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Posts
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Quote:You are still failing to understand the 3 price points of goods. Floor, ceiling and actual value.Well there has to be some inf being made or flippers wouldn't do it would they?
It hurts because everytime the flipper wins the capital (the IO) is being delayed on being deployed and it's price increases.
The floor is not the actual value and you are not entitled to it.
Think of it like this : Buy More normally sells new shiny tv for 799$, but black friday is tomorrow. Buy More puts new shiny tv on sale for 499$. For a limited time you can get the 800$ item for 500$. 500 is the floor while 800 is the ceiling. Once the new tv is not so new any more, the price normalizes to 600$ - the long term value of the TV.
What you are arguing is that new shiny tv should always be on sale at 500$. -
Quote:If the flipper had not got involved the prices would of gone even lower. Taking the flipper out saves me a few mil.
No it doesnt. Why ? Because the cost of the IO itself is close to 2 million or as high as 3 million when rare salvage is not dipped in price.
In order to sell at a profit it needs to sell above the cost to make it. Some people do not sell above the cost to make it - they are selling too low.
When a flipper raises the floor price it makes the IO more attractive to sellers who would simply delete or vendor the recipes instead of crafting them.
Without flippers, the low prices would drive sellers away and you would have to wait longer and longer for IOs.
As people have said, as I have said, if you don't want to pay normal prices for IOs then you need to compete with flippers and bid slightly more on the low end. This is how market pvp works.
The market is not a store with set prices, get over it. Good luck trying to convince wholesalers to sell to you instead of Wal-Mart when you insist on paying less than WM does. -
Argued Point : Flippers raise prices.
Truth: All items sold on the market have 3 price points : floor, ceiling, and normal values.
When someone argues that flippers raise prices, what they usually refer to is : flippers raise the floor. This is true.
When someone argues that flippers raise prices, what they usually mean is: ' I feel entitled to low prices' .
Why this point is argument fail: When a flipper buys low and sells higher, they sell below the ceiling price. In this way, flippers lower the price range between the floor and the ceiling.
An example : Performance Shifter end/acc sells at 10-15 million. Flipper comes in and buys up a bunch of them at 2 million. Flipper lists the IOs at 5.5 million and most of the stock sells at 6 -7 million over the next 2 days.
This argument says : The flipper ripped off people by stealing all the 2 million or lower costed IOs and is being so corrupt as to charge 5.5 million for them! GASP!!!
How this argument is fail : The flipper has normalized the cost on the high end of the price range and brought it down to 6-7 million instead of 10 -15 million. People selling below the 4-8 million range are selling too low, while people selling above it are selling too high. The actual value of the IO is between 4-8 million as shown from long term supply and demand, but the people who use this argument fail to recognize this actual value and instead assume they are entitled to the 2 million or lower price. -
The guardian 88s is in 31st rank atm with 51m prestige.
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Ya this seems heavily similar to Deja Vu in it's setup and apparent execution. Granted I liked Deja Vu, so I'll probably like this too even if it is predictable.
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Way back when in like season two - a room full of fulcrum agents were killed by viewing the intersect while Chuck had to cover Casey and Sarah's eyes iirc .
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Yes. The normal price amounts are determined over time by supply and demand. Lazy people throw the equations off, while flippers restore values to normal levels.
You want to charge people an insane 70 million for regen tissues. I'm only charging 45 million. The floor on those ? 37 million. Why ? Because thats the floor I've set so long as I keep my bids there. Other people are bidding at 35 and 36 million. If they want to out bid me that will bring the price closer to the middle value of 40-45 million. This means the value of that IO has been shown to be 40-45m. -
you put them up at 70 million that is why you fail. I've been flipping them for the last week and a half from 37m to 45m. Yours will never sell if I do not leave the niche. That is why you must pvp with me to earn the sales. You want to sell your stock ? List it lower than I do.
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Quote:Like I said : normal range is 4-7m going rate is 10-15m. I buy at 1-2m and relist at 4.5m. Someone smart comes along and sees the last 5 in the 10-15 million range, but instead of just forking over 10-15m that person tries to bid creep. First that try a lowball 2 million, I bought all of the 2 million ones so there are none of those left. Next he ups his bid to 3 million. Still no dice. So he ups to 5 million and ding! He buys my IO for 5 million.Why would it?
If there a low prices, medium prices and high prices how does turning the low prices into medium prices cause the high prices to fall? Please point out the economic principle that supports that.
You cause and effect has absolutely no link. You add 3-4 million to the lowest priced IOs and say it lowers the highest price?! All you have done is raise the average price.
This saves the buyer 5-10 million compared to the last 5 sales.
This only works when buyers are not lazy and sellers are not lazy. Flippers are not lazy and thus we cause the market prices to go from 1m-15m to the normal range of 4m-7m.
Yes the low end comes up, because it TOO LOW. The high end comes down when people get smart and try bidding lower than going rates.
Flippers can't lower prices on their own, buyers have to participate in the market pvp as well. If I listed my IO at 4.5m and someone pays me 10 million for it - that isn't my fault. -
Your argument boils down to 'wa wa wa I cant buy everything at 1 inf' .
You completely fail to understand how things work. If the normal price range of something is 4 -7 million but you have a pile of people listing for 10-15 million and a pile of people listing at 1 inf what is likely to happen ? Flippers will notice this niche and come in to place bids in the 100 inf - 2m range. Next they will sell at the 3-6m price marks. Within a weeks time the IO that used to go for 10 -15 million has dropped in price down to its normal value of 4-7m.
The discount prices below 4 million are lazy people selling too low and should not happen if people were selling at proper value. The flippers are profiting off of lazy people, and guess what you can too! Simply find out what price the flippers are buying at and bid higher.
What will happen if people like you stopped just whining and played market pvp like they are supposed to ? The floor on that IO would get closer and closer to 4 million, until it hits around 3.3 - 3.6m and stops being profitable enough for flippers to bother with. At that point the value of the floor drops again until flippers come back.
The price floor is NOT THE VALUE OF THE IO. The price ceiling IS NOT THE VALUE OF THE IO. The value of the IO is somewhere in the middle. That is the price that market go'ers have settled on. Anything below that price is a discount that you are not remotely entitled to.
How do I know this is true ? In the past week I've dropped prices on positron's blast,doctored wounds and regenerative tissue uniques.
Flippers would not exist if people were not lazy. If people were not lazy, all items would be priced within 5%-15% of the proper price for the given item. If buyers were not lazy and did not over pay, prices would not rise very fast, if at all.
Because of lazy sellers and lazy buyers, flippers are needed to stabilize the prices to their actual values. -
Quote:flipping and manipulating/cornering are not the same thing. Flipping works within the bounds of normal sale prices. Lets say common salvage X sells between 1k and 50k normally. A flipper will come along and buy at 100inf then relist it in the 1k-50k range, keeping supply available in the normal price range. The person that sold to the flipper is not helping supply because the salvage disappears before normal range bidders get a chance at it. Flippers ensure that items move at a higher floor, they raise the low bar to a respectable level that encourages stable supply.How does Flippers helps sell stuff faster? They raise the price and that makes things sell better? Interesting economics that. I mean they buy it cheap then relist at a higher price and that makes the economy work better? Please show me how that benefits anyone (except the flipper)? It reduces supply because capital is more expensive (thus making it harder to acquire). How does making capital harder to acquire make the economy work better, this I really got to see.
That fact is if everyone flipped (rent seeking) instead of farmed the market would collapse . That is undeniable. Flipping means manipulating the market is more profitable then expanding the market. Flipping only works because other people farm to provide the supply. Flippers stand in the way between buyers and sellers because they are not needed. It's funny how they say "we don't increase the prices!" yet will have threads where they gloat about the billions they make from doing that very thing (just for the record I am not poor in CoH). It's almost Goldman Sachs like in it's audacity.
Even wondered how Goldman Sachs makes so much money every when the US economy is tanking? There primary sources of revenue are rent seeking.
If we had open sale prices (and buying prices too for those who asked) it would give everyone better market knowledge. The more secretive a market is the more potential there is for abuse (see the derivatives market). It's funny a lot of the excuses I see from people here are the same excuses Goldman Sachs uses too justify it's profits (oh we are stabilizing the price, we are helping allocate capital more effectively).
They ring just as hollow here.
If no flippers existed then there would never be any salvage available. Why ? Because if everyone listed at 1inf the salvages would sell instantly and then you would always have to wait in line to get salvage. The flippers prevent things from being unavailable due to dumb people listing too low.
People like you are completely ridiculous. One : the market is not a store, two : the market is pvp. You cannot moan and groan about not getting everything for 1 inf. You cannot reasonably prove that flippers cause a rise in price while supply is completely bonkers due to AE issues.
You want a real world example here: Wal-mart. They buy at wholesale and resell things at a higher price to customers. Those 'higher prices' happen to be lower than most competitors prices. Wal-mart flips goods. The real life issue is that other people can't compete with Wal-mart because they can't get goods at low prices as easily.
In CoH, however, you can compete with joe Wal-Marty and take his low priced goods for slightly higher than he is paying. Joe bids 100 you bid 101. This is the simple math that shows how you fail at CoH markets. -
you have it figured out : the settings take effect as long as you have the selected amount of people or fewer on your team.
If you have more players on the team then missions should spawn according to team size.
The fight bosses/AVs bit only works solo, as they state. -
you can check your tohit rolls in combat logs. Do some testing then copy/paste the text here if you cant get a screenie uploaded.
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I petitioned the GMs and got all the info back, so everything is good.
At the one week mark I took in 2.7b and currently have ~4.33b. I've almost doubled the investments in the first week. I don't know if I'll keep that pace or not, but it is certainly possible! -
With the email rollback, I lost the list of people you sent me influence. I have a shorthand list I made but I didn't write down exact global names.
If you sent me influence ( that is fine I didn't lose that ) then send me an in game email so I can get your global ( or post here). -
Alright I'm no longer accepting investments for this 2 week period. I'll be accepting investments again on Monday November 29th, and at that point the profit percentage I'll take will increase to 25% instead of this period's 10% due to the time consuming nature of the task.
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No flippers buy low and sell at normal prices.
Manipulators buy low and list higher than normal prices.
Listing at 1 or some low value like that will immediately sell to the highest bidder - that IS correct. The part you are missing is that at any given time the highest bidder is very likely to be a lowballer with outstanding bids much lower than the last 5.
If someone instead listed at 600-700k (any value will do as long as it's above the lowball bids and below the going rate) then people could bid creep up to 600k and get the salvage for much less than 1.2-2m.
This won't happen because people are lazy and don't bid creep. That's what happens when the majority of players have play money that prints itself. -
The effect you have is 'negative' in the sense that, if you instead listed rare salvage for say 300k or 800k ( something above usual lowball bids but below normal sale points ), you would benefit casual players that have the patience to bid creep (also flippers that operate in that price range, but you can try listing above it).
By listing at such a low price you are tossing away supply to the immediate buyers that are lowballing things at prices that are way too low usually. They will turn around and flip it up to normal prices. If you priced between those two points - then people could buy at lower than going rates and above flipper prices. This would have a normalizing effect on price over time, if enough people participated in that niche.
The people that chuck stuff up that cheap are the ones that create wild variation in price points. If everyone listed at more reasonable prices, we'd all be paying less for salvages.
In the long run though, no you aren't hurting the market because one person can't overcome the tide of others that will mess up pricing by listing too low. -
Charice ( Sunshine Corazon ) is due to come back as the season reaches regionals to be competition for new directions.
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No. For example someone invests 45m and currently the character I put it on has 150m. 150-45 = 105. 10% of 105m is 10.5 m. The other 90% profit goes back to the investor.
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got about a 22% ROI so far on a 1.445b total investment.
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" Have I been shot? I most certainly have!" *plummet to death...