Guild Wars 2

So I was wondering how we could prevent gold sellers from rising the precursor price on the TP. So I came up with a timer on trades. Like: you list an item in the trading post and it has x hours to be sold. If no one buys it, you retrieve it and loose the the listing fees.

Now how would this affect the precursor market, would it lead to higher or lower prices?

(edit:)
you guys are not focused, it would obviously affect the whole TP, but I’m just asking what would happen to the precursor market
also this is not a suggestion, otherwise it would be in the Suggestions sub forum
i just wanna discuss economy

It would affect the whole TP. Basically if you put in a stac k of ori on a sunday evening for 3.18 silver and you get undercut by 1 copper with 5k ori-ores, you wont sell and as prices drop during the week, you will lose the fees.
Apply this for every mat, every exotic that isnt sold very fast every expensive colour and so on.

In my opinion they should make legendaries 5k gold or more to discourage ppl to get them. Just look at your petition/question. The 0.0001% of the playerbase that is generating 50 threads a day about precursors is egocentric enough to ask for the silliest things just because their greed for a legendary blindfolds them.
Dont take it bad, I am not referring specificly to you, but all this threads about precursors are sickening.

That kind of defeats the purpose. It’s not an auction (I’m not TRYING to say that it’s not WoW’s auction house, I’m trying to say that it’s not a place where) you list something to get sold within X amount of time. This would also ruin the majority of the system for the lower-end players that are smart enough to use the system but not abuse it.

I know that I usually just do an “overnight sale” type system where I put up my stuff and expect it to sell by morning. In some cases, markets will change and they will take upwards of a week to sell, but they will sell. If they made a system like that to combat inflation, it would hurt a lot of players.

My profits are small margins, sure I’m making upwards of 1g a trade (6-15g since I work in bulk), but if they were to implement something like that, my profits would go from 1g to ~40s in some circumstances. Other times, I may actually lose money, making the TP useless for me.

Additionally, when I had first hit 80 and was not running dungeons, I was making profits of about 3-15s a trade. If a system like this were to go in place, my profits would not have been happening at all since it would have been too risky.

The whole point of the TP is:

• I want to sell X for Y.

• He wants to buy X for Y.

• Black Lion Trading Company is gives my X to him for his Y.

It’s not a:

• I want to sell X for Y.
• X did not sell, now I must re-list it.

I dunno, I’m not making sense anymore, I need to sleep. Bye.

Gold sellers are not rising the precursor prices. Buyers paying them are rising it.

This would lead to lower prices since people would prefer to sell right away and not risk losing the selling fee.

Not sure why you are tying this to just precursors when this would impact all items on the outpost.

Actually it worked perfectly fine in Aion in my point of view. If you set your prices too high no one bought it, and after 7 days (maybe 10) you got your item back and lost the listing money. This kept prices on a realistic level.

Not sure how would this work in GW2s BLTP.

Me and a guy had a pretty heated discussion about this the other day. He was for a similar system as the OP. In his opinion it would base the entire market on demand rather than “market manipulators.”

I believe a system like this would punish sellers way to much and encourage buy orders only. Buy orders are the reason something like this will not work. Other games with a time limit didn’t have buy orders iirc. We disagreed because fundamentally I don’t think of the trading post as just a place to exchange gold for items but rather as something to be played for profit.

Could a economist major please shed his/her opinion on this?

A system like this would lead to lower sell prices, to a first order approximation. The shorter you make the duration a listing will stay active, the more it will lower prices. Similarly, the higher the volume of an item, the less it will affect prices.

As long as the duration of the listing is several times longer than the average time to sale of an item, it shouldn’t make a big difference – people generally don’t list their mithril ore to sit on the trading post for a month. It would mostly be disruptive to the precursor and legendary markets, where you are already taking a non-trivial risk making a sell listing in the first place.

I can see value in this having a sufficiently long duration that it’s mostly there as a garbage collection mechanic; with a short duration, this sort of mechanic would cause more damage via increased risk and volatility, which makes people distrust the trading post and averse to selling.

trane.4569:

Now how would this affect the precursor market, would it lead to higher or lower prices?

Both. It creates more volatility. This is why the TP system is superior to the traditional AH.