Yomo_Kimyata
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Posts
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Joined
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Quote:Intelligent posts like this are forcing me to write my treatise more quickly. "Last 5" quotes may or may not have any relation with where the existing bids and offers are in the system. You can only use "Last 5" as a guideline and try to determine if it is accurate and represents supply and demand or if it is a case of painting the tape.Originally Posted by Arcanaville
I should point out that the phrase "currently selling for 120" disguises a truth about the markets that experienced players (or at least experienced marketeers) know, but neophytes m ight not fully understand. Nothing is every really "currently selling." We only know what it was sold at in the past. That only tells us what the last bidder bought at.
Suppose, in the situation above, someone comes in and bids a million for a bunch of those items. The last known sells will show five sells for a million. Technically, that means it was "selling" for a million, but that actually says nothing about what the lowest price for the item was. It could have been 120. This is sometimes even used as a market trick in combination with aggressive flipping. Buy five for more than it costs and then put a bunch up for sale. Sometimes you can get people to start bidding the higher price just out of habit and make all the influence back and then some.
At any moment in time when a sale isn't literally being executed at that instant, there's always going to be bids to buy starting at some low number and increasing to some maximum value, and a bunch of offers to sell that start at some low value and get increasingly high. There has to be a gap between the highest bid and the lowest ask (sometimes referred to by its stock market terminology called "the spread").
I say all of that to say this: when we colloquially talk about what an item is "selling for" we usually assume the spread is narrow, and we can approximate the truth. The truth is that if you want to buy right now, you have to pay at least the minimum ask. If you want to sell now, you have to ask for no more than the maximum bid. Those numbers are different. Sometimes very different: it can happen with many items that the spread gets very wide. A piece of salvage can sell now for no more than 500 inf, but to buy it right now could cost at least 10,000 inf, making it hazy to say what it is currently "selling for."
If you ever see an item trading history show 100, 10000, 100, 10000... that's probably what's going on: impatient seller followed by impatient buyer followed by impatient seller for an item with a big spread. -
Quote:Exactly lvl 30? I can generate some at 25 or 35 right now, but it'll cost you...Originally Posted by Santorican
Why does it take sofa king long to fill bids way higher than the last five at less than L35!?!??!?! On a more serious note I've had bids for four sets of L30 Touch of death since the middle of December, this is just ridiculous! I say merge the markets! O wait....
WTB L30 touch of death sets
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Quote:I'm working on a treatise that states (among other things) the greatest inflationary force on the market is that generally buyers pay significantly more than sellers are asking due to the asymmetry of information.Originally Posted by Adeon Hawkwood
Or in other words, impatience is the strongest inflationary force on the market.
I may be wrong, but at least I don't look like I know something.
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Quote:Looks are deceiving -- he knows nothing!Originally Posted by Quasadu
I bet this guy does...
OP, peter is right. As far as I know, the system never takes the time of placing the order into account, only the price. -
I'll bid 500,000,000 inf for either one of them. And I will listen to counteroffers.
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Quote:It lasted for about two hours (maybe longer, I logged off after 2 hours), and I just assume it was a temporary bug.Originally Posted by peterpeter
I agree, that seems weird. Even if one person is buying and selling at the same time, I would expect they would buy from you when you listed at 1.
I tried buying one of those and listing it for 1, and it sold instantly for 5 inf. So right now I can't seem to reproduce what you're seeing.
I noticed it mainly because I am working on a project where I level a character and offer any item that has an outstanding bid at 1 inf. Needless to say, I was nonplussed at this outcome! -
Quote:That happens all the time on the selling side (it says listed for xx,xxx inf (0 each) for example) but so long as the processing fee shows up in the Consignment House window, it is considered in the system. I've never seen or heard of this happening on the buying side.Originally Posted by Fulmens
The possibility that occurs to me is that sometimes items fail to show up[ I don't remember if this happens on the "selling" or "Buying" side] - it'll list with a total price of zero and never process.
That sound like what's happening?
I suspect that either A. someone managed to post a bid for less than 1 inf (which is unlikely, but could bug its way there), B. those bids are all from a person or persons who are also selling the same items for the same price, or C. something else entirely.
I bugged it, but it is such a minor thing I noted it more as a curiosity than anything else. It appears to be a flaw in how the consignment house is supposed to work, but it ain't game changing, that's for sure. -
I agree with you that there probably a bunch listed at 1, but why wouldn't the 36 bids fill from randomly selected offers? There should never be overlapping or matching bids and offers except in brief periods of lag across the interface.
The only thing I can think is that the 36 bids are all from the same character that is also offering polycarbon at 1 (locking the market). I've noticed some strange market behavior when a single character is buying and selling the same item, especially when it is at the same price. But if this is so, why shouldn't the system process my sale to that character's bid?
I don't care about vendoring it, since this is an experiment on selling drops on the market. -
I've been working on a project, and I've encountered something unusual.
I have a lowbie character offering a rare piece of salvage (Polycarbon) on the marketplace at 1 (the intention was to insta-sell everything). there are 2887 for sale and 36 bidding. I do not have any other characters with any bids or offers on this item.
Why isn't my sale processing? There are bids for 36 Polycarbon, that by definition must be 1 or greater. this is not a lag issue, as other trades are processing. -
Quote:Out of curiosity, would you mind posting the terms of your trade? It helps set relative values, at least in my head.Originally Posted by Radion_Prime
trade completed 1-7-11 at 3:32 pm cst.
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For common IOs, I usually start slotting at lvl 12 (lvl 15 IOs until 22, then SOs until 32, then whatever IOs I pick up from there).
For sets, it depends on how fast you level. I generally don't "plan" a build unless I have frozen a character at a level or unless I'm 50'd. Frankenslotting usually works pretty well at any level, but I wouldn't do it until you are in your mid-20s because you're not getting a huge increase in performance, and levelling from 15-30 is extremely fast in my experience. -
Quote:Just don't say it five times while looking in a mirror.Originally Posted by Emberly
I don't wanna buy your IO, but I wanted you to know that repeating your name to myself out loud has kept a smile on my face for the past little while. Zubenelgenubi, Zubenelgenubi, Zubenelgenubi... it just rolls off the tongue so nicely.
Also, feeding him after midnight is not advised. -
Quote:How about "Putting lipstick on a pig" or just "Lipsticking"?Originally Posted by Fulmens
Still stuck on the original. 10% ers ?
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Haha, good work! I saw you working on that before the holidays. Enjoy those rocket boots!
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Quote:I, for one, welcome our gastropod overlords!Originally Posted by MajorDecoy
I suspect we'll see the first hints in August of 3130 when the gastropods rule.
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Sounds like someone set the new market price! From here on out, any one else will be underspending!
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"Step 3: Profit!"
I'm hoping to find a name for the opposite phenomenon, when people spend millions for a recipe and salvage and crafting fees, offer it at 1 inf, and sell it for a multi-million inf loss. -
The twelve and twelve refer to the level of the IO, not the specific type of IO. You need to craft twelve lvl 50 (End Mod OR End Red) and twelve lvl 45 (End Mod OR End Red), not twelve End Mod and twelve End Red.
Hope that clears things up! -
Quote:Thanks for doing this. It was an interesting experiment and you were definitely rigorous (I'd love to see a breakdown of all trades, but I wouldn't ask the most anal retentive person in the world to do that!). Well done.Originally Posted by Quasadu
As some of you have, for the past six or seven months, I have been buying Candy Cane salvage off the market in large quantities.
Conclusion
There wasn't really any greater goal to this project than "make tons of easy money" and that certainly happened. But I wanted to share with you folks since I feel like it turned into an interesting experiment in the market and I learned some things I didn't expect.
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I have a fire/sonic at 50 and an earth/sonic parked at 40. Both are primarily solo artists.
The fire/sonic is a lot of fun to play, but I wonder how much of that is due to fire rather than sonic. Like an earlier poster, I rarely bother to shield up my imps anymore. Sonic as a secondary is very set and forget, and there are a couple of powers that very few people will bother taking (Sonic Cage, Sonic Repulsion).
My earth/sonic is not nearly as much fun. I orginally liked the idea of having an essentially invulnerable pet, but the low damage of the earth set overall makes solo missions kind of a grind. -
Quote:I run +1/8 on my ice/fire tank and my WM/WP brute with little or no problems. It's easier on my tank since you can AFK for as long as you want.Originally Posted by Fusion_7
If someone is running a +8 not using a MM, I'd be curious to know what Alt they have and how they do it.
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I'm not a big fan of the for-sale threads either, but the way I see it we're not that long from prices on them dropping under the cap and then people can just shop on the marketplace again.
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Quote:These two points explain why mid-level frankenslotting takes so long.Originally Posted by Sailboat
This is...taking a while. Mostly for two reasons:
- Set IOs in denominations lower than 50 don't seem to be marketed very often.
- I do not habitually pay the "buy it nao" price.
On the supply side, there tend not to be as many recipes/IOs available at mid-levels versus max-levels. This is of course because rolling random ticket rolls/merit rolls/purple rolls gives you a recipe that is the minimum of the recipe level cap and your character level. If you want a lvl 25 Impervium Armor recipe, it needs to come from a lvl 25 character rolling, or from a lvl 25 mob defeat.
Also, there are few if any outstanding bids for mid-level recipes/IOs, so potential sellers are put off by the amount of time it would take to sell their goods (no real SELL IT NAO opportunities).
And then when you only get bargain shoppers looking to lowball any offers, it is really no surprise that the supply side dries up. the way I see it, lower supply means I should ask for HIGHER prices on the ones I sell. It's not a store -- for someone to be willing to post something for sale, it needs to be worth his or her time.
I have a bunch of characters parked at various levels (mostly multiples of 5) that do nothing but supply mid-level IOs (mostly through bronze ticket rolls and alignment merit rolls) to the marketplace. But I charge out the nose for them. I don't make a ton of sales, and my profit margin would be much higher if I were working max levels instead, but I figure I'm helping out frankenslotters. I'm just not going to do it on the cheap.
If I were you, don't worry so much about the specific levels of the sets you want. Fill them where you can, but put in bids for the levels you want which will probably fill eventually. I tend to put in bids for things like sets of lvl 37 Positron's blast in sets of 3-5 and log in 3 months later to see my bids filled. -
Quote:There is no way that you could possibly take the #1 SG spot on Virtue. Impossible. The Crazy 88s were the only collection of gamers who could have possibly done what they did, and no one else will ever match up to their greatness.Originally Posted by MeanNVicious
In other words no real answer, or the general answer of "no one would care". Again the very first time I mentioned this was simply wondering at the "wow" factor of it all.
I was willing to take up a challenge but there isnt really one being offered as a whole.
Again bringing me to my malaise over whether the venture is worth doing.
I have nothing to prove. I don't have a need to prove. I was more looking for the fun of the venture. You folks arent making the idea terribly fun at all, lol.
I double dog dare you to try to do it, and if somehow you manage to find some sort of exploit that would allow you to actually take the top spot, I will gnash my teeth and rend my clothing in anguish.
The real beauty of it is that if you don't do it, most people will just think you are all hat and no cattle... Any blowhard can make empty boasts...
c'mon...
do eeeet! -
Quote:Q: How many hipsters does it take to change a lightbulb?Originally Posted by Talen Lee
It's not necessarily because he's afraid to burn his money.
It could just be because he wants to look impressive and scary and cash in on the success of the 88s without having to expend things like effort.
It's basically the marketeer equivalence of hipsters talking about how they were into things before they got all popular.
A: Oh, it's a really esoteric number, you probably haven't heard of it.
