Can you all please stop ruining the economy

zman81420

rroadwarrior#3554 said:

First of all, you have no clue as to what the word, "economy" means. In any true economy, prices go up and down..i.e. look at housing prices over the last 10 years. I'm not going to go into any more details, as you will learn this in

"collage"

by taking an economy class. I guess they don't teach economy in high school anymore.



What you are trying to do is called, "Price Fixing". This is illegal in the United Staes, because it would upset our economy.

This? Pee'd a little.

gavinstorm2

Laughing because of the thread i started chill out

s4v10rx

imho i encourage every1 to lower the price of those item they r selling on auction house as that will help other gamers playing this game to upgrade their gs score. not a lot of people can spend $3k to $5k on their character and their baddest and greatest gear, artifact, enchantment and etc especially those that is living in other currencies where their currency is much lower than the U.S and for those pay 2 win gamers, really encourage you to help others by selling their enchantment and artifact from their crafting at lower price due to the limited amount of gear drop that is not bound and the amount of astral diamond u can make in a day without grinding it like crazy

kclowe

People who have large amounts of AD control the market to a point. One has to take into account that if an item is priced high and out of reach of the economic standings of the player base than it will not sell. The longer said item does not sell, by nature the lower the pricing will go. So the people with alot of AD only have as much control over value as does the ability of the players have to come up with the amount AD a particular item is priced at.

Theres 4 types of under cutters in my view.

1- people who undercut by one or a few AD so they are at the top of the list and hopefully will get bought first. (I often buy the persons who was up the longest in these cases.)
2- people who undercut by 5% or so. They want to make there item look like a good deal by seperating their price from the pack a bit.
3- people who feel the other prices are priced to high and actually want to sell theirs so they price at 5-25% cheaper.
4- people who are desperate for AD at the moment and drop the price substantially to get someone who didn't want or need the item to buy because its just that good of a deal to pass up.

Number 3 are the under cutters that can mess up the price of an item the most. But they do not ruin the value. Because value takes into account demand and the value will always stabilize the price back to where it should be in time.

sharpassassin1

kclowe said:

Theres 4 types of under cutters in my view.



1- people who undercut by one or a few AD so they are at the top of the list and hopefully will get bought first. (I often buy the persons who was up the longest in these cases.)

2- people who undercut by 5% or so. They want to make there item look like a good deal by seperating their price from the pack a bit.

3- people who feel the other prices are priced to high and actually want to sell theirs so they price at 5-25% cheaper.

4- people who are desperate for AD at the moment and drop the price substantially to get someone who didn't want or need the item to buy because its just that good of a deal to pass up.



Number 3 are the under cutters that can mess up the price of an item the most. But they do not ruin the value. Because value takes into account demand and the value will always stabilize the price back to where it should be in time.

From my experience you're only cheating yourself by using #3 or #4.....if the market appears stable and prices are tight I can knock 1 AD off the price and have the item sold before I log off. It's human nature to pick the lowest priced item (even if it's 1 AD) so there simply isn't a need to drastically undercut the market to sell an item within a few hours.

gavinstorm2

sharpassassin1 said:

kclowe said:

Theres 4 types of under cutters in my view.



1- people who undercut by one or a few AD so they are at the top of the list and hopefully will get bought first. (I often buy the persons who was up the longest in these cases.)

2- people who undercut by 5% or so. They want to make there item look like a good deal by seperating their price from the pack a bit.

3- people who feel the other prices are priced to high and actually want to sell theirs so they price at 5-25% cheaper.

4- people who are desperate for AD at the moment and drop the price substantially to get someone who didn't want or need the item to buy because its just that good of a deal to pass up.



Number 3 are the under cutters that can mess up the price of an item the most. But they do not ruin the value. Because value takes into account demand and the value will always stabilize the price back to where it should be in time.

From my experience you're only cheating yourself by using #3 or #4.....if the market appears stable and prices are tight I can knock 1 AD off the price and have the item sold before I log off. It's human nature to pick the lowest priced item (even if it's 1 AD) so there simply isn't a need to drastically undercut the market to sell an item within a few hours.

^^^^ THIS is why i started the thread this is what i have been saying lol ty. There is absolutely no need to undercut by more then 5%. No reason.

randomdigits

If I come and see that dragon eggs/unified elements/GMOPs suddenly went to cost 100K AD because someone decided to buy off a lot of them an hour ago - and I need to sell one now - I'm not going to post one for 99,999 AD only to find out 3 days later that my item is still among the most expensive ones since 500 people undercut me since then - and lose my posting fees. I would post it at the last known stable price.

Otherwise, when I need to post an expensive item I usually look at the prices for the items which were sitting in AH for at least a few hours - and I undercut those - not the lowest price of a moment.

zman81420

It is hard to believe no one is blaming Obama for this lmao!?

rockstargfu

Dungeons prices will steadily drop, "Lashing Blade" Undercuts dont help but not the main effect

Amount of ppl that initialy wanted them and had the mad money at beginning of mod 6 were only ppl buying 700k-1.5m

Now that there demand has dropped because that phase pasted and you only buy the items ounce

We are into the phase of more ppl buying items from what they can actually scrounge out of mod 6

Anything 400-500k+ ppl are slowly saving up for, or in terms of like enchants, they are making there own with reduced marks and easy RP access

theungodly

I don't care about the prices on drops. As said: supply and demand. Few items = high price and vice versa.
If you wanna buy stuff - low prices is good. If you wanna sell - high prices is good ...so ...yeah. A moot point really.

One thing i don't understand tho is people who undercut profession items. If you buy and/or use assets worth 40000 AD, spend the time creating something and then sell it for 20000 AD ...that's pretty bad business

rayrdan

this has to be a joke...stuff is worth the price is selling for, no more no less

fastandfrivolous

For some reason, it brings to mind cracked.com/blog/the-5-most-absurdly-expensive-items-in-online-gaming/

deadnewb

gavinstorm2 said:

So i put a horn of blasting in the trade house around 450k which i thought was strange because just about 1-2 weeks ago it was 700-800k but i put it for 450k anyway. 10 minutes later there are 5 more listings under me for like 350k and 300k. This is the type of HAMSTER that ruins the economy and for those of you that do this can you please stop if something is worth 1 mil and you put it in the tradehouse for like 600k can you please stop

i hate to tell people but its not people trying to make quick ad that list lower when you put up a item its people trying to controll a item in the trade house... the reason why there are 3 more items in trade house way lower than yours after you post is that they are trying to get you to lower your price a massive ammount so that they can buy it up at a reduced cost so in turn they can buy it out and relistit it at a higher price down the road

sharpassassin1

deadnewb said:

i hate to tell people but its not people trying to make quick ad that list lower when you put up a item its people trying to controll a item in the trade house... the reason why there are 3 more items in trade house way lower than yours after you post is that they are trying to get you to lower your price a massive ammount so that they can buy it up at a reduced cost so in turn they can buy it out and relistit it at a higher price down the road

Sounds like a horrible strategy for earning AD's.....typically these items are immediately bought so you're taking a major gamble by hoping that others will post at your set price prior to someone buying your items out. The fact is when I see three or four of an item well below market value (factoring in TH fees) I snatch them up and repost for an easy profit. There is simply NO reason to try to artificially control the market on the low end.....if you have the AD's to control the market you're doing it on the high end by buying everyone out and posting at the level you feel the item is worth.

raymond00713

@wanderingkyng pretty much already summed it up. The item drops now. It didn't before. People at this point own it and aren't buying. Yours gets undercut because it's sitting for too long.