Trading Post price limits.

Trading Post price limits.

in Black Lion Trading Co

Posted by: dbouma.2810

dbouma.2810

Everybody has there own problems with the prices that some items have gotten to these days.

Prices are extremly high for some items, to high to me and most people.

Making people farm as any other MMO to make gold.
Something I recall Guild Wars 2 wanted to avoid.(Farming that is)

There is allready a minimum sell price for items on the trading post.
Why not set a maximum?

20 x the vendor price?

sounds resonable I think.
this ables for some prices that are to low to go up and prices way to highto go down.

just a thought, up to you people to make it happen, or make a better plan.

Trading Post price limits.

in Black Lion Trading Co

Posted by: Ursan.7846

Ursan.7846

Everybody has there own problems with the prices that some items have gotten to these days.

Prices are extremly high for some items, to high to me and most people.

Making people farm as any other MMO to make gold.
Something I recall Guild Wars 2 wanted to avoid.(Farming that is)

There is allready a minimum sell price for items on the trading post.
Why not set a maximum?

20 x the vendor price?

sounds resonable I think.
this ables for some prices that are to low to go up and prices way to highto go down.

just a thought, up to you people to make it happen, or make a better plan.

Dawn has like what, a 4s vendor sell price?

You want Dawn to be sold at 80s?

Obviously you would need to increase vendor prices then. How high?

Why not just let the market dictate price then (the system currently), instead of arbitrarily setting limits?

Trading Post price limits.

in Black Lion Trading Co

Posted by: CassieGold.7460

CassieGold.7460

When you set a hard limit, and demand exceeds supply you get problems

Let’s make an example out of Charged Lodestones. The demand is high enough that they trade at 3g+, but let’s say you set a hard price of 1g, so they’re ‘more affordable.’

The community quickly burns through the supply, because of the artificially low price.

Then everyone starts putting in buy orders at the price cap. Buy orders are fulfilled First In / First Out.

Now you can no longer pay more to get the item you want faster, you can simply wait in line for your buy order to be fulfilled. We will stop having posts saying “Charged Lodestones are too expensive, they need to drop more so the price comes down!” and instead have posts saying “The wait to get my buy orders filled is too long, they need to drop more so I can actually get some.”

Limiting the price will not help an issue that is based on the limited supply.

LVL 80’s: Thief / Warrior / Guardian / Mesmer

Trading Post price limits.

in Black Lion Trading Co

Posted by: dbouma.2810

dbouma.2810

then set the limit only for mats. Not weapons?

Trading Post price limits.

in Black Lion Trading Co

Posted by: dbouma.2810

dbouma.2810

When you set a hard limit, and demand exceeds supply you get problems

Let’s make an example out of Charged Lodestones. The demand is high enough that they trade at 3g+, but let’s say you set a hard price of 1g, so they’re ‘more affordable.’

The community quickly burns through the supply, because of the artificially low price.

Then everyone starts putting in buy orders at the price cap. Buy orders are fulfilled First In / First Out.

Now you can no longer pay more to get the item you want faster, you can simply wait in line for your buy order to be fulfilled. We will stop having posts saying “Charged Lodestones are too expensive, they need to drop more so the price comes down!” and instead have posts saying “The wait to get my buy orders filled is too long, they need to drop more so I can actually get some.”

Limiting the price will not help an issue that is based on the limited supply.

yes that is true now I think of it. Thanks

Trading Post price limits.

in Black Lion Trading Co

Posted by: Ursan.7846

Ursan.7846

then set the limit only for mats. Not weapons?

I mean, it’s the same thing. Elaborate totems vendor at 13c. They sell at the market right for like what, 20s? The price is dictated by the supply and demand.

Look at the flipside though. Why are you punishing people who wants to sell these mats they earned? Trade is a two-way street. For every buyer, there’s a seller.

Trading Post price limits.

in Black Lion Trading Co

Posted by: Snoring Sleepwalker.9073

Snoring Sleepwalker.9073

When you set a hard limit, and demand exceeds supply you get problems

Let’s make an example out of Charged Lodestones. The demand is high enough that they trade at 3g+, but let’s say you set a hard price of 1g, so they’re ‘more affordable.’

The community quickly burns through the supply, because of the artificially low price.

Then everyone starts putting in buy orders at the price cap. Buy orders are fulfilled First In / First Out.

Now you can no longer pay more to get the item you want faster, you can simply wait in line for your buy order to be fulfilled. We will stop having posts saying “Charged Lodestones are too expensive, they need to drop more so the price comes down!” and instead have posts saying “The wait to get my buy orders filled is too long, they need to drop more so I can actually get some.”

Limiting the price will not help an issue that is based on the limited supply.

That is one possibility. The other is that people will bypass the price cap. For example, GW1 limited the price of any item to 100,000 gold because you couldn’t carry any more, thus you couldn’t stick any more than that into the trade window. Players quickly decided to use other high value items as currency to bypass the gold limit.

GW2 has trading via mail. Since that already involves trusting the other player to send what they promised you, it’s not much of an extra step for the player paying for the item to send their payment across multiple mails. So the limit will still be bypassed.

For many items, trading by mail will be the only option. So ANET will have to deal with more scammers after forcing everyone to use it over the trading post.

Trading Post price limits.

in Black Lion Trading Co

Posted by: CassieGold.7460

CassieGold.7460

When you set a hard limit, and demand exceeds supply you get problems

Let’s make an example out of Charged Lodestones. The demand is high enough that they trade at 3g+, but let’s say you set a hard price of 1g, so they’re ‘more affordable.’

The community quickly burns through the supply, because of the artificially low price.

Then everyone starts putting in buy orders at the price cap. Buy orders are fulfilled First In / First Out.

Now you can no longer pay more to get the item you want faster, you can simply wait in line for your buy order to be fulfilled. We will stop having posts saying “Charged Lodestones are too expensive, they need to drop more so the price comes down!” and instead have posts saying “The wait to get my buy orders filled is too long, they need to drop more so I can actually get some.”

Limiting the price will not help an issue that is based on the limited supply.

That is one possibility. The other is that people will bypass the price cap. For example, GW1 limited the price of any item to 100,000 gold because you couldn’t carry any more, thus you couldn’t stick any more than that into the trade window. Players quickly decided to use other high value items as currency to bypass the gold limit.

GW2 has trading via mail. Since that already involves trusting the other player to send what they promised you, it’s not much of an extra step for the player paying for the item to send their payment across multiple mails. So the limit will still be bypassed.

For many items, trading by mail will be the only option. So ANET will have to deal with more scammers after forcing everyone to use it over the trading post.

Which is another valid reason that TP price limits would be bad. Putting pressure on sellers to move into a ‘grey market’ would be bad for everyone. At least in GW1 you had person to person trading so you had a significantly lower risk of getting scammed.

LVL 80’s: Thief / Warrior / Guardian / Mesmer