Quote:
Originally Posted by August
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Whether you realize it or not the people that do this are the reason the economy stays stable and is the reason that not everyone has to sit in the tunnel all day long. The idea of a floor price where it will get bought up by resellers helps guarantee items value over the course of time and prevents huge slumps. It gives the illusion of demand when supply is high as people will hold items without use intentions.
A lot of people don't understand that price is not always the main motivator for selling an item. It's demand for that item that sells it.
Let me illustrate - say it's 2 AM and you think that price alone will sell the item. You auction FBSS for 10k, no biters. You think, OK, too high, FBSS - 9k. However it's 2 AM and nobody that's on is a reseller or wants to buy the FBSS. Now it's 4 AM and you're selling FBSS for 50pp please somebody buy it!
That type of devaluation would occur all the time without a reseller market to stabilize the price. If I see a FBSS for 6k i'm snatching it up immediately because I realize that people WILL PAY more than that for it, at some indefinite time if I allow some of my wealth to become tied up in an item.
You're welcome!
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No what resellers do is perpetuate inflated prices. They help no one but themselves. I don't care even if they have great prices the leather assed tunnelquesters of which im sure most of you know wont get my business.