Destroying the economy?
Hell_rayzer - Heavens Tear
Posts: 141 Arc User
Are these "Sales" actually helping everyone out or is it just a way to make the game more money?
Couple examples/ _
1)Sales increase price of gold from 110 to a peak of 140k
2) Mounts are harder to sell due to people wondering whether new mounts will be available on the coming tuesday.
3)During Sales everyone is mostly buying only the sale items and neglecting other items.
Thoughts?
Couple examples/ _
1)Sales increase price of gold from 110 to a peak of 140k
2) Mounts are harder to sell due to people wondering whether new mounts will be available on the coming tuesday.
3)During Sales everyone is mostly buying only the sale items and neglecting other items.
Thoughts?
Post edited by Hell_rayzer - Heavens Tear on
0
Comments
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I'm kinda pissed that they overlapped the last few sales(keeping gold prices at 120k+).Currently flying internet spaceships around dodixie, moving to amarr soon.
Send me a mail if you wanna ask/request anything
Sanctuary's retired king of wizards alongside queen Saintblu.0 -
Yeah, items tend to be overpriced atm and the economy has become unbalanced. Special sales=FAIL100% Free to Play: +12 G16 axes, +12 G16 Fists,full +10ed armor
You registered on: 2008-08-26 18:12:33
Two Words: Old School
Barbmaster: Literally - 23.6k hp BM, 19.8k hp BM, 33.3k hp Barb
Shiniest BM/Barb aroundb:cute
I check the PWI homepage for fail new updates/greed salesb:laugh0 -
What you are forgetting is it is up to us as a community to set prices. For instance, people sell gold at 130to 140k because you are paying it. QUIT paying that and the prices will drop. Same with everything else. It comes down to supply and demand.
As per the sales, a lot of their items are overpriced anyways. This has beens something discussed repeatedly in the forums. Maybe they are trying to see what kind of reaction they get out of an ongoing sale. If more people are buying (and I suspect they are) because prices are cheaper. If they are doubling their profit at that price compared to the old price they would be plain stupid to change what is making them more money. Not to mention I love having 300k gold charms in game opposed to 4-450k charms.
Sales are a way to also help us the buyers, afford things when we can. For instance, if I bought mats I'd stock up on them this week. And hoard them as long as I could til I really needed to use them. As people also do with the charms.
Ruining the economy? I doubt it.
But go back to the night before bikinis went on sale. I had a pure black worth around 4 mil, next day worth around 1mil. Call that justice? Nope... Smart on their part? Kinda. 100's of happy chicas wearing hot looking bikinis at affordable prices, ABSOLUTELY.[SIGPIC][/SIGPIC]0 -
I gotta agree with Witch... This is keeping gold prices high, and if gold is hard to sell, then PWI is making less money off of card sales. >.>0
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BratFury - Heavens Tear wrote: »What you are forgetting is it is up to us as a community to set prices. For instance, people sell gold at 130to 140k because you are paying it. QUIT paying that and the prices will drop. Same with everything else. It comes down to supply and demand.
.
Well part of the Strategy is to make the people think that buying the sale item will make them Richer or Better.. SO their will always be people who are easily persuaded..0 -
I haven't bought 1 gold in weeks. I will buy again WHEN prices come back down. They will just give it time. Also I am sitting on all the sale items so I can sell them at the inflated pricesSpoons you will forever be missed in this community0
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Hell_rayzer - Heavens Tear wrote: »Well part of the Strategy is to make the people think that buying the sale item will make them Richer or Better.. SO their will always be people who are easily persuaded..
No matter what people think, it doesn't change what is. If suddenly everyone quit buying gas for a week and refused to buy it, the prices would plummet. Why? They are sitting on gas and need to make a profit even if small its better than not selling any at all.
Same applies here. If you have 100 ppl trying to sell gold @140k... after a day of no sales they will lower the price. Another day.. lower it again. Until its finally selling.
QUIT buying it. When I started the going rate was 100k. That was around the last day of december of 08. In less than 6 months its skyrocketed 40k per gold. So if the consumers set a demand: Ok we aren't buying gold unless its priced at 110k or less... it would force the sellers to come down or be stuck with it.
The fact remains, if you are buying it at 140k, they will keep selling it for that.
Can't say as I blame them if you are buying it!!!!
So lets boycott! Starting after maintenance if no one buys gold for more than 120k persay... it will go down.. and down... til sellers get the message![SIGPIC][/SIGPIC]0 -
I gotta agree with Witch... This is keeping gold prices high, and if gold is hard to sell, then PWI is making less money off of card sales. >.>
You've got it backwards. High Gold prices make it more attractive for people to buy Zen because they get more coin for their Gold.
The cost of Gold goes up because there are too many people in the game with coin and not enough people buying Gold with cash.0 -
Viper_girl - Heavens Tear wrote: »You've got it backwards. High Gold prices make it more attractive for people to buy Zen because they get more coin for their Gold.
The cost of Gold goes up because there are too many people in the game with coin and not enough people buying Gold with cash.
I would agree with this statement almost 100%. Greed also plays a small factor
[SIGPIC][/SIGPIC]0 -
Viper_girl - Heavens Tear wrote: »You've got it backwards. High Gold prices make it more attractive for people to buy Zen because they get more coin for their Gold.
The cost of Gold goes up because there are too many people in the game with coin and not enough people buying Gold with cash.
yes exactly what im saying the sales are just a gimmick to make people want to buy Gold which in turn is affecting the whole community in a negative way.0 -
Hell_rayzer - Heavens Tear wrote: »yes exactly what im saying the sales are just a gimmick to make people want to buy Gold which in turn is affecting the whole community in a negative way.
How is it really negative? It helps some people and it hurts some. End sum = even.
People with Gold it helps, people who play the market it helps, people who don't lose a little. Kinda like real life.0 -
Hell_rayzer - Heavens Tear wrote: »yes exactly what im saying the sales are just a gimmick to make people want to buy Gold which in turn is affecting the whole community in a negative way.
Ok so if the problem is that not enough people are purchasing and reselling zen, wouldn't a "sale" help taunt people to buy more zen? Rather than affect the "economy" negatively sells should do 2 things. Make the sale items cheaper in game, and make the gold prices go down. In theory.[SIGPIC][/SIGPIC]0 -
I guess I forgot to factor in the not-so-common sense factor, as well as the stupidity of people thinking that if gold is over priced, that they still HAVE to buy it.
People were spamming WC on HT when the Dragon orb sale came out, "BUYING GOLD FOR 200k! PM ME PLZZZZZzzz!!!1"
It was disgusting, and a show of just how stupid people are, they aren't going to make that 100k per gold back off of d-orbs, they aren't going to gain anything off of it really, except MAYBE so higher + on gear.
A boycot would never work, FYI, people as a whole are either too stupid, stubborn, or lazy to orginize themselves to do such a thing. Player opinion rarly matters unless it's a Pay to play game. ^^
Trust me, been there, done that, played LOTS ot Free and pay to play games.0 -
I guess I forgot to factor in the not-so-common sense factor, as well as the stupidity of people thinking that if gold is over priced, that they still HAVE to buy it.
Hammer down! You just hit the cyberspace nail on the head!
People think they "HAVE" to buy it. Hello... cs items are luxuries not needs. I won't say I never enjoy the luxuries. But I refuse to buy gold over 110k. Guess how much I've bought lately at that price Ding ding ding! None!!
So for all those paying 120+k for gold... ding ding ding you are the next contestant on the naive and gullible show![SIGPIC][/SIGPIC]0 -
They're gimmicky, of course, but they bring cash into the game and thus keep it free.
Otherwise, we'd all be paying-- or not even playing at all.
So I'll deal with a "bad economy" in game if it means more sales to keep the game running.0 -
People were spamming WC on HT when the Dragon orb sale came out, "BUYING GOLD FOR 200k! PM ME PLZZZZZzzz!!!1"
It was disgusting, and a show of just how stupid people are, they aren't going to make that 100k per gold back off of d-orbs, they aren't going to gain anything off of it really, except MAYBE so higher + on gear.
If something is 1/2 off and the regular price of Gold is 110K, Breakeven to purchase that cash shop item is 2x110K ie. 220K
So no it isn't stupid. It may be impatience and they could save by waiting, but it is no different from buying it later when the sale is over at full price with an exchange rate of 110K.0 -
i want to know why people are actually voting No ? Explain pls?0
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I voted do not care,because i really don't care,ty ty.Quit 100%...and surprised my forum account wasn't banned...yet0
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lol OP has ancient boa mentality, NEW MOUNT OR SALE DOES NOT =/= PROFIT, its not like theyre meant for you to 'invest' in a new mount or sale only to sell it later! sales boost the economy by making things cheaper for us, and get more coins passes through the econ :P. same goes for gold, more people buying it irl the better0
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This isn't true.BratFury - Heavens Tear wrote: »No matter what people think, it doesn't change what is. If suddenly everyone quit buying gas for a week and refused to buy it, the prices would plummet. Why? They are sitting on gas and need to make a profit even if small its better than not selling any at all.
To the supplier, it makes no difference if you buy it this week, or the next. At the end of the day/week/month, you've purchased the same amount.
The only difference would be if you cut your consumption, thus actually affecting quantity. Otherwise, you've done nothing.
You can believe me, I have an economics degree! b:mischievous
...fine, don't believe a random internet stranger. b:sad
Do some research yourself and see what other economists say. b:chuckle0 -
Most of this was TL;DR but i do agree, these sales are meant to raise gold prices and make people wanna just buy gold with $. I mean , look at the sale this week, the only items that non-cash shoppers mine and sell to make a decent profit have been halfed in value.0
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Well i disagree, while the gold prices are high, the catshops prices havent really increased that much. Personally I like sales, because they raise the price of gold, I can make more coin if i charge $10 and sell it through the auction house than I can if I charge $10 and buy items to try and sell... I check prices daily... they've actually been on decline the last few days, but a few weeks ago I sold 10 gold at 170k each.... worth much more than if i bought an item from the cash shop and tried to resale for profit.0
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Imagine what would happen to gold prices if they made the gold trading section of auction house more intuitive/user friendly. As it is right now I believe half - three quarters of all players have no idea how to exchange their coin for gold. I doubt they deliberately make the AH gold trading difficult just to sell zen, but certainly there would be more buyers if they knew how. The supply/demand dynamics would shift if it became ezer. Now the big question is, is this a negative thing? Or would this be a positive correction in the market?
Personally I believe the whole hype over destroying the economy by having sales is just a selfishness issue. The items you want to buy are not on sale. If they were you would see the sale as a positive.[SIGPIC][/SIGPIC]0 -
DarkYin - Dreamweaver wrote: »This isn't true.
To the supplier, it makes no difference if you buy it this week, or the next. At the end of the day/week/month, you've purchased the same amount.
The only difference would be if you cut your consumption, thus actually affecting quantity. Otherwise, you've done nothing.
You can believe me, I have an economics degree! b:mischievous
...fine, don't believe a random internet stranger. b:sad
Do some research yourself and see what other economists say. b:chuckle
All the economist that advised the polititians that messed up the economy also had economics degrees.... so what is your point?
In a pure capitalistic sociaty, which PWI is, unlike the real world, the laws of supply and demand work very well, and the prices tend to be "fair prices". The only thing that throws off the equation in PWI is that there are no storage costs associated to holding on to items, therefore there is no cost to wait, that on some of the sales, there is a "chance" to get something cool. (which changes the value of the items being sold)
Back on topic, if people stopped buying gold at high prices in AH, two would happen. The market would get flooded with Boutique items, since those people selling gold would switch to selling Boutique items, and the price of gold would drop.
However, the equilibrium would eventualy step in, once the boutique items prices dropped bellow a certain point, people would stop selling the items, so that woud force others to buy gold, which in turn would force the prices of gold up again, and so on, and so on , and so on.
The one smart thing PWI did was adding "bonuses", to raise the "value" of a sale. Look at the charms. The reason people are willing to take a hit and only sell them for 300k each, instead of the 400-500k is because "there is a chance to get something cool if you buy the packages". This messes up with the concept of balance quite a bit.Too often we loose sight of life's simple pleasures. Remember, when someone annoys you, it takes 42 muscles in your face to frown, BUT, it only takes 4 muscles to extend your arm and slap that mother#$@%#^! upside the head.0 -
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IceJazmin - Heavens Tear wrote: »The only thing that throws off the equation in PWI is that there are no storage costs associated to holding on to items, therefore there is no cost to wait, that on some of the sales, there is a "chance" to get something cool. (which changes the value of the items being sold)
The one smart thing PWI did was adding "bonuses", to raise the "value" of a sale. Look at the charms. The reason people are willing to take a hit and only sell them for 300k each, instead of the 400-500k is because "there is a chance to get something cool if you buy the packages". This messes up with the concept of balance quite a bit.
There is a storage cost associated with holding things.
1) having to buy more inventory or bank space (or the inconvenience of multiple alts)
2) the fact that most people can't afford to sit on millions of coins worth of stuff. I often see people dumping their "cache" at below market to get coin/gold quickly.
3) The risk that another sale will come along and destroy your cache.
The bonus is no different than a surprise Freebie you get in a RL sale. There is a value to it and it is eventually priced by the market. It doesn't mess anything up.0 -
You guys complain about a 120k+ gold price? Hell, Harshlands has 180k+ as the regular price now.[SIGPIC][/SIGPIC]
Perfect World IRC:
Server: irc.deltaanime.net
Channel: #pwint0 -
Gold Prices are a Joke on Harshlands, We've seen them peak at anything up to 220k in the last few weeks, It was never cheap here though with the lowest price at around 150k - Some of the sales are good and push things forward but at what cost?
I was gutted when the other new mount came out just weeks after the NeinBeast and 10 gold cheaper! At least they didn't ruin the flying mounts...... actually ain't we due some new ones soon? Were still waiting for the Elf and Untamed equivalent of the Human mount that came out months ago,
/Akah0 -
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Sales destroying the economy? I would have to say no. It's actually helping it move along. There has been several good posts I have read and here is some key points to look at:
1. PWI needs to make money. That's a fact. How else can they keep the servers, pay employees and the game running?
2. If you boycott the AH and do not buy gold, do you honestly think people will continue to buy zhen and sell for less? Especially since it looks like most people are unwilling to spend real cash in this game. If you did, you would be buying zhen and selling them at higher rates to make your so called "profit."
3. Have you seen the number of people who are actually selling gold in AH? I can tell you that the list of gold on there is very limited compared to the number of people playing on the server. Only during a sale that has a good item and gold prices go higher do you see more people willing to sell gold.
So I say go on with your sales PWI. I have no complain about a company doing what it needs to keep itself in business. I will enjoy the game, buy gold when the prices become reasonable, and wait for the sale of the items I want.
Well that's my two cents for the day.0
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