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Exchange undercutting is getting ridiculous
shinnok918
Member Posts: 312 Arc User
the purpose of the exchange and a player driven economy is always competition. I want to get the most for what I'm selling, while making sure it sells, while also getting a good deal on what I'm buying. The issue isn't so much on the buying side - for lockbox items a not bad price for not having to burn dil/zen on keys all the time isn't bad if the price is right. The issue is the selling. I pulled a kit item (choose your pain. I know it's a trash item but still) and went to check the price on the exchange. Once I did so I checked the NPC store to see what it would sell for there. I found out the NPC would pay me MORE than I could post the item on the exchange. In fact I found another of the same kit on the exchange posted for less than the NPC store pays, so I bought it off the exchange and sold it to the NPC store for a profit. The undercutting is getting ridiculous at this point. I know price fixing will raise the price of everything but still....I wouldn't mind getting a better return for burned keys and a bad pull from a lockbox.
Note: this isn't the first time this has happened and it won't be the last. this is just the first time I've posted on it. I think.
Note: this isn't the first time this has happened and it won't be the last. this is just the first time I've posted on it. I think.
Post edited by baddmoonrizin on
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The opposite can also occur on the exchange. The Discovery Constitution is a ship that lots of people want to buy and very few people want to sell. It's also a lot more rare and therefore sells for a very high price. Supply and demand also is at work there. Complaining about either scenario is like complaining about the temperature of the sun. Complaining isn't going to change anything because it's a fact of life that it exists. It's up to you to navigate the economy as best you can so you can get the most out of it.
l don't know.
l really don't know what l'm about to say, except l have a feeling about it.
That l must repeat the words that come without my knowledge.'
So, the actual complaint is that there are arbitrage opportunities that you've taken advantage of, but you want them closed? or that
"the purpose of the exchange and a player driven economy is always competition. I want to get the most for what I'm selling, while making sure it sells, while also getting a good deal on what I'm buying. The issue isn't so much on the buying side - for lockbox items a not bad price for not having to burn dil/zen on keys all the time isn't bad if the price is right."
You have admittedly garbage items that you're not being allowed to sell at a high price because other people are also flooding the market with the same trash item, so are discounting heavily to sell.
In many ways, the Exchange functions nearly as well as a stock exchange. "Value" is only the amount someone else is willing to pay. If you follow particular markets (I follow the market for crafted upgrades fairly closely), you'll find that over time, prices stabilize around certain price points for items and extremely high or low prices are aberrations that cause a short-term blip.
There are also differences in pricing strategies for players who play the exchange and those who are simply selling one-off items.
I didn't say it was malicious. I said it was getting out of control.
Welcome to Capitalism at work (in game of course).
PWE ARC Drone says: "Your STO forum community as you have known it is ended...Display names are irrelevant...Any further sense of community is irrelevant...Resistance is futile...You will be assimilated..."
the issue (for those of you not really understanding) is literally that the prices on the exchange means players trying to sell on the exchange are LOSING money. as for the idiot who said I fail economics, I understand it perfectly. which is why I called what I was talking about 'price fixing'
When people don't respect the top tier currency, the whole shebang falls to pieces. -- I mean, all BS aside: you're giving real money away at under 200Dil per Zen. Dil ore is easily available, all your buyers are doing is loging in daily to convert 8000/8500 refined. Which you are doing too. -- So seeing this enormous inequity, constitutes as a con.
Zen should NEVER be less than 200Dil each, at bare minimum. Thats the math.
The only way for the devs to fix it, is to create a standard "Zen to Refined" conversion (from your own ore pool); because it's now impossible to reach everyone, on every platform, in order to standardise this. -- if they even listen. -- either that, or remove the ability for Refined sellers to set prices. Only Zen sellers should set the price to be perfectly honest.
Fix the inequity with Zen and you pretty much fix the entire economy within a few weeks.
l don't know.
l really don't know what l'm about to say, except l have a feeling about it.
That l must repeat the words that come without my knowledge.'
Absolutely nothing wrong with the economy on any platform. It's mainly player supply and demand. You want a high ratio of Dil, then get more Dil on the exchange whilst lowering the Dil incoming. FYI 275 is the ideal balance, not 200. Your math is well off. This has nothing to do with 'respect' or an implied inequality or broken economy. The economies off all platforms are monitored by Cryptic.
No.
Zen sellers want to trade money to save time. Zen buyers want to trade time for money. The exchange is set by supply (both sides) and demand (both sides).
The price is fair on both sides because Cryptic does not directly interfere. They do interfere indirectly to soak up excess dilithium using the Phoenix pack event.
You wanting to pay less on either side (less zen or less dil) is your want. The person on the other side of the exchange has the exact opposite want. Cryptic treats both sides equally by NOT fixing the exchange rate to some arbitrary value.
Item sales on the exchange for EC are the same way: supply and demand sets the price. If a price has dropped below the price of vendoring something that is the market's way of telling you it's worthless junk.
This will never happen. All of the zen on the exchange comes from players giving Cryptic money. Cryptic wants that money so they can pay salaries and keep the servers running.
Or, it's a new player who doesn't realize they can sell it to an NPC vendor and get a higher price. (Seriously, some think the price you get for Discarding is the only way other than the exchange to 'sell' stuff for EC. They don't know that any Vendor at their Faction Hub will pay more then a Discard.)
PWE ARC Drone says: "Your STO forum community as you have known it is ended...Display names are irrelevant...Any further sense of community is irrelevant...Resistance is futile...You will be assimilated..."
If someone else wants to operate below market value, why is that your problem? All the relevant data are easily and publicly available - you can sell to a vendor at a certain price, so if someone's selling it on the Exchange for a lower price, you can, if such be your wish, purchase from the Exchange and sell to a vendor for a profit. And since there's no charge for listing items on the Exchange, the original seller gets the EC they asked for, meaning you both profit, which is a rare situation in this world. Try to enjoy the wonder of a for-real "win-win".
This soo much.
Hello rubber banding my old friend, time to bounce around the battlezone again, where are all my bug reports going?, out of love with this game I am falling, As Cryptic fail to acknowledge a problem exists, Shakes an angry fist, And from Support all I'm hearing are the sounds of silence.
If players sell it that cheap then maybe they just stick everything up and can't be bothered checking vendor prices...who cares. Just sell your stuff to a vendor then. The market doesn't need to be adjusted. Current prices for items on the exchange (on Xbox anyway) are currently at ridiculously high levels, I've seen people selling blue weapons for 100's of thousand of ec that would had gone for less than 50k less than a year ago...it's amazing the way prices have skyrocketed lately.
The Salvage system for re-engineering added at the end of 2017 (start of 2018 for consoles?) got people to destroy a lot more items instead of selling them, making rare and very rare loot drops sell for more because the supply went down.
With all the credits from Admiralty and Endeavors I stopped selling gear and salvage it when that Endeavor comes around or when some character needs to re-engineer gear.
> ltminns wrote: »
>
> Go to a Bartender (not yours on your ship). They pay 50% and not 40% like most Vendors. Also the Ground Equipment Vendor in the Dyson Ground Battlezone Command Center also pays 50%.
>
>
>
> Or, go talk to a bartender - as long as you're buying and not visibly drunk, they're paid to listen to you complain about whatever dumb thing crosses your brain.
>
> If someone else wants to operate below market value, why is that your problem? All the relevant data are easily and publicly available - you can sell to a vendor at a certain price, so if someone's selling it on the Exchange for a lower price, you can, if such be your wish, purchase from the Exchange and sell to a vendor for a profit. And since there's no charge for listing items on the Exchange, the original seller gets the EC they asked for, meaning you both profit, which is a rare situation in this world. Try to enjoy the wonder of a for-real "win-win".
What are you talking about? I'm not advocating putting stuff on the Exchange for less than its Vendor value. I don't care what others do and it's not my problem at all, but if someone is going to Vendor items, I am pointing out which Vendor would provide the most return.
l don't know.
l really don't know what l'm about to say, except l have a feeling about it.
That l must repeat the words that come without my knowledge.'
l don't know.
l really don't know what l'm about to say, except l have a feeling about it.
That l must repeat the words that come without my knowledge.'