Originally Posted by Coyote_Seven
So the saying is technically true, but anyone trying to espouse that as an absolute is being a bit myopic, I'd say.
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The Flipper: Hero of the Markets
I like cheese.
"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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Highest bidders and lowest listers is true on every single occasion. Raising prices is not usually true, or even often true.
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. |
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.
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. |
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.
"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 flip salvage and I also sell crafted items. They're both fun things to do. It's also fun to have billions of inf!
Then you're pairing it wrong. All cheese is nummy!
Did you know that Brie takes disturbingly similar to cheese from a can? |
OM NOM NOM
this train is off its tracks.
Srsly. I'm hungry now
And dinner isn't for over an hour. I has a sad.
Raises the Price is true on every single occasion. Lowest List/Raising price is usually not true, or even often true.
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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
that's not cheese. its worm poop.
I stand by my original statement |
Cheese flies eat cheese. You're in denial!
No, it's fly babies digesting. They don't call them cheese flies for nothing!
Cheese flies eat cheese. You're in denial! |
My argument stands.
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.
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
This thread is now about pants
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