No, you can’t lose money you never had from an activity you never did.
You’re debating game economics but you don’t even know what opportunity cost is.
you lose money farming silk, if you would have made more money farming something else.
No, you can’t lose money you never had from an activity you never did. What you want to say is that you make more money doing an activity that gives you more valuable mats. You don’t LOSE money farming, ever. Even the most worthless item can be sold for money, exceeding your cost of farming, which is a couple of WP costs. You might think that’s just arguing a pedantic point but that distinction is important because your being purposefully misleading by telling people they lose money even though farming is the least risky and cost free activity you can do to earn gold.
What you don’t realize is that if people who are farming go off and ‘not lose’ money doing other activities, that’s less mats in the market … I won’t go into how that would impact the price of those mats because you still don’t understand you can’t lose money farming.
What you consider worth farming or not isn’t relevant but the fact you seem to think farming is a waste of time sows you lack of understanding of the market, how players impact supply and demand, it’s affect on prices and finally, how farmers optimize their money-making opportunities.
The self-regulating aspect that players have on the market isn’t flawed because demand affects price. Farming is lucrative for those people paying attention to those signals. To suggest this is completely out of the control of players shows a significant lack of understanding for this aspect of the game. If I see linen is at 8s … I know EXACTLY where to go to farm it. Any good farmer does.
you are missing the point.
the point is that most materials are supplied unintentionally.
i already explained how this works, but you dont really understand so there is not much more i can tell you.
I’m not missing it, I’m ignoring it because it’s not relevant. Unintentional or not, the market is self balanced by players supplying to those that want materials. The market is intrinsically balanced because of supply and demand. A clever farmer observes how this affects prices, farms and sells accordingly to maximize their returns.
(edited by Obtena.7952)
No, you can’t lose money you never had from an activity you never did.
You’re debating game economics but you don’t even know what opportunity cost is.
You can’t debate at all if you don’t understand the definition of ‘loss’.
NO one has ever lost money farming and selling their goods. The investment to farm is the lowest for any gold making activity, the return for selling goods is something more than this. Unless someone is an imbecile, the return on the goods farmed is greater than the investment. If anyone attempts to farm and loses money, I question their ability to play the game at all. This game is designed for people to make money farming because it is the fundamental entry point for making gold.
(edited by Obtena.7952)
Opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility should also be considered opportunity costs.
~from Wiki
HOWEVER, attributing a value to your time is an entirely different topic.
No, you can’t lose money you never had from an activity you never did.
You’re debating game economics but you don’t even know what opportunity cost is.
You can’t debate at all if you don’t understand the definition of ‘loss’.
NO one has ever lost money farming and selling their goods. The investment to farm is the lowest for any gold making activity, the return for selling goods is something more than this. Unless someone is an imbecile, the return on the goods farmed is greater than the investment. If anyone attempts to farm and loses money, I question their ability to play the game at all. This game is designed for people to make money farming because it is the fundamental entry point for making gold.
Wow………just wow………….
There were so many legitimate counters to that, but that was not one of them. Take a look what Smooth said right after you.
To be fair Essence, while Opportunity Costs are a valid economic discussion, you would then need to argue what those costs are in the first place.
No, you can’t lose money you never had from an activity you never did.
You’re debating game economics but you don’t even know what opportunity cost is.
You can’t debate at all if you don’t understand the definition of ‘loss’.
NO one has ever lost money farming and selling their goods. The investment to farm is the lowest for any gold making activity, the return for selling goods is something more than this. Unless someone is an imbecile, the return on the goods farmed is greater than the investment. If anyone attempts to farm and loses money, I question their ability to play the game at all. This game is designed for people to make money farming because it is the fundamental entry point for making gold.
Wow………just wow………….
There were so many legitimate counters to that, but that was not one of them. Take a look what Smooth said right after you.
I did … it’s not a ‘COST’ for me to choice one way to MAKE money over another. Opportunity cost is being thrown around like a catch all. It’s a very nice, interesting and ACADEMIC discussion. You can argue pedantics if you like. I’m past that. The fixation on how I’ve somehow missed it is a diversion from the nonsensical statement that was made indicating that players don’t control the market.
well the biggest flaw in the whole market self balance idea, is it depends on people creating supply purposefully, which by and large doesnt happen in this game.
Let me bring people back to this. It’s wrong and it’s fundamental to many of the ideas being held by alot of the people that cry about how disadvantaged everyone is because of the TP. People create supply every time they open a bag or farm a node. That is PURPOSEFUL intent and if you are a particularly adept farmer, you can actually target a specific material to obtain while farming to maximize your return for your time farming.
The fact you make more gold doing something else that isn’t farming is completely removed from the fact that players DO control the market; there is no flaw in a market that is dictated by the willingness of players to supply those that create demand. If it wasn’t for a handful of interventions and influencing statements from Anet, it would actually be 100% controlled by players activities and actions.
(edited by Obtena.7952)
Digging that hole deeper and deeper
To be fair Essence, while Opportunity Costs are a valid economic discussion, you would then need to argue what those costs are in the first place.
It really only matters if one is a min/max enthusiast. Such as, this activity is “worth” X gold/hour while this other activity is worth Y gold/hour. X>Y therefore this other activity is undesirable because I make less money at it.
But with the market always changing, it often becomes a judgement call whether one activity will pay more than the other. And if you’re not interested in the absolute maximum amount of fake money for your time, whether you find one activity more fun than the other can be more important than the theoretical ROI.
The reason why TP players make more money than flipper is the same reason why CEOs make far more money than their employees.
Flipping and speculating requires far more skill and knowledge than doing something every old yahoo can do. It doesn’t take any skill to do PvE it takes some risk and brain power to make money off the TP.
If you hate TP players, you are probably just are just mad you cant do what they do.
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
True, and yet it has an element of truth to it no doubt.
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
Ya, it is mostly silly because you can’t generate any reasons to counter my point. That’s how life works. The TP works the same because TP players take advantage of over 200k + players to make their money.
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
Ya, it is mostly silly because you can’t generate any reasons to counter my point. That’s how life works. The TP works the same because TP players take advantage of over 200k + players to make their money.
Yes, I agree with you. Most of the people can’t or just don’t use the advantages of the TP. You can get rich, right. You can stay poor, right. But this argument is still missing the point.
Edit: I can really understand both sides. I know about the advantages of the TP. But I don’t like the idea that you are forced to use it to be able to achieve something. Other games have much better solutions and this is why people still debate here.
(edited by IKaikiasI.1932)
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
Ya, it is mostly silly because you can’t generate any reasons to counter my point. That’s how life works. The TP works the same because TP players take advantage of over 200k + players to make their money.
It’s not possible to be taken advantage of when players knowingly allow others to make money off of them. Please stop protecting people who cognizant of market activities.
If you hate TP players, you are probably just are just mad you cant do what they do.
This is the most silly, not saying anything argument a TP player can use.
Ya, it is mostly silly because you can’t generate any reasons to counter my point. That’s how life works. The TP works the same because TP players take advantage of over 200k + players to make their money.
It’s not possible to be taken advantage of when players knowingly allow others to make money off of them. Please stop protecting people who cognizant of market activities.
Your statement implies that I meant taking advantage in a negative way and I don’t mean that. TP players take advantage of people laziness or impatience.
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