Best way for me to get $$$

[wwoneo]

Originally Posted by August [You must be logged in to view images. Log in or Register.]

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!

Bringing fluidity to the market is the same bullshit excuse they gave to stockmarket supercomputers. However, P99's economy is not the same and it doesn't work in favor of the market. Also, if it was REALLY necessary to bring more fluidity to the market they could always reverse the non-global /auction change they made way back when the server pop. was much lower than it is now. That would provide increased fluidity without artificially inflating prices with resale transactions.

[Celatus]

Originally Posted by August [You must be logged in to view images. Log in or Register.]

If you have the concept of a 'lowball' offer then you're not any different than a tunnel quester, you're just not as persistent or consistent.

If you have a FBSS and you're trying to get 9k for it, you are a tunnel quester. If you would accept 7k, you just want to get rid of it and get out of the tunnel.

RE: Inflated prices - they are what they are. We keep prices relatively stable. You think we hurt everyone by keeping prices high? What about people who are selling items? Do you think they want their items they camp to decrease in value? Two sides to every coin. It's about providing a consistent market of goods by stabilizing prices around accepted values. Too much inflation, or too much deflation, is bad for any economy.

Lmao you are so full of it bro. thanks for the giggle.

[Kreylyn]

Ah, the flip sides of the coin...

the "how is SHOULD work" vs "how it DOES work" arguments.

Krey

[wwoneo]

Originally Posted by August [You must be logged in to view images. Log in or Register.]

RE: Inflated prices - they are what they are. We keep prices relatively stable. You think we hurt everyone by keeping prices high? What about people who are selling items? Do you think they want their items they camp to decrease in value?

Just because their items would devalue doesn't mean you use scrupulous means to increase their value. Also, it only changes it in terms of nominal value and NOT real value (L2 economics).

For example... Hypothetically, do you think it's ethically correct for someone to hack accounts and destroy fungi tunics to drive up the price of their own fungi?

Don't mess with an economics major, we'll theorycraft your arse all day son.

[August]

Originally Posted by wwoneo [You must be logged in to view images. Log in or Register.]

Just because their items would devalue doesn't mean you use scrupulous means to increase their value. Also, it only changes it in terms of nominal value and NOT real value (L2 economics).

For example... Hypothetically, do you think it's ethically correct for someone to hack accounts and destroy fungi tunics to drive up the price of their own fungi?

Don't mess with an economics major, we'll theorycraft your arse all day son.

The word is 'unscrupulous'. And I don't see what point you are trying to make. Do you think me buying a FBSS for 7k is unscrupulous?

If someone is willing to sell it for 7k, and i'm willing to pay it, what is the problem exactly?

Also guys, I don't flip items. I buy black sapphires and make jewelry on a pre-determined margin to make my cash. I find it much easier than flipping.

[loramin]

Originally Posted by indiscriminate_hater [You must be logged in to view images. Log in or Register.]

someone needs to add SK treants to that. amazing pp for that level

Done, thanks for the suggestion!

[Kreylyn]

I think you guys might be surprised just how stable the economy really is, not only for this server... but in comparison to live servers prior to Velious release.

Krey

[wwoneo]

Originally Posted by August [You must be logged in to view images. Log in or Register.]

The word is 'unscrupulous'. And I don't see what point you are trying to make. Do you think me buying a FBSS for 7k is unscrupulous?

If someone is willing to sell it for 7k, and i'm willing to pay it, what is the problem exactly?

Also guys, I don't flip items. I buy black sapphires and make jewelry on a pre-determined margin to make my cash. I find it much easier than flipping.

To be frank, I actually don't care that people flip items. However, I'm going to play devil's advocate to prove a point.

In the EQ economy there are no regulations to adhere by so I'm going to use an analogy.

The world's richest people come together and buy up the world's entire water supply and artificially cause limited supply by increasing the price 300%. Does this scenario sound unethical to you?

The point is that there are no regulations in place within EQ, and resellers are causing people to struggle without water.

[Blizze]

53 nec should be soloing HS basement all day to get spells and hit 60. You can start doing wings 55ish.

[fadetree]

Early on, I flipped items for about 5 months, made a ton. The people I bought from were happy. The people I sold to were happy. I was happy. Whats the problem?

The world's richest people come together and buy up the world's entire water supply and artificially cause limited supply by increasing the price 300%. Does this scenario sound unethical to you?

They wouldn't do that, because its retarded. Selling LOTS of stuff cheap makes you far more money than selling a few items really expensively. Plus the 'rich people' have to police each other to keep person a from secretly undercutting person b, and it would get nasty fast. See OPEC for more info. Besides that, you can't actually buy all the water in the world ( or any other commodity ) all at once, you have have to deal with production issues. Besides all that, when the thousands of thirsting poor people come kick your ass, you won't be making ANY money. Any evil 'rich person' would have the brains to avoid all that, and invest in politicians instead. Which is what they do. It's a ridiculous example. 'Rich people' don't sit around on piles of gold chortling evilly, they *INVEST* that shit. Gold is fucking useless anyways. So are most politicians, but yeah.