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simple test to prove that the dil ro zen exchange is not player driven.
tuckerpb2sto1
Member Posts: 13 Arc User
go to the sell zen. and put a sale up for less then the lowest one listed. you will see that it will automatically give you the dil for the highest dill amount listed. so this proves that it is not player driven, or do you still really believe that only 5-6 playes are the only ones selling zen. also they bought 500-600 dollars worth of zen each to sell.
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In other words, Cryptic doesn't want you accidently selling 5k zen@25:1, when the going rate might be 250:1, just because you missed a 0!
Praetor of the -RTS- Romulan Tal Shiar fleet!
dont know if your offer will be changed or it will remain hiden until it reach desired price.
and if you put REALY nice amount of zen to market you will realy see that market price changed acordinly.
btw, top 5 (or 6?) offers you see are not sellers, those are offers from multiple sellers/buyers (theoretically from 1 to infinity)
also, few months ago, i placed offer to buy 500 zen for 240 dil. it's still there. last time i saw 240 on the list, there were 200k+ zen in that offer... if you have 200k zen at hand and place it for 240 dil, you will sell it instantly, no matter what is the lowest offer on the list. can't say if you will get highest price for your zen though
there are many offers there (hidden) from players placed long time ago or players that are waiting for price to drop (or raise)
Somebody's selling Zen at...
400
401
402
403
404
Somebody's buying Zen at...
399
398
397
396
395
So you come along to sell some Zen, and seeing that the highest buy order price is at 399 - to prove that it is not player-driven, you decide to sell your Zen at 394.
You end up getting 399 Zen. Oh noes, you say, it's obviously rigged! I should have only gotten 394 Dil per Zen!
No, you got the best deal that was available...cause somebody was paying 399 Dil for Zen and you got it.
Too bad one can't buy common sense on the Exchange, eh? /facepalm
There are two side of a transaction; ASK and BID. ASK is the minimum price the seller is willing to sell their stock at. BID is the maximum price the buyer is will to pay for the stock.
For example, let's say the current stock price of Intel is $34. You do not wish to pay that much, so you put in a BID for $32 which you believe is a fair price. Let say I have Intel stock, but I am not willing to sell it unless it reaches $36. At this point in time nothing happens between the two of us; $34 is too expensive for you to buy and is too low for me to sell. Then suddenly Joe comes into the picture. He wants to dump his Intel stock for whatever reason and he sets his ASK price to $30 which is below the current $34 stock price. The trade system instantly matches Joe's ASK with your BID and the transaction is completed. Because your BID price was $32, you bought the stock for $32 which is the maximum price you are willing to pay. Joe got more than he wanted because his ASK price (minimum sell price), your maximum buy price and he got $32 instead of $30 for selling his Intel stock.
To put that into the context of the Dilithium Exchange, if you put Zen on sale for 225 dilithium (your ASK price) and the lowest price on the exchange that someone wanted to buy Zen for is 235 dilithium (the BID price), then your Zen would have sold for 235 dilithium which is above the price you were willing to sell for.
Yes, it's more of an auction type thing, you're posting Zen at the lowest acceptable price (like mine bid for an auction) and then receiving what the people with dill will part for it, with a little bit added as a dil sink to the buying price in dil on dil sellers to act as a push against immediate market speculation.
It only effects zen, it will not allow selling of zen, below the market values listed, that is why it defaults to the going value of 399. Because a higher offer was made and, it won't let you sell below listed market values.
zen can only sell by your example, 395+ and, not 394 and below. Only dilithium can be offered, in such a vast difference to the listed market values listed, hence why we can trade dilithium between characters at as little as 25:1.
Cryptic designed their system, so that zen sellers [rl $ trades] always get the best value atm and, not accidently undercut themselves either on purpose or, by accident.
So, you are technically correct!
Praetor of the -RTS- Romulan Tal Shiar fleet!
^This. And when buying zen if you list your price for more than the lowest price you'll get the lowest price automatically. In case you *added* an extra 0 by mistake.