Bid creep, people!
When I bid creep at all I do it with recipes. Salvage, I start high and if I don't get it either leave it up and walk away, or cancel and go high enough to guarantee I get it.
I figure I save more than enough on recipes to fund whatever excesses I ladle on the salvage market. Getting a recipe that's 'worth' 100 million for 60 or 70 bankrolls a lot of BUY NAO Deific Weapons and Alchemical Silvers.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
I admit it - I'm a habitual bid creeper.
Why? There's something there that is "fun" for me when I get a bargain on
an item.
It's especially tickling to me when it occurs on my initial bid (usually 111).
I'm sure that makes dave_p shudder at the inefficiency , and from a pure
math standpoint - righfully so, but for me, it's not about pure math.
It's about the psycholocial win/fun factor. For me, it's a "win" when I get it
below last 5, and a "loss" when I pay NAO. My net worth (or earning
power) is never a factor in the equation - although, I do take the price
scale vs time spent into consideration. Bid-creeping for a "reasonable"
time" (based on that scale) is always worthwhile to me on that basis
even for common salvage - in the game, I can sacrifice some earning
efficiency for the fun of scoring a bargain.
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.
It's about the psycholocial win/fun factor. For me, it's a "win" when I get it
below last 5, and a "loss" when I pay NAO. My net worth (or earning power) is never a factor in the equation - although, I do take the price scale vs time spent into consideration. Bid-creeping for a "reasonable" time" (based on that scale) is always worthwhile to me on that basis even for common salvage - in the game, I can sacrifice some earning efficiency for the fun of scoring a bargain. |
An Offensive Guide to Ice Melee
Failure to bid creep still baffles me far less than the behavior of those who buy generic recipes (from the market) for MORE than they cost from an invention table! I mean--you HAVE to go to an invention table to make the frickin enhancement so you gain absolutely nothing (not even time) by overpaying...*headpop*
Open the pod bay doors, Hal.
I get most of my market pleasure from the SELL IT NAO crowd.
There is something to be said about buying crafted enhancements at half the price of the recipes...
Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html
I'm training myself not to bid creep on small items (ie less than a million).
I've got two billionaires and a number of characters with hundreds of millions dotted around my accounts (and 1000 unpsent merits at least) - why on Earth should I spend extra time at the market saving myself a few hundred thousand in a fictional currency that can't be spent outside the game? And that's small change for some of the people here.
I also figure it is generous tipping and encourages people to keep putting salvage on the market or crafting generic IOs for my convenience.
Failure to bid creep still baffles me far less than the behavior of those who buy generic recipes (from the market) for MORE than they cost from an invention table! I mean--you HAVE to go to an invention table to make the frickin enhancement so you gain absolutely nothing (not even time) by overpaying...*headpop*
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On the other hand, for those of us who are crafting most of our current output in search of badges, that's providing us with quite a bit more than the zero inf we'd get from trashing to free up space
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I won't pay more than 100k for a standard IO, but I love buying a crafted purple for 90% under cost. It's a sickness, I know.
Ooh, a sarcasm detector. Oh, that's a *real* useful invention. http://www.telegraph.co.uk/technolog...t-sarcasm.html
I was referring more towards the LOTG 7.5% crowd. I only lowball the standard IOs when I need to slot them.
I won't pay more than 100k for a standard IO, but I love buying a crafted purple for 90% under cost. It's a sickness, I know. |
o_0
There are people dumb enough to sell those things under cost?
The universe just keeps inventing better idiots...
...
o_0 There are people dumb enough to sell those things under cost? The universe just keeps inventing better idiots... |
Depending on how much of a markup I can make off them, I tend to do a mix of all three.
@Roderick
Badgers. They want to get Field Crafter, and they want it now, and they have to craft hundreds of IO to do it. That means that they have to find somewhere to store them, delete them, or price them to sell now.
Depending on how much of a markup I can make off them, I tend to do a mix of all three. |
Perhaps I misunderstood. Since Yomo said "Standard IO" and "Purple" in the same sentence, I took that to mean "Purple common IO" or a Def IO.
@Roderick
But it's silly to buy high-value set IO recipies to do that, especially since they don't count toward the category badges as well. I do that with basic University recipies all the time, like I mentioned in a prior post, but with stuff like that...
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in the early days of the market one of my pals would craft whatever drops he got and sell them, just to have something to do. he didn't care about making money, he just liked collecting salvage and creating IOs.
and I'm sure some of it is savvy players under-listing to get sales.
I under-list stuff when I'm selling in bulk to make sure it moves- even if I end up losing one or two to creepers the rest generally sell at or above the 'going rate' and I figure it's worth taking the hit to keep my slots free.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
I wonder if the name "Bid Creep" is taken.
*ponders creepy costume, wonders if something "Rat Fink"-inspired could be done.*
I love when people bid creep. Just yesterday I had 2 people bid creep and add extra 0's to bids.
One was a payment of 135M (try at 13.5?) for something selling for 15M typically and had listed at 12.5M.
Another was for 4 recipes of mine totalling 280M selling for 10M (try at 7M each and ended up 70?).
So yes....please bid creep more on your laptops or when you've been drinking heavily.
I kept a spreadsheet at one time of where my profits came from and 9% were from typos leading to roughly 10x the intended bid. People seem to type a little better now....though part of it is I have moved on to doing stuff sometimes where a 10x bid takes you over the cap which protects bad typers.
Someone bought at least 5 of something for 70,000,000 when it normally sells for 10M. Don't remember what it was, but I winced for them.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
I was creeping something last week and accidentally added a 0. It was embarrassing because I was bidding x5. The odd thing (or maybe annoying thing?) was that even though I had bid almost 10x the "going rate" I was only able to purchase 3 of the 5...
And this was for a recipe - I bid like 50 mil on a 5 mil creep for a recipe normally selling for 6-7 mil. Apparently, there was 10+ over the 50 mil mark...
Silly people.
Coulda been leftovers. I've got some stuff that didn't sell, and the "going rate" has dropped from 50M to 15 M (stealths or something) and I've still got them listed at 36M or 41M . I've already spent the money to list it, I can wait a week or two and see if it comes back.
The people with 55M bids up on a 7 million inf item might just be hoping for a 2XP bounce or something.
... this is a Reactivation Weekend, isn't it? Hmm.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
All these typo stories make me remember a little incident in Eve...
Someone had put up a buy order for (some material or other) at a hundred times the prevailing market value, exactly - forgot to hit the decimal, probably. So, poking my CovOps out of my corp base's latest wormhole exit, I see this, and immediately grab a hauler to take as much as possible to fulfill it with... and tell friends... who tell friends... and we're all part of this mad rush of Industrials to go fill the poor *******'s mineral order. I manage to dump my whole load, but one of my friends gets the error message pointing out that only part of the transaction could be completed - meaning that the buyer ran out of funds to cover the order partway through. Ouch.
Failure to bid creep still baffles me far less than the behavior of those who buy generic recipes (from the market) for MORE than they cost from an invention table! I mean--you HAVE to go to an invention table to make the frickin enhancement so you gain absolutely nothing (not even time) by overpaying...*headpop*
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Well I may have answer to this: I have two accounts both which have different starting packs. Oddly enough one of the accounts can't buy generic recipes at the crafting table. Not sure if it's a bug or if being able to buy generics at the crafting table was at some point a perk included in something like 'The Good & Evil" pack. But in any case if you can't buy them at the crafting table then you will pay whatever you have to at the market, unless you want to wait for them to drop.
Oddly enough one of the accounts can't buy generic recipes at the crafting table. Not sure if it's a bug or if being able to buy generics at the crafting table was at some point a perk included in something like 'The Good & Evil" pack. But in any case if you can't buy them at the crafting table then you will pay whatever you have to at the market, unless you want to wait for them to drop.
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I wonder if the name "Bid Creep" is taken.
*ponders creepy costume, wonders if something "Rat Fink"-inspired could be done.* |
Bid Creep, people!
I made him more of a monstrosity... though I could redesign him later.
Also, I was wondering if this name was available in another thread:
Tin Foil Hat was taken, now Tinfoil Hat is also taken!
He's resistance, of course. Never trust the government, they're trying to read your mind! Oh, and I made him a mind/psi dom. ^_^
/e ponders whether the name "Permanent Ban" or "Permanently Banned" would be worth using...
my lil RWZ Challenge vid
...
"No? Ok then, we'll go with 110k."
...
"Hrm, still no. Well, nobody should be listing these over 500k, so I'll just try 515k. I just want to slot this character and get back to playing."
...
"You're kidding me [Gehnen Edit:] you greedy little punks. Hell with it. 1M each, I'm done here."
Now I do the above, and got my Blaster range-capped in one afternoon. I'll get stingy where it still counts, but when I'm want to craft, I'm not waiting for salvage.