Bid Creep, People!

It's not that I'm tired of being overpaid, but srsly people, what happened to bid creeping? It used to be that, if I wanted to sell something for 70,000,000 inf, I'd list it for 69 mill and change, so I could undercut the people selling at 70 even. These days I'm listing things at 60,000,001 and watching them sell for 75 million. And it's not always my item that sells, which means other people are listing it as low or lower!

Anyone can make a million inf an hour. A lot of people can make ten million an hour. When you include market price of drops, there are probably people who can consistently make thirty million an hour. Does anyone make sixty million an hour? At that rate, you'd be making a million a minute. Does it take a full minute to bid creep a little bit? You can save five million inf with just a few seconds of extra typing, and people aren't doing it!

Okay, I'm done ranting. I'll go back to collecting my ill gotten goods now.

Dude, I've sort of stopped keeping track of how much money I have total, and I still bid creep at least a little even on regular salvage. I just enjoy the sense of getting a bargain. I also stare in wonder sometimes at how much people pay me for stuff.

Edit: No sooner did I post this and logged in to find this.



That's more than 35% more than I listed it for.

Now, I'll be honest - I fully expected that to happen when I listed it. But I listed it a lot lower than that. Anyone interested could have gotten a good discount over the last 5. In fact, anyone really looking for a bargain wouldn't have bought a crafted one anyway....

On the other hand... why am I complaining again?

Caveat Emptor.

Jeepers Creepers!

'Carry on Impatiently' is my motto.

Would have been a great film, but you see I started a cast list and I wanted it done NAO, so the director took off and now I have nothing but a one pageo outline for 'Carry on Poor' and it all the falut of the Devs as they hate villains and refuse to implement pirce caps.

This is true, yes. I admit I end up doing it myself, then facepalming when what I thought was a conservative bid ends up filling immediately.

At least, try bidding 10% and 50% of the apparent going rate first.

I'm so cheap, I'll bid creep on a 1000 piece of salvage with a toon that has a billion. (Of course, if I was smart, I'd realize how much money I'm actually losing by not just buying that salvage to list that IO, but the cheapness side of me tends to prevail.)

Personally, I'd rather folks didn't bid creep.

It's hard to bid creep, but the recipes are getting more and more scarce(spell check) everyday. I am seeing in the hundreds in bids for 1 piece. Well, if i need it, imma have to buy it nao!

I don't really blame the greedy marketeers as much as i am the devs decision on the drop rates. I really wish i didn't play and wanna IO every alt i make. lol. I'd have waaay over the cap if i'd stop spending so much at nao prices. haha

Or you could, I dunno, bid a reasonable price then wait a day or two for the order to fill. Because odds are, it will.

But I guess some people have more INF than patience and are willing to just throw big gobs of it at something to get what they want immediately. I can appreciate that. Mostly because I profit off it.

Quote:

Originally Posted by eltonio This is over the top mental slavery.

I weigh the possibility of a very expensive extra 0 as a hidden cost of bid creeping. I'll bid creep, don't get me wrong, but my increments tend to be largish.

(Edit: And I'm lazy. And I earn influence fast enough to not want to waste time. I logged in one of my characters, and he'd made a hundred million in sales since this morning, so I bumped up his bid on a Panacea proc by a hundred million in a single increment. It's bid creeping. Kinda.)

i have always put up recipes up for 10 inf even purples. 500 for common 2000 for uncommon and 10k for rare salavage. large inps for 10k. it nice to log in and see what stupid amount i get paid for list some just to get rid of it just to get the badges lol >.>

[quote] Does anyone make sixty million an hour? [quote]

A lot of times, farming the AE. Most definitely 60+ Million per hour. As much as 250 Million in a night depending on how fast things sell. Some of it deals with "luck" on the rolls but over time it easily evens out. Some Res/Def IO's, Kin Combat Dmg/End's, Regen tissues, Numina Heal's LoTG Def or Def/Ends... etc etc etc... rolling up 10 K bronze tickets (About 1 hour of farming) its not tough to average 100 million from just selling what you drop.

I was going to attempt to hit 1 Billion in 1 week on my Common IO'ed Bot's traps a few weeks ago. Got to 650 million after 4 days (Just farming and selling, no market play) but found that was all I needed to IO out the Fire/Pain I wanted too.

As for bid creeping. Anything under 100K Usually start bid on the highest price of the last 5 sales. 2 - 5 Million Toss up a bid in the middle of the last 5 sales. 10-75 Million Toss a bid up with the lowest of the last 5 sales. For 75+ Million I'll usually put up a low ball bid, see if there are any out there for cheap, if not. Creep up 5 Million at a time usually.

I still leave bids up overnight or longer. They nearly always fill, except when I get cheap, bid just a teeny bit over some flipper's buy price, a flipper war breaks out, I log back in and find the price has gone up by a few million. If I hadn't been so cheap and bid just 100k more, I probably would have gotten my stuff before the flippers went over my price. Oh well. That's when I give up on that particular recipe for the week.

Actual incremental bid-creeping though? Only on expensive and rare stuff I want at less than maximum level, like BotZ -KB IOs. And even then, people's "buy it NAO" prices are usually so high I'm better off just placing a bunch of bids across a variety of levels and getting two for what I would have paid for one at "buy it NAO" prices.