The Flipper: Hero of the Markets


Another_Fan

 

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Originally Posted by Coyote_Seven View Post
So the saying is technically true, but anyone trying to espouse that as an absolute is being a bit myopic, I'd say.
"Flippers are the highest bidders and the lowest listers" is equally true as "Flippers raise prices." Both are technically true under teeny tiny circumstances. I simply want understanding that players in this thread are making statements on equal level with the people they love to mock.


 

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I like cheese.


 

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Originally Posted by Chriffer View Post
"Flippers are the highest bidders and the lowest listers" is equally true as "Flippers raise prices." Both are technically true under teeny tiny circumstances. I simply want understanding that players in this thread are making statements on equal level with the people they love to mock.
But they're not. "Raise prices" is in general false -- the overall trend of prices due to flipping is necessarily downwards due to market fees. It cannot be otherwise.

Highest bidders and lowest listers is true on every single occasion. Raising prices is not usually true, or even often true.


 

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Originally Posted by Zombie Man View Post
Yes. You are 100% correct that you are stabilizing the price.

BUT, you're stabilizing it at a higher average cost than if you didn't exist.

Proof? Your profit. From where did it come? From other players. Your profit doesn't magically appear out of thin air.

This thread makes the judgment that this service of stabilization is overall a good thing for buyers and sellers. That is where the economic voodoo comes into play.

If left alone by flippers, the market would stabilize at a lower price. Just because there is volatility doesn't mean there is DOOM for buyers and sellers (who actually produced the good and will consume it). A little patience and time would stabilize the market.

Flippers capitalize on volatility. Which does indeed reduce the volatility -- I'm not arguing that that is not the case. But that 'service' comes at a cost. The cost of the profit of the flippers. Which winds up driving up the average price of the goods.

Arguing that the average price is not driven up by flippers is pure self-serving willful ignorance.


BTW, 'flippers', if flipping actually creates a market for sellers, then make Kinetic Weapons worth selling.
I don't comprehend how flipping raises the average price of goods. Here is how I create a train of thought on that matter. Let me know which specific point you disagree with...

1) Players make a certain amount of Inf over time on average.
This amount is unchanged whether flippers exist or not.
2) Players use an amount of Inf to bid on items and compete with each other to obtain items.
This amount is unchanged whether flippers exist or not.
3) Therefore, whether flippers exist or not, players will essentially be using all available funds to compete against each other to purchase items.

Are you making an argument that if flippers didn't exist players would stop competing against each other to bid on items? This would mean that players who want items are intentionally not spending their Inf on items and saving Inf for no purpose other than allowing someone to buy an item for less.

The only argument I can comprehend about flippers and the average price of goods is that by running an item through the market multiple times and incurring multiple market fees the average amount of Inf in the system is lowered, players have less Inf to compete with each other, and the average price is somehow lowered.

I would like to hear your explanation on precisely how flippers cause the average price to rise. I would especially like to hear how the three points above are not applicable.

Quote:
Originally Posted by seebs View Post
But they're not. "Raise prices" is in general false -- the overall trend of prices due to flipping is necessarily downwards due to market fees. It cannot be otherwise.

Highest bidders and lowest listers is true on every single occasion. Raising prices is not usually true, or even often true.
"Lowest Listing Price/Highest bidding Price" is in general false -- the overall trend of prices is to exist within the boundaries set by flippers. Flipping essentially setting a "price ceiling" and a "price floor" and any transaction that occurs in between is one where the flipper is NOT the lowest list nor the highest bid. Also, transactions where the Flipper is the Lowest List he is NOT the Highest Bid and also transactions where the Flipper is the Highest Bid he is NOT the Lowest List.

Raises the Price is true on every single occasion. Lowest List/Raising price is usually not true, or even often true.

I said essentially said the same thing you did but reversed one topic for the other and the accuracy of the statements are equal. One set of statements is equally as moronic as the other. You provided a sound counter to my first paragraph and I provided a sound counter to your first paragraph.


 

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Originally Posted by Chriffer View Post
"Flippers are the highest bidders and the lowest listers" is equally true as "Flippers raise prices." Both are technically true under teeny tiny circumstances. I simply want understanding that players in this thread are making statements on equal level with the people they love to mock.
Good luck with that. Most people on this board are more interested in posturing and being right than actual understanding. Sort of like playroom politicians.

I flip salvage and I also sell crafted items. They're both fun things to do. It's also fun to have billions of inf!


 

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Originally Posted by Misaligned View Post
I like cheese.


No really. Its good stuff.


 

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Originally Posted by Nethergoat View Post
Since flippers operate within the rule structure of the game your example is a leaky burlap sack full of fail.
I vaguely recall you once saying something about anything the game's mechanics allows to happen is therefore a legitimate action, or something to that affect?


 

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Originally Posted by Misaligned View Post
I like cheese.

I cut up your cheese and make this.


 

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Originally Posted by Misaligned View Post
No really. Its good stuff.
Swiss cheese is dull and boring. I prefer the tastes of mozzarella, provolone, feta and parmesan.

American cheese just totally sucks.


 

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Originally Posted by Coyote_Seven View Post
Swiss cheese is dull and boring. I prefer the tastes of mozzarella, provolone, feta and parmesan.

American cheese just totally sucks.

Then you're pairing it wrong. All cheese is nummy!

Did you know that Brie takes disturbingly similar to cheese from a can?


 

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Originally Posted by Misaligned View Post
Then you're pairing it wrong. All cheese is nummy!

Did you know that Brie takes disturbingly similar to cheese from a can?
Cheese

OM NOM NOM

this train is off its tracks.


 

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Originally Posted by Chaos Creator View Post
Cheese

OM NOM NOM

Srsly. I'm hungry now

And dinner isn't for over an hour. I has a sad.


 

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Originally Posted by Misaligned View Post
Then you're pairing it wrong. All cheese is nummy!
Oh, REALLY???


 

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Originally Posted by Nethergoat View Post
We could form a union with the farmers, call a general strike then watch the 'casual gamers' go all Mad Max on each other.

Oh please do, I'll be glad to do everything I am able to promote this venture.


 

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Originally Posted by Coyote_Seven View Post

that's not cheese. its worm poop.

I stand by my original statement


 

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Originally Posted by Misaligned View Post
Srsly. I'm hungry now

And dinner isn't for over an hour. I has a sad.
Same.

I started thinking of all the things I could have with cheese in or on it and that made it worse.


total kick to the gut

This is like having Ra's Al Ghul show up at your birthday party.

 

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Originally Posted by Chriffer View Post
Raises the Price is true on every single occasion. Lowest List/Raising price is usually not true, or even often true.
'raising' the price from, say, 20 to 500 creates a minor burden for the purchaser.

Eliminating the need to pay a hundred K+ during a supply crash provides a benefit for the purchaser.

Without dev numbers there's no way to know how that plays out, but from my time observing volatile commons price spikes in unflipped goods are relatively frequent and people drop a lot of inf during periods of insufficient supply. When I bought out all the cheap NMIs the other night people were paying 500k-1m each for them, and I didn't do anything except replicate the effect of one impatient badger or crafter looking to fill up their SG's storage bins. Had I been flipping that salvage rather than deleting it the price would never have approached those levels. One player dropping a million on an Ancient Bone balances out a lot of people who paid a few hundred more than they would have otherwise.


And, of course, the flipper still paid more than anyone else wanted to and sold for less than anyone else wanted to. =)


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

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Originally Posted by Misaligned View Post
that's not cheese. its worm poop.

I stand by my original statement
No, it's fly babies digesting. They don't call them cheese flies for nothing!

Cheese flies eat cheese. You're in denial!


 

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Originally Posted by Coyote_Seven View Post
No, it's fly babies digesting. They don't call them cheese flies for nothing!

Cheese flies eat cheese. You're in denial!
and the end result of digestion is....?

My argument stands.


 

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I had cheese on toast for dinner. One slice made with Red Leicester and one with goats' cheese. Splash or two of Worcestershire sauce. Mm-mmh.


Arc#314490: Zombie Ninja Pirates!
Defiant @Grouchybeast
Death is part of my attack chain.

 

Posted

No longer does I have a hungry.

I think part of the delicious set of arguments going back and forth here is that very few of us share the same definition of "flipping".

Mine would be:

flipp-ing (n). Placing bids on an outstanding item that are likely to be filled. That item will then be offered in the immediate future, ideally sold for a higher price.

Profit margins for flipping are completely driven by people who "buy it nao" and "sell it nao". If every person who wanted to buy an item bid what they thought was a fair value, and if every seller offered at a fair value rather than at 1 inf, THERE WOULD BE NO FLIPPING. Don't blame me if your prices aren't where you want them to be: I voted for Kodos.


Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html

 

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This thread is now about pants


 

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If I were less lazy I'd organize FLIPPER FRIDAYS, where interested marketeers convene on a randomly determined piece of salvage in a team effort to discover its EQUILIBRIUM PRICE.


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

Quote:
Originally Posted by Chaos Creator View Post
This thread is now about pants