My ebil, manipulative, marketeering ways
And thus the reason that some people want better ways of obtaining items. The market is too easily manipulated by people. I've been saying it for months, only to have people act ignorant and call me a liar and say that the market can't be messed with. And that someone can't make the prices go up and down because it's all supply and demand. BS. Time to eat that crow. Oh yea, i guess the market really wasn't messed with (by only 1 person at that)and i imagined this post. lmao.
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eryq... You don't get it.
Of COURSE people can, in the short term, flood the market with an item or buy a ton of them up. |
Pretty much anyone can mess with the market if they feel inclined. And by "the market", I mean "one item or very few". If someone is messing with an item that you want, COME BACK LATER. There's a sucker born every minute. If someone is manipulating an item and you shell out millions for a piece of junk salvage because you need it NAO, then YOU ARE THE SUCKER.
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I love how the ability of one or two people to force hugely expensive items down to 10 inf is taken as evidence that there is nothing individual buyers can do to avoid paying too much, because marketeers set prices.
You can always LOWER prices by ADDING stuff. You can make stuff by punching people.
This.
Pretty much anyone can mess with the market if they feel inclined. And by "the market", I mean "one item or very few". If someone is messing with an item that you want, COME BACK LATER. There's a sucker born every minute. If someone is manipulating an item and you shell out millions for a piece of junk salvage because you need it NAO, then YOU ARE THE SUCKER. |
I KNOW I'm being stupid. To make myself feel better, if I even have to do so, I consider that there is a person on the other end of that deal who is ZOMG HAPPY to get that "windfall" of 2,000,000 for their whatever salvage and I'm happy for them! I feel like I lose more to x10 order of magnitude typos than anything else so maybe that is another reason this works out for me in that I don't accidentally pay 20,000,000 or something if I'm not re-typing bids constantly.
Maybe this just seems like gross excess to folks but my version of "marketeering" is "Play and sell everything that drops for 1 inf." And yes, sometimes I lose out. Yesterday I got a purple that sells, crafted, for 150,000,000 in the last 5 but I crafted it and listed it for 1 and only got like 50,000,000. Oh Noes!
I want to help on the Alchemical Silver pro bono arbitrage but I've noticed the outstanding bids have only dropped from about 13,500 bids to 13,300 over the course of the day. Maybe we can all stack up a bunch and dump them together somehow? What are the chances our fellow ebil marketeers are taking advantage of this community redevelopment effort?
when i get a spare hour or 2 in the day ill ticket farm AE see if i cant procure a few alchemical silvers i reckon in an hour i could get maybe 500 or so? Should be an interesting experiment :P
*gets out the popcorn*
[Union Chat]Sebaddon: If you want to, we will, if you think it's weird, no, that's damz, not us.
[Union Chat]Damz: hey cyber, i am your naked pope for the evening, please confess to me my child
I wanted to clear alchemical silver bids the other day, but walking back and forth from the AE plus deleting other kinds of salvage you get doing common rolls is such a hassle I gave up quick. Even with superspeed and superjump, it takes longer to drop stuff on the market than to actually generate it.
... Vill-side, that is. Being a stinkin' hero would probably help, what with Atlas' WW being about four feet away from the AE ticket guy.
(Edit: scratch that, Mercy BM is just as close.)
I21 can't come soon enough. Increased salvage capacity, /ah...
Of course, if there's a concerted effort, it'll be much more interesting. Gonna roll 25-40 arcane salvage from now on.
Ping cleared about 1000 yesterday by "reverse-flipping".
I have cleared about 1500 between yesterday and today by doing the same
Thank you, Champion.
Ping cleared about 1000 yesterday by "reverse-flipping".
I have cleared about 1500 between yesterday and today by doing the same |
Can you imagine this?
Marketeer has lowball bids on Alchemical Silver.
Marketeer wins Alchemical Silver with said bid.
Marketeer re-lists Alchemical Silver for a profit.
Marketeer renews his lowball bid on Alchemical Silver.
You buy Alchemical Silver from Marketeer.
You re-list Alchemical Silver for lowball prices.
Marketeer re-lists that Alchemical Silver for a profit.
LoL
Can you imagine this? Marketeer has lowball bids on Alchemical Silver. Marketeer wins Alchemical Silver with said bid. Marketeer re-lists Alchemical Silver for a profit. Marketeer renews his lowball bid on Alchemical Silver. You buy Alchemical Silver from Marketeer. You re-list Alchemical Silver for lowball prices. Marketeer re-lists that Alchemical Silver for a profit. |
Okay, quick history lesson.
Humans did not always live in cities. When we lived in jungles, big animals ate us. Because of this, humans have a 40k year history of learning to run away from something that MIGHT be a panther, because of the following chart: Run away, panther: Maybe live Run away, no panther: Live Don't run away, no panther: Live Don't run away, panther: Die What this means is that, if you're human, you will jump at shadows. You will perceive life and intent where there is only coincidence. This includes the surreal paranoia about the market we keep hearing. |
Hmm Financial Panther, eh....
Get him Sheba!!!
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StainedGlassScarlet - L50 Spines/Inv Scrapper | Badges: 1,396
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On a related note, I got tired of Alc silver so I crashed the price of steel last night, it might be back up by now, haven't looked in 12 hours.
The more people I meet, the more I'm beginning to root for the zombies.
Sold 346 alchemical silver. Levelled a brute to 24 doing this (not a super-optimized farming build, just a map tuned to reward axe/fire, which I actually enjoy playing). About halfway through, I sold one and a half stacks for 165k each, netting me several million. Which helps, because the only contribution this character has gotten from my others was a force feedback proc for whirling axe. The rest is all self-funded... And that entirely from selling alchemical silvers and a few recipes I picked up while rolling bronze to get a kismet proc.
Still, progress! It looks like it usually takes me about 188 rolls to get 30 alchemical silver -- a little high, but not unbelievably so. (Interestingly, I've never yet gotten 30 alchemical silver in UNDER 180 rolls. Total is 346 alchemical silver out of 2,152 rolls.)
Here's *my* evil jacking-up-prices story.
I was clearing out my inventory on a 50 redsider. Vendored off all the Arcane commons except two Rubies, because I know there's always a shortage of those. Put Rubies on the market asking for the incredibly high price of 400 inf. That is a net profit of 360, or 110 inf more than I'd get by selling it to a vendor.
Both rubies sold a moment later, 400k each, for a total of 800k.
Not long after, I heard someone Cap Broadcast go "wft why are rubies so expensive" and someone else blaming "cheaters".
So, there you go. I am one of those people who profit from extremely high Salvage prices.
Character index
Once upon a time, everyone loved to complain about the price of Luck Charms. They're used in low level accuracy IO's, so everyone just had to have them. Amazingly, this item that everyone just had to have was also expensive: maybe 50k each. Which is *far too much* for low level casual players to ever afford. There was much wailing and gnashing of teeth.
A bunch of us got together and started hoarding Luck Charms. We farmed like crazy. This was before AE, so we mostly went into Dark Astoria and tried to max out our ZPM (zombies per minute). I still have an ice blaster around here somewhere who spent many hours freezing Hellions in Perez Park.
The plan was to pile up so many that we could satisfy every outstanding bid all at once.
Avatar: "Cheeky Jack O Lantern" by dimarie
I antiflip Rubies all the time. Leave up stacks of bids at 123 inf, list them all at 1 inf. I have gotten upwards of 600k for a stack.
Note that there can be an hour or two during which there is a supply listed at 1 inf and this still happens.
I think I'm about ready to concede. I can't even make a DENT in the bids on alchemical silver. I've dumped 440 of them so far, and the prices are GOING BACK UP.
Lets see what i can do to alchemical silvers this afternoon....3060 for sale 10609 bidding
Im rich because you trust the previous 5 bids!!
My market signature is the highest bid!!!!
ive just put up 40 that i had lying about i really think this is an impossible task considering most people will be bidding low hoping to cash in flipping them on this experiment :@
[Union Chat]Sebaddon: If you want to, we will, if you think it's weird, no, that's damz, not us.
[Union Chat]Damz: hey cyber, i am your naked pope for the evening, please confess to me my child
By the time im done with them they will be sittin on stacks of worthless salvage ; D
So far ive fulfilled every bid on Demonic Blood Samples, Runes, Ancient Bones, Masterwork Weapons and Spell Inks.
Dropped the Alchemicals buying price from 25,000 to 13,000 already.
10,241 bidding, 3264 for sale. Chipping away
Im rich because you trust the previous 5 bids!!
My market signature is the highest bid!!!!
By the time im done with them they will be sittin on stacks of worthless salvage ; D
So far ive fulfilled every bid on Demonic Blood Samples, Runes, Ancient Bones, Masterwork Weapons and Spell Inks. Dropped the Alchemicals buying price from 25,000 to 13,000 already. 10,241 bidding, 3264 for sale. Chipping away |
Deamus the Fallen - 50 DM/EA Brute - Lib
Dragos Bahtiam - 50 Fire/Ice Blaster - Lib
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Formally Dragos_Bahtiam - Abbreviate to DSL - Warning, may contain sarcasm
My favorite part of this forum? I do something stupid and meaningless, others do similar but more impressive, stupid and meaningless things to participate in the craziness. This makes me smile.
RagManX
"if the market were religion Fulmens would be Moses and you'd be L. Ron Hubbard. " --Nethergoat to eryq2
The economy is not broken. The players are
So, got bored, did some pummelling. Long story short, thanks to my suddenly larger salvage capacity, was able to dump about 300-400 alchemical silvers on the market.
A few stacks went for 65k, got down to maybe 30ish, then the last couple hundred were all at 75k.
Come on, guys! More help sell silvers!
Was working on unquenched flames, but I appear to have irritated people in trying to quietly do that, as outstanding bids have more than tripled since I started and supply is up less than double. My attempts to quietly interfere have made poor casual purple warshades up their bids from 50K to 300K to buy-it-na0!
Not sure what to hit next, but found about 3 billion I forgot I had while I was using some rarely used alts yesterday and today. That means I have a little extra to funzies with. Probably look for something with double-digit millions pricing and see if I can get it to single-digit millions. RagManX |
And you....buy all these and sell them for far less? Am I understanding that correctly?
So, when I cash my hero merit in for a random roll, instead of getting 5 recipes where 1 or 2 might be worth about 40 mill, and the others only 10 mill, because of you, They may all cost more to craft than the selling price.
This is fun for you? What's the point? Because I don't get it.
"Most people that have no idea what they are doing have no idea that they don't know what they are doing." - John Cleese
@Ukase
The market is so big that one person by themselves will probably not be able to change anything. Just go to AE and keep your commons for yourself And your influence/infamy. I use to pay the price for outrageous commons once. Then I started eating AE tickets and realized there was no point. If everyone did this I am 100% certain that the demand would go down greatly on these lol commons.
Kill the enemy. Take their souls. Drink their blood.
I just sold 200 Alchemical Silvers tonight. Each was placed with a 5 INF asking price. Each got over 50,000 - 250,000 INF in actual buys.
There are about 13,000 bids out.
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