Markets: Display Best Bid/Offer prices for WW/BM items
By
Adeon Hawkwood,
Posted on: 2010-02-22 19:09 in Suggestions and Ideas
Quote:
"Buyer goes to market, sees 100 bids and the highest is 2,000,000. The buyer seeing this knows that a seller would not list the item seeing these numbers"|
Originally Posted by Aura_Familia
Why on earth would ANYONE who sees the highest bid of 2mil bid 50 mil over top?
I mean besides being a moron? |
The buyer knows no one would sell for that amount... Why would anyone see bid over that? The answer is so he actually buys his item. How is that being a moron?
The item we are talking about is a Luck of the Gambler. Luck of the Gamblers sell for between 100M and 200M. Please provide me with different numbers if those figures are not accurate.
I assume a buyer would be paying 150 to 200M off the market. A player with a modicum of intelligence can realize he could bid 100M on the market, entice sellers to sell to him, purchase the item, and sell the item off market. This bidding higher creates competition. People see the high bid of 100M and outbid that amount. Many players place bids on the market trying to acquire these items.
The point I am trying to convey is that currently, in the game now, there are dozens of players paying 150M right now for luck of the gamblers daily. Currently, in the game right now there are dozens of players selling their LotGs for 150M daily. Why aren't these buyers bidding 150M on the market now? Why aren't these sellers listing for 150M?
You guys do realize that standing on the market (meaning outstanding bids/lists, meaning unfulfilled) the "highest bid amount" is always lower than the "lowest list amount". Perhaps that is the point of confusion for you. Whenever those two overlap a transaction occurs. That is why the standing bid amount cannot be above the standing list amount.
Quote:
Using transactions that literally cannot be completed on the market because they exceed the amount of inf one character can carry at a time is a very surefire way to undermine your own argument. The only reason people make more on that particular transaction is because there is essentially a price cap on that item, when sold via the market, which disappears when you remove the market from the equation. Please show how the OP's suggestion would cause such price caps to appear and I'll gladly believe you. Until then, you're spouting nonsense.|
Originally Posted by Aura_Familia
Even with them selling at the inf cap of 2 billion inf ON the market there are ALREADY NUMEROUS people selling off market for 3-4 billion. Why? Because they discovered they could simply MAKE more by selling off market.
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All that common salvage that routinely sells for 10 inf, or 100 inf, but could be sold to a vendor for 2.5 times more (or 25 times more)? That's proof that people will use the market even if they're not getting the best sale price for their goods, simply because it's more convenient.
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Please, I'm begging anyone who understands their point to please show me what they are talking about. Please, I don't understand what is going on in this thread.
Quote:
Current Situation|
Here's a blank for you to fill in. Just write over the _____s. This is what you think Respec Recipes will look like on villainside if list amounts and bid amounts were displayed. The current situation is displayed below. Respec Recipe. Villainside ____ for sale. ____ bidding Last 5: ___, ___, ___, ___, ___ Amount sold daily average: ____ Amount found daily average: ____ Current highest bid: ___ Current lowest list: ___ Amount Sold off market: ___ Prices of all sold off market: ___, ___, ... |
Pretend these are daily averages.
Respec Recipes. Villainside
41 For Sale. 451 Bidding
Last 5: 138M, 138M, 180M, 140M, 138M
Amount Sold daily average: 10 (3 of the last 5 were listed today, 11 hours into the day. I'll just assume later is more peak hours. Total estimation on my part. I made this number up)
Amount found daily average: 20. Total estimation.
Display Bid/List Amount -- My estimation
Respec Recipe. Villainside
40 for sale. 300 Bidding
Last 5: 165M, 167M, 165M, 160M, 167M
Amount Sold daily average: 10
Amount found daily average: 20
Current highest bid: 162M
Current lowest list: 167M
Amount Sold off market: 2
Prices of all sold off market: 150M, 155M
Quote:
While this situation is a potential problem, it should be so rare as to be almost ignorable as it requires a very desirable IO to have a significant span of time in which there is no demand for it.|
Originally Posted by Forbin_Project
Ok Shadow try to follow this. You and I both have the same recipe and it is worth 265 million inf at the CH. I have enough inf on my character to sell my recipe for 265 million, however YOU only have enough influence to sell it for 5 million because the CH won't let you set a sales price if you don't have enough to cover the sales fee.
Along comes Chriffer and he can see the sales prices we have set. Sales Price 265 million 5 million Remember in the market the highest bid goes to the lowest seller. Anyone that sets their sales price too high just sits there unsold. So do you honestly think he's going to pay the highest sales price listed? Heck no he's going to see your bid and he's only going to pay 5 million. Final result is that you just got screwed out of 260 million inf. |
Quote:
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Originally Posted by Fing M C
Buyer goes to market, sees 100 bids and the highest is 2,000,000. The buyer seeing this knows that a seller would not list the item seeing these numbers.
|
Hmm.
- The last 5 or 6 sales are listed for each item - including the date (some may not have this if they have been off the market for a while).
- The market lists how many people are bidding and how many items are up for sale.
Both of those should give you a pretty good idea of what is going on "right now" in the market.I think what would really improve the market - in the minds of casual gamers - is a little more patience and a little less "Gotta get them all right now!"
If you HAVE TO sell it now, then you are going to get a lower price than if you posted and waited unless here are a zillion bids and none of the item on the market (and you might even still not get a high of a price as you could have if you would have posted it for higher than what it ended up selling for and waited for someone to pay what you were asking for it)
If you HAVE TO have it now, get ready to shell out the big bucks unless there are 0 bids and a zillion on the market.
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