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Federation Economy in Recession

SystemSystem Member, NoReporting Posts: 178,019 Arc User
lol sorry for the dramatic title but...

Just wanted to say that I love the fact that the Federation economy is in recession due to the changes to the exchange. It's amazing what a difference a simple feature like "sort by price" can do to an economy.

Thanks to that and a few other changes the prices of most items has fallen by about half across the board because the market is becomming more competitive.
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  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    OTOH, I've made more off the Exchange this week than in the previous month, and I did so without even playing any arbitrage or hoarding games.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    It would seem that people actually pricing to sell are doing rather better business now.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    Atwell wrote:
    lol sorry for the dramatic title but...

    Just wanted to say that I love the fact that the Federation economy is in recession due to the changes to the exchange. It's amazing what a difference a simple feature like "sort by price" can do to an economy.

    Thanks to that and a few other changes the prices of most items has fallen by about half across the board because the market is becomming more competitive.


    I to love this option
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    syberghost wrote: »
    OTOH, I've made more off the Exchange this week than in the previous month, and I did so without even playing any arbitrage or hoarding games.

    And that's why you sell more. Before your stuff was placed on page 17 :) between a 10000 hypo and a 20,000 phaser

    changes are great
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    ...yeah... but a lot of the stuff i would want to put on the exchange (mostly green and blue stuff) is allready avaible for less then what the replicator gives me for it, at least that's how i feel.

    My sales are worse now.

    Not that i would care.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    it's true some items have now come down below the minimal resale price to an NPC vendor but that only shows that the estimated value of an item by the computer is inflated compared to the actual quantity being looted in game.

    This is alright considering that the estimated value of some other items is too low considering the chances for them to drop. So while an item thats' 7k may drop so much that it's selling for 3,400 which is less than half because it drops so much, you've also got some things like type X phasers which are estimated to be worth about 20k selling for 100k, because they drop less often and are in high demand. It's all good.

    The estimated value is really there just to give you an idea of how much you can make off an item if you sell to an NPC vendor, not really what the actual supply/demand curve would dictate.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    I finally sold my underpriced, lower tier weapon drops. I was getting "Auction sold" emails on things I put up over a month ago.

    Was nice.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    Prices have gone down, but I suspect I can make more money now than ever before - since stuff is actually affordable for people! (and they see the stuff that I put up weeks ago that were already set to fair prices... Though I should probably revisit a few items now that the prices become more reasonable.)
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    I made enough credits to buy 4 more RA Tier vessels - so, yeah, thanks exchange improvements.

    Now, if someone would just buy my reasonably priced consoles, I'd be ready to purchase the Advanced Escort - the only one I've been reluctant to buy. :D
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    I've actually made credits recently by finding the lowest priced items, then finding out what vendors will pay. When vendors pay more, I buy and sell to them!
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    Adrasil wrote:
    I've actually made credits recently by finding the lowest priced items, then finding out what vendors will pay. When vendors pay more, I buy and sell to them!

    Yeah. I did that a bit too. Even before the exchange changes.

    Some stuff is just sooooo common. Heh.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    Atwell wrote:
    lol sorry for the dramatic title but...

    Just wanted to say that I love the fact that the Federation economy is in recession due to the changes to the exchange. It's amazing what a difference a simple feature like "sort by price" can do to an economy.

    Thanks to that and a few other changes the prices of most items has fallen by about half across the board because the market is becomming more competitive.

    Correction:

    For a "recession" to occur the game would have had to have two successive economic cycles of slow performance. An economic cycle is one quarter. One quarter is three months. For a recession to occur, inflation would have to be low, and business profit would have to be low as well.

    The game was in a state of inflation. Business profit was high because a significant amount for people had significant amounts of cash. Because enough people were willing to pay extremely high cost to obtain a good, then inflation would be the only result.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    superchum wrote: »
    Yeah. I did that a bit too. Even before the exchange changes.

    Some stuff is just sooooo common. Heh.

    I would not suggest this as a solution. My buying and selling policy is this:

    I list an item on the exchange for one week. If the item has not sold in that time, I take it off and sell it to the vendor for whatever price the vendor gives. I list all exchange prices at the suggested value price. If you craft and item and then post it, that will yield around 26% profit margin. Which is about 357 credits in most cases.

    Items that I find as loot that I retail on the exchange usually sell for 100 percent profit if I list them at the value price.

    I list all anomalies at 100 credits each, so a stack of 50 would be 5,000 credits.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    I would not suggest this as a solution.

    When I say I did that, I meant ... I found the item being sold for less than half its value. I bought it. I walked it over to a vendor in requisitions. And sold it. And kept the profit.

    It's much much much easier to see people posting items for less than what a vendor would give them now, since the exchange sorts by price.

    It was still pretty easy to find them before though. Like fishing. It was almost a mini-game.
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    hmmm...didnt help the schelp who paid 450k for my rare dual heavy's MkVIII yesterday.......and I like that =)
  • Archived PostArchived Post Member Posts: 2,264,498 Arc User
    edited May 2010
    another useful strategy that i have employed is the reselling of items to gain profit. It's a risky venture sometimes but if you know what items to look for it can be very profitable. Hate to sound like a Ferengi.

    Basically find an item that only has about five or six items listed and see if there are one or two items that are dramatically lower than the others. Then buy those items and price them accordingly.

    I did this with some type IX phasers. There were 8 listed with the uncommon features, all but two of them were priced at 350k and over. The other two were at 25 and 40k. So i bought those two and repriced them at 100k. Within 24 hours they both sold and I made out like a bandit just for buying and reselling.
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