Black Market Overhaul


Adeon Hawkwood

 

Posted

I repeat. Its Imposssible to flip the entire stock of items on the market and make a profit.

Its as simple as that. the reason non purple items go for upwards of 40 million is because those items are extremely useful (Aegis providing 4.7% AOE def, obliterations adding damage, and acc, and recharge, AND def, etc etc) thus they are more valuable. I can list an obliteration recipes for 1 inf, and it'll sell for over 20 mil. How is that MY fault as the marketeer?

We (the marketeers) DO NOT SET PRICES. The BUYERS set the prices. If people are too stupid to realize the last 5 prices listed are not a correct statement for what things are going for, then how is it our fault?


 

Posted

Quote:
Originally Posted by EvilRyu View Post
As for as using recipe to make enhancements I have absolutely no problem with that. In fact I encourage that because you are adding value to the recipe beyond what its value is by adding in the sub-components. Again I repeat if your making money off crafting recipes more power to you, take them for all their money for all I care because you are adding real value to item where as flippers just arent.
Uh, you do realize that crafting recipes and selling the IOs for a markup is how marketeers make money, right? Pure flipping generally doesn't yield worthwhile results over time (and per ounce of effort). There are exceptional cases -- flipping purples, for instance -- but the purportedly populist complaints about flippers or market manipulators most often arise from the wild variance of very low-value items, most often common salvage.

I'm not denying that some marketeers do occasionally play games with those low-value items, but they ain't making worthwhile money doing it over any considerable length of time. Not these days. To the extent that it happens, it's most likely an ego-stroking exercise (or something done out of sheer boredom).


Quote:
Originally Posted by Iggy_Kamakaze View Post
Nice build

 

Posted

Few things I would love to see changed about the market and market related stuff.

1. get rid of the double blind system it sucks goat balls big time. The real world doesn't work like this some other mmos I've tried doesn't work like this, I dont think our market should work like this.
2. raise the influence/infamy cap. I didn't care at first but it sucks to not be able to buy a single recipe with all the influence a sinlge toon can hold.(pvpio +3 def need I say more)

kkthxbye XD


 

Posted

Quote:
Originally Posted by Obitus View Post
Pure flipping generally doesn't yield worthwhile results over time (and per ounce of effort).
Funny, but I found the opposite to be true.


 

Posted

Quote:
Originally Posted by Cully View Post
1. Post the sellers GLOBAL name, and any other GLOBAL names their master NC Account pays for.
Desired resolution: This helps track down the farmers and the BM jackers, then everyone that plays the game can refuse to play with the jerk that makes this aspect of the game infuriating to the player base. The community will sort out the bad apples and the devs can easily boot/slap/punish/immolate/draw&quarter the BM Jerks.
So post the names of people who you think charge too much on the market so you can bully and harrangue them.

No. NO. HELL NO!

Quote:
2. Make listings time sensitve, 1 week max length, and the price you paid to list it is GONE FOREVER. This will incentivise sellers to put an actual reasonable price on their items instead of just listing something for an inflated price and letting it sit for months. It'll start costing them to try and jerk around the BM so they'll have to drop the prices in order to actually move their stock.
No. Doing so will destroy the market utterly. There will be no point to listing items (especially valuable ones) if you're going to straight out LOSE your listing fees for no return whatsoever.

Way to drive all business to the black market.

So again, No. NO. HELL NO!

3. *SNIP*

People have been asking for off-site market interfaces for a while now. Unfortunately the the devs let marketing screw it up it was made a 7 year vet perk.

Quote:
I'm trying to enjoy the game, i really am, but its starting to feel like they're working harder at punishing the player, instead of rewarding them.
The market is a place that rewards patience and insight. On the flip side, it's a place that heavily penalizes impatience and stupidity.

Essentially you're asking for someone to give you a discount on your stupidity tax when the tools are available for you to do it yourself.



Clicking on the linked image above will take you off the City of Heroes site. However, the guides will be linked back here.

 

Posted

Quote:
Originally Posted by Arbegla View Post
I repeat. Its Imposssible to flip the entire stock of items on the market and make a profit.

Its as simple as that. the reason non purple items go for upwards of 40 million is because those items are extremely useful (Aegis providing 4.7% AOE def, obliterations adding damage, and acc, and recharge, AND def, etc etc) thus they are more valuable. I can list an obliteration recipes for 1 inf, and it'll sell for over 20 mil. How is that MY fault as the marketeer?

We (the marketeers) DO NOT SET PRICES. The BUYERS set the prices. If people are too stupid to realize the last 5 prices listed are not a correct statement for what things are going for, then how is it our fault?
I never said you did what you do for profit. I said its just market pvp and some people do it just to be a ****** at times. How about if you all just stopped and left the market alone for 1 entire month, how would things look. If you never set those last 5 to be crazy high people would be able to start their bidding alot lower to get what they want.


Bump and Grind Bane/SoA
Kenja No Ishi Earth/Empathy Controller
Legendary Sannin Ninja/Pain Mastermind
Entoxicated Ninja/PSN Mastermind
Ninja Ryukenden Kat/WP Scrapper
Hellish Thoughts Fire/PSI Dominator

Thank You Devs for Merits!!!!

 

Posted

Quote:
Originally Posted by Arbegla View Post
I repeat. Its Imposssible to flip the entire stock of items on the market and make a profit.

Its as simple as that. the reason non purple items go for upwards of 40 million is because those items are extremely useful (Aegis providing 4.7% AOE def, obliterations adding damage, and acc, and recharge, AND def, etc etc) thus they are more valuable. I can list an obliteration recipes for 1 inf, and it'll sell for over 20 mil. How is that MY fault as the marketeer?

We (the marketeers) DO NOT SET PRICES. The BUYERS set the prices. If people are too stupid to realize the last 5 prices listed are not a correct statement for what things are going for, then how is it our fault?
So.. I put up 5 (Insert craptastic recipe here) for 500mil a piece, then log into an alt with an email infusion of cash handy, and artificially inflate the price of said item to 500m per, while paying myself to do so, only missing out on the transaction costs, BUT, i have now just set the price for this recipe at 500m to everyone else that gets to see it. Now, taking those 5 recipes I turn around and put them back up on the market (after having just bought them from myself) and sell them again, this time to a poor sap that actually thinks that's just the price he's gonna be forced to pay cuz well... obviously 5 other people had to as well....

Now do this for a week.

Yes, you are now the problem on the black market.

Your argument: Invalid
My Position: Unassailable
Reason: It's my rant.

I hear what you're sayin man, but seriously, the poor "oh i only list for 1inf, it's not MY fault it sold for 190m" argument falls so flat with me it's probably as ridiculous and "over the top" as you feel about our frustrations with the market. So... we're all happy with being unhappy.


Dai-San: "You Not true Mu, you fake Mu. Me want Mu Mu, not you Mu." ~in response to I7
Dai-San: "You point, me smash." Brutz rulz 101
Sig Truncated

 

Posted

Just for the record I need to say this, I do not care as much as I did when this crap first started happening simply because I avoid the market at all possible cost, right now its just used for storing stuff since they got rid of the 60 day rule on active accounts. True enough I may miss out on an easy source of inf but I refuse to contribute to the market greed. I would sooner destroy the recipe or give it away to some one who actually needs it then to feed this problem and make it worse.


Bump and Grind Bane/SoA
Kenja No Ishi Earth/Empathy Controller
Legendary Sannin Ninja/Pain Mastermind
Entoxicated Ninja/PSN Mastermind
Ninja Ryukenden Kat/WP Scrapper
Hellish Thoughts Fire/PSI Dominator

Thank You Devs for Merits!!!!

 

Posted

Quote:
Originally Posted by Cully View Post
So.. I put up 5 (Insert craptastic recipe here) for 500mil a piece, then log into an alt with an email infusion of cash handy, and artificially inflate the price of said item to 500m per, while paying myself to do so, only missing out on the transaction costs, BUT, i have now just set the price for this recipe at 500m to everyone else that gets to see it. Now, taking those 5 recipes I turn around and put them back up on the market (after having just bought them from myself) and sell them again, this time to a poor sap that actually thinks that's just the price he's gonna be forced to pay cuz well... obviously 5 other people had to as well....

Now do this for a week.

.
highest bidder goes to lowest seller( I have personally tested). your plan would utterly fail and youd be out 500mill instantly.


 

Posted

Quote:
Originally Posted by Cully View Post
So.. I put up 5 (Insert craptastic recipe here) for 500mil a piece, then log into an alt with an email infusion of cash handy, and artificially inflate the price of said item to 500m per, while paying myself to do so, only missing out on the transaction costs, BUT, i have now just set the price for this recipe at 500m to everyone else that gets to see it. Now, taking those 5 recipes I turn around and put them back up on the market (after having just bought them from myself) and sell them again, this time to a poor sap that actually thinks that's just the price he's gonna be forced to pay cuz well... obviously 5 other people had to as well....

Your argument: Invalid
My Position: Unassailable
Reason: It's my rant.
Your knowledge: market mechanics: lacking
Consequence: your argument: invalid

When the market executes the highest bids are matched to the lowest sales. If you listed the recipe for 500million and then bought a bunch on another character you wouldn't get the sale, the person who has it listed for 1 inf would.

Now you can theoretically do it by listing yours for 1 inf and setting a buy order on the same character for 1 inf to clear out any others but at the end of the day so what? As Hyperstrike said the market rewards patience and insight. If someone artificially boosts the apparent price and you don't care to bid creep well, that's the laziness tax.

Now as it happens I am in favor of providing some protection against this sort of thing. Not because I consider seeding the last 5 to be a problem but because I feel that decreasing the "stickiness" of market prices would be a good thing. My suggestion is to provide more information than the last five, specifically High/Low/Average prices for the last 24 hours and 7 days.


 

Posted

Quote:
Originally Posted by Hyperstrike View Post
So post the names of people who you think charge too much on the market so you can bully and harrangue them.

No. NO. HELL NO!

No, the point being the entire population of the server can see who's trying to be a BM Jerk and refuse to participate. Eventually said individual will realize they can't sell a damn thing on the market until they put a respectable price up. So, yes, yes, and hell yes.


No. Doing so will destroy the market utterly. There will be no point to listing items (especially valuable ones) if you're going to straight out LOSE your listing fees for no return whatsoever.

Again, reading the entire point, would illustrate the principle, but oh well, shootin from the hip's been workin so far so here goes: AGAIN, it would force said marketeer to put a reasonable bid up within the time frame. The buy it NAO crowd will still keep them in business, but it will open up the markets to more patient buyers (where they have an actual realistic expectation for their patience to pay off this year...)

Way to drive all business to the black market.

So again, No. NO. HELL NO!

Again, yes yes, and HELL YES

3. *SNIP* *UNSNIP*

People have been asking for off-site market interfaces for a while now. Unfortunately the the devs let marketing screw it up it was made a 7 year vet perk.

Unfortunately this poster didn't read the entirety of the topic point he was responding too, so he just looks foolish at this point. If he'd read the damn thing, he'd know we're talking about the ability to just have my personal recipe page open, along with the ticket vendor page open, or the bm open, so I could see the recipes on hand with their salvage requirements, without having to open and close the same damn windows 32 times just to make one set of enhancements. I mean, if YOU want to spend all day clicking the same thing over and over again, just to open a menu, that AUTOCLOSES as soon as you open a similar, but not identical menu... well... i guess there's a reason we're playing this game where we click the same thing over and over again for the same results, but you're like at... therapy needed levels. That's just obsessive. You don't have pets do you?



The market is a place that rewards patience and insight. On the flip side, it's a place that heavily penalizes impatience and stupidity.
The market is a place that rewards greed and corruption. On the flip side, you can try to fix the problem but since the greedy bastids are the ones with all the money, they'll just call you a poor fool for not being a greedy turd burglar like them.

Essentially you're asking for someone to give you a discount on your stupidity tax when the tools are available for you to do it yourself.
Essentially, I'm asking for someone to please try and really honestly justify a 100k for common salvage price, a 3b price for a ridiculous recipe, or just the general asshattery involved with the BM. Seeing as how I have yet to see a rationalized complete argument, we'll just continue shooting from the hip and hope one learns to read more accurately in the future.

GENERIC DISCLAIMER: I lose track of thought and the argument itself really doesn't justify the expense of effort to really get into it. So, if i miss what you feel is a salient point to the argument, kindly repost that part with as inventive language as possible, and we'll go over it again


Dai-San: "You Not true Mu, you fake Mu. Me want Mu Mu, not you Mu." ~in response to I7
Dai-San: "You point, me smash." Brutz rulz 101
Sig Truncated

 

Posted

Quote:
Originally Posted by Cully View Post
So.. I put up 5 (Insert craptastic recipe here) for 500mil a piece, then log into an alt with an email infusion of cash handy, and artificially inflate the price of said item to 500m per, while paying myself to do so, only missing out on the transaction costs, BUT, i have now just set the price for this recipe at 500m to everyone else that gets to see it. Now, taking those 5 recipes I turn around and put them back up on the market (after having just bought them from myself) and sell them again, this time to a poor sap that actually thinks that's just the price he's gonna be forced to pay cuz well... obviously 5 other people had to as well....

Now do this for a week.

Yes, you are now the problem on the black market.

Your argument: Invalid
My Position: Unassailable
Reason: It's my rant.

I hear what you're sayin man, but seriously, the poor "oh i only list for 1inf, it's not MY fault it sold for 190m" argument falls so flat with me it's probably as ridiculous and "over the top" as you feel about our frustrations with the market. So... we're all happy with being unhappy.
Its exactly why the double blind system needs to go. Having it lists the buyers and sellers it makes people accountable. I know in other games if your caught doing this you are blacklisted by many of the guilds and having the names listed easily helps you to avoid some of the RMT sellers with the gibberish names. Another thing that would help in all this is adding a creator tag to all the finished enhancments so you can see who made it too as it helps with getting repeat business on certain finished products.


Bump and Grind Bane/SoA
Kenja No Ishi Earth/Empathy Controller
Legendary Sannin Ninja/Pain Mastermind
Entoxicated Ninja/PSN Mastermind
Ninja Ryukenden Kat/WP Scrapper
Hellish Thoughts Fire/PSI Dominator

Thank You Devs for Merits!!!!

 

Posted

In Response to Lucky666 cuz it won't let me quote you atm:

I have personally, done this exact thing on items with low volume, like spell inks a few years ago when you couldn't get one for less than 250k, just cuz, well i was pissy with ya'll. I then did this with a few purples. I've proven they can do it. I've had conversations with people that claim this is their secret to playing the market. I'm sorry YOU chose a bad target to do this with, but I've seen it work, and I've seen some items never recover from said pricing. So......

I'll let those that want to take that chance take it, i was putting it up as a quick example without having to dig through your oh so handy "guides" to bm 'freedom/exploitation' to find yet more examples of how to bork the market.

In short, you're an idiot if you try to do this on something with 250 items for sale, and you don't have the bankroll to buy all 250 in one go.


Dai-San: "You Not true Mu, you fake Mu. Me want Mu Mu, not you Mu." ~in response to I7
Dai-San: "You point, me smash." Brutz rulz 101
Sig Truncated

 

Posted

Quote:
Originally Posted by Adeon Hawkwood View Post
Your knowledge: market mechanics: lacking
Consequence: your argument: invalid

When the market executes the highest bids are matched to the lowest sales. If you listed the recipe for 500million and then bought a bunch on another character you wouldn't get the sale, the person who has it listed for 1 inf would.

Now you can theoretically do it by listing yours for 1 inf and setting a buy order on the same character for 1 inf to clear out any others but at the end of the day so what? As Hyperstrike said the market rewards patience and insight. If someone artificially boosts the apparent price and you don't care to bid creep well, that's the laziness tax.

Now as it happens I am in favor of providing some protection against this sort of thing. Not because I consider seeding the last 5 to be a problem but because I feel that decreasing the "stickiness" of market prices would be a good thing. My suggestion is to provide more information than the last five, specifically High/Low/Average prices for the last 24 hours and 7 days.
Again thats if and only if someone comes along and lists it lower. If they dont then his arguement still holds merit. The thing is with items that are not put on the market as much it would be easy to do this since it would be a really long time before another one was placed there making the 1 inf very unlikely to happen. In all honesty I think the bulk of the problem overall is ignorance in the playerbase. So many people do not even know about Fort Trident or whatever teh villain equivalent of that is. Some dont even know about the merit vendors. If the playerbase knew what the forum people knew so much of this would not be happening in the first place.


Bump and Grind Bane/SoA
Kenja No Ishi Earth/Empathy Controller
Legendary Sannin Ninja/Pain Mastermind
Entoxicated Ninja/PSN Mastermind
Ninja Ryukenden Kat/WP Scrapper
Hellish Thoughts Fire/PSI Dominator

Thank You Devs for Merits!!!!

 

Posted

Quote:
Originally Posted by Cully View Post
Essentially, I'm asking for someone to please try and really honestly justify a 100k for common salvage price, a 3b price for a ridiculous recipe, or just the general asshattery involved with the BM. Seeing as how I have yet to see a rationalized complete argument, we'll just continue shooting from the hip and hope one learns to read more accurately in the future.
It's justified because that's what people are willing to pay. I don't know why that's so hard to grasp.

Let me ask you this. If you think Luck Charms (and possibly Alchemical Silvers?) are being manipulated and that is the cause of the "unreasonable" price, then why isn't that happening to ALL common salvage? What makes Luck Charms and AlSil more susceptible to manipulation like this than anything else?


@Quasadu

"We must prepare for DOOM and hope for FREEM." - SirFrederick

 

Posted

Quote:
Originally Posted by EvilRyu View Post
Seriously why do we have Non-purple/pvp recipes going more than 40 mill?
You've been told this time and again. Weren't you listening?

Because demand outstrips supply. Both natural drops and through artificial generation (tickets, merits, A-Merits).

Because some people are impatient. They don't WANT to invest the time into generating those recipes themselves. They'd rather pay a premium price to have it NOW.

Because some people have MASSIVE coffers of inf. Because 500 million isn't even a fraction of a percent of their total wealth.

Because, if other sellers are pulling down 9 digits on a recipe, why the hell should another seller settle for 100 inf?

Quote:
Ever since we got A-merits that should have been the absolute cap on those items. Reason being ebil marketeers plain and simple.
Quote:
Originally Posted by Inigo Montoya
You keep using that word. I do not think it means what you think it means.
See the reasons above. Simply because someone can take several months and several hundred million inf to produce a recipe does not mean they will.

The fact that you're griping so hard about this implies you're one of this unfortunate population statistic.

Quote:
You can try to sugar coat it any way you want but essentially thats what it is.
No. It's not. Were everyone being industrious and knocking out morality missions left-right-and-center, cashing in merits, etc, etc, etc. Sure, you might be right.

But they're not. You have several classes of player whom don't do this.
As such, they're reliant on the market for their supply. And, if they want it now, they pay correspondingly higher prices.

Stop blaming seller greed for what is, actually, buyer greed.

Quote:
If people see a manipulated price long enough they start to think thats really whats its going to go for.
If it goes for that price long enough, then that IS what it's going for. Remember, the sale price is set by the buyer.


Quote:
Again I repeat if your making money off crafting recipes more power to you, take them for all their money for all I care because you are adding real value to item where as flippers just arent.
Wrong. Flippers help stabilize supply and pricing. If Recipe X is going for 100 inf and is in heavy demand, the market supply will soon be exhausted. A flipper, by acquiring large stocks of the desirable item, ensure that, with their higher pricing, that the item is still available down the road to other players. They also set a barrier of entry against dilettante hoarders.



Clicking on the linked image above will take you off the City of Heroes site. However, the guides will be linked back here.

 

Posted

Quote:
Originally Posted by Adeon Hawkwood View Post
Your knowledge: market mechanics: lacking
Consequence: your argument: invalid

When the market executes the highest bids are matched to the lowest sales. If you listed the recipe for 500million and then bought a bunch on another character you wouldn't get the sale, the person who has it listed for 1 inf would.

Now you can theoretically do it by listing yours for 1 inf and setting a buy order on the same character for 1 inf to clear out any others but at the end of the day so what? As Hyperstrike said the market rewards patience and insight. If someone artificially boosts the apparent price and you don't care to bid creep well, that's the laziness tax.

Now as it happens I am in favor of providing some protection against this sort of thing. Not because I consider seeding the last 5 to be a problem but because I feel that decreasing the "stickiness" of market prices would be a good thing. My suggestion is to provide more information than the last five, specifically High/Low/Average prices for the last 24 hours and 7 days.

Market mechanics: I'm retired at 32, from playing markets (actually getting lucky in my early college years but hey, sometimes you ARE the first person to get a Panacea to drop) Anyway, sound investment strategy and actual marketeering bore out the next ten years and I'm burnt out on it. Probably why I gripe at the BM so much. Cuz I know how it SHOULD work, and it DOESN'T bear any resemblance to what happens at the BM today. Primarily because there's no Time=Money factor. That changes things. Quick.

Repeat last statement. Wash, rinse, repeat.


Dai-San: "You Not true Mu, you fake Mu. Me want Mu Mu, not you Mu." ~in response to I7
Dai-San: "You point, me smash." Brutz rulz 101
Sig Truncated

 

Posted

Quote:
Originally Posted by EvilRyu View Post
Just for the record I need to say this, I do not care as much as I did when this crap first started happening simply because I avoid the market at all possible cost, right now its just used for storing stuff since they got rid of the 60 day rule on active accounts. True enough I may miss out on an easy source of inf but I refuse to contribute to the market greed. I would sooner destroy the recipe or give it away to some one who actually needs it then to feed this problem and make it worse.
Hey Ryu, it was good doing the TinMage TF with you last week. But I have to say, you may be looking at all this the wrong way. If you don't want to add to the problem (you see) of the market, then DESTROYING SUPPLY, isn't the best way to go about fighting it.

I know, you don't believe Supply/Demand is relevant as an argument since you think things like A-Merits should negate the supply issue. The problem is, you assume everyone is going to use those merits to flood the market. More than likely, most people use it to avoid the market without placing those items there. This means supply doesn't really change. Supply/Demand is still the issue for the prices you see.

Low bids and patience is all anyone needs to navigate the market if they want to pinch pennies.


@Rylas

Kill 'em all. Let XP sort 'em out.

 

Posted

Quote:
Originally Posted by Quasadu View Post
It's justified because that's what people are willing to pay. I don't know why that's so hard to grasp.

Let me ask you this. If you think Luck Charms (and possibly Alchemical Silvers?) are being manipulated and that is the cause of the "unreasonable" price, then why isn't that happening to ALL common salvage? What makes Luck Charms and AlSil more susceptible to manipulation like this than anything else?
Perhaps their freakishly common appearance in almost all useful recipes? Oh, and the fact that they've been that price since they were fixed that way YEARS ago by what again? Oh yes, BM Borkers. The BM Borkers have won that market because they adamantly refuse to budge on the asking price. I've creeper bid, I've let a toon sit on bids of 1k increments up to the 50k mark, JUST to see if I could get one that cheap. I can't. Why? Because the sellers at 150k already have a lot of bids out there to buy up anyone trying to undercut them. It's gotten so one sided on some items, that there really IS no other option than to try your luck on a roll, do some low level content, or find SOME OTHER means to acquire one. But the BM? Pffft, not happenin, not for less than 150k per.

In fact, actually, why doesn't everyone just take a break and read up on DeBeers and why diamonds are so expensive. Quick summary? They only release so many to the market a year, just to keep the prices high. They are literally sitting on hundreds of tons of diamonds, just sittin on them, why? To make sure they control BOTH supply and demand. And that's a helluva gig lemme tellya.


Dai-San: "You Not true Mu, you fake Mu. Me want Mu Mu, not you Mu." ~in response to I7
Dai-San: "You point, me smash." Brutz rulz 101
Sig Truncated

 

Posted

One of the most critical flaws in Ryu's thinking is the core assumption that everyone else shares his priorities. He's got a strong personal objection to paying what he considers "too much" money for stuff on the market, so he does other stuff instead. He completely cannot see that other people can earn enough money so fast that what he considers "too much" is just not that scary to them, and they'd rather fork out 100+M than run 20 tip and two alignment missions.


Blue
American Steele: 50 BS/Inv
Nightfall: 50 DDD
Sable Slayer: 50 DM/Rgn
Fortune's Shadow: 50 Dark/Psi
WinterStrike: 47 Ice/Dev
Quantum Well: 43 Inv/EM
Twilit Destiny: 43 MA/DA
Red
Shadowslip: 50 DDC
Final Rest: 50 MA/Rgn
Abyssal Frost: 50 Ice/Dark
Golden Ember: 50 SM/FA

 

Posted

Quote:
Originally Posted by Cully View Post
In fact, actually, why doesn't everyone just take a break and read up on DeBeers and why diamonds are so expensive. Quick summary? They only release so many to the market a year, just to keep the prices high. They are literally sitting on hundreds of tons of diamonds, just sittin on them, why? To make sure they control BOTH supply and demand. And that's a helluva gig lemme tellya.
Do we really have to explain to you the difference in DeBeers diamonds and Alchemical Silvers? You know, the part where no one player can actually control the supply, and to absorb the supply of all the people actually producing them takes a metric crapton of real-world time? And how in that same metric crapton of time, you could probably make 100x the profit selling one large item that takes way less attention?

Do you know that DeBeers has had to lower their prices on diamonds several times because there are other suppliers that did not exist when they formed their cartel?


Blue
American Steele: 50 BS/Inv
Nightfall: 50 DDD
Sable Slayer: 50 DM/Rgn
Fortune's Shadow: 50 Dark/Psi
WinterStrike: 47 Ice/Dev
Quantum Well: 43 Inv/EM
Twilit Destiny: 43 MA/DA
Red
Shadowslip: 50 DDC
Final Rest: 50 MA/Rgn
Abyssal Frost: 50 Ice/Dark
Golden Ember: 50 SM/FA

 

Posted

Quote:
Originally Posted by Cully View Post
Market mechanics: I'm retired at 32, from playing markets (actually getting lucky in my early college years but hey, sometimes you ARE the first person to get a Panacea to drop) Anyway, sound investment strategy and actual marketeering bore out the next ten years and I'm burnt out on it..
Read my post again. I'm talking about market mechanics as in how the market actually implements transactions.

Your post was based on the idea that the market matches highest buy price to highest sell price when it actually matches highest buy price to lowest sell price. Hence you do not understand the market mechanics.

Understanding the actual economic implications of this is not particularly relevant to my point (although I have my own opinions on your knowledge there). As a side note, I'm the King of England (ok, fine I'm Prince Consort).


 

Posted

Quote:
In fact, actually, why doesn't everyone just take a break and read up on DeBeers and why diamonds are so expensive. Quick summary? They only release so many to the market a year, just to keep the prices high. They are literally sitting on hundreds of tons of diamonds, just sittin on them, why? To make sure they control BOTH supply and demand. And that's a helluva gig lemme tellya.
Alchemical Silver and Luck Charms can be produced by anyone and everyone, without even trying. So you cannot compare it to the real world example of diamonds, because I cannot go out and make a diamond any time I want one with skeeball tickets.

Quote:
Originally Posted by Cully View Post
Perhaps their freakishly common appearance in almost all useful recipes?
And that is sufficient to make them easy to manipulate, but not sufficient to make them naturally more expensive?

Quote:
Oh, and the fact that they've been that price since they were fixed that way YEARS ago by what again? Oh yes, BM Borkers. The BM Borkers have won that market because they adamantly refuse to budge on the asking price.
You can prove that market manipulation set these prices, and not normal supply and demand, how?

Quote:
I've creeper bid, I've let a toon sit on bids of 1k increments up to the 50k mark, JUST to see if I could get one that cheap. I can't. Why? Because the sellers at 150k already have a lot of bids out there to buy up anyone trying to undercut them.
And how is it, exactly, that some ebil marketeer was able to buy everything up at cheap, yet your cheap bids don't fill? Hax? Or you just didn't wait long enough?

Edit to add: And how do you demonstrate that the lowest bids that do fill are from ebil marketeers, and not just folks who want to craft stuff?


@Quasadu

"We must prepare for DOOM and hope for FREEM." - SirFrederick

 

Posted

Quote:
Originally Posted by Cully View Post
So.. I put up 5 (Insert craptastic recipe here) for 500mil a piece, then log into an alt with an email infusion of cash handy, and artificially inflate the price of said item to 500m per, while paying myself to do so, only missing out on the transaction costs, BUT, i have now just set the price for this recipe at 500m to everyone else that gets to see it. Now, taking those 5 recipes I turn around and put them back up on the market (after having just bought them from myself) and sell them again, this time to a poor sap that actually thinks that's just the price he's gonna be forced to pay cuz well... obviously 5 other people had to as well....

Now do this for a week.
Go right ahead and do this. I bet it won't play out the way you've described.


The Cape Radio: You're not super until you put on the Cape!
DJ Enigma's Puzzle Factory: Co* Parody Commercials

 

Posted

Quote:
Originally Posted by Hydrophidian View Post
Go right ahead and do this. I bet it won't play out the way you've described.
I agree with this and also would add a request to please document with screenshots and a description of what you did and what the results were.


@Quasadu

"We must prepare for DOOM and hope for FREEM." - SirFrederick