments
This badge was awarded for posting 500 comments
Polls
This badge was awarded for creating 5 polls
Membership
This badge was awarded for being member since July 2016
Just like a normal stock exchange, the cost of a share is whatever the seller can offload it for. Let's say Ozil is generally trading at £4 per share. He then scores a hat-trick, so you decide to sell one of your Ozil shares for £5 on the market. If someone buys it at £5, that's now the current trading cost of that share.
On the exchange overview, the current trading value per share is often an average of last X sold, to even out any outliers. But this share value is only really a guideline, you can sell your shares at any cost you want.
It doesn't really work well in small volume, which is why this idea would need 100s of traders to function properly. If there's only ten, the frequency of trading would be so low that share values would never be accurate enough to make sense. The more traders we have, the more accuracy we get in share value.
Posts
This badge was awarded for creating 200 posts
Comments
This badge was awarded for posting 1,000 comments
Polls
This badge was awarded for creating 10 polls
Membership
This badge was awarded for being member since December 2014
Bergkamp Award
This badge was awarded for being awesome
Admin
This badge was awarded for being an evil genius and coding this whole thing
Original Member
This badge was awarded for registering on Dial Square before 1 Jan 2015
I like the concept but...
What is the value of purchasing the shares in players. How would we get a payoff. If I bought a % of Ozil I would expect some kind of dividend to hold. Otherwise it has no value to keep and thus to buy in the first place.
Maybe you could use a bitcoin/blockchain type setup to create unique "player cards" that have some kind of collectable value?
Comments
This badge was awarded for posting 50 comments
Membership
This badge was awarded for being member since April 2015
Every share is unique, I'm thinking every player only has a finite amount of shares (100? 1000?). That way we get the same mechanics as a stock exchange.
Posts
This badge was awarded for creating 200 posts
Comments
This badge was awarded for posting 1,000 comments
Polls
This badge was awarded for creating 10 polls
Membership
This badge was awarded for being member since December 2014
Bergkamp Award
This badge was awarded for being awesome
Admin
This badge was awarded for being an evil genius and coding this whole thing
Original Member
This badge was awarded for registering on Dial Square before 1 Jan 2015
Its like Celebdaq all over again (one for the kids there...)
Comments
This badge was awarded for posting 20 comments
Polls
This badge was awarded for creating a poll
Membership
This badge was awarded for being member since August 2016
Exactly!
Posts
This badge was awarded for creating 200 posts
Comments
This badge was awarded for posting 1,000 comments
Polls
This badge was awarded for creating 10 polls
Membership
This badge was awarded for being member since December 2014
Bergkamp Award
This badge was awarded for being awesome
Admin
This badge was awarded for being an evil genius and coding this whole thing
Original Member
This badge was awarded for registering on Dial Square before 1 Jan 2015
Stick it all on number 14.
Posts
This badge was awarded for creating 20 posts
Comments
This badge was awarded for posting 200 comments
Polls
This badge was awarded for creating a poll
Membership
This badge was awarded for being member since January 2015
Bergkamp Award
This badge was awarded for being awesome
Stick it all on number 14.
Posts
This badge was awarded for creating 20 posts
Comments
This badge was awarded for posting 200 comments
Polls
This badge was awarded for creating a poll
Membership
This badge was awarded for being member since January 2015
Bergkamp Award
This badge was awarded for being awesome
Sounds very complicated and you need a certain amount of people interested in commiting to the gambling
Posts
This badge was awarded for creating 50 posts
Comments
This badge was awarded for posting 200 comments
Polls
This badge was awarded for creating 40 polls
Membership
This badge was awarded for being member since January 2017
I'd rather use Bet 365 instead of this
Posts
This badge was awarded for creating 50 posts
Comments
This badge was awarded for posting 200 comments
Polls
This badge was awarded for creating 40 polls
Membership
This badge was awarded for being member since January 2017
No offense
Posts
This badge was awarded for creating 50 posts
Comments
This badge was awarded for posting 200 comments
Polls
This badge was awarded for creating 40 polls
Membership
This badge was awarded for being member since January 2017
You are not logged in!
Join Arsenal Report today to improve your experience using the site with thread subscriptions + custom profile with cover image and favourite XI + the ability to post comments, polls and AMA questions.