Originally Posted by
CalFlyer
well, I think that even the most ignorant bulk buyer of miles must have heard about devaluations. i don't think all these buyers are stupid.
These buyers don't buy them for themselves, but as incentives for others. And if the incentive still works... If anything, people are willing to pay more these days than less. I remember when 4€/1000 miles (magazine subscription) was a good deal. Now it's more like 9€/1000 miles that gets people excited.
HTB.