game economy

[Anaiyah]

Originally Posted by azeth [You must be logged in to view images. Log in or Register.]

I'm frustrated that I know for a fact FBSS is worth 10-12k, however I must sell it for 16k+ as I am a capitalist. We are all aware that; there is a heady abundance of them on p1999, they are perma camped 24/7, and their precedent value is worth no more than 12k.

So, what do I do? Sell it for what I know it's worth (11ish) and take the loss upon myself? My intent would be to start a trend to adjust the inflated price, but one single FBSS sold under current value does not accomplish this.

Shitty situation, I'm not looking to rip anybody off, but I have to..

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[guineapig]

I think what people are trying to say is that the prices (for the FBSS for example) are artificially inflated. In other words the FBSS is as common as some other items that are selling for half as much.

Think of it like diamonds. Diamonds are not nearly as rare as the diamond industry would like us to believe. It just so happens that they control the flow of said diamonds into the market and keep the prices higher than they really should be.

Yes people are willing to pay that much for an FBSS, but if they knew how many were floating around on the server currently (especially the ones not in use) then they would probably start demanding a cheaper price.

[Anaiyah]

Originally Posted by guineapig [You must be logged in to view images. Log in or Register.]

I think what people are trying to say is that the prices (for the FBSS for example) are artificially inflated. In other words the FBSS is as common as some other items that are selling for half as much.

Think of it like diamonds. Diamonds are not nearly as rare as the diamond industry would like us to believe. It just so happens that they control the flow of said diamonds into the market and keep the prices higher than they really should be.

Yes people are willing to pay that much for an FBSS, but if they knew how many were floating around on the server currently (especially the ones not in use) then they would probably start demanding a cheaper price.

Again, artificial inflation is not a real entity. What objective scale are you using to say that an FBSS is COMPLETELY equal to another item selling for half as much? If your sole basis is simply that it drops as commonly, that is ignoring almost every aspect of what makes an item valuable in this game.

[guineapig]

Originally Posted by Dominick [You must be logged in to view images. Log in or Register.]

The price of an item, and its worth, is decided by how much someone is willing to pay, period.

I do agree with this by the way, just trying to give the opposing perspective on why people are currently willing to pay what they are.

[Pheer]

Do you guys really think theres just shitloads of unused FBSSes being sat on by some kind of illuminati of level 50s that are controlling the market? When theres people who have said theyve camped frenzy for 50 hours straight with no fbss drop?

When I tried to sell mine there was plenty of people trying to buy it from me for 10k or less because their friend told them "theyre worth less because sky is out" As if every 50 on the server would have instantly gotten a sky belt.

[Molitoth]

Last week when I was trying to buy an FBSS, there was one being auctioned for 17k. This was the only one I saw sitting in EC tunnel for 2 days.

Eventually I bought it.

Last night while trying to sell my FBSS.... there was 3 others for sale at the exact same time. Thus I had to lower my price to 14k because I did not have the patience to hold out. (I needed cash because I was broke)


It's really quite simple how this works.

The more of them to hit the market, the cheaper they get.

You could wait again until next week, and the price could jump back up to 17k... it all just depends on how many are available at the time.

[Humerox]

There's one very important factor people are forgetting.

Resellers.

There are quite a number of resellers in EC, and they essentially control the market. They have the cash to scoop up hi-end items and hold them. There are a lot of ways to play the market, especially with a limited supply of higher valued items, and a few players with a large amount of of plat.

That's not going to change anytime soon...especially with more and more players reaching 50 and twinking out. That generally is one of the largest driving factors for big price increases in particular items...that can be seen just in this thread, it's not rocket science.

The people that lose are the poor souls that are just finding the server. It was the same way on live, people just don't seem to remember. Hell, I remember player trader guilds that would corner the market on whatever they wanted to. The only thing that can be done to alleviate some of this particular problem is to increase drop rate significantly...but that raises just as much of a problem for the server as this does.

On the other hand, when Kunark comes out, it will be much more difficult to corner and control the market. Not impossible, just a lot more difficult.

[Enderenter]

Originally Posted by Humerox [You must be logged in to view images. Log in or Register.]

There's one very important factor people are forgetting.

Resellers.

There are quite a number of resellers in EC, and they essentially control the market. They have the cash to scoop up hi-end items and hold them. There are a lot of ways to play the market, especially with a limited supply of higher valued items, and a few players with a large amount of of plat.

That's not going to change anytime soon...especially with more and more players reaching 50 and twinking out. That generally is one of the largest driving factors for big price increases in particular items...that can be seen just in this thread, it's not rocket science.

The people that lose are the poor souls that are just finding the server. It was the same way on live, people just don't seem to remember. Hell, I remember player trader guilds that would corner the market on whatever they wanted to. The only thing that can be done to alleviate some of this particular problem is to increase drop rate significantly...but that raises just as much of a problem for the server as this does.

On the other hand, when Kunark comes out, it will be much more difficult to corner and control the market. Not impossible, just a lot more difficult.

I've never had a problem, either here or on live, buying an item for the price I am willing to pay, nor have I had a problem selling it for at least that amount. I think ultimately if you are willing to take your time in finding the price you want to pay (and aren't a lowballer) you will find it. And it really doesn't take that long.

[Nansmanden]

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[zianlo1]

I dunno bout you guys, but I haggle with people =P Someone shouting 1p per ac on banded Im like hey, will you take 6g per instead? Usually gets me what I want, and cheaper than the asking price....I got chest, legs and cloak of banded for 25p...which is like 7g per ac, instead of the 1p the person was asking for. saved myself 5p there, go me! =P

Haggling ftw, EC is just a virtual flea market, work it like that and you wont pay much more than you want to.