Something to do with those recipes you don't need...
By
Chaos Creator,
Posted on: 2010-12-24 02:39 in The Market and Inventions
Someone will just flip it and sell it at the going rate. 
This is not how market economics works. If the prices aren't reasonable, unsold recipes will accumulate until people give up and sell for less. If that's not happening, the chances are there aren't enough of that recipe for a lower price to be reasonable.
"Reasonable price" is a highly subjective term. Say a recipe is selling for 200 million influence. For some people, this sum is far greater than all the influence on all their characters combined, but for me this represents a little over a hundredth of a percent of my total liquid assets.
As for the OP's brilliant plan, it doesn't work in practice. There are always lowball bids, either from bargain hunters or flippers. The guy who posts a recipe for 10 inf will lose millions, if not tens of millions, and if you find someone in-game willing to do so on a regular basis, let them know I've got a bridge in Independence Port I'd like to sell to them.
@Demobot
Also on Steam
Quote:
I have trouble believing that you have 2 trillion inf in liquid assets.
|
Originally Posted by Demobot
"Reasonable price" is a highly subjective term. Say a recipe is selling for 200 million influence. For some people, this sum is far greater than all the influence on all their characters combined, but for me this represents a little over a hundredth of a percent of my total liquid assets.
|
Quote:
You could also try praying to make sure that prices came down to the level you want them to.|
Originally Posted by Lycanus
...find the most outrageously over-priced on the market recipes you have...
post them for 10 influence.... make other people aware that you do this so they're more likely to bid lower in order to get a deal do this often... convince other people to do this hopefully watch prices get to something reasonable |
Or ask Santa.
Or sacrifice a goat.
Or you could learn how the market works, make the money you need, and wind up doing crazy stuff like Fulmens to actually fight inflation. This is the most awesome option, of course.
Quote:
I believe it is possible. If one considers all unslotted items a liquid asset then I see no problem with a claim of such wealth.
|
Originally Posted by firespray
I have trouble believing that you have 2 trillion inf in liquid assets.
|
Quote:
Actually, that sort of works. Not the way the OP thought, but it works. Let's say the Buy It Nao for Luck of the Crafter is 200 million and the Sell it Nao is 120 million. If our fearless price-lowerer lists it for 10 inf, they'll sell it for 120 million and the flipper will sell it for 200 million. Total inf destroyed in market fees: 32 million, vs. only 20 million if they sell at market prices. Inf leaves system 60% faster, prices theoretically drop!
|
Originally Posted by crayhal
Someone will just flip it and sell it at the going rate.
|
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
Quote:
Oh, let's not sacrifice the goat! Maybe a chicken. We like the goat right where he is.|
Originally Posted by Talen Lee
You could also try praying to make sure that prices came down to the level you want them to.
Or ask Santa. Or sacrifice a goat. |
As for the OP, another way to look at it is this: if an item is so terribly expensive, then there are probably lots of bids out there, and zero for sale. In that case, some of those outstanding bids might well be fore as much or more than the last 5 prices. In that case, it doesn't matter what you list the item for. 1 inf or 10 inf or 50 million inf. Anything less than the going rate will result in the item selling instantly for the going rate. You can't force prices down when the buyers are forcing them up.
One of the odd asymmetries of our market is that the seller cannot force the buyer to pay more than they bid, but the buyer can force the seller to take more than they asked for.
Avatar: "Cheeky Jack O Lantern" by dimarie
"recipes you don't need"... "outrageously overpriced"...?
Recipes I don't need, that are valuable? Does not compute!
Recipes I don't need are the ones I can't make any money on. And I can't give those away.
But by all means, if you want to list your Oblits, Kinetic Combats, Luck of the Gamblers for 10 influence, don't let me stop you! I have lowball bids out on recipes like that all the time! 
my lil RWZ Challenge vid
...find the most outrageously over-priced on the market recipes you have...
post them for 10 influence....
make other people aware that you do this so they're more likely to bid lower in order to get a deal
do this often...
convince other people to do this
hopefully watch prices get to something reasonable
Thrythlind's Deviant Art Page
"Notice at the end, there: Arcanaville did the math and KICKED IT INTO EXISTENCE." - Ironik on the power of Arcanaville's math