New "Market Myths" Guide?
By
Abigail Frost,
Posted on: 2009-05-29 10:45 in The Market and Inventions
I picked up a 100K bid left open for a level 15 tohitdebuff IO on my latest (soon to be) field crafter.
The other one didn't shift when listed at 10 for a few hours, so I pulled it a deleted it. That slot could have been turning over a acc/dam/endrec/endmod/rech/heal IO for profit, its just not worth havign it blocked.
As a genuine heads up to those interested:
Later this week, (not tonight but say starting Tuesday at 5ish Eastern) I do have to grab the level 10 IO crafting badges on that character. If there are outstanding bids on the level 10s I'll list them at 10 inf, if not I'll just delete them
I'll be making:
Acc x10
Dam x10
Rech x10
Heal x7
Endrec x9
Run x10
Damres x7
I'm not sure about the mez it will either be stun or immob (x8), I'll see what the salvage is going for at that time.
Place your bids ladies and gentlemen, 10 inf is what I'll be asking.
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This is blueside
@Catwhoorg "Rule of Three - Finale" Arc# 1984
@Mr Falkland Islands"A Nation Goes Rogue" Arc# 2369 "Toasters and Pop Tarts" Arc#116617
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Place your bids ladies and gentlemen, 10 inf is what I'll be asking.
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Blue or red?
Stillhart-
I am truly sorry your project got so badly derailed. As something of regular spectator of forum train wrecks, I could see that the bridge was out before the locomotive left the station on this one. Nor was I the only one to warn Casey Jones that there was a stopped freight train on the line.
However, if youre still interested in getting safely to Canton, you could always write the guide you had in mind and ask the individuals you think could have some positive input directly. Given his/her/its somewhat frequent and lengthy posts in this section of the forums, I suspect that a certain spectral barnyard animal may be willing to help you out, same with a particular lighting bolt, maybe the nice fellow, or the Georgia feline. Whomever. Going about it that way, you can write the guide you want with some of the input you want without leaving the door open for all and sundry to wander in and hose it down by engaging in a bodily function before it even gets off the ground.
Now let me lay a few torpedoes on the tracks: Even if you use that saw by, any posted guide of Myth/Facts about the market, no matter how well written and non-confrontational, will still draw in those who will disagree with it. And some of them will be quite vigorous in their disagreement. See several pages in this thread, for example.
Anyway, offering condolences and a hopefully constructive suggestion before the inevitable caboose catches up to this thread. 
P.S. No, dont ask me to help if you decide to follow my suggestion. Im not an expert and I dont have the time.
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I've been told that sometimes my lucidity is frightening.
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Your logic is no match for concentrated stupid. - Organica
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Current MAs:
Stop the catgirl rampage! #66361
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Place your bids ladies and gentlemen, 10 inf is what I'll be asking.
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Blue or red?
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Blue, sorry should have said that.
@Catwhoorg "Rule of Three - Finale" Arc# 1984
@Mr Falkland Islands"A Nation Goes Rogue" Arc# 2369 "Toasters and Pop Tarts" Arc#116617
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Place your bids ladies and gentlemen, 10 inf is what I'll be asking.
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Blue or red?
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Blue, sorry should have said that.
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Proof that Catwhoorg is a dev who hates villains.
total kick to the gut
This is like having Ra's Al Ghul show up at your birthday party.
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You have to casually PvP and defeat an already casually purpled warshade and win. Casually of course.
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In order to BE the squid, you have to BEAT the squid.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
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Seems lots of people have been doing that.
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I hate to feed a troll, but I'd like a little bit of clarification on this. A lot of people have been doing what? Leaving the MMO genre in general, or CoX in particular?
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And I really hate to reply to someone who starts a question with an insult.
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No you don't or you wouldn't keep doing it.
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
No doubt he meant to say "someone ELSE".
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
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Seems lots of people have been doing that.
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I hate to feed a troll, but I'd like a little bit of clarification on this. A lot of people have been doing what? Leaving the MMO genre in general, or CoX in particular?
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And I really hate to reply to someone who starts a question with an insult.
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No you don't or you wouldn't keep doing it.
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I rarely do Milady's but I am more than able to finish what other people chose to start. Sorry if you are taking umbrage at the description of your response as browbeating.
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Seems lots of people have been doing that.
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I hate to feed a troll, but I'd like a little bit of clarification on this. A lot of people have been doing what? Leaving the MMO genre in general, or CoX in particular?
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And I really hate to reply to someone who starts a question with an insult.
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No you don't or you wouldn't keep doing it.
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I rarely do Milady's but I am more than able to finish what other people chose to start. Sorry if you are taking umbrage at the description of your response as browbeating.
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Calling what I do here brow beating is like calling Charlize Theron "grossly obese". It's a non-sequitor and I take it as such.
The only way someone gets brow beaten by me is if, when I am working on my landscaping with timbers, hammer, and spikes, they stick their brow between the spike I am currently using the hammer on.
I typically assume that most people are simply lacking in knowledge, or are having difficulty going from point A to B, or that they are missing a key piece of information and try to assist them until they prove otherwise.
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
<QR> I was just in WW and a thought struck me that I don't think I've seen mentioned in this particular thread. It has been postulated that marketeers are the cause of the majority of high prices on the market. This, in my view, is highly erroneous. I find myself curious, as a marketeer, as to the number of my fellows who have their particular niches in which they earn the majority of their inf, and the rest is just fluff in the pillowcase.
Personally, I have a few items that I flip and will take the time to craft the more profitable of my drops, but the rest (and the great majority) is simply listed low without consideration of current going rates. I know that the Goat lists most of his salvage for 1 and I have found myself adopting this philosophy in order to reduce the amount of time I spend in the market interface and in order to keep needed market slots available.
Thus I enable somebody who is patient enough to wait for my listing with a good deal on whatever piece of salvage I happened across during my game play. Even if I am the only one that does this, low bids usually will net the salvage you need if you leave it up long enough. An old Heinz commercial taught me that, "Good things come to those who wait." The virtue of patience cannot be overemphasized when it comes to the market.
A few weeks ago when I logged my sales for the fabricator break out thread I sold 463 crafted common IOs.
Over 300 (which is what 65%) of them would have been one specific type at one specific level (and no, not End mod).
A good chunk of the rest was that type of IO at different levels.
When you find a niche that works, its easy to stick with it.
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Going back further, my brute has sold literally thousands of level 20 damage IOs. He is over 50% of the way to fabricator, and 80% of that progress at least is level 20 damages.
@Catwhoorg "Rule of Three - Finale" Arc# 1984
@Mr Falkland Islands"A Nation Goes Rogue" Arc# 2369 "Toasters and Pop Tarts" Arc#116617
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I find myself curious, as a marketeer, as to the number of my fellows who have
their particular niches in which they earn the majority of their inf, and the rest is just
fluff in the pillowcase.
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I'm definitely in that category, and several of those niches (by toon)
Typically:<ul type="square">[*]My "active" hero and villain sell their drops and do recipe vendoring (guide in sig).
I play these guys almost daily as they're leveling through game content.[*]I have a couple toons that are purely crafters and they have specific (long-term)
niches. I log these in every couple days or so. My lvl-capped (L27) stalker is a prime
example. He PvPs (and these days) AE's only, and crafts in-between.[*]I have my Ebil Marketeers - they spend the most marketeering time, because
they troll the various items looking for opportunistic crafting/flipping. They log in
every week or so, but the market IS what they do.[*]I have 2 high level characters (one hero, one villain) whose job is to lowball
specialty recipes for my alts/SG[*]The remainder don't market at all, even though I do play a few of them occasionally.[/list]So, I have anywhere from 6-10 toons I play regularily, and they all have specific market
approaches based on their role and activity. I doubt most folks are that OCD. 
Regards,
4
I've been rich, and I've been poor. Rich is definitely better.
Light is faster than sound - that's why some people look smart until they speak.
For every seller who leaves the market dirty stinkin' rich,
there's a buyer who leaves the market dirty stinkin' IOed. - Obitus.
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I mean come on, is this really reasonable?
Gouging
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Sometimes I would be quite happy to pay 500K for a Spell Scroll. Are you saying you wouldn't like to sell me one for 500K?
When you see this in the last-5 I'd suggest you get some tickets together and cash them in for Spell Scrolls to sell. Or wait until the price settles again and list a stack of 10 for 100K or something to protect the market from Ebilness.
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I am more than able to finish what other people chose to start.
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So, when someone calls you out on a (another) falsehood, the only thing you can think of to say is a Meyer-esque "He started it"?
And really, when you think about it, the only think you have "finished" is your rep with people who may not have the same opinion as you. Should I encounter your posts in other places on the forums, I'll do my best to not let your opinion that differs from mine, and what I think is right, color my judgement of your opinion on a different subject.
Good day, sir.
"And I swear to effing god, that community is .01% nethergoat-level smart and 99.99% completely fascinating varieties of turd-licking idiots" -Talen Lee
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They never get the fact, that people do know how to do it correctly they just don't like it.
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So... you're saying that the people complaining about price gouging KNOW that if they just put in a reasonable bid and wait, often for just minutes, but occasionally for longer, they'll get the item? But they don't do it because they hate waiting? So they either vastly overpay (thus rewarding the gouger) or don't buy it at all, and then come to the market forum to complain?
I'm failing to see how this presents them in a better light than before.
Often, people can't help being ignorant or unintelligent. We might not like it, but we can't exactly blame them. All we can try to do is educate them. If you're saying they know better, but do it anyway, well, then I guess they're even more deserving of mockery than we already believed.
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The market rewards patience.
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Its a video game, Patience isnt the prime characteristic of the demographic.
If you want to appeal to patient people troll the Chess forums or the Go Boards.
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It's an MMO. It takes hundreds of hours to make serious progress. That's WAY more than a Chess or Go game. This isn't a game for twitch gamers. It's a game for patient people willing to put in a lot of effort. The game rewards patience, whether that's the market or leveling up. So you're saying the demographic is willing to put in a hundred hours to level up, but not to wait five minutes for a bid to fill?
I'm sure that's true of some people, but I highly doubt is characteristic of the whole demographic. If I'm wrong, it sounds like my demographic needs to find a different game. Maybe a good shooter with all the cheat codes to get the best equipment NAO.
"That's because Werner can't do maths." - BunnyAnomaly
"Four hours in, and I was no longer making mistakes, no longer detoggling. I was a machine." - Werner
Videos of Other Stupid Scrapper Tricks
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I find myself curious, as a marketeer, as to the number of my fellows who have their particular niches in which they earn the majority of their inf, and the rest is just fluff in the pillowcase.
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I enjoy finding niches more than exploiting them.
Once I prove to myself that something works, I ditch it and go looking for something else.
But in my experience this is very atypical marketeer behavior.
Most folk find a rich vein and mine it until it runs dry.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
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I find myself curious, as a marketeer, as to the number of my fellows who have their particular niches in which they earn the majority of their inf, and the rest is just fluff in the pillowcase.
[/ QUOTE ]
I enjoy finding niches more than exploiting them.
Once I prove to myself that something works, I ditch it and go looking for something else.
But in my experience this is very atypical marketeer behavior.
Most folk find a rich vein and mine it until it runs dry.
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I mine it until it runs dry, while it's dry, and until things cycle back around and it's seriously productive again. I'm too lazy to spend five minutes finding another niche.
"That's because Werner can't do maths." - BunnyAnomaly
"Four hours in, and I was no longer making mistakes, no longer detoggling. I was a machine." - Werner
Videos of Other Stupid Scrapper Tricks
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Sometimes I would be quite happy to pay 500K for a Spell Scroll. Are you saying you wouldn't like to sell me one for 500K?
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On the subject of gouging, I find myself in need of some temporal tracers for one of my flipping projects. I looked at the last 5 and they were selling at around 100K with a low bid of 5K. So, just for fun, I put in a bid for 10,100 and got an insta-buy. All you have to do is outbid the flippers, not pay the max price in order to get your salvage an an opportunistic price.
Oh, and in the time it took me to type this post, the rest of my stack of 10 had filled. Yup, that's some hardcore gouging going on by some ebil marketeer, I tell you what! Now just imagine if I turned around and listed my stack for 99,760 and sold each for 100K. That's a profit of approx. 850K. Not a bad chunk of change.
Edit: By the time I'd posted there were a few more posts so I added the quote for reference.
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Sometimes I would be quite happy to pay 500K for a Spell Scroll. Are you saying you wouldn't like to sell me one for 500K?
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On the subject of gouging, I find myself in need of some temporal tracers for one of my flipping projects. I looked at the last 5 and they were selling at around 100K with a low bid of 5K. So, just for fun, I put in a bid for 10,100 and got an insta-buy. All you have to do is outbid the flippers, not pay the max price in order to get your salvage an an opportunistic price.
Oh, and in the time it took me to type this post, the rest of my stack of 10 had filled. Yup, that's some hardcore gouging going on by some ebil marketeer, I tell you what! Now just imagine if I turned around and listed my stack for 99,760 and sold each for 100K. That's a profit of approx. 850K. Not a bad chunk of change.
Edit: By the time I'd posted there were a few more posts so I added the quote for reference.
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FYI, one of my alts has been flipping those. I log on to her twice per day, put up a buy order for 10 at ~1k and a sell order for 10 at ~35k. It's one of several pieces I've been flipping...so rather than put all my eggs into one basket, I diversify. Anyways, if they sell for 100k, it's none of my doing.
(qr)
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wait until the price settles again and list a stack of 10 for 100K or something to protect the market from Ebilness.
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About this: I had a "shock absorber" in place heroside for about 15 months, I think. Each type of midrange salvage, either 10 bids at 1100 or 10 for sale at 19K. Log on once or twice a day- if I bought low, I would list high, and if I sold high I'd bid low.
Sometimes it actually worked- I'd log on and see that I sold six Improved Cybernetics at 19K (and then someone came along and replenished the supply.) USually a price spike would go right through my little shock absorber and stop at 50K, or 100K, or whatever- I don't know where it stopped, I only got to see the price as it was going by.
Any antigouging types want to do this? It's easy. It just requires a little tending. Salvage prices are up a little- might want to put the "Too high" at 50K or something. Some weeks nothing goes out of bounds at all. It just takes 12 market slots and the desire to actually do something about a perceived problem, other than complain.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
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(qr)
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wait until the price settles again and list a stack of 10 for 100K or something to protect the market from Ebilness.
[/ QUOTE ]
About this: I had a "shock absorber" in place heroside for about 15 months, I think. Each type of midrange salvage, either 10 bids at 1100 or 10 for sale at 19K. Log on once or twice a day- if I bought low, I would list high, and if I sold high I'd bid low.
Sometimes it actually worked- I'd log on and see that I sold six Improved Cybernetics at 19K (and then someone came along and replenished the supply.) USually a price spike would go right through my little shock absorber and stop at 50K, or 100K, or whatever- I don't know where it stopped, I only got to see the price as it was going by.
Any antigouging types want to do this? It's easy. It just requires a little tending. Salvage prices are up a little- might want to put the "Too high" at 50K or something. Some weeks nothing goes out of bounds at all. It just takes 12 market slots and the desire to actually do something about a perceived problem, other than complain.
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I've been doing that for a few months now, but I'm sure it would be qualified here as gouging rather than making sure there's always SOME supply. One of my toons uses every marketing slot for different stacks of 10 common salvage. Buy at 550 (nobody gets shafted worse than the store), sell at whatever seems high enough that they won't sell for a while, since I only log in that character every few weeks.
"That's because Werner can't do maths." - BunnyAnomaly
"Four hours in, and I was no longer making mistakes, no longer detoggling. I was a machine." - Werner
Videos of Other Stupid Scrapper Tricks
I had a few once a week toons that I did that with for about 6 months. (Buy sometime between Mon-Wed list for sale Fri-Sat)
Really really common low volatility stuff I listed at 4,009 each.
Moderate volatiity stuff I listed at 24,009 each.
High volatility stuff I listed at 49,009.
I stayed out of stuff like Luck Charms and Alchemical Silver.
When the markets were fairly stable I'd go through about 1/2 my pad in a week. During events and new issues the pad was ALWAYS gone.
Once I looked every thing over I decided what I was really doing was just long term flipping on stuff that wasn't worth flipping. Even though it may have looked like it was a shield on price spikes it wasn't really effective when it was really needed because I couldn't keep up with sheer volume by my self.
When MA hit and they abolished the 60 day rule. I had 9 way over priced STGs that I had purchased by accident (darn slider) 4 months earlier and relisted at a price to try and recoup my 10% listing fee loses (ha!) Everyone of them sold on day 3 of MA at a price that was 25% over what I had listed them at (the price that had them sitting in that transaction slot for 4 months). When I checked my pads EVERYTHING on all of them (except tier 1 commons) was gone and at far higher than I had listed it.
I abandoned the attempt and probably won't pick it back up again.
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
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I doubt most folks are that OCD.
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I'm actually CDO. It's just like OCD, except the letters are in alphabetical order, as they should be.
*ahem*
As for niches: In my own marketeering approach, I generally like to be nomadic. I make an effort to move from niche to niche, and try not to stick with any one thing for too long. I'm always looking for new opportunities, but I will revisit old territory as well. I strongly favor crafting over flipping.
I approach it this way mostly because it helps in expanding my knowledge of recipes, of salvage, and of the market in general.
That said, I have alt characters to whom I will sometimes assign specific tasks and niches. This is usually to build them a workable bankroll. But I've also had them combating gouge attempts from time to time.
The Cape Radio: You're not super until you put on the Cape!
DJ Enigma's Puzzle Factory: Co* Parody Commercials
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It's amusing how the market paranoids attribute everything to shadowy, malicious cartels when most shortages and price spikes are the result of 'casual gamers' buying stuff to make things with.
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Yay I'm finally a casual gamer.
Where do I get my purpled warshade unlock from ?
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You have to casually PvP and defeat an already casually purpled warshade and win. Casually of course.
total kick to the gut
This is like having Ra's Al Ghul show up at your birthday party.